Consolidated Statement of Cash Flows

For the period ended 31 December
in CHF 1,000	Note	2021	2020

Profit for the period		120,066	176,761

Adjustments for:
Depreciation, amortization and impairment	15, 16, 21	55,341	55,162
Total finance result, net	9	–49,427	–80,225
Share of result of joint ventures and associated companies		–	–764
Tax expense		34,199	37,042
Other non-cash items		–26,324	27,510
Change in trade receivables		–143,972	126,083
Change in other receivables, prepayments and contract assets		–40,448	–6,317
Change in trade and other payables		187,890	97,903
Change in accrued expenses and contract liabilities		23,085	–117,493
Changes in provisions		23,082	–4,990
Income taxes paid		–25,445	–34,403

Net cash generated from/(used in) operating activities		158,047	276,269
Purchases of tangible and intangible assets	15, 16	–33,283	–22,822
Proceeds from sale of tangible and intangible assets		228	760
Purchases of financial assets		–	–2,959
Loans granted		–	–374
Loan repayments received		1,104	3,386
Interest received		1,016	3,297
Acquisition of businesses (net of cash)	3	–112,737	–45,512
Acquisition of investment in associates		–1,226	–

Net cash from/(used) in investing activities		–144,898	–64,224
Proceeds from financial liabilities	19	3,664,595	659,700
Repayments of financial liabilities	19	–3,704,883	–694,397
Payment of contingent consideration liabilities	19	–1,895	–2,824
Interest paid		–6,351	–9,219
Dividends paid to owners of the parent	24	–46,396	–32,460

Net cash from/(used in) financing activities		–94,930	–79,200

Net (decrease)/increase in cash and cash equivalents		–81,781	132,845
Cash and cash equivalents at beginning of period		434,941	313,490
Net foreign exchange difference on cash and cash equivalents		–2,808	–11,394

Cash and cash equivalents at end of period		350,352	434,941