In the General Meeting of Shareholders in May 2018 the proposal for appropriation of profit 2017 was approved. The distributable amount of the net profit amounts to €5.6 million which has been fully distributed as cash dividend.
Due to the IFRS 9 accounting change the available for sale reserve has been reclassified to retained earnings as per January 1, 2018. The reserve will no longer be recycled to the P&L. In order to compensate the shareholders for potential loss of future dividends, an additional amount of €8.5 million has been distributed.