6. Annual accounts and appropriation of profit

§22

The financial year shall be the calendar year.

§23

1. The Management Board shall submit annual accounts and an annual report for the financial year, audited by an auditor, to the Supervisory Board within the first five months of the following financial year, together with its proposed appropriation of profits.
2. The Annual General Meeting convened to approve the decisions of the Management Board and Supervisory Board, the appropriation of profits, the choice of auditors and, where applicable, the approval of the annual accounts (annual general meeting) shall be held within the first eight months of the financial year.
3. The deadlines referred to in paragraphs (1) and (2) may be amended in accordance with the relevant statutory provisions.

§24

The net profits after depreciation, value adjustments, provisions and reserves, Including allocations to the legal reserve, shall be distributed to shareholders, unless the Annual General Meeting decides otherwise.

§25

The Supervisory Board shall be entitled to make amendments of a merely editorial nature to the articles of association.