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96 Financial <strong>Report</strong><br />
––<br />
Proposed Appropriation of<br />
Retained Earnings<br />
Proposed appropriation of retained earnings<br />
CHF 1’000 <strong>2011</strong><br />
Retained earnings from prior year 11’895<br />
Transfer from reserves for treasury shares 2’801<br />
Net income 7’539<br />
To be carried forward 22'235<br />
Proposed appropriation of legal reserve from capital contributions<br />
CHF 1’000 <strong>2011</strong><br />
Legal reserve from capital contributions since 1997 89’089<br />
Withholding tax free distribution of CHF 1.20 per share -4’032<br />
To be carried forward 85’057
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