Integrated Annual Report 2015
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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

  2015 2014
Available earnings    
Net income 300,924,316 301,351,042
Withdrawal from free reserves 10,000,000 0
Balance brought forward 4,036,493 15,092,694
Total available earnings 314,960,809 316,443,736
Proposed/paid dividend 312,176,147 312,407,243
Balance to be carried forward 2,784,662 4,036,493
Total appropriation of available earnings 314,960,809 316,443,736

Dividend payments

The Board of Directors proposes a dividend of CHF 8.40 per share (PY: CHF 8.30). 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.