Why the HFA will make a countermotion to agenda item 2
Profit for 2018 CHF 12.315.962,00 and its use
Losses in the closing of Hapimag AG, the shareholders had to get used to this downward spiral for years.
As an example only numbers from the last few years
2013 loss at Hapimag AG CHF 43.730.000,
2014 loss at Hapimag AG CHF 23.356.000,
2015 loss at Hapimag AG CHF 30.463.000,
2016 loss at Hapimag AG CHF 17.278.000.
In autumn 2016 there was a major change in personnel at Hapimag AG.
The CEO (Managing Director) Marisabel Spritz has been replaced by the new CEO (Managing Director) Hassan Kadbi.
The changes initiated by Hassen Kadbi already had an impact in the first full year of his work. Hapimag AG posted a profit of CHF 2017 in 3.887.000. In 2017, this profit went into so-called “free profit reserves” at the proposal of the Board of Directors. The funds disappeared - on a “savings book”?
In 2018, the Board of Directors again proposes to post the profit of over CHF 12 million to the “free profit reserves”.
We at HFA are committed to the corporate goals set out in the Hapimag AG Articles of Association. According to Article 2 of these Articles of Association, the company's benefits are “its shareholders and partners ………. to provide them at the most advantageous terms. ”Doesn't that mean: cost recovery while avoiding profits and losses?
A precise "red / black zero" in the annual financial statements will not be achieved. Annual contributions and local cost contributions must cover the management costs. We therefore maintain an annual range from 0,5% annual loss to 1% annual surplus of operating income as the "red / black zero" reached. A larger loss or a higher profit shows that those responsible at Hapimag AG are likely to attach very little importance to the statutory provisions.
In addition, shareholders generally report renovation backlogs in some Hapimag holiday complexes, mold in the bathroom, and missing WiFi connections in the apartments. Were not many standard adjustments such as air conditioning, dishwasher, microwave / oven or simply the expansion of the infrastructure neglected in the past? If these are not all deficiencies that have existed for years and for which remedial work was previously lacking.
We therefore need these reported profits in 2019 to finance the necessary additions and improvements.
The HFA will therefore apply to the agenda (agenda item 2) not to park the profit in a "savings book", but to present it for 2019 so that the necessary work can be carried out as quickly as possible and Hapimag will thus be on the way again with an exemplary equipment standard.