Consolidated statement of changes in equity

Share
capital
Treasury shares Capital reserves Hybrid capital Profit reserves Accumulated
currency
translation
differences
Total excl. minority shares Minority shares Total incl.
minority shares
TCHF TCHF TCHF TCHF TCHF TCHF TCHF TCHF TCHF
                 
Equity as at 31.12.2018 (as reported) 14,348 1 –7,351 284,369 107,589 –144,877 2 –747 253,331 27,516 280,847
         
Hybrid bond restatement 5 8,848 8,848 8,848
       
Equity as at 31.12.2018 (restated) 14,348 1 –7,351 284,369 116,437 –144,877 2 –747 262,179 27,516 289,695
                   
Change in scope of consolidation          238,764  308 239,072 –523 238,549
Goodwill/badwill from sales of subsidiaries         –13   –13 –13
Conversion mandatory convertible bond  3,236   94,395     97,631 97,631
Mandatory convertible bond     –88,163   –8,824   –96,987 –96,987
Sale of treasury shares   245 –105       141 141
Currency translation differences           128 128 51 179
Net profit         –239,200   –239,200 –32,178 –271,378
Equity as at 31.12.2019 (restated) 17,584 1 –7,105 290,497 116,437 –154,151 2 –310 262,951 –5,135 257,816
 
Change in scope of consolidation 6 –7,115 –7,115 5,303 –1,813
Goodwill/bad will from sales  of subsidiaries –4,255 –4,255 –4,255
Allocation of capital contributions to free reserves 3 –130,000 130,000 0 0
Conversion mandatory convertible bond 3,934 114,766 118,700 118,700
Mandatory convertible bond 4 –110,773 –9,122 –119,895 –119,895
Hybrid bond 5 79 79 79
Currency translation differences 129 129 61 190
Net profit –70,133 –70,133 –141 –70,274
Equity as at 31.12.2020 21,518 1 –7,105 164,490 116,437 –114,697 2 –181 180,461 87 180,548
  1. 31.12.2020: 2,151,757 registered shares at nominal CHF 10.00; each share corresponds to one vote; the maximum entry limit in the share register is 15% of the votes; 31.12.2019: 1,758,369 registered shares; 31.12.2018: 1,434,760 registered shares
  2. Of which non-distributable legal reserves TCHF 10,619 (2019 TCHF 10,172/2018 TCHF 10,172). This includes deferred interest under the hybrid bond of TCHF 1,626 as at 31.12.2020 (PY: 0)
  3. As per resolution at the AGM 2020
  4. The convertible bond has been fully converted as of 31.03.2020 (see also note 15 in the notes to the consolidated financial statements of the HOCHDORF Group)
  5. Previous year's figures adjusted due to the change in the valuation principles for the hybrid bond (see also the notes to the consolidated financial statements of the HOCHDORF Group "Principles of consolidation" and note 15)
  6. Sale of Uckermärker Milch GmbH and Marbacher Ölmühle GmbH; increase of share Snapz Food AG
Shareholders >3 %  31.12.2020 31.12.2019 31.12.18
Amir Mechria, Zug 20.63 % 18.34 % <3.00 %
ZMP Invest AG, Lucerne 17.96 % 12.23 %14.51 %
Bermont Master Fund, Grand Cayman (Previous year: Stichting General Holdings, MG Amersfoort Netherlands) 14.50 % 17.81 % 4.23 %
Weiss Family and Innovent Holding AG, Wollerau 1 5.58 % 4.65 % 5.35 %
  1. The value as at 31.12.2019 does not include 2.18% shares from the mandatory convertible bond (conversion on 30.03.2020)

Contingent capital

The Group has no contingent capital.
In the previous year, contingent capital was issued for the mandatory convertible bond (393,771 registered shares with a nominal value of CHF 10).

Changes

See explanations in the notes to the consolidated financial statements of the HOCHDORF Group.