Logitech 2007 Annual Report Download - page 162

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LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS—(Continued)
Note 6 — Significant Shareholders:
The Holding Company’s share capital consists of registered shares. To the knowledge of the Holding
Company, the only beneficial owner holding more than 5% of the voting rights of the Holding Company at
March 31, 2007 is Mr. Daniel Borel, a founder of the Company and its Chairman of the Board, who holds
11,000,000 shares or approximately 5.74%. On May 4, 2007, the Holding Company announced in the Swiss
Official Gazette of Commerce that its ownership of its shares in treasury had exceeded 5% of total shares issued.
As of May 10, 2007 the Holding Company held approximately 5.2% of total shares issued.
Note 7 — Movements on Retained Earnings:
During fiscal years 2006 and 2007, movements on retained earnings were as follows (in thousands):
Year ended March 31,
2007 2006
Retained earnings at the beginning of the year ............................ CHF352,032 CHF 327,892
Attribution to reserve for treasury shares ................................ (34,137) (20,834)
Net income for the year .............................................. 60,405 44,974
Retained earnings at the disposal of the Annual General Assembly ............ CHF378,300 CHF 352,032
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