1.4 Consolidated statement of changes in equity
|in CHF thousand|
|Equity at 1 January 2017||1,960||4,250||–56||228,474||–70,183||–17,903||146,542||13,814||160,356|
|Reduction of share capital||–||–||–||–||–||–||–||–2,401||–2,401|
|Employee equity incentive plans||–||–38||–68||–||–||–||–106||–||–106|
|Currency translation effects||–||–||–||–||–||2,061||2,061||407||2,468|
|Net income for the period||–||–||–||4,771||–||4,771||1,625||6,396|
|Total Equity at 31 December 2017||1,960||4,212||–124||225,409||–70,183||–15,842||145,432||10,766||156,198|
|Equity at 1 January 2018||1,960||4,212||–124||225,409||–70,183||–15,842||145,432||10,766||156,198|
|Disposals of Tritron GmbH and Tritron USA||–||–||–||–||–||–||–5,169||–5,169|
|Disposal of goodwill in equity||–||–||–||–||42,251||–||42,251||–||42,251|
|Disposal of foreign exchange in equity||–||–||–||–||–||12,255||12,255||–||12,255|
|Employee equity incentive plans||–||–36||–38||–||–||–||–74||–||–74|
|Currency translation effects||–||–||–||–||–||–368||–368||1||–367|
|Net income for the period||–||–||–||–50,067||–||–||–50,067||2,902||–47,165|
|Total Equity at 31 December 2018||1,960||4,176||–162||167,507||–27,932||–3,955||141,594||6,909||148,503|
The share capital as at 31 December 2018 and 31 December 2017 consisted of 1,960,000 registered shares with a par value of CHF 1.00 each.
The amount of accumulated non-distributable reserves stands at CHF 13,743,000 (2017: CHF 13,743,000).
In case of Industrial Systems partial disposal of entities and fully reimbursement of loans with equity character granted to consolidated companies, goodwill and currency translation differences are fully or partially written down via the consolidated income statement in accordance with Swiss GAAP FER 30 (17). This has no impact on the consolidated shareholders’ equity as such a write-down would lead, on the one hand, to an increase in the consolidated shareholders’ equity, but the related loss would then represent a decrease of the same amount (‘recycling of goodwill and currency translation differences’).
Of the total amount of goodwill and currency translation differences, CHF 30,373,000 (2017: CHF 84,511,000) relates to the Industrial Systems segment.
The disclosures form an integral part of the financial report.