in CHF 1 000 | Share capital1) | Capital reserves | Treasury shares | Other retained earnings | Goodwill offset | Translation differences | Retained earnings | Equity attributable to shareholders of H+S AG | Minority interests | Total equity | ||||||||||
Balance at 1.1.2023 | 5 050 | 33 480 | (75 231) | 833 627 | (146 980) | (46 589) | 640 058 | 603 357 | 3 295 | 606 652 | ||||||||||
Change in scope of consol- idation2) | – | – | – | – | – | – | – | – | (1 036) | (1 036) | ||||||||||
Net income | – | – | – | 64 221 | – | – | 64 221 | 64 221 | 626 | 64 847 | ||||||||||
Dividend paid | – | – | – | (38 773) | – | – | (38 773) | (38 773) | (318) | (39 091) | ||||||||||
Purchase of treasury shares3) | – | – | (8 959) | – | – | – | – | (8 959) | – | (8 959) | ||||||||||
Share-based payment | – | (2) | 1 811 | (550) | – | – | (550) | 1 259 | – | 1 259 | ||||||||||
Goodwill offset4) | – | – | – | – | 277 | – | 277 | 277 | – | 277 | ||||||||||
Currency translation differences | – | – | – | – | – | (14 236) | (14 236) | (14 236) | (84) | (14 320) | ||||||||||
Balance at 31.12.2023 | 5 050 | 33 478 | (82 379) | 858 525 | (146 703) | (60 825) | 650 997 | 607 146 | 2 483 | 609 629 | ||||||||||
Net income | – | – | – | 71 383 | – | – | 71 383 | 71 383 | 891 | 72 274 | ||||||||||
Dividend paid | – | – | – | (31 388) | – | – | (31 388) | (31 388) | (447) | (31 835) | ||||||||||
Capital reduction3) | (252) | (81 165) | 81 417 | – | – | – | – | – | – | – | ||||||||||
Purchase of treasury shares | – | – | (1 640) | – | – | – | – | (1 640) | – | (1 640) | ||||||||||
Share-based payment | – | 163 | 1 672 | (146) | – | – | (146) | 1 689 | – | 1 689 | ||||||||||
Currency translation differences | – | – | – | – | – | 6 392 | 6 392 | 6 392 | 13 | 6 405 | ||||||||||
Balance at 31.12.2024 | 4 798 | (47 524) | (930) | 898 374 | (146 703) | (54 433) | 697 238 | 653 582 | 2 940 | 656 522 |
1)See note 29
2)See note 4
3)Following approval by the Annual General Meeting on 27 March 2024, the shares acquired as part of the share buyback programme completed in March 2023 have been cancelled by means of a capital reduction. In total 1‘010‘000 treasury shares were purchased back at an average share price of CHF 80.61, amounting to CHF 81.4 million.
4)See note 23
The notes are an integral part of the consolidated financial statements.