Undistributed profits from previous years are taken from Bulgarian Energy Holding EAD as a dividend for the state
The Council of Ministers adopted an Order amending and supplementing Order No. 2 of 2023 on the establishment and payment to the state of deductions from the profit of state-owned enterprises and commercial companies with state participation in the capital. It is related to the distribution of the profit of " Bulgarian Energy Holding " EAD (BEH EAD), says the government announcement. The order stipulates that BEH EAD distributes and pays in full as a dividend to the state its undistributed profit from previous years, reported in its annual financial report as of 12/31/2022. The holding company will also distribute and pay a dividend of BGN 800,000,000 based on the adopted and audited interim financial report for the first half of 2023. The distributed dividend from " Bulgarian Energy Holding " EAD shall be paid by July 31, 2023. The contribution of additional funds by BEH EAD to the state budget is a measure in the revenue part of the budget, with the aim of preserving the stability of public finances and in connection with the achievement of a budget balance with a deficit of up to 3% within the criteria of the Pact for Stability and Growth, with a view to fulfilling one of the main goals of the Bulgarian government - joining the Eurozone. The allocation and contribution of funds as a dividend to the state will not negatively affect the financial stability of BEH EAD and the companies of the BEH Group and does not put the " Energy " industry at risk, the government`s press release claims. The order is in accordance with Art. 14, item 3 of the Law on Public Enterprises and it provides conditions for the implementation of the revenue part of the state budget in the part of non-tax dividend income, specified by the Ministry of Justice.
Източник: 3e-news.net
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