Annual Report 2020

Proposal of the Board of Directors

Proposal of the Board of Directors

Appropriation of retained earnings

The Board of Directors proposes to the Annual General Meeting to allocate the retained earnings as follows:

CHF

 

Gain on merger with Alpiq Holding Ltd. (UID n° CHE-100.032.288)

1,526,081,136

Net income for 2020 reported in the income statement

– 119,857,413

Retained earnings

1,406,223,723

 

 

Dividend of CHF 1.40 per share

– 46,354,510

Transfer to statutory revenue reserves

– 170,000

Balance to be carried forward

1,359,699,213

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