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Distribution of profit
At the meeting held on 20th April 2022, 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) |
37.6 millions of euros |
Interest on shareholder contributions to share capital |
18.3 millions of euros |
Total distributable or net surplus available |
19.3 millions of euros |
Distribution of surplus
Compulsory Reserves Fund |
3.9 millions of euros |
Voluntary Reserves Fund |
10.2 millions of euros |
Education and Promotion Fund - Mandatory |
1.9 millions of euros |
Education and Promotion Fund - Voluntary |
3.3 millions of euros |
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