Appropriation of available earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders on April 13, 2021 to allocate the voluntary retained earnings as follows:
| 31.12.2019 Approved | 31.12.2020 Proposed |
CHF 1,000 |
|
|
Carried forward from previous year | 201,945 | 203,204 |
|
|
|
Net profit | 14,380 | 20,850 |
|
|
|
Available retained earnings | 216,325 | 224,054 |
|
|
|
Dividend paid as approved by the annual general meeting of shareholders on April 7, 2020: CHF 1.10 per share with a nominal value of CHF 0.10 each (total 11,927,914 shares eligible for dividend) | (13,121) |
|
|
|
|
Dividend proposed: CHF 1.15 per share with a nominal value of CHF 0.10 each (total 11,958,845shares eligible for dividend)1 |
| (13,753) |
|
|
|
Balance to be carried forward | 203,204 | 210,301 |
The Board of Directors also proposes to the Annual General Meeting of Shareholders to allocate the capital contribution reserve as follows:
| 31.12.2019 Approved | 31.12.2020 Proposed |
CHF 1,000 |
|
|
Carried forward from previous year | 55,032 | 65,703 |
|
|
|
New shares issued based on employee participation plans | 23,792 | 24,418 |
|
|
|
Available capital contribution reserve | 78,824 | 90,121 |
|
|
|
Allocation to free reverse and payout as approved by the annual general meeting of shareholders on April 7, 2020: CHF 1.10 per share with a nominal value of CHF 0.10 each (total 11'927'914 shares eligible for payout) | (13,121) |
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|
|
|
Allocation to free reserve and payout (exempt form Swiss withholding tax) proposed: CHF 1.15 per share with a nominal value of CHF 0.10 each (total 11,958,845shares eligible for payout)1 |
| (13,753) |
|
|
|
Balance to be carried forward | 65,703 | 76,368 |
- These numbers are based on the outstanding share capital at December 31, 2020. The number of shares eligible for dividend and payout may change due to he repurchase or sale of treasury shares and the issuance of up to 90’477 new shares from the conditional share capital reserved for employee participation plans.
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