Interim condensed consolidated statement of cash flows

For the six months ended 30 June
in CHF 1,000	Note	2022	2021

(Loss)/Profit for the period		–60,436	38,336

Adjustments for:
Depreciation and amortization		28,447	27,206
Total finance result, net		62,979	9,637
Share of result of associated companies		88	–
Income tax expense		14,768	17,364
Other non-cash items		41,790	–7,052
Change in trade receivables		–466,311	–218,834
Change in other receivables, prepayments and contract assets		–123,606	–56,156
Change in trade and other payables		230,633	145,671
Change in accrued expenses and contract liabilities		–7,189	21,542
Change in provisions		4,023	3,419
Income taxes paid		–17,505	–13,493

Net cash generated from/(used in) operating activities		–292,319	–32,360
Purchases of tangible and intangible assets		–22,554	–14,290
Proceeds from sale of tangible and intangible assets		119	165
Proceeds from sale of financial assets	4	68,101	–
Loan repayments received		–	116
Interest received		796	314
Acquisition of businesses (net of cash acquired)	3	–76,904	–34,778
Sale of subsidiaries (net of cash disposed)	3	–3,793	–

Net cash from/(used) in investing activities		–34,235	–48,473
Proceeds from financial liabilities		1,425,389	1,340,950
Repayments of financial liabilities		–1,222,786	–1,371,197
Payment of contingent consideration liabilities	4	–334	–708
Interest paid		–4,271	–4,054
Dividends paid to owners of the parent	7	–51,109	–46,396

Net cash from/(used in) financing activities		146,889	–81,405

Net (decrease)/increase in cash and cash equivalents		–179,665	–162,238
Cash and cash equivalents at beginning of period		350,352	434,941
Net foreign exchange difference on cash and cash equivalents		–1,100	3,612

Cash and cash equivalents at end of period		169,587	276,315