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KHP: Resolution of Annual General Meeting 2014 Khanh Hoa Power Joint Stock Company announced the resolution of Annual General Meeting 2014 dated June 27, 2014 as follows:
Article
1: The AGM approved the report of the Board of Directors on profit and loss in
2013 and business plan for 2014, reviewed semi-annual financial statements and
audited financial statements in 2011 as follows: 1)
Profit
and loss in 2013.
|
No.
|
Item
|
Business
result in 2013 (billion dongs)
|
|
1
|
Profit
before tax
|
97.545
|
|
2
|
Corporate
income tax expenses
|
23.273
|
|
3
|
Deferred
corporate income tax
|
2.237
|
|
4
|
Profit
after tax of parent company’s shareholders
|
72.035
|
|
5
|
Profit
after tax in joint-venture
|
-0.146
|
|
6
|
Consolidated
profit after tax
|
71.889
|
2)
Business
plan for 2014:
|
No.
|
Item
|
Unit
|
Plan
for 2014
|
|
1
|
Charter
capital
|
Million
dongs
|
415,512.960
|
|
2
|
Total
power output
|
Million
kWh
|
1,523.100
|
|
3
|
Technology
loss ratio
|
%
|
5.900
|
|
4
|
Commercial
electricity output
|
Million
kWh
|
1,430
|
|
5
|
Average
electricity price
|
Dongs/kWh
|
1,642
|
|
6
|
Total
revenue
|
Billion
dongs
|
2,450
|
|
7
|
Total
expense
|
Billion
dongs
|
2,376
|
|
8
|
Total
profit before tax
|
Billion
dongs
|
74
|
Article
2: Approving the report of the Board of Supervisors on operation in 2013 Article
3: Approving the separate financial statements and consolidated financial
statements in 2013 Article
4: Approving the profit distribution, dividend for 2013, the report on using of
interest subsidy for Province loan and value of the power grid project to
receive grant funds - Profit distribution
and dividend for 2013:
|
No.
|
Item
|
Unit
|
Description
|
Reality
2013
|
|
1
|
Charter
capital
|
Dongs
|
|
415,512,960,000
|
|
1.1
|
Outstanding
charter capital
|
Dongs
|
|
400,512,960,000
|
|
1.2
|
Treasury
stock
|
dongs
|
|
15,000,000,000
|
|
2
|
Profit
before tax
|
dongs
|
|
97,545,279,844
|
|
3
|
Current
Corporation income tax
|
dongs
|
|
23,273,307,240
|
|
4
|
Deferred
corporation income tax
|
dongs
|
|
2,236,767,489
|
|
5
|
Profit
after tax
|
dongs
|
(2)-(3)-(4)
|
72,035,205,115
|
|
6
|
Profit
after tax including deferred corporation tax
|
Dongs
|
(5)+(4)
|
74,271,972,604
|
|
7
|
Undistributed
profit
|
dongs
|
|
1,202,401,730
|
|
8
|
Profit
after tax distributed
|
dongs
|
(6)-(7)
|
73,069,570,874
|
|
9
|
Distributed
to funds
|
dongs
|
(9.1)+(9.2)+(9.3)
|
10,960,435,631
|
|
9.1
|
Financial
reserve fund 5% profit after tax
|
dongs
|
(8)*5%
|
3,653,478,544
|
|
9.2
|
Welfare
fund 6% profit after tax
|
dongs
|
(8)*6%
|
4,384,174,252
|
|
9.3
|
Bonus
fund 4% profit after tax
|
dongs
|
(8)*4%
|
2,922,782,835
|
|
10
|
Reward
fund exceed profit
|
dongs
|
|
3,863,914,175
|
|
11
|
Distributed
to funds from others profit
|
dongs
|
|
1,154,891,111
|
|
12
|
Retained
earnings after distributing to funds
|
dongs
|
(8)-(9)-(10)-(11)
|
57,090,329,957
|
|
13
|
Dividend
14%
|
dongs
|
(13.1)+(13.2)
|
56,071,814,400
|
|
13.1
|
Paid
5% for the first by cash
|
dongs
|
(1.1)*5%
|
20,025,648,000
|
|
13.2
|
Pay
9% for the second by cash
|
dongs
|
(1.1)*9%
|
36,046,166,400
|
|
11
|
Retained
earnings
|
dongs
|
(12)-(13)
|
1,018,515,557
|
- The Meeting approved
the dividend rate 14%/outstanding charter capital and approved the second
payment dividend with rate 9% by cash to the existing shareholders. Authorized
the BOD to choose an appropriate time and fulfill procedures to pay dividend. Article
5: Approving the plan to contribute capital to PC3 Investment Joint Stock
Company in 2014. Article
6: Approving to withdraw capital in Vinasino Electrical Equipment Joint Stock
Company in 2014. Article
7: Approved the profit distribution plan and dividend for 2014: - Dividend plan and
profit distribution plan:
|
No.
|
Item
|
Unit
|
Plan
for 2014
|
|
1
|
Charter
capital
|
Million
dongs
|
415,512.960
|
|
2
|
Total
profit before tax
|
Billion
dongs
|
74
|
|
3
|
Corporation
income tax
|
Billion
dongs
|
17.020
|
|
4
|
Distributed
profit after tax
|
Billion
dongs
|
56.980
|
|
5
|
Distributed
to funds (15% profit after tax)
|
Billion
dongs
|
8.547
|
|
5.1
|
Financial
reserve fund (5% profit after tax)
|
Billion
dongs
|
2.849
|
|
5.2
|
Bonus
& welfare fund (10% profit after tax)
|
Billion
dongs
|
5.698
|
|
6
|
Bonus
fund from others profit
|
Billion
dongs
|
1.615
|
|
7
|
Retained
earnings
|
Billion
dongs
|
46.818
|
|
7
|
Dividend
rate
|
%
|
11%
|
Article
8: Approving the Board of Directors to appoint of Ms. Nguyen Cao Ky as CEO and
the legal representative under Law as from June 01, 2014 in term 03 years. Article
9: Approving the resignation of Mr. Tran Dinh Nhan from position of a member of
the Board of Directors in term 2010-2015 as from June 27, 2014. Article
10: Approving the remuneration of the Board of Directors, the Board of
Supervisors and wage of the CEO in 2013 and plan for 2014: 1)
Reality
2013: - Total remuneration of
the Board of Directors: VND440,400,000 - Others benefit of the
Board of Directors: VND216,792,380 - Total remuneration of
the Board of Supervisors: VND208,800,000 - Others benefit of the
Board of Supervisors: VND109,615,297 - Wage and others
benefit of CEO: VND719,518,862 2)
Remuneration
plan for 2014: - BOD Chairman: VND12,000,000/month - Member of the Board
of Directors: VND10,00,000/month/person - Head of The Board of
Sueorvisors:VND10,000,000/month - Member of the Board
of Supervisors: VND8,000,000/month/person. Article
11: Approving the choosing of an auditing company for financial statements in
2014 according the list of independent auditing companies below: - Deloitte Viet Nam - Nam Viet Auditing and
Accounting Financial Consulting Services Co., Ltd (AASCN) - VIETVALUES Audit
& Consulting Co., Ltd - AASC Auditing Firm
Company Limited - DTL Auditing Co.,
Ltd
Article
12: Approving the amending the company’s regulation Article
13: Approving the electing result of Mr. Pham Sy Hung as a member of the Board
of Directors in term 2010-2014 Article
14: This resolution takes effect from June 27, 2014.
HOSE
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