Consolidated financial statements

Consolidated statement of changes in shareholders’ equity

in CHF thousands	Share capital	Capital reserves	Treasury shares	Retained earnings				Total shareholders’ equity without minorities	Minorities	Total shareholders’ equity
in CHF thousands	Share capital	Capital reserves	Treasury shares	Retained earnings, gross	Currency translation	Goodwill	Total	Total shareholders’ equity without minorities	Minorities	Total shareholders’ equity
Shareholders’ equity as at 1 January 2021	1 200	4 150	‑ 27	550 753	‑ 22 339	‑ 63 021	465 393	470 716	1 151	471 867
Distribution to shareholders		‑ 4 200		‑ 6 598			‑ 6 598	‑ 10 798		‑ 10 798
Net result				‑ 151 559			‑ 151 559	‑ 151 559	149	‑ 151 410
Share-based remuneration			180				-	180		180
Sale of treasury shares		‑ 6	241				-	235		235
Purchase of treasury shares			‑ 394				-	‑ 394		‑ 394
Currency translation					746		746	746	68	814
Shareholders’ equity as at 31 December 2021	1 200	‑ 56	-	392 596	‑ 21 593	‑ 63 021	307 982	309 126	1 368	310 494
Distribution to shareholders				‑ 7 800			‑ 7 800	‑ 7 800		‑ 7 800
Net result for the period				100 953			100 953	100 953	89	101 042
Share-based remuneration			213				-	213		213
Purchase of treasury shares			‑ 213				-	‑ 213		‑ 213
Currency translation					‑ 4 069		‑ 4 069	‑ 4 069	‑ 100	‑ 4 169
Shareholders’ equity as at 31 December 2022	1 200	‑ 56	-	485 749	‑ 25 662	‑ 63 021	397 066	398 210	1 357	399 567

See also Note 22, Share capital, Note 23, Treasury shares and Note 24, Retained earnings.