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

  2020 2019
Available earnings    
Net income 600,617,258 549,799,986
Balance brought forward 3,037,795 10,211,072
Total available earnings 603,655,053 560,011,058
Transfer to free reserves 190,000,000 150,000,000
Proposed/paid dividend 409,495,216 406,973,263
Balance to be carried forward 4,159,837 3,037,795
Total appropriation of available earnings 603,655,053 560,011,058

Dividend payments

The Board of Directors proposes a dividend of CHF 11.40 per share (PY: CHF 11.30). 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.