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