Annual Report 2010/11 - Sonova

164
Appropriation of Available Earnings
As proposed by the Board of Directors to the Annual General Shareholders’ meeting of June 21, 2011:
1,000 CHF 31.3.2011 31.3.2010 1)
Carried forward from previous year 498,858 364,169
Allocation from/(to) reserve for treasury shares 21,047 (9,659)
Net profit for the year 231,131 223,543
Available earnings 751,036 578,053
Allocation from general reserve 30,643
Allocation to reserve from capital contributions (108,233)
Dividend distribution (79,195)
Balance to be carried forward 673,446 498,858
1) Approved by the Annual General Shareholders’ meeting of June 15, 2010.
Capital Contribution Principle – Impact on the Equity
1,000 CHF
Share
capital
General
reserve
Reserve from
capital
contributions
Reserve for
treasury
shares
Free Reserve Retained
earnings
Total share-
holders’
equity
Balances March 31, 2011 3,326 32,443 116,055 5,306 751,036 908,166
Allocation from reserve from capital
contributions to other free reserve1) (79,761) 79,761
Distribution2) Allocation to reserve from capital
(79,761) (79,761)
contributions 108,233 (108,233)
Allocation to the available earnings
Pro forma balances after the Annual
(30,643) 30,643
Shareholders’ Meeting 2011 3,326 1,800 144,527 5,306 673,446 828,405
1) Proposal by the Board of Directors to the Annual General Shareholders’ meeting of June 21, 2011.
2) If the Annual General Shareholders’ meeting approves the proposed appropriation of available earnings, a distribution of CHF 1.20 per registered share of
CHF 0.05 will be paid out (previous year CHF 1.20).