Consolidated Statement of Changes in Equity

in CHF 1 000	Share capital	Mandatory convertible note	Capital reserves	Treasury shares	CF hedging reserve	Retained earnings	Translation reserve	Total equity
Balance at 1 January 2021	29 022	-	103 894	–6	-	–50 864	–5 712	76 334
Net profit	-	-	-	-	-	7 482	-	7 482
Share-based payments	-	-	-	-	-	226	-	226
Dividend / capital contribution paid to shareholders	-	-	–2 902	-	-	-	-	–2 902
Capital increase	1 673	-	8 032	-	-	-	-	9 705
Translation adjustment	-	-	-	-	-	-	–1 958	–1 958
Balance at 31 December 2021	30 695	-	109 024	–6	-	–43 156	–7 670	88 887


in CHF 1 000	Share capital	Mandatory convertible note	Capital reserves	Treasury shares	CF hedging reserve	Retained earnings	Translation reserve	Total equity
Balance at 1 January 2022	30 695	-	109 024	–6	-	–43 156	–7 670	88 887
Net profit	-	-	-	-	-	3 820	-	3 820
Share-based payments	-		–3	47	-	420	-	464
Change in Cash Flow Hedging	-	-	-	-	–58	-	-	–58
Purchase of treasury shares 1)	-	-	-	–45	-	-	-	–45
Capital increase, creation of reserve shares 2)	3 400	-	-	–3 400	-	-	-	-
Issuance of treasury shares for acquisitions 1)	-	-	4 141	982	-	-	-	5 123
Issuance of mandatory convertible note 2)	-	60 188	-	-	-	-	-	60 188
Transaction costs on issuance of mandatory convertible note	-	–1 119	-	-	-	-	-	–1 119
Translation adjustment	-	-	-	-	-	-	–8 369	–8 369
Balance at 31 December 2022	34 095	59 069	113 162	–2 422	–58	–38 916	–16 039	148 891

1) Refer to note 18 Treasury shares.

2) Refer to note 17 Issued capital.