Petroleum Industrial & Civil Construction Joint Stock Company (stock code: PXI) announced the resolution of the 2014 annual general meeting dated April 25, 2014:
Article 1: AGM approved reports:
Report of the Board of Directors in 2013 and operation plan of the Board of Directors in 2014.
Report on profit and loss in 2013 and business plan for 2014
Report of the Board of Supervisors on operation in 2013 and business plan in 2014.
Article 2: AGM approved business plan for 2014 with main targets:
|
|
Unit |
Plan |
Note |
|
Financial: |
Billion dongs |
|
|
|
Charter capital |
“ |
300 |
|
|
Total production |
“ |
1,270 |
|
|
Total revenue |
“ |
980 |
|
|
Profit before tax |
“ |
42 |
|
|
Profit after tax |
“ |
32.7 |
|
|
ROS |
|
4.3 |
|
|
ROE |
% |
10.9 |
|
|
Dividend |
% |
10 |
|
|
Liabilities to State budget |
Million dongs |
46.6 |
|
|
Investment |
“ |
118 |
|
|
Industrial investment |
“ |
100 |
|
|
Construction and procurement of equipment |
“ |
18 |
|
|
Labor and salary |
|
|
|
|
Labors |
Persons |
550 |
|
|
Average income |
Million dongs/person/month |
8 |
|
|
Training |
Billion dongs |
0.5 |
|
Article 3: Approving the audited financial statements in 2013 was audited by Deloitte
Article 4: Approving profit distribution in 2013:
By: dongs
|
Item |
Ratio (%) |
Amount (VND) |
|
Total profit was distributed |
|
6,983,198,876 |
|
Profit distribution |
|
|
|
Retained profit (1.5% of charter capital) |
64.44% |
4,500,000,000 |
|
Financial reserve fund |
10% |
698,319,888 |
|
Development & investment fund |
5.56% |
388,239,212 |
|
Bonus fund |
10% of profit after tax |
698,319,888 |
|
Welfare fund |
10% of profit after tax |
698,319,888 |
Article 5: Approving remuneration of the Board of Directors, the Board of Supervisors in 2013 and payment plan for 2014:
Remuneration of the Board of Directors, the Board of Supervisors in 2013:
- The Board of Directors: 992,802,533 dongs
- The Board of Supervisors: 292,590,398 dongs
- Remuneration of the Board of Directors, the Board of Supervisors in 2014:
+ A Member the Board of Directors and the Board of Supervisors who directly work in the Company and representative capital of PVC will be received wages according to statutory regulation of PVC.
+ A Member the Board of Directors and the Board of Supervisors who directly work in the Company will be received wages according to statutory regulation.
+ A Member of the Director Board who does not directly work in the Company will be received 2,000,000 dongs/members/ month.
+ A Member of the Supervisory Board who does not directly work in the Company will be received 1,000,000 dongs/members/ month.
Article 6: Approving Deloitte auditing firm for fiscal year 2014.
Article 7: Approving contents of framework agreement between PVC and PVC – IC
Article 8: Approving the appointment Mr. Le Minh Hai replaced Mr. Nguyen Trong Kha as a member of the BOD.
Article 9: Approving to add the appointment Ms. Nguyen Thi Hoan replaced Mr. Nguyen Phi Hoang as a member of the Board of Supervisors.
Article 10: This resolution takes effect from April 25, 2014.
