1.3 Consolidated cash flow statement

in CHF thousand	Notes	2020	2019
Net income for the period		14,992	10,881
Change in employee equity incentive plans		–65	39
Depreciation		9,626	10,888
Impairment and amortisation		79	2,906
Share of loss applicable to equity method		499	–
Other non-cash related income and expenses		–751	1,304
Change in trade accounts receivable		–5,477	9,161
Change in inventories		1,896	–739
Change in other receivables		4,421	–11,806
Change in accrued income and deferred expenses		–4,932	533
Change in trade payables		–75	4,179
Change in other liabilities		–13,157	–3,172
Change in accrued expenses and deferred income		1,786	–362
Change in provisions and deferred income tax		3,011	–3,006
Cash flow from operating activities		11,853	20,806

Purchase of tangible assets	3.15	–18,586	–4,655
Proceeds from disposals of tangible assets		87	83
Purchase of intangible assets	3.16	–520	–786
Purchase of participations		–4,232	–
Foundation of subsidiary		–	20
Proceeds from disposals of other assets		56	9
Cash flow from investing activities		–23,195	–5,329

Increase of financial liabilities		250	–
Repayment of financial liabilities		–65	–
Purchase of company's own shares	3.25	–1	–
Dividends paid to minorities		–2,589	–62
Dividends paid	3.27	–11,757	–11,753
Cash flow from financing activities		–14,162	–11,815

Exchange differences		–236	–918

Change in cash and cash equivalents		–25,740	2,744

Cash and cash equivalents at 1 January		102,738	99,994
Cash and cash equivalents at 31 December		76,998	102,738

The disclosures form an integral part of the financial report.