Tecan

Interim consolidated statement of cash flows

January to June, CHF 1,000

Notes

2012
Restated

2013

Profit for the period

 

17,664

16,480

    

Adjustments for:

 

 

 

Depreciation and amortization

 

4,829

5,160

Change in provisions and liability for post-employment benefits

 

1,415

1,522

Interest income

 

(56)

(51)

Interest expenses

 

95

64

Income taxes

 

4,199

3,936

Equity-settled share-based payment transactions

 

1,681

933

Other non-cash items

 

203

728

 

 

  

Change in working capital:

   

Trade accounts receivable

 

8,837

18,702

Inventories

5

(30,384)

(23,189)

Trade accounts payable

 

(3,788)

(1,148)

Other changes in working capital (net)

 

(4,085)

(8,665)

    

Income taxes paid

 

(8,632)

(8,984)

    

Cash (out)/inflows from operating activities

 

(8,022)

5,488

    

Interest received

 

55

50

Acquisition of Tecan Australia Pty Ltd, net of cash acquired

4

(119)

Earn-out paid

4

(145)

Purchase of property, plant and equipment

 

(3,438)

(2,059)

Proceeds from sale of property, plant and equipment

 

92

40

Investment in intangible assets

 

(2,193)

(4,806)

 

 

  

Cash outflows from investing activities

 

(5,603)

(6,920)

    

Dividends paid

 

(13,532)

(16,488)

Proceeds from sale of treasury shares

 

1,139

6,825

Change in current bank liabilities

 

(18)

3,977

Increase in bank loans

 

461

234

Interest paid

 

(96)

(64)

 

 

  

Cash outflows from financing activities

 

(12,046)

(5,516)

    

Effect of exchange rate fluctuations on cash held

 

(132)

147

    

Decrease in cash and cash equivalents

 

(25,803)

(6,801)

 

 

 

 

Cash and cash equivalents at January 1

 

165,089

144,520

Cash and cash equivalents at June 30

 

139,286

137,719

 

   

Cash and cash equivalents as per cash flow statement
comprise:

   

Cash and cash equivalents as per balance sheet

 

139,286

137,719

./. Bank overdrafts under bank pooling arrangements

 

= Cash and cash equivalents as per cash flow statement

 

139,286

137,719

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