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:
a) Capital Contribution Reserves
Reclassification of capital contribution reserve from the legal reserves to the free reserves:
CHF 21,501,404
b) Appropriation of available earnings
| 2019 | 2018 | |
| CHF | CHF | |
| Available earnings | ||
| Net income | 549,799,986 | 480,166,127 |
| Balance brought forward | 10,211,072 | 2,563,126 |
| Total available earnings | 560,011,058 | 482,729,253 |
| Transfer to free reserves | 150,000,000 | 80,000,000 |
| Proposed/paid dividend | 409,928,699 | 392,518,181 |
| Balance to be carried forward | 82,359 | 10,211,072 |
| Total appropriation of available earnings | 560,011,058 | 482,729,253 |
Dividend payments
The Board of Directors proposes a dividend of CHF 11.30 per share (PY: CHF 10.80). 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.
