QUARTERLY REPORT Public Joint-Stock Company
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QUARTERLY REPORT Public Joint-Stock Company Federal Hydrogeneration Company RusHydro Code of the Issuer: 55038-E for Q4 2015 Address of the Issuer: 43 Dubrovinskogo St., bldg. 1, Krasnoyarsk, Krasnoyarsk Krai, 660017. The information contained herein is subject to disclosure pursuant to the securities legislation of the Russian Federation Chairman of the Management Board ― General Director ___________________ N.G. Shulginov Date: 15.04.2016 signature _________________ D.V. Finkel Chief Accountant signature Date: 15.04.2016 Contact person: Roman Yurievich Sorokin, Head of Methodology of Corporate Governance and Property Management Department Tel.: +7 800 333 8000 Fax: +7(495) 225-3737 E-mail: [email protected] The address of the Internet site (sites) where the information contained herein is to be disclosed: www.rushydro.ru, http://www.e-disclosure.ru/portal/company.aspx?id=8580 1 Table of Contents Table of Contents .................................................................................................................................................... 2 I. Information on Bank Accounts, Auditor (Audit Organization), Appraiser, and Financial Advisor of the Issuer, as well as on Persons who Have Signed the Quarterly Report ................................................................................ 6 1.1. Information on the Issuer's Bank Accounts .................................................................................................. 6 1.2. Information on the Issuer's Auditor (Audit Organization) ........................................................................... 6 1.3. Information on the Issuer's Appraiser(s) .................................................................................................... 10 1.4. Information on the Issuer's Consultants ..................................................................................................... 10 1.5. Information on Persons who have Signed the Quarterly Report ................................................................ 10 II. Key Information on Financial and Economic Performance of the Issuer ......................................................... 12 2.1. The Issuer's Financial and Economic Performance Indicators ................................................................... 12 2.2. The Issuer's Market Capitalization ............................................................................................................. 12 2.3. The Issuer's Liabilities................................................................................................................................ 12 2.3.1. Borrowed Funds and Accounts Payable .................................................................................................. 12 2.3.2. Credit History of the Issuer ..................................................................................................................... 12 2.3.3. Liabilities of the Issuer under Security it provides .................................................................................. 20 2.3.4. Other Liabilities of the Issuer .................................................................................................................. 20 2.4. Risks Inherent to Acquisition of Equity Securities Being Placed (Placed) ................................................ 20 2.4.1. Industry Risks ......................................................................................................................................... 22 2.4.2. Country and Regional Risks .................................................................................................................... 26 2.4.3. Financial Risks ........................................................................................................................................ 29 2.4.4. Legal Risks .............................................................................................................................................. 30 2.4.5. Reputation Risk ....................................................................................................................................... 31 2.4.6. Strategic Risk .......................................................................................................................................... 31 2.4.7. Risks Related to the Issuer's Activities ................................................................................................... 31 III. Detailed Information on the Issuer .................................................................................................................. 34 3.1. History of the Issuer's Foundation and Development................................................................................. 34 3.1.1. Information on the Issuer's Corporate Name (Name) .............................................................................. 34 3.1.2. Information on State Registration of the Issuer ....................................................................................... 36 3.1.3. Information on Foundation and Development of the Issuer .................................................................... 36 3.1.4. Contact Information ................................................................................................................................ 37 3.1.5. Taxpayer Identification Number ............................................................................................................. 37 3.1.6. Branches and Representative Offices of the Issuer ................................................................................. 37 3.2. Core Business Activity of the Issuer .......................................................................................................... 37 3.2.1. The Issuer's Major Economic Sectors ..................................................................................................... 37 3.2.2. Core Business Activity of the Issuer ....................................................................................................... 38 3.2.3. Materials, Goods (Raw Materials) and Suppliers of the Issuer ............................................................... 38 3.2.4. Sales Markets for Products (Works, Services) of the Issuer ................................................................... 38 3.2.5. Information on the Issuer's Authorizations (Licenses) or Permits for Separate Types of Works ............ 40 3.2.6. Information on Activities of Separate Types of Issuers .......................................................................... 41 3.2.7. Additional Information on Issuers, the Primary Line of Business of which is Mining Operation .......... 41 3.2.8. Additional Information on Issuers, the Primary Line of Business of which is Rendering Services ........ 44 3.3. Plans for the Issuer's Future Activities ....................................................................................................... 44 3.4. The Issuer's Participation in Banking Groups, Banking Holdings, Holdings, and Associations ................ 44 3.5. Companies Controlled by the Issuer and Having Substantial Significance for it ....................................... 45 3.6. Composition, Structure and Value of the Issuer's Fixed Assets, Information on Plans for Acquisition, Replacement, and Retirement of Fixed Assets, as well as on All Encumbrances on the Issuer's Fixed Assets 53 IV. Information on Financial and Economic Activities of the Issuer .................................................................... 54 4.1. Financial and Economic Performance of the Issuer ................................................................................... 54 4.2. Liquidity of the Issuer, Capital and Fixed Asset Adequacy ....................................................................... 54 4.3. Financial Investments of the Issuer ............................................................................................................ 54 4.4. Intangible Assets of the Issuer ................................................................................................................... 54 2 4.5. Information on the Issuer's Policy and Expenses in the Area of Scientific and Technical Development, in relation to Licenses and Patents, New Developments, and Research................................................................ 54 4.6. Analysis of Development Trends in the Area of the Issuer's Core Business .............................................. 54 4.7. Analysis of Factors and Conditions Influencing the Issuer's Activities ..................................................... 57 4.8. Competitors of the Issuer ........................................................................................................................... 61 V. Detailed Information on Members of the Issuer's Management Entities, the Issuer's Bodies, Monitoring Financial and Economic Activities, and Backgrounds of the Issuer's Employees (Workers) ............................... 66 5.1. Information on Structure and Terms of Reference of the Issuer's Management Entities ........................... 66 5.2. Information on Members of the Issuer's Management Entities .................................................................. 66 5.2.1. Composition of the Board of Directors (Supervisory Board) of the Issuer ............................................. 66 5.2.2. Information on the Issuer's Sole Executive Body...................................................................................