The speaker: state companies may be required to pay dividends at 25% profit

The speaker: state companies may be required to pay dividends at 25% profit


You want to prevent exceptions by size of dividend payments by state companies, also said the head of Ministry of economic development Alexei Ulyukayev.

MANILA, 16 Nov. The head of the Ministry of economic development Alexey Ulyukayev expects that the decision on compulsory direction on the payment of dividends not less than 25% of the net maximum profit without any exceptions for companies with state participation will earn next year; the draft the Ministry has already prepared.

“Maybe next year”, — the Minister told journalists, explaining that this change may affect the payment of dividends by the end of 2015.

According to the speaker, need to take a decision prohibiting the exclusion of payments of dividends, for example, for the oil companies. “Better to fulfill requirements for dividends, and if necessary to receive this subsidy. This is a more transparent procedure than the preferential dividends”, — said the head of the Ministry of economic development.

Almost all large companies with state participation have already calculated the profit in accordance with IFRS, he said. RAS are accountable only companies with 100-percentage state participation. “They also need to gradually translate to modern standards”, — said Ulyukayev.

To limit the possibility of minimising obligations on dividends for natural monopolies, the calculation will take the estimated profit, laying the FAS in the calculation of tariffs, for example, to “Gazprom”, said the head of Ministry of economic development.