Consolidated statement of cash flows
CHF million | January – June 2023 (audited) | January – June 2022 (unaudited) | ||
Net result | 57.8 | –12.8 | ||
Dividend income | –0.8 | –0.6 | ||
Interest income | –0.6 | –1.4 | ||
Interest expenses | 13.1 | 9.6 | ||
Income tax expenses | 13.7 | 8.7 | ||
Depreciation, amortization and impairment | 115.6 | 61.1 | ||
Share of profit of associated companies | –0.7 | –1.4 | ||
(Gain)/Loss from disposal of tangible assets, net | –0.4 | 0.1 | ||
Bargain purchase gain | –109.1 | – | ||
Other non-cash income and expenses | 9.9 | 3.1 | ||
Change in net working capital | –49.0 | –0.8 | ||
Change in post-employment benefit assets and liabilities | 0.3 | 0.6 | ||
Change in non-current provisions | – | –0.9 | ||
Change in other non-current assets | –2.9 | 0.3 | ||
Change in other non-current liabilities | –1.0 | 0.2 | ||
Dividends received | 2.7 | 2.6 | ||
Interest received | 0.5 | 1.4 | ||
Interest paid | –11.8 | –8.5 | ||
Income taxes paid | –13.2 | –6.5 | ||
Cash flows from operating activities | 24.2 | 54.6 | ||
Investments in tangible assets | –21.7 | –10.4 | ||
Investments in intangible assets | –0.6 | –0.1 | ||
Investments in financial assets | –0.4 | –0.2 | ||
Investments in subsidiary or business, net of cash acquired | –96.0 | – | ||
Proceeds from disposal of tangible assets | 0.9 | 0.8 | ||
Proceeds from disposal of financial assets | 0.1 | 0.5 | ||
Cash flows used in investing activities | –117.8 | –9.4 | ||
Dividends paid to shareholders of Autoneum Holding Ltd | – | –7.0 | ||
Dividends paid to non-controlling interests | –3.7 | –2.1 | ||
Purchase of treasury shares | – | –2.9 | ||
Proceeds from borrowings | 193.2 | 25.5 | ||
Repayment of borrowings | –33.8 | –24.7 | ||
Cash flows from/(used in) financing activities | 155.7 | –11.2 | ||
Currency translation adjustment | –8.5 | –0.2 | ||
Change in cash and cash equivalents | 53.6 | 33.8 | ||
Cash and cash equivalents at beginning of the period | 123.6 | 103.7 | ||
Cash and cash equivalents at end of the period | 177.3 | 137.5 |