Logitech 2011 Annual Report Download - page 248

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236
Note 7 — Movements on Retained Earnings:
During fiscal years 2011 and 2010, movements on retained earnings were as follows (in thousands):
Year ended March 31,
2011 2010
Retained earnings at the beginning of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . CHF 349,312 CHF354,924
Release from (attribution to) reserve for treasury shares .................... 138,205 (30,122)
Net income for the year ............................................. 20,213 24,510
Retained earnings at the disposal of the Annual General Assembly ........... CHF507,730 CHF 349,312
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.
Note 9 — Risk Assessment:
A discussion of the Holding Company’s risk assessment is included in Note 18-Other Disclosures Required
by Swiss Law in the consolidated financial statements of Logitech International S.A.
********************************
LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS (continued)