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1.4 Consolidated statement of changes in equity

in CHF thousand                                    
   
Share
capital
 
Capital
reserves
 
Own
shares
  Retained
earnings and
net income
  Goodwill
offset
with equity
 
Translation
differences
  Equity before
minority
interests
 
Minority
interests
 
Total
equity
Equity at 1 January 2019   1,960   4,176   –162   167,507   –27,932   –3,955   141,594   6,909   148,503
Change in scope of consolidation         –143     129   –14   376   362
Dividends paid         –11,753       –11,753   –62   –11,815
Offsetting goodwill against equity           –62     –62   –59   –121
Employee equity incentive plans     39   20         59     59
Currency translation effects             –95   –95     –95
Net income for the period         8,479         8,479   2,402   10,881
Total Equity at 31 December 2019   1,960   4,215   –142   164,090   –27,994   –3,921   138,208   9,566   147,774
 
 
Equity at 1 January 2020   1,960   4,215   –142   164,090   –27,994   –3,921   138,208   9,566   147,774
Change in scope of consolidation                      
Dividends paid         –11,757       –11,757   –2,589   –14,346
Offsetting goodwill against equity           –3,352     –3,352     –3,352
Disposal of foreign exchange in equity             211   211   203   414
Employee equity incentive plans     –65   82         17     17
Currency translation effects             –772   –772   –232   –1,004
Net income for the period         12,945       12,945   2,047   14,992
Total Equity at 31 December 2020   1,960   4,150   –60   165,278   –31,346   –4,482   135,500   8,995   144,495

The share capital as at 31 December 2020 and 31 December 2019 consisted of 1,960,000 registered shares with a par value of CHF 1.00 each.

The amount of accumulated non-distributable reserves decreased owing to the merger by absorption of Orell Füssli Holding AG (note 7.1) and now amounts to CHF 7,017,000 (2019: CHF 14,280,000).

The disclosures form an integral part of the financial report.