Vinh Son - Song Hinh Hydropower Joint Stock Company announced the resolution of the 2011 annual general meeting on November 30, 2012:
-
AGM
approved the following issues:
+
Report of CEO on business result and construction in 2011.
+
Report of the Board of Directors in 2011on business
management
+
Report of the Board of Supervisors on the administration of the Board
of Directors and the Director General in 2011.
Article 1: AGM approved the audited
financial statements in fiscal year 2011
Article 2: AGM approved business result and
construction in 2011:
2.1 Business
result and construction in 2011:
-
Electricity
production: 912.72 million kWh
-
Total revenue: 604.430 billion dongs
-
Total expenses:
240.739 billion dongs
-
Profit before
tax: 363.691 billion
dongs
-
Profit after
tax: 329.036 billion
dongs
-
Return on
capital: 15.95%
-
Total
resources: 3,028,830
billion dongs
-
In which:
charter capital: 2,062.412 billion
dongs
2.2 Financial business and construction
investment plan for 2012:
|
No.
|
|
Unit
|
Plan for
2012
|
|
1
|
Electricity
production
|
Million
Kwh
|
850
|
|
2
|
Commercial
electricity production
|
Million
Kwh
|
841
|
|
3
|
Power
loss rate
|
%
|
1.2
|
|
4
|
Breakdown
rate
|
|
0.25
|
|
5
|
Salary
fund
|
Million
dongs
|
18,858.02
|
|
6
|
Total
investment in projects and advance
payment
|
Million
dongs
|
800,000
|
Article 3: Plan of cash dividend payment in
2012: 10% (of which pay VND600/share in advance in 2012)
Article
4: Compensation for
the Board of Directors and the Board of Supervisors in 2012:
-
Compensation
for the Board of Directors: 0.5% of Profit after tax.
-
Compensation
for the Board of Supervisors: 10% of the compensation for the Board of
Directors.
Article
5: Choosing
Delloitte Limited Company as the auditing firm in fiscal year 2012.
Article
6: AGM approved to adopt the plan of issuing
corporate bonds to Thương Kon Tum stream hydroelectric
project.
Article
7: Authorizing the
Board of Directors to adopt the plan of loan to Thương
Kon Tum stream hydroelectric
project.
Article 8: Election of the Board of Directors in term 2010-2014:
