IDGC of the North-West policy of net profit distribution is based on the balance of interests of the Company and its shareholders, increase of the Company’s investment attractiveness and capitalization, and strict compliance with shareholders’ rights pursuant to applicable legislation of the Russian Federation, the Company’s Articles of Association and in-house documents.
The Company’s net profit distribution based on results of
|Indicator, RUB thous.||2010||2011||2012||2013||2014|
|Net profit based on annual performance||–807,102||407,651||61,831||300,338||–620,027|
|Net profit distribution, total, incl.:||0||0|
|Payment of dividends||0||15,460||76,629||0|
|Reserve fund increase||0||20,383||3,092||15,017||0|
|Profit for development||0||387,268||43,279||208,692||0|
Based on the results of the 2014 financial year, the Company suffered losses of RUB 620 million. Therefore, the Company’s net profit will not be distributed.
|Indicator||2010||2011||2012||2013||2013 to 2012 growth, %||2014|
|Dividend per ordinary share, RUB||—||—||0.0001614||0.0008||396||—|
|Total dividends, RUB thous.||—||—||15,460||76,629||396||—|
|Total dividends, RUB thous.||—||—||15,219||75,537||396||—|
The share of paid-up dividends in the total amount of dividends declared for 2012 was 98.43%, for 2013 — 98.5%. Dividends were paid to all persons included in the dividend list, except for thoses who did not provide reliable and complete details needed for payment of dividends.