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.