Consolidated cash flow statements
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April 1 to March 31, in CHF million |
|
Notes |
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2018/19 |
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2017/18 |
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Income before taxes |
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|
|
|
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529.6 |
|
|
|
478.9 |
|
Depreciation and amortization of tangible and intangible assets |
|
3.3,3.4 |
|
127.6 |
|
|
|
134.8 |
|
|
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Loss on sale of tangible and intangible assets, net |
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|
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0.4 |
|
|
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0.5 |
|
|
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Share of gain in associates/joint ventures, net |
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6.2 |
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(2.1) |
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|
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(3.2) |
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Decrease in long-term provisions and long-term contract liabilities |
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|
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(16.3) |
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(29.0) |
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|
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Financial (income)/expense, net |
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4.2 |
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8.7 |
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7.2 |
|
|
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Share based payments |
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19.3 |
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18.3 |
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Other non-cash items |
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(19.4) |
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3.0 |
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|
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Income taxes paid |
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|
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(64.4) |
|
53.8 |
|
(46.8) |
|
84.8 |
|
Cash flow before changes in net working capital |
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|
|
|
|
583.5 |
|
|
|
563.7 |
|
Increase in trade receivables |
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|
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(84.5) |
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|
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(31.2) |
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|
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(Increase)/decrease in other receivables and prepaid expenses |
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|
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(20.7) |
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10.4 |
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|
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(Increase)/decrease in inventories |
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|
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(15.2) |
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|
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2.2 |
|
|
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Increase/(decrease) in trade payables |
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|
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12.2 |
|
|
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(8.3) |
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|
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Increase/(decrease) in other payables, accruals, short-term provisions and short-term contract liabilities |
|
|
|
57.9 |
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(50.3) |
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(13.4) |
|
(40.3) |
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Cash flow from operating activities |
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|
|
|
|
533.2 |
|
|
|
523.4 |
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Purchase of tangible and intangible assets |
|
3.3,3.4 |
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(117.9) |
|
|
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(96.3) |
|
|
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Proceeds from sale of tangible and intangible assets |
|
|
|
0.6 |
|
|
|
0.8 |
|
|
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Cash consideration for acquisitions, net of cash acquired |
|
6.1 |
|
(66.4) |
|
|
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(82.5) |
|
|
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Cash consideration from divestments, net of cash divested |
|
6.1 |
|
1.5 |
|
|
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23.3 |
|
|
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Changes in other financial assets |
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|
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(5.2) |
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|
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(10.1) |
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Interest received |
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|
|
1.1 |
|
|
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1.4 |
|
|
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Cash flow from investing activities |
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|
|
|
|
(186.3) |
|
|
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(163.4) |
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Repayment of borrowings |
|
4.5 |
|
(150.6) |
|
|
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(0.1) |
|
|
|
Share buyback program |
|
4.6 |
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(157.8) |
|
|
|
|
|
|
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Sale of treasury shares |
|
4.6 |
|
27.9 |
|
|
|
24.2 |
|
|
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Purchase of treasury shares |
|
4.6 |
|
(64.7) |
|
|
|
(50.5) |
|
|
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Dividends paid by Sonova Holding AG |
|
|
|
(169.8) |
|
|
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(150.3) |
|
|
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Dividends to non-controlling interests |
|
|
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(6.1) |
|
|
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(8.8) |
|
|
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Interest paid |
|
|
|
(1.2) |
|
|
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(0.7) |
|
|
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Cash flow from financing activities |
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|
|
|
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(522.1) |
|
|
|
(186.2) |
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Exchange (losses)/gains on cash and cash equivalents |
|
|
|
|
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(2.2) |
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|
|
3.9 |
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(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 |
|
|
|
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|
374.8 |
|
|
|
552.1 |
The Notes are an integral part of the consolidated financial statements.
