Hoa Binh Rubber Joint Stock Company (HORUCO) announced the resolution of the 2014 Annual General Meeting as follows:
1)
The
meeting approved the 2013 Audited Financial Statements:
-
Total
revenue: VND 490,301,406,377
-
Total
profit before tax: VND 81,562,106,157
-
Total
profit after tax: VND 65,049,012,673
2)
Plan
of profit distribution for 2013:
-
Profit
before tax: VND81,562,106,157
-
Profit
after tax will distribute as follows: VND65,049,012,673
-
Bonus
& welfare fund (15% profit after tax): VND9,750,000,000
-
Bonus
to Management: VND185,000,000
-
Dividend
by cash (VND2,500/share): VND43,152,440,000
-
Remaining
profit will be added to development and investment fund: VND11,961,572,673
-
Total:
VND65,049,012,673
3)
Remuneration
for the Board of Directors and the Board of Supervisors:
-
Remuneration
for the Board of Directors and the Board of Supervisors in 2013: VND211.40
million (0.32% of profit after tax)
-
Remuneration
for the Board of Directors and the Board of Supervisors in 2014: if the company
completes profit target beyond the expectations, the remuneration will be 0.5%
of profit after tax; if the company completes profit target equal to or lower
than the expectations, the remuneration will be 0.35% of profit after tax
4)
Authorizing
the Board of Directors to choose an independent auditing company to audit reviewed
semi-annual financial statements in 2014
5)
Approving
to resign of Mr. Huynh Van Bao from the BOD Chairman/ a member of the Board of
Directors in term 2012-2016.
6)
Approving
the business plan for 2014 and long-term plan for 2014:
-
Plan
for 2014:
·
Rubber
extraction area: 1,309.86 hectare
·
Rubber
extraction output: 1,600 tons
·
Rubber
processing output: 5,620 tons
·
Rubber
purchase output: 4,200 tons
·
Rubber
sale output: 5,800 tons
-
Business
result:
·
Average
sale cost: VND43.65 million/tons
·
Average
selling price: VNDVND45 million/tons
·
Total
revenue: VND350,698 million
·
Profit
before tax: VND90,000 million
·
Profit
after tax: VND70,200 million
·
Dividend
by cash 25% of charter capital: VND2,500/share
-
Re-cultivating
rubbers:
·
Area:
954.20 hectare
·
Attention
area: 2,460.04 hectare
-
Capital
construction investment and long-term financial investment:
·
Capital
construction investment: VND104,119 million
·
Capital
mobilization measure: VND104,119 miilion
-
Long-term
investment plan
·
Re-cultivating
plan for the remaining area until 2023: 1,495.83 hectare
·
Average
capacity in 20 years: 2 tons/hectare/year
·
Withdrawing
capital invested from 06 projects. Below are the projects:
-
An
Phu Seafood Corp.
-
Dong
Nai Rubber Construction Joint Stock Company
-
Long
Khanh Industrial Zone Joint Stock Company
-
Thuan
An Wood Processing Joint Stock Company
-
MB
Land
-
Binh
Long – Ta Thiet Rubber Joint Stock Company.
