VNS: Resolution of Annual General Meeting 2014
Vietnam Sun Corporation announced the resolution of the 2014 Annual General Meeting held on April 25, 2014 as follows:
1) The AGM approved the report of the Board of Directors.2) The AGM approved the report of the Board of Supervisors3) The AGM approved business result and the audited financial statements in 2013:By: billion dongs
1) The AGM approved the report of the Board of Directors.
2) The AGM approved the report of the Board of Supervisors
3) The AGM approved business result and the audited financial statements in 2013:
By: billion dongs
Plan for 2013 Reality Different reality in 2013 2012 2013 Reality 2012 Plan for 2013 Revenue and other income 2,959.5 2,737.09 3,217.75 117.56% 108.72% Revenue from business 2,880.7 2,713.31 3,158.06 116.39% 109.62% (in which: revenue of subsidiaries) 89 85.78 108.43 126.4% 121.83% Other income 78.8 23.78 59.69 251% 75.75% Profit before tax 239.4 203.99 302.04 148% 126.16% Profit before tax from business 188.1 185.26 256.60 138.5% 136.4% Profit before tax from other income 51.3 18.73 45.44 256.3% 88.57% Profit after tax 179.5 151.48 224.46 148.17% 125% Investment vehicles 500 456 568 124.56% 113.6% Liquidation vehicles 300 55 232 421.8% 77.3% 4) The AGM approved business plan for 2014.By: Billion dongs
Plan for 2013
Reality
Different reality in 2013
2012
2013
Reality 2012
Revenue and other income
2,959.5
2,737.09
3,217.75
117.56%
108.72%
Revenue from business
2,880.7
2,713.31
3,158.06
116.39%
109.62%
(in which: revenue of subsidiaries)
89
85.78
108.43
126.4%
121.83%
Other income
78.8
23.78
59.69
251%
75.75%
Profit before tax
239.4
203.99
302.04
148%
126.16%
Profit before tax from business
188.1
185.26
256.60
138.5%
136.4%
Profit before tax from other income
51.3
18.73
45.44
256.3%
88.57%
Profit after tax
179.5
151.48
224.46
148.17%
125%
Investment vehicles
500
456
568
124.56%
113.6%
Liquidation vehicles
300
55
232
421.8%
77.3%
4) The AGM approved business plan for 2014.
By: Billion dongs
Reality 2013 Plan for 2014 % increasing/decreasing Revenue from business of Vinasun Corp 3,049.63 3,332.4 9.27% Revenue from business of Vinasun Green 108.43 126 16.2% Total revenue from business 3,158.06 3,45.4 9.51% Other income 59.69 112.8 88.9% Revenue and income 3,217.75 3,571,2 10.98% Profit before tax 302.4 329.56 9.1% Profit before tax from business 256.6 247.66 -3.48% Profit before tax from other income 45.44 81.9 80.23% Profit after tax 224.46 257 14.5% The AGM authorized the Board of Supervisors to implement investment plan for 2014.5) The AGM approved the 2013 dividend: - Dividend pay-out ratio in 2013: 20%- Paid for the first phase of 2013: 10%- Payment for the second phase of 2013: 10% (VND1,000/share)6) The AGM authorized the Board of Supervisors to pay for the 2013 dividend.7) The AGM approved the 2013 profit distribution:
Reality 2013
Plan for 2014
% increasing/decreasing
Revenue from business of Vinasun Corp
3,049.63
3,332.4
9.27%
Revenue from business of Vinasun Green
126
16.2%
Total revenue from business
3,45.4
9.51%
112.8
88.9%
Revenue and income
3,571,2
10.98%
302.4
329.56
9.1%
256.6
247.66
-3.48%
81.9
80.23%
257
14.5%
The AGM authorized the Board of Supervisors to implement investment plan for 2014.
5) The AGM approved the 2013 dividend:
- Dividend pay-out ratio in 2013: 20%
- Paid for the first phase of 2013: 10%
- Payment for the second phase of 2013: 10% (VND1,000/share)
6) The AGM authorized the Board of Supervisors to pay for the 2013 dividend.
7) The AGM approved the 2013 profit distribution:
Financial reserve fund 5% Profit after tax Investment and development fund 10% Profit after tax Bonus and welfare fund 13.5% Profit after tax Remuneration of the Board of Directors, the Board of Supervisors 1.5% Profit after tax The 2014 Dividend 20% Charter capital Bonus fund for the Senior management 15% The exceeded profit after tax 8) The AGM approved share issuance to increase charter capital from VND435 billion to VND565.5 billion.9) The AGM approved to choose of Ernst & Young Viet Nam to audit financial statements in 2014- This resolution takes effect as from April 25, 2014.
Financial reserve fund
5%
Investment and development fund
10%
Bonus and welfare fund
13.5%
Remuneration of the Board of Directors, the Board of Supervisors
1.5%
The 2014 Dividend
20%
Charter capital
Bonus fund for the Senior management
15%
The exceeded profit after tax
8) The AGM approved share issuance to increase charter capital from VND435 billion to VND565.5 billion.
9) The AGM approved to choose of Ernst & Young Viet Nam to audit financial statements in 2014
- This resolution takes effect as from April 25, 2014.
HOSE
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