Logitech 2012 Annual Report Download - page 284

The Swiss Federal Act on Stock Exchanges and Securities Trading of March 24, 1995 (“SESTA”) requires
shareholders who own voting rights exceeding certain percentage thresholds of a company incorporated in
Switzerland whose shares are listed on a stock exchange in Switzerland to notify the company and the relevant
Swiss exchange of such holdings. Following receipt of this notification, the company is required to inform the
public in Switzerland.
Note 8 — Movements on Retained Earnings:
During fiscal years 2012 and 2011, movements on retained earnings were as follows (in thousands):
Year ended March 31,
2012 2011
Retained earnings at the beginning of the year . . . . . . . . . . . . . . . . . . . . . . . . . . . CHF507,730 CHF 349,312
Release from (attribution to) reserve for treasury shares .................... (51,880)138,205
Net income for the year ............................................. 5,069 20,213
Retained earnings at the disposal of the Annual General Assembly ........... CHF460,919 CHF 507,730
Note 9 — 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 10 — Risk Assessment:
A discussion of the Holding Company’s risk assessment is included in Note 16-Other Disclosures Required
by Swiss Law in the consolidated financial statements of Logitech International S.A.
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LOGITECH INTERNATIONAL S.A., APPLES
NOTES TO SWISS STATUTORY FINANCIAL STATEMENTS (continued)
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