loogydon
Jan 21, 2012, 10:00 AM
The Annual General Meeting held on 30 March 2011, the administration Eleb Society, SA presented the following proposal for application of results:
'That the net profit for the year ended are taken to special reserves (for retrofitting), since it will be necessary to make a large financial investment effort during the current fiscal year, for the modernization of the production company's ``
This proposal raises, among others, the following comments of two shareholders:
`` The company has accumulated free reserves vultuosas in prejudice to the distribution of dividends. Why not now use such reserves to finance such modernization projects?ยดยด
`'Without wanting to discredit the Exam. Administrative authorities of the company, I must show my disagreement with the possibility of not using the revaluation of tangible fixed assets in recent years. Such action has significantly reduced our ability to self-financing. ``
Respond to the two shareholders present at the general meeting.
'That the net profit for the year ended are taken to special reserves (for retrofitting), since it will be necessary to make a large financial investment effort during the current fiscal year, for the modernization of the production company's ``
This proposal raises, among others, the following comments of two shareholders:
`` The company has accumulated free reserves vultuosas in prejudice to the distribution of dividends. Why not now use such reserves to finance such modernization projects?ยดยด
`'Without wanting to discredit the Exam. Administrative authorities of the company, I must show my disagreement with the possibility of not using the revaluation of tangible fixed assets in recent years. Such action has significantly reduced our ability to self-financing. ``
Respond to the two shareholders present at the general meeting.