9.2. Report on Utilization of the Net Profit of JSC “Transneft” for 2011
In compliance with Decree No.
- payment of dividends on ordinary shares in the amount of 1,671,320,469.57 rubles and on preferred shares in the amount of 1,114,192,327.50 rubles;
- financing of capital investments in the development of the corporate data transfer network for creation of the Uniform Information System (UIS) of JSC “Transneft” — 1,592,085,457.88 rubles. The balance of the distributed but unused profit in the amount of 1,032,118,431.2 rubles will be utilized to finance the UIS Program in 2013;
- financing of other capital investments of JSC “Transneft” — 217,622,110.92 rubles;
- creation of the reserve for redemption of loan funds allocated for realization of the Investment Program of JSC “Transneft” — 5,406,452,060.39 rubles;
- the amount allocated to the Target Capital Fund of the Skolkovo Institute of Science and Technology — 108,000,000.00 rubles.