Dividend for financial year 2010
Fluxys SA's net result was €267.7 million compared with €65.9 million in 2009. The result for the period was boosted by both non-recurring items, namely the surplus yielded as a result of the rearrangement of the group structure, and the positive influence of the recovery of the non-depreciated portion of the Regulated Asset Base in connection with the closure of the peak-shaving facility at Dudzele.
Factoring in a profit of €56.6 million carried forward from the previous period and a withdrawal from reserves of €43.6 million, the Ordinary Annual General Meeting of 10 May 2011 has decided to allocate profits as follows:
- €53.1 million to profit to be carried forward
- €314.8 million as a dividend to shareholders
The gross dividend per share in 2010 will be €448 (€336 net), of which €228 (€171 net) has already been distributed as interim dividend. The remaining €220 (€165 net) will be payable as from 19 May 2011.
The increase in the 2010 dividend compared with the 2009 dividend is due in part to the significant non-recurring items detailed above and in part to the introduction of a new profit-distribution policy as from 2010. The Board of Directors decided to propose distributing the entire net result for the period, plus (barring unforeseen circumstances) the revaluation surplus on tangible assets as and when they depreciate. This new profit-distribution policy should enable Fluxys to convert its financial structure into an equity/borrowed funds ratio more in line with the regulatory framework by which its activities are governed.
As a reminder, the 2010 dividend (excluding non-recurring items) was €123 net per share.
> Payment of dividend for financial year 2010
in French or in Dutch 
> Payment of interim dividend in December 2010
in French or in Dutch
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