Financial Statements of Repower AG, Brusio

Appropriation of retained earnings

The board of directors proposes the following appropriation of retained earnings to the annual general meeting:

Net earnings for the year 2017

TCHF

25,336

Retained earnings carried forward

TCHF

41,018

Retained earnings

TCHF

66,354

 

 

 

Amount carried to other reserves

TCHF

–30,000

Balance carried forward

TCHF

36,354

Poschiavo, 19 April 2018

For the board of directors:

Peter Eugster
Vice-Chairman of the Board of Directors