According to the company’s articles of association the Board of Management may, with the approval of the Supervisory Board, increase the reserves by an amount equal to, at most, half of the profit available for distribution. The remaining portion is at the disposal of the General Shareholders’ Meeting. The General Shareholders’ Meeting can decide to distribute all or part of the remaining portion. Undistributed profit is added to the reserves.
Proposal appropriation of the profit for 2012
At the time of publication of this annual report, a proposal for appropriation of the 2012 profit had not yet been adopted.