9 - Reserve for retained earnings
The development of the retained earnings reserve is as follows:
Amounts in 1,000 euros | 2023 | 2022 |
Stand as of January 1 | 108,187 | 67,204 |
Mutation legal reserve for participating interests | 0 | 68 |
Mutation legal reserve for development costs | -7 | -1,116 |
Appropriation of net result | 49,620 | 42,029 |
Adjustment | -93 | 2 |
Balance as at December 31 | 157,707 | 108,187 |
The remaining reserves are 50% linked to A shares and 50% to B shares.
Appropriation of profit 2022
In accordance with the resolution of the General Meeting of April26, 2023, the profit for 2022 has been added to the other reserves.
Proposal for 2023 appropriation of net result
The Board of Directors proposes to the General Meeting to add the profit for 2023 in full to the other reserves.