Appropriation of retained earnings
Proposal for the appropriation of available retained earnings as at 30 June 2019
|
|
|
|
|
CHF million |
| Financial year ended 30.06.2019 |
| Financial year ended 30.06.2018 |
Retained earnings carried forward from previous year |
| 372.0 |
| 301.9 |
Allocation to/from reserves for treasury shares |
| –30.1 |
| 9.0 |
Net profit for the period |
| 62.1 |
| 61.1 |
Unappropriated retained earnings at the end of the period |
| 404.0 |
| 372.0 |
Allocation from reserves from capital contributions |
| 67.2 | 1) | 63.0 |
Total at the AGM’s disposal |
| 471.2 |
| 435.0 |
1)Reserves from capital contributions will only be released in the amount of the resolution of the AGM.
The BoD will propose the following appropriation of retained earnings to the shareholders at the AGM on 22 October 2019: distribution from the reserves from capital contributions of CHF 67,200,416 (2017/18: CHF 63,000,390) on the basis of the share capital of CHF 420,002 (4,200,026 shares at CHF 0.10) (2017/18: CHF 420,002); no contribution to other reserves (2017/18: CHF 0).
Proposal for the distribution to the shareholders
CHF million |
| Proposal to the AGM 2019 |
| Approved by the AGM 2018 |
Distribution from reserves from capital contributions |
| 67.2 | 1) | 63.0 |
To be carried forward |
| 404.0 |
| 372.0 |
Total at the AGM’s disposal |
| 471.2 |
| 435.0 |
1)After approval by the AGM, the amount will be paid out free of Swiss withholding tax from the reserves from capital contributions.
After approval of this proposal by the AGM, the distribution from the reserves from capital contributions will be paid out on 28 October 2019 according to the instructions received: CHF 16.00 (2017/18: CHF 15.00) gross per listed registered share at CHF 0.10 par value.