Proposal for allocation of profit
The Annual General Meeting to be held in Zurich on 14 May 2004 has at its disposal the following profit:
| in CHF |
2002
|
2003
|
|
|
||
| Retained earnings brought forward from previous year |
16405444
|
6528835
|
| Profit for the financial year |
105502459
|
1189752912
|
|
|
||
| Disposable profit |
121907903
|
1196281747
|
|
|
||
|
Number of
registered shares |
Nominal
capital in CHF |
|
|
|
||
Share structure |
||
| For the financial year 2003 | ||
| - eligible for dividend |
310379068
|
31037907
|
| - not eligible for dividend |
11678802
|
1167880
|
|
|
||
| Total shares issued |
322057870
|
32205787
|
|
|
||
The Board of Directors proposes to the Annual General Meeting to allocate this profit as follows:
| in CHF |
2002
|
2003
|
|
|
||
| Dividend |
310379068
|
341416975
|
| Withdrawal from reserves |
-195000000
|
-
|
| Allocation to reserves |
-
|
795000000
|
| Balance carried forward |
6528835
|
59864772
|
|
|
||
| Disposable profit |
121907903
|
1196281747
|
|
|
||
Dividend
If the Board of Directors’ proposal for allocation of profit is accepted, a dividend of CHF 1.10 per share will be paid.
After deduction of the Federal Withholding Tax of 35%, the dividend will be paid from 19 May 2004 by means of dividend order to shareholders recorded in the Share Register or to their deposit banks.
Zurich, 24 March 2004
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