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TMT: Resolution of Annual General Meeting 2014 TMT Automobile Joint Stock Company (TMT Motor., JSC) announced the 2014 resolution of Annual General Meeting as follows:
Article 1: Approving the 2013
business report, the 2014 business plan, and financial statements (including
the parent company’s statement & consolidated statement) of the
Directorate.
|
No.
|
Item
|
The 2013 plan
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The 2013 result
|
% achievement
|
|
1
|
Production (million dongs)
|
600,800
|
415,226
|
69.11
|
|
2
|
Net revenue (million dongs)
|
550,000
|
447,962
|
81.45
|
|
3
|
Profit after tax (million
dongs)
|
Non-loss
|
4,067
|
reached target
|
|
4
|
Production (car)
|
1,450
|
1,419
|
97.86
|
Article 2: Approving
the 2013 business reports & 2014 targets of the BOD. 2.1.
The 2012 profit distribution:
|
No.
|
Item
|
Amount (dong)
|
%/Total profit after
tax
|
|
1
|
Profit before tax
|
1,778,037,810
|
|
|
2
|
Corporate income tax
|
596,643,204
|
|
|
3
|
Deferred income tax
|
(14,745,777)
|
|
|
4
|
Interest of minority
shareholders
|
1,003,572,839
|
|
|
5
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Total profit after tax
of the parent company’s shareholders (Consolidated financial statements)
|
192,567,544
|
100%
|
|
6
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Investment &
development fund
|
-
|
0%
|
|
7
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Bonus & welfare
fund
|
9,628,377
|
5%
|
|
8
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Financial reserve fund
|
9,628,377
|
5%
|
|
9
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Supplement to the
charter capital
|
9,628,377
|
5%
|
|
10
|
Dividend
|
0
|
0%
|
|
11
|
Remaining profit
|
163,682,412
|
85%
|
2.2.
Business plan for 2012:
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No.
|
Item
|
Unit
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The 2013 results
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The 2014 plan
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Growth ratio of 2014 on 2013
|
|
1
|
Production
|
million dongs
|
415,226
|
539,794
|
30%
|
|
2
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Total output
|
car
|
1,419
|
1,848
|
30%
|
|
3
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Revenue
|
million dongs
|
447,962
|
583,351
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30%
|
|
4
|
Profit before tax
|
million dongs
|
4,787
|
6,223
|
30%
|
|
5
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Profit after tax
|
million dongs
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4,067
|
5,287
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30%
|
Article
3: Approving the reports of the Board of Supervisors on TMT’s 2013 operations &
2014 targets. Article
4: Approving total remuneration of the Board of Directors and the Board of
Supervisors in 2014: 1.5 billion dongs (unchanged with the remuneration in
2013). Article
5: Assigning the BOD to choose an audited firm for the 2014 statements. Article
6: Approving the 2013 profit distribution plan:
|
No.
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Item
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Amount (dong)
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%/Total profit after
tax
|
|
1
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Profit before tax
|
4,787,048,934
|
|
|
2
|
Corporate income tax
|
1,113,008,340
|
|
|
3
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Deferred income tax
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(393,036,150)
|
|
|
4
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Total profit after tax
of the parent company’s shareholders (Consolidated financial statements)
|
4,067,076,744
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|
|
5
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Undistributed profits
of last years
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12,828,421,408
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|
|
6
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Total accumulated profit
after tax of the parent company’s shareholders as 31 Dec. 2013
|
16,895,498,152
|
100%
|
|
7
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Investment & development
fund (10% of the 2013 profit after tax)
|
406,707,674
|
2.41%
|
|
8
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Bonus fund (5%) &
welfare fund (5%)
|
406,707,674
|
2.41%
|
|
9
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Financial reserve fund
(10% of the 2013 profit after tax)
|
406,707,674
|
2.41%
|
|
10
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Supplement to the
charter capital
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0
|
0%
|
|
11
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Dividend (5%)
|
14,225,118,000
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84.19%
|
|
12
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Remaining profit
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1,450,257,130
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8.58%
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Article
7: Approving dividend plan in shares from capital surplus. Article
8: Approving the Chairman of the BOD cum the CEO. Article
9: Approving the BOD to decide business matters arisen in the company’s
operations. Article
10: Assigning the BOD to pay dividend in cash in advance in quarter
1&2/2014. Approving authority of shareholders owning fewer than 3,000
shares to others to attend to the AGM. Article
11: The resolution is valid from 05 Apr. 2014.
HOSE
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