Notes to the Financial Statements Hilti Corporation Remuneration of the Board of Directors and the Corporate Management (22) For details of the remuneration of the Board of Directors and the Corporate Management, see note (42) of the Group’s consolidated financial statements. Other transactions and balances with the shareholder (23) For details about other transactions and balances with the shareholder see note (42.3) within the notes to the consolidated financial statements. Number of employees (24) The breakdown of employees by nationality is as follows: Country 2018 % 2017 % Austria 868 40% 831 40% Germany 414 19% 408 20% Liechtenstein 153 7% 159 8% Switzerland 229 11% 225 11% Other countries 513 23% 452 21% Total employees 2,177 100% 2,075 100% Management report (25) Pursuant to Article 1121 (3) of the PGR, the management report of Hilti Corporation has been combined with the consolidated management report. The consolidated management report is on pages 6 and 7 of this Financial Report. (26) Appropriation of retained earnings in CHF million 2018 2017 Profit brought forward 2,076.6 1,947.5 Net income 380.8 392.7 At the disposal of the General Meeting 2,457.4 2,340.2 Proposal by the Board of Directors Dividend of CHF 1075 (2017: CHF 1040) per share 272.4 263.6 Appropriation to other reserves – – Balance carried forward 2,185.0 2,076.6 Total 2,457.4 2,340.2 2018 Financial Report | 91