Ford Otomotiv Sanayi : Dividend Distribution Proposal
February 19, 2020 at 02:27 am EST
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FORD OTOMOTİV SAN. A.Ş. 01.01.2019-31.12.2019 FISCAL YEAR DIVIDEND DISTRIBUTION
Ford Otomotiv Sanayi A.Ş. 2019 Dividend Distribution Proposal Table (TL)
1. Paid-in / Issued Capital
350.910.000
2. Total Legal Reserves (According to Tax Book)
302.763.743
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
1.950.173.375
1.702.972.048
4.
Taxes Payable (-)
9.310.814
(21.242.186)
5.
Net Current Period Profit
1.959.484.189
1.681.729.862
6.
Losses in Previous Years (-)
0
0
7.
Primary Legal Reserve (-)
0
0
8.
NET DISTRIBUTABLE CURRENT PERIOD PROFIT
1.959.484.189
1.681.729.862
9.
Donations Made during the Year ( + )
37.368.279
10.
Donation-Added Net Distributable Current Period Profit on which First
1.996.852.468
Dividend Is Calculated
First Dividend to Shareholders
0
11.
-Cash
998.426.234
-Stock
0
-Total
998.426.234
12.
Dividend Distributed to Owners of Privileged Shares
0
Other Dividend Distributed
0
13.
-To the Employees
0
-To the Members of the Board of Directors,
0
-To None Shareholders
0
14.
Dividend to Owners of Redeemed Shares
0
15.
Second Dividend to Shareholders
96.412.966
16.
Secondary Legal Reserves
107.729.370
17.
Statutory Reserves
0
0
18.
Special Reserves
0
0
19.
EXTRAORDINARY RESERVES
756.915.619
479.161.292
Other Distributable Resources
0
0
-Retained Earnings
0
0
20.
-Extraordinary Reserves
0
0
-Other distributable reserves in accordance with the Law and the Articles of
0
0
Association
Ford Otomotiv Sanayi A.Ş. 2019 Dividend Rates Table
TOTAL DIVIDEND
AMOUNT (TL) /
DIVIDEND AMOUNT
NET
DIVIDEND TO BE PAID FOR SHARE
SHARE GROUP
DISTRIBUTABLE
WITH PAR VALUE OF 1 TL
CURRENT PERIOD
PROFIT (%)
CASH (TL)
STOCK (TL)
RATE (%)
AMOUNT (TL)
RATE (%)
A
186.114.375
0
9,4981
2,6520
265,2000
NET
B
428.404.835
0
21,8631
3,1200
312,0000
C
426.807.217
0
21,7816
2,9640
296,4000
TOTAL
1.041.326.427
0
53,1429
There is no privileged share group in the profit.
Within the group A shares, %0 withholding tax rate is applied for the dividend amount of TL 10.168.711 corresponding to known legal entities, 15% withholding tax rate is
applied for the amount of TL 206.994.899 assuming that the rest of the shares are held by natural persons or foundations that are subject to withholding tax.
The %0 withholding tax rate is used when calculating net dividend for all of group B shares which belong to our taxpayer legal entity partners Koç Holding A.Ş and Temel
Ticaret A.Ş.
The 15% withholding tax rate is used when calculating net dividend for all of group C shares which belong to our limited taxpayer partner Ford Deutschland Holding GMBH .
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Disclaimer
Ford Otomotiv Sanayi AS published this content on 19 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 February 2020 07:27:05 UTC
Ford Otomotiv Sanayi AS is a Turkey-based company, which is engaged in the automobile and auto parts sector. It manufactures, assembles and sells motor vehicles, primarily commercial vehicles; imports and sells passenger cars, as well as manufactures, imports and sells spare parts of those vehicles. Ford Otomotiv Sanayi AS operates as a joint venture between Ford Motor Company and the Koc Group of Companies. In its Kocaeli compound, the Company has a Golcuk plant in which the transit and transit custom vehicles are manufactured and a Yenikoy plant in which the transit courier vehicles are manufactured. In its Eskisehir Inonu compound, the Company has a cargo truck plant as well as an engine and power train plant which manufactures for trucks and transit vehicles. Additionally the Company has a spare part distribution warehouse, sales and marketing departments and a research and development (R&D) center located in Sancaktepe, Istanbul.
FORD OTOMOTIV SANAYI 
