Proposal for the appropriation of earnings
at the general meeting
The Board of Directors proposes that the retained earnings be appropriated as follows:
|
In CHF
|
2016
|
2015
|
|
Appropriation of retained earnings
|
|
|
|
|
|
|
|
Balance carried forward from prior year
|
1,671,247
|
(787,597)
|
|
Profit after tax
|
24,479,498
|
22,458,844
|
|
Total retained earnings
|
26,150,745
|
21,671,247
|
|
|
|
|
|
Withdrawal from free reserves
|
14,000,000
|
0
|
|
Dividend payment
|
40,000,000
|
20,000,000
|
|
Balance to be carried forward
|
150,745
|
1,671,247
|
|
Total appropriation of retained earnings
|
26,150,745
|
21,671,247
|
As the general reserves reached 20% of the share capital, no further allocation is made.
On behalf of the Board of Directors
Dr Pierin Vincenz
Chairman of the Board of Directors
