Profit appropriation
No special rules have been established on the distribution of the result. The financial statements are adopted by the Board of Governors on the proposal of the Executive Board, who prepares the financial statements. The operating result 2022 amounts to €6,324,046 and is allocated as follows.
General reserve | ||||
Concern | 3,258,040 | |||
Management units | 2,693,593 | |||
Participating interests | 455,885 | |||
Earmarked reserve (private) | ||||
Reserves related parties | -83,472 | |||
Total | 6,324,046 |
The appropriation of earnings is reflected in the balance sheet as of December 31, 2022.
