Consolidated statement of cash flows
In thousands of CHF | Note | 2018 | 2017 restated 1 | |
Net income | 12,279 | 35,336 | ||
Income tax | 12 | 2,858 | 14,516 | |
Depreciation, amortization and impairment | 9/10/11 | 19,831 | 12,465 | |
Net interest expense | 23 | 860 | 1,310 | |
Share-based payments | 29 | 340 | 916 | |
Losses on disposal of property, plant and equipment | 172 | 59 | ||
Losses on disposal of intangible assets | 10 | – | ||
Loss on disposal of businesses | 21 | 6,595 | – | |
Other non-cash expense/(income) | 3,125 | 2,537 | ||
Change in provisions | 16 | 2,262 | 2,211 | |
Change in other working capital | (20,025) | (12,188) | ||
Interest received | 30 | 14 | ||
Taxes paid | (5,845) | (18,823) | ||
Net cash provided by operating activities | 22,493 | 38,353 | ||
Outflow from disposal of businesses | (293) | – | ||
Purchases of property, plant and equipment | 9 | (26,020) | (37,554) | |
Purchases of intangible assets | 10 | (1,933) | (3,953) | |
Disposals of property, plant and equipment | 9 | 242 | 1,285 | |
Disposals of intangible assets | 10 | 1,039 | – | |
Disposals of other financial assets | 35 | – | ||
Net cash used in investing activities | (26,930) | (40,221) | ||
Repayment of borrowings | 13 | (136) | (2,656) | |
Interest paid | (806) | (1,247) | ||
Distribution to shareholders of Comet Holding AG | (11,630) | (9,295) | ||
Net cash used in financing activities | (12,572) | (13,197) | ||
Net (decrease) in cash and cash equivalents | (17,008) | (15,065) | ||
Foreign currency translation differences on cash and cash equivalents | (404) | 652 | ||
Cash and cash equivalents at January 1 | 60,420 | 74,832 | ||
Net cash and cash equivalents at December 31 | 43,007 | 60,420 |
1 Restated for IFRS 15 (see note 2.1).