The Legal capital reserves’ movements occurred in 2023 are explained in Note 6 Share capital. The share issuance costs have been offset against the Legal capital reserves.
in million |
|
EUR |
|
Values in CHF |
||||
|---|---|---|---|---|---|---|---|---|
2023 |
|
|
|
|
||||
- Cash contributions 2022 (opening balance 1 January 2023) |
|
1 |
|
1 |
||||
- 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 |
||||
|
|
|
|
|
||||
2024 |
|
|
|
|
||||
- Opening balance 1 January 2024 |
|
30,832 |
|
28,550 |
||||
- Exchange difference |
|
|
|
469 |
||||
- Dividend distribution |
|
(414) |
|
(390) |
||||
- From reserve for treasury shares |
|
44 |
|
42 |
||||
- Accrued interest on announced buy-out DSM N.V. shares |
|
(4) |
|
(4) |
||||
Closing balance on 31 December 2024 |
|
30,458 |
|
28,667 |
||||
|
|
|
|
|
||||
Of which: |
|
|
|
|
||||
- Reserves from capital contributions |
|
22,771 |
|
21,432 |
||||
- Other capital reserves |
|
7,687 |
|
7,235 |
||||
|
||||||||
On 7 May 2024, the Board of Directors proposed to the Annual General Meeting a dividend distribution of €663 million (CHF 623 million). The Annual General Meeting approved the proposed appropriation of available earnings and Reserves from capital contributions. The total distributed dividend amounted to €660 million (CHF 621 million) and was paid out on 16 May 2024 as follows: €414 million (CHF 390 million) out of the Reserves from capital contributions and €246 million (CHF 231 million) out of available earnings.
|
|
2024 |
|
2023 |
||||
|---|---|---|---|---|---|---|---|---|
in million |
|
EUR |
|
Values in CHF |
|
EUR |
|
Values in CHF |
Legal capital reserves as per statutory financial statements of DSM-Firmenich AG |
|
30,458 |
|
28,667 |
|
30,832 |
|
28,550 |
|
|
|
|
|
|
|
|
|
Capital increase 1 - contribution in kind on 20.04.2023 |
|
(17,975) |
|
(16,918) |
|
(17,975) |
|
(16,645) |
Capital increase 2 - contribution in kind on 03.05.2023 |
|
(1,870) |
|
(1,760) |
|
(1,870) |
|
(1,732) |
Reserve for treasury shares |
|
– |
|
– |
|
44 |
|
41 |
Accrued interest on announced buy-out DSM B.V. shares |
|
28 |
|
27 |
|
24 |
|
22 |
Legal capital reserves not included in consolidated financial statements |
|
(19,817) |
|
(18,651) |
|
(19,777) |
|
(18,314) |
|
|
|
|
|
|
|
|
|
Share premium as per consolidated financial statements as of 1 January 2023 |
|
471 |
|
443 |
|
471 |
|
436 |
Movement reconciled carried forward from prior year |
|
205 |
|
193 |
|
– |
|
– |
Cancellation of ordinary shares |
|
– |
|
– |
|
(2) |
|
(2) |
Swap shares |
|
– |
|
– |
|
248 |
|
230 |
Liability to non-tendered shareholders DSM N.V. (B.V.) shares |
|
– |
|
– |
|
(42) |
|
(39) |
Expenditure issuance new shares |
|
(4) |
|
(4) |
|
– |
|
– |
Other |
|
– |
|
– |
|
1 |
|
1 |
Included in the share premium as per consolidated financial statements |
|
672 |
|
632 |
|
676 |
|
626 |
Share premium as per consolidated financial statements |
|
11,313 |
|
10,648 |
|
11,731 |
|
10,862 |
As capital increase 4 in the year 2023 was realized via the issuance of new shares, the Share premium amounting to €10,776 million was included in the Legal capital reserves.