Consolidated statement of cash flows
|
In thousands of CHF |
Note |
2017 |
2016 |
|
|
Net income |
35,460 |
27,336 |
||
|
Income tax |
10 |
14,551 |
8,754 |
|
|
Depreciation and amortization |
7/8 |
12,465 |
11,226 |
|
|
Net interest expense |
21 |
1,310 |
1,451 |
|
|
Share-based payments |
27 |
916 |
1,107 |
|
|
Losses on disposal of property, plant and equipment |
59 |
9 |
||
|
Other non-cash expense/(income) |
2,537 |
(625) |
||
|
Change in provisions |
14 |
2,211 |
1,834 |
|
|
Change in other working capital |
(12,346) |
(11,479) |
||
|
Interest received |
14 |
15 |
||
|
Taxes paid |
(18,823) |
(6,450) |
||
|
Net cash provided by operating activities |
38,353 |
33,178 |
||
|
Purchase price payment for acquisition of subsidiary |
0 |
(2,630) |
||
|
Purchases of property, plant and equipment |
7 |
(37,554) |
(16,995) |
|
|
Purchases of intangible assets |
8 |
(3,953) |
(2,668) |
|
|
Disposals of property, plant and equipment |
7 |
1,285 |
715 |
|
|
Net cash used in investing activities |
(40,221) |
(21,579) |
||
|
Net proceeds from issue of bond (2016-2021) |
0 |
59,600 |
||
|
Repayment of bank borrowings |
11 |
(2,656) |
(11,237) |
|
|
Interest paid |
(1,247) |
(635) |
||
|
Distribution to shareholders of Comet Holding AG |
(9,295) |
(8,512) |
||
|
Net cash used in financing activities |
(13,197) |
39,216 |
||
|
Net (decrease)/increase in cash and cash equivalents |
(15,065) |
50,816 |
||
|
Foreign currency translation differences on cash and cash equivalents |
652 |
(279) |
||
|
Cash and cash equivalents at January 1 |
74,832 |
24,295 |
||
|
Net cash and cash equivalents at December 31 |
60,420 |
74,832 |