History Note 3

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

  2017 2016
Available earnings    
Net income 501,972,181 389,770,714
Balance brought forward 3,169,266 3,812,822
Total available earnings 505,141,447 393,583,536
Transfer to free reserves 120,000,000 20,000,000
Proposed/paid dividend 383,096,241 370,414,270
Balance to be carried forward 2,045,206 3,169,266
Total appropriation of available earnings 505,141,447 393,583,536

Dividend payments

The Board of Directors proposes a dividend of CHF 10.40 per share (PY: CHF 10.00). 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.