4.3Goodwill arising from acquisitions
THEORETICAL MOVEMENTS IN GOODWILL
2025 | 2024 | |||||
|---|---|---|---|---|---|---|
CHF 1,000 | Goodwill from consolidated companies | Goodwill from associated companies | Total | Goodwill from consolidated companies | Goodwill from associated companies | Total |
Theoretical values as at 1 January | - | 661 | 661 | 23,009 | 938 | 23,947 |
Acquisition costs as at 1 January | 6,038 | 4,106 | 10,144 | 100,451 | 4,106 | 104,557 |
Additions from acquisitions | - | 3,432 | 3,432 | 806 | - | 806 |
Disposal | - | –603 | –603 | –95,218 | - | –95,218 |
Acquisition costs as at 31 December | 6,038 | 6,935 | 12,973 | 6,038 | 4,106 | 10,144 |
Accumulated amortisation as at 1 January | 6,038 | 3,445 | 9,483 | 77,442 | 3,168 | 80,610 |
Amortisation for the period | - | 405 | 405 | 4,477 | 277 | 4,755 |
Disposal | - | –603 | –603 | –75,881 | - | –75,881 |
Accumulated amortisation as at 31 December | 6,038 | 3,247 | 9,285 | 6,038 | 3,445 | 9,483 |
Theoretical values as at 31 December | - | 3,688 | 3,688 | - | 661 | 661 |
The theoretical capitalisation of the goodwill would affect the results of the consolidated financial statements as follows:
EFFECT ON the CONSOLIDATED INCOME STATEMENT
CHF 1,000 | 2025 | 2024 |
Net profit as per financial statements | 152,038 | 246,507 |
Goodwill recycling in connection with disposals | 603 | 95,218 |
Disposal of theoretical value of goodwill | 0 | –19,337 |
Amortisation of goodwill | –405 | –4,755 |
Theoretical net profit including goodwill amortisation | 152,237 | 317,633 |
EFFECT ON the CONSOLIDATED BALANCE SHEET
CHF 1,000 | 31.12.2025 | 31.12.2024 |
|---|---|---|
Equity as per financial statements | 1,454,002 | 1,339,505 |
Theoretical value of goodwill | 3,688 | 661 |
Theoretical equity when reporting goodwill | 1,457,690 | 1,340,166 |
Accounting principles |
|---|
Goodwill arising from acquisitions of consolidated and associated companies is charged against equity at the date of acquisition. The theoretical amortisation is based on a straight-line method over a useful life of five years. |
In a business acquisition achieved in stages (including transactions with minorities), the goodwill is determined on each separate transaction and offset against retained earnings. |
Companies sold are excluded from the scope of consolidation as at the date on which the Group ceases to have control, with any gain or loss (after goodwill recycling) recognised in the operating result. Any gain or loss from the disposal of associates (after goodwill recycling) is recognised in the result from associates. |
If there is any indication of impairment, an impairment test is performed immediately. If the theoretical carrying amount exceeds the recoverable amount, the theoretical impairment loss is disclosed in this note. |