As regards distribution of profit for 2019 and previous years, only the profit captured in the PZU standalone financial statements prepared in accordance with PAS is subject to distribution.
Only the profit captured in the standalone financial statements of the parent company prepared in accordance with PAS is subject to distribution.
On 24 May 2019, PZU’s Ordinary Shareholder Meeting distributed PZU's net profit for the year ended 31 December 2018 totaling PLN 2,712 million by earmarking:
The record date was set at 14 August 2019 and the dividend payout date was set for 5 September 2019.
Moreover, the PZU Ordinary Shareholder Meeting made a decision on a transfer retained earnings to supplementary capital.
As at the date of signing these consolidated financial statements, the PZU Management Board has not adopted a resolution in the matter of the proposed distribution of the 2019 profit.