Share development

   

CHF     2015 2014
Cash flow (net cash from operating activities) per registered share A   5.78 3.31
  per registered share B   28.89 16.57
Net result per registered share A   –15.10 3.44
  per registered share B   –75.51 17.20
Equity per registered share A   27.07 40.10
  per registered share B   135.37 200.48
Withholding tax-free distribution against reserves from capital contributions per registered share A   0.00 1 1.50
  per registered share B   0.00 1 7.50
Stock market prices per registered share B high 351 425
    low 173 218
    at year-end 280 301
Annual trading volume in CHF million     1,241 1,289
Stock market capitalisation as at 31 December in CHF million     1,118 1,205

1 Proposal of the Board of Directors to the next General Meeting of Shareholders. Subject to definitive approval by the General Meeting of Shareholders. Distribution to shareholders of a withholding tax-free appropriation from the capital contribution reserve.