2.Information on balance sheet and income statement items
2.1 Income from investments
This position includes dividend income from investments.
2.2 Other financial income
Other financial income mainly comprises foreign currency gains and interest income on loans granted to companies in which the entity holds an investment.
2.3 Financial expenses
Financial expenses mainly comprise foreign currency losses and interest expenses.
2.4 Investments
|
|
|
Capital in 000s |
Capital share |
Capital share |
|
|
Currency |
31.12.2019 |
31.12.2019 |
31.12.2018 |
|
Switzerland |
|
|
|
|
|
Baumann Käse AG, Zollikofen |
CHF |
100 |
100 % |
100 % |
|
Cetra Holding SA, Lugano |
CHF |
250 |
34 % |
34 % |
|
Emmi Finanz AG, Lucerne |
CHF |
100 |
100 % |
100 % |
|
Emmi Fondue AG, Langnau i.E. |
CHF |
3,000 |
100 % |
100 % |
|
Emmi Frisch-Service AG, Schlieren 1) |
CHF |
– |
– |
100 % |
|
Emmi International AG, Lucerne |
CHF |
5,000 |
100 % |
100 % |
|
Emmi Management AG, Lucerne |
CHF |
500 |
100 % |
100 % |
|
Emmi Schweiz AG, Lucerne |
CHF |
5,700 |
100 % |
100 % |
|
Fromco S.A. Moudon, Moudon |
CHF |
2,100 |
60 % |
60 % |
|
Holding der Schweizerischen Milchproduzenten AG in liquidation, Münchenbuchsee |
CHF |
100 |
100 % |
100 % |
|
Käserei Studer AG, Hefenhofen |
CHF |
720 |
100 % |
100 % |
|
Mittelland Molkerei AG, Suhr |
CHF |
20,000 |
100 % |
100 % |
|
Molkerei Biedermann AG, Bischofszell |
CHF |
1,010 |
100 % |
100 % |
|
MOPRO Luzern AG, Lucerne |
CHF |
120 |
100 % |
100 % |
|
Switzerland Cheese Marketing AG, Berne |
CHF |
290 |
23 % |
23 % |
|
Vermo Tiefkühl Pool AG, Lucerne |
CHF |
2,500 |
35 % |
35 % |
|
Spain |
|
|
|
|
|
Kaiku Corporación Alimentaria, S.L., San Sebastián |
EUR |
82,110 |
73 % |
73 % |
|
Lácteos Caprinos S.A., Campillo de Arenas |
EUR |
600 |
80 % |
80 % |
|
Austria |
|
|
|
|
|
Hale GmbH, Wartberg 2) |
EUR |
18 |
66 % |
– |
|
Leeb Biomilch GmbH, Wartberg 2) |
EUR |
70 |
66 % |
– |
|
Germany |
|
|
|
|
|
Emmi Deutschland GmbH, Essen |
EUR |
75 |
100 % |
100 % |
|
Netherlands |
|
|
|
|
|
Emmi Finance Netherlands B.V., Tiel |
EUR |
p.m. |
100 % |
100 % |
|
Italy |
|
|
|
|
|
Emmi Holding Italia S.r.l., Milan |
EUR |
1,714 |
70 % |
70 % |
|
United Kingdom |
|
|
|
|
|
Emmi UK Limited, London |
GBP |
4,717 |
100 % |
100 % |
|
Canada |
|
|
|
|
|
Emmi Canada Inc., Saint-Laurent |
CAD |
24,152 |
100 % |
100 % |
|
United States |
|
|
|
|
|
Emmi Holding (USA), Inc., Orangeburg |
USD |
1 |
100 % |
100 % |
1) Emmi Frisch-Service AG was sold on 3 April 2019.
2) Hale GmbH and Leeb Biomilch GmbH (Leeb Group) were acquired on 8 October 2019.
The above-mentioned investments are directly held by Emmi AG. Investments which are indirectly held by Emmi AG are mentioned in note 32 of the consolidated financial statements.
2.5 Share capital and significant shareholders
The share capital of KCHF 53,498 as at 31 December 2019 consists of 5,349,810 registered shares with a nominal value of CHF 10 (unchanged on the previous year).
|
Nominal capital |
31.12.2019 |
% |
31.12.2018 |
% |
|
ZMP Invest AG, Lucerne 1) |
28,488 |
53.2 |
28,488 |
53.2 |
|
Zentralschweizer Käsermeister Genossenschaft, Sursee 1) |
2,200 |
4.1 |
2,250 |
4.2 |
|
MIBA Milchverband der Nordwestschweiz, Aesch (BL) 1) |
1,790 |
3.3 |
1,810 |
3.4 |
|
Other |
21,020 |
39.4 |
20,950 |
39.2 |
|
Total |
53,498 |
100.0 |
53,498 |
100.0 |
1) ZMP Invest AG, Lucerne, the Zentralschweizer Käsermeister Genossenschaft, Sursee, and the MIBA Milchverband der Nordwestschweiz, Aesch (BL), form a Group in the sense of Article 121 FMIA. The Group owns 60.6 % (previous year: 60.8 %) of the total voting rights.
As at 7 June 2016, Capital Group Companies Inc., Los Angeles, US, informed us that it owned 268,500 shares of Emmi AG (5.019 %). No further disclosure notifications have been made since.
As at 31 December 2019, Emmi Wohlfahrtsfonds (welfare fund) owned a total of 6,000 shares of Emmi AG (unchanged on the previous year).
2.6 Capital contribution reserve
|
|
31.12.2019 |
31.12.2018 |
|
Confirmed by the tax authorities |
2,522 |
7,872 |
|
Not confirmed by the tax authorities |
5,772 |
5,772 |
|
Total |
8,294 |
13,644 |
The capital contribution reserve results from capital contribution payments above the nominal amount during past years.