Statutory financial statements
Proposed appropriation of retained earnings
The Board of Directors proposes to the General Assembly that the retained earnings be appropriated as follows:
| CHF | 2021 | 2020 |
|---|---|---|
| Balance carried forward from the previous year | 399,085,757.72 | 365,815,233.71 |
| Profit for the year | 104,716,744.90 | 71,138,387.07 |
| Retained earnings | 503,802,502.62 | 436,953,620.78 |
| Appropriation to the general legal reserves | – | – |
| Dividend payment | 53,110,767.99 | 37,867,863.06 |
| Balance to be carried forward | 450,691,734.63 | 399,085,757.72 |
| Total appropriation | 503,802,502.62 | 436,953,620.78 |
Since legal capital reserves and legal retained earnings have reached 50% of the share capital, no more funds will be allocated to these accounts.
Aarau, 26 April 2022
On behalf of the Board of Directors:
Adrian Bult, Chairman