Annual Report

Consolidated statement of changes in equity

Consolidated statement of changes in equity
in 1,000 CHF Cooperative capitalRetained earnings reserveReserves for general banking risksCurrency translation differencesMinority interestsProfitTotal
Equity capital at the beginning of the current year2,519,47514,863,859200,00012-70,543860,64718,373,450
Capital increase255,591-----255,591
Capital decrease -82,962------82,962
Changes in minority interests-----185--185
Changes to the consolidated Group / other changes1--440,819-----440,819
Currency translation differences----1---1
Interest on the cooperative capital------65,119-65,119
Allocation to voluntary retained earnings reserves-795,528----795,528-
Profit----24,1841,068,7901,092,974Kontrolle (Bilanz)
Equity capital at the end of the current year2,692,10415,218,568200,00011-46,5441,068,79019,132,92919,132,929
1 In accordance with the transitional regulations pursuant to AO Art. 98 (1), the Raiffeisen Group funded the value adjustment for expected losses in the amount of CHF 493,2 million as well as provisions for expected losses in the amount of CHF 30,4 million, effective as of 1 January 2021, outside profit and loss via the retained earnings reserve. As a result of this reduction of the retained earnings reserve, the provisions for deferred taxes have gone down by CHF 83,2 million. The reduction was posted in a manner analogous to the funding of the risk provisions for expected losses outside profit or loss via the retained earnings reserve. The effects of this initial funding are listed under "Other changes" in this table.