– Financial reporting – Consolidated statement of changes in equity
Consolidated statement of changes in equity
January 1 – December 31, 2022
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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, 2022 |
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|
|
0.3 |
|
1’967.7 |
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–51.0 |
|
3.3 |
|
–646.5 |
|
1’273.8 |
|
5.5 |
|
1’279.3 |
|
Comprehensive income for the period: |
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Net income |
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28.6 |
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28.6 |
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–0.6 |
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28.0 |
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- Cash flow hedges, net of tax |
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30 |
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– |
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– |
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– |
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–7.5 |
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– |
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–7.5 |
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– |
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–7.5 |
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- Remeasurements of defined benefit plans, net of tax |
|
2,10 |
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– |
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–75.5 |
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– |
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– |
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– |
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–75.5 |
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– |
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–75.5 |
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- Equity investments at FVOCI – net change in fair value, net of tax |
|
19 |
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– |
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–11.0 |
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– |
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– |
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– |
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–11.0 |
|
– |
|
–11.0 |
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- Currency translation differences |
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|
|
– |
|
– |
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– |
|
– |
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–60.2 |
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–60.2 |
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–0.2 |
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–60.3 |
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Other comprehensive income |
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|
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– |
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–86.5 |
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– |
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–7.5 |
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–60.2 |
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–154.1 |
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–0.2 |
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–154.3 |
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Total comprehensive income for the period |
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|
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– |
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–57.9 |
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– |
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–7.5 |
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–60.2 |
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–125.5 |
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–0.7 |
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–126.2 |
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Transactions with owners of the company: |
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Disposal of non-controlling interests without a change of control |
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4 |
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– |
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–0.4 |
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– |
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– |
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–0.0 |
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–0.4 |
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0.8 |
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0.4 |
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Capital increase 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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0.5 |
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0.5 |
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Contribution from medmix |
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25 |
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– |
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0.4 |
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– |
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– |
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– |
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0.4 |
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– |
|
0.4 |
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Transaction costs |
|
25 |
|
– |
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–0.7 |
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– |
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– |
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– |
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–0.7 |
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– |
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–0.7 |
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Allocation of treasury shares to share plan participants |
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|
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– |
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–27.6 |
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27.6 |
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– |
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– |
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– |
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– |
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– |
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Purchase of treasury shares |
|
25 |
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– |
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– |
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–19.5 |
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– |
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– |
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–19.5 |
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– |
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–19.5 |
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Share-based payments |
|
32 |
|
– |
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14.9 |
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– |
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– |
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– |
|
14.9 |
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– |
|
14.9 |
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Dividends |
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25 |
|
– |
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–118.7 |
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– |
|
– |
|
– |
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–118.7 |
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–1.6 |
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–120.3 |
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Equity as of December 31, 2022 |
|
25 |
|
0.3 |
|
1’777.7 |
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–42.9 |
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–4.1 |
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–706.7 |
|
1’024.3 |
|
4.4 |
|
1’028.6 |
January 1 – December 31, 2021
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Attributable to shareholders of Sulzer Ltd |
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|
||||||||||
|
millions of CHF |
|
Notes |
|
Share capital |
|
Retained earnings |
|
Treasury shares |
|
Cash flow hedge reserve |
|
Currency translation adjustment |
|
Total |
|
Non-controlling interests |
|
Total equity |
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Equity as of January 1, 2021 |
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|
|
0.3 |
|
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 |
|
12.9 |
|
1’417.2 |
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Comprehensive income for the period: |
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|
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|
|
|
|
|
|
|
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|
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|
|
|
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Net income |
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1’416.7 |
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|
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|
1’416.7 |
|
2.2 |
|
1’418.9 |
|
– Cash flow hedges, net of tax |
|
30 |
|
– |
|
– |
|
– |
|
–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 |
|
10 |
|
– |
|
88.7 |
|
– |
|
– |
|
– |
|
88.7 |
|
– |
|
88.7 |
|
– Equity investments at FVOCI – net change in fair value |
|
19 |
|
– |
|
0.6 |
|
– |
|
– |
|
– |
|
0.6 |
|
– |
|
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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– |
|
2.3 |
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2.3 |
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0.1 |
|
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 |
|
2.3 |
|
89.1 |
|
0.1 |
|
89.2 |
|
Total comprehensive income for the period |
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|
|
– |
|
1’506.0 |
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– |
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–2.5 |
|
2.3 |
|
1’505.8 |
|
2.3 |
|
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 |
|
4 |
|
– |
|
–10.6 |
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– |
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– |
|
–1.4 |
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–11.9 |
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–5.4 |
|
–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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– |
|
– |
|
–2.1 |
|
–2.1 |
|
Spin-off Applicator Systems division |
|
5 |
|
– |
|
–1’485.6 |
|
– |
|
– |
|
– |
|
–1’485.6 |
|
– |
|
–1’485.6 |
|
Transaction costs |
|
25 |
|
– |
|
–3.4 |
|
– |
|
– |
|
– |
|
–3.4 |
|
– |
|
–3.4 |
|
Allocation of treasury shares to share plan participants |
|
|
|
– |
|
–9.1 |
|
9.1 |
|
– |
|
– |
|
– |
|
– |
|
– |
|
Purchase of treasury shares |
|
25 |
|
– |
|
– |
|
–21.8 |
|
– |
|
– |
|
–21.8 |
|
– |
|
–21.8 |
|
Share-based payments |
|
32 |
|
– |
|
21.9 |
|
– |
|
– |
|
– |
|
21.9 |
|
– |
|
21.9 |
|
Dividends |
|
25 |
|
– |
|
–135.4 |
|
– |
|
– |
|
– |
|
–135.4 |
|
–2.1 |
|
–137.4 |
|
Equity as of December 31, 2021 |
|
25 |
|
0.3 |
|
1’967.7 |
|
–51.0 |
|
3.3 |
|
–646.5 |
|
1’273.8 |
|
5.5 |
|
1’279.3 |