Annual Report

Consolidated Cash Flow Statement
Group Financial Statements
HUBER+SUHNER Annual Report 2010 · Part 2
in CHF 1000 Notes 2010 2009
Net income 79 010 48 356
Income tax expense 20 170 8 294
Net income before taxes 99 180 56 650
Depreciation and impairment of property, plant and equipment and investment property 27, 29 33 473 27 390
Amortisation and impairment of intangible and financial assets 30, 31 6 484 2 554
Other non-cash items (256) (5 986)
Gain on disposal of property, plant and equipment 0 (2 531)
Gain on disposal of business units 5, 8 (193) 0
Change in trade receivables (30 900) 10 652
Change in inventories (50 789) 21 364
Change in other current assets (7 102) (4 272)
Change in trade payables 16 584 6 079
Change in provisions and other current liabilities 11 247 (4 891)
Income tax paid (19 242) (12 272)
Interest paid (78) (46)
Net cash from operating activities 58 408 94 691
Purchases of property, plant and equipment 27 (30 430) (33 925)
Proceeds from disposal of property, plant and equipment 579 2 776
Proceeds from disposal of business units 5, 8 2 535 0
Purchases of intangible assets 30 (8 211) (969)
Purchases/sales of financial assets 9 568 (54)
Purchases/sales of marketable securities and derivative financial instruments 20 (764) (7 815)
Received marketable securities 556 268
Interest received 1 557 1 247
Net cash from investing activities (24 610) (38 472)
Payment of dividend (15 219) (19 318)
Payment/repayment of short-term debt 33 (77) (1 517)
Payment/repayment of long-term debt 36 (117) (6)
Purchase/sale of treasury shares 37 13 541 (9 203)
Net cash from financing activities (1 872) (30 044)
Effect of exchange rate changes on cash (4 911) 771
Net change in cash and cash equivalents 27 015 26 946
Cash and cash equivalents at beginning of year 136 135 109 189
Cash and cash equivalents at end of year 19 163 150 136 135
Net change in cash and cash equivalents 27 015 26 946
The notes are an integral part of the consolidated financial statements.
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