| Figures in CHF thousand | Organisation capital | Capital reserves | Retained earnings | Consolidated earnings | Non-controlling interest | Total |
| Equity as at 31.12.2014 OR | 70,000 | 405,601 | 945,855 | 138,016 | 2,183 | 1,561,655 |
| Appropriation of net income | 138,016 | –138,016 | 0 | |||
| Change in scope of consolidated financial statements | –16,885 | –16,885 | ||||
| Valuation adjustment to Swiss GAAP FER | 399,649 | 399,649 | ||||
| Equity as at 1.1.2015 Swiss GAAP FER | 70,000 | 405,601 | 1,466,635 | 0 | 2,183 | 1,944,419 |
| Dividend payment | –2,100 | –2,100 | ||||
| Profit / loss for the period | 15,936 | 99 | 16,035 | |||
| Equity as at 31.12.2015 | 70,000 | 405,601 | 1,464,535 | 15,936 | 2,282 | 1,958,354 |
Equity is comprised of the following positions:
Organisation capital
This is the nominal amount of share capital. The share capital is divided into 70,000 ordinary registered shares with a par value of CHF 1,000.
Capital reserves
Capital reserves are payments in excess of the nominal amount (surplus).
Retained earnings
Retained earnings refers to accumulated equity capital in the form of earnings that are kept and not distributed from previous years. The income obtained from the first application of Swiss GAAP FER is recognised as retained earnings.