“RusHydro” Top managers have cut their bonuses nearly twice – RBC

Photo: Vladimir Smirnov / TASS

After Evgeny Dod’s resignation from the post of “RusHydro”, general director of the remuneration of its top managers for the first quarter of 2016 decreased by almost half. But the company has increased its revenues by 10% and the net profit – 40%

«RusHydro” management compensation for the first quarter 2016 fell by almost half, to 159 million rubles, follows from the report of the company.. During the same period in 2015 it paid keyword

management personnel of 310 million rubles in the first three months of 2016 have increased the company’s key performance indicators:. Revenue – by 10% to 104.4 billion rubles, net profit -. almost 40%, to 15 billion rubles.

on the eve of June 22, the Investigation Committee detained the former head of “RusHydro” Yevgeny Dod, who left in the autumn of 2015, and the chief accountant of the company Dmitry Finkel. Doda and Finkel charged under Part 4 of Art. 159 of the Criminal Code (fraud on a large scale). In particular, the TFR claims that in 2013, after the approval of the financial Dod “RusHydro” the report signed the order about the special bonuses of top managers, currently accrued premium of 353.21 million rubles., Illegally inflating the bonus of not less than RUR 73.2 million .

As noted in the case file, which examined RBC, “RusHydro” top management remuneration depended on the company’s financial results. To increase the bonuses, Dod Finkel and not reflected in the financial statements for the 2013 paper losses of 12.4 billion rubles. depreciation of 84.39% of the shares of RAO “Energy Systems of the East”, 29.8% “Yakutskenergo” and 1.04% of the Far Eastern Energy Company. Thus, according to the investigation, the company allegedly misled shareholders.

But in the accounting standards in 2013 “RusHydro”, explained in detail his action. Shares of “RAO ES of the East”, “Yakutskenergo” and “Far Eastern Energy Company” were evaluated her 20.2 billion rubles. based on the opinion of the appraiser. This is 12.3 billion rubles. higher than their market price at 31 December 2013, the Company recognized, but explained that stock prices do not reflect the fair value as trading no more than 1% of the shares. Do not reduce the return on the amount of paper loss order allows the Ministry of Finance from 1999 with the notes to the compilation of financial statements of listed companies. Similarly, it came in 2014 and 2015, it follows from its accounting standards. Then the losses from the revaluation of shares amounted to 13.5 billion and 5 billion rubles. respectively.

On Thursday, the UK asked the Basmanny Court arrested Doda and Finkel, told RBC court spokesman Juno Tsarev. The corresponding petition, she said, came to the court and will be considered at a meeting on Thursday, June 23

Dod refused to admit his guilt, according to TASS, citing a source familiar with the situation:. “All claims investigation categorically rejects, insisting on the legality of their actions “, – said the source.