Consolidated statement of cash flows

For the period ended 31 December
in CHF 1,000	Note	2023	2022

Profit/(Loss) for the period		21,443	–58,334

Adjustments for:
Depreciation and amortisation	14,15,20	65,943	58,554
Total finance result, net	9	33,273	92,219
Share of result of associated companies		46	181
Income tax expense		41,019	44,294
Other non-cash items		–42,781	16,095
Change in trade receivables		–357,550	–93,697
Change in other receivables, prepayments and contract assets		–22,478	–117,406
Change in trade and other payables		385,574	172,513
Change in accrued expenses and contract liabilities		3,409	–5,079
Changes in provisions		–4,451	10,854
Income taxes paid		–46,172	–29,126

Net cash generated from/(used in) operating activities		77,275	91,068
Purchases of tangible and intangible assets	14,15	–57,222	–47,263
Proceeds from sale of tangible and intangible assets		66	258
Proceeds from sale of financial assets and receipts from swap contracts		–	115,499
Repayment of receipts from swap contracts	4.1,18	–10,447	–
Loan repayments received		688	432
Interest received		3,318	1,507
Acquisition of businesses (net of cash acquired)	3	–26,089	–78,432
Sale of subsidiaries (net of cash disposed)	3	–	–3,793

Net cash from/(used) in investing activities		–89,686	–11,792
Proceeds from financial liabilities	18	6,304,624	3,153,745
Repayments of financial liabilities	18	–6,242,398	–3,184,865
Payment of contingent consideration liabilities	18	–2,921	–2,542
Repurchase of treasury shares under share buyback	21	–25,337	–
Proceeds from sale of treasury shares		2,008	–
Interest paid		–17,188	–11,941
Dividends paid to owners of the parent	23	–54,315	–51,109
Acquisition of non-controlling interests		–	–729

Net cash from/(used in) financing activities		–35,527	–97,441

Net (decrease)/increase in cash and cash equivalents		–47,938	–18,165
Cash and cash equivalents at beginning of period		325,791	350,352
Net foreign exchange difference on cash and cash equivalents		–10,464	–6,396

Cash and cash equivalents at end of period		267,389	325,791