TMP: Resolution of Annual General Meeting 2014

Thac Mo Hydro Power Joint Stock Company announced the resolution of Annual General Meeting 2014, organized on June 06, 2014:

Article 1: Approving the financial report of 2013 and business plan for 2014, with main figures:

1)     Profit and loss in 2013:

-         Electricity production: 743.416 million kWh

-         Total revenue: VND 520.113 billion

-         Profit after tax of parent company: VND 156.390 billion

2)     Business plan for 2014:

-         Electricity production: 741.000 million kWh

-         Total revenue: VND 386.380 billion

-         Total operating cost: VND 297.210 billion

-         Profit after tax: VND 69.752 billion

-         Investment & development plan: VND 6.287 billion

-         Capital contribution plan: VND 20,000 billion

Article 2: Approving the 2013 audited financial statements, including basic items as follows:

1)     Total assets at December 31, 2013: VND 1,456.765 billion

In which:

-         Current assets: VND 484.557 billion

-         Long-term assets: VND 972.208 billion

2)     Total liabilities at December 31, 2013: VND 1,456.765 billion

In which:

-         Liabilities: VND 483.743 billion

-         Owner’s equity: VND 937.187 billion

-         Interests of minority shareholders: VND35.835 billion

Article 3: Approving the report of the Board of Directors on the company management in 2013.

Article 4: Approving the report of the Board of Supervisors on the verification of business reports, financial reports in 2013.

Article 5: Approving the profit distribution and dividend payment plans in 2013:

1)     Profit distribution plans:

-         Profit after tax: VND 149,430,503,527

-         Dividend payment: VND 140,000,000,000

-         Investment & development fund: VND 4,374,098,527

-         Bonus fund: VND 2,357,000,000

-         Welfare fund: VND 2,357,000,000

-         Bonus for the Managing Board: VND 342,405,000

-         Undistributed profit:            VND0

2)     Dividend payment plan:

-         Payment ratio: VND2,000/share

-         Total paid dividend: VND140,000,000,000.

-         Payment method: in cash or transfer.

Article 6: Approving reports on wage and remuneration of the Board of Directors, the Board of Supervisors in 2013, and a plan to pay wage and remuneration to the Board of Directors, the Board of Supervisors in 2014 as follows:

1)     Total wage and remuneration of the Board of Directors and the Board of Supervisors in 2013: VND 1,095,395,000.

2)     Total wage and remuneration of the Board of Directors and the Board of Supervisors in 2014: VND 1,095,395,000.

Article 7: Approving that the BOD Chairman concurrently holds the post of CEO in 2014.

Article 8: Choosing the auditing firm for Thac Mo Hydro Power Joint Stock Company in 2014.

Article 9: This resolution takes effect as of June 06, 2014. 

HOSE

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