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Distribution of profit
At the meeting held on 19th April 2023, the General Assembly approved the following distribution of profits:
Distribution basis
Profits for the financial year (following allocations made to the Education and Promotion Fund, and after taxes) |
59.956 millions of euros |
Interest on shareholder contributions to share capital |
22.443 millions of euros |
Total distributable or net surplus available |
37.513 millions of euros |
Distribution of surplus
Compulsory Reserves Fund |
7.503 millions of euros |
Voluntary Reserves Fund |
23.917 millions of euros |
Education and Promotion Fund - Mandatory |
3.751 millions of euros |
Education and Promotion Fund - Voluntary |
2.342 millions of euros |
Total distributed |
37.513 millions of euros |
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