Consolidated cash flow statement
|
April 1 to March 31, in CHF million |
|
Notes |
|
2022/23 |
|
2021/22 |
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|
Income before taxes |
|
|
|
|
|
715.6 |
|
|
|
728.2 |
|
Depreciation, amortization and impairment of tangible and intangible assets and right-of-use assets |
|
3.3,3.4,3.5 |
|
239.7 |
|
|
|
211.1 |
|
|
|
Loss on sale of tangible and intangible assets, net |
|
|
|
1.9 |
|
|
|
0.3 |
|
|
|
Share of (profit)/loss in associates/joint ventures, net |
|
6.2 |
|
(3.9) |
|
|
|
(3.0) |
|
|
|
Decrease in long-term provisions and long-term contract liabilities |
|
|
|
(33.6) |
|
|
|
(3.2) |
|
|
|
Financial (income)/expenses, net excl. cash flow from management of foreign currencies and exchange (gains)/losses |
|
|
|
14.6 |
|
|
|
34.9 |
|
|
|
Share based payments |
|
7.4 |
|
21.0 |
|
|
|
33.5 |
|
|
|
Other non-cash items |
|
|
|
(11.0) |
|
|
|
5.0 |
|
|
|
Income taxes paid |
|
|
|
(86.8) |
|
141.9 |
|
(46.7) |
|
231.9 |
|
Cash flow before changes in net working capital |
|
|
|
|
|
857.5 |
|
|
|
960.1 |
|
Increase in trade receivables |
|
|
|
(67.3) |
|
|
|
(36.2) |
|
|
|
Decrease/(increase) in other receivables and prepaid expenses |
|
|
|
6.9 |
|
|
|
(22.6) |
|
|
|
Increase in inventories |
|
|
|
(7.7) |
|
|
|
(55.2) |
|
|
|
Increase in trade payables |
|
|
|
5.2 |
|
|
|
74.5 |
|
|
|
(Decrease)/increase in other payables, accruals, short-term provisions and short-term contract liabilities |
|
|
|
(10.7) |
|
(73.7) |
|
20.7 |
|
(18.9) |
|
Cash flow from operating activities |
|
|
|
|
|
783.9 |
|
|
|
941.1 |
|
Purchase of tangible and intangible assets |
|
3.3,3.5 |
|
(154.3) |
|
|
|
(106.6) |
|
|
|
Proceeds from sale of tangible and intangible assets |
|
|
|
2.0 |
|
|
|
1.9 |
|
|
|
Cash consideration for acquisitions, net of cash acquired |
|
6.1 |
|
(261.1) |
|
|
|
(594.1) |
|
|
|
Cash consideration for associates |
|
6.2 |
|
|
|
|
|
(2.1) |
|
|
|
Payments for other financial assets |
|
|
|
(27.8) |
|
|
|
(19.8) |
|
|
|
Repayments of other financial assets |
|
|
|
11.7 |
|
|
|
13.6 |
|
|
|
Interest received |
|
|
|
1.2 |
|
|
|
1.1 |
|
|
|
Cash flow from investing activities |
|
|
|
|
|
(428.3) |
|
|
|
(705.9) |
|
Proceeds from borrowings |
|
4.5 |
|
649.2 |
|
|
|
|
|
|
|
Repayment of borrowings |
|
4.5 |
|
(330.0) |
|
|
|
(360.0) |
|
|
|
Repayment of lease liabilities |
|
3.4 |
|
(75.9) |
|
|
|
(64.0) |
|
|
|
Share buyback program |
|
4.6 |
|
(446.2) |
|
|
|
(678.1) |
|
|
|
Sale of treasury shares |
|
4.6 |
|
16.2 |
|
|
|
26.3 |
|
|
|
Purchase of treasury shares |
|
4.6 |
|
(56.5) |
|
|
|
(79.8) |
|
|
|
Dividends paid by Sonova Holding AG |
|
|
|
(267.6) |
|
|
|
(201.6) |
|
|
|
Dividends to non-controlling interests |
|
|
|
(12.7) |
|
|
|
(15.4) |
|
|
|
Interest paid |
|
|
|
(21.7) |
|
|
|
(19.7) |
|
|
|
Cash flow from financing activities |
|
|
|
|
|
(545.2) |
|
|
|
(1,392.4) |
|
Exchange losses on cash and cash equivalents |
|
|
|
|
|
(7.0) |
|
|
|
(4.5) |
|
Decrease in cash and cash equivalents |
|
|
|
|
|
(196.6) |
|
|
|
(1,161.7) |
|
Cash and cash equivalents at the beginning of the financial year |
|
|
|
|
|
610.5 |
|
|
|
1,772.2 |
|
Cash and cash equivalents at the end of the financial year |
|
|
|
|
|
413.9 |
|
|
|
610.5 |
The Notes are an integral part of the consolidated financial statements.
