4. OTHER FINANCIAL INFORMATION
4.1 Goodwill arising from acquisitions
Theoretical movements in goodwill
1st half 2026 | 1st half 2025 | |||||
|---|---|---|---|---|---|---|
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 | - | 3,688 | 3,688 | - | 661 | 661 |
Acquisition costs as at 1 January | 6,038 | 6,935 | 12,973 | 6,038 | 4,106 | 10,144 |
Acquisition costs as at 30 June | 6,038 | 6,935 | 12,973 | 6,038 | 4,106 | 10,144 |
Accumulated amortisation as at 1 January | 6,038 | 3,247 | 9,285 | 6,038 | 3,445 | 9,483 |
Amortisation for the period | - | 421 | 421 | - | 139 | 139 |
Accumulated amortisation as at 30 June | 6,038 | 3,668 | 9,706 | 6,038 | 3,584 | 9,622 |
Theoretical values as at 30 June | - | 3,266 | 3,266 | - | 522 | 522 |
The theoretical capitalisation of the goodwill would affect the results of the consolidated financial statements as follows:
Effect on consolidated income statement
CHF 1,000 | 1st half 2026 | 1st half 2025 |
Net profit as per financial statements | 67,542 | 80,215 |
Amortisation of goodwill | –421 | –139 |
Theoretical net profit including goodwill amortisation | 67,120 | 80,076 |
Effect on consolidated balance sheet
CHF 1,000 | 30.06.2026 | 31.12.2025 |
|---|---|---|
Equity as per financial statements | 1,484,709 | 1,454,002 |
Theoretical value of goodwill | 3,266 | 3,688 |
Theoretical equity when reporting goodwill | 1,487,976 | 1,457,690 |
Accounting principles |
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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. |
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. |
4.1 Financial assets
CHF 1,000 | 30.06.2026 | 31.12.2025 |
|---|---|---|
Loans to third parties | 5,517 | 5,517 |
Investments in associates | 7,128 | 7,148 |
Other financial assets | 9,628 | 24,282 |
Total financial assets | 22,273 | 36,948 |
In the first half 2026, in other financial assets, the minority interests in PHM Group TopCo Oy (31.12.2025: CHF 13 million) and Nexthink SA (31.12.2025: CHF 2 million) were sold. The gain on the disposals of CHF 10.2 million is recognised in income from disposal of financial assets (see Note 3.1).
Accounting principles |
|---|
Long-term loans and other long-term receivables are stated at nominal value. |
Investments in associates are all companies on which the Investis Group exerts significant influence but does not have control. This is generally evidenced when the Investis Group holds voting rights and share capital ownership of between 20% and 50% of a company. They are valued and accounted for using the equity method. Goodwill arising from acquisition is charged against equity at the acquisition date. |
Ownership of shares in organisations where Investis has voting rights of less than 20% of the total is recognised as other financial assets at acquisition cost, less any necessary write-downs. |
If there is any indication of impairment, an impairment test is performed immediately. If the carrying amount exceeds the recoverable amount, an impairment loss is recognised in the income statement. |