Item 2
Appropriation of retained earnings and distribution
A. Proposed appropriation of retained earnings and distribution out of the capital contribution reserve
The Board of Directors proposes the following appropriation:
CHF million |
31 December 2012 |
Loss for the period |
(6,645) |
Total available for appropriation |
(6,645) |
Appropriation to other reserves |
(1,751) |
Appropriation to general statutory reserve: retained earnings |
(4,894) |
Total appropriation |
(6,645) |
The Board of Directors proposes the payout of CHF 0.15 per share of CHF 0.10 par value out of the capital contribution reserve.
CHF million, except where indicated |
31 December 2012 |
Total capital contribution reserves before proposed distribution |
42,184 1, 2 |
Proposed distribution out of the capital contribution reserve within general statutory reserve: CHF 0.15 per dividend-bearing share 3 |
(575) |
Total capital contribution reserves after proposed distribution |
41,609 |
B. Explanation
The loss for the financial year 2012 will partly be attributed to other reserves and partly to the general statutory reserve.
Provided that the proposed distribution out of the capital contribution reserve is approved, the payment of CHF 0.15 per share would be made on 10 May 2013 to holders of shares on the record date 8 May 2013. The shares will be traded ex-dividend as of 6 May 2013, and accordingly the last day on which the shares may be traded with entitlement to receive a payout will be 3 May 2013.