Proposal of the Board of Directors for the appropriation of retained losses and proposal of the DISTRIBUTION FROM statutory capital reserves

in CHF

 

31.3.2018

 

 

 

Net loss

 

 

Brought for­ward from pre­vi­ous year

 

–111 012 463.90

Earn­ings from finan­cial year

 

910 112.40

Retained loss avail­able to AGM

 

–110 102 351.50

 

 

 

Appro­ba­tion

 

 

Off­set with oth­er reserves

 

3 410 406.60

Off­set with statu­to­ry cap­i­tal reserves

 

106 691 944.90

Bal­ance brought forward

 

0.00

In addi­tion, the Board of Direc­tors pro­pos­es a dis­tri­b­u­tion from the cap­i­tal reserves per reg­is­tered share (Name­nak­tie) with a nom­i­nal val­ue of CHF 22.50 of CHF 1.00, which cor­re­sponds to a pay­out yield of 3.27%. The com­po­si­tion of the statu­to­ry cap­i­tal reserve changes as follows:

in CHF

 

31.3.2018

 

 

 

Statu­to­ry cap­i­tal reserves at the begin­ning of the finan­cial year

 

170 558 099.18

Off­set with statu­to­ry cap­i­tal reserves

 

–106 691 944.90

Dis­tri­b­u­tion to the shareholders

 

–3 318 027.00

Statu­to­ry cap­i­tal reserves at the end of the finan­cial year

 

60 548 127.28