Consolidated statement of changes in equity

As at 31 December 2019

In 1,000 CHF

Note

Share capital

Capital reserves

Translation reserves

Retained earnings

Total

Non- controlling interests

Total equity

Balance at 1 January 2019

 

25,000

94,101

(41)

525,571

644,631

5,657

650,288

Profit for the period

 

0

0

0

58,616

58,616

(290)

58,326

Foreign currency translation differences

 

0

0

41

0

41

0

41

Transaction with non-controlling interests

4.1

0

0

0

(8,509)

(8,509)

(4,907)

(13,416)

Dividends non-controlling interests

 

0

0

0

0

0

(460)

(460)

Dividends to shareholders

3.2

0

0

0

(40,000)

(40,000)

0

(40,000)

Balance at 31 December 2019

 

25,000

94,101

0

535,678

654,779

0

654,779

For details on transactions with non-controlling interests and changes in the Group, please refer to section 4.1 Changes in the scope of consolidation.

As at 31 December 2018 

In 1,000 CHF

Note

Share capital

Capital reserves

Translation reserves

Retained earnings

Total

Non- controlling interests

Total equity

Balance at 31 December 2017 after IFRS

 

25,000

94,101

0

682,885

801,986

4,867

806,852

Impairment model adjustment 1)

 

0

0

0

(2,506)

(2,506)

0

(2,506)

Balance at 1 Januar 2018 after IFRS

 

25,000

94,101

0

680,379

799,480

4,867

804,346

Switch from IFRS to Swiss GAAP FER

 

0

0

0

(109,030)

(109,030)

(114)

(109,143)

Balance at 1 January 2018 after Swiss GAAP FER

 

25,000

94,101

0

571,349

690,450

4,753

695,203

Profit for the period

 

0

0

0

104,489

104,489

(90)

104,399

Foreign currency translation differences

 

0

0

(41)

0

(41)

(1)

(42)

Effective portion of the changes in the fair value of cash flow hedges, net of tax

 

0

0

0

51

51

0

51

Transaction with non-controlling interests

 

0

0

0

(318)

(318)

994

676

Dividends to shareholders

3.2

0

0

0

(150,000)

(150,000)

0

(150,000)

Balance at 31 December 2018

 

25,000

94,101

(41)

525,571

644,631

5,657

650,288

1) Adoption of new impairment model for expected credit loss (ECL).  

The switch in accounting from IFRS to Swiss GAAP FER is presented in detail in the reconciliation.