CHANGES IN CONSOLIDATED SHAREHOLDERS’ EQUITY

CHF thousand	Share capital	Treasury shares	Capital reserves	Retained earnings	Accumulated translation differences	Shareholders' equity excluding minorities	Minorities	Total shareholder's equity
unaudited

Equity at 1 January 2020	7,391	–16	198,320	561,525	–2,437	764,783	79,705	844,488
Group earnings				38,565		38,565	2,243	40,808
Effect of currency translation					–2,047	–2,047	–943	–2,990
Dividends			–18,477			–18,477	–971	–19,448
Purchase/sale of treasury shares		–7				–7		–7
Equity at 30 June 2020	7,391	–23	179,843	600,090	–4,484	782,817	80,034	862,851

Equity at 1 January 2021	7,391	–19	179,843	600,780	–2,627	785,368	83,914	869,282
Group earnings				41,010		41,010	1,346	42,356
Effect of currency translation					2,639	2,639	907	3,546
Dividends			–22,172			–22,172	–607	–22,779
Purchase/sale of treasury shares		–4	5			1		1
Equity at 30 June 2021	7,391	–23	157,676	641,790	12	806,846	85,560	892,406