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

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 unaudited	7,391	–23	157,676	641,790	12	806,846	85,560	892,406

Equity at 1 January 2022	7,391	–19	157,680	643,117	–10,367	797,802	85,524	883,326
Group earnings				29,169		29,169	4,238	33,407
Effect of currency translation					–6,051	–6,051	–2,318	–8,369
Dividends			–33,259			–33,259	–1,193	–34,452
Purchase/sale of treasury shares		–2	2			-	-	-
Purchase/sale of minorities				–22	–38	–60	–229	–289
Equity at 30 June 2022 unaudited	7,391	–21	124,423	672,264	–16,456	787,601	86,022	873,623