2.Information on balance sheet and income statement items

2.1Income from investments

This position includes dividend income from investments.

2.2Other 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.

2.3Financial expenses

Financial expenses mainly comprise foreign currency losses and interest expenses.

2.4Other operating expenses

The decrease in Other operating expenses is due to the loss on the sale of the majority stake in Lácteos Caprinos S.A. in the previous year.

2.5Investments

The above-mentioned investments are directly held by Emmi AG. Investments which are indirectly held by Emmi AG are mentioned in note 31 of the consolidated financial statements.

2.6Share capital and significant shareholders

The share capital of KCHF 53,498 as at 31 December 2021 consists of 5,349,810 registered shares with a nominal value of CHF 10 (unchanged on the previous year).

1,072,536 shares or 20.0% were not registered as at 31 December 2021 (previous year: 1,045,887 shares not registered or 19.5%).

The following significant shareholders with more than three percent of voting rights are known to the company:

As at 7 June 2016, Capital Group Companies, Inc., Los Angeles, US, informed us that it owned 268,500 registered shares of Emmi AG (5.019%). No further disclosure notifications have been made since.

As at 31 December 2021, Emmi Wohlfahrtsfonds (welfare fund) owned a total of 6,000 shares of Emmi AG (unchanged on the previous year).

2.7Capital contribution reserve

The capital contribution reserve results from capital contribution payments above the nominal amount during past years.