During the session on May 7, 2007 the Board of Directors of JSC “Aeroflot” approved the Annual Corporate Report 2006 and recommended the forthcoming annual meeting of stockholders of JSC “Aeroflot” on June 23, 2007 to approve it.
Annual financial statements, including report on profit and losses (earnings report) in 2006, were also approved and recommended to be approved by the forthcoming meeting of stockholders of JSC “Aeroflot”. The results are better as compared with previous year:
Reliability of annual financial statements is confirmed by the conclusions of the Auditing commission and corporate auditor.
Profit distribution according to the results of 2006 financial year was approved and recommended to the annual meeting of stockholders of the company. The Board recommended to the stockholders meeting to forward 1 429 363,2 thousand rubles (17,9% of net profit) for dividends payment. Dividends of 1,287 rubles are supposed to be paid per one stock (in 2005 – 0,82 rubles). Main stockholder – the state (owner of 51,17% of stocks) will be paid dividends in the amount of 731 405,0 thousand rubles.
After consideration of the results of the contests among auditing organizations the Board recommended to the annual general meeting of stockholders of JSC “Aeroflot” to approve the auditing company CJSC “HLB Vneshaudit” as corporate auditor in 2007.
The Board approved the project of development of production and financial and economic activities in 2007-2009 presented by the Executive Board of the company to use it as a basis for annual budget planning of the company and target points for medium-term prospects. At that it was decided to continue preparation of target points up to 2015.
Preliminary results of production and financial and economic activities of JSC “Aeroflot” in the 1st quarter of 2007 were considered.
Volumes of work grew as compared with last year:
At that growth of carriages in Russia made 46%.
Alexander Kanischev, Director of Routes Network Management Department, was approved First Deputy General Director of JSC “Aeroflot” for Strategic Programs Realization. Konstantin Bushlanov, HR Director, was approved Deputy General Director of JSC “Aeroflot”.
The Board appointed Kanischev A.A, Budayev K.S. and Bushlanov K.M., Deputy General Directors, members of the Board of JSC “Aeroflot”.