The Legal capital reserves result from the events as explained in Note 6 Share capital. The share issuance costs have been offset against the Legal capital reserves.
x million |
|
EUR |
|
Values in CHF |
||||
|---|---|---|---|---|---|---|---|---|
Legal capital reserves |
|
|
|
|
||||
- Cash contributions 2022 (opening balance 1 January 2023) |
|
1 |
|
1 |
||||
- Decrease share capital to zero on 20.04.2023 |
|
- |
|
- |
||||
- Capital increase 1 – contribution in kind on 20.04.2023 |
|
17,975 |
|
16,644 |
||||
- Capital increase 2 – contribution in kind on 03.05.2023 |
|
1,870 |
|
1,732 |
||||
- Capital increase 3 – 08.05.2023 (issued at nominal value) |
|
- |
|
- |
||||
- Capital increase 4 – contribution in kind on 08.05.2023 |
|
10,776 |
|
9,979 |
||||
- Paid-in capital surplus1 |
|
732 |
|
678 |
||||
- Dividend distribution |
|
(425) |
|
(394) |
||||
- To reserve for treasury shares |
|
(44) |
|
(41) |
||||
- Accrued interest on announced buy-out DSM N.V. shares |
|
(24) |
|
(22) |
||||
- Other expenditures related to the share issuance |
|
(29) |
|
(27) |
||||
Closing balance on 31 December 2023 |
|
30,832 |
|
28,550 |
||||
|
|
|
|
|
||||
Of which: |
|
|
|
|
||||
- Reserves from capital contributions |
|
23,145 |
|
21,432 |
||||
- Other capital reserves |
|
7,687 |
|
7,118 |
||||
|
||||||||
On 6 June 2023, the Board of Directors proposed to the extraordinary shareholders’ meeting an extraordinary dividend distribution. The extraordinary shareholders’ meeting held on 29 June 2023, approved the appropriation of available earnings as proposed by the Board of Directors. The extraordinary dividend of €425 million (CHF 394 million) was paid out of the capital contribution reserve on 6 July 2023.
Reconciliation Legal capital reserves and Share premium as per consolidated financial statements
x million |
|
EUR |
|
Values in CHF |
|---|---|---|---|---|
Legal capital reserves as per statutory financial statements of DSM-Firmenich AG |
|
30,832 |
|
28,550 |
|
|
|
|
|
Capital increase 1 – contribution in kind on 20.04.2023 |
|
(17,975) |
|
(16,645) |
Capital increase 2 – contribution in kind on 03.05.2023 |
|
(1,870) |
|
(1,732) |
Reserve for treasury shares |
|
44 |
|
41 |
Accrued interest on announced buy-out DSM N.V. shares |
|
24 |
|
22 |
Included in the legal capital reserves |
|
(19,777) |
|
(18,314) |
|
|
|
|
|
Opening share premium as per consolidated financial statements |
|
471 |
|
436 |
Cancellation of ordinary shares DSM N.V. |
|
(2) |
|
(2) |
Swap shares DSM N.V. into DSM-Firmenich AG |
|
248 |
|
230 |
Liability to non-tendered shareholders DSM N.V. |
|
(42) |
|
(39) |
Other |
|
1 |
|
1 |
Included in the share premium as per consolidated financial statements |
|
676 |
|
626 |
Share premium as per consolidated financial statements |
|
11,731 |
|
10,862 |