Interim condensed consolidated statement of cash flows

For the six months ended 30 June
in CHF 1,000	Note	2021	2020

Profit for the period		38,336	66,708

Adjustments for:
Depreciation and amortization		27,206	29,679
Total finance result, net		9,637	–11,161
Share of result of joint ventures and associated companies		–	–417
Tax expense		17,364	17,510
Other non-cash items 1)	2	–7,052	12,791
Change in trade receivables 1)	2	–218,834	–67,946
Change in other receivables, prepayments and contract assets 1)	2	–56,156	–46,663
Change in trade and other payables 1)	2	145,671	195,792
Change in accrued expenses and contract liabilities 1)	2	21,542	32,328
Change in provisions 1)		3,419	–3,302
Income taxes paid		–13,493	–18,586

Net cash generated from/(used in) operating activities		–32,360	206,734
Purchases of tangible and intangible assets		–14,290	–10,760
Proceeds from sale of tangible and intangible assets		165	173
Purchases of financial assets		–	–2,959
Loans granted		–	–957
Loan repayments received		116	3,246
Interest received		314	674
Acquisition of businesses (net of cash)	3	–34,778	–35,004

Net cash from/(used) in investing activities		–48,473	–45,587
Proceeds from financial liabilities		1,340,950	376,816
Repayments of financial liabilities		–1,371,197	–262,752
Payment of contingent consideration liabilities	4	–708	–1,556
Interest paid		–4,054	–4,076
Dividends paid to owners of the parent	7	–46,396	–32,460

Net cash from/(used in) financing activities		–81,405	75,972

Net (decrease)/increase in cash and cash equivalents		–162,238	237,118
Cash and cash equivalents at beginning of period		434,941	313,490
Net foreign exchange difference on cash and cash equivalents		3,612	–10,210

Cash and cash equivalents at end of period		276,315	540,398

1) Prior-year figures restated, refer to Note 2 Change in presentation