Consolidated cash flow statements

April 1 to March 31, in CHF million

 

Notes

 

2018/19

 

2017/18

Income before taxes

 

 

 

 

 

529.6

 

 

 

478.9

Depreciation and amortization of tangible and intangible assets

 

3.3,3.4

 

127.6

 

 

 

134.8

 

 

Loss on sale of tangible and intangible assets, net

 

 

 

0.4

 

 

 

0.5

 

 

Share of gain in associates/joint ventures, net

 

6.2

 

(2.1)

 

 

 

(3.2)

 

 

Decrease in long-term provisions and long-term contract liabilities

 

 

 

(16.3)

 

 

 

(29.0)

 

 

Financial (income)/expense, net

 

4.2

 

8.7

 

 

 

7.2

 

 

Share based payments

 

 

 

19.3

 

 

 

18.3

 

 

Other non-cash items

 

 

 

(19.4)

 

 

 

3.0

 

 

Income taxes paid

 

 

 

(64.4)

 

53.8

 

(46.8)

 

84.8

Cash flow before changes in net working capital

 

 

 

 

 

583.5

 

 

 

563.7

Increase in trade receivables

 

 

 

(84.5)

 

 

 

(31.2)

 

 

(Increase)/decrease in other receivables and prepaid expenses

 

 

 

(20.7)

 

 

 

10.4

 

 

(Increase)/decrease in inventories

 

 

 

(15.2)

 

 

 

2.2

 

 

Increase/(decrease) in trade payables

 

 

 

12.2

 

 

 

(8.3)

 

 

Increase/(decrease) in other payables, accruals, short-term provisions and short-term contract liabilities

 

 

 

57.9

 

(50.3)

 

(13.4)

 

(40.3)

Cash flow from operating activities

 

 

 

 

 

533.2

 

 

 

523.4

Purchase of tangible and intangible assets

 

3.3,3.4

 

(117.9)

 

 

 

(96.3)

 

 

Proceeds from sale of tangible and intangible assets

 

 

 

0.6

 

 

 

0.8

 

 

Cash consideration for acquisitions, net of cash acquired

 

6.1

 

(66.4)

 

 

 

(82.5)

 

 

Cash consideration from divestments, net of cash divested

 

6.1

 

1.5

 

 

 

23.3

 

 

Changes in other financial assets

 

 

 

(5.2)

 

 

 

(10.1)

 

 

Interest received

 

 

 

1.1

 

 

 

1.4

 

 

Cash flow from investing activities

 

 

 

 

 

(186.3)

 

 

 

(163.4)

Repayment of borrowings

 

4.5

 

(150.6)

 

 

 

(0.1)

 

 

Share buyback program

 

4.6

 

(157.8)

 

 

 

 

 

 

Sale of treasury shares

 

4.6

 

27.9

 

 

 

24.2

 

 

Purchase of treasury shares

 

4.6

 

(64.7)

 

 

 

(50.5)

 

 

Dividends paid by Sonova Holding AG

 

 

 

(169.8)

 

 

 

(150.3)

 

 

Dividends to non-controlling interests

 

 

 

(6.1)

 

 

 

(8.8)

 

 

Interest paid

 

 

 

(1.2)

 

 

 

(0.7)

 

 

Cash flow from financing activities

 

 

 

 

 

(522.1)

 

 

 

(186.2)

Exchange (losses)/gains on cash and cash equivalents

 

 

 

 

 

(2.2)

 

 

 

3.9

(Decrease)/increase in cash and cash equivalents

 

 

 

 

 

(177.4)

 

 

 

177.6

Cash and cash equivalents at the beginning of the financial year

 

 

 

 

 

552.1

 

 

 

374.5

Cash and cash equivalents at the end of the financial year

 

 

 

 

 

374.8

 

 

 

552.1

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

Dieser Abschnitt ist nur in englischer Sprache verfügbar.