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 | 2014 |
---|---|---|
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: | (16,651) |
|
Dividend proposed: | (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.