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CHF 1000<br />

at 31 December 2010<br />

PROPOSED aPPROPRIatION OF REtaINED EaRNINGS<br />

The Board of Directors proposes to the Annual Shareholders’ Meeting of 4 April 2012,<br />

to carry forward the retained earnings of CHF 27.7 million.<br />

Retained earnings at 31 December 2011 27 651<br />

Balance to be carried forward 27 651<br />

Since the legal reserves have reached 20 % of the share capital, there will be no further<br />

allocation to the legal reserves.<br />

At the Annual Shareholders’ Meeting on 4 April 2012, the Board of Directors will<br />

propose that no dividend be paid for the 2011 financial year because of the net loss.<br />

67<br />

Income Statement and Balance Sheet | Notes | earningS | Statutory Auditors | Financial Calendar/Contacts

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