Bashneft. Annual Report 2014
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Board of Directors of JSOC Bashneft
ART OF CREATING 2013 ANNUAL REPORT VALUE CONTENTS About the company 10 Operating results 38 Information for 80 shareholders and investors Corporate 100 governance Appendices 144 Annual report JSOC Bashneft 2013 2 3 Annual report JSOC Bashneft 2013 Contents Address by the Chairman of the Board of Directors and the President 4 Corporate governance Some definitions and information on forward-looking statements 7 Our success in 2013 8 Improving the corporate governance system 101 Competitive advantages that ensure we achieve our potential 9 Corporate Governance quality audit 103 Corporate Control Element Structure 104 About the company General Meeting of Shareholders of JSOC Bashneft 106 Board of Directors of JSOC Bashneft 108 Our history 11 Committees of the Board of Directors of JSOC Bashneft 122 2013 highlights 12 Corporate Secretary of JSOC Bashneft 128 Business model and geography 14 President and Management Board of JSOC Bashneft 129 Industry position and macroeconomic factors 18 Resolving possible conflicts of interest among members of JSOC Bashneft management bodies 139 Strategy and KPIs 23 Internal control and audit 141 Our risks 30 External audit 142 Health, Safety and Environment 34 Plans to develop the corporate governance system 143 Personnel and social programmes 36 Appendices Operating results Consolidated IFRS financial accounts of Bashneft Group for 2013 145 Licensing, geological exploration and reserves 39 Energy efficiency 215 Launch of production at Trebs and Titov 46 Key risk factors 216 Other areas in Nenets Autonomous -
Pre-Approved By
ANNUAL REPORT of Open Joint-Stock Company Sistema Joint-Stock Financial Corporation for 2012 This report has been compiled pursuant to the requirements of the Federal Law "On the stock market". Financial information set out in this annual report is based on the accounting data compiled pursuant to the Russian laws, and contains elements of consolidated financial reports compiled under international standards. Moscow 2013 1 CONTENTS 1. Sistema’s position in the sector. 5 1.1. Profile of Sistema JSFC. 5 1.2. Shareholders’ equity structure of Sistema JSFC. 5 2. Priority business areas and development strategy. 8 2.1. Mission and strategy of Sistema JSFC. 8 2.2. Portfolio of Sistema JSFC. 9 3. Board of Directors’ Report on the results of the Company's development in the priority areas. 11 3.1. Key Events in 2012. 3.2. Russian Accounting Standards (RAS) financial results of Sistema JSFC for 11 2012. 16 3.3. US GAAP consolidated financial results of Sistema JSFC for 2012. 3.4. Credit ratings of Sistema JSFC. 28 3.5. Report on payment of announced (accrued) dividends on the shares of Sistema JSFC. 28 4. Outlook and development strategy of the Sistema Group companies. 29 4.1. MTS. 29 4.2. Bashneft. 31 4.3. BPGC. 34 4.4. SMM. 36 4.5. MTS Bank. 39 4.6. Detsky Mir. 41 4.7. Intourist. 43 4.8. Medsi. 44 4.9. RTI. 47 4.10. Binnopharm. 51 4.11. NIS. 52 4.12. RZ Agro Holding. 53 4.13. SG-trans. 55 4.14. RussNeft. -
Bashneft-UNPZ) • 7.41 (Bashneft-UNPZ) (About 70% on Average in RF) (About 4.22 on Average in RF)
НЕФТЕХИМИЧЕСКИЙ ТЕРРИТОРИАЛЬНЫЙ КЛАСТЕР РЕСПУБЛИКИ БАШКОРТОСТАН КЛАСТЕРНОЕ РАЗВИТИЕ ПРЕДПРИЯТИЙ РЕСПУБЛИКИ БАШКОРТОСТАН CLUSTERВ СФЕРЕ DEVELOPMENT ИНЖИНИРИНГА OF BASHKORTOSTAN ТЭК REPUBLIC ENTERPRISES IN THE ENGINEERING FIELD OF FUEL AND ENERGY COMPLEX UFA-2016 УФА-2015 THE PRODUCTION POTENTIAL OF THE BASHKORTOSTAN REPUBLIC 1st place in Russia for primary crude oil processing, for the production of motor gasoline, diesel fuel Leadership in oil processing: Leadership in Nelson Index: • 92% (Bashneft-Ufaneftekhim) • 9.46 (Bashneft-Novoil) • 90% (Bashneft-Novoil) • 8.97 (Bashneft-Ufaneftekhim) • 74% (Bashneft-UNPZ) • 7.41 (Bashneft-UNPZ) (about 70% on average in RF) (about 4.22 on average in RF) Rating : Processing of raw ВВВ – “standard” forecast materials of varying More than 120 items (Standard & Poor's) of products of chemical quality from gas Ва2 - “standard” forecast condensate to heavy high production delivered for (Moody’s) export sulfur crude 1st place in Russia 3d place in Russia for the production output of baking for the production output soda and soda ash 2nd place in Russia of caustic soda for the production output of synthetic rubber THE EDUCATIONAL POTENTIAL OF THE BASHKORTOSTAN REPUBLIC Republic of Bashkortostan is a leader in the number of universities, conducting training in the field of industrial design Saint-Petersburg (2890 students) Moscow (4125 students) Number of universities (ea.) 15 and more Number of students (2890 pers.) 5-10 3-5 from 500 to 1500 2-3 from 300 to 500 1 from 100 to 300 none less than 100 Source: CSR "North-West" on the materials of the federal portal "Russian Education" and sites of universities PETROCHEMICAL TERRITORIAL CLUSTER OF BASHKORTOSTAN REPUBLIC Cluster objectives: • Creation and development of innovative infrastructure platforms, bringing together the maximum number of competencies in the field of petrochemistry and oil and gas processing. -
Bashneft. Sustainability Report 2014
HIGH ACHIEVEMENTS HIGH RESPONSIBILITY SUSTAINABILITY REPORT 2014 4 SUSTAINABILITY REPORT 2014 KEY RESULTS OF THE YEAR million 38 hours 22% over 800 roubles AVERAGE NUMBER REDUCTION IN THE LOST EXPENDITURE ON OF TRAINING HOURS PER TIME INJURY FREQUENCY OCCUPATIONAL SAFETY EMPLOYEE RATE (LTIFR) HIGHLIGHTS OF THE YEAR Р. 69 Р. 72 Р. 81 Р. 86 Р. 111 Implementation of a set Implementation Reduction of harmful Start of construction Outcome of implementa- of measures to prevent of a Programme to Attract atmospheric emissions of an integrated complex tion of social programmes cardiovascular diseases Young Professionals due to refinery upgrades of biological treatment under agreements with facilities at the Group’s our operating regions refineries HEADCOUNT, AVERAGE SALARY, TOTAL AMOUNT OF TAX THOUSAND EMPLOYEES THOUSAND ROUBLES PAYMENTS, BILLION ROUBLES 35.0 80 320 33.3 67 Average salary 297 level in the 56 Republic of 290 Bashkortostan 30.0 40 Average salary 27.9 25 256 level across 22 260 Bashneft Group 25.0 0 230 2013 2014 2013 2014 2013 2014 In 2014 the number of Bashneft’s We maintain a high salary level, We paid 297 billion roubles in tax to employees increased by 20% as petro- which is higher than the average level budgets of all levels. chemical assets were included in the across the Republic of Bashkortostan, scope of the Group again. in order to attract and retain the best professionals. HIGH ACHIEVEMENTS HIGH RESPONSIBILITY 5 OUR STRATEGIC PRIORITY IN THE SPHERE OF HEALTH, SAFETY AND ENVIRONMENT IS TO BECOME A LEADER AMONG RUSSIAN OIL 85.6 % +20 % COMPANIES IN THE SPHERE OF SHARE OF EURO 5 INCREASE IN OIL HSE AND TO MEET INTERNATIONAL GASOLINE IN THE TOTAL SLUDGE PROCESSING STANDARDS.