2.8 Theoretical impact of goodwill capitalisations

The goodwill resulting from acquisitions is offset against consolidated equity at the time of acquisition. With a theoretical amortisation period over five years, all goodwill items have been theoretically amortised since 31 December 2017. Hence, there is no longer a theoretical impact on the balance sheet or the income statement. Retained earnings include CHF 70,183,000 of goodwill that is theoretically fully amortised.