180718_GF_Mid-Year_Report_2018

10
11
Consolidated financial statements
Cash flow statement
CHF million Notes Jan.–June 2018 Jan.–June 2017
Net profit 154 122
Income taxes 39 31
Financial result 16 15
Depreciation and amortization 74 67
Other non-cash income and expenses 21 8
Increase in provisions, net 18 15
Use of provisions –13 –9
Changes in
– Inventories –107 –93
– Trade accounts receivable –148 –144
– Prepayments to creditors 5 –5
– Other receivables and accrued income –13 –6
– Trade accounts payable 12 59
– Prepayments from customers –5 11
– Other liabilities and accrued liabilities and deferred income 40 12
Interest paid –10 –10
Income taxes paid –37 –25
Cash flow from operating activities 46 48
Additions to
– Property, plant, and equipment –94 –76
– Intangible assets –6 –1
– Other financial assets –5 –3
Disposals of
– Property, plant, and equipment 3 1
Cash flow from acquisitions –142 –1
Interest received 1 1
Cash flow from investing activities –243 –79
Free cash flow (3) –197 –31
Purchase of treasury shares –5 –10
Disposal of treasury shares 2 14
Dividend payments to shareholders of Georg Fischer Ltd –94 –82
Dividend payments to non-controlling interests –5 –2
Inflows from shares from non-controlling interests 3
Issuance of bonds 200
Issuance of long-term financial liabilities 10 8
Repayment of long-term financial liabilities –14 –5
Changes in short-term financial liabilities 9 26
Cash flow from financing activities 103 –48
Translation adjustment on cash and cash equivalents –2 –7
Net cash flow –96 –86
Cash and cash equivalents at beginning of year 624 571
Cash and cash equivalents at end of period 1 528 485
1 Cash, postal and bank accounts: CHF 508 million (prior year: CHF 450 million), fixed-term deposits: CHF 20 million (prior year: CHF 35 million).