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

2018

2017

Appropriation of retained earnings

 

 

 

 

 

Balance carried forward from prior year

337,355

150,745

Profit after tax

113,891,547

27,186,609

Total retained earnings

114,228,902

27,337,355

 

 

 

Withdrawal from free reserves

123,000,000

Dividend payment

40,000,000

150,000,000

Balance to be carried forward

74,228,902

337,355

Total appropriation of retained earnings

114,228,902

27,337,355

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