Consolidated statement of changes in equity

Consolidated statement of changes in equity
Figures in CHF thousand Organisation capital Capital reserves Retained earnings Consolidated earnings Non- controlling interest Total
             
Equity as at 1.1.2015 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
Figures in CHF thousand Organisation capital Capital reserves Retained earnings Consolidated earnings Non- controlling interest Total
             
Equity as at 31.12.2015 70,000 405,601 1,464,535 15,936 2,282 1,958,354
Appropriation of net income     15,936 –15,936   0
Dividend payment     –1,400     –1,400
Profit / loss for the period       97,969 –210 97,759
Equity as at 31.12.2016 70,000 405,601 1,479,071 97,969 2,072 2,054,714

Equity is composed 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 each.

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.