Shareholders of the energy supply company VAT "Volynoblenergo" at the general meeting on April 5 voted for the distribution of the company's profit received in 2004, namely: to allocate 40% for dividend payments and 5% to the reserve fund. The shareholders approved a similar profit distribution standard for 2005 as well: 40% for dividend payments and 5% to the reserve fund. \nThe meeting approved the company board's report on the results of the financial and economic activity of VAT "Volynoblenergo" for 2004, the financial plan for the current year, and determined the main directions of activity in 2005. The shareholders introduced the changes and amendments to the charter proposed by NAK "Energy Company of Ukraine," and also re-elected the supervisory board and the audit commission of the company. \nAccording to the decision of the meeting, the following were re-elected to the updated composition of the supervisory board: representatives of NAK "Energy Company of Ukraine" Hryhorii Katrenko, Olha Rybachenko, and representative of VAT "Volynoblenergo" Valentyna Vivalniuk. New members of the supervisory board were representatives of NAK "Energy Company of Ukraine" Oleksandr Kushch, Valerii Piriiev, Volodymyr Radchenko, and representative of the Ministry of Fuel and Energy of Ukraine Kostiantyn Radchenko. \nRe-elected to the audit commission were Liudmyla Deineko (NAK "Energy Company of Ukraine"), Valentyna Urban and Nina Butolina (VAT "Volynoblenergo"). Also included in the audit commission were Liudmyla Khromets (NAK "Energy Company of Ukraine"), Leonid Narizhnyi (director of the audit firm UNG – "Balans"), Oleksandr Huk (Minpalenerho). \nThe charter fund of VAT "Volynoblenergo" amounts to 23 million 863 thousand 800 hryvnias. The state owns 75% of the shares of the VAT, which have been transferred to the charter fund of NAK "Energy Company of Ukraine." The net profit of VAT "Volynoblenergo" for 2004 amounted to 2 million 977 thousand hryvnias. \n