180718_GF_Mid-Year_Report_2018
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10<br />
11<br />
Consolidated financial statements<br />
Cash flow statement<br />
CHF million Notes Jan.–June <strong>2018</strong> Jan.–June 2017<br />
Net profit 154 122<br />
Income taxes 39 31<br />
Financial result 16 15<br />
Depreciation and amortization 74 67<br />
Other non-cash income and expenses 21 8<br />
Increase in provisions, net 18 15<br />
Use of provisions –13 –9<br />
Changes in<br />
– Inventories –107 –93<br />
– Trade accounts receivable –148 –144<br />
– Prepayments to creditors 5 –5<br />
– Other receivables and accrued income –13 –6<br />
– Trade accounts payable 12 59<br />
– Prepayments from customers –5 11<br />
– Other liabilities and accrued liabilities and deferred income 40 12<br />
Interest paid –10 –10<br />
Income taxes paid –37 –25<br />
Cash flow from operating activities 46 48<br />
Additions to<br />
– Property, plant, and equipment –94 –76<br />
– Intangible assets –6 –1<br />
– Other financial assets –5 –3<br />
Disposals of<br />
– Property, plant, and equipment 3 1<br />
Cash flow from acquisitions –142 –1<br />
Interest received 1 1<br />
Cash flow from investing activities –243 –79<br />
Free cash flow (3) –197 –31<br />
Purchase of treasury shares –5 –10<br />
Disposal of treasury shares 2 14<br />
Dividend payments to shareholders of Georg Fischer Ltd –94 –82<br />
Dividend payments to non-controlling interests –5 –2<br />
Inflows from shares from non-controlling interests 3<br />
Issuance of bonds 200<br />
Issuance of long-term financial liabilities 10 8<br />
Repayment of long-term financial liabilities –14 –5<br />
Changes in short-term financial liabilities 9 26<br />
Cash flow from financing activities 103 –48<br />
Translation adjustment on cash and cash equivalents –2 –7<br />
Net cash flow –96 –86<br />
Cash and cash equivalents at beginning of year 624 571<br />
Cash and cash equivalents at end of period 1 528 485<br />
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).