Tecan

Interim consolidated cash flow statement

January to June, CHF 1,000Notes20112012
Profit for the period23,31217,521
Adjustments for:
Depreciation and amortization4,4464,829
Change in provisions and liability for post-employment benefits2,0601,585
Interest income(198)(56)
Interest expenses8095
Income taxes3,6934,172
Equity-settled share-based payment transactions1,4681,681
Other non-cash items426203
Change in working capital:
Trade accounts receivable4,7528,837
Inventories5(10,642)(30,384)
Trade accounts payable(898)(3,788)
Other changes in working capital (net)(5,685)(4,085)
Income taxes paid(4,786)(8,632)
Cash in/(out)flows from operating activities18,028(8,022)
Investment in time deposits(30,000)
Interest received16755
Acquisition of Tecan Australia Pty Ltd, net of cash acquired4(119)
Purchase of property, plant and equipment(2,772)(3,438)
Proceeds from sale of property, plant and equipment2192
Investment in intangible assets(2,005)(2,193)
Cash outflows from investing activities(34,589)(5,603)
New shares issued upon exercise of employee share options285
Dividends paid(10,771)(13,532)
Proceeds from sale of treasury shares1,0071,139
Change in current bank liabilities(83)(18)
Increase in bank loans461
Repayment of bank loans(507)
Interest paid(68)(96)
Cash outflows from financing activities(10,137)(12,046)
Translation differences(1,904)(132)
Decrease in cash and cash equivalents(28,602)(25,803)
Cash and cash equivalents at January 1116,879165,089
Cash and cash equivalents at June 3088,277139,286
Cash and cash equivalents as per cash flow statement comprise:
Cash and cash equivalents as per balance sheet88,404139,286
./. Bank overdrafts under bank pooling arrangements(127)
= Cash and cash equivalents as per cash flow statement88,277139,286

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