in CHF mn Capital stock Capital surplus Treasury shares Currency translation differences Retained earnings Equity attributable to Sika shareholders Non-controlling interests Total
Equity
January 1, 2019 1.4 203.1 -11.1 -614.2 2,066.5 1,645.7 29.5 1,675.2
Impact of initial application of IFRS 16 Leases 1         -8.6 -8.6 -0.1 -8.7
January 1, 2019 (adjusted)  1.4     203.1 -11.1 -614.2 2,057.9 1,637.1 29.4 1,666.5
Net profit         751.9 751.9 6.6 758.5
Other comprehensive income       -133.6 4.2 -129.4 -0.9 -130.3
Comprehensive income 0.0 0.0 0.0 -133.6 756.1 622.5 5.7 628.2
Transactions with treasury shares 2     3.8   -7.6 -3.8   -3.8
Share-based payments         7.9 7.9   7.9
Dividends 3         -290.6 -290.6 -2.8 -293.4
Issue of convertible bond 4         1,137.5 1,137.5   1,137.5
Tax impact 5         -0.9 -0.9   -0.9
Non-controlling interests from acquisitions 6           0.0 10.8 10.8
Buyout of existing non-controlling interests 7         -3.9 -3.9 -6.0 -9.9
Inflation adjustment 8         18.3 18.3   18.3
December 31, 2019 1.4 203.1 -7.3 -747.8 3,674.7 3,124.1 37.1 3,161.2
                 
in CHF mn Capital stock
Capital surplus Treasury shares Currency translation differences Retained earnings Equity attributable to Sika shareholders Non-controlling interests Total
Equity
January 1, 2020 1.4 203.1 -7.3 -747.8 3,674.7 3,124.1 37.1 3,161.2
Net profit         824.5 824.5 0.6 825.1
Other comprehensive income       -299.9 -13.0 -312.9 -0.2 -313.1
Comprehensive income 0.0 0.0 0.0 -299.9 811.5 511.6 0.4 512.0
Transactions with treasury shares 2     2.1   -8.1 -6.0   -6.0
Share-based payments         9.7 9.7   9.7
Dividends 9         -326.0 -326.0 -1.0 -327.0
Non-controlling interests from acquisitions 10           0.0 0.1 0.1
Buyout of existing non-controlling interests 11         -44.5 -44.5 -34.4 -78.9
Inflation adjustment 8         16.9 16.9   16.9
December 31, 2020 1.4 203.1 -5.2 -1,047.7 4,134.2 3,285.8 2.2 3,288.0

Notes

1 Including deferred taxes of CHF 1.0 million.

2 Including income tax of CHF 0.2 million (CHF 0.1 million) in retained earnings.

3 Dividend per registered share (par value CHF 0.01): CHF 2.05.

4 For details on the convertible bond see note 20. This takes into account a deferred tax effect of CHF 1.4 million, see note 8.

5 Tax rate changes on items that were recognized directly in equity.

6 Non-controlling interests from the acquisition of Parex (see page 113 of the download version of this report).

7 Complete buyout of Sodap Maroc SA, Morocco, as well as Apurva India Pvt. Ltd., India, see page 113 of the download version of this report.

8 Hyperinflation accounting concerns the subsidiaries in Argentina.

9 Dividend per registered share (par value CHF 0.01): CHF 2.30.

10 Non-controlling interests from the acquisition of Modern Waterproofing Company S.A.E, Egypt (see page 115 et seq. of the download version of this report).

11 Complete buyout of Sika Arabia Holding Company WLL, Bahrain (including the Arabian subsidiaries), and Parex S.A., France. Furthermore, increase in shareholdings in Mortero Spa, Algeria.