Petro Viet Nam Low Pressure GAS Distribution Joint Stock Company announced the resolution of the 2012 Annual General Meeting on May 09, 2012:
Article
1: AGM approved the
audited financial statements in 2011:
-
Revenue:
VND3,342 billion
-
Profit
before tax: VND405.07 billion
-
Profit
after tax: VND303.76 billion
-
Rate
of profit after tax on charter capital: 70.8%
Article
2: Approved the
profit and loss in 2011. Profit distribution and dividend in 2011:
-
Some
main contents as follows:
+
Charter
capital: VND429 billion
+
Output:
533.62 million Sm3
+
Revenue:
VND3,342 billion
+
Cost
of goods sold: VND2,814 billion
+
Total
expense: VND157.19 billion
+
Profit
before tax: VND405.07 billion
+
Profit
after tax: VND303.76 billion
-
Distributed
to:
+
Investments
& development fund: VND143.91 billion
+
Financial
reserve fund (5%): VND9.95 billion
+
Reserve
fund for supplementing charter capital (5%): VND6 billion
+
Bonus
& welfare fund (03 months of salary): VND9.66 billion
+
Bonus
to the company’s management board: VND0.20 billion
+
Dividend:
VND128.70 billion
+
Retained
earnings: VND5.34 billion
+
EPS:
VND7,082/share.
Article
3: Approved the
remuneration of the Board of Directors, the Board of Supervisors in 2011 and
plan for 2012:
-
Total
salary and remuneration in 2011: VND917,184,258
-
Total
salary and remuneration in 2012(plan): VND1,154,000,000
Article
4: Approved the
report of the Board of Directors in 2011 and plan for 2012.
Article
5: Amending the
company’s regulation.
Article
6: Approved the
change of member of the Board of Directors as follows:
-
The
resignation Mr. Doan Quang Vinh from a member of the Board of Directors as from
October 04, 2011.
-
Appointment
Mr. Tran Duc Son as a member of the Board of Directors as from October 04,
2011.
Article
7: Approved the
report of the Board of Supervisors in 2011 and plan for 2012.
Article
8: Approved the
business plan, profit distribution plan, dividend, choose an auditing company
for 2012 as follows:
-
Business
plan for 2012:
+
Charter
capital: VND429 billion
+
Output:
582.60 million Sm3
+
Revenue:
VND4,312 billion
+
Cost
of goods sold: VND3,878 billion
+
Total
expense: VND277 billion
+
Profit
before tax: VND172 billion
+
Taxes
and liabilities to State Budget: VND86.29 billion
+
Profit
after tax: VND129 billion
+
Rate
of profit after tax on charter capital: 30%
+
Total
investments: VND293.84 billion
-
Plan
for profit distribution and dividend 2012:
+
Investment
& development fund (15%): VND19.35 billion
+
Financial
reserve fund (5%): VND6.45 billion
+
Reserve
fund for supplementing charter capital (5%): VND6.45 billion
+
Bonus
& welfare fund (03 months of salary): VND10 billion
+
Bonus
to the company’s Management Board: VND0.3 billion
+
Dividend
in cash(20%/charter capital): VND85.80 billion
+
Retained
earnings: VND0.65 billion.
-
Approved
to choose Deloitte Viet Nam
to audit financial statements for 2012.
Article
9: Approved the
investment plan of distribution system for Tien Hai – Thai Binh Industrial Park and authorized the BOD
to implement the project.
Article
10: Approved
election results of the Board of Directors for the term 2012-2017:
-
Mr.
Pham Van hue: BOD Chairman
-
Mr.
Nguyen Van Son: a member of the Board of Directors cum Director
-
Mr.
Tran Duc Son: a member of the Board of Directors
-
Mr.
Cao Khanh Hung: a member of the Board of Directors.
-
Mr.
Nguyen Nhu Song: a member of the Board of Directors.
Article
11: Approved
election results of the Board of Supervisors for the term 2012-2017:
-
Mr.
Nguyen Quang Ba: Head of the Board of Supervisors
-
Ms.
Dang Thi Hong Yen: a member of the Board of Supervisors
-
Ms.
Nguyen Thi Thu Ha: a member of the Board of Supervisors.
Article
12: This resolution
takes effect as from May 09, 2012.
