in CHF mn

 

Notes

 

2014

 
2015  

Operating activities

 

 

 

Profit before taxes 

 

590.6

621.9

Depreciation/amortization

 

165.1

164.0

Increase (+)/decrease (-) in provisions/employee benefit obligation and assets

 

-0.2

-1.7

Increase (-)/decrease (+) in net working capital

 

-39.2

-28.4

Other adjustments

26

3.3

2.6

Income taxes paid

 

-165.2

-172.6

Cash flow from operating activities

 

554.4

585.8
in CHF mn   Notes   2014   2015  

Investing activities

 

 

 

Property, plant, and equipment: capital expenditures

 

-145.5

-135.6

Property, plant, and equipment: disposals

 

15.8

8.2

Intangible assets: capital expenditures

 

-7.2

-7.0

Intangible assets: disposals

  0.0 0.1

Intangible assets: capital expenditures

 

-68.8

-69.5

Acquisitions (-)/disposals (+) of financial assets

 

1.1

-2.5

Cash flow from investing activities

 

-204.6

-206.3
in CHF mn   Notes   2014   2015  

Financing activities

 

 

 

Increase in financial liabilities

 

3.3

5.7

Repayment of financial liabilities

 

-29.9

-12.6

Repayment of a bond

 

-300.0

0.0

Purchase of treasury shares

 

-24.2

-19.1

Disposals in treasury shares

 

22.3

22.0

Dividend payment to shareholders of Sika AG

 

-144.6

-182.8

Dividends related to non-controlling interests

 

-0.9

0.0

Purchase of non-controlling interests

 

-6.0

0.0

Cash flow from financing activities

 

-480.0

-186.8
in CHF mn   Notes   2014   2015  

Exchange differences on cash and cash equivalents

 

0.7

-17.1

Net change in cash and cash equivalents

 

-129.5

175.6

Cash and cash equivalents at the beginning of the year

 

1,028.3

898.8

Cash and cash equivalents at the end of the year

 

898.8

1,074.4

Cash flow from operating activities contains:

 

 

 

Dividends from associated companies

 

0.6

1.6

Interest received

 

2.5

3.5

Interest paid

 

-29.6

-19.2