| CASH FLOW FROM OPERATIONS | 2017 CHF |
|---|---|
| Reduced expenditure | 8 091.36 |
| Depreciation (tangible fixed assets) | |
| Furnishings, equipment, installations | 153 203.49 |
| IT equipment | 410 911.27 |
| Intangible assets | 308 931.00 |
| Tradeshow booth | 104 984.25 |
| Depreciation (fixed assets real estate) | |
| Real estate Paris | 208 125.00 |
| Changes (working capital/provisions) | |
| Decrease accounts receivable | 415 661.21 |
| Decrease inventories and work in progress | 39 806.48 |
| Decrease prepaid expenses | 308 385.86 |
| Increase short-term liabilities | 756 862.02 |
| Increase deferred credit to income and short-term provisions | 2 073 003.59 |
| Changes (long-term provisions) | |
| Conversion of rented premises/chattels | 310’000.00 |
| Increase severance payments | -88 846.26 |
| Decrease miscellaneous provisions | -13 713.98 |
| TOTAL CASH FLOW FROM OPERATIONS | 4 995’405.29 |
| CASH FLOW FROM INVESTMENTS | CHF |
| Financial investments | |
| Long-term receivables from third parties | 13 411.37 |
| Tangible fixed assets | |
| IT equipment | -509 703.11 |
| Intangible assets | -1 544 655.00 |
| Furnishings, equipment, installations | -48 826.26 |
| Infrastructure for presentations | -486 917.64 |
| TOTAL CASH FLOW FROM INVESTMENTS | -2 576 690.64 |
| CASH FLOW FROM FINANCIAL ACTIVITIES | CHF |
| Non-operating liabilities | |
| Increase long-term liabilities | 14 489.10 |
| TOTAL CASH FLOW FROM FINANCIAL ACTIVITIES | 14 489.10 |
| Change in cash equivalents | 2 433 203.75 |
| VERIFICATION | CHF |
| Opening balance liquid funds | 12 044 151.97 |
| Closing balance liquid funds | 14 477 355.72 |
| TOTAL CHANGE IN CASH EQUIVALENTS | 2 433 203.75 |
