Consolidated Financial Statements Arbonia Group
Consolidated Statement of Cash Flows
in 1 000 CHF | 2023 | 2022 | |
Group result | – 17 212 | 19 127 | |
Depreciation, amortisation and impairments | 77 813 | 71 290 | |
Profit/loss on disposal of non-current assets | – 310 | – 395 | |
Changes in non-cash transactions | 19 272 | 11 802 | |
Net interest expense | 9 680 | 3 760 | |
Income tax expense | – 6 262 | 9 146 | |
Changes in working capital | 37 468 | – 55 940 | |
Changes in current liabilities | – 3 142 | – 61 481 | |
Interest paid | – 8 999 | – 3 055 | |
Interest received | 448 | 255 | |
Income tax paid | – 7 762 | – 20 268 | |
Cash flows from operating activities - net | 100 994 | – 25 759 | |
To investment activities | |||
Purchases of property, plant and equipment | – 77 578 | – 158 015 | |
Purchases of investment properties | – 1 086 | – 3 296 | |
Purchases of intangible assets | – 14 320 | – 13 161 | |
Acquisition of subsidiaries (net of cash acquired) | – 4 374 | – 44 207 | |
Issuance of financial assets | – 1 799 | – 2 346 | |
From divestment activities | |||
Proceeds from sale of property, plant and equipment | 512 | 1 220 | |
Repayment of financial assets | 22 | 16 | |
Cash flows from investing activities - net | – 98 623 | – 219 789 |
in 1 000 CHF | 2023 | 2022 | |
From financing activities | |||
Proceeds from financial debts | 233 496 | 64 202 | |
To financing activities | |||
Repayments of financial debts | – 200 337 | – 1 078 | |
Lease liability payments | – 8 598 | – 8 218 | |
Dividend and distribution from capital contribution reserves | – 20 434 | – 20 743 | |
Purchase of treasury shares | – 2 722 | – 12 698 | |
Cash flows from financing activities - net | 1 405 | 21 465 | |
Effects of translation differences on cash and cash equivalents | – 2 056 | – 591 | |
Change in cash and cash equivalents | 1 720 | – 224 674 | |
Reconciliation of change in cash and cash equivalents | |||
Cash and cash equivalents as of 01/01 continuing operations | 29 196 | 253 870 | |
Cash and cash equivalents as of 31/12 continuing operations | 17 160 | 29 196 | |
Cash and cash equivalents as of 31/12 discontinued operations | 13 756 | ||
Change in cash and cash equivalents | 1 720 | – 224 674 |
The notes are an integral part of these consolidated financial statements.