4Acquisitions of subsidiaries and transactions with non-controlling interests
Contingent consideration for former acquisitions
|
millions of CHF |
|
2023 |
|
2022 |
|
Balance as of January 1 |
|
1.9 |
|
5.9 |
|
Payment of contingent consideration |
|
–1.3 |
|
–4.2 |
|
Release to other operating income |
|
–0.5 |
|
– |
|
Currency translation differences |
|
–0.1 |
|
0.2 |
|
Total contingent consideration as of December 31 |
|
– |
|
1.9 |
|
– thereof non-current |
|
– |
|
– |
|
– thereof current |
|
– |
|
1.9 |
The group paid a contingent consideration in the amount of CHF 1.3 million and recorded a release to other operating income amounting to CHF 0.5 million, both related to an acquisition in 2021. The payment of CHF 1.3 million is presented in the cash flow statement in "Acquisitions of subsidiaries, net of cash acquired". No businesses were acquired in 2023.
Transactions with non-controlling interests
|
millions of CHF |
|
2023 |
|
2022 |
|
Carrying amount of non-controlling interests acquired (disposed) |
|
0.4 |
|
–0.8 |
|
Consideration received (paid) in cash |
|
–19.4 |
|
0.4 |
|
Non-cash consideration |
|
–2.8 |
|
– |
|
Consideration payable |
|
–0.6 |
|
– |
|
Decrease in equity attributable to owners of Sulzer Ltd |
|
–22.4 |
|
–0.4 |
In January 2023, the group acquired the remaining 25% ownership in Sulzer Saudi Pump Company Limited for a total consideration of CHF 22.8 million, of which CHF 19.4 million were paid in cash.