2020 Annual Report
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Naftna Industrija Srbije A.D
Naftna industrija Srbije A.D. Consolidated Financial Statements and Independent Auditor’s Report 31 December 2016 This version of the financial statements is a translation from the original, which was prepared in Serbian language. All possible care has been taken to ensure that the translation is an accurate representation of the original. However, in all matters of interpretation of information, views or opinions, the original Serbian language version of the document takes precedence over this translation Contents INDEPENDENT AUDITOR’S REPORT CONSOLIDATED FINANCIAL STATEMENTS Consolidated Statement of Financial Position 1 Consolidated Statement of Profit and Loss and Other Comprehensive Income 2 Consolidated Statement of Changes in Shareholders’ Equity 3 Consolidated Statement of Cash Flows 4 Notes to the Consolidated Financial Statements 1. Generalinformation 5 2. Summary of Significant Accounting Policies 5 3 Critical Accounting Estimates, Assumptions and Judgments 15 4. Application of New IFRS 18 5. New Accounting Standards 19 6. Financial Risk Management 20 7. Segment Information 24 8. Cash and Cash Equivalents 27 9. Trade and Other Receivables 28 10. Inventories 29 11. Other Current Assets 30 12. Property, Plant and Equipment 31 13. Investment Property 33 14. Goodwill and Other Intangible Assets 35 15. Investments in Joint Venture 36 16. Trade and Other Non-Current Receivables 37 17. Deferred Income Tax 37 18. Other Non-current Assets 38 19. Short-term Debt and Current Portion of Long-term Debt 38 20. Trade and Other Payables 39 21. Other Current Liabilities 39 22. Other Taxes Payable 39 23. Long-term Debt 39 24. Provisions for Liabilities and Charges 41 25. -
INVEST in RUSSIA the Right Place to Invest the Business Possibiliɵ Es in Russia Are Enormous
SPECIAL ISSUE SEPTEMBER 2013 INVEST IN RUSSIA The Right Place to Invest The business possibiliƟ es in Russia are enormous. There are almost no limits in view Content EXPERT. SPECIALEXPERT. ISSUE LEGION-MEDIA IN THE MOST-FAVORED REGIME 4consequently, the consumer segment, IT sector, and At the forthcoming economic forum in Sochi, the the mining and metals complexes have benefited Krasnodar Territory will present 1,800 different most from this situation. “Gazelles”, which were investment projects to investors able to ride the wave of this opportune economic phase, can be distinguished by a gradual increase IMPLEMENTING THE BRAZILIAN SYSTEM 10 in their workload Fifteen of the forty-three investment projects an- nounced or launched from February to April, 2013 TEN THOUSAND ROUNDS OF AMMUNITION 42 in Russia are part of the machine-building complex. When companies know how to manage their costs, Import substitution and elements of an active state business grows very fast. However, in order to run a industrial policy have contributed to increasing in- business, you need to constantly structure, modern- vestment activity in this sector ize, plan, motivate and take many different factors into account A TERRITORY WITH UNIQUE OPPORTUNITIES 18 DYNAMICALLY GROWING COMPANIES The Khanty-Mansi Autonomous District has virtually IN THE MIDDLE-SIZED BUSINESS SECTOR unlimited opportunities for investors. This is con- (“GAZELLES”), 2007-2011 46 nected not only with the fact that there is a lot of oil, money and progressive investment legislation in AN IMPORTANT -
The Mineral Industry of Serbia in 2012
2012 Minerals Yearbook SERBIA U.S. Department of the Interior February 2015 U.S. Geological Survey THE MINERAL INDUSTRY OF SERBIA By Yadira Soto-Viruet Serbia’s mineral industry was dominated by copper, iron Euromax Resources Ltd., and Reservoir Minerals Inc., and and steel, and refined petroleum products. Other mineral Orogen Gold plc of the United Kingdom. and mineral-based commodities produced in the country included cement, coal, gold, lead, natural gas, nitrogen, salt, Commodity Review and selenium. Metals Minerals in the National Economy Copper.—In May, state-owned RTB Bor announced the In 2012, Serbia’s gross domestic product (GDP) decreased rehabilitation and reopening of the Cerovo Mine after an by 1.7%. In 2011 (the most recent year for which data were investment of about $23 million. The open pit mine, which was available), mining and quarrying made up about 1.9% of the closed in 2002, is located 15 kilometers (km) northwest of Bor GDP. The value of exports of mining and quarrying products and had estimated reserves of about 150 Mt at an average grade in 2011 was about $92 million, and the value of imports of of 0.35% copper. The company envisioned that initial output mining and quarrying products was about $2.5 billion. About when production resumes at Cerovo would be 2.5 Mt/yr of ore 87% of crude petroleum and 90% of natural gas imports were and would increase to 5.5 Mt/yr after 2015. In 2011, RTB Bor from Russia. The country also imported about 98% of its iron awarded the contract for the modernization of its existing copper ores and concentrates from Ukraine (Statistical Office of the smelting complex to SCN-Lavalin Group Inc. -
Russia and Saudi Arabia: Old Disenchantments, New Challenges by John W
STRATEGIC PERSPECTIVES 35 Russia and Saudi Arabia: Old Disenchantments, New Challenges by John W. Parker and Thomas F. Lynch III Center for Strategic Research Institute for National Strategic Studies National Defense University Institute for National Strategic Studies National Defense University The Institute for National Strategic Studies (INSS) is National Defense University’s (NDU’s) dedicated research arm. INSS includes the Center for Strategic Research, Center for the Study of Chinese Military Affairs, and Center for the Study of Weapons of Mass Destruction. The military and civilian analysts and staff who comprise INSS and its subcomponents execute their mission by conducting research and analysis, publishing, and participating in conferences, policy support, and outreach. The mission of INSS is to conduct strategic studies for the Secretary of Defense, Chairman of the Joint Chiefs of Staff, and the unified combatant commands in support of the academic programs at NDU and to perform outreach to other U.S. Government agencies and the broader national security community. Cover: Vladimir Putin presented an artifact made of mammoth tusk to Crown Prince Mohammad bin Salman Al Saud in Riyadh, October 14–15, 2019 (President of Russia Web site) Russia and Saudi Arabia Russia and Saudia Arabia: Old Disenchantments, New Challenges By John W. Parker and Thomas F. Lynch III Institute for National Strategic Studies Strategic Perspectives, No. 35 Series Editor: Denise Natali National Defense University Press Washington, D.C. June 2021 Opinions, conclusions, and recommendations expressed or implied within are solely those of the contributors and do not necessarily represent the views of the Defense Department or any other agency of the Federal Government. -
2G 3G 4G 5G > 181,400
Annual report 2019 Operational Results Infrastructure Network expansion MegaFon is the unrivalled leader in Russia 1 by number of base stations, with We are committed to maximising the speed and reliability of communications services for our subscribers, and are continuously investing in infrastructure and innovative technology. > 181,400 stations 2G 3G 4G 5G 1990s 2000s 2010s 2016–2019 Voice and SMS Mobile data and high- Mobile broadband and full- Ultrafast mobile internet, quality voice services scale IP network full-scale support of IoT ecosystems, and ultra-reliability MegaFon was the first in Russia to • provide 2G services in all • roll out a full-scale • launch the first 4G • demonstrate a record Russian regions commercial 3G network network (2012); connection speed • launch a commercial of 2.46 Gbit/s VoLTE network (2016); on a smartphone • demonstrate a data on a 5G network (2019); rate in excess of 1 Gbit/s • launch a 5G on a commercial lab – in collaboration smartphone (2018) with Saint Petersburg State University’s Graduate School of Management (2019) 1 According to Roscomnadzor as of 19 March 2020. 48 About MegaFon 14–35 Strategic report 36–81 Sustainability 82–109 Corporate governance, securities, and risk management 110–147 Financial statements and appendix 148–226 MegaFon’s base stations, ‘000 4G/LTE coverage, % 2019 70.0 50.7 60.7 181.4 2019 82 2018 70.5 49.4 49.6 169.5 2018 79 2017 69.1 48.0 40.6 157.7 2017 74 2G 3G 4G/LTE MegaFon’s strong portfolio of unique high-speed data 4G/LTE networks spectrum assets is an important competitive advantage. -
Notes on the the Upstream Oil Market in South East Europe
Notes on the The Upstream Oil Market in South East Europe on the occasion of the IENE 7 th South East Europe Energy Dialogue in cooperation with Athens: 28, Dimitriou Soutsou str. • GR-115 21 • Tel.: +30 210 817 1500 • Fax: +30 210 685 6657/8 Thessaloniki: 17, Ethnikis Antistasseos str. • GR-55134 • Tel.: +30 2310 478640-50-60-70 • Fax: +30 2310 455126 Certified by ISO 9001:2008 www.kgdi.gr KG LAW FIRM REF. NUM.: 2.801.709 Albania Has there been any research, exploration and/or exploitation activity in the last 10 years? Which companies are active in the upstream activity? Albania has many mineral resources, most notably: copper, iron-nickel and coal, as well as petroleum. There is located one of the largest onshore oil fields in Europe: Patos-Marinza, for which an increasing number of international oil companies today are securing oil prospecting licenses. Over the last decade, the country has awarded drilling licenses to a number of American, Austrian, Canadian, Croatian, Greek, and Swedish companies, and an increasing number of international companies are now seeking prospecting licenses. This has led to a growing workforce and an influx of investment in the oil, mining and gas sectors, which provides optimism for a long term recovery in the extractive industries. In the areas of exploration foreign companies prevail and operate on the basis of PSCs entered into with the Albanian state. In addition to minerals, Albania also holds considerable oil and natural gas, and the government is currently in the process of promoting increased production to international oil and gas firms in the wake of its program of privatization. -
SUSTAINABLE DEVELOPMENT REPORT 2015 Contents
SUSTAINABLE DEVELOPMENT REPORT 2015 Contents ABOUT THE REPORT 1 HUMAN RESOURCE DEVELOPMENT 52 Key themes and aspects of information disclosure 2 Goals and results of activities Significant themes and aspects of the 2015 Report 3 to develop human resource potential in 2015 54 Employee demographics 56 MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS 4 HR management system 57 Employer brand 59 MESSAGE FROM THE CHAIRMAN OF THE MANAGEMENT BOARD 6 Remuneration and social support for personnel 60 Cooperation with trade unions 62 ABOUT THE COMPANY 8 Personnel training and development 62 Mission 10 Development of the talent pool 67 Gazprom Neft values 10 Work with graduates and young professionals 68 Strategic goal 10 Goals for 2016 69 Core businesses and structure of Company 11 Geography of operations 12 SAFE DEVELOPMENT: INDUSTRIAL AND ENVIRONMENTAL SAFETY, Gazprom Neft in 2015: OCCUPATIONAL HEALTH AND SAFETY, ENERGY EFFICIENCY key financial and production results 13 AND ENERGY CONSERVATION 70 Policy and management 72 ECONOMIC PERFORMANCE AND INNOVATIVE DEVELOPMENT 14 Supply chain responsibility 75 Exploration and production 16 Stakeholder engagement 76 Oil refining 18 Industrial safety and occupational health and safety 78 Sale of oil and petroleum products 19 Goals and results of industrial and occupational Sale of petroleum products by the filling safety activities in 2015 80 station network and by product business units 20 Mitigating the negative environmental impact Petrochemistry 23 and the effective use of resources 82 Innovation 24 -
EXXONMOBIL DEVELOPMENT § COMPANY; and EXXONMOBIL § OIL CORPORATION, § § Plaintiffs, § § V
Case 3:17-cv-01930-B Document 110 Filed 12/31/19 Page 1 of 35 PageID <pageID> UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS DALLAS DIVISION EXXON MOBIL CORPORATION; § EXXONMOBIL DEVELOPMENT § COMPANY; and EXXONMOBIL § OIL CORPORATION, § § Plaintiffs, § § v. § CIVIL ACTION NO. 3:17-CV-1930-B § STEVEN MNUCHIN, in his official § capacity as Secretary of the U.S. § Department of the Treasury; § ANDREA M. GACKI, in her official § capacity as the Director of the U.S. § Department of the Treasury’s Office § of Foreign Assets Control; and the U.S. § DEPARTMENT OF THE TREASURY’S § OFFICE OF FOREIGN ASSETS § CONTROL, § § Defendants. § MEMORANDUM OPINION AND ORDER Before the Court is Plaintiffs Exxon Mobil Corporation, ExxonMobil Development Company, and ExxonMobil Oil Corporation’s Motion for Summary Judgment (Doc. 92), as well as Defendants Steven Mnuchin, Andrea Gacki, and the Office of Foreign Assets Control’s Cross-Motion for Summary Judgment (Doc. 95). The parties dispute whether the Office of Foreign Assets Control’s imposition of a two-million-dollar fine upon Plaintiffs for alleged violations of Ukraine-related sanctions regulations was lawful. Because the Court concludes that Plaintiffs lacked fair notice that their conduct was prohibited, the Court GRANTS Plaintiffs’ motion (Doc. 92) and DENIES Defendants’ cross-motion (Doc. 95). Further, the Court VACATES the Office of Foreign Asset - 1 - Case 3:17-cv-01930-B Document 110 Filed 12/31/19 Page 2 of 35 PageID <pageID> Control’s Penalty Notice. I. BACKGROUND1 This is an administrative case prompting the Court to determine which party receives the benefit of having its cake and eating it, too—the regulating agency that failed to clarify, or the regulated party that failed to ask. -
Management Report Oao Gazprom 2014
MANAGEMENT REPORT OAO GAZPROM 2014 2 CONTENT THE GROUP'S POSITION IN THE GLOBAL ENERGY INDUSTRY ................................ 3 OPERATING RESULTS ............................................................................................................. 4 Reserves and development of hydrocarbons .......................................................................... 4 Transportation of gas ........................................................................................................... 13 Underground gas storage ..................................................................................................... 16 Gas distribution .................................................................................................................... 18 Refining ................................................................................................................................ 21 Electric power ...................................................................................................................... 25 Innovation-driven development ................................................................................................. 27 Environmental protection ........................................................................................................... 28 Employees ..................................................................................................................................... 30 Analysis of financial results of operations ................................................................................ -
“Neni Čechi Neni Doto Ho!”
“Neni Čechi neni doto ho!” “You’re not Czech if you’re not jumping up and down!” Sport and Nationalism in Communist Czechoslovakia Andrea Fishman Senior History Thesis May 4, 2007 Table of Contents Introduction 3 I. Sport, Nationalism, and International Competition 6 i. Czech Nationalism 7 ii. Sport as Politics at the International Level 8 iii. Sport as War 11 iv. Czech Sport at the International Level 13 II. The History of Sport in Czechoslovakia 15 i. Czechs in the Olympics 19 ii. The Sokol Lives On 21 III. Sports and Communism 22 i. The Soviet Sports Machine 23 ii. Sport in the “Satellite States” 30 iii. Communist Sport in Czechoslovakia 31 iv. Martina Navratilova 34 IV. Czech Sport as a Vehicle for Nationalism 36 i. Ice Hockey 42 ii. Czechoslovakia Compared to Hungary and Poland 47 Conclusion 55 Bibliography 58 2 Introduction On March 28, 1969, the disheartened citizens of Czechoslovakia jumped up from in front of their televisions and ran outside to the streets to celebrate. In a country that had little reason to rejoice after being invaded by Soviet tanks seven months earlier, this was an extraordinary display of joy, nationalism, and Czech solidarity. The event that caused such excitement and later led to riots was the Czechoslovakian’s defeat of the Soviet Union, 4-3, in the World Ice Hockey Championships. During the past four centuries, the citizens of the modern day Czech Republic have survived under many oppressive rulers: the Hapsburgs of the Austro-Hungarian Empire, the Nazis, and the communists of the Soviet Union. -
Oleg Deripaska Has Struggled for Legitimacy in the United States, Where He Has Been Dogged by Civil Lawsuits Questioning the Methods He Used to Build That Empire
The Globe and Mail (Canada) May 11, 2007 Friday Preferred by the Kremlin, shunned by the States BYLINE: SINCLAIR STEWART, With a report from Greg Keenan in Toronto SECTION: NEWS BUSINESS; STRONACH'S NEW PARTNER: 'ONE OF PUTIN'S FAVOURITE OLIGARCHS'; Pg. A1 LENGTH: 957 words DATELINE: NEW YORK He is perhaps the most powerful of Russia's oligarchs, a precocious - some would say ruthless - billionaire, who built his fortune against the bloody backdrop of that country's "aluminum wars" in the 1990s. He has nurtured close ties to the Kremlin, married the daughter of former president Boris Yeltsin's son-in-law, amassed an estimated $8-billion in personal wealth and built a corporate empire that stretches from metals and automobiles to aircraft and construction. Yet for all his success at home, 39-year-old Oleg Deripaska has struggled for legitimacy in the United States, where he has been dogged by civil lawsuits questioning the methods he used to build that empire. Mr. Deripaska has repeatedly denied allegations levelled against him, and he has not been specifically accused by American authorities of any crime. However, these whispers about shady business dealings may raise concerns about his $1.5-billion investment in Canada's Magna International, not to mention Magna's attempts to win control of DaimlerChrysler, an iconic American company. The United States has recently shown protectionist proclivities, citing national security concerns to quash both a Chinese state-owned oil company's bid for Unocal Ltd. and a planned acquisition of U.S. port service contracts by Dubai Ports World. -
US Sanctions on Russia
U.S. Sanctions on Russia Updated January 17, 2020 Congressional Research Service https://crsreports.congress.gov R45415 SUMMARY R45415 U.S. Sanctions on Russia January 17, 2020 Sanctions are a central element of U.S. policy to counter and deter malign Russian behavior. The United States has imposed sanctions on Russia mainly in response to Russia’s 2014 invasion of Cory Welt, Coordinator Ukraine, to reverse and deter further Russian aggression in Ukraine, and to deter Russian Specialist in European aggression against other countries. The United States also has imposed sanctions on Russia in Affairs response to (and to deter) election interference and other malicious cyber-enabled activities, human rights abuses, the use of a chemical weapon, weapons proliferation, illicit trade with North Korea, and support to Syria and Venezuela. Most Members of Congress support a robust Kristin Archick Specialist in European use of sanctions amid concerns about Russia’s international behavior and geostrategic intentions. Affairs Sanctions related to Russia’s invasion of Ukraine are based mainly on four executive orders (EOs) that President Obama issued in 2014. That year, Congress also passed and President Rebecca M. Nelson Obama signed into law two acts establishing sanctions in response to Russia’s invasion of Specialist in International Ukraine: the Support for the Sovereignty, Integrity, Democracy, and Economic Stability of Trade and Finance Ukraine Act of 2014 (SSIDES; P.L. 113-95/H.R. 4152) and the Ukraine Freedom Support Act of 2014 (UFSA; P.L. 113-272/H.R. 5859). Dianne E. Rennack Specialist in Foreign Policy In 2017, Congress passed and President Trump signed into law the Countering Russian Influence Legislation in Europe and Eurasia Act of 2017 (CRIEEA; P.L.