Consolidated Financial Statements Arbonia Group
Consolidated Statement of Cash Flows
in 1 000 CHF | Note | 2021 | 2020 |
Group result | 138 730 | 44 914 | |
Depreciation, amortisation and impairments | 37 - 40 | 71 391 | 84 555 |
Profit/loss on disposal of non-current assets/subsidiaries | 35 - 38 | – 99 969 | – 2 406 |
Changes in non-cash transactions | 55 | 30 854 | 19 636 |
Net interest expense | 5 689 | 6 070 | |
Income tax expense | 23 338 | 14 638 | |
Changes in working capital | 55 | – 99 181 | 6 800 |
Changes in current liabilities | 55 | 47 762 | – 10 704 |
Interest paid | – 4 299 | – 4 869 | |
Interest received | 40 | 148 | |
Income tax paid | – 21 570 | – 17 470 | |
Cash flows from operating activities - net | 92 785 | 141 312 | |
To investment activities | |||
Purchases of property, plant and equipment | 37 | – 145 113 | – 92 248 |
Purchases of intangible assets | 40 | – 4 011 | – 3 295 |
Acquisition of subsidiaries/businesses (net of cash acquired) | 41 | – 27 681 | – 3 310 |
Issuance of financial assets | 35 | – 721 | – 3 425 |
From divestment activities | |||
Proceeds from sale of property, plant and equipment | 36, 37 | 1 128 | 8 582 |
Proceeds from sale of investment properties | 36, 39 | 2 197 | 4 879 |
Proceeds from sale of intangible assets | 12 | ||
Disposal of subsidiaries (net of cash disposed) | 36 | 334 064 | |
Repayment of financial assets | 24 | 3 | |
Cash flows from investing activities - net | 159 887 | – 88 802 |
in 1 000 CHF | Note | 2021 | 2020 |
From financing activities | |||
Proceeds from financial debts | 42, 55 | 68 266 | 45 062 |
To financing activities | |||
Repayments of financial debts | 42, 55 | – 73 634 | – 80 461 |
Lease liability payments | 55 | – 13 405 | – 14 990 |
Dividend and distribution from capital contribution reserves | – 32 486 | ||
Purchase of treasury shares | 49 | – 6 266 | – 983 |
Cash flows from financing activities - net | – 57 525 | – 51 372 | |
Effects of translation differences on cash and cash equivalents | 75 | – 844 | |
Change in cash and cash equivalents | 195 222 | 294 | |
Reconciliation of change in cash and cash equivalents | |||
Cash and cash equivalents as of 01/01 continuing operations | 32 | 52 107 | 58 354 |
Cash and cash equivalents as of 01/01 discontinued operations | 36 | 6 541 | |
Cash and cash equivalents as of 31/12 continuing operations | 32 | 253 870 | 52 107 |
Cash and cash equivalents as of 31/12 discontinued operations | 36 | 6 541 | |
Change in cash and cash equivalents | 195 222 | 294 |
The notes on pages 147 to 206 are an integral part of these consolidated financial statements.