Of S.P. Korolev Rocket and Space Public Corporation Energia for 2013
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OF S.P. KOROLEV ROCKET AND SPACE PUBLIC CORPORATION ENERGIA FOR 2013 This Annual Report of S.P. Korolev Rocket and Space Public Corporation Energia (also hereinafter called “OAO RSC Energia”, “RSC Energia”, “the Corporation”) by the 2013 performance is drawn up in accordance with the RF Government Decree No 1214 as of December 31, 2010 “On Improvement of the Procedure for Management of Open Joint-Stock Companies Whose Stock is in Federal Ownership and Federal State Unitary Enterprises” with due regard for the requirements set forth in the Order issued by the RF Federal Financial Markets Service No 11-46/pz-n as of October 4, 2011 “On Approval of the Provision on Information Disclosure of Issuers of Registered Securities”. This Annual Report was preliminarily approved by RSC Energia’s Board of Directors on April 29, 2014. Minutes No10 as of May 6, 2014. Accuracy of the data contained in this Annual Report was confirmed by RSC Energia’s Auditing Committee Report as of April 17, 2014. 2 TABLE OF CONTENTS KEY PERFORMANCE INDICATORS ........................................................................... 6 ON CORPORATION ACTIVITIES ................................................................................. 8 Corporation background ................................................................................................................................8 Corporation structure (its participation in subsidiary and affiliated companies) ...........................................9 Information about purchase and sale contracts for participating interests, equities, shares of business partnerships and companies concluded by the Corporation in 2013 ......................................10 Information about building holding (integrated) structure ...................................................................10 Corporation standing in the industry ............................................................................................................10 Period of the Corporation operation in space industry .........................................................................10 Major competitors of the Corporation in space industry ......................................................................11 Corporation share in respective market segment in terms of its core business and dynamics of this indicator over the last 3 years ...............................................................................................................13 DEVELOPEMENT STRATEGY .................................................................................... 14 Outlook for the Corporation development and main lines of activity .........................................................14 Information about the strategies and development programs developed in the Corporation ...............14 Corporation development outlook ........................................................................................................14 Level of investment with breakdown by financing sources .................................................................17 CORPORATION PERFORMANCE .............................................................................. 18 Its priority lines of activity ...........................................................................................................................18 Manned Space Systems ........................................................................................................................18 Launch vehicles ....................................................................................................................................36 Flight operation and tests of rocket and space systems ........................................................................40 Unmanned space complexes and systems ............................................................................................41 The use of space technologies in terrestrial applications ......................................................................43 International activities of the Corporation ............................................................................................44 SOCIAL RESPONSIBILITY ........................................................................................... 49 Personnel development and social policy ....................................................................................................49 Personnel policy ....................................................................................................................................49 Personnel motivation ............................................................................................................................51 Social policy .........................................................................................................................................52 Charitable activity .................................................................................................................................53 Energy Saving and energy Efficiency ..........................................................................................................54 Increased ecological safety of production ....................................................................................................55 CORPORATE MANAGEMENT .................................................................................... 57 3 RSC Energia corporate management concepts and structure ......................................................................57 Information about the Corporation Board of Directors ...............................................................................59 Board of Directors Provision ................................................................................................................59 RSC Energia Board of Directors membership during the accounting year ..........................................59 Background information about the persons who were the members of RSC Energia Board of Directors in 2013 ..................................................................................................................................61 Regulations on ad hoc Committees at RSC Energia Board of Directors .............................................66 Meetings of the ad hoc Committees at the Board of Directors held in 2013 ........................................67 Provision on Remuneration of the Corporation Board of Directors members. ....................................67 Information about remuneration paid to the Board of Directors members in 2013 .............................68 Information about the Corporation executive bodies ...................................................................................69 Single – member executive body ..........................................................................................................69 Collective Executive Body ...................................................................................................................69 RSC Energia Collective Executive Body membership during 2013 ....................................................70 Background information about the persons who were the members of RSC Energia management in 2013 ..................................................................................................................................................70 Provision on remuneration of the Corporation executive bodies members ..........................................75 Information about remuneration paid to the Corporation executive bodies members .........................75 Equity capital ...............................................................................................................................................75 Equity capital structure .........................................................................................................................75 Dividend Policy ....................................................................................................................................76 Information about distribution and disposition of profits drawn by the 2012 performance in 2013 ....77 Internal control and risk management ..........................................................................................................79 Description of the key risk factors associated with the Corporation activities .....................................79 Membership of RSC Energia Auditing Committee during 2013 .........................................................86 Remuneration paid to the Auditing Committee members in 2013 .......................................................87 ADDITIONAL INFORMATION .................................................................................... 88 Contact information .....................................................................................................................................88 Glossary .......................................................................................................................................................90 APPENDICES.................................................................................................................... 93 Appendix 1 / Bookkeeping Reporting and Auditor’s Report on Faithfulness of Bookkeeping Reporting over the Accounting and Previous Years .....................................................................................................93 Appendix 2 / Data on appropriation of net profit gained by