– Financial reporting – Consolidated statement of changes in equity

Consolidated statement of changes in equity

January 1 – December 31, 2022

 

 

 

 

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, 2022

 

 

 

0.3

 

1’967.7

 

–51.0

 

3.3

 

–646.5

 

1’273.8

 

5.5

 

1’279.3

Comprehensive income for the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

28.6

 

 

 

 

 

 

 

28.6

 

–0.6

 

28.0

- Cash flow hedges, net of tax

 

30

 

 

 

 

–7.5

 

 

–7.5

 

 

–7.5

- Remeasurements of defined benefit plans, net of tax

 

2,10

 

 

–75.5

 

 

 

 

–75.5

 

 

–75.5

- Equity investments at FVOCI – net change in fair value, net of tax

 

19

 

 

–11.0

 

 

 

 

–11.0

 

 

–11.0

- Currency translation differences

 

 

 

 

 

 

 

–60.2

 

–60.2

 

–0.2

 

–60.3

Other comprehensive income

 

 

 

 

–86.5

 

 

–7.5

 

–60.2

 

–154.1

 

–0.2

 

–154.3

Total comprehensive income for the period

 

 

 

 

–57.9

 

 

–7.5

 

–60.2

 

–125.5

 

–0.7

 

–126.2

Transactions with owners of the company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disposal of non-controlling interests without a change of control

 

4

 

 

–0.4

 

 

 

–0.0

 

–0.4

 

0.8

 

0.4

Capital increase non-controlling interests

 

 

 

 

 

 

 

 

 

0.5

 

0.5

Contribution from medmix

 

25

 

 

0.4

 

 

 

 

0.4

 

 

0.4

Transaction costs

 

25

 

 

–0.7

 

 

 

 

–0.7

 

 

–0.7

Allocation of treasury shares to share plan participants

 

 

 

 

–27.6

 

27.6

 

 

 

 

 

Purchase of treasury shares

 

25

 

 

 

–19.5

 

 

 

–19.5

 

 

–19.5

Share-based payments

 

32

 

 

14.9

 

 

 

 

14.9

 

 

14.9

Dividends

 

25

 

 

–118.7

 

 

 

 

–118.7

 

–1.6

 

–120.3

Equity as of December 31, 2022

 

25

 

0.3

 

1’777.7

 

–42.9

 

–4.1

 

–706.7

 

1’024.3

 

4.4

 

1’028.6

January 1 – December 31, 2021

 

 

 

 

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, 2021

 

 

 

0.3

 

2’083.8

 

–38.3

 

5.9

 

–647.4

 

1’404.3

 

12.9

 

1’417.2

Comprehensive income for the period:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

 

 

 

1’416.7

 

 

 

 

 

 

 

1’416.7

 

2.2

 

1’418.9

– Cash flow hedges, net of tax

 

30

 

 

 

 

–2.5

 

 

–2.5

 

 

–2.5

– 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

– Currency translation differences

 

 

 

 

 

 

 

2.3

 

2.3

 

0.1

 

2.4

Other comprehensive income

 

 

 

 

89.3

 

 

–2.5

 

2.3

 

89.1

 

0.1

 

89.2

Total comprehensive income for the period

 

 

 

 

1’506.0

 

 

–2.5

 

2.3

 

1’505.8

 

2.3

 

1’508.1

Transactions with owners of the company:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisition of non-controlling interests without a change of control

 

4

 

 

–10.6

 

 

 

–1.4

 

–11.9

 

–5.4

 

–17.3

Derecognition of non-controlling interests

 

 

 

 

 

 

 

 

 

–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