VNR: Board Resolution 2013
VNR: Board Resolution 2013
(25/04/2013) Vietnam National Reinsurance Corporation announced Board Resolution 2013 after annual shareholders’ meeting, getting approval on issues as follows:
1. Audited FS 2012
- Turnover: VND1,695.25 billion
- Retained earnings: VND655.06 billion
- Profit before tax:VND313.61 billion
2. Consolidated FS 2012 audited by Deloitte
- Total assets: VND4,212.19 billion
- Liabilities: VND1,858.27 billion
In which Allowances: VND801.01 billion
- Owners’ equity: VND2,319.70 billion
3. Profit 2012
- Undistributed profit transferred to 2012: VND127.46 billion
- Executed profit after tax 2012: VND267.52 billion
- Accumulated profit after tax 31/12/2012: VND394.98 billion
4. Scheme of profit after tax usage 2012
- Finance Reserve Fund 10% Profit after tax: VND23.45 billion
- Compulsory Reserve Fund 5% Profit after tax: VND11.72 billion
- Business Development Fund 2% Profit after tax: VND4.69 billion
- Dividend payment 2012 (18%): VND181.48 billion
- Bonus Fund: VND2.64 billion
- Welfare Fund: VND2.59 billion
- Retained earnings: VND168.37 billion
5. Remuneration for BoDs, SB, Secretary: VND3.86 billion
- BoDs (excluding full-time members): VND940.85 million
- Full-time BoDs members: VND2.40 billion
- SB: VND470.42 million
- Secretary: VND52.80 million
6. Performance report of BoDs, report of SB 2012
7. Business Plan 2013
- Turnover: VND1,412 billion
- Retained earnings: VND468 billion
- Profit before tax: VND360 billion
- Estimated dividend 2013: 20%
8. Adjustment of dividend and remuneration distribution of BoDs, SB, Secretary
- Finance Reserve Fund: 10% profit after tax
- Compulsory Reserve fund: 5% profit after tax
- Business development fund: 2% profit after tax
- Welfare fund: 1 month salary payment if outperform
- Bonus fund: maximum 1.5% profit after tax, not exceeding 2 month effective salary payment, if outperforming
- Remuneration for BoDs, SB, Secretary: VND3.85 billion/year
9. Authorize BoDs to select auditing firm
10. Adjustment of Charter
11. Mr. Dao Nam Hai to become member of BoDs period 2010-2014
HNX
