Proposed appropriation of retained earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders to be held on 31 March 2021 that the available retained earnings of CHF 5,634 million for the financial year ending on 31 December 2020 be appropriated as follows:
| In CHF million | 31.12.2020 | |
|---|---|---|
| Appropriation of retained earnings | ||
| Retained earnings from previous year | 6,686 | |
| Ordinary dividend | (1,140) | |
| Balance carried forward from prior year | 5,546 | |
| Net income for the year | 89 | |
| Changes in treasury shares | (1) | |
| Retained earnings available to the Annual General Meeting | 5,634 | |
| Ordinary dividend of CHF 22.00 per share | (1,140) | |
| Balance to be carried forward | 4,494 | |
In the event that the proposal is approved, a dividend of CHF 22 per share will be paid to shareholders on 8 April 2021.