Downloads

Consolidated statement of changes in equity

Figures in CHF thousand

Organisation capital

Capital reserves

Retained earnings

Consolidated earnings

Non-controlling interest

Total

 

 

 

 

 

 

 

Equity as at 31.12.2019

70,000

405,601

1,841,287

435,977

2,214

2,755,079

Appropriation of net income

 

 

435,977

−435,977

 

0

Dividend payment

 

 

−3,500

 

 

−3,500

Profit/loss for the period

 

 

 

154,713

−191

154,522

Equity as at 31.12.2020

70,000

405,601

2,273,764

154,713

2,023

2,906,101

Figures in CHF thousand

Organisation capital

Capital reserves

Retained earnings

Consolidated earnings

Non-controlling interest

Total

 

 

 

 

 

 

 

Equity as at 31.12.2020

70,000

405,601

2,273,764

154,713

2,023

2,906,101

Valuation adjustments to investments1

 

 

61,120

 

 

61,120

Appropriation of net income

 

 

154,713

−154,713

 

0

Dividend payment

 

 

−3,500

 

 

−3,500

Profit/loss for the period

 

 

 

231,222

158

231,380

Equity as at 31.12.2021

70,000

405,601

2,486,097

231,222

2,181

3,195,101

1

To improve the transparency of the financial statements, the valuation of the bonds as at 31 December 2021 was converted to a market valuation, which is the preferred option from a “true and fair view” perspective.

Equity is composed of the following positions:

Organisation capital

This is the nominal amount of share capital. The share capital is divided into 70,000 ordinary registered shares with a par value of CHF 1,000 each.

Capital reserves

Capital reserves are payments in excess of the nominal amount (surplus).

Retained earnings

Retained earnings refers to accumulated equity capital in the form of earnings that are kept and not distributed from previous years.