Annual Report 2006

Consolidated Statement of Cash Flow
CHF 1‘000 Note 2006 2005
Cash flow from operating activities
Net Earnings 5‘983 13‘162
Income taxes 773 -3‘917
Depreciation 6.6, 6.7 8‘901 9‘893
Changes of provisions -3‘771 -1‘228
Other non-cash items -3‘161 -3‘280
Paid income taxes - net 59 -46
Changes in net working capital 6.16 -24‘125 -2‘184
Cash flow from operating activities -15‘341 12‘400
Cash flow from investing activities
Investments in tangible assets 6.6 -4‘397 -8‘322
Divestments of tangible assets 6.6 724 3‘280
Investments in intangible assets 6.7 -5‘175 -4‘094
Investments in investment property 6.8 -127 0
Investments in financial assets 6.9, 6.10 -29 -14‘808
Proceeds from sale of group companies (net of cash disposed) 7.1 0 25‘464
Cash flow from investing activities -9‘004 1‘520
Cash flow from financing activities
Proceeds from issuance of share capital 6.15 15 0
Purchase and sale of treasury shares 6.15 35 103
Change in other financial liabilities 592 100
Repayment of finance lease liabilities -1‘859 -1‘875
Interest received 807 2‘324
Interest paid -302 -242
Cash flow from financing activities -712 410
Effect of exchange rate changes on cash -147 -8
Net cash flow from continued operations -25‘204 14‘322
Net cash flow from discontinued operations 7.1 -1‘620 -1‘966
Increase / decrease of cash and cash equivalents -26‘824 12‘356
Cash and cash equivalents at beginning of period 56‘383 44‘027
Cash and cash equivalents at end of period 29‘559 56‘383
The accompanying notes form an integral part of the consolidated financial statements.
Consolidated Financial Statements 2006
of the Mikron Group
43 43