Proposal for the appropriation of available earnings
| in CHF | 31.12.2015 | 31.12.2014 |
| Retained earnings carried forward | 15 378 660 | 3 770 735 |
| Net income | 16 587 084 | 12 222 925 |
| Retained earnings | 31 965 744 | 15 993 660 |
| Allocation to statutory retained earnings | 830 000 | 615 000 |
| Retained earnings to be carried forward | 31 135 744 | 15 378 660 |
Furthermore, the board of directors proposes that CHF 10 094 364 from the reserves from capital contributions be reclassified as voluntary free reserves and that the subsequent distribution to shareholders, which is exempt from withholding tax, be made as follows:
| in CHF | ||
| For each series A registered share | 2.05 net | |
| For each series B registered share | 20.50 net | |
Subject to approval by the general meeting of shareholders of the proposal put forward by the board of directors, distribution will be effected on Monday, April 18, 2016 («Payment Date»). No distribution is effected on shares held by the company.