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.
