73 / 144
CHF million
Notes
2016
2015
Net profit
133.8
68.7
Dividend income
–0.4
–0.1
Interest income
(9)
–1.5
–0.7
Interest expenses
(10)
12.5
12.3
Income tax expenses
(11)
60.4
40.5
Depreciation, amortization and impairment
(8)
73.6
65.1
Share of profit of associated companies
(15)
–3.1
–1.9
Gain and loss from disposal of tangible assets, net
–2.8
–
Other non-cash income and expenses
9.8
3.6
Change in net working capital
2.5
–48.7
Change in post-employment benefit assets and liabilities
0.3
–0.1
Change in non-current provisions
7.5
11.2
Change in operating receivables within other non-current assets
–3.9
4.3
Change in operating liabilities within other non-current liabilities
2.9
3.1
Gain from disposal of subsidiary or business
(3)
–33.2
–
Dividends received
0.4
0.1
Interest received
1.5
0.7
Interest paid
–11.3
–12.0
Income taxes paid
–54.9
–34.4
Cash flows from operating activities
194.1
111.7
Investments in tangible assets
(13)
–137.5
–119.1
Investments in intangible assets
(14)
–0.9
–1.5
Investments in associated companies
(15)
–
–0.5
Investments in non-current financial assets
–2.5
–2.3
Investments in current financial assets
–1.2
–
Proceeds from disposal of tangible assets
6.2
0.8
Proceeds from disposal of subsidiary or business, net of cash disposed of
1
(3)
43.2
–0.5
Cash flows used in investing activities
–92.8
–123.1
Dividends paid to shareholders of Autoneum Holding Ltd
–20.9
–20.8
Dividends paid to non-controlling interests
–29.8
–17.3
Proceeds from capital increase
0.1
0.1
Purchase of treasury shares
–0.1
–0.1
Proceeds from borrowings
102.3
10.7
Repayment of borrowings
–80.1
–16.0
Cash flows used in financing activities
–28.6
–43.5
Currency translation adjustment
–1.6
–7.3
Change in cash and cash equivalents
71.1
–62.2
Cash and cash equivalents at beginning of the year
78.7
140.9
Cash and cash equivalents at end of the year
(20)
149.8
78.7
1
Includes the proceeds from the disposal of the UGN business in Chicago Heights (Illinois), USA as disclosed in note 3 on page 84 and a deferred purchase
price payment in the amount of CHF 0.8 million (2015: CHF –0.5 million) from a transaction in 2014.
The accompanying notes on pages 70–111 are part of the consolidated financial statements.
Consolidated statement of cash flows
69
Autoneum
Financial Report 2016
Consolidated Financial Statements