Consolidated statement of changes in equity

January 1 – June 30

		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, 2018		0.3	2’040.9	–22.1	–6.5	–362.2	1’650.4	22.3	1’672.6
Comprehensive income for the period:
Net income			57.9				57.9	2.0	60.0
– Cash flow hedges, net of tax					–2.9		–2.9		–2.9
– Remeasurements of defined benefit obligations, net of tax			19.5				19.5		19.5
– Currency translation differences						–34.8	–34.8	–1.6	–36.4
Other comprehensive income			19.5		–2.9	–34.8	–18.2	–1.6	–19.8
Total comprehensive income for the period		–	77.4	–	–2.9	–34.8	39.8	0.4	40.2
Transactions with owners of the company:
Changes of non-controlling interests without a change in control							–	0.6	0.6
Allocation of treasury shares to share plan participants			–5.3	5.3			–		–
Purchase of treasury shares				–551.4			–551.4		–551.4
Share-based payments			4.9				4.9		4.9
Dividends	9		–119.1				–119.1	–0.8	–119.9
Equity as of June 30, 2018		0.3	1’998.7	–568.2	–9.4	–397.0	1’024.6	22.5	1’047.1

Equity as of January 1, 2019		0.3	2’123.6	–34.0	–8.6	–451.4	1’629.9	11.2	1’641.0
							–
Comprehensive income for the period:							–
Net income			65.1				65.1	1.4	66.5
– Cash flow hedges, net of tax		–	–	–	3.1	–	3.1	–	3.1
– Remeasurements of defined benefit obligations, net of tax		–	15.5	–	–	–	15.5	–	15.5
– Currency translation differences		–	–	–	–	–26.5	–26.5	–0.1	–26.5
Other comprehensive income		–	15.5	–	3.1	–26.5	–7.9	–0.1	–8.0
Total comprehensive income for the period		–	80.6	–	3.1	–26.5	57.2	1.3	58.6
Transactions with owners of the company:
Allocation of treasury shares to share plan participants		–	–18.9	18.9	–	–	–		–
Purchase of treasury shares		–	–	–6.9	–	–	–6.9		–6.9
Share-based payments		–	4.5	–	–	–	4.5		4.5
Dividends	9	–	–119.2	–	–	–	–119.2	–1.0	–120.2
Equity as of June 30, 2019		0.3	2’070.6	–22.1	–5.5	–477.9	1’565.4	11.5	1’576.9