• 2.Information on balance sheet and income statement items
Jahresrechnung der emmi ag

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.