Consolidated Statement of Changes in Equity
Consolidated statement of changes in equity for the year ended 31 December 2023
| In CHF million | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Share capital | Share premium | Treasury shares | Accumulated other comprehen-sive income | Retained earnings | Total shareholders' equity | Hybrid equity | Non-controlling interests | Total equity | |||||||||||
| Balance as at 1 January 2023 | 3 | 17 | –640 | –705 | 9 738 | 8 414 | 675 | 120 | 9 209 | |||||||||||
| Adjustment on initial application of IFRS 9 | 22 | – | – | – | –230 1 | 307 2 | 77 | – | 0 | 77 | ||||||||||
| Tax effect on initial application of IFRS 9 | 22 | – | – | – | 51 | –76 | –25 | – | 0 | –25 | ||||||||||
| Balance as at 1 January 2023 restated | 3 | 17 | –640 | –883 | 9 968 | 8 466 | 675 | 120 | 9 261 | |||||||||||
| Total net comprehensive income | – | – | – | –748 | 1 094 | 346 | – | 13 | 358 | |||||||||||
| Equity-settled share-based payments | – | 20 | – | – | – | 20 | – | – | 20 | |||||||||||
| Purchases of treasury shares | – | – | –30 | – | – | –30 | – | – | –30 | |||||||||||
| Share buyback | 22 | – | – | –412 | – | – | –412 | – | – | –412 | ||||||||||
| Cancellation of treasury shares | 0 | – | 677 | – | –677 | – | – | – | – | |||||||||||
| Allocation of treasury shares under equity compensation plans | – | –17 | 17 | – | – | – | – | – | – | |||||||||||
| Disposals of subsidiaries | – | – | – | – | – | – | – | 0 | 0 | |||||||||||
| Transfer of gains/losses on disposal to retained earnings | – | – | – | –1 | 1 | – | – | – | – | |||||||||||
| Capital contributions from non-controlling interests | – | – | – | – | – | – | – | 1 | 1 | |||||||||||
| Dividends | 22 | – | – | – | – | –877 | –877 | – | –8 | –885 | ||||||||||
| Interest on hybrid equity | – | – | – | – | –13 | –13 | – | – | –13 | |||||||||||
| Income tax effects | – | –2 | – | – | 2 | 0 | – | – | 0 | |||||||||||
| Balance as at end of period | 3 | 17 | –388 | –1 632 | 9 499 | 7 499 | 675 | 125 | 8 299 | |||||||||||
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1 Includes consequential impact from fair value change of underlying items of CHF 1095 million
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2 Includes consequential impact from fair value change of underlying items of CHF -1095 million
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Consolidated statement of changes in equity for the year ended 31 December 2022 (restated)
| In CHF million | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Share capital | Share premium | Treasury shares | Accumulated other comprehen-sive income | Retained earnings | Total shareholders' equity | Hybrid equity | Non-controlling interests | Total equity | |||||||||||
| Balance as at 1 January | 3 | 15 | –285 | 2 804 | 13 189 | 15 727 | 675 | 120 | 16 522 | |||||||||||
| Adjustment on initial application of IFRS 17 | 22 | – | – | – | –4 431 | –4 375 | –8 805 | – | –1 | –8 805 | ||||||||||
| Tax effect on initial application of IFRS 17 | 22 | – | – | – | 889 | 829 | 1 718 | – | 0 | 1 718 | ||||||||||
| Balance as at 1 January restated | 3 | 15 | –285 | –738 | 9 644 | 8 640 | 675 | 119 | 9 435 | |||||||||||
| Total net comprehensive income | – | – | – | 84 | 1 182 | 1 266 | – | 3 | 1 269 | |||||||||||
| Equity-settled share-based payments | – | 18 | – | – | – | 18 | – | – | 18 | |||||||||||
| Purchases of treasury shares | – | – | –25 | – | – | –25 | – | – | –25 | |||||||||||
| Share buyback | 22 | – | – | –701 | – | – | –701 | – | – | –701 | ||||||||||
| Cancellation of treasury shares | 0 | – | 357 | – | –357 | – | – | – | – | |||||||||||
| Allocation of treasury shares under equity compensation plans | – | –14 | 14 | – | – | – | – | – | – | |||||||||||
| Disposals of subsidiaries | – | – | – | –3 | 3 | – | – | – | – | |||||||||||
| Transfer of gains/losses on disposal to retained earnings | – | – | – | –46 | 46 | – | – | – | – | |||||||||||
| Changes in ownership interest in subsidiaries | – | – | – | – | –7 | –7 | – | 1 | –6 | |||||||||||
| Capital contributions from non-controlling interests | – | – | – | – | – | – | – | 2 | 2 | |||||||||||
| Dividends | 22 | – | – | – | – | –764 | –764 | – | –4 | –769 | ||||||||||
| Interest on hybrid equity | – | – | – | – | –13 | –13 | – | – | –13 | |||||||||||
| Income tax effects | – | –3 | – | – | 2 | 0 | – | – | 0 | |||||||||||
| Balance as at end of period | 3 | 17 | –640 | –705 | 9 738 | 8 414 | 675 | 120 | 9 209 | |||||||||||