OREANDA-NEWS. July 03, 2012. The annual meeting of shareholders of Vyborg Shipyard JSC was held at Vyborg Shipyard. The number of votes registered for participation in the general meeting made 78,52% of the total number of voting shares of the Company. Thus, the members of the meeting were competent to pass decisions on the agenda.

General Director Alexander S. Solovyev reported on the operational results of Vyborg Shipyard in 2011 and described in the report the principal directions of VSY activity in 2011.

Chief accountant of VSY Aleksey G. Rozhnov coreported on VSY’s results for 2011.

Financial and economic activity of Vyborg Shipyard JSC by results of the year 2011 is characterized by the following performance data:  

Item

Performance

Unit

For 2011

1

Shipping volume/ volume of services (including the fulfilled stages of work-in-progress and under protocols of partial completion)

 

Thousand rbl.

 

11 063 087

 2

 Profitability of shipped products, services

 %

0.007

   3

 Sales Profit

 

Thousand rbl.

763

   4

Net profit

 

Thousand rbl.

-(846 948)

   5

 Actual tax and levy expenditures

 

Thousand rbl.

-(1 603 389)

  6

 Average number of personnel

 Person.

 1536

 

 including workers

Person.

972

 

 Payroll bill

 

Thousand rbl.

 559 667

 

 Average monthly salary of employees

 Rbl.

 24 474

 

 Average monthly wages of workers

Rbl.

 21 398

 

 Capital investments, total

 Thousand rbl.

109 867

 

Including those according to funding sources

 

 

 

Enterprise own resources

 

Thousand rbl.

 104 517

 

 Raised funds

 

Thousand rbl.

 5 350

 

Put into action basic assets, total

 

Thousand rbl.

205 054

 

Including:

 

 

 

 Buildings and facilities

 

Thousand rbl.

97 149

 

 Machinery, equipment, means of transport

Thousand rbl.

107 338

    Tatjana S. Laktaeva, auditor of audit company INSEI LLC, reported on audit results of Financial and Economic activities of VSY for 2011. 

Alla M. Kazakova reported on Audit Commission results for annual report and balance of VSY.

In accordance with the approved agenda the following questions were considered at the general shareholders’ meeting:

1. Approval of the annual accounting reports of Vyborg Shipyard JSC for 2011, including profit- and-loss account, internal audit commission report and auditor’s report;

2. Distribution of profit according to the results of 2011, includes passing of dividends according.

3. Definition of quantitative representation of the Board of Directors of Vyborg Shipyard JSC.

4. Election of members of the Board of Directors of Vyborg Shipyard JSC

5. Election of members of the internal audit commission of Vyborg Shipyard JSC

6. Approval of the auditor of Vyborg Shipyard JSC

7. Approval of interested party transaction –an amicable settlement agreement concluded on April 09, 2012 between Vyborg Shipyard JSC and GPB JSC by legal case № A40-123905/11-133-1058 at Moscow City Arbitration Court for collection debts from Defendant on Credit agreement №231/11-P, concluded at 05.08.2011 between Vyborg Shipyard JSC and GPB JSC.

Vote returns on the main issues of the agenda of the annual meeting of shareholders of Vyborg Shipyard JSC were reported by Chairman of Counting Commission.

Alexander S. Solovyev announced the decisions accepted by Annual general meeting of shareholders of VSY.

Chairman of meeting Georgy A. Poryadin thanked shareholders for work and closed the meeting.