– Financial reporting – Consolidated statement of changes in equity
Consolidated statement of changes in equity
January 1 – December 31
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Attributable to shareholders of Sulzer Ltd |
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millions of CHF |
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Notes |
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Share capital |
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Retained earnings |
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Treasury shares |
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Cash flow hedge reserve |
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Currency translation adjustment |
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Total |
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Non-controlling interests |
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Total equity |
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Equity as of January 1, 2020 |
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0.3 |
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2’125.4 |
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–25.6 |
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–4.3 |
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–515.1 |
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1’580.7 |
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13.1 |
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1’593.9 |
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Comprehensive income for the period: |
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Net income |
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83.6 |
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83.6 |
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3.6 |
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87.2 |
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– Cash flow hedges, net of tax |
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29 |
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– |
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– |
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– |
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10.1 |
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– |
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10.1 |
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– |
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10.1 |
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– Remeasurements of defined benefit plans, net of tax |
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9 |
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– |
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8.0 |
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– |
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– |
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– |
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8.0 |
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– |
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8.0 |
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– Currency translation differences |
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– |
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– |
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– |
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– |
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–132.3 |
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–132.3 |
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–1.2 |
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–133.5 |
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Other comprehensive income |
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– |
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8.0 |
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– |
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10.1 |
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–132.3 |
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–114.1 |
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–1.2 |
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–115.4 |
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Total comprehensive income for the period |
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– |
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91.6 |
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– |
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10.1 |
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–132.3 |
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–30.5 |
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2.3 |
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–28.2 |
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Transactions with owners of the company: |
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Allocation of treasury shares to share plan participants |
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– |
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–10.4 |
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10.4 |
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– |
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– |
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– |
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– |
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Purchase of treasury shares |
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24 |
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– |
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– |
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–23.1 |
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– |
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– |
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–23.1 |
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–23.1 |
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Share-based payments |
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– |
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13.2 |
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– |
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– |
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– |
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13.2 |
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13.2 |
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Dividends |
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24 |
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– |
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–136.1 |
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– |
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– |
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– |
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–136.1 |
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–2.6 |
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–138.7 |
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Equity as of December 31, 2020 |
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24 |
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0.3 |
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2’083.8 |
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–38.3 |
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5.9 |
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–647.4 |
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1’404.3 |
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12.9 |
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1’417.2 |
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Equity as of January 1, 2021 |
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0.3 |
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2’083.8 |
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–38.3 |
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5.9 |
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–647.4 |
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1’404.3 |
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12.9 |
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1’417.2 |
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Comprehensive income for the period: |
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Net income |
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1’416.7 |
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1’416.7 |
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2.2 |
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1’418.9 |
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– Cash flow hedges, net of tax |
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29 |
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– |
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– |
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– |
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–2.5 |
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– |
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–2.5 |
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– |
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–2.5 |
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– Remeasurements of defined benefit plans, net of tax |
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9 |
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– |
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88.7 |
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– |
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– |
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– |
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88.7 |
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– |
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88.7 |
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– Equity investments at FVOCI – net change in fair value |
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18 |
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– |
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0.6 |
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– |
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– |
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– |
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0.6 |
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– |
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0.6 |
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– Currency translation differences |
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– |
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– |
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– |
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– |
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2.3 |
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2.3 |
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0.1 |
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2.4 |
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Other comprehensive income |
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– |
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89.3 |
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– |
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–2.5 |
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2.3 |
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89.1 |
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0.1 |
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89.2 |
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Total comprehensive income for the period |
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– |
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1’506.0 |
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– |
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–2.5 |
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2.3 |
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1’505.8 |
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2.3 |
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1’508.1 |
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Transactions with owners of the company: |
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Acquisition of non-controlling interests without a change of control |
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4 |
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– |
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–10.6 |
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– |
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– |
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–1.4 |
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–11.9 |
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–5.4 |
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–17.3 |
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Derecognition of non-controlling interests |
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– |
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– |
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– |
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– |
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– |
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– |
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–2.1 |
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–2.1 |
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Spin-off Applicator Systems division |
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7 |
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– |
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–1’485.6 |
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– |
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– |
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– |
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–1’485.6 |
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–1’485.6 |
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Transaction costs |
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24 |
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– |
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–3.4 |
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– |
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– |
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– |
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–3.4 |
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–3.4 |
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Allocation of treasury shares to share plan participants |
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– |
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–9.1 |
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9.1 |
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– |
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– |
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– |
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– |
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Purchase of treasury shares |
|
24 |
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– |
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– |
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–21.8 |
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– |
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– |
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–21.8 |
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–21.8 |
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Share-based payments |
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31 |
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– |
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21.9 |
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– |
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– |
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– |
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21.9 |
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21.9 |
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Dividends |
|
24 |
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– |
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–135.4 |
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– |
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– |
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– |
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–135.4 |
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–2.1 |
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–137.4 |
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Equity as of December 31, 2021 |
|
24 |
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0.3 |
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1’967.7 |
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–51.0 |
|
3.3 |
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–646.5 |
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1’273.8 |
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5.5 |
|
1’279.3 |