Annual Report 2016

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
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.