On Friday, March 3, an ordinary meeting of the Board of Directors of Nizhnekamskneftekhim PJSC was held in Kazan, where the annual financial statements for 2016 were preliminarily affirmed, the financial and economic performance, and a year-end execution of the capital investments and financing plan at the enterprise and across the entire NKNK Group were approved.
As announced during the meeting, according to the results of 2016, Nizhnekamskneftekhim paid RUB 8 billion 969 million of taxes and charges to the consolidated budget of the Republic of Tatarstan.
In addition, during the meeting of the Board, the company's annual report for the past year was preliminary approved, the agenda was adopted for the annual general meeting of shareholders to be held on April 5 in the headquarters of Nizhnekamskneftekhim as well as a number of documents necessary to hold the annual meeting.
The Board of Directors approved the results of a closed tender for the selection of an independent auditor for NKNK based on RAS and IFRS. As before, the state company Pricewaterhouse Coopers Audit was selected as a candidate that would be presented at the annual meeting for approval by the shareholders.