Comp hoards its capital in readiness for expansion

Comp's revenues for 2004 amounted to zł.61 million, which places the enterprise among the sector leaders. It is constantly investing in developing its products, and does not exclude the possibility of acquisitions. In order to implement these plans, Comp is going to issue shares worth about zł.20 million in the near future. For this reason the company's management board put forward a suggestion to allot the entire 2004 profit to its reserve capital fund. A small part of it (zł.200,000) will be devoted to the company's Social Benefits Fund, and zł.260,000 will be paid out to the members of the management board in bonuses. "We decided that our results for last year enable us to divide 4% of the profit among the members of the board," said Robert Tomaszewski, head of the supervisory board. President Jacek Papaj is going to get zł.100,000 and the deputy presidents - Olaf Wąsowski and Grzegorz Zieleniec zł.80,000 each. (Parkiet, p. 5) A.F.