Traphaco Joint Stock Company (TRAPHACO) has announced resolution of the 2012 annual shareholders’ meeting as follows:
Article 1: Approving of the 2011 business results and
2012 targets:
-
The 2011 business results:
+ Revenue (including
VAT): 1,123 bil. dongs
(reaching 104% of the 1,080 bil. dong of
plan and increasing 23% of 2010 result)
+ Revenue of its
products in exclusive dealing (including VAT): 844 bil. dongs
(reaching 102% of the 830 bil. dong of plan
and increasing 29% of 2010 result)
+ Revenue of other
products & services (including VAT): 279 bil. dongs
(reaching 112% of the 250 bil. dong of plan
and increasing 8% of 2010 result)
+ Profit before tax: 124,240,138,824
dongs
+ Corporative income
tax: 34,856,620,994 dongs
+ Deferred
corporative income tax: 1,315,132,469 dongs
+ Minority interest: 2,010,980,175
dongs
+ Profit after tax: 88,687,670,125
dongs
(reaching 111% of the 80 bil. dong of plan
and increasing 34% of 2010 result)
+ State budget
payable: 71,405,000,000 dongs
+ Average earned
income: 7.5 mil. dongs/ person/ month
(increasing 15% of the 2010 result)
-
The 2012 targets:
+ Revenue (including
VAT): 1,330 bil. dongs
+ Revenue of its
products in exclusive dealing: 1,000 bil. dongs
(increasing 20% of 2010 plan)
+ Revenue of other
products & services (including VAT): 330 bil. dongs
+ Profit after tax: 130
bil. dongs
(increasing 46% of 2010 plan)
+ Average earned
income: increasing 15% and ensuring full employment
+ Paying to State
budget on time under the Law.
Article 2: Approving of the 2011 audited financial
statements with some following items:
Unit: dongs
-
Total assets: 838,443,497,734
-
Owner’s equity: 399,280,11,678
-
Equity: 123,398,240,000
-
Share premiums: 92,063,700,000
-
Funds & unallotted profit: 183,818,171,678
-
Total revenue and other incomes: 1,082,059,543,672
-
Total expenses (including business, administration and other
expenses): 957,819,404,848
-
Profit before tax: 124,240,138,824
-
Profit after tax: 88,687,670,125
Article 3: Approving of the Supervisory Board’s report.
Article 4: Approving of the 2011 profit allotment,
the 2012 plan and the 2012 compensation plan for Management Board:
-
The 2011 profit allotment:
+ Bonus and welfare
fund (8%): 7,095,013,610 dongs
+ Dividend payment
(20%): 24,678,762,000 dongs
(paid 12,339,824,000 dongs - 10% in 2011 on
123,339,824 dongs of charter capital).
+ Compensation for
the BOD & Supervisory Board (3.6%): 3,192,756,125
dongs
+ Compensation for
the BOD: 2,660,630,104 dongs
+ Compensation for
the Supervisory Board: 532,126,021 dongs
+ Paying bonus for
management (assigning the CEO to make the plan): 2,000,000,000 dongs
+ Supplementing the
remains into investment and development fund: 51,720,252,391 dongs
-
The 2012 plan:
+ Bonus and welfare
fund: 8%
+ Investment and
development fund: 30%
+ Dividend payment in
cash: 20%/ charter capital
+ Paying bonus for
management: assigning the BOD to make the plan
+ The remains into
unallotted profit.
+ Compensation to the
BOD & Supervisory Board in 2012: 3,200,000,000 dongs
+ Compensation to the
BOD: 2,650,000,000 dongs
+ Compensation to the
Supervisory Board: 550,000,000 dongs
+ The compensation is
recorded into administration expenses and assigned the BOD to make bonus plan
for profit exceeded on the 2012 plan.
Article 5: Approving of the audited firm in 2012 and
adjustment of the company’s resolution.
Article 6: The resolution is valid as from 24 Mar. 2012.
