19 July 2018

For the first time in 7 years

Rusnano paid dividends to the state for the first time in history

I. Stolz, FinGlobal

By the end of 2017, the state will receive almost 540 million rubles from Rusnano. For the entire existence of the corporation, this is the first case of payment of dividends.

For the first time since its establishment in 2011, Rusnano paid dividends to the state in the form of 50% of net profit. This is stated in the company's press release.

"The first payment of dividends in favor of the state confirms that the self-financed strategy for the development of the nanoindustry has already been launched. The state's contribution to Rusnano paid off due to taxes of new nanoindustry productions, and a stable financial result allowed us to distribute half of the profit to the sole shareholder for the first time," Boris Podolsky, executive director of the Rusnano management company, commented on this event.

The sole shareholder of Rusnano is the state. The decision to pay dividends was made by the Federal Property Management Agency at the annual meeting of shareholders.

In total, at the end of 2017, Rusnano's net profit according to RAS amounted to 1.057 billion rubles. Thus, the state will receive 537.5 million rubles from the company.

The Rusnano company was established in 2011 through the reorganization of the state corporation "Russian Corporation of Nanotechnologies". For the first time, the company made a net profit in 2014, but the decision to pay dividends to the state had not been made before. For the first time, the head of the company Anatoly Chubais announced the possibility of such a solution at the end of March. Then he noted that he noted that the changes in accounting standards had a positive effect of 3 billion rubles on the final profit indicator.

In total, until 2023, according to the updated strategy of the company, the state should receive 6 billion rubles from Rusnano as dividends.

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