Consolidated statement of cash flows

January 1 – June 30

millions of CHF	Notes	2024	2023
Cash and cash equivalents as of January 1		130.6	313.5

Net income		5.6	7.3
Interest income	6	–0.5	–0.3
Interest expenses	6	6.1	4.2
Income tax expenses / (income)	7	1.0	1.7
Depreciation, amortization and impairments		29.0	25.6
(Gains) / losses from disposals of tangible and intangible assets		–0.7	0.0
Changes in inventory		–1.9	–6.4
Changes in advance payments to suppliers		–0.5	–0.5
Changes in contract assets		–0.9	–1.2
Changes in trade accounts receivable		–2.0	–7.3
Changes in contract liabilities		2.7	–0.2
Changes in trade accounts payable		0.7	3.8
Changes in employee benefit plans		0.1	–0.3
Changes in provisions		–1.5	–0.9
Changes in other assets and liabilities		6.4	–1.1
Other non-cash items		–4.2	–1.9
Interest received		0.4	0.3
Interest paid		–6.3	–3.1
Income tax paid		–4.6	–4.5
Total cash flow from operating activities		28.6	15.4

Purchase of intangible assets		–4.7	–1.4
Purchase of property, plant and equipment		–17.5	–18.9
Sale of property, plant and equipment		1.2	0.0
Cash consideration for acquisitions, net of cash acquired		–	–0.0
Divestitures of investments in subsidiaries		–	4.0
Purchase of current financial assets		–	–0.0
Sale of current financial assets		–	3.3
Total cash flow from investing activities		–21.0	–13.0

Dividends paid to shareholders	8	–7.8	–7.9
Purchase of treasury shares	8	–0.5	–1.0
Payments of lease liabilities		–5.8	–4.9
Proceeds from current borrowings	9	16.0	2.0
Repayments of current borrowings	9	–1.5	–156.8
Total cash flow from financing activities		0.4	–168.6

Exchange gains / (losses) on cash and cash equivalents		2.2	–1.8

Net change in cash and cash equivalents		10.1	–167.9

Cash and cash equivalents as of June 30		140.7	145.6