Appropriation of balance sheet profits
Proposal for appropriation of available retained earnings as at 30 June 2018
|
|
|
|
|
in CHF million |
| 2018 |
| 2017 |
Unappropriated retained earnings at the beginning of the period |
| 301.9 |
| 288.2 |
Allocation from/to reserves for own shares |
| 9.0 |
| –17.6 |
Net profit for the period |
| 61.1 |
| 31.3 |
Unappropriated retained earnings at the end of the period |
| 372.0 |
| 301.9 |
Allocation from reserve from capital contribution |
| 63.0 | 1) | 58.8 |
Total at the Annual General Meeting’s disposal |
| 435.0 |
| 360.7 |
1)Reserve from capital contribution will only be released in the amount of the resolution of the Annual General Meeting.
The Board of Directors will propose the following appropriation of balance sheet profits to the shareholders at the Annual General Meeting of 23 October 2018: distribution from reserve from capital contribution of CHF 63,000,390 (CHF 58,800,364 in the prior year) on the share capital of CHF 420,002 (CHF 420,002 in the prior year), no contribution to other reserves (CHF 0 in the prior year).
Proposal for the distribution to the shareholders
in CHF million |
| Proposal to the Annual General Meeting 2018 |
| Proposal to the Annual General Meeting 2017 |
Proposed distribution from reserve from capital contribution |
| 63.0 | 2) | 58.8 |
To be carried forward |
| 372.0 |
| 301.9 |
Total at the Annual General Meeting’s disposal |
| 435.0 |
| 360.7 |
2)After approval of the Annual General Meeting the amount will be paid out free of Swiss withholding tax from capital contribution reserve.
After approval of this proposal by the Annual General Meeting the distribution from reserve of capital contribution will be paid out on 29 October 2018 as follows according to instructions received: CHF 15.00 (CHF 14.00 in the prior year) gross per listed registered share at CHF 0.10 par value.