The government is considering the transition of the Railways to IFRS dividends paid

KRASNOYARSK, April 21. /TASS/. The Russian government is instructed to consider the transition of JSC “Russian Railways” (RZD) to IFRS dividends paid, said TASS Deputy Prime Minister, Chairman of the Board of Directors of Russian Railways Arkady Dvorkovich.

“There was a letter from the Railways to the government, I was instructed to consider this issue in order to decide”, he said.

Answering the question whether Russian Railways to pay dividend 50% of net profit under IFRS, Dvorkovich stressed that the company will comply with this rule if the decision of the government.

Earlier, the head of Rosimuschestvo Dmitry Pristanskov said that the Agency adheres to the position of the Ministry of Finance dividends of state companies in the amount of at least 50% of the net profit. Thus, according to him, the decision on the amount of dividends for each state-owned company will be made separately .

Earlier, the President of Russian Railways Oleg Belozerov said that the company may go to the payment of dividends from net profit under international financial reporting standards (IFRS) in the transition to the same standards of taxation. Speaking of dividends, Belozerov said that the Railways would abide by any decision of the government. However, he admitted the possibility of reducing the contributions to the share capital while reducing the amount of the dividend.

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