Consolidated cash flow statements
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April 1 to March 31, in CHF million |
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Notes |
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2019/20 |
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2018/19 |
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Income before taxes |
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502.4 |
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529.6 |
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Depreciation and amortization of tangible and intangible assets and right-of-use assets 1) |
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3.3,3.4,3.5 |
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200.1 |
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127.6 |
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Loss on sale of tangible and intangible assets, net |
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1.3 |
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0.4 |
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Share of gain in associates/joint ventures, net |
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6.2 |
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(2.4) |
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(2.1) |
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Increase/(decrease) in long-term provisions and long-term contract liabilities 1) |
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22.2 |
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(16.3) |
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Financial (income)/expense, net 1) |
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4.2 |
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10.0 |
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8.7 |
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Share based payments |
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19.9 |
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19.3 |
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Other non-cash items |
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5.4 |
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(19.4) |
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Income taxes paid |
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(60.1) |
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196.5 |
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(64.4) |
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53.8 |
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Cash flow before changes in net working capital |
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698.9 |
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583.5 |
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Decrease/(increase) in trade receivables |
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112.4 |
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(84.5) |
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Decrease/(increase in other receivables and prepaid expenses |
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2.9 |
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(20.7) |
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Decrease/(increase) in inventories |
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9.2 |
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(15.2) |
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Increase in trade payables |
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4.8 |
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12.2 |
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Increase in other payables, accruals, short-term provisions and short-term contract liabilities |
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15.2 |
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144.4 |
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57.9 |
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(50.3) |
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Cash flow from operating activities |
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843.3 |
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533.2 |
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Purchase of tangible and intangible assets |
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3.3,3.5 |
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(128.8) |
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(117.9) |
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Proceeds from sale of tangible and intangible assets |
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1.1 |
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0.6 |
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Cash consideration for acquisitions, net of cash acquired |
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6.1 |
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(74.8) |
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(66.4) |
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Cash consideration from divestments, net of cash divested |
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6.1 |
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1.5 |
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Changes in other financial assets |
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(10.9) |
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(5.2) |
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Interest received |
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2.1 |
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1.1 |
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Cash flow from investing activities |
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(211.3) |
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(186.3) |
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Proceeds from borrowings |
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4.5 |
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433.8 |
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Repayment of borrowings |
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4.5 |
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(249.8) |
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(150.6) |
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Repayment of lease liabilities 1) |
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3.4 |
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(64.3) |
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Share buyback program |
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4.6 |
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(402.7) |
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(157.8) |
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Sale of treasury shares |
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4.6 |
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31.4 |
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27.9 |
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Purchase of treasury shares |
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4.6 |
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(98.8) |
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(64.7) |
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Dividends paid by Sonova Holding AG |
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(186.5) |
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(169.8) |
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Dividends to non-controlling interests |
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(8.6) |
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(6.1) |
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Interest paid 1) |
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(5.0) |
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(1.2) |
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Cash flow from financing activities |
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(550.4) |
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(522.1) |
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Exchange losses on cash and cash equivalents |
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(6.1) |
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(2.2) |
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Increase/(decrease) in cash and cash equivalents |
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75.5 |
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(177.4) |
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Cash and cash equivalents at the beginning of the financial year |
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374.8 |
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552.1 |
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Cash and cash equivalents at the end of the financial year |
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450.2 |
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374.8 |
1) Impacted by the implementation of IFRS 16 "Leases", for further information refer to Note 3.4 and 7.8.
The Notes are an integral part of the consolidated financial statements.
