Consolidated statement of changes in equity

As at 31 December 2018 (unaudited)

In 1,000 CHF

Note

Share capital

Share premium

Translation reserves 3)

Retained earnings 1) 3)

Total

Non- controlling interests

Total equity

Balance at 31 December 2017

 

25,000

94,101

0

682,885

801,986

4,867

806,852

Impairment model adjustment 2)

 

0

0

0

(2,506)

(2,506)

0

(2,506)

Switch from IFRS to Swiss GAAP FER

 

0

0

0

(109,030)

(109,030)

(114)

(109,143)

Balance at 1 January 2018

 

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) Hedging reserves totalling CHF -51,000 are recognised as part of retained earnings.  

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

3) The retained earnings in the balance sheet comprise the above presented translation reserves and retained earnings.  

As at 30 June 2019 (unaudited)

In 1,000 CHF

Note

Share capital

Share premium

Translation reserves*

Retained earnings*

Total

Non- controlling interests

Total equity

Balance at 31 December 2018

 

25,000

94,101

(41)

525,571

644,631

5,657

650,288

 

 

 

 

 

 

 

 

 

Profit for the period

 

0

0

0

34,568

34,568

(263)

34,305

Foreign currency translation differences

 

0

0

(4)

0

(4)

0

(4)

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

 

0

0

0

0

0

0

0

Transaction with non-controlling interests

 

0

0

0

0

0

(746)

(746)

Dividends to shareholders

3.2

0

0

0

(40,000)

(40,000)

0

(40,000)

Balance at 30 June 2019

 

25,000

94,101

(45)

520,138

639,194

4,647

643,841

* The retained earnings in the balance sheet comprise the above presented translation reserves and retained earnings.  

As at 30 June 2018 (unaudited)

In 1,000 CHF

Note

Share capital

Share premium

Translation reserves 3)

Retained earnings 1) 3)

Total

Non- controlling interests

Total equity

Balance at 31 December 2017

 

25,000

94,101

0

682,885

801,986

4,867

806,852

Impairment model adjustment 2)

 

0

0

0

(2,506)

(2,506)

0

(2,506)

Switch from IFRS to Swiss GAAP FER

 

0

0

0

(109,030)

(109,030)

(114)

(109,143)

Balance at 1 January 2018

 

25,000

94,101

0

571,349

690,450

4,753

695,203

 

 

 

 

 

 

 

 

 

Profit for the period

 

0

0

0

44,947

44,947

(392)

44,555

Foreign currency translation differences

 

0

0

0

0

0

0

0

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

 

0

0

0

20

20

0

20

Transaction with non-controlling interests

 

0

0

0

0

0

0

0

Dividends to shareholders

3.2

0

0

0

(150,000)

(150,000)

0

(150,000)

Balance at 30 June 2018

 

25,000

94,101

0

466,317

585,418

4,361

589,779

1) Hedging reserves totalling CHF -31,000 are recognised as part of retained earnings.  

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

3) The retained earnings in the balance sheet comprise the above presented translation reserves and retained earnings.