2023 DIVIDEND DISTRIBUTION TABLE
TOFAŞ TÜRK OTOMOBİL FABRİKASI A.Ş. 2023 Dividend Distribution Proposal Table (TL) |
1. |
Paid-in/Issued Capital |
500,000,000 |
2. |
Total Legal Reserves (According to Tax Book) ** |
1,013,110,828 |
If there is dividend privilege in the Articles of Association, information regarding this privilege |
No |
|
According to CMB |
According to Tax Book |
3. |
Current Period Profit |
18,326,525,000 |
18,739,160,966 |
4. |
Taxes Payable (-) |
3,243,086,000 |
2,754,363,447 |
5. |
Net Current Period Profit (=) *** |
15,083,439,000 |
15,984,797,518 |
6. |
Losses in Previous Years (-) |
|
|
7. |
Primary Legal Reserves (-) |
|
|
8. |
NET DISTRIBUTABLE CURRENT PERIOD (=) |
15,083,439,000 |
15,984,797,518 |
9. |
Donations Made during the Year (+) |
49,255,713 |
|
10. |
Donation-Added Net Distributable Current Period Profit on which First Dividend is Calculated |
15,132,694,713 |
|
11. |
First Dividend for Shareholders |
|
|
- Cash **** |
10,000,000,000 |
25,000,000 |
- Stock |
|
|
- Total |
10,000,000,000 |
25,000,000 |
12. |
Dividend Distributed to Owners of Privileged Shares |
|
|
13. |
Other Dividend Distributed |
|
|
- To the Members of the Board of Directors, |
|
|
- To the Employees |
|
|
- To None Shareholders |
|
|
14. |
Dividend to Owners of Redeemed Shares |
|
|
15. |
Second Dividend for Shareholders |
|
9,975,000,000 |
16. |
Secondary Legal Reserves |
997,500,000 |
997,500,000 |
17. |
Statutory Reserves |
|
|
18. |
Special Reserves |
|
|
19. |
EXTRAORDINARY RESERVES |
4,085,939,000 |
4,987,297,518 |
20. |
Other Distributable Resources |
0 |
0 |
- Retained Earnings |
|
|
- Extraordinary Reserves |
|
|
- Other distributable reserves in accordance with the Law and the Articles of Association |
|
0 |
21. |
Legal Reserves from Other Distributable Resources |
0 |
0 |
- Retained Earnings |
|
|
- Extraordinary Reserves |
|
|
- Other distributable reserves in accordance with the Law and the Articles of Association |
|
0 |
*The amount represents the registered nominal capital. In the records prepared according to the Tax Law (VUK), there is a capital inflation adjustment difference of TL 12,043,390,146.
** The amount represents the nominal legal reserve. With the application of inflation accounting, there is a total inflation adjustment difference of TL 2,958,512,143 related to the legal reserves in the records prepared according to the Tax Law (VUK).
*** In the records prepared according to the Tax Law (VUK), TL 15,984,797,518 of the current year’s profit is included in the Retained Earnings Resulting from Inflation Adjustments account. Although the relevant account has a balance of TL 15,430,521,165.39, there is a sufficient amount in inflation adjustment amount in Equity items in order to cover decrease of TL 554,276,352.61.
**** The first dividend amount is calculated based on the registered nominal capital.
TOFAŞ TÜRK OTOMOBİL FABRİKASI A.Ş. 2023 DIVIDEND RATES TABLE |
|
SHARE GROUP |
DIVIDEND AMOUNT |
TOTAL DIVIDEND AMOUNT (TL)/ NET DISTRIBUTABLE CURRENT PERIOD PROFIT |
DIVIDEND TO BE PAID FOR SHARE WITH PAR VALUE OF 1 TL |
|
|
CASH (TL) |
STOCK (TL) |
RATE (%) |
AMOUNT (TL) |
RATE (%) |
NET * |
A (real person) |
20,988,759 |
|
0.14 |
18.0000 |
1,800.00 |
|
A (legal entity) |
3,762,276,294 |
|
24.94 |
20.0000 |
2,000.00 |
|
D |
3,407,037,424 |
|
22.59 |
18.0000 |
1,800.00 |
|
E |
2,185,925,153 |
|
14.49 |
18.0000 |
1,800.00 |
|
TOTAL |
9,376,227,629 |
0 |
62.16 |
|
|
(1) There is no privileged share group in profits
(2) Dividend amounts to be distributed to A, D and E groups are shown as consolidated.
(3) No withholding tax will be applied as Group A shares which correspond to 37.62% of the capital belong to full-fledged legal persons.
And as Group A shares which correspond to 0.23% of the capital belong to full-fledged real persons, 10% withholding tax will be applied,
(4) 10% withholding tax is applied by taking into account that all Group D shares belong to limited liability real persons.
(5) 10% withholding tax is applied accepting that all Group E public shares belong to real persons.
