AnnuAl report 2010 - Walter Meier

32 / Consolidated finanCial statements
WAlter meier / AnnuAl report 2010
ConSolidAted CASH FloW StAtement
in CHF million note 2010 2009
net income 41.2 22.2
depreciation, amortization and impairment 19, 20, 21 13.3 13.4
income taxes 10 5.7 6.5
Change in assets/liabilities of employee benefit plans 25 –4.6 0.3
Share based payments 28 – 0.1
Gain on disposal of property, plant and
equipment/intangible assets 7 –0.4 –0.7
Gain on disposal of business units and associates 7 –0.4 –1.4
Financial income 9 –2.4 –6.0
Financial expense 9 4.5 8.5
Share in profit of associates and joint ventures 17 0.3 –
gross cash flow from operating activities 57.2 42.9
increase(–)/decrease in trade and other receivables –0.7 39.3
increase(–)/decrease in inventory –7.9 46.9
increase/decrease(–) in trade accounts payable and
other liabilities 7.4 –20.8
increase/decrease(–) in provisions 26 –0.1 –7.8
income tax paid –8.3 –8.3
net cash flow from operating activities 47.6 92.2
purchase of property, plant and equipment 19 –4.5 –5.5
Sale of property, plant and equipment 19 0.5 1.5
purchase of intangible assets 21 –3.8 –4.3
Sale of intangible assets 21 0.2 –
Acquisition of business units (without cash) 31 – –11.3
Sale of associates and of business units 1) 17, 32 –0.6 1.4
purchase of joint ventures 17 – –1.5
loans made 18 – –2.0
repayment of loans 2) 18 0.9 –
repayment of available-for-sale financial assets 18 – 2.4
interest received 0.7 0.3
net cash flow from investing activities –6.6 –19.0
purchase of treasury shares 27 –10.6 –2.7
repayment of liabilities to banks 24 –24.0 –40.0
Finance lease agreements 29 –0.2 –
nominal value repayment 2) 27 –10.8 –
dividend paid Walter meier ltd. 27 – –4.1
interest paid –0.7 –0.9
net cash flow from financing activities –46.3 –47.7
effects of exchange rate fluctuations on cash and
cash equivalents –1.8 –0.3
increase/decrease(–) in cash –7.1 25.2
Balance of cash as of 1/1 12 54.3 29.1
Balance of cash as of 12/31 12 47.2 54.3
1) the receipt of payment for the sale of the business unit Global Sourcing Shanghai ltd. took place after the balance sheet date.
2) the nominal value repayment to Greentec AG was settled with loan receivables (notes 18 and 33).