The Sole shareholder “Samruk-Kazyna” JSC holds 100% of “Samruk-Energy” JSC shares (www.sk.kz).

The relationship with the Sole Shareholder involves ensuring protection and respect for its rights and legitimate interests and is based on honesty, accountability, responsibility, and transparency.

The Sole Shareholder ensures the management of the Company by setting priorities and strategic directions of business.

The rights of the Sole Shareholder are exercised in accordance with the Law of the Republic of Kazakhstan "On joint-stock company" and “Samruk-Energy” JSC Charter.

Key decisions of Sole Shareholder

The Sole Shareholder considered the following key matters in the reporting year:

April 12, 2021 (Minutes No. 13/21) – On approval of the annual financial statements of “Samruk-Energy” JSC for 2020, the procedure for distributing the net income of “Samruk-Energy” JSC for 2020 and the amount of dividend per one ordinary share of  "Samruk-Energy" JSC.

June 30, 2021 (Minutes No. 28/21) – On making additions to “Samruk-Energy” JSC Charter.

October 28, 2021 (Minutes No. 49/21) – On the results of independent diagnostics of corporate governance at 11 portfolio companies of “Samruk-Kazyna” JSC.

Equity holding structure

According to the operating results of the Company, as of December 31, 2021, the number of authorized securities reached 8,602,187 pieces. The number of placed securities is 5,601,812 pieces. The nominal value of one ordinary share as of December 31, 2021 amounted to 10,000 tenge.

Earnings per share and balance-sheet value per share

Basic earnings per share is calculated as the ratio of profit attributable to “Samruk-Energy” JSC group’s shareholders to the weighted average number of ordinary shares outstanding during the year. “Samruk-Energy” group does not have dilutive potential ordinary shares, therefore diluted earnings per share are the same as basic earnings per share.

In thousands of Kazakhstani tenge

2021

2020

Profit for the year attributable to the shareholders of “Samruk-Energy” JSC group of companies (in thousands of Kazakhstani tenge)

15,046,311

8,007,623

Weighted average number of ordinary outstanding shares

5,601,812

5,601,812

Earnings per share attributable to the shareholders of “Samruk-Energy” JSC group (rounded to tenge)

2,686

 1,429

BALANCE-SHEET VALUE OF ONE SHARE

In accordance with the decision of the Exchange Council of Kazakhstan Stock Exchange JSC (hereinafter “KASE”) dated October 4, 2010, the consolidated financial statements must contain data on the balance-sheet value of one share (common and preferred) as of the reporting date, calculated in accordance with the approved KASE rules. As of December 31, 2021, the balance-sheet value of one share (common and preferred), calculated by “Samruk-Energy” JSC group’s management team using the data from consolidated financial statements, amounted to 88,985 tenge (31 December 2020: 86,937 tenge). Below is a table for calculating the balance sheet value of one share:

In thousands of Kazakhstani tenge

2021

2020

Total assets 

939,820,011

885,705,149

Less: intangible assets

(4,165,145)

(3,570,398)

Less: total liabilities

(437,179,560)

(395,129,513)

Net assets for ordinary shares

498,475,306

487,005,238

Number of ordinary shares as of December 31

5,601,812

5,601,812

Balance sheet value of one share, tenge

88,985

86,937

DIVIDEND POLICY

The Company’s Dividend policy is based on the principles of meeting interests of the Sole Shareholder, increasing the longterm value of the Company, transparency of the mechanism for determining the amount of dividends and ensuring the financial stability of the Company;

Dividends are calculated based on the amount of a company’s net income reported in the annual audited financial statements of the Company, compiled in accordance with the requirements of the legislation of the Republic of Kazakhstan on accounting and financial reporting and international financial reporting standards.

The amount of dividends paid in line with Resolutions of the Sole Shareholder

Period

Amount

2021 (according to the 2020 results)

3,242,143,450

2020 (according to the 2019 results)

3,066,231,000

2019 (according to the 2018 results)

2,041,000,000