Vegetable Oil Packing Joint Stock Company announced the resolution of Annual General Meeting 2014 on April 18, 2014 as follows:
1)
Approving the 2014 business plan:
-
Net revenue: VND385 billion
-
Profit after tax: VND26 billion
-
Investment & development fund: 5% profit after tax
-
Additional charter capital reserve fund: 5% profit after tax
-
Bonus & welfare fund: 5% profit after tax
-
Dividend: 20%
·
Tax advantage are put into investment &
development fund
·
Bonus if exceeding the business plan: If the
Company’s profit target is exceeded, the Board of Directors, the Board of
Supervisors and the Management Board will receive a bonus of 5%/ the remaining
profit after distributing.
2) Approving
the profit distribution and dividend in 2013:
-
Profit after tax: VND47,015,218,192
·
To put into investment & development fund: VND3,070,848,945
-
The remaining profit was distributed to funds and dividend: VND43,944,369,247
·
Investment & development fund (5%): VND2,197,218,462
·
Bonus & welfare fund( 5%): VND2,197,218,462
·
Additional charter capital reserve fund (5%): VND2,197,218,462
·
Dividend (20%): VND16,000,000,000
Payment method of the
2013 dividend is 20% by cash, the General Meeting authorizing to the Board of
Directors to implement necessary procedure for payment dividend expected in
May, 2014.
-
Bonus to the Board of Directors, the Board of
Supervisors and the Management Board: According to the Resolution of Annual
General Meeting 2013. If the Company’s profit target is exceeded, the Board of
Directors, the Board of Supervisors and the Management Board will receive a
bonus of 5%/ the remaining profit after distributing: VND1,067,635,693.
-
Remaining profit after distributing funds in 2013: VND24,285,078,168
-
Remaining profit of 2012: VND24,620,669,889
-
Remaining profit of 2013: VND44,905,748,057
3) Approving the investment
plan to extend new carton packaging plant:
-
Total investment: estimated about NVD320 billion
-
The plant is located Nam Tan Uyen Industry Park, land area
estimated 6 ha.
4) Approving the reports:
the 2013 audited financial statements, reports of the Board of Directors and
reports of the Board of Supervisors on the Company’s operation in 2013 with
main targets as follows:
-
Net revenue: VND378,868,744,120
-
Profit before tax: VND53,375,097,006
-
Profit after tax: VND47,015,218,192
5) Approving allowances
for the Board of Directors and the Board of Supervisors in 2013 and plan for
2014:
-
Allowances for the Board of Directors in 2013 is: VND270 million,
in which:
·
BOD Chairperson: VND5 million/month
·
Member of the Board of Directors: VND3.5 million/month/person
·
Secretary of the Board of Directors: VND2 million/month
·
Assistant secretary: VND1.5 million/month
-
Allowances for the Board of Supervisors in 2013 is:VND84 million, in
which:
·
Head of the Board of Supervisors: VND3
million/month
·
Member of the Board of Supervisors: VND2
million/month/person
-
Allowances for the Board of Directors and the
Board of Supervisors in 2014 as 2013.
6) Approving
to authorize the Board of Directors to choose one of the 03 auditing companies
for the fiscal year 2014:
-
A&C Auditing and Consulting Co., Ltd
-
Ernst & Young Vietnam Co., Ltd
-
Deloitte Vietnam Co., Ltd
7) Approving
amending the company’s regulation
8) This resolution takes effect as from April 21,
2014.
