Appropriation of Profit
Profit and Appropriation of Profit
The net profit for the year amounts to CHF 1 920 911 041. The Board of Directors proposes to the General Meeting of Shareholders to appropriate the profit in accordance with the table below. If the Board of Directors’ proposal is adopted, a distribution in the form of a reduction of CHF 5 in the par value per share will be paid.
Profit shown in the Balance Sheet
| | | | |
|
| Balance carried forward from previous year | | 3 047 818 | | 3 403 418 | |
|
| Net profit | | 1 920 911 041 | | 334 644 400 | |
|
| Total profit shown in the balance sheet | | 1 923 958 859 | | 338 047 818 | |
|
Appropriation of profit
| | | | |
|
| Dividend | | – | | – | |
|
| Allocation to legal reserves | | – | | – | |
|
| Allocation to free reserves | | 1 920 000 000 | | 335 000 000 | |
|
| Balance carried forward to new account | | 3 958 859 | | 3 047 818 | |
|
| Total profit shown in the balance sheet | | 1 923 958 859 | | 338 047 818 | |
|
Zurich, 23 March 2009
For the Swiss Life Holding Board of Directors
Bruno Gehrig Gerold Bührer
