The fiscal year begins on 1 January and closes on 31 December.
FINANCIAL STATEMENT AND CONSOLIDATED STATEMENT
The annual financial statements and the group financial statements must be prepared in compliance with applicable law and applicable accounting principles.
DISTRIBUTION OF PROFITS
The following rules apply to the distribution of profits: After all write-offs have been made and provisions have been established which are commercially indicated and required by law, the earnings are allocated to the statutory reserve pursuant to Article 671 SCO. The earnings remaining after such allocation are, within the limits provided by law, subject to free disposition by the General Meeting at the request of the Board of Directors. All shares are on the basis of their nominal amounts entitled to the same dividend.