Annual Report 2021
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Proposed appropriation of retained earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders to be held on 30 March 2022 that the available retained earnings of CHF 4,680 million for the financial year ending on 31 December 2021 be appropriated as follows:
| In CHF million | 31.12.2021 | |
|---|---|---|
| Appropriation of retained earnings | ||
| Retained earnings from previous year | 5,634 | |
| Ordinary dividend | (1,140) | |
| Balance carried forward from prior year | 4,494 | |
| Net income for the year | 185 | |
| Changes in treasury shares | 1 | |
| Retained earnings available to the Annual General Meeting | 4,680 | |
| Ordinary dividend of CHF 22.00 per share | (1,140) | |
| Balance to be carried forward | 3,540 | |
In the event that the proposal is approved, a dividend of CHF 22 per share will be paid to shareholders on 5 April 2022.