NET4GAS Annual Report 2011 2 NET4GAS Annual Report 2011 Contents 3 2011 in Photographs
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Connecting Markets Annual Report 2011 For more than 40 years our net for gas has been connecting energy markets, guaranteeing a secure and reliable gas supply, operational excellence, and innovative solutions to uphold our commitments to future generations. NET4GAS Connecting Markets Contents 2011 in Photographs 5 Foreword by the CEO 17 Company Profile 19 Ownership and Organisational Structure 25 Report on Operations 31 Key Economic Indicators 32 Main Events of the Year 34 Human Resources 41 Environmental Protection 42 Health and Safety at Work 43 Post Balance Sheet Events 43 Internal Control Principles 45 Corporate Social Responsibility 49 Persons Responsible for the Annual Report 52 Financial Statements 53 Financial Statements 54 Notes to the Financial Statements 60 Supervisory Board Report 78 Report on Relations 80 Auditor’s Report on the Financial Statements 86 Auditor’s Report on the Annual Report and Report on Relations 88 Abbreviations Used 90 NET4GAS ANNUAL REPOrt 2011 2 NET4GAS ANNUAL REPOrt 2011 COntents 3 2011 IN PHotograpHS We want to be your partner of choice. NET4GAS ANNUAL REPOrt 2011 2011 IN PHOTOgraPhs 4 NET4GAS ANNUAL REPOrt 2011 2011 IN PHOTOgraPhs 5 CELebrations marKING 40 YEARS OF natUraL GAS transit THroUGH THE CZECH REPUBLIC 1 April 2011 1. 4. 2011 5.59 a.m. Czech TV 24 30. 3. 2011 10.10 a.m. Czech News Agency A PIPELINE throUGH CZECHOSLOVAKIA TRANZITNÍ PLYNOVOD PRAHA WAS FOUNDED 40 YEARS ago Prague … The history of the company that is to- day the Czech Republic’s largest business in the field of natural gas began 40 years ago, on 1 April 1971, when the Ministry of Fuel and Energy of the Jolka KRÁSNÁ, Presenter former Czechoslovakia issued a decree founding The first of April this year marks the fortieth anniversary of the the national corporation “Transit Pipeline Prague”. first transit of natural gas through the territory of the Czech … The establishment of Transit Pipeline Prague Republic to the West, thanks to which both the Czech Republic, in 1971 was preceded a year earlier by the signing of and before that Czechoslovakia, have enjoyed the status of the backbone of Europe for natural gas transportation. an intergovernmental agreement between the for- Good morning. To start off, I wonder if you could explain to us mer Soviet Union and Czechoslovakia on the trans- how it was possible back in April 1971, with the Cold War “in full port of Russian gas through Czechoslovak territory swing”, that Russia – or rather the former Soviet Union – decided to southern, central and western Europe. The gov- to supply such a strategic raw material as gas to the West? Was money stronger than ideology? ernments of Austria and the former East and West Germany also had a part in the agreement. Jan NEHODA, Managing Director of NET4GAS, s.r.o. … Over the years, the gas transmission com- Well, in terms of economics, the Cold War wasn’t really quite so pany has changed its structure several times. In cold as all that. The Soviet Union needed foreign currency funds 1990, following the foundation of the state-owned to import Western technology. And on the other side of the wall, the countries of Western Europe, and especially Germany, Český plynárenský podnik, the original national France, Italy and Austria, had decided to modify their energy corporation became the division Tranzitní plyno- base a little, putting a slightly greater emphasis on gas in their vod, which was later renamed Transgas. primary energy sources. This was the only reason. ... ... As a result of new EU legislation requiring the unbundling of transmission and trading ac- tivities on the gas market, from 2006 onwards all the activities relating to the transport of natural gas which had previously fallen within the scope of business of RWE Transgas were transferred to a newly established company RWE Transgas Net. Since last year, this company has been operating under a new name – NET4GAS. … NET4GAS ANNUAL REPOrt 2011 2011 IN PHOTOgraPhs 6 NET4GAS ANNUAL REPOrt 2011 2011 IN PHOTOgraPhs 7 OPENING CEREMONY OF THE CZECh-POLISH STORK PIPELINE 14 September 2011 14. 9. 2011 denik.cz 14. 9. 2011 ct24.cz 14. 9. 2011 6:47 p.m. Czech News Agency First Czech-Polish gas pipeline NEčAS AND TUSK LAUNCH CZECH AND POLISH GAS SYSTEMS STORK commences operation FIRST CZECH-POLISH GAS CONNECTED BY STORK PIPELINE Karviná district – The gas systems of the Czech Republic and Poland PIPELINE are now connected by the first ever high-pressure gas pipeline between the two countries, known as the “STORK” pipeline. This Wednesday, the prime ministers of both countries, Petr Nečas and Donald Tusk, officially launched holds an exclusive gas TSO li- the operation of the border trans- cence in the Czech Republic and fer station, located at Cieszyn in operates the country’s backbone Poland. At 4.30 this afternoon they pipeline network, construction of are to open the pipeline itself at the Czech side of the STORK pipe- the site of the shut-off valve in line cost € 7 million, i.e. around Chotěbuz (Karviná district). CZK 171 million. The pipeline allows natural gas Half of those costs are being to be transported in both direc- covered by the European Energy tions. According to Milan Řepka, Programme for Recovery (EEPR). Chotěbuz (Karviná district) / Cieszyn (Po- basis for a pan-European project known as the spokesman of NET4GAS, which ... Ostrava – Following an official opening built in the east-west direction. Now, land) – The gas systems of the Czech Republic “North-South Connection”, which in the future ceremony, the flow of gas was launched though, the great benefits of having and Poland have been connected by the first will allow the Czech Republic to connect to today through the first Czech-Polish interconnectors running north-south ever high-pressure gas pipeline between the new pipelines running through south-eastern connection, known as the “STORK” are becoming clear.” two countries, known as the “STORK” pipe- Europe,” he said. According to the Czech lead- pipeline. This pipeline joins the gas In the words of Czech PM Petr line. The prime ministers of both countries, er, in the years to come the country will also systems of the two countries, thus al- Nečas: “This isn’t only about intercon- Petr Nečas and Donald Tusk, today officially have access to terminals distributing liquefied lowing natural gas supply in both di- necting the Czech and Polish gas grids, launched the operation of the border transfer natural gas to the Czech Republic from both rections. The construction of the ten- but involves laying the foundation for station, located at Cieszyn on the Polish side the Baltic and the Adriatic. kilometre pipeline on the Czech side a north-south connection which will of the border. At the site of the shut-off valve … The STORK pipeline will allow two-way cost € 7 million (about CZK 171 million), have a whole range of positive, syn- in Chotěbuz (Karviná district), representatives gas transport, although in the beginning gas half of which is to be covered by the ergic effects for the energy security of the gas companies then signed a contract will be flowing from the Czech Republic to European Energy Plan for Recovery. of countries like the Czech Republic opening the pipeline itself. southern Poland. The Polish part of the pipe- The operation of the border transfer or Poland. In the years to come, the In his speech, PM Nečas underlined the ben- line, built by Gaz-System, is 22 km long. The station, located at Cieszyn on the Polish Czech Republic may also have access efits the pipeline will bring for the Czech Re- section on the Czech side is 10 km in length side, was officially launched by prime to sources of liquefied gas on the Adri- public. “This pipeline will increase the energy and was built by NET4GAS. ministers Petr Nečas and Donald Tusk. atic coast.” The ceremonial launch of security of the Czech Republic. It forms the The high-pressure STORK pipeline the pipeline’s operation was attended shared by the countries is no giant, by both the Czech and Polish prime though – it measures 10 kilometres ministers, Petr Nečas and Donald in length on the Czech side plus an- Tusk. “Gas will start to flow immedi- other 22 km in Poland. “The pipeline ately after the opening ceremony. In isn’t very long, but it’s extremely use- the beginning, this flow will be from ful,” says STORK project manager Ivo the Czech Republic to southern Po- Komorous, explaining its importance. land, but later the pipeline will be used “Many pipelines have already been in both directions.” ... NET4GAS ANNUAL REPOrt 2011 2011 IN PHOTOgraPhs 8 NET4GAS ANNUAL REPOrt 2011 2011 IN PHOTOgraPhs 9 OPENING CEREMONY OF THE NEW DispatcHING CENTRE 20 September 2011 19. 12. 2011 N4GINFO THE heart OF THE CZECH GAS INDUSTRY Over the forty-year history of managing relocating the centre and carrying out the its transmission system, NET4GAS has overall innovation of its management and installed a number of different dispatch- control processes and mechanisms. ing control systems, as well as systems for communications and remote opera- From typewriters to plasma screens tion. These systems have been progres- If you had asked the staff preparing the sively upgraded since 1970, and have un- Dispatching Centre for the management dergone a whole series of innovations. of the Czechoslovak transmission sys- The culmination of this development tem in 1970 whether they would be able was the recent launch of the latest Dis- to remotely control transfer stations patching Centre based at our company with immediate data collection, they headquarters. would probably have thought you were For more than 40 years now, our Dis- mad.