Consolidated cash flow statement
(year ended 30 September)
In CHF ’000 | Note | 2019/20 | 2018/19 |
|---|---|---|---|
Net profit for the period |
| 2,715 | 7,207 |
Depreciation and impairment of property, plant and equipment | 3 | 5,645 | 4,376 |
Amortization and impairment of intangible assets | 2 | 295 | 356 |
Loss on disposal of property, plant and equipment and intangible assets |
| 289 | 439 |
Change in provisions | 6 | 744 | – 1,077 |
Change in deferred tax | 14 | – 340 | – 615 |
Change in trade receivables |
| 2,986 | 5,798 |
Change in inventories |
| 3,890 | 2,809 |
Change in other receivables, prepaid expenses and deferred income |
| – 897 | 1,709 |
Change in trade payables |
| – 7,617 | – 1,168 |
Change in other current payables and accrued expenses |
| 2,455 | – 6,566 |
Expense for share-based payments to staff |
| 470 | 955 |
Exchange differences on intra-Group items |
| – 620 | 1,123 |
| Other non-cash expenses | – 257 | – 528 | |
| Cash flow from operating activities |
| 9,758 | 14,818 |
|
| ||
Purchase of property, plant and equipment | 3 | – 9,873 | – 8,461 |
Disposal of property, plant and equipment |
| 154 | 211 |
Purchase of intangible assets | 2 | – 476 | – 315 |
Change in current financial assets |
| – 564 | 1,407 |
Change in loan receivables and non-current financial assets |
| – 63 | 23 |
| Cash flow from investing activities |
| – 10,822 | – 7,135 |
|
| ||
Purchase of treasury shares | 18 | – 401 | – 829 |
| Dividend distributions | – 1,586 | 0 | |
Repayment of excess share premium |
| – 1,586 | – 4,129 |
(-Repayment) / Proceeds of borrowings |
| 1,756 | – 3,659 |
Amortization in connection with finance leases |
| – 209 | – 211 |
| Cash flow from financing activities |
| – 2,027 | – 8,828 |
|
| ||
Effect of exchange rates on cash and cash equivalents |
| – 704 | 62 |
| Change in cash and cash equivalents |
| – 3,794 | – 1,083 |
|
| ||
Cash and cash equivalents at 1 October |
| 18,013 | 19,096 |
Cash and cash equivalents at 30 September |
| 14,219 | 18,013 |
|
| ||
| Free cash flow1 |
| – 437 | 6,253 |
|
| ||
| Included in cash flow from operating activities: |
| ||
Interest paid |
| – 799 | – 871 |
Interest received |
| 34 | 91 |
Income tax paid |
| – 1,691 | – 3,422 |
1 Cash flow from operating activities less net investment in property, plant and equipment and in intangible assets. | |||