Appropriation of available earnings

The Board of Directors proposes to the Annual General Meeting of Shareholders on April 16, 2015 to allocate retained earnings as follows:

CHF 1,000

2013
Approved

2014
Proposed

Carried forward from previous year

121,184

135,471

   

Net profit

19,565

48,752

Change in reserve for treasury shares

11,373

4,104

   
Available retained earnings 152,122

188,327

   

Dividend paid as approved by the annual general meeting of shareholders on April 14, 2014:
CHF 0.50 per share with a nominal value of CHF 0.10 each
(total  11,100,381 shares eligible for dividend)

(16,651)

 

   

Dividend proposed:
CHF 1.50 per share with a nominal value of CHF 0.10 each
(total 11,158,556 shares eligible for dividend)1

 

(16,738)

   

Balance to be carried forward

135,471

171,589

1 These numbers are based on the outstanding share capital at December 31, 2014. The number of shares eligible for dividend may change due to the repurchase or sale of treasury shares and the issuance of new shares from the conditional share capital reserved for employee participation plans. At the end of 2014, a total of 58’114 options were exercisable before the date of the dividend payment.