Information on Candidates Nominated for Election to the Board of Directors of FGC UES, PJSC and Information on Availability Or
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Unipro Group Consolidated Financial Statements
UNIPRO GROUP CONSOLIDATED FINANCIAL STATEMENTS PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS AND INDEPENDENT AUDITOR’S REPORT 31 DECEMBER 2018 Contents INDEPENDENT AUDITOR’S REPORT CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statement of Financial Position ......................................................................................... 1 Consolidated Statement of comprehensive Income ................................................................................ 2 Consolidated Statement of Changes in Equity ........................................................................................ 3 Consolidated Statement of Cash Flows .................................................................................................. 4 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Note 1. The Group and its operations ..................................................................................................... 5 Note 2. Principles of preparation and summary of significant accounting policies ................................. 7 Note 3. Critical accounting estimates and assumptions ........................................................................ 19 Note 4. Application of new and revised standards and clarifications .................................................... 20 Note 5. Related Parties ......................................................................................................................... 25 Note 6. Acquisitions and disposals ....................................................................................................... -
Annual Report 2018
ANNUAL REPORT 2018 CONTRIBUTION TO THE SUSTAINABLE DEVELOPMENT OF GLOBAL ENERGY Contents 1 ASSOCIATION 2 THE GLOBAL ENERGY PRIZE 4 Key Indicators 44 About the Award 11 Address by the President of the Association 48 The International Award Committee 14 Key Events of 2018 52 Nomination Process 24 History of the Association 53 Nomination Cycle 26 Association Members 54 Nominating Persons 27 Organizational Structure 54 Independent International Experts Pool 29 Mission and Values 55 National Award Support Committees 30 Development Strategy 56 2018 Nomination Cycle Results 35 International Cooperation 57 Award Laureates 40 Financial Results 64 Award Development 65 Position in the Industry 3 PROGRAMS OF THE ASSOCIATION 4 SUSTAINABLE DEVELOPMENT 68 Programs and Contests of the Association. 80 Corporate Governance Development Plans 89 Internal Control and Audit 70 The Energy of Youth Contest 90 Implementation of IT-solutions 72 The Energy of Breakthrough Contest 91 HR Policy 74 The Energy of Thought Scientific Symposium 93 Interaction with Stakeholders 75 The Energy of Knowledge Program 96 Work with Award Laureates and Program Winners 76 The Energy of Education Program 77 The Energy of Inspiration Award 77 The Energy of Words International Media Contest 118 GLOSSARY 119 DISCLAIMER 119 CONTACT DETAILS 120 ANNEXES 120 1. About the Report 121 2. GRI Content Index 126 3. Financial Statements for 2018 130 4. Conclusion on the Results of the Audit of the Association Activities 132 5. Feedback Form TRANSFORMATION ASSOCIATION FOR FUTURE GROWTH 1 OUR ASSOCIATION HELPS TO SHAPE THE ENERGY OF THE FUTURE BY SUPPORTING ADVANCED SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENTS AND STIMULATING 3 INTERNATIONAL ENERGY COOPERATION IN THE INTERESTS CORE ACTIVITIES OF ALL HUMANKIND. -
Information Translation JSC Inter RAO 2014 Annual Report
1 Information translation JSC Inter RAO 2014 Annual Report Preliminarily approved by the Board of Directors of JSC Inter RAO on April 07, 2015 (Minutes No. 138 of the meeting of the Board of Directors dated April 09, 2015). Management Board Boris Kovalchuk Chairman Chief Accountant Alla Vaynilavichute 2 Table of content 1 Report overview ........................................................................................................................ 4 2 General information on Inter RAO Group .................................................................................. 8 2.1 About Inter RAO Group ..................................................................................................... 8 2.2 Group's key performance indicators ................................................................................. 14 2.3 Inter RAO Group on the energy market ........................................................................... 15 2.4 Associations and partnerships ......................................................................................... 15 3 Statement for JSC Inter RAO shareholders and other stakeholders ........................................ 18 4 Development strategy of Inter RAO Group and its implementation ......................................... 21 4.1 Strategy of the Company ................................................................................................. 21 4.2 Business model .............................................................................................................. -
Specialised Asset Management
specialised research and investment group Russian Power: The Greatest Sector Reform on Earth www.sprin-g.com November 2010 specialised research and investment group Specialised Research and Investment Group (SPRING) Manage Investments in Russian Utilities: - HH Generation - #1 among EM funds (12 Months Return)* #2 among EM funds (Monthly return)** David Herne - Portfolio Manager Previous positions: Member, Board of Directors - Unified Energy Systems, Federal Grid Company, RusHydro, TGK-1, TGK-2, TGK-4, OGK-3, OGK-5, System Operator, Aeroflot, etc. (2000-2008) Chairman, Committee for Strategy and Reform - Unified Energy Systems (2001-2008) Boston Consulting Group, Credit Suisse First Boston, Brunswick. * Top 10 (by 12 Months Return) Emerging Markets (E. Europe/CIS) funds in the world by BarclayHedge as of 30 September 2010 ** Top 10 (by Monthly Return) Emerging Markets (E. Europe/CIS) funds in the world by BarclayHedge as of 31 August 2010 2 specialised research and investment group Russian power sector reform: Privatization Pre-Reform Post-Reform Government Government 52% 1 RusHydro 1 FSK RAO ES RAO UES 58% 79% hydro generation HV distribution 53% Far East Holding control control Independent energos 53% 1 MRSK Holding 14 TGKs 0% (Bashkir, Novosibirsk, ~72 energos 0% generation (CHP) generation Irkutsk, Tat) 35 federal plants transmission thermal 11 MRSK distribution 51% hydro LV distribution 0% ~72 SupplyCos supply 6 OGKs other 0% generation 45% InterRAO 0% ~100 RepairCos Source: UES, Companies Data, SPRING research 3 specialised research -
Annual Report ‘06 Contents
ANNUAL REPORT ‘06 CONTENTS MESSAGE TO SHAREHOLDERS ————————————————————————————— 4 MISSION AND STRATEGY ———————————————————————————————— 7 COMPANY OVERVIEW ————————————————————————————————— 13 ² GENERAL INFORMATION 13 ² GEOGRAPHIC LOCATION 14 ² CALENDAR OF KEY 2006 EVENTS 15 ² REORGANIZATION 16 CORPORATE GOVERNANCE —————————————————————————————— 21 ² PRINCIPLES AND DOCUMENTS 21 ² MANAGEMENT BODIES OF THE COMPANY 22 ² CONTROL BODIES 39 ² AUDITOR 40 ² ASSOCIATED AND AFFILIATED COMPANIES 40 ² INTERESTED PARTY TRANSACTIONS 41 SECURITIES AND EQUITY ——————————————————————————————— 43 ² CHARTER CAPITAL STRUCTURE 43 ² STOCK MARKET 44 ² DIVIDEND HISTORY 48 ² REGISTRAR 49 OPERATING ACTIVITIES. KEY PERFORMANCE INDICATORS ——————————————— 51 ² GENERATING FACILITIES 51 ² FUEL SUPPLY 52 ² ELECTRICITY PRODUCTION 56 ² HEAT PRODUCTION 59 ² BASIC PRODUCTION ASSETS REPAIR 59 ² INCIDENT AND INJURY RATES. OCCUPATIONAL SAFETY 60 ² ENVIRONMENTAL SAFETY 61 ELECTRICITY AND HEAT MARKETS ——————————————————————————— 65 ² COMPETITIVE ENVIRONMENT. OVERVIEW OF KEY MARKETS 65 ² ELECTRICITY AND HEAT SALES 67 FINANCIAL OVERVIEW ————————————————————————————————— 73 ² FINANCIAL STATEMENTS 73 ² REVENUES AND EXPENSES BREAKDOWN 81 INVESTMENT ACTIVITIES ———————————————————————————————— 83 ² INVESTMENT STRATEGY 83 ² INVESTMENT PROGRAM 84 ² INVESTMENT PROGRAM FINANCING SOURCES 86 ² DEVELOPMENT PROSPECTS 87 INFORMATION TECHNOLOGY DEVELOPMENT —————————————————————— 89 PERSONNEL AND SOCIAL POLICY. SOCIAL PARTNERSHIP ———————————————— 91 INFORMATION FOR INVESTORS AND SHAREHOLDERS —————————————————— -
Methodical Approach to Assessing the Effectiveness of the Management System of Thermal Power Plants in Russia
E3S Web of Conferences 124, 04003 (2019) https://doi.org/10.1051/e3sconf/201912404003 SES-2019 Methodical approach to assessing the effectiveness of the management system of thermal power plants in Russia P. I. Okley1, V. K. Lozenko1 and R. I. Inamov1,* 1 National Research University "Moscow Power Engineering Institute", Moscow, Russia Abstract. Physical deterioration of thermal power plants based on hydrocarbon fuels leads to technological violations (TV) in their work. Low rates of renewal of thermal generation predetermines the further exploitation of old capacities. In this regard, the activity of the management of energy holdings (EH) is more focused on maintaining the equipment in working condition. The methods, approaches and tools underlying decision-making by the management of energy holding companies are different, respectively, the results of the functioning of the organized management systems (MS) of each company are also different. To assess the effectiveness of the management system it is proposed to use such a generalized indicator as the number of technological violations per year per 1 GW of installed capacity. 1 Introduction capacity — for example, the balance of the largest holdings includes both traditional thermal power plants The electric power industry is one of the key areas of and nuclear and hydro generation. To understand the Russia's development, the country's economy and social scale of management activities it is interesting to find out position of all citizens depend on it. This industry is he general values of the installed capacity belonging to represented by 11 largest holding companies, which each holding in addition to data on production volumes produce about 85% of electricity (in 2018 - 921.8 billion and the technological structure of the generating kW*h) of the total annual production (1076.2 billion complex of the Russian Federation. -
Annual Report
2014 ANNUAL REPORT TABLE OF CONTENTS Sistema today 2 Corporate governance system 91 History timeline 4 Corporate governance principles 92 Company structure 8 General Meeting of shareholders 94 President’s speech 10 Board of Directors 96 Strategic Review 11 Commitees of the Board of Directors 99 Strategy 12 President and the Management Board 101 Sistema’s financial results 20 Internal control and audit 103 Shareholder capital and securities 24 Development of the corporate 104 governance system in 2014 Our investments 27 Remuneration 105 MTS 28 Risks 106 Detsky Mir 34 Sustainable development 113 Medsi Group 38 Responsible investor 114 Lesinvest Group (Segezha) 44 Social investment 115 Bashkirian Power Grid Company 52 Education, science, innovation 115 RTI 56 Culture 117 SG-trans 60 Environment 119 MTS Bank 64 Society 121 RZ Agro Holding 68 Appendices 124 Targin 72 Binnopharm 76 Real estate 80 Sistema Shyam TeleServices 84 Sistema Mass Media 88 1 SISTEMA TODAY Established in 1993, today Sistema including telecommunications, companies. Sistema’s competencies is a large private investor operating utilities, retail, high tech, pulp and focus on improvement of the in the real sector of the Russian paper, pharmaceuticals, healthcare, operational efficiency of acquired economy. Sistema’s investment railway transportation, agriculture, assets through restructuring and portfolio comprises stakes in finance, mass media, tourism, attracting industry partners to predominantly Russian companies etc. Sistema is the controlling enhance expertise and reduce -
An Overview of Boards of Directors at Russia's Largest Public Companies
An Overview Of Boards Of Directors At Russia’s Largest Public Companies Andrei Rakitin Milena Barsukova Arina Mazunova Translated from Russian August 2020 Key Results According to information disclosed by 109 of Russia’s largest public companies: “Classic” board compositions of 11, nine, and seven seats prevail The total number of persons on Boards of the companies under study is not as low as it might seem: 89% of all Directors were elected to only one such Board Female Directors account for 12% and are more often elected to the audit, nomination, and remuneration committees than to the strategy committee Among Directors, there are more “humanitarians” than “techies,” while the share of “techies” among chairs is greater than across the whole sample The average age for Directors is 53, 56 for Chairmen, and 58 for Independent Directors Generation X is the most visible on Boards, and Generation Y Directors will likely quickly increase their presence if the impetuous development of digital technologies continues The share of Independent Directors barely reaches 30%, and there is an obvious lack of independence on key committees such as audit Senior Independent Directors were elected at 17% of the companies, while 89% of Chairs are not independent The average total remuneration paid to the Board of Directors is RUR 69 million, with the difference between the maximum and minimum being 18 times Twenty-four percent of the companies disclosed information on individual payments made to their Directors. According to this, the average total remuneration is approximately RUR 9 million per annum for a Director, RUR 17 million for a Chair, and RUR 11 million for an Independent Director The comparison of 2020 findings with results of a similar study published in 2012 paints an interesting dynamic picture. -
QUARTERLY REPORT Public Joint Stock Company
QUARTERLY REPORT Public Joint Stock Company ROSSETI Issuer Code: 55385-E Quarter 1 of 2018 Address of the issuer: Moscow, Russia The information contained in this Quarterly Report is subject to disclosure in accordance with the securities laws of the Russian Federation Director General ____________ P. A. Livinsky Date: May 15, 2018 signature Director of the Accounting and Reporting Department and Chief Accountant ____________ D. V. Nagovitsyn Date: May 15, 2018 signature Seal Contact person: Kseniya Valerievna Khokholkova, Deputy Head of the Securities and Disclosures Division of the Department for Corporate Governance and Shareholder and Investor Relations Telephone: (495) 995-5333 #3203 Fax: (495) 664-81-33 E-mail: [email protected] The information contained in this Quarterly Report is available on the Internet at www.rosseti.ru and http://www.e-disclosure.ru/portal/company.aspx?id=13806 1 Contents Contents ................................................................................................................................................................. 2 Introduction ............................................................................................................................................................ 5 Section I. Details of the Issuer’s Bank Accounts, Auditor (Audit Organization), Appraiser, and Financial Advisor and the Individuals Who Signed This Quarterly Report .......................................................................... 6 1.1. Bank Account Details of the Issuer ............................................................................................................ -
Joining Efforts Annual Report 2018 | Joining Efforts
JOINING EFFORTS JOINING EFFORTS ANNUAL REPORT IDGC OF CENTER AND VOLGA REGION, PJSC ANNUAL REPORT 2018 | JOINING EFFORTS INFORMATION ABOUT THE REPORT The Annual Report of IDGC of Center and Volga Region for 2018 (hereinafter “the Annual Report”) represents the production and financial results and covers certain aspects of the Company’s corporate governance activities. The Annual Report also includes a brief disclosure of information about the Company’s activities associated with its sustainable growth using certain elements of the GRI Standards methodology, and identifying the UN goals, to which the Company is committed. A more detailed information disclosure on sustainable development issues in full compliance with the requirements of the GRI Standards methodology is provided as part of a specialized report published on the Company’s official website every two years (https://www.mrsk-cp.ru/stockholder_investor/ disclosure_reporting_info/sotsialnye-otchety/). The Annual Report was prepared based on the effective data available to the Company at the time of its drafting. Financial and economic indicators contained in the Annual Report comply with the IFRS, unless otherwise specified. In a number of sections of the Annual Report, figures for the previous periods and expectations, forecasts or plans of the Company regarding future periods are provided to demonstrate the dynamics of significant processes. The information disclosed in the Annual Report, with the exception of financial results under the IFRS, does not include subsidiaries and affiliates of IDGC of Center and Volga Region, as they do not have a significant impact neither on the Company’s performance indicators, nor on the results of its activities aimed at sustainable development. -
PJSC FGC UES | Appendices to the Annual Report 2016
Appene to te Annual Report 2016 Annual Report 2016 1 Appendix 1 ADDITIONAL INFORMATION ON THE SECTIONS OF THE ANNUAL REPORT Contents APPENDIX 1. Additional Information on the The following Appendices are available on the official Company’s website at http://www.fsk-ees.ru/eng/investors/company_reports/ or in the electronic version of the Annual Report of PJSC FGC UES for 2016: Sections of the Annual Report Appendix 1. Additional Information on the Sections of the Annual Report 1 About the Company Appendix 2. Audit Commission’s Report 54 International Activity Appendix 3. Report on Compliance with the Russian Corporate Governance Code and 59 Federal Grid Company (PJSC FGC UES) is the transmission across the border of the Russian Report on Compliance with Main Principles of the UK Corporate Governance organization managing the Unified National Electric Federation and is a technical contractor of the export/ Code Grid (UNEG) under the Federal Law on 26 March 2003 import commercial contracts of the Wholesale Appendix 4. Information on Major Transactions and on Transactions by PJSC FGC UES in 80 No. 35-FZ On Electric Power. Starting from Electricity and Capacity Market (WECM) participants. 2016, Classified Under the laws of the Russian Federation as Related Party 1 January 2004 PJSC FGC UES performs the electricity Transactions Subject To Approval by the Company’s Authorised Governing Bodies Appendix 5. Information on Material Transactions made by PJSC FGC UES and Entities 113 Fnlan Controlled Thereby Appendix 6. Information on the Actual Execution of Instructions of the President and the 116 Government of the Russian Federation Estonia China Appendix 7. -
Company News SECURITIES MARKET NEWS LETTER Weekly
SSEECCUURRIIITTIIIEESS MMAARRKKEETT NNEEWWSSLLEETTTTEERR weekly Presented by: VTB Bank, Custody December 5, 2019 Issue No. 2019/46 Company News Freight One converts shares in papers with higher face value On November 28, 2019 Russian railway cargo operator Freight One, part of Fletcher Group of tycoon Vladimir Lisin, converted 31.346 bln ordinary shares with a face value of RUB 1 into 208.976 mln ordinary shares with a face value of RUB 150. The shareholder equity remained unchanged at RUB 31.346 bln. The old shares were cancelled. Subsidiary says to sell RUB 15 bln new shares to Russian Railways On November 28, 2019 the board of directors of Federal Passenger Company, a long-distance passenger subsidiary of Russian Railways, approved the sale of RUB 15 bln of additional shares in favor of the parent company. The shareholder will consider the decision on December 6. Federal Passenger Company plans to use the money to buy rolling stock under a long-term contract. MGTS board appoints executive director Medvedev as general director On November 29, 2019 the board of directors of Moscow City Telephone Network (MGTS), a fixed line unit of mobile operator MTS, appointed Executive Director Vladislav Medvedev as general director. At the top position, Medvedev replaced Pavel Kuznetsov, who moved to MTS in mid-September as a vice president and combined the powers. The staff changes are explained by a functional merger of MGTS and MTS in the Moscow Region, which was triggered earlier in 2019. As a result, MTS will receive commercial aspects of the business and MGTS technical ones.