|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Amount and Rate of Cash Dividend Payment
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Cash Dividend Payment Dates
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Amount and Rate of Cash Dividend Stock Dividend Payment
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Additional Explanations
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Our Company Board of Directors made the following decision on the 16th Feb. 2018.
According to the financial statements for the accounting period 01.01.2017 and 31.12.2017, prepared by our Company within the framework of the Communiqué of the Capital Markets Board (CMB), numbered Series: II-14.1, and in compliance with the International Financial Reporting Standards, and audited by PwC Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş.; a "(Consolidated) Net Profit" of TL 845,302,565.23 has been provided of which TL 842,948,256.97 is net profit belonging to equity holders of the parent. Our profit distribution policy approved in the General Assembly on 27.03.2014, prepared on basis of the market expectation, long-term corporate strategy, investment and finance policies as well as profitability and cash position, our proposal for profit distribution has been explained below. The payment of dividend will commence on March 26, 2018 in accordance with the decision to be adopted by the general assembly. In accordance with Capital Markets Law and Capital Markets regulations, it was established that a net profit of TL 842,948,256.97 has been obtained, the sum of TL 855,155,269.85, which includes the addition of TL12,207,012.88 consisting of the donations made to the tax-exempt foundations and associations, was the first dividend base and in official records it was seen that there was a total distributable profit of TL 701,747,149.05 , including TL 375,428,312.14 as net profit after tax. The 5 % portion of legal reserves which has to be allocated according to Turkish Commercial Code article 519, will not be allocated for 2017 since legal reserves amount as of 31.12.2017 according to Tax Procedure Law reached 20% of the capital. Following decisions have been made: From the consolidated profit calculated in accordance with CMB regulations, TL 427,577,634.93 first dividend payable to shareholders
TL 7,422,365.07 second dividend payable to shareholders and total of,
TL 435,000,000.00 Gross Dividend to be distributed to the shareholders;
TL 40,121,358.98 10% 2nd group reserves and on the basis of our legal records; The distributable cash dividend TL 435,000,000.00 shall be funded ;
TL 344,369,957.42 from current year profits
TL 90,630,042.58 from extraordinary reserves. 2nd group reserves TL 40,121,358.98 shall be funded ;
TL 31,058,354.72 from current year profits,
TL 9,063,004.26 from extraordinary reserves. After the deduction of dividend to shareholders and allocated second legal reserves from the current year profit, of the remaining TL 367,826,898.00 will be allocated as extraordinary reserves in accordance with the Capital Markets regulations. To our shareholders which are full taxpayer institutions or limited taxpayer institutions obtaining dividend through a workplace or permanent representatives in Turkey; dividend to be paid at the rate of 64.375 % and TL 0.64375 gross= net cash for shares at the nominal value of TL 1.00 ; And gross cash dividend of TL 0.64375 at the rate of 64.375% and net cash dividend of TL 0.54719 at the rate of 54.719% for shares with a nominal value of TL 1.00 to be paid to our other shareholders, and to begin the payment of dividend on March 26, 2018 is submitted to approval of General Assembly which will be held on 19th March 2018 Monday to approve 2017 accounting period.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIVIDEND DISTRIBUTION TABLE
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
ARÇELİK A.Ş. 01.01.2017/31.12.2017 Period Dividend Payment Table (TL)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Rates Table
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Dividend Payment Table Explanation
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(*) There is no privileged share group in the profit.
(**) The dividend shall be distributed from 344,369,957.42 TL current year earnings and 90,630,042.58 TL extraordinary reserves.The withholding tax shall be charged to such non-exempted portion of individual taxpayers. For the purpose of calculating the total net dividend to be distributed, a calculation free of withholding tax shall be done for such portion that corresponds to the share of corporate shareholders which are known to be exempt from the withholding tax while the calculation for the entire unknown portion is based on the assumption that withholding tax shall be charged.
|