Consolidated Statements of Changes in Equity

			Other reserves
at 31 December 2022 and 2021 in CHF m	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
Balance 1 January 2021	1 228	–9	259	1	–1 360	–1 100	2 158	2 277	139	2 416
Net income						–	344	344	29	373
Net investment hedge					22	22		22		22
Remeasurements							14	14		14
Fair value adjustment on financial assets (see note 9)							2	2		2
Deferred tax on remeasurements and fair value adjustment (see note 10)						–	–7	–7		–7
Currency translation differences					–58	–58		–58	1	–57
Share in other comprehensive income of associates and joint ventures (see note 8)						–	2	2		2
Effect of the reclassification of foreign exchange differences on previously held net investments in foreign entities					–4	–4		–4		–4
Total comprehensive income for the period	–	–	–	–	–40	–40	355	315	30	345

Distributions from Share capital	–232	2				–		–230		–230
Dividends to non-controlling interests						–		–	–28	–28
Effect of Business Combination (see note 26)						–		–	46	46
Transaction with non-controlling interests									–1	–1
Employee share scheme:						–		–
Effect of employee services						–	4	4		4
Treasury share transactions		–1				–	–7	–8		–8
Balance 31 December 2021	996	–8	259	1	–1 400	–1 140	2 510	2 358	186	2 544

			Other reserves
at 31 December 2022 and 2021 in CHF m	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
Balance 1 January 2022	996	–8	259	1	–1 400	–1 140	2 510	2 358	186	2 544
Net income						–	84	84	32	116
Cash flowCash flowEconomic indicator representing the operational net inﬂow of cash and cash equivalents during a given period.View entire glossary hedge				–4		–4		–4		–4
Net investment hedge					20	20		20		20
Remeasurements							73	73		73
Fair value adjustment on financial assets (see note 9)						–	–4	–4		–4
Deferred tax on remeasurements and fair value adjustment (see note 10)						–	–22	–22		–22
Currency translation differences					–117	–117		–117	–16	–133
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					76	76		76		76
Total comprehensive income for the period	–	–	–	–4	–21	–25	140	115	16	131
Reduction in Share capital	–133	1				–		–132		–132
Dividends to non-controlling interests						–		–	–21	–21
Effect of Disposal						–		–	–9	–9
Employee share scheme:
Effect of employee services						–	2	2		2
Treasury share transactions		–1				–	–1	–2		–2
Balance 31 December 2022	863	–8	259	–3	–1 421	–1 165	2 651	2 341	172	2 513
¹ The notes form an integral part of the consolidated financial statements.

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