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 2

 

1,378,132,670

 

1,526,081,136

2,904,213,806

Conversion of shareholder hybrid loan 3

52,358

366,447,692

 

 

366,500,050

Net income

 

 

 

– 119,857,413

– 119,857,413

Balance at 31 December 2020 4

331,104

1,744,580,362

0

1,406,223,723

3,151,135,189

1 Full cash contribution of share capital upon foundation

2 For more information, see note 1

3 The Extraordinary General Meeting on 29 October 2020 approved conversion of the shareholder hybrid loan into equity. The conversion into Alpiq shares was made by means of an ordinary share capital increase with a contribution by offsetting.

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

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