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 | |
|---|---|---|
| In CHF million | 31.12.2020 | |
| In CHF millionAppropriation of retained earnings | ||
| In CHF millionRetained earnings from previous year | 31.12.20206,686 | |
| In CHF millionOrdinary dividend | 31.12.2020(1,140) | |
| In CHF millionBalance carried forward from prior year | 31.12.20205,546 | |
| In CHF millionNet income for the year | 31.12.202089 | |
| In CHF millionChanges in treasury shares | 31.12.2020(1) | |
| In CHF millionRetained earnings available to the Annual General Meeting | 31.12.20205,634 | |
| In CHF millionOrdinary dividend of CHF 22.00 per share | 31.12.2020(1,140) | |
| In CHF millionBalance to be carried forward | 31.12.20204,494 | |
In the event that the proposal is approved, a dividend of CHF 22 per share will be paid to shareholders on 8 April 2021.