 |
in CHF 1 000
|
Note
|
2007
|
2006
|
|
| Net income |
|
46 090 |
39 026 |
|
| Income taxes |
23 |
9 959 |
8 523 |
|
| Interest result |
22 |
- 109 |
140 |
|
| Depreciation of property, plant and equipment |
9 |
9 983 |
9 110 |
|
| Amortization of intangible assets |
10 |
2 152 |
708 |
|
| Income from the sale of property, plant and equipment |
9 |
- 30 |
- 108 |
|
| Other non-cash items |
|
- 991 |
839 |
|
| Change in accounts receivable and other current assets |
6, 7 |
- 2 747 |
- 7 083* |
|
| Change in inventories |
8 |
- 1 092 |
- 8 495 |
|
| Change in accounts payable and other current liabilities |
13, 14 |
- 4 996 |
9 019 |
|
| Change in provisions |
15 |
- 60 |
333 |
|
| Paid income taxes |
|
- 10 914 |
- 4 933 |
|
| Cash flow from operating activities |
|
47 246 |
47 079 |
 |
|
|
|
|
| Investments in property, plant and equipment |
9 |
- 12 410 |
- 6 173 |
|
| Investments in intangible assets |
10 |
- 3 245 |
- 1 651 |
|
| Disposal of financial assets |
5 |
13 |
53 |
|
| Disposal of property, plant and equipment |
9 |
136 |
240 |
|
| Interest received |
|
1 781 |
1 363 |
|
| Acquisition of companies minus acquired cash and cash equivalents |
2 |
0 |
- 5 081* |
|
| Cash flow from investing activities |
|
- 13 724 |
- 11 250 |
|
|
|
|
|
| Free cash flow |
|
33 522 |
35 829 |
|
|
|
|
|
| Nominal share capital repayment |
17 |
- 5 798 |
0 |
|
| Purchase of own shares |
17 |
- 98 |
- 494 |
|
| Purchase of own shares (via share buyback program) |
17 |
- 47 015 |
0 |
|
| Sale of own shares |
17 |
3 831 |
0 |
|
| Dividends paid |
17 |
- 19 236 |
- 19 234 |
|
| Interest paid |
|
- 1 549 |
- 1 489 |
|
| Bank loans taken out /repaid |
12 |
9 887 |
- 2 510 |
|
| Cash flow from financing activities |
|
- 59 978 |
- 23 727 |
|
|
|
|
|
|
| Translation adjustments |
|
- 41 |
- 272 |
|
|
|
|
|
| Net cash and cash equivalents decrease /increase |
|
- 26 497 |
11 829 |
|
|
|
|
|
| Net cash and cash equivalents at beginning of period |
|
52 905 |
41 076 |
|
| Net cash and cash equivalents at end of period |
4 |
26 408 |
52 905 |
|
* An advance payment for the acquisition of BELIMO Servomotori S.r.l.(Italy), which was effected on January 1, 2007
has been reclassified from other current assets to cash flow from investing activities. |
