Consolidated cash flow statements

April 1 to March 31, in 1,000 CHF

 

Notes

 

2017/18

 

2016/17

Income before taxes

 

 

 

 

 

478,940

 

 

 

417,329

Depreciation, amortization and impairment of tangible and intangible assets

 

17,20

 

134,763

 

 

 

147,404

 

 

Loss on sale of tangible and intangible assets, net

 

 

 

472

 

 

 

727

 

 

Share of (gain)/loss in associates/joint ventures, net

 

18

 

(3,197)

 

 

 

143

 

 

Decrease in long-term provisions

 

 

 

(28,993)

 

 

 

(38,384)

 

 

Financial (income)/expense, net

 

8

 

7,234

 

 

 

6,205

 

 

Share based payments and other non-cash item

 

 

 

21,241

 

 

 

19,985

 

 

Income taxes paid

 

 

 

(46,752)

 

84,768

 

(36,353)

 

99,727

Cash flow before changes in net working capital

 

 

 

 

 

563,708

 

 

 

517,056

Increase in trade receivables

 

 

 

(31,200)

 

 

 

(23,926)

 

 

Decrease/(increase) in other receivables and prepaid expenses

 

 

 

10,372

 

 

 

(6,505)

 

 

Decrease in inventories

 

 

 

2,186

 

 

 

3,604

 

 

(Decrease)/increase in trade payables

 

 

 

(8,296)

 

 

 

14,497

 

 

(Decrease)/increase in other payables, accruals and short-term provisions

 

 

 

(13,393)

 

(40,331)

 

17,665

 

5,335

Cash flow from operating activities

 

 

 

 

 

523,377

 

 

 

522,391

Purchase of tangible and intangible assets

 

 

 

(96,295)

 

 

 

(98,220)

 

 

Proceeds from sale of tangible and intangible assets

 

 

 

824

 

 

 

997

 

 

Cash consideration for acquisitions, net of cash acquired

 

27

 

(82,474)

 

 

 

(675,283)

 

 

Cash consideration from divestments, net of cash divested

 

27

 

23,250

 

 

 

17,821

 

 

Changes in other financial assets

 

 

 

(10,107)

 

 

 

(1,486)

 

 

Interest received and realized gain from financial assets

 

 

 

1,382

 

 

 

1,165

 

 

Cash flow from investing activities

 

 

 

 

 

(163,420)

 

 

 

(755,006)

Proceeds from borrowings

 

 

 

 

 

 

 

880,493

 

 

Repayment of borrowings

 

 

 

(145)

 

 

 

(411,597)

 

 

(Purchase)/sale of treasury shares, net

 

 

 

(26,345)

 

 

 

(32,603)

 

 

Dividends paid by Sonova Holding AG

 

 

 

(150,250)

 

 

 

(137,178)

 

 

Transactions with non-controlling interests

 

 

 

(8,768)

 

 

 

(6,150)

 

 

Interest paid and other financial expenses

 

 

 

(738)

 

 

 

(2,443)

 

 

Cash flow from financing activities

 

 

 

 

 

(186,246)

 

 

 

290,522

Exchange gains/(losses) on cash and cash equivalents

 

 

 

 

 

3,906

 

 

 

(669)

Increase in cash and cash equivalents

 

 

 

 

 

177,617

 

 

 

57,238

Cash and cash equivalents at the beginning of the financial year

 

 

 

 

 

374,504

 

 

 

317,266

Cash and cash equivalents at the end of the financial year

 

 

 

 

 

552,121

 

 

 

374,504

The Notes are an integral part of the consolidated financial statements.

Dieser Abschnitt ist nur in englischer Sprache verfügbar.