Consolidated statements of changes in equity in CHF m

at 31 December 2019 and 2018

 

 

Other reserves

 

 

 

 

Total share capital

 

Treasury shares (par value)

 

Share premium reserves

 

Hedging reserves

 

Cumulative translation reserves

 

Total other reserves

 

Retained earnings

 

Total attributable to equity holders

 

Non- controlling interests

 

Total equity

1

The impact of the changes in accounting policy include CHF 4 million (net of tax) related to the implementation of IFRS 9.

2

The impact of the changes in accounting policy include CHF 1 million related to the implementation of IFRS 16 (see note 1.04).

Balance 31 December 2017

 

1 228

 

–10

 

1 171

 

5

 

–1 093

 

83

 

1 459

 

2 760

 

179

 

2 939

Changes in accounting policy1

 

 

 

 

 

 

 

 

 

 

 

 

–4

 

–4

 

 

 

–4

Balance 1 January 2018

 

1 228

 

–10

 

1 171

 

5

 

–1 093

 

83

 

1 455

 

2 756

 

179

 

2 935

Net income

 

 

 

 

 

 

 

 

 

 

 

 

337

 

337

 

19

 

356

Cash flow hedge

 

 

 

 

 

 

 

–1

 

 

 

–1

 

 

 

–1

 

 

 

–1

Net investment hedge

 

 

 

 

 

 

 

 

 

28

 

28

 

 

 

28

 

 

 

28

Remeasurements:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial gain/loss on retirement benefit obligations (see note 20)

 

 

 

 

 

 

 

 

 

 

 

 

126

 

126

 

 

 

126

Return on retirement benefit plan assets, excluding amount included in interest expense (see note 20)

 

 

 

 

 

 

 

 

 

 

 

 

–149

 

–149

 

 

 

–149

Deferred tax on remeasurements (see note 10)

 

 

 

 

 

 

 

 

 

 

 

 

1

 

1

 

 

 

1

Currency translation differences

 

 

 

 

 

 

 

 

 

–136

 

–136

 

 

 

–136

 

–10

 

–146

Fair value adjustment on financial assets

 

 

 

 

 

 

 

 

 

 

 

 

2

 

2

 

 

 

2

Effect of the reclassification of foreign exchange differences on previously held net investments in foreign entities

 

 

 

 

 

 

 

 

 

2

 

2

 

 

 

2

 

 

 

2

Total comprehensive income/loss for the period

 

 

 

 

–1

 

–106

 

–107

 

317

 

210

 

9

 

219

Distributions

 

 

 

 

 

–165

 

 

 

 

 

–165

 

 

 

–165

 

 

 

–165

Dividends to non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–16

 

–16

Employee share scheme:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of employee services

 

 

 

 

 

 

 

 

 

 

 

 

–12

 

–12

 

 

 

–12

Treasury share transactions

 

 

 

2

 

 

 

 

 

 

 

 

7

 

9

 

 

 

9

Balance 31 December 2018

 

1 228

 

–8

 

1 006

 

4

 

–1 199

 

–189

 

1 767

 

2 798

 

172

 

2 970

Changes in accounting policy2

 

 

 

 

 

 

 

 

 

 

 

 

1

 

1

 

 

 

1

Balance 1 January 2019

 

1 228

 

–8

 

1 006

 

4

 

–1 199

 

–189

 

1 768

 

2 799

 

172

 

2 971

Net income

 

 

 

 

 

 

 

 

 

 

 

 

10

 

10

 

28

 

38

Cash flow hedge

 

 

 

 

 

 

 

–2

 

 

 

–2

 

 

 

–2

 

 

 

–2

Net investment hedge

 

 

 

 

 

 

 

 

 

35

 

35

 

 

 

35

 

 

 

35

Remeasurements:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Actuarial gain/loss on retirement benefit obligations (see note 20)

 

 

 

 

 

 

 

 

 

 

 

 

–316

 

–316

 

 

 

–316

Return on retirement benefit plan assets, excluding amount included in interest expense (see note 20)

 

 

 

 

 

 

 

 

 

 

 

 

219

 

219

 

 

 

219

Deferred tax on remeasurements (see note 10)

 

 

 

 

 

 

 

 

 

 

 

 

37

 

37

 

 

 

37

Currency translation differences

 

 

 

 

 

 

 

 

 

–113

 

–113

 

 

 

–113

 

–7

 

–120

Fair value adjustment on financial assets

 

 

 

 

 

 

 

 

 

 

 

 

14

 

14

 

 

 

14

Share in other comprehensive income of associates and joint ventures (see note 8)

 

 

 

 

 

 

 

 

 

 

 

 

–9

 

–9

 

 

 

–9

Effect of the reclassification of foreign exchange differences on previously held net investments in foreign entities

 

 

 

 

 

 

 

 

 

19

 

19

 

 

 

19

 

 

 

19

Total comprehensive income/loss for the period

 

 

 

 

–2

 

–59

 

–61

 

–45

 

–106

 

21

 

–85

Distributions

 

 

 

 

 

–181

 

 

 

 

 

–181

 

 

 

–181

 

 

 

–181

Dividends to non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

–20

 

–20

Transaction with non-controlling interests

 

 

 

 

 

 

 

 

 

 

 

 

1

 

1

 

–2

 

–1

Employee share scheme:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Effect of employee services

 

 

 

 

 

 

 

 

 

 

 

 

–1

 

–1

 

 

 

–1

Treasury share transactions

 

 

 

–2

 

 

 

 

 

 

 

 

–4

 

–6

 

 

 

–6

Balance 31 December 2019

 

1 228

 

–10

 

825

 

2

 

–1 258

 

–431

 

1 719

 

2 506

 

171

 

2 677