3.28 Goodwill from acquisitions

The goodwill arising from acquisitions is offset against the group shareholders’ equity as of the date of acquisition. A theoretical capitalisation of the goodwill would have the following impact on the annual financial statements:

Theoretical statement of goodwill

in CHF thousand	2020	2019
Cost at 1 January	121	–
Inflow due to change in the scope of consolidation	3,352	121
Cost at 31 December	3,473	121

Accumulated amortisation at 1 January	–22	–
Depreciation and impairment	–527	–22
Accumulated amortisation at 31 December	–549	–22

Theoretical net book value at 1 January	99	–
Theoretical net book value at 31 December	2,924	99

A theoretical straight-line amortisation period of five years is applied.

Following the amortisation of the full theoretical amount, goodwill will no longer be listed in a theoretical statement. Retained earnings include CHF 27,932,000 (2019: CHF 27,932,000) of fully amortised theoretical goodwill.

Theoretical impact on net income for the period

in CHF thousand	2020	2019
Earnings before interest and taxes (EBIT) according to consolidated income statement	14,379	18,165
Goodwill amortisation	–527	–22
Theoretical earnings before interest and taxes (EBIT) including goodwill amortisation	13,852	18,143

Net income for the period after minority interests	12,945	8,479
Goodwill amortisation	–527	–22
Net income for the period after minority interests including goodwill amortisation	12,418	8,457

Theoretical impact on shareholders’ equity

in CHF thousand at 31 December	2020	2019
Equity before minority interests according to the consolidated balance sheet	135,500	138,208
Theoretical capitalisation of goodwill (net book value)	2,924	99
Theoretical equity before minority interests including goodwill (net book value)	138,424	138,307

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3.28 Goodwill from acquisitions