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ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

ANNUAL REPORT 2011 A.S. CRÉATION TAPETEN AG

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PROFIT APPROPRIATION PROPOSAL<br />

Balance sheet of A.S. Création Tapeten <strong>AG</strong> according to HGB 118<br />

Profit appropriation proposal 120<br />

This English translation of the annual report <strong>2011</strong> is merely a convenience translation.<br />

The German version is the prevailing one.<br />

PROFIT APPROPRIATION PROPOSAL<br />

117

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