69 / 130
CHF million
Notes
2015
2014
Net profit
68.7
102.8
Dividend income
–0.1
–0.2
Interest income
(9)
–0.7
–0.8
Interest expenses
(10)
12.3
13.8
Income tax expenses
(11)
40.5
17.3
Depreciation and amortization
(8)
65.1
66.5
Share of profit of associated companies
(15)
–1.9
–0.4
Other non-cash income and expenses
3.6
–4.8
Change in net working capital
–48.7
–12.0
Change in post-employment benefit assets and liabilities
–0.1
–2.4
Change in non-current provisions
11.2
9.2
Change in operating receivables within other non-current assets
4.3
–9.8
Change in operating liabilities within other non-current liabilities
3.1
–0.5
Gain from disposal of subsidiary or business
(3)
-
–1.8
Dividends received
0.1
0.2
Interest received
0.7
0.8
Interest paid
–12.0
–13.8
Income taxes paid
–34.4
–25.9
Cash flows from operating activities
111.7
138.2
Investments in tangible assets
(13)
–119.1
–98.7
Investments in intangible assets
(14)
–1.5
–3.1
Investments in non-current financial assets
–1.5
–1.2
Proceeds from disposal of tangible assets
0.8
3.1
Proceeds from disposal of subsidiary or business, net of cash disposed of
(3)
–0.5
–8.0
Investments in associated companies
(15)
–0.5
–0.6
Investments in non-consolidated companies
–0.7
–0.8
Investments in current financial assets
-
–0.5
Proceeds from sale of current financial assets
-
1.1
Cash flows used in investing activities
–123.1
–108.8
Dividends paid to shareholders of Autoneum Holding Ltd
–20.8
–6.0
Dividends paid to non-controlling interests
–17.3
–16.3
Proceeds from capital increase
0.1
4.8
Purchase of treasury shares
–0.1
–4.7
Proceeds from borrowings
10.7
48.5
Repayment of borrowings
–16.0
–16.3
Repayment of subordinated shareholder loans
-
–25.0
Cash flows used in financing activities
–43.5
–15.0
Currency translation adjustment
–7.3
8.5
Change in cash and cash equivalents
–62.2
22.9
Cash and cash equivalents at beginning of the year
140.9
117.9
Cash and cash equivalents at end of the year
(20)
78.7
140.9
The accompanying notes on pages 66–102 are part of the consolidated financial statements.
Consolidated statement of cash flows
65
Autoneum
Financial Report 2015
Consolidated financial statements