14. Goodwill arising from acquisitions
The goodwill resulting from acquisitions is charged against equity at the acquisition date. The theoretical amortisation is based on a straight-line method over a useful life of five years. The theoretical capitalisation of the goodwill would affect the results of the consolidated financial statements as follows:
Theoretical movements in goodwill
|
In CHF 1,000 |
2020 |
2019 |
|
Acquisition costs |
|
|
|
Acquisition costs as at 1 January |
57,817 |
66,013 |
|
Additions |
2,914 |
3,898 |
|
Adjustment of goodwill acquired in prior years |
–156 |
- |
|
Disposal |
–180 |
–12,094 |
|
Acquisition costs as at 31 December |
60,396 |
57,817 |
|
|
|
|
|
Accumulated amortisation as at 1 January |
49,304 |
51,531 |
|
Amortisation for the period |
3,998 |
8,552 |
|
Disposal |
–24 |
–10,778 |
|
Accumulated amortisation as at 31 December |
53,278 |
49,304 |
|
Theoretical values as at 31 December |
7,118 |
8,513 |
Effect on consolidated income statement
|
In CHF 1,000 |
2020 |
2019 |
|
Net profit as per financial statements |
113,596 |
172,825 |
|
Release of disposal of goodwill as per financial statements |
180 |
12,094 |
|
Disposal of theoretical value of goodwill |
–156 |
–1,316 |
|
Amortisation of goodwill |
–3,998 |
–8,552 |
|
Theoretical net profit including goodwill amortisation |
109,622 |
175,051 |
Effect on consolidated balance sheet
|
In CHF 1,000 |
31.12.2020 |
31.12.2019 |
|
Equity |
|
|
|
Equity as per financial statements |
821,952 |
739,981 |
|
Theoretical value of goodwill |
7,118 |
8,513 |
|
Theoretical equity when reporting goodwill |
829,070 |
748,494 |