Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on April 3, 2006, reports a material event regarding the Annual Shareholder's Meeting held on March 31, 2006. The filing covers the approval of the 2005 Annual Report and financial statements for the year ended December 31, 2005.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the 2005 period. It confirms that the consolidated financial statements, including the Balance Sheet and Profit and Loss Statement, were approved by shareholders.
- Dividend Declaration: A cash dividend of US$ 103,820,548.70 was approved.
- Dividend Per Share: US$ 1.10 per share.
- Share Count: Based on 94,382,317 shares.
- Payment Date: May 3, 2006.
- Record Date: April 12, 2006.
Material Changes and Corporate Actions
Shareholders approved the re-designation of Medina, Zaldívar, Paredes y Asociados (a member firm of Ernst & Young) as external auditors for the 2006, 2007, and 2008 calendar years. The Board of Directors was delegated the authority to approve auditor fees for this period. The dividend payment represents a significant cash outflow approved by the Board on February 23, 2006.
Guidance, Outlook, and Risks
The filing contains standard forward-looking statements regarding future economic circumstances, industry conditions, and company performance. Management notes that actual results may differ materially from expectations due to risks including general economic and market conditions. No specific operational guidance or new risk contingencies were detailed in this specific material event notice.
Investor Verification Checklist
- Verify the exact payment date of the US$ 1.10 per share dividend (May 3, 2006) against the record date (April 12, 2006).
- Confirm the total dividend payout amount of approximately US$ 103.8 million.
- Review the full 2005 Annual Report and audited financial statements referenced in the filing for detailed revenue and profit metrics not included in this summary.
- Monitor the appointment of Ernst & Young member firms as auditors for the 2006-2008 period.