Consolidated statement of changes in equity

January 1–December 31

		Attributable to shareholders of Sulzer Ltd
millions of CHF	Notes	Share capital	Retained earnings	Treasury shares	Cash flow hedge reserve	Currency translation adjustment	Total	Non-controlling interests	Total equity
Equity as of January 1, 2016		0.3	2’661.4	–17.8	–9.2	–410.0	2’224.7	9.5	2’234.2
Comprehensive income for the year:
Net income			59.0				59.0	1.1	60.1
– Cash flow hedges, net of tax	28				–1.8		–1.8		–1.8
– Remeasurements of defined benefit obligations, net of tax	9		–82.1				–82.1		–82.1
– Currency translation differences						–5.4	–5.4	–0.3	–5.7
Other comprehensive income			–82.1		–1.8	–5.4	–89.3	–0.3	–89.6
Total comprehensive income for the year		–	–23.1	–	–1.8	–5.4	–30.3	0.8	–29.5
Transactions with owners of the company:
Allocation of treasury shares to share plan participants			–4.1	4.1			0.0		0.0
Acquisition of treasury shares				–3.2			–3.2		–3.2
Share-based payments	31		7.5				7.5		7.5
Dividends			–617.5				–617.5	–0.5	–618.0
Equity as of December 31, 2016	23	0.3	2’024.2	–16.9	–11.0	–415.4	1’581.2	9.8	1’591.0

Comprehensive income for the year:
Net income			83.2				83.2	4.0	87.2
– Cash flow hedges, net of tax	28				4.5		4.5		4.5
– Remeasurements of defined benefit obligations, net of tax	9		91.8				91.8		91.8
– Currency translation differences						54.4	54.4	0.2	54.6
Other comprehensive income			91.8		4.5	54.4	150.7	0.2	150.9
Total comprehensive income for the year		–	175.0	–	4.5	54.4	233.9	4.2	238.1
Transactions with owners of the company:
Changes in ownership in subsidiaries							0.0	9.8	9.8
Put option liability	4		–14.6				–14.6		–14.6
Allocation of treasury shares to share plan participants			–6.6	6.6			0.0		0.0
Acquisition of treasury shares				–11.8			–11.8		–11.8
Share-based payments	31		10.8				10.8		10.8
Dividends			–119.4				–119.4	–1.5	–120.9
Equity as of December 31, 2017	23	0.3	2’069.4	–22.1	–6.5	–361.0	1’680.1	22.3	1’702.4