Annual Report 2020
Financial Report | Group Account | Shareholders' Equity

Development of Consolidated Shareholders' Equity

The change in the consolidated shareholders’ equity is as follows:

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CHF 1000

Share capital

Capital reserves

Retained earnings

 

 

 

Non-controlling interests

Total

 

 

 

Accumulated currency translation differences

Hedging reserve

Retained profits

Total retained earnings

 

 

As of 01.01.2019

60 066

74 310

–43

274

–79 069

–78 838

1 343

56 881

 

 

 

 

 

 

 

 

 

Currency translation differences

–

–

–424

–

–

–424

–2

–426

Changes from cash flow hedges

–

–

–

–265

–

–265

–

–265

Recycling Goodwill due to disposal of subsidiaries

–

–

–

–

1 460

1 460

–

1 460

Change in consolidation scope

–

–

–

–

–2

–2

187

185

Loss for the year 2019

–

–

–

–

–9 697

–9 697

–244

–9 941

As of 31.12.2019

60 066

74 310

–467

9

–87 308

–87 766

1 284

47 894

 

 

 

 

 

 

 

 

 

Currency translation differences

–

–

–508

–

–

–508

–28

–536

Changes from cash flow hedges

–

–

–

–

–

–

–

0

Capital increase 1)

88 628

4 645

–

–

–

–

–

93 273

Acquisition of Non-controlling interests 2)

–

–

–

–

–777

–777

–

–777

Change in consolidation scope

–

–

–

–

–

–

–338

–338

Loss for the year 2020

–

–

–

–

–71 721

–71 721

–489

–72 210

As of 31.12.2020

148 694

78 955

–975

9

–159 806

–160 772

429

67 306

1) The details of the capital increase are explained in the notes to the consolidated financial statements under item 20.1.

2) The acquisition of non-controlling interests is are explained in note 7 to the consolidated financial statements.

The revenue reserve includes CHF 56.9 million (previous year CHF 39.2 million) general statutory reserves (including the capital contribution reserves) held by MCH Group Ltd. and its subsidiaries, which may not be distributed at present. The share of non-distributable retained earnings has risen due to the capital increase. In the notes to the Group Accounts, note 16 shows the shareholders’ equity with theoretical capitalisation of the goodwill at its net book value of CHF 25.8 million (previous year CHF 44.5 million).

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The share capital is divided into 14,869,351 registered shares (previous year 6,006,575 registered shares) with a nominal value of CHF 10.00 per share.

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The upper limit per shareholder on entry into the share register (previous year 5 %) was lifted at the Extraordinary General Meeting of 27.11.2020. This registration limit did not apply to the Cantons of Basel-Stadt, Basel - Landschaft and Zurich or to the City of Zurich.

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The taxable value per share as per 31.12.2020 is CHF 12.00 (previous year CHF 26.10).

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