Page 62

Consolidated Cash Flow Statement

In CHF 1,000

Notes

Net income

2011

2010

44,813

44,928

Income taxes

10

3,362

460

Financial income

18

–1,353

–7,200

Financial expenses Depreciation and amortization Increase provisions (Gain)/ Loss from disposals of property, plant and equipment

18

3,438

8,268

7/8

9,836

10,485

12

359

249

7

–32

406

Loss from disposals of intangible assets

8

1

7

Gain from divestments of financial assets

9

0

–1,140

758

454

Interest paid

Interest received

–1,190

–1,841

Taxes paid

– 4,508

–3,936

Other non-cash expense/(income)

4,032

–399

Cash flow from operating activities before changes in net working capital

59,516

50,741

Increase accounts receivable, trade

–7,470

–18,008

Decrease/(Increase) other receivables Increase inventories Increase accounts payable, trade Increase other liabilities Cash flow from operating activities

1,228

–912

–30,485

–18,947

3,367

4,715

–214

10,777

25,942

28,366 –7,122

Investments in property, plant and equipment

7

–12,231

Proceeds from sales of property, plant and equipment

7

344

718

Investments in intangible assets

8

–825

–1,245

Investments in financial assets

9

–225

–75

Divestments of financial assets

9

127

1,826

–12,810

–5,898

Borrowing/ (Repayment) short-term debts

710

–16,112

Decrease/ (Increase) treasury shares

466

–3,523

–17,802

– 4,470

Cash flow from investing activities

Dividends paid Dividends paid to minorities Cash flow from financing activities Translation differences Change in cash and cash equivalents Cash and cash equivalents at January 1 Cash and cash equivalents at December 31

4

0

–104

–16,626

–24,209

161

–1,718

–3,333

–3,459

18,980

22,439

15,647

18,980

The notes on pages 40 to 60 are an integral part of the consolidated financial statements.

cash flow statement BOSSARD GROUP | BOSSARD FINANCIAL report 2011

39

Annual Report 2011  

Bossard Annual Report 2011

Annual Report 2011  

Bossard Annual Report 2011

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