Capital management

The participation of the Company’s Risk Management in the planning process is described in the Company Risk Management Standards as well as in the Group Risk Management Standards. In particular, the Company’s Risk Management performs a risk review on any prospective intra-group transactions from both a quantitative and qualitative perspective. In addition, the Company relies on support from other Group Risk Management functions for certain tasks in its risk oversight of planning.

Change in shareholder’s equity

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CHF millions

Share capital

Legal capital reserves

Legal profit reserves

Voluntary profit reserves

Retained earnings brought forward

Net income for the financial year

Total Share­holder’s equity

1

Incorporation date

Shareholder’s equity 16.8.20161

0

 

 

 

 

 

0

Share capital increase

10

 

 

 

 

 

10

Legal reserves from organisational funds

 

2

 

 

 

 

2

Allocation to legal capital reserves from capital contributions

 

164

 

 

 

 

164

Net income for the financial year

 

 

 

 

 

3

3

Shareholder’s equity 31.12.2017

10

166

 

 

 

3

179

Shareholder’s equity

As of 31 December 2017, shareholder’s equity amounted to CHF 179 million consisting of legal reserves from capital contributions of CHF 166 million, share capital in an amount of CHF 10 million and net income for the financial year of CHF 3 million.

For more details on valuation differences between shareholder’s equity and the SST net asset value, please refer to the Valuation section of this report.