Interim condensed consolidated statement of cash flows

For the six months ended 30 June
in CHF 1,000	Note	2020	2019

Profit for the period		66,708	67,264

Adjustments for:
Depreciation and amortization		29,679	24,056
Total finance result, net		–11,161	–10,857
Share of result of joint ventures and associated companies		–417	–
Tax expense		17,510	14,505
Other non-cash items		15,352	11,320
Change in trade receivables		–133,472	–173,284
Change in other receivables, prepayments and contract assets		–66,413	–282,307
Change in trade and other payables		250,556	141,821
Change in accrued expenses and contract liabilities		56,977	207,325
Income taxes paid		–18,586	–14,898

Net cash generated from/(used in) operating activities		206,734	–15,055
Purchases of tangible and intangible assets		–10,760	–11,448
Proceeds from sale of tangible and intangible assets		173	128
Purchases of financial assets		–2,959	–7,196
Loans granted		–957	–338
Loan repayments received		3,246	1,355
Interest received		674	1,037
Acquisition of businesses (net of cash)	3	–35,004	56,667

Net cash from/(used) in investing activities		–45,587	40,205
Proceeds from financial liabilities		376,816	684,875
Repayments of financial liabilities		–262,752	–704,198
Payment of contingent consideration liabilities	4	–1,556	–3,149
Purchase of treasury shares		–	–2,462
Interest paid		–4,076	–3,099
Dividends paid to owners of the parent	7	–32,460	–24,855

Net cash from/(used in) financing activities		75,972	–52,888

Net (decrease)/increase in cash and cash equivalents		237,118	–27,738
Cash and cash equivalents at beginning of period		313,490	154,142
Net foreign exchange difference on cash and cash equivalents		–10,210	516

Cash and cash equivalents at end of period		540,398	126,920