4.4 Restatement
The revised standard Swiss GAAP FER 30 (Consolidated financial statements) with effective date of 1 January 2024 led to following adjustment of previous-year figures:
- –Goodwill of associated entities
In the annual report 2023, goodwill of associated entities was recognised as an asset under the balance sheet item "Financial assets" (Investments in associates). According to the revised Swiss GAAP FER 30, goodwill of associated entities is to be treated in the same way as that of entities that are fully consolidated, which is offset against retained earnings. As goodwill of associated entities has not been amortised in the past, the corresponding restatement had no impact on the income statement.
The share of profit of associates was previously included in financial income and expenses due to the immateriality of the amount. To improve transparency, the result from associates is now reported as a separate line item in the financial result. The prior year comparatives have been restated accordingly. The corresponding restatement had no impact on the financial result and net result.
Consolidated Balance sheet as at 31.12.2022 (condensed)
|
CHF 1,000
|
31.12.2022
published
|
Restatement
|
31.12.2022
restated
|
|
Financial assets
|
29,772
|
–4,106
|
25,666
|
|
Total assets
|
1,597,358
|
–4,106
|
1,593,252
|
|
|
|
|
|
|
Retained earnings
|
1,068,315
|
–4,106
|
1,064,209
|
|
Equity attributable to the shareholders of
Investis Holding SA
|
1,068,806
|
–4,106
|
1,064,701
|
|
Total shareholdersʼ equity
|
1,069,675
|
–4,106
|
1,065,569
|
|
Total shareholdersʼ equity and liabilities
|
1,597,358
|
–4,106
|
1,593,252
|
Consolidated Balance sheet as at 30.06.2023 (condensed)
|
CHF 1,000
|
30.06.2023
published
|
Restatement
|
30.06.2023
restated
|
|
Financial assets
|
34,960
|
–4,106
|
30,854
|
|
Total assets
|
1,565,544
|
–4,106
|
1,561,438
|
|
|
|
|
|
|
Retained earnings
|
1,017,789
|
–4,106
|
1,013,683
|
|
Equity attributable to the shareholders of
Investis Holding SA
|
1,013,933
|
–4,106
|
1,009,827
|
|
Total shareholdersʼ equity
|
1,014,322
|
–4,106
|
1,010,216
|
|
Total shareholdersʼ equity and liabilities
|
1,565,544
|
–4,106
|
1,561,438
|
Consolidated Balance sheet as at 31.12.2023 (condensed)
|
CHF 1,000
|
31.12.2023
published
|
Restatement
|
31.12.2023
restated
|
|
Financial assets
|
33,076
|
–4,106
|
28,971
|
|
Total assets
|
1,613,696
|
–4,106
|
1,609,590
|
|
|
|
|
|
|
Retained earnings
|
1,036,789
|
–4,106
|
1,032,683
|
|
Equity attributable to the shareholders of
Investis Holding SA
|
1,032,933
|
–4,106
|
1,028,827
|
|
Total shareholdersʼ equity
|
1,033,349
|
–4,106
|
1,029,243
|
|
Total shareholdersʼ equity and liabilities
|
1,613,696
|
–4,106
|
1,609,590
|
Consolidated Income Statement 1st half 2023 (condensed)
|
CHF 1,000
|
1st half 2023
published
|
Restatement
|
1st half 2023
restated
|
|
Operating result (EBIT)
|
–25,928
|
-
|
–25,928
|
|
Result from associates
|
-
|
98
|
98
|
|
Financial income
|
270
|
–107
|
163
|
|
Financial expenses
|
–982
|
9
|
–973
|
|
Financial result
|
–712
|
-
|
–712
|
|
Income taxes
|
2,210
|
-
|
2,210
|
|
Net result
|
–24,429
|
-
|
–24,429
|