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Annual Report 2019
Annual Report 2019
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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 6 April 2020 that the available retained earnings of CHF 6,685 million for the financial year ending on 31 December 2019, be ap­pro­pri­ated as follows:

In CHF million   31.12.2019
In CHF million     31.12.2019 
In CHF millionAppropriation of retained earnings
In CHF millionRetained earnings from previous year    31.12.20196,424
In CHF millionOrdinary dividend    31.12.2019(1,140)
In CHF millionBalance carried forward from prior year    31.12.20195,284
In CHF millionNet income for the year    31.12.20191,401
In CHF millionRetained earnings available to the Annual General Meeting    31.12.20196,685
In CHF millionOrdinary dividend of CHF 22.00 per share    31.12.2019(1,140)
In CHF millionBalance to be carried forward    31.12.20195,545

In the event that the proposal is approved, a dividend per share will be paid to shareholders on 14 April 2020 as follows:

Per registered share   CHF
Per registered shareOrdinary dividend, gross    CHF22.00
Per registered shareLess 35% withholding tax    CHF(7.70)
Per registered shareNet dividend payable    CHF14.30