| CASH FLOW FROM OPERATIONS | 2018 CHF |
|---|---|
| Reduced expenditure | 45 283.03 |
| Depreciation (tangible fixed assets) | |
| Furnishings, equipment, installations | 113 409.74 |
| IT equipment | 482 770.48 |
| Intangible assets | 924 845.25 |
| Tradeshow booth | 117 043.07 |
| Depreciation (fixed assets real estate) | |
| Real estate Paris | 208 125.00 |
| Changes (working capital/provisions) | |
| Decrease accounts receivable | -439 776.43 |
| Decrease inventories and work in progress | 29 323.80 |
| Decrease prepaid expenses | 215 790.66 |
| Increase short-term liabilities | -248 340.31 |
| Increase deferred credit to income and short-term provisions | -948 372.46 |
| Changes (long-term provisions) | |
| Conversion of rented premises/chattels | 300 000.00 |
| Decrease extraordinary events Destination Switzerland | 500 000.00 |
| Increase severance payments | -396 096.98 |
| Decrease miscellaneous provisions | 35 128.65 |
| TOTAL CASH FLOW FROM OPERATIONS | 999 133.50 |
| CASH FLOW FROM INVESTMENTS | CHF |
| Financial investments | |
| Long-term receivables from third parties | 138 185.52 |
| Tangible fixed assets | |
| IT equipment | -427 424.57 |
| Intangible assets | -3 079 571.31 |
| Furnishings, equipment, installations | -73 056.03 |
| Infrastructure for presentations | -384 867.02 |
| TOTAL CASH FLOW FROM INVESTMENTS | -3 826 733.41 |
| CASH FLOW FROM FINANCIAL ACTIVITIES | CHF |
| Non-operating liabilities | |
| Increase long-term liabilities | -70 070.85 |
| TOTAL CASH FLOW FROM FINANCIAL ACTIVITIES | -70 070.85 |
| Change in cash equivalents | -2 897 670.76 |
| VERIFICATION | CHF |
| Opening balance liquid funds | 14 477 355.72 |
| Closing balance liquid funds | 11 579 684.96 |
| TOTAL CHANGE IN CASH EQUIVALENTS | -2 897 670.76 |
