Open Joint Stock Company “VolgaTelecom”
Registered on 15.12.1993 by the Administration of Nizhny Novgorod city, registration ? 448
Mail address and location:
603000, Nizhny Novgorod city, M.Gorky sq., Post House
Phone: (8-8312) 33-20-47, Fax: (8-8312)30-67-68
Advises on the results of annual general meeting of shareholders held on June 22, 2004.
1. The Board of directors was elected with the structure of 11 persons:
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Yurchenko Evgenyi Valerievich
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The Chairman of the Board of directors,
Deputy to the General Director of OJSC “Sviayzinvest” |
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Andreev Vladimir Alexandrovich |
Rector of Povolzhsky state academy of telecommunications and informatics |
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Bobin Maxim Victorovich |
Chief of legal department of Moscow’s representation office of “NCH Advisors, Inc.” |
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Grigorieva Alla Borisovna |
Deputy to the director – chief of the sector of the Department of corporate governance of OJSC “Sviayzinvest” |
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Degtyarev Valeryi Victorovich |
General Director of OJSC “Tetrosviayz” |
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Dudchenko Vladimir Vladimirovich |
Chief of analytical section of Moscow’s representation office of “NCH Advisors, Inc.” |
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Lyulin Vladimir Fedorovich |
General Director of OJSC “VolgaTelecom” |
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Romskyi Georgyi Alexeevich |
Deputy to the General Director of OJSC “Sviayzinvest” |
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Savchenko Victor Dmitrievich |
Director of the Department of legal provision of OJSC “Sviayzinvest” |
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Fedorov Oleg Romanovich |
Executive director, corporate finances of CJSC “Joint financial group” |
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Chernogorodskyi Sergey Valerievich |
Director of the Department of joint-stock capital of OJSC “Sviayzinvest” |
2. The Auditing committee was elected with the structure of 5 persons:
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Belyaev Konstantin Vladimirovich |
The Chairman of the Auditing committee,
OJSC “Sviayzinvest” chief accountant |
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Alekhin Sergey Imanovich |
Chief expert of the Department of internal audit of OJSC “Sviayzinvest” |
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Degtyareva Elena Petrovna |
Lead expert of the Department of communication of OJSC “Sviayzinvest” |
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Tikhonov Sergey Vladimirovich |
Main specialist of the Department of internal audit of OJSC “Sviayzinvest”; |
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Frolov Kirill Victorovich |
Deputy to the director of the Department of internal audit of OJSC “Sviayzinvest” |
3. Approved size of dividends:
On one ordinary share - 0,9186 ruble.
On one preferred share - 2,4510 rubles.
The beginning of dividends payment on each category of shares – since 15.07.2004.
The end of the time of dividends payment on ordinary and preferred shares – till 15.12.2004.
4. Changes and addenda were introduced in the Charter and in the Provision on the Board of directors of the Company; changes were introduced in the Provision on the Management board and on the Auditing committee of the Company.
5. CJSC “Ernst & Young Vneshaudit” was approved as the Company’s Auditor for 2004.
In accordance with item 1 of article 92 of Federal law “On joint stock companies” the Company advises to its stockholders:
1. The Company’s register is kept by CJSC “Registrator Sviyaz” (license ? 10-000-1-00258 of 01.10.2002 is issued by Federal Commission for the Securities Market)
Location: Moscow, B. Oleniya str., 15?
Phone, fax: (8-095) 933-42-21.
2. The date of the Company’s register closing for the annual general meeting – 03.05.2004.
The number of stockholders possessing voting shares and having the right to participate in the annual meeting - 17 286.
Accounting balance-sheet of OJSC “VolgaTelecom” for 2003 (approved by the annual general meeting on 22.06.2004).
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As of the beginning of the report period |
As of the end of the report period |
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Assets |
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1. |
Non-current assets |
13370555 |
17990554 |
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2. |
Current assets |
2263911 |
3138837 |
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Balance |
15634466 |
21129391 |
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Liabilities |
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3. |
Capital and reserves |
11269849 |
12954268 |
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4. |
Long-term liabilities |
1073582 |
3394273 |
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5. |
Short-term liabilities |
3291035 |
4780850 |
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Balance |
15634466 |
21129391 |
Profit and loss statement for 2003 (approved by the annual general meeting on 22.06.2004).
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For the report period
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For similar period of the past year |
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1. |
Proceeds of sales of goods, products, works and services |
14677305 |
10967595 |
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2. |
Prime cost of sales of goods, products, works and services |
10471151 |
7796630 |
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3. |
Sales profit |
4206154 |
3170965 |
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4 |
Net profit |
2009438 |
1241307 |
The ratio of net asset value and the charter capital amount was 802,8%.
The credibility of OJSC “VolgaTelecom” accounting statement is confirmed by audit company “Ernst & Young Vneshaudit”.
The Chairman of the meeting,
OJSC “VolgaTelecom” General Director
Lyulin V.F.
The secretary of the meeting
Pokrovskaya N.I.
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