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
|
2017
|
2016
|
|
Appropriation of retained earnings
|
|
|
|
|
|
|
|
Balance carried forward from prior year
|
150,745
|
1,671,247
|
|
Profit after tax
|
27,186,609
|
24,479,498
|
|
Total retained earnings
|
27,337,355
|
26,150,745
|
|
|
|
|
|
Withdrawal from free reserves
|
123,000,000
|
14,000,000
|
|
Dividend payment
|
150,000,000
|
40,000,000
|
|
Balance to be carried forward
|
337,355
|
150,745
|
|
Total appropriation of retained earnings
|
27,337,355
|
26,150,745
|
As the general reserves reached 20% of the share capital, no further allocation is made.
On behalf of the Board of Directors
Pascal Niquille
Chairman of the Board of Directors
