Financial report  >  Financial statements Geberit AG

Notes to the Financial Statements

  1. 1.1 Guarantees, assets pledged in favor of third parties

  2. 1.2 Significant investments

  3. 1.3 Share capital

  4. 1.4 Capital contribution reserves

  5. 1.5 Treasury shares

  6. 1.6 Remuneration, loans and shareholdings of members of the board of directors and of the group executive board

  7. 1.7 Significant shareholders

  8. 1.8 Risk management

  9. 2. Other Disclosures required by the law

    Proposal for the Appropriation of Available Earnings

    Proposal by the Board of Directors to the General Meeting:

    Appropriation available earnings

      2012 2011
      CHF CHF
    Available earnings    
    Net income 299,990,789 394,676,067
    Balance brought forward 1,684,725 7,008,658
    Withdrawal from legal capital contribution reserves 105,835,596 243,009,932
    Total available earnings 407,511,110 644,694,657
         
    Transfer to free reserves 150,000,000 400,000,000
    Proposed/Paid distribution of capital contribution reserves 105,835,596 243,009,932
    Proposed dividend 143,634,023  
    Balance to be carried forward 8,041,491 1,684,725
    Total appropriation of available earnings 407,511,110 644,694,657

    Distribution of capital contribution / Dividend payments

    The Board of Directors proposes a redemption of capital contribution of CHF 2.80 per share and a dividend of CHF 3.80 per share. In the previous year, a redemption of capital contribution of CHF 6.30 per share was paid out. In line with the capital contribution law which is effective from January 1st, 2011, similar to a redemption of the nominal value of the shares, the redemption of capital contribution is not subject to withholding tax. However the dividend payment is subject to withholding tax.

    The number of shares with dividend rights will change if the number of shares held by Geberit AG changes. The Board of Directors may adapt the total amount of the proposed withdrawal from legal capital contribution reserves and the proposed dividend to the number of shares with dividend rights at the General Meeting.