4.3 Subsidiaries with non-controlling interests
The Group companies of TX Group and their respective shares of capital and voting rights are detailed in Note 4.2. The balance sheet date for all Group companies is 31 December. With regard to non-controlling interests, there are no significant statutory, contractual or regulatory restrictions affecting access to or use of the Group’s assets or with regard to the TX Group’s settlement of its obligations.
Detailed information on the Group companies with significant non-controlling interests is provided in the table below (figures prior to intercompany eliminations):
| in CHF mn | 2022 | 2021 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| Name | JobCloud AG | JobCloud AG | Goldbach Media (Switzerland) AG | Goldbach Media (Switzerland) AG | ||||
| Share of Group capital | 50.0% | 50.0% | 54.0% | 54.0% | ||||
| Capital share of non-controlling interests | 50.0% | 50.0% | 46.0% | 46.0% | ||||
| Balance sheet | ||||||||
| Current assets | 125.2 | 68.5 | 81.4 | 73.8 | ||||
| Non-current assets | 476.5 | 508.6 | 209.3 | 222.6 | ||||
| Assets | 601.7 | 577.2 | 290.7 | 296.4 | ||||
| Current liabilities | 76.6 | 68.3 | 61.4 | 53.2 | ||||
| Non-current liabilities | 34.0 | 40.7 | 27.7 | 32.9 | ||||
| Equity, attributable to TX Group AG shareholders | 250.6 | 239.1 | 98.1 | 113.6 | ||||
| Equity, attributable to non-controlling interests | 240.6 | 229.1 | 103.4 | 96.7 | ||||
| Liabilities and shareholders' equity | 601.7 | 577.2 | 290.7 | 296.4 | ||||
| Income statement | ||||||||
| Revenues | 138.0 | 113.8 | 61.1 | 56.2 | ||||
| Operating expenses | (57.3) | (43.4) | (32.6) | (26.5) | ||||
| Share of net income / (loss) of associates / joint ventures | 23.8 | 13.8 | 0.0 | 0.1 | ||||
| Operating income / (loss) before depreciation and amortisation (EBITDA) | 104.5 1 | 84.2 1 | 28.5 | 29.8 | ||||
| Depreciation and amortisation | (6.6) | (4.7) | (1.6) | (1.1) | ||||
| Operating income before effects of business combinations (EBIT b. PPA) | 97.9 | 79.5 | 26.9 | 28.7 | ||||
| Depreciation and amortisation resulting from business combinations | (10.3) | (10.3) | (12.7) | (12.8) | ||||
| Operating income / (loss) (EBIT) | 87.6 | 69.1 | 14.2 | 15.9 | ||||
| Net financial income / (loss) | (0.8) | (0.2) | 0.3 | (0.0) | ||||
| Income / (loss) before taxes | 86.8 | 68.9 | 14.5 | 15.8 | ||||
| Income taxes | (12.2) | (10.6) | (2.5) | (2.6) | ||||
| Income / (loss) of continued operations | 74.6 | 58.4 | 12.0 | 13.2 | ||||
| Net income / (loss) | 74.6 | 58.4 | 12.0 | 13.2 | ||||
| attributable to non-controlling interests | 37.3 | 29.2 | 5.5 | 6.1 | ||||
| Other comprehensive income / (loss) | 4.4 | 1.3 | 2.4 | 0.9 | ||||
| Total comprehensive income | 79.0 | 59.7 | 14.4 | 14.1 | ||||
| attributable to non-controlling interests | 39.5 | 29.9 | 6.6 | 6.5 | ||||
| Dividends paid to non-controlling interests | 28.0 | 21.5 | 10.7 | 8.5 | ||||
| Cash flows | ||||||||
| Cash flow from / (used in) operating activities | 66.8 | 68.6 | 19.9 | 3.4 | ||||
| Cash flow from / (used in) investing activities | 15.9 | (21.3) | (0.6) | (2.2) | ||||
| Cash flow from / (used in) financing activities | (75.5) | (44.2) | (24.5) | (19.5) | ||||
| Change in cash and cash equivalents | 7.1 | 3.2 | (5.3) | (18.3) | ||||
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1 Includes the share of net income of associate Karriere.at GmbH (see Note 4.4).
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With regard to JobCloud AG, TX Group and Ringier have agreed on a control option that allows TX Group to exercise control, resulting in its consolidation pursuant to IFRS.