Capital management
The participation of SRLC Re’s Risk Management in the planning process is described in SRLC Re Risk Management Standards as well as in the Group Risk Management Standards. In particular, SRLC Re’s Risk Management performs a risk review on any prospective intra-group transactions from both a quantitative and qualitative perspective. In addition, SRLC Re relies on support from other Group Risk Management functions for certain tasks in its risk oversight of planning.
Change in shareholder’s equity
| Download |
CHF millions |
Share capital |
Legal capital |
Legal profit |
Voluntary profit |
Retained earnings brought forward |
Net income for |
Total Shareholder’s |
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Shareholder’s equity 16.08.20161 |
|
|
|
|
|
|
0 |
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Dividend for the financial year 2016 |
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|
|
|
|
|
|
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Share capital increase |
10 |
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|
|
|
|
10 |
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Legal reserves from organisational funds |
|
2 |
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|
|
|
2 |
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Allocation to legal capital reserves from capital contributions |
|
164 |
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|
|
|
164 |
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Allocation to voluntary profit reserves |
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|
|
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|
|
|
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Net income for the financial year |
|
|
|
|
|
3 |
3 |
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Shareholder’s equity 31.12.2017 |
10 |
166 |
|
|
|
3 |
179 |
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|
|
|
|
|
|
|
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Shareholder’s equity 1.1.2018 |
10 |
166 |
|
|
3 |
|
179 |
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Dividend for the financial year 20172 |
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|
|
|
|
|
|
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Share capital increase |
|
|
|
|
|
|
|
||||
Legal reserves from organisational funds |
|
|
|
|
|
|
|
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Allocation to legal capital reserves from capital contributions |
|
65 |
|
|
|
|
65 |
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Allocation to voluntary profit reserves |
|
–161 |
|
161 |
|
|
0 |
||||
Net income for the financial year |
|
|
|
|
|
42 |
42 |
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Shareholder’s equity 31.12.2018 |
10 |
70 |
|
161 |
3 |
42 |
286 |
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Shareholder’s equity
Shareholder’s equity increased from CHF 179 million as of 31 December 2017 to CHF 286 million as of 31 December 2018.
The increase reflected the capital injection in cash of CHF 65 million and the net income for the financial year 2018 of CHF 42 million.