24. Retained earnings
The non-distributable retained earnings of the CPH Group amounted to CHF 17.2 million at the end of 2022 (prior year: CHF 17.2 million).
Goodwill arising from acquisitions is offset against retained earnings in shareholders’ equity at the time of the acquisition. The impact of a theoretical capitalization of goodwill, applying a five-year useful life, on the consolidated balance sheet and income statement is shown below:
in CHF thousands | Note | | 2023 | | 2022 |
Goodwill at cost at 1 January | | | 63 021 | | 63 021 |
Additions | 32 | | 1 019 | | - |
Goodwill at cost at 31 December | | | 64 040 | | 63 021 |
Accumulated amortization and impairment at 1 January | | | ‑ 61 921 | | ‑ 61 032 |
Theoretical goodwill amortization | | | ‑ 637 | | ‑ 889 |
Accumulated amortization and impairment at 31 December | | | ‑ 62 558 | | ‑ 61 921 |
Theoretical carrying value at 1 January | | | 1 100 | | 1 989 |
Theoretical carrying value at 31 December | | | 1 482 | | 1 100 |
| | | | | |
| | | | | |
in CHF thousands | | | 2023 | | 2022 |
Net result | | | 79 006 | | 101 042 |
Theoretical goodwill amortization | | | ‑ 637 | | ‑ 889 |
Theoretical net result | | | 78 369 | | 100 153 |
| | | | | |
| | | | | |
in CHF thousands | | | 31.12.2023 | | 31.12.2022 |
Shareholders’ equity | | | 436 271 | | 399 567 |
Theoretical carrying value of goodwill | | | 1 482 | | 1 100 |
Theoretical shareholders’ equity | | | 437 753 | | 400 667 |
