Zarubezhneft entered TOP-10 state-owned payers of dividends to the budget of the Russian Federation
On September 27, the Accounts Chamber presented an opinion on the report prepared by the Government of the Russian Federation on the implementation of the federal budget for 2020. In accordance with this opinion, Zarubezhneft entered the TOP-10 of state-owned companies in terms of dividend payments in 2020, having transferred dividends in the amount of 6.7 billion rubles to the budget of the Russian Federation.
Of the total amount of income received in the form of profit attributable to shares in the authorized capital of business partnerships and companies, or dividends on shares owned by the Russian Federation, 416,624.0 million rubles, or 98.9% of the total amount of these incomes, were received from 14 largest joint stock companies. Despite the deterioration of the macroeconomic situation in 2020, Zarubezhneft is increasing the amount of dividends compared to 2019, which was not achieved by the 8 largest companies from the TOP-14. In addition, Zarubezhneft once again used 50% of its 2019 net profit to pay dividends.
The significance of the achieved result is emphasized by the fact that the calculation of Russian Federation budget dividend income in 2020 included payments of 1,465 state-owned companies. Thus, the 9th position of Zarubezhneft in the rating confirms the effectiveness of the company's constant focus on improving the economic efficiency.