The Cabinet of Ministers of Ukraine has published a decree approving the distribution of net profit of Ukrzaliznytsia JSC for 2021 and the amount of annual dividends, reports the railway magazine Railway Supply.

UZ funds allocation

The Government adopted Decree No. 346-r dated April 29, 2022. In accordance with it, the following distribution of the net profit of the Ukrainian Railways Joint Stock Company for 2021 and the amount of annual dividends directed are approved:

• 30% of net profit in the amount of UAH 128 317.5 thousand — to pay dividends to the state budget;
• 70% of net profit in the amount of UAH 299 407.5 thousand — to cover losses of previous years.

According to the document, by June 20, 2022, it is also necessary to submit the following reports for consideration by the general meeting of the company:

• the annual report of the joint-stock company “Ukrainian Railway” for 2021, containing the consolidated financial statements of the company along with the conclusion of an independent auditor;
• the report of the supervisory board of UZ for 202
• the report of the board of the company for 2021 on the results of financial and economic activities in 2021.

It is a reminder that MIU intended to reduce dividend payments for infrastructure companies to 50%.

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