Annual Report 2021

Annual Report 2021

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3. Profit distribution

Proposal for the appropriation of available earnings

Proposal by the Board of Directors to the General Meeting:

Appropriation of available earnings

 

 

2021

 

2020

 

 

CHF

 

CHF

Available earnings

 

 

 

 

Net income

 

700,922,366

 

600,617,258

Balance brought forward

 

5,053,597

 

3,037,795

Total available earnings

 

705,975,963

 

603,655,053

 

 

 

 

 

Transfer to free reserves

 

250,000,000

 

190,000,000

Proposed/paid dividend

 

446,465,425

 

408,601,456

Balance to be carried forward

 

9,510,538

 

5,053,597

Total appropriation of available earnings

 

705,975,963

 

603,655,053

Dividend payments

The Board of Directors proposes a dividend of CHF 12.50 per share (PY: CHF 11.40). 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.