Corporate Governance
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- 바카라 게임 > 53_word_end >
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Chapter 6 Accounting
바카라 게임 47 (Fiscal Year)
The fiscal year of the Company shall begin on the first date of January each year and 바카라 게임 on the last day of December of that year.
바카라 게임 48 (Disposition of Profit and Loss)- The Company 바카라 게임 dispose profits (including net earned surplus forwarded) of each fiscal year in the following order of priority:
- 1. Earned surplus 바카라 게임s;
- 2. Legal 바카라 게임;
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- 4. Voluntary 바카라 게임;
- 5. Other amounts of appropriation of retained earnings;
- 6. Surplus profit carried forward to the following term
When issuing new stocks due to capitalization of reserve, the Company may issue new stocks to be allotted to common stocks with common stocks or class stocks, and new stocks to be allotted to class stocks 바카라 게임 be the same class stock.
Article 49 (Payment of Divid바카라 게임s)- ① Dividends shall be paid with money, stocks and other properties.
- ② Dividends under Paragraph 1 shall be paid to the shareholders or the pledgees of the Company who have been duly entered in the register of shareholders as of the date prescribed in Article 14.
- ③ When paying profit dividends with stocks, the Company may issue new stocks to be allotted to common stocks with common stocks and class stocks subject to a resolution of a general meeting of shareholders, and new stocks to be allotted to class stocks shall be the same class stock.
- ① The Company may distribute dividends by quarters pursuant to Article 165-12 of the Financial Investment Services and Capital Market Act to shareholders as of the end of March, June and September from the commencement of fiscal year. Quarterly dividends shall be paid with money.
- ② Quarterly dividends in Paragraph 1 shall be subject to a resolution of the board of directors; however, the resolution concerned shall be adopted within 45 days from the record date under Paragraph 1.
- ③ Quarterly dividends shall be limited to the amount subtracting the amount under following subparagraphs from net assets worth at the balance sheet of the preceding period for settlement of accounts:
- (1) Amount of equity capital of the preceding period for settlement of accounts;
- (2) Accumulated amount of retained earnings and capital 바카라 게임 바카라 게임d until the preceding period for settlement of accounts;
- (3) Unrealized profit as prescribed by the Enforcement Decree of Commercial Act;
- (4) Amount to distribute divid바카라 게임s determined by the regular general meeting of shareholders of the preceding period for settlement of accounts;
- (5) Voluntary reserve reserved for specific purpose pursuant to the resolution of a general meeting of shareholders or provisions of the 바카라 게임s of incorporation until the preceding period for settlement of accounts;
- (6) Retained earnings which need to be reserved during the given period for settlement of accounts pursuant to quarterly divid바카라 게임s;
- (7) Accumulated amount of the amounts when quarterly divid바카라 게임s are paid during the given fiscal year;
- ④ When the Company issues new stocks prior to the record date under Paragraph 1 after the commencement date of fiscal year (including capitalization of reserve, stock dividends, request to covert convertible bonds, exercise of subscription right of bonds with warrants), the provisions in Article 10 shall apply mutatis mutandis to new stocks of the given year for quarterly dividends.
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Article 50 (Statute of Limitation for Claims for Payment of Divid바카라 게임s)- ① The statute of limitation for claims for payment of dividends shall expire unless exercised for 5 years.
- ② Dividends from the expiration of the statute of limitation in Paragraph 1 shall be attributed to the Company.