Logitech 2004 Annual Report Download - page 132
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LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS—(Continued)
Note 7 — Movements on Retained Earnings:
During fiscal years 2003 and 2004, movements on retained earnings were as follows (in thousands):
Year ended March 31,
2004 2003
Retained earnings at the beginning of the year ........................... CHF141,036 CHF 140,688
Netincomefortheyear ............................................. 115,928 348
Retained earnings at the disposal of the Annual General Meeting ............ CHF256,964 CHF 141,036
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