Annual Report 2011 - Hong Kong Monetary Authority

Approval of the financial statements and proposed allocation
We hereby submit the financial statements for fiscal year
2011 for your approval, together with our proposal for the
allocation of available income.
Proposal of the Board of Directors concerning
the appropriation of earnings
Net income for 2011 CHF 101,551,482.–
Net income brought forward from previous year CHF 11,281,088.–
Total CHF 112,832,570.–
which we propose to appropriate as follows:
Payment of a 175% ordinary dividend on
200,000 registered shares with a par value of CHF 100
CHF 20,000,000 at 175%
50,000 bearer shares with a par value of CHF 500
CHF 35,000,000.–
CHF 25,000,000 at 175% CHF 43,750,000.–
Total ordinary dividend CHF 78,750,000.–
Allocation to statutory general reserves Nil
Allocation to other reserves CHF 29,439,264.–
Net income carried forward CHF 4,643,306.–
Total CHF 112,832,570.–
Subject to your acceptance of our proposal, the dividend will
be made payable via Coupon No. 25 from 8 May 2012 at all
the domestic counters of UBS, Credit Suisse, Rothschild
Bank AG and Banque Privée Edmond de Rothschild SA,
at the rate of CHF 175 per registered share with a par value of
CHF 100 and CHF 875 per bearer share with a par value
of CHF 500, less 35% withholding tax.
104 2011 ANNUAL REPORT - BANQUE PRIVÉE EDMOND DE ROTHSCHILD SA
Following the allocation of CHF 29,439,264 to other reserves,
shareholders’ equity will amount to CHF 684,028,305, or
9.2% of the balance sheet total.