Rosneftegaz, which owns shares of “Rosneft”, “Gazprom” and “inter RAO” will pay to the Federal budget half of your profit. Deputy Prime Minister Arkady Dvorkovich signed a Directive on the direction of the payment of dividends 50% of net profit of Rosneftegaz, according to “Vedomosti” with reference to his press Secretary, Aliya Samigullina.
The largest shareholder “Rosneft” “Rosneftegaz, whose sole shareholder is the government gets a large income from dividend payments “Rosneft” and “Gazprom” (the company owns 69.5% of Rosneft shares and 10,97% of shares of “Gazprom”), and after signing the Directive, the company will pay to the budget of 36 billion rubles.
“Rosneftegaz” has expressed disagreement with the dividend increase and called it an attempt “to solve the shortfall in budget revenues” at the expense of investment program of “Rosneftegaz”. “It is quite understandable desire of the Ministry of Finance of the Russian Federation to solve the problem of shortfall in budget revenues increase in dividends paid by the companies with state participation. However, additional withdrawals from the investment program of “Rosneftegaz” can lead to non-fulfillment of the decree of the President of the Russian Federation and its key functions”, — told in the press service of “Rosneftegaz”.
The company reminded that there are other state company, “the increase in dividend payments which will not have a negative impact on execution and state, and their own specialized tasks.” As stated in the statement, in 2011 the President of Russia has set the task of state-owned companies to spend on dividends not less than 25% of IFRS net income, but, as emphasized in the “Rosneftegaz”, even after four years, not all companies perform the task. “If to take into account the principle of equal conditions for doing business, the government of the Russian Federation there are serious reserves to replenish the revenue side of the budget”, — stated in the message of “Rosneftegaz”.
The company calculated that of 4,042 trillion RUB, which “Rosneft”, “Gazprom”, “Bashneft”, “Transneft” and “Russian Railways” transferred in the form of taxes to the budget, 57% (2,306 trillion) paid by Rosneft.
In April, “Interfax” with reference to its sources reported that “Rosneftegaz” will pay to the Federal budget no more than 25% of the profits. Later, Dvorkovich said that a General principle for state-owned companies is the payment of dividends in the amount of 50% of the profits, but some of them are asking to reduce the payments to 25%, based on the “investment instructions”. Thus Dvorkovich noted that the final decision on the payout of dividends of “Rosneftegaz” has not been made yet.
Earlier Rosneftegaz only time they paid dividends of more than 25% of the profits — in 2013, the company paid to the state 95% of the profits, or 80 billion rubles.