ARTICLE · 03 SEPTEMBER 1997
Articles of Association IV - Accounting Principles
SwitzerlandEmployment and HR
Article 18 - Annual Accounts
The business year begins on January 1 and ends on December 31, for the first time on December 31, [ ] (see endnote 81).
The annual accounts, consisting of the profit and loss statement, the balance sheet and the annex (see endnote 82), shall be drawn up in accordance with Swiss obligation law, in particular art. 662a et seq. and 958 et seq. CO, and in accordance with generally accepted commercial principles and customary rules in that business area.
Article 19 - Distribution of Profits
Subject to the legal provisions regarding the distribution of profits, in particular art. 671 et seq. CO, the profits as shown on the balance sheet may be allocated by the Shareholders Meeting at its discretion.
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