- The Stories
- Investor Relations
- Corporate Governance
- Financial Report 2022
- Chief financial officer’s report
- Five-year consolidated data
- Consolidated financial statements
- Notes to the consolidated financial statements
- 1 Reporting entity
- 2 Summary of significant accounting policies
- 3 Scope of consolidation
- 4 Sales – Revenue from contracts with customers
- 5 Sales – Income from operating lease arrangements (group as lessor)
- 6 Segment information
- 7 Operating expenses by nature
- 8 Research and development
- 9 Other operating result
- 10 Financial result
- 11 Earnings per share
- 12 Employee benefits
- 13 Income taxes
- 14 Cash and cash equivalents
- 15 Other current financial assets
- 16 Trade accounts receivable
- 17 Inventories
- 18 Non-current financial assets
- 19 Property, plant and equipment
- 20 Right-of-use assets (group as lessee)
- 21 Intangible assets and goodwill
- 22 Financial liabilities
- 23 Contract liabilities
- 24 Government grants
- Statutory Auditor´s Report on the Consolidated Financial Statements
- Balance sheet of Tecan Group Ltd.
- Income statement of Tecan Group Ltd.
- Notes to the financial statements of Tecan Group Ltd.
- 1 Reporting entity
- 2 Summary of significant accounting policies
- 3 Investments in subsidiaries
- 4 Bond
- 5 Provision for general business risks
- 6 Shareholders’ equity
- 7 Gain on sale of financial investments
- 8 Number of employees
- 9 Number of shares and share options
- 10 Guarantees in favor of third parties
- 11 Liabilities from lease arrangements not included in the balance sheet
- 12 Subsequent events
- Statutory Auditor`s Report on the Financial Statements of Tecan Group Ltd.
- Global
26 SHAREHOLDERS’ EQUITY
26.1 SHARE CAPITAL AND CAPITAL RESERVE
Holders of ordinary shares are entitled to dividends and to one vote per share at the General Meetings of Shareholders. All payments of the shareholders in excess of the nominal value of the share (CHF 0.10 / share) are classified to capital reserve (share premium).
26.2 NATURE AND PURPOSE OF THE EQUITY RESERVES
26.2.1 Translation differences
The translation differences comprise all foreign currency differences arising from the translation of the financial statements of foreign
operations from their functional currency into the reporting currency (CHF).
26.3 MOVEMENTS IN SHARES ISSUED AND OUTSTANDING
| 2021 | 2022 |
Shares (each share has a nominal value of CHF 0.10) |
|
|
Balance at January 1 | 11,958,845 | 12,678,108 |
New shares issued based on employee participation plans (conditional share capital increase) | 69,263 | 53,333 |
Authorized share capital increase | 650,000 | - |
|
|
|
Balance at December 31 | 12,678,108 | 12,731,441 |
26.4 DIVIDENDS PAID
| 2021 | 2022 | 2023 |
Number of shares eligible for dividend | 12,005,310 | 12,713,261 | 12,731,441 |
Dividends paid (CHF/share) | 1.15 | 1.40 | 1.45 |
Payout from statutory capital contribution reserve (CHF/share) | 1.15 | 1.40 | 1.45 |
26.5 CONDITIONAL SHARE CAPITAL RESERVED FOR THE EMPLOYEE PARTICIPATION PLANS
| 2021 | 2022 |
Shares (each share has a nominal value of CHF 0.10) |
|
|
Balance at January 1 | 344,367 | 275,104 |
New shares issued based on employee participation plans | (69,263) | (53,333) |
|
|
|
Balance at December 31 | 275,104 | 221,771 |
|
|
|
Maximum of employee share options and employee shares outstanding | 143,141 | 135,305 |
26.5 CONDITIONAL AND AUTHORIZED SHARE CAPITAL FOR THE PURPOSE OF FUTURE BUSINESS DEVELOPMENT
| 31.12.2021 | 31.12.2022 |
Conditional share capital |
|
|
Shares (with a nominal value of CHF 0.10 each) | 1,800,000 | 1,800,000 |
CHF | 180,000 | 180,000 |
|
|
|
Authorized share capital |
|
|
Expiry date | 17.04.2022 | - |
Shares (with a nominal value of CHF 0.10 each) | 1,650,000 | - |
CHF | 165,000 | - |
In September 2021, the Group placed 650’000 shares from the authorized share capital in a private placement by way of an accelerated bookbuilding process. The net proceeds were used to partly refinance the acquisition of the Paramit Group. The remaining authorized share capital expired in April 2022 without renewal.
26.7 CAPITAL MANAGEMENT
The Board’s policy is to maintain a strong capital base in order to ensure investor, creditor and market confidence and to sustain future development of business. It is the Group’s target to keep a minimum equity ratio of 30% (reported in 2022: 64.2% and 2021: 61.4%), which limits the level of borrowings. Changes to this target are subject to the Board of Directors’ approval. In addition, al l covenants relating to bank liabilities must be satisfied at any time.
The Board of Directors monitors both the earnings per share and the ability of the Group to undertake future business development.
Amongst others it may initiate share buyback programs in order to rebalance the position of the Group in relation to these targets.
The level of dividend payments to shareholders shall be kept on a constant and ongoing level.
There were no changes in the Group’s approach to capital management during the year.
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