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7 Equity

7 Equity
    31.12.2011 31.12.2012
  CHF thousands    
         
    Share capital 2,783,115 shares at a par value of 1 CHF per share 2,783 2,783
         
    Participation capital 625,000 participation certificates at a par value of 1 CHF per share 625 625
         
  Share capital 3,408 3,408
         
         
    Reserves for treasury shares 4,688 4,688
    Capital reserves1) 37,112 35,153
    Other legal reserves 15,164 17,123
    Other reserves 452,273 477,273
         
  Reserves 509,237 534,237
         
         
    Retained earnings carried forward 37,355 10,541
    Net income for the year 15,145 21,107
  Retained earnings 52,500 31,648
         
  Equity 565,145 569,293

1) The level of capital reserves was adjusted in line with the decision of the Swiss Federal Tax Administration.