SJD: Resolution of Annual General Meeting 2014 Can Don Hydro Power Joint Stock Company announced the resolution of the 2014 annual general meeting (AGM) dated June 30, 2014 as follows:
Article
1:
AGM approved profit and loss in 2013
and business plan for 2014: 1) Profit and loss in 2013:
No.
|
Item
|
Plan
|
Implementation
|
|
Ryninh II
|
Can Don
|
Total
|
Ryninh II
|
Can Don
|
Total
|
% Implementation/
Plan
|
1
|
Production (million
kWh)
|
52
|
310
|
362
|
54
|
362
|
416
|
115%
|
2
|
Revenue
|
42,950
|
282,437
|
325,387
|
48,664
|
318,426
|
367,090
|
113%
|
3
|
Profit before tax
|
14,950
|
124,710
|
139,660
|
12,228
|
156,408
|
168,636
|
121%
|
4
|
State budget payable
|
5,970
|
47,000
|
52,970
|
7,380
|
57,557
|
64,937
|
123%
|
5
|
Average income/
employee
|
9.5
|
9.4
|
9.4
|
9.8
|
10.5
|
10.2
|
108%
|
6
|
Dividend ratio
(%/charter capital)
|
|
|
18
|
|
|
22
|
122%
|
2) Business
plan for 2014:
No.
|
Main
item
|
Unit
|
SJD
|
NLC
|
Total
|
I
|
Commercial
electricity production
|
106
kWh
|
375
|
48.7
|
423.7
|
II
|
Total
value of production
|
106
dongs
|
371,700
|
48,600
|
420,300
|
|
Industrial
production
|
106
dongs
|
371,000
|
46,500
|
417,500
|
|
Other
production
|
106
dongs
|
700
|
2,100
|
2,800
|
III
|
Revenue
|
106
dongs
|
337,927
|
44,140
|
382,067
|
|
Industrial
production
|
106
dongs
|
337,227
|
42,040
|
379,267
|
|
Other
financial incomes
|
106
dongs
|
700
|
2,100
|
2,800
|
IV
|
State
budget payables
|
106
dongs
|
61,753
|
7,420
|
69,173
|
V
|
Profit
|
106
dongs
|
|
|
|
|
Profit
before tax
|
106
dongs
|
141,503
|
13,550
|
155,053
|
|
Profit
after tax
|
106
dongs
|
127,353
|
12,873
|
140,226
|
1
|
Profit
before tax/Revenue
|
%
|
42
|
31
|
41
|
2
|
Profit
after tax/Charter capital
|
%
|
31
|
3
|
30
|
3
|
Profit after tax/Owner’s equity
|
%
|
17
|
11
|
16
|
4
|
Profit after tax/ Total assets
|
%
|
11
|
10
|
11
|
VI
|
Investment
plan
|
106
dongs
|
34,410
|
4,000
|
38,410
|
1
|
Capital
contribution in Ha Tay Hydropower Project
|
106
dongs
|
22,460
|
|
22,460
|
2
|
Investment
in production capacity
|
106
dongs
|
11,950
|
4,000
|
15,950
|
VII
|
Dividend
(estimated)
|
%
|
|
|
20
|
Article
2:
AGM approved report of the Board of Directors. Article
3:
AGM approved report of the Board of Supervisors. Article
4:
AGM approved the 2013 audited financial statements. Article
5:
AGM approved the 2013 profit distribution plan:
No.
|
Item
|
Amount
|
Unit
|
1
|
Profit 2012 transferred
|
97,961,538,623
|
VND
|
2
|
Profit before tax 2013
|
168,635,542,675
|
VND
|
3
|
Corporate income tax
|
17,094,096,935
|
VND
|
|
Tax exemption
|
8,428,358,127
|
VND
|
|
Tax payable
|
8,665,738,808
|
VND
|
4
|
Profit after tax 2013
|
151,541,445,740
|
VND
|
5
|
Adjusted according to the 2012 state audit records
|
3,140,382,419
|
VND
|
6
|
Undistributed profits
|
154,681,828,159
|
VND
|
7
|
Profit distribution
|
108,759,949,379
|
VND
|
a
|
Financial
reserve fund (5% profit after tax)
|
7,734,091,408
|
VND
|
b
|
Investment
& development fund
|
8,428,358,127
|
VND
|
|
Income tax exemption 2013
|
8,428,358,127
|
VND
|
c
|
Bonus
& welfare fund (7% profit after tax)
|
10,827,727,971
|
VND
|
8
|
Profit
for dividend payment in 2013
|
90,198,130,000
|
VND
|
9
|
Charter capital
|
409,991,500,000
|
VND
|
10
|
Cash dividend ratio
|
22%
|
VND
|
11
|
Remaining profit of 2013
|
45,921,878,780
|
VND
|
12
|
Retained profit transferred to next year
|
143,883,417,403
|
VND
|
Article
6:
AGM approved the 2014 rewards policy. Article
7:
AGM approved to authorize the Board of Directors to choose an auditing company
in 2014. Article
8:
AGM approved the remuneration of the Board of Directors, the Board of
Supervisors in 2013 and plan for 2014: In
2013: Total remuneration of the Board of Directors and the Board of Supervisors
in 2013: 744,000,000 dongs: - Plan
for 2014: If the Company’s profit target is completed (>=100% plan), the
Board of Directors and the Board of Supervisors will receive remuneration as
follows: ·
BOD Chairman concurrently: 8 million
dongs/month ·
Member of the Board of Directors: 6 million
dongs/month ·
Head of the Board of Supervisors: 6 million
dongs/month ·
Member of the Board of Supervisors: 4 million
dongs/month Article
9:
AGM approved the election result of the Board of Directors and the Board of
Supervisors in the third term (2014 - 2019) as follows: 1) Members
of the Board of Directors: - Mai
Ngoc Hoan - Nguyen
Van Son - Dong
Van Tam - Nguyen
Van Minh - Ong
Thi Thanh Thao 2) Members
of the Board of Supervisors: - Nguyen
Thi Tuyet Mai. - Bui
Xuan Ninh - Nguyen
Trung Hoa. Article
10:
This resolution takes effect as from the date of signing.
HOSE
|