Annual Report 2020

14 Equity

 

 

 

 

 

 

CHF

Share capital

Capital contribution reserves

Statutory revenue reserves

Retained earnings

Total equity

Balance pursuant to founding balance sheet 1

278,746

 

 

 

278,746

Effects of the squeeze-out merger

 

1,378,132,670

 

1,526,081,136

2,904,213,806

Conversion of shareholder hybrid loan

52,358

366,447,692

 

 

366,500,050

Net income

 

 

 

– 119,857,413

– 119,857,413

Balance at 31 December 2020

331,104

1,744,580,362

0

1,406,223,723

3,151,135,189

Dividends

 

 

 

– 46,354,510

– 46,354,510

 

 

 

170,000

– 170,000

0

Net income

 

 

 

– 5,663,924

– 5,663,924

Balance at 31 December 2021 2

331,104

1,744,580,362

170,000

1,354,035,289

3,099,116,755

1 Full cash contribution of share capital upon foundation

2 The capital contribution reserves after converting the hybrid loan from the shareholders have not yet been acknowledged by the Swiss Federal Tax Administration.