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, 2017		0.3	2’024.2	–16.9	–11.0	–415.4	1’581.2	9.8	1’591.0
Comprehensive income for the period:
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 period		–	175.0	–	4.5	54.4	233.9	4.2	238.1
Transactions with owners of the company:
Changes in ownership in subsidiaries							–	9.8	9.8
Put option liability			–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	23			–11.8			–11.8		–11.8
Share-based payments	31		10.8				10.8		10.8
Dividends	23		–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
Adjustment on initial application of IFRS 9, net of tax	34		–6.6				–6.6		–6.6
Adjustment on initial application of IFRS 15, net of tax	34		–21.9			–1.2	–23.1	–0.1	–23.1
Equity as of January 1, 2018		0.3	2’040.9	–22.1	–6.5	–362.2	1’650.4	22.2	1’672.6

Comprehensive income for the period:
Net income			113.7				113.7	2.8	116.5
– Cash flow hedges, net of tax	28				–2.2		–2.2		–2.2
– Remeasurements of defined benefit obligations, net of tax	9		55.9				55.9		55.9
– Currency translation differences						–89.2	–89.2	–1.3	–90.6
Other comprehensive income			55.9		–2.2	–89.2	–35.5	–1.3	–36.9
Total comprehensive income for the period		–	169.6	–	–2.2	–89.2	78.2	1.4	79.6
Transactions with owners of the company:
Changes of non-controlling interests without a change in control			11.7				11.7	–10.6	1.1
Allocation of treasury shares to share plan participants			–7.0	7.0			–		–
Treasury shares acquired	23			–563.8			–563.8		–563.8
Treasury shares sold	23		12.6	544.8			557.4		557.4
Share-based payments	31		15.1				15.1		15.1
Dividends	23		–119.1				–119.1	–1.9	–121.0
Equity as of December 31, 2018	23	0.3	2’123.6	–34.0	–8.6	–451.4	1’629.9	11.2	1’641.0