Consolidated financial statements 2024 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, 2024   121 592 –602 –1,811 –101 4,954 3,153 6 3,159
Earnings   – – – – – 1,181 1,181 49 1,230
Other comprehensive income  
Foreign exchange differences   – – – 78 – – 78 17 95
Actuarial gains/(losses) on defined benefit plans, net of tax   – – – – –1 – –1 – –1
Total other comprehensive income, net of tax   – – – 78 –1 – 77 17 94
Total comprehensive income   – – – 78 –1 1,181 1,258 66 1,324
Purchase of treasury shares 20 – – –51 – – – –51 – –51
Disposal of treasury shares 20/28 – –29 157 – – – 128 – 128
Dividend paid 20 – –207 – – – –975 –1,182 –24 –1,206
Expenses for share-based compensation plans 22 – – – – – 22 22 – 22
Transaction with non-controlling interests 28 – – – 17 – –82 –65 –46 –111
Balance as of December 31, 2024   121 356 –496 –1,716 –102 5,100 3,263 2 3,265
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 20/28 – –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