Consolidated Statement of Changes in Equity

in CHF 1 000	Share capital	Mandatory convertible note	Capital reserves	Treasury shares 1)	CF hedging reserve 2)	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	-	-	-	–45	-	-	-	–45
Capital increase, creation of reserve shares 3)	3 400	-	-	–3 400	-	-	-	-
Issuance of treasury shares for acquisitions	-	-	4 141	982	-	-	-	5 123
Issuance of mandatory convertible note 3)	-	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


in CHF 1 000	Share capital	Mandatory convertible note	Capital reserves	Treasury shares 1)	CF hedging reserve 2)	Retained earnings	Translation reserve	Total equity
Balance at 1 January 2023	34 095	59 069	113 162	–2 422	–58	–38 916	–16 039	148 891
Net profit	-	-	-	-	-	6 083	-	6 083
Share-based payments	-	-	-	67	-	1 001	-	1 068
Change in Cash Flow Hedging	-	-	-	-	58	-	-	58
Purchase of treasury shares	-	-	-	–1 832	-	-	-	–1 832
Sale of treasury shares	-	-	-	1 475	-	17	-	1 492
Capital increase, creation of reserve shares 3)	17	-	46	–63	-	-	-	-
Translation adjustment	-	-	-	-	-	-	–7 680	–7 680
Balance at 31 December 2023	34 112	59 069	113 208	–2 775	-	–31 815	–23 719	148 080

1) Refer to note 18 Treasury shares.

2) Refer to note 24 Financial Risk Management

3) Refer to note 17 Equity