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

2019

2018

Appropriation of retained earnings

 

 

 

 

 

Balance carried forward from prior year

74,228,902

337,355

Profit after tax

164,811,640

113,891,547

Total retained earnings

239,040,542

114,228,902

 

 

 

Dividend payment

120,000,000

40,000,000

Balance to be carried forward

119,040,542

74,228,902

Total appropriation of retained earnings

239,040,542

114,228,902

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