Consolidated statement of changes in equity

For the years ended 31 December 2018 and 2017, CHF million	Notes	Share capital	Capital reserves	Trea- sury shares	Goodwill offset	Cum- ulative trans- lation adjust- ments	Cash flow hedging	Other retained earnings	Re- tained earnings	Equity attribut- able to share- holders of Georg Fischer Ltd	Non-con- trolling interests	Equity

Balance as of 31 December 2018		4	26	–9	–537	–97	–3	1’998	1’361	1’382	46	1’428

Net profit								281	281	281	–2	279
Translation adjustments recognized in the reporting period						–57			–57	–57	–1	–58
Changes in cash flow hedges	(2.3.2, 2.3.3)						10		10	10		10
Goodwill offset via equity	(2.5, 4.1.2)				–73				–73	–73		–73
Capital increase/acquisition of non-controlling interests	(4.1.2)										4	4
Purchase of treasury shares	(3.5)			–12						–12		–12
Disposal of treasury shares	(3.5)			3						3		3
Share-based compensation
– Transfers	(3.5, 4.3.2)			8				–8	–8
– Granted	(3.5, 4.3.2)							7	7	7		7
Dividends	(3.4)							–94	–94	–94	–7	–101
Balance as of 31 December 2017		4	26	–8	–464	–40	–13	1’812	1’295	1’317	52	1’369

Net profit								252	252	252	6	258
Translation adjustments recognized in the reporting period						44			44	44	1	45
Changes in cash flow hedges	(2.3.2, 2.3.3)						2		2	2		2
Goodwill offset via equity	(2.5, 4.1.2)				–63				–63	–63		–63
Capital increase/acquisition of non-controlling interests											8	8
Purchase of treasury shares	(3.5)			–18						–18		–18
Disposal of treasury shares	(3.5)		1	14						15		15
Share-based compensation
– Transfers	(3.5, 4.3.2)		1	6				–7	–7
– Granted	(3.5, 4.3.2)							11	11	11		11
Dividends	(3.4)							–82	–82	–82	–7	–89
Balance as of 31 December 2016		4	24	–10	–401	–84	–15	1’638	1’138	1’156	44	1’200