Rostec Annual Financial Report 2012
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Russian Helicopters Experience and Innovation
RUSSIAN HELICOPTERS EXPERIENCE AND INNOVATION © 2013 Russian Helicopters, JSC All rights reserved RUSSIAN HELICOPTERS AT A GLANCE Russian Helicopters, JSC is the sole manufacturer of “Mil” and “Kamov” civil and military helicopters. The company’s structure incorporates design bureaus, final assembly plants, components and parts manufacturers and service providers. Russian Helicopters consolidated the entire helicopter-building industry of Russia. We offer complete helicopter lifecycle from development to disposal. Russian Helicopters was founded in 2007 as a subsidiary of Oboronprom Corporation © 2013 Russian Helicopters, JSC All rights reserved FULLY INTEGRATED STRUCTURE Oboronprom TOTAL STAFF – 41,000 EMPLOYEES Russian Helicopters (98.5%) Mil Moscow Kazan Helicopters SMPP Helicopter Service Helicopter Plant (80.22%) (59.99%) Company (72.38%) (100.0%) Kamov Rostvertol Reduktor-PM (99.79%) (92.01%) (80.84%) Moscow and region NARP (9,000 employees) Kazan (95.1%) (6,500 employees) Ulan-Ude Aviation Plant (84.82%) Perm Progress Arsenyev (1,800 employees) Aviation Company Rostov-on-Don (93.14%) (7,900 employees) Kumertau Kumertau (4,000 employees) Novosibirsk Aviation PE (500 employees) (100.0%) Arsenyev (6,000 employees) Ulan-Ude (6,000 employees) © 2013 Russian Helicopters, JSC All rights reserved RUSSIAN HELICOPTERS AROUND THE WORLD Civil Total 37,530 Military Total 22,800 9% 91% 78% Civil Military Russian-made helicopters Key regions: account for nearly 14% of the Russia, CIS, India, China, Latin global fleet and are operated America, -
Russian Helicopters Today 16
DREAMS OF FLYING 1 Соntents: RUSSIAN HELICOPTERS AT A GLANCE 2 KEY 2015 HIGHLIGHTS 3 CHAIRman’s STATEMENT 10 DIRECTOR GENERal’s STATEMENT 12 RUSSIAN HELICOPTERS TODAY 16 MARKET OVERVIEW 26 Civil Helicopter 28 Military Helicopters 29 Company’s Market Positions 30 2015 – year of efficiency growth and strengthening the results obtained 34 Deliverie 34 Service and After-sales Support 36 Order Book 37 CAPEX 38 Organizational Development 39 2015 Financial Performance 39 strategy 44 Key objectives for 2016 45 social responsibility 46 corporate governance 47 Board of Directors 47 Management 57 Internal audit 62 Capital Markets and Investor Relations 63 risK ManageMent 64 ifrs financial stateMents for the year ended 31 deceMber 2015 70 2 DREAMS OF FLYING / ANNUAL REPORT 2015 KEY HIGHLIGHTS 3 RUSSIAN 20.15 HELICOPTERS EBITDA FIRM ORDER PROFIT AT A GLANCE 212 INCREASED BY BOOK TOTALED HELICOPTERS 39.5% TOTALED RUB 494 JSC “RUSSIAN HELICOPTERS” IS A LEADING PLAYER IN THE GLOBAL WERE SUPPLIED TO RUB 65.6 42.1 HELICOPTERS BILLION HELICOPTER INDUSTRY, THE SOLE RUSSIAN DESIGNER IN 2015 BILLION AS AT AND MANUFACTURER OF HELICOPTERS. 31.12. 2015 Headquartered in Moscow, “Russian Latin America, Russia, and the CIS Helicopters” Holding Company include countries. five helicopter plants, two design Although «Russian Helicopters» NON-CONTROLLING INTEREST IN THE SUBSIDIARIES IS bureaus, component production and was established only in 2007, some maintenance enterprise, a helicopter of the Company’s key entities have REVENUE service company, which ensures after- existed for more than 60 years. The EBITDA1 MARGIN GREW BY sales services in Russia and abroad new shape of the Holding Company AMOUNTED TO 29.5% and five aircraft repair enterprises. -
By the Supervisory Board of Rostec Corporation (Minutes from ______2015, No
APPROVED 2014 Annual Report by the Supervisory Board of Rostec Corporation (Minutes from _________2015, No. __ ) of Rostec Corporation Rostec: A company of highly qualified, world-class professionals. In supporting the advancement of Russian industry, Rostec brings together the best Rostec Corporation traditions of Russian engineering, the latest technological innovations, and its significant expertise in the strategic development of mechanical engineering. Rostec Corporation is successfully restoring the relationship between science and industry by developing advanced technologies, introducing advanced know-how, and promoting effective cooperation between Russian industrial enterprises. Rostec’s experienced and highly qualified specialists enable the creation of unique products, opening new export opportunities for Russia. ANNUAL REPORT Rostec Corporation’s global objective is securing for Russia a leading position in high technology and mechanical engineering. for 2014 2014 Annual Report CEO CHIEF ACCOUNTANT OF ROSTEC CORPORATION OF ROSTEC CORPORATION of Rostec Corporation S.V. CHEMEZOV N.V. BORISOVA 2015 2015 4 ROSTEC CORPORATION Annual Report // 2014 5 Table of Contents Introductory notes from D. V. Manturov, Chairman of the Supervisory 5. Rostec production 6 Board, and S. V. Chemezov, CEO 108 5.1. Rostec contributions to Russian industry 5.2. New products and technologies 5.3. Import substitution 5.4. Military-technical cooperation, state orders, and federal target programs 5.5. Product optimization and restructuring 1. General information about Rostec corporation 5.6. Conversion of federal state unitary enterprises into joint-stock companies 10 1.1. History of Rostec 5.7. Management and production informatization 1.2. Supervisory board 5.8. Creating a single corporate treasury for Rostec organizations 1.3. -
High Technologies of Defense, Security and Cooperation
Special analytical export project of the United Industrial Publishing № 01 (50), February 2020 FSMTC OF RUSSIA ROSOBORONEXPORT HIGH-PRECISION RUSSIA + INDIA Second position Exclusive state Special role in the Defence cooperation in the world top list intermediary agency global arms market by the eyes of media .22 .26 .32 .44 High Technologies of Defense, Security SPECIAL PARTNERSHIP and Cooperation CONTENTS ‘International Aviation & Military Guide‘ NEWS SHORTLY №1 (50), February 2020 2 Cooperation with Italy EDITORIAL Special analytical export project and Australia of the United Industrial Publishing 2 Supplying Ten VRT500 Helicopters to ‘International Aviation & Military Guide‘ is the special edition of the magazine Scandinavia ‘Russian Aviation & Military Guide’ 4 Successful launch of ‘Progress-13‘ Registered in the Federal Service for Spacecraft Supervision of Communications, Information 4 Powering VRT500 by JSC ‘High Precision Weapons‘ the leading Russian Technology and Mass Media (Roscomnadzor) 09.12.2015 PI № FS77-63977 PW207V engines designer and manufacturer of wide variety state- 6 Creating Centers of-the-art military and special equipment, including for Pantsirs 6 UAE investor but not limited to land systems, small arms, air close for VR-Technoloiges 8 Wind tunnel tests and short range defense systems, is now opening new completed under CR929 program business opportunities for partners. 8 SSJ100 meets the European standards Moscow-based and ranked among top 50 global The magazine ‘Russian Aviation & Military Guide‘, made by -
The State of the Russian Aviation Industry and Export Opportunities
Conflict Studies Research Centre Russian Series 06/04 The State of the Russian Aviation Industry and Export Opportunities Eugene Kogan Key Points * Exactly what has the management of the aviation industry done to maintain the workforce and to keep the enterprises running? For major aviation companies such as Irkut Corporation, RAC MIG, Holding Sukhoi and its associated enterprises, Mil Helicopter Plant with its associated enterprises, export of military craft and helicopters was and still is the prime strategy of survival. The domestic market was and still is in very bad financial shape and government promises to provide funds (via the Ministry of Defence and/or the Air Force Command) have not as yet materialised. As a result, any figures on research and development spending in the aviation sector need to be looked at very carefully. Very often, they reflect the wishes of the government and the defence industry officials, but they do not correspond to the bleak realities. There is also an inherent disparity between official statements that state defence orders have been increasing over the last two to three years, and the reality on the ground. Orders backed up by real finance and not merely promised funding for a limited number of new aircraft and a slightly larger number of new helicopters may appear on the horizon by the end of 2007 to early 2008 and/or later. As for fifth - generation aircraft, the story is a little different. There is a clear understanding by Sukhoi and others that the government still doesn’t have the money to support the project. -
Moscow Defense Brief 1/2006
CONTENTS War And People #1(5), 2006 Political Dimensions of the Crisis in Iran 2 PUBLISHER Centre for Industrial Policy Analysis of Strategies and Evolution of Russia’s Defense Industry in 2005 4 Technolog ies Consolidation and Restructuring of the Russian Shipbuilding CAST Director & Publisher Sector during 2005 8 Ruslan Pukhov Chief Editor Arms Trade Evgeny Belyakov Russia on Iran’s Market for Arms 12 Advisory Editor Konstantin Makienko Russia’s Arms Trade Cooperation with Foreign States in 2005 16 Researcher Ruslan Aliev Facts & Figures Researcher Alexey Pokolyavin Russian Defense Colleges 21 Researcher Major Identified Contracts for Delivery of Russian Arms Dmitry Vasiliev Signed in 2005 26 Editorial Office Major Identified Transfers of Russian Arms Signed in 2005 28 Leninsky prospect str., 45, suite 480 Moscow, Russia 119334 Dynamics of Russian State Defense Procurement (Russian and phone: +7 495 135 1378 Foreign estimates ) 30 fax: +7 495 775 0418 http://www.mdb.cast.ru/ To subscribe contact Our Authors 32 phone: +7 495 135 1378 or e-mail: [email protected] Moscow Defense Brief is published by the Centre for Analysis of Strategies and Technologies All rights reserved. No part of this publication may be reproduced in any form or by any means, electronic, mechanical or photocopying, recording or other wise, without reference to Moscow Defense Brief. Please note that, while the Publisher has taken all reasonable care in the compilation of this publication, the Publisher cannot accept responsibility for any errors or omissions in this publication -
SUKHOI SUPERJET 100 [P.8] Finds More Customers
advertisement november 2013 • Special edition for Dubai Airshow 2013 Ka-62 kicks off its trials [p.24] MiG-29K back on deck [p.38] Russian new spacecraft and LVs [p.44] IFC entering global market [p.14] SUKHOI SUPERJET 100 [p.8] finds more customers Russia’s aerospace industry novelties from MAKS 2013 [p.16, 28, 34] advertisement november 2013 • Special edition for Dubai Airshow 2013 Ka-62 kicks off its trials [p.24] MiG-29K back on deck [p.38] Russian new spacecraft and LVs [p.44] IFC entering global market [p.14] SUKHOI SUPERJET 100 [p.8] finds more customers Russia’s aerospace industry novelties from MAKS 2013 [p.16, 28, 34] HIGH TECHNOLOGIES. GETTING REAL advertisement Advertisment OBORONPROM Corporation, a Russian Technologies State Corporation company, is a diversifi ed industrial-investment group in the engineering and high technologies sectors The Corporation integrates more than 30 leading Russian helicopter and engine manufacturing companies in 12 Russian regions Russian Helicopters Company, a subsidiary of OBORONPROM Corporation, is the leading Russian designer and manufacturer of rotary-wing aircraft equipment United Engine Corporation, a subsidiary of OBORONPROM Corporation, is the leading Russian industrial group producing engines for aircraft, aerospace industry, gas compression stations and power plants UNITED INDUSTRIAL CORPORATION OBORONPROM I 29/141 Verejskaya st. Moscow 121357 Russia I [email protected] I www.oboronprom.ru November 2013 Editor-in-Chief Andrey Fomin Deputy Editor-in-Chief Vladimir Shcherbakov Editors -
In This Publication
september 2016 IN THIS PUBLICATION «Helicopter Industry» magazine is a publication Helicopter Industry Association of Russia (HIA) Editorial/advertising Editor Vladimir Orlov [email protected] English editor Alan Norris Maker-up Irina Danenova Helicopter cluster in Bataysk The parade of new technologies Page 2 Page 12 Advertising manager Marina Bulat "Russian Helicopters" Holding Company started works on The Russian Helicopters Holding has signed a framework [email protected] the construction of the largest in Russia facility with a agreement document with Chinese companies AVIC Interna- flight-test center on a site which covers almost 800 ha. tional Holding Corporation and CITIC Offshore Helicopter Translator Works on the construction of a new helicopter production Corporation, to organise a Technical Servicing and Repair Moscow Translation Agency MTA, cluster have been started at the former Bataysk military Centre (TSRC) for Russian-produced helicopters in China. Inna Frolova, Translation Agency aerodrome in the Rostov Oblast on a total area of almost Under the terms of the Agreement, Russian Helicopters Translink 800 hectares. The core element of new cluster will be plans to outfit a TSRC in the PR Chinese city of Shenzen, Photographer production facilities of Rosvertol which is part of "Russian which will service and repair Russian-produced helicopters. Dmitri Kazachkov Helicopters" Holding Company. Photos by Dmitri Kazachkov, Dmitri Lifanov, Alan Norris, Sergei Alexandrov, Michael Bibichkov, by companies Eurocopter, UTair Aviation, Russian Helicopters, Vertical-T, Ulan-Ude Aviation Plant, Aviamarket Publisher Russian Helicopter Systems Moscow Region, Krasnogorsk, 65- 66 km Moscow Ring Road, IEC “Crocus Expo”. Pavilion № 3, office 332, 143402 Tel. -
Russian Helicopters Group
Open Joint Stock Company Russian Helicopters Unaudited interim condensed consolidated financial statements For the six months ended 30 June 2012 Open Joint Stock Company Russian Helicopters Unaudited interim condensed consolidated financial statements For the six months ended 30 June 2012 Contents Statement of management’s responsibilities for the preparation and approval of the interim condensed consolidated financial statements for the six months ended 30 June 2012 .................... 1 Report on review of interim condensed consolidated financial statements ...................................... 2 Interim condensed consolidated financial statements for the six months ended 30 June 2012: Interim consolidated statement of comprehensive income ............................................................... 3 Interim consolidated statement of financial position ......................................................................... 4 Interim consolidated statement of changes in equity ....................................................................... 5 Interim consolidated statement of cash flows .................................................................................. 7 Notes to the interim condensed consolidated financial statements .................................................. 8 Ernst & Young LLC ООО «Эрнст энд Янг» Sadovnicheskaya Nab., 77, bld. 1 Россия, 115035, Москва Moscow, 115035, Russia Садовническая наб., 77, стр. 1 Tel: +7 (495) 705 9700 Тел: +7 (495) 705 9700 +7 (495) 755 9700 +7 (495) 755 9700 Fax: +7 -
Advantages of the Russian Helicopters Specifically for These Helicopter Types
IN THIS PUBLICATION CONTENTS February 12 16 32 36 2 MAJOR EVENT 26 COMPANY RUSSIAN HELICOPTER EXHIBITION UTAIR COLORS 8 LOCAL MARKET 32 FRONT LINE RELATIVELY INEXPENSIVE MEANS RESULTS OF THE YEAR AND EXCITING OF SELF-ACTUALIZATION FUTURE 12 PRESENTATION 36 PRESENTATION MI-34S1. ROTARY-WING PHOENIX КА-32А11BC 16 RUSSIAN MACHINES 42 HARD TALK SINEVITABLE ADVENT ANDREY KOZLOVSKY 20 HELI-COMMUNITY 44 HARD TALK THE ASSOCIATION LONG WAITED FOR LUDMILA BARANEY 24 IMPRESSIVE PHOTO 46 EXCHANGE OF EXPERIENCE КА-32 CHRONICLES OF RUSSIAN HELICOPTER INDUSTRY 26 UTair colors 1 MAJOR EVENT RUSSIAN HELICOPTER EXHIBITION HELIRUSSIA 2010 third time in Russia 3rd International Helicopter Industry Exhibition HELIRUSSIA 2010 May 20 – 22, 2010, Moscow, International Exhibition Cen- ter “Crocus Expo” Pavilion No. 1, Hall No. 4 According to the decree of the Gov- ernment of the Russian Federation No. 1275-r of September 2, 2009, the 3rd In- ternational Helicopter Industry Exhibition HELIRUSSIA 2010 took place on May 20 - 22, 2010 on the Crocus Expo IEC grounds. The Exhibition was organized by the Min- istry of Industry and Trade of the Russian Federation on the initiative of the Heli- copter Industry Association. The planner was Russian Helicopter Systems JSC. The exhibition organizing committee was headed by Denis Manturov, Deputy Min- ister of Industry and Trade. The title spon- sor of HELIRUSSIA 2010 was OPK OBORONPROM JSC, the official sponsor was Eurocopter Vostok. 156 companies from 14 countries (Russia, Ukraine, Lithuania, the USA, Great Britain, France, Sweden, Italy, Germany, Poland, Libya, Slovakia, Belgium, and Is- rael) took part in the Exhibition this year. -
Вертолеты России Russian Helicopters № 2 (37) / 2019 Russian Helicopters’ Magazine Премьеры И Новинки МАКС-2019 Premieres of MAKS-2019 Air Show
журнал холдинга «вертолеты россии» www.russianhelicopters.aero вертолеты россии RUSSIAN HELICOPTERS № 2 (37) / 2019 RUSSIAN HELICOPTERS’ MAGAZINE Премьеры и новинки мАкС-2019 PREMIERES OF MAKS-2019 AIR SHOW Технологии будущего TECHNOLOGIES OF THE FUTURE № 2 37 / 2019 10 18 38 ПО МАТЕРИАЛАМ СМИ I PRESS CLIPPING МЕЖДУНАРОДНЫЕ РЫНКИ I INTERNATIONAL MARKETS Генеральный директор холдинга «Вертолеты России» Авиасалон Paris Air Show 2019: Андрей Богинский в федеральных СМИ ...............2 Cолнце, небо и Ансат ................................. 14 Director General of Russian Helicopters Holding Company Paris Air Show 2019: Sun, Sky and Ansat Andrey Boginskiy in Russian state media Конкурс Sky.Tech — для развития НОВОСТИ ХОЛДИНГА I HOLDING NEWS городской аэромобильности ......................... 18 Новые «Ночные охотники» пойдут в войска The Sky.Tech competition – for urban air mobility с 2020 года .............................................4 New “Night Hunters” to enter service in 2020 СТРАТЕГИЯ I STRATEGY Новикомбанк профинансирует проекты Быстрота и зоркость. Какое будущее по созданию вертолетов ...............................5 ждет боевые машины Миля и Камова ................ 20 Novikombank will nance helicopter development projects What the future has in store for Mil and Kamov combat aircraft Вертолет Ми-171А2 будет сертифицирован в Перу .....6 Технологии будущего. Композиты, бионический Mi-171A2 helicopter to be certied in Peru дизайн и «электрические вертолеты» . 26 Поставки Ми-8АМТ для российских регионов ..........7 Composite materials, -
The Following Pages Contain the Detailed Scoring for This Company Based on Publicly Available Information. the Table Below Shows
The following pages contain the detailed scoring for this company based on publicly available information. The table below shows a summary of the company’s scores per section: Score Based on Section Number of Questions* Publicly Available Information 1. Leadership and Organisational Culture 4 4/8 2. Internal Controls 6 4/12 3. Support to Employees 7 1/14 4. Conflict of Interest 4 3/8 5. Customer Engagement 7 1/14 6. Supply Chain Management 5 2/10 7. Agents, Intermediaries and Joint Ventures 10 0/20 8. Offsets 4 0/8 9. High Risk Markets 4 3/8 10. State-Owned Enterprises 5 2/10 TOTAL 20/112 BAND E *This column represents the number of questions on which the company was eligible to receive a score; i.e. where the company did not receive a score of N/A. 1 1. Leadership and Organisational Culture Question 1.1. Does the company have a publicly stated anti-bribery and corruption commitment, which is authorised by its leadership? Score 1 Comments There is evidence that the company has an anti-corruption policy, which was signed off by the company’s General Director at the time. However, the company scores ‘1’, because while there is evidence that the company’s anti- corruption policy is approved by its leadership, there is no evidence that the company publishes a clear statement or message made by an appropriate senior figure either promoting its anti-corruption policy or against corruption in general. Evidence [1] Антикоррупционная Политика / Anti-Corruption Policy (updated 2016) (Document) Accessed 19/06/2019 http://www.russianhelicopters.aero/upload/doc/new/antikorrupcia.pdf [p.1] [p.3] 2 [p.4] [p.6] 3 [p.7] [p.8] Translation: [p.1] APPROVED by the decision of the Board of Directors of JSC “Russian Helicopters” ANTI-CORRUPTION POLICY of the Holding “Russian Helicopters” [p.3]1.1.