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The CEO (Managing Director) Marisabel Spritz has been replaced by the new CEO (Managing Director) Hassan Kadbi.
In the first full year of his activity, the changes introduced by Hassen Kadbi had an effect. In 2017, Hapimag AG posted a profit of CHF 3.887.000. In 2017, at the proposal of the Board of Directors, this profit went into so-called “free profit reserves”. The funds disappeared with it - 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 articles of association of Hapimag AG. According to Article 2 of these Articles of Association, the company's services are “to its shareholders and partners ………. to make them available at the most advantageous conditions possible. ”Doesn't this mean: cost recovery while avoiding profits and losses?
It will not be possible to achieve a precise "red / black zero" in the annual financial statements. Annual fees and local fees must cover the management costs. We therefore maintain an annual range of 0,5% annual deficit to 1% annual surplus of the operating income as a "red / black zero" achieved. A larger loss or a higher profit shows that those responsible at Hapimag AG 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 request item 2 of the agenda not to park the profit in a “savings book” but to carry it forward for 2019 so that the necessary work can be carried out as quickly as possible and Hapimag is back on track with an exemplary equipment standard.