As stated in the 29th Article of Main Contract, after the general costs like expenditures of company and various amortisation prices are deducted from incomes assessed in the end of account period, the remainder amount constitutes the net profit. The distribution of net profit is made according to abovementioned lines and terms.
a.5% is saved as legal reserve.
b.The total for corporation tax and other taxes and financial liabilities that should be paid by the company is saved.
c.A total amounting to 5% of paid-in capital is distributed as first dividend.
d.Whether an amount as second dividend from remainder profit will be distributed or not and its amount is determined by Board of General Shareholders.
e.If the Board of General Shareholders agrees on to pay an amount from profit to Board of Directors, managing directors, officers and employees, the Board of General Shareholders determines its amount.
f.466/3 Article of Turkish Commercial Code is reserved.
Board of General Shareholders determines the date of annual profits distribution and its terms, on Board of Directors proposition. The distributed profits cannot be resumed in accordance with the terms Main Contract.
Decrees of 466 and 467th Articles of Turkish Commercial Code is applied on excess reserves reserved by the Company.
Our Company, member of Factoring Association, aims to maximize customer satisfaction with a service understanding subject to ethical values.
