Notes to the Financial Statements
1. Standards
2. Other statutory disclosures
3. Profit distribution
Proposal for the Appropriation of Available Earnings
Proposal by the Board of Directors to the General Meeting:
Appropriation of available earnings
| 2016 | 2015 | |
|---|---|---|
| CHF | CHF | |
| Available earnings | ||
| Net income | 389,770,714 | 300,924,316 |
| Withdrawal from free reserves | 0 | 10,000,000 |
| Balance brought forward | 3,812,822 | 4,036,493 |
| Total available earnings | 393,583,536 | 314,960,809 |
| Transfer to free reserves | 20,000,000 | 0 |
| Proposed/paid dividend | 370,414,270 | 311,147,987 |
| Balance to be carried forward | 3,169,266 | 3,812,822 |
| Total appropriation of available earnings | 393,583,536 | 314,960,809 |
Dividend payments
The Board of Directors proposes a dividend of CHF 10.00 per share (PY: CHF 8.40). 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 therefore adapt the total amount of the proposed dividend to the number of shares with dividend rights at the General Meeting.