Consolidated statement of cash flows

For the period ended 31 December
in CHF 1,000	Note	2024	2023

(Loss)/Profit for the period		–1,613	21,443

Adjustments for:
Depreciation, amortisation and impairment	14,15,20	72,728	65,943
Total finance result, net	9	11,355	33,273
Share of result of associated companies		–	46
Income tax expense		33,551	41,019
Other non-cash items		8,063	–42,781
Change in trade receivables		–307,924	–357,550
Change in other receivables, prepayments and contract assets		–136,576	–22,478
Change in trade and other payables		390,648	385,574
Change in accrued expenses and contract liabilities		5,765	3,409
Changes in provisions		–11,696	–4,451
Income taxes paid		–29,612	–46,172

Net cash generated from/(used in) operating activities		34,689	77,275
Purchases of tangible and intangible assets	14,15	–68,021	–57,222
Proceeds from sale of tangible and intangible assets		–	66
Repayment of receipts from swap contracts	4.1,18	–	–10,447
Receipts from swap contracts	4.1,18	10,114	–
Loan repayments received		90	688
Interest received		4,524	3,318
Acquisition of businesses (net of cash acquired)	3	–19,390	–26,089

Net cash from/(used in) investing activities		–72,683	–89,686
Proceeds from financial liabilities	18	8,508,527	6,304,624
Repayments of financial liabilities	18	–8,342,641	–6,242,398
Payment of contingent consideration liabilities	18	–1,210	–2,921
Repurchase of treasury shares under share buyback	21	–44,644	–25,337
Proceeds from sale of treasury shares		1,828	2,008
Interest paid		–26,289	–17,188
Dividends paid to owners of the parent	23	–55,241	–54,315
Acquisition of non-controlling interest	3	–1,150	–

Net cash from/(used in) financing activities		39,180	–35,527

Net (decrease)/increase in cash and cash equivalents		1,186	–47,938
Cash and cash equivalents at beginning of period		267,389	325,791
Net foreign exchange difference on cash and cash equivalents		2,740	–10,464

Cash and cash equivalents at end of period		271,315	267,389