Kazakhstan Electricity Grid Operating Company (KEGOC) JSC paid dividends for 2011 to the Sole Shareholder (National Welfare Fund Samruk-Kazyna JSC)
On 12 June 2012 the KEGOC financial statements for 2011 were approved by the decision of the Samruk-Kazyna Management Board. Previously these statements were approved by the independent auditor represented by Deloitte LLP.
In accordance with the annual financial statements the KEGOC total assets as of 31 December 2011 amounted to KZT 217.57 billion against KZT 180.36 billion as of 31 December 2010; the company’s own equity was KZT 120.96 billion. The income from services sales amounted to KZT 54.682 billion, which is 23% more than such level in 2010. In 2011 the net profit was KZT 7.822 billion. The growth of the company’s financial results by 35% compared to 2010 was facilitated by the general increase in electricity production-consumption in the Kazakhstan UPS, introduction of new tariffs for the Company’s services and exchange gain as a result of decline in Euro to USD rate as well.
In accordance with the net revenues distribution procedure approved by the Samruk-Kazyna Management Board, 30% or KZT 2.347 billion shall be allocated for payment of dividends, 70% or KZT 5.475 billion shall remain at KEGOC for purpose of development. On 17 July 2012 KEGOC paid dividends to the sole shareholder.
The approved size of dividend for one ordinary share of the Company is KZT 221.71 (two hundred and twenty one tenge seventy one tyin).
Contacts for the mass media
Almagul Zhakeyeva Tel.:+7(7172) 97-04-58 email@example.com
Information on the company
KEGOC fulfils the functions of the System Operator of the Kazakhstan Unified Power System (UPS). The key activities relate to the natural monopoly sphere. The company owns 110-1150 kV transmission lines (24.5 thousand km long) and 74 substations with transformer installed capacity 34.5 MVA which form the National Power Grid (NPG). National Welfare Fund Samruk-Kazyna JSC has 100% portfolio of shares of the KEGOC authorised capital. See further details at www.kegoc.kz.