Consolidated financial statements 2023 of the Kuehne+Nagel Group

Statement of changes in equity

CHF million Note Share capital Share premium Treasury shares Cumulative translation adjustment Actuarial gains/ (losses) Retained earnings Total equity attributable to the equity holders of parent company Non- controlling interests Total equity
Balance as of January 1, 2023   121 606 –270 –1,406 –65 5,154 4,140 7 4,147
Earnings   1,431 1,431 33 1,464
Other comprehensive income  
Foreign exchange differences   –343 –343 –63 –406
Actuarial gains/(losses) on defined benefit plans, net of tax   –36 –36 –36
Total other comprehensive income, net of tax   –343 –36 –379 –63 –442
Total comprehensive income   –343 –36 1,431 1,052 –30 1,022
Purchase of treasury shares 20 –716 –716 –716
Disposal of treasury shares 20 –14 384 370 370
Dividend paid 20 –1,661 –1,661 –172 –1,833
Expenses for share-based compensation plans 22 23 23 23
Acquisition of subsidiaries 28 11 11
Transaction with non-controlling interests 28 –62 7 –55 190 135
Balance as of December 31, 2023   121 592 –602 –1,811 –101 4,954 3,153 6 3,159
CHF million Note Share capital Share premium Treasury shares Cumulative translation adjustment Actuarial gains/ (losses) Retained earnings Total equity attributable to the equity holders of parent company Non- controlling interests Total equity
Balance as of January 1, 2022   121 651 –93 –1,214 –144 3,883 3,204 7 3,211
Earnings   2,644 2,644 166 2,810
Other comprehensive income                    
Foreign exchange differences   –161 –161 –32 –193
Actuarial gains/(losses) on defined benefit plans, net of tax   79 79 79
Total other comprehensive income, net of tax   –161 79 –82 –32 –114
Total comprehensive income   –161 79 2,644 2,562 134 2,696
Purchase of treasury shares 20 –646 –646 –646
Disposal of treasury shares 20 –45 469 424 424
Dividend paid 20 –1,186 –1,186 –75 –1,261
Expenses for share-based compensation plans 22 21 21 21
Transaction with non-controlling interests 28 –31 –208 –239 –59 –298
Balance as of December 31, 2022   121 606 –270 –1,406 –65 5,154 4,140 7 4,147