Notes to the Consolidated Financial Statements (18) Cash and cash equivalents Cash includes cash on hand and demand deposits. The movement in cash and cash equivalents is shown in detail in the cash flow statement. The Group has legal or economic restrictions on CHF 5.8 million (2017: CHF 7.4 million). (19) Assets classified as held for sale At the 2018 and 2017 balance sheet dates no assets are classified as held for sale. (20) Equity As per year ending 2018 the share capital consists of 253,440 registered shares with a par value of CHF 500 each (2017: the share capital consists of 176,000 registered shares with a par value of CHF 500 each and the participation capital consists of 774,400 participation certificates with a par value of CHF 50 each. The participation capital has no voting rights). The extraordinary General Meeting held at March 6, 2018 resolved to convert the participation capital of Hilti Corporation into share capital. The 774,400 participation certificates with a par value of CHF 50 each are converted to 77,440 registered shares with a par value of CHF 500 each. The share capital now consists of 253,440 registered shares with a par value of CHF 500 each. The total capital has not changed and continues to amount to CHF 126.7 million. All the capital is fully paid in and is entitled to dividends. The capital reserve contains the share premium from capital increases and capital accruing from merges in previous years. A dividend in respect of the year ended December 31, 2018, of CHF 1,075 per share, amounting to a total of CHF 272.4 million (financial year 2017: CHF 263.6 million), is to be proposed at the Annual General Meeting. This future proposed dividend is not recognized in these financial statements. 2018 Financial Report | 54