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

 

Net income for 2021 reported in the income statement

– 8,018,924

Retained earnings carried forward

1,359,699,213

Retained earnings

1,351,680,289

 

 

Transfer to statutory revenue reserves

0

Balance to be carried forward

1,351,680,289

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