Proposed appropriation of retained earnings
The Board of Directors proposes to the Annual General Meeting of Shareholders to be held on 27 March 2024 that the available retained earnings of CHF 6,966 million for the financial year ending on 31 December 2023 be appropriated as follows:
| In CHF million | 31.12.2023 | |
|---|---|---|
| Appropriation of retained earnings | ||
| Retained earnings from previous year | 7,835 | |
| Ordinary dividend | (1,140) | |
| Balance carried forward from prior year | 6,695 | |
| Annual profit | 271 | |
| Retained earnings available to the Annual General Meeting | 6,966 | |
| Ordinary dividend of CHF 22.00 per share | (1,140) | |
| Balance to be carried forward | 5,826 | |
If the proposal is approved, a dividend of CHF 22 per share will be paid to shareholders on 4 April 2024.