Appropriation of Profit

Financial Part

Annual profit amounts to CHF 719 091 523. The Board of Directors proposes to the General Meeting of Shareholders that the profit be appropriated in accordance with the table below. If this proposal is adopted, an ordinary dividend of CHF 21.00 per share will be made from profit.

The proposal of the Board of Directors to the General Meeting of Shareholders on 28 April 2021 is based on shares entitled to a dividend as at 31 December 2020. Thus, the effective dividend payment and the resulting balance carried forward from the previous year are calculated on the basis of the share capital issued on the last trading day prior to the dividend payment, less the own capital shares held at that time. The last trading day with entitlement to receive the distribution is 26 April 2021.

Profit shown in the balance sheet

In CHF	2020	2019
Balance carried forward from previous year	373 786	–
Dividend not paid on treasury shares	26 652 960	–
Annual profit	719 091 523	758 292 876
TOTAL PROFIT SHOWN IN THE BALANCE SHEET	746 118 269	758 292 876