Dividends
Allocation of profits – reserve
The credit balance indicated by the profit and loss account after all costs, the necessary provisions and depreciations have been deducted, constitutes the company’s true profit. Of this profit at least one-twentieth is withheld to make up the legal reserve until this reaches one-tenth of the authorised stock. For the remaining balance, it is the General Meeting which decides, at the suggestion of the Board of Directors, the use to which it will be put.
No distribution may occur if on the day of concluding the relevant financial year the net assets, as stated in the annual statements, have declined or as a consequence of such distribution would decline below the amount of paid-up capital, multiplied by all reserves which the law or the Articles of Association stipulates may not be distributed. 
Interim dividends
The Board of Directors has the authority to declare an interim dividend on the results of the financial year. This distribution may only occur on the profit of the ongoing financial year, in certain instances reduced by the carried-over loss or multiplied by the carried-over profit, without withdrawal from the reserves which must be constituted in terms of legal or statutory provisions.
Payment of dividends
Payment of dividends occurs annually at the same time in one distribution, or over a number of times in a manner and at the times determined by the Board of Directors.
Any dividend payments will also be announced on this website.