Consolidated financial statements

Consolidated statement of changes in equity

in CHF thousand	Share capital	Capital reserves	Treasury shares	Goodwill	Retained earnings	Equity excluding minorities	Minorities	Equity including minorities
As at 31.12.2019	12 000	4 174	– 45	– 61 736	485 318	439 711	1 578	441 289
Distribution to shareholders						0	– 16	– 16
Purchases in minorities				– 1 285		– 1 285	– 315	– 1 600
Nominal value reduction	– 10 800	2				– 10 798		– 10 798
Net result for the year					46 901	46 901	62	46 963
Treasury share purchases			– 1 543			– 1 543		– 1 543
Treasury share sales		– 20	1 375			1 355		1 355
Share-based compensation		– 6	186			180		180
Currency translation effects					– 3 805	– 3 805	– 158	– 3 963
As at 31.12.2020	1 200	4 150	– 27	– 63 021	528 414	470 716	1 151	471 867
Distribution to shareholders		– 4 200			– 6 598	– 10 798	0	– 10 798
Net result for the year					– 151 559	– 151 559	149	– 151 410
Treasury share purchases			– 394			– 394		– 394
Treasury share sales		– 6	241			235		235
Share-based compensation			180			180		180
Currency translation effects					746	746	68	814
As at 31.12.2021	1 200	– 56	0	– 63 021	371 003	309 126	1 368	310 494

The statutory reserves of the holding company and its subsidiaries as at 31 December 2021 amounted to CHF 27.4 million (prior year: CHF 24.0 million). Of this amount, CHF 17.2 million (prior year: CHF 9.5 million) cannot be distributed.

The company held no treasury shares as at 31 December 2021 (prior year: 376 shares). For further details see Note 34.

Goodwill amounting to CHF 1.3 million was offset against equity in 2020 as a result of the acquisitions of minority holdings (see also Notes 16 and 29).

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