Appropriation of net profit

in CHF	2017	2016
Net profit for the year	89’300’000	4’800’000
Unallocated profit carried forward from previous year	67’624’595	82’184’595
Total available profit	156’924’595	86’984’595
Proposal by the Board of Directors: Appropriation from free reserves	–	100’000’000

Ordinary dividend	–119’150’826	–119’360’001

Balance carried forward	37’773’769	67’624’595

Distribution per share CHF 0.01
Gross dividend	3.50	3.50
less 35% withholding tax	1.23	1.23
Net payment	2.27	2.27

The Board of Directors proposes the payment of a dividend of CHF 3.50 per share to the Annual General Meeting on April 4, 2018. The company will not pay a dividend on treasury shares held by Sulzer Ltd or one of its subsidiaries.