Consolidated cash flow statement
April 1 to March 31, in CHF million |
| Notes |
| 2020/21 |
| 2019/20 | ||||
Income before taxes |
|
|
|
|
| 600.4 |
|
|
| 502.4 |
Depreciation, amortization and impairment of tangible and intangible assets and right-of-use assets |
| 3.3,3.4,3.5 |
| 222.7 |
|
|
| 200.1 |
|
|
Loss on sale of tangible and intangible assets, net |
|
|
| 3.2 |
|
|
| 1.3 |
|
|
Share of (profit)/loss in associates/joint ventures, net |
| 6.2 |
| (1.9) |
|
|
| (2.4) |
|
|
(Decrease)/increase in long-term provisions and long-term contract liabilities |
|
|
| (9.2) |
|
|
| 22.2 |
|
|
Financial (income)/expense, net |
| 4.2 |
| 21.0 |
|
|
| 10.0 |
|
|
Share based payments |
| 7.4 |
| 31.3 |
|
|
| 19.9 |
|
|
Other non-cash items |
|
|
| 14.5 |
|
|
| 5.4 |
|
|
Income taxes paid |
|
|
| (76.3) |
| 205.3 |
| (60.1) |
| 196.5 |
Cash flow before changes in net working capital |
|
|
|
|
| 805.7 |
|
|
| 698.9 |
(Increase)/decrease in trade receivables |
|
|
| (45.7) |
|
|
| 112.4 |
|
|
Decrease in other receivables and prepaid expenses |
|
|
| 8.1 |
|
|
| 2.9 |
|
|
(Increase)/decrease in inventories |
|
|
| (36.3) |
|
|
| 9.2 |
|
|
(Decrease)/increase in trade payables |
|
|
| (3.2) |
|
|
| 4.8 |
|
|
Increase in other payables, accruals, short-term provisions and short-term contract liabilities |
|
|
| 35.8 |
| (41.3) |
| 15.2 |
| 144.4 |
Cash flow from operating activities |
|
|
|
|
| 764.4 |
|
|
| 843.3 |
Purchase of tangible and intangible assets |
| 3.3,3.5 |
| (89.2) |
|
|
| (128.8) |
|
|
Proceeds from sale of tangible and intangible assets |
|
|
| 2.4 |
|
|
| 1.1 |
|
|
Cash consideration for acquisitions, net of cash acquired |
| 6.1 |
| (29.3) |
|
|
| (68.6) |
|
|
Cash consideration for associates |
| 6.2 |
| (1.2) |
|
|
| (6.2) |
|
|
Changes in other financial assets |
|
|
| (6.2) |
|
|
| (10.9) |
|
|
Interest received |
|
|
| 1.8 |
|
|
| 2.1 |
|
|
Cash flow from investing activities |
|
|
|
|
| (121.8) |
|
|
| (211.3) |
Proceeds from borrowings |
| 4.5 |
| 1,002.5 |
|
|
| 433.8 |
|
|
Repayment of borrowings |
| 4.5 |
| (230.0) |
|
|
| (249.8) |
|
|
Repayment of lease liabilities |
| 3.4 |
| (66.7) |
|
|
| (64.3) |
|
|
Share buyback program |
| 4.6 |
| (25.1) |
|
|
| (402.7) |
|
|
Sale of treasury shares |
| 4.6 |
| 16.8 |
|
|
| 31.4 |
|
|
Purchase of treasury shares |
| 4.6 |
| (9.7) |
|
|
| (98.8) |
|
|
Dividends paid by Sonova Holding AG |
|
|
| (0.2) |
|
|
| (186.5) |
|
|
Dividends to non-controlling interests |
|
|
|
|
|
|
| (8.6) |
|
|
Interest paid |
|
|
| (11.5) |
|
|
| (5.0) |
|
|
Cash flow from financing activities |
|
|
|
|
| 676.1 |
|
|
| (550.4) |
Exchange gains/(losses) on cash and cash equivalents |
|
|
|
|
| 3.3 |
|
|
| (6.1) |
Increase in cash and cash equivalents |
|
|
|
|
| 1,322.0 |
|
|
| 75.5 |
Cash and cash equivalents at the beginning of the financial year |
|
|
|
|
| 450.2 |
|
|
| 374.8 |
Cash and cash equivalents at the end of the financial year |
|
|
|
|
| 1,772.2 |
|
|
| 450.2 |
The Notes are an integral part of the consolidated financial statements.
