Proposed appropriation of available earnings
in CHF 000s|
Available earnings |
31.12.2017 |
31.12.2016 |
|
Retained earnings carried forward |
2,423 |
4,763 |
|
Net profit |
436,487 |
67,660 |
|
Available for distribution by the General Meeting |
438,910 |
72,423 |
Appropriation of available earnings
The Board of Directors proposes that the General Meeting approve the distribution of a dividend of CHF 10.00 (previous year CHF 5.90) gross per registered share for the 2017 financial year on 5,349,810 shares entitled to dividends. The Board of Directors likewise proposes that the distribution of CHF 7.00 per share be paid out of the capital contribution reserve (exempt from withholding tax) and CHF 3.00 per share be paid out of of retained earnings (subject to withholding tax).
|
Earnings available for distribution by the General Meeting |
438,910 |
72,423 |
|
Allocation from confirmed capital contribution reserve |
37,449 |
31,564 |
|
Dividend |
-53,498 |
-31,564 |
|
Allocation to free reserves |
-420,000 |
-70,000 |
|
Carried forward to new account |
2,861 |
2,423 |
|
|
|
|
|
Total distribution |
53,498 |
31,564 |
|
Of which from confirmed capital contribution reserve (exempt from withholding tax) |
-37,449 |
-31,564 |
|
Of which from other available earnings |
-16,049 |
– |