Logitech 2010 Annual Report Download - page 230
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218
LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS (continued)
Note 7 — Movements on Retained Earnings:
During fiscal years 2010 and 2009, movements on retained earnings were as follows (in thousands):
Year ended March 31,
2010 2009
Retained earnings at the beginning of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . CHF 354,924 CHF 316,586
Release from (attribution to) reserve for treasury shares .................... (30,122)11,062
Net income for the year ............................................. 24,510 27,276
Retained earnings at the disposal of the Annual General Assembly ........... CHF 349,312 CHF 354,924
Note 8 — Compensation and Security Ownership of Board Members and Executive Officers:
In accordance with the Swiss Code of Obligations, the compensation and security ownership of members
of the Board of Directors of Logitech International S.A. and of Logitech executive officers is presented in the
consolidated financial statements of Logitech International S.A., Apples.
Note 9 — Risk Assessment:
A discussion of the Holding Company’s risk assessment is included in Note 19-Other Disclosures Required
by Swiss Law in the consolidated financial statements of Logitech International S.A.
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