ASE Group Annual Report 2015

ASE Group Annual Report 2015

ANNUAL REPORT • 2015 REPORT ANNUAL C A P G A N B I T I I L I N T U I E S A N 15 NU 20 AL REPORT • ASE GROUP NIAEP JSC ASE JSC Atomenergoproekt JSC ATOMPROEKT JSC www.niaep.ru Postal Address: 3 Svobody Sq., Postal Address: 2 building 1, Postal Address: 7 building 1, Postal Address: www.atomstroyexport.ru Nizhny Novgorod, 603006 Dmitrovskoye Highway, Bakuninskaya St., 82 Savushkina St., www.aep.ru Phone: +7 (831) 421-79-00 Moscow, 127434 Moscow, 105005 St Petersburg, 197183 www.atomproekt.com Fax: +7 (831) 419-84-90; Phone: +7 (495) 737-90-37 Phone: +7 (495) 633-50-50 Phone: +7 (812) 339-15-15 +7 (831) 421-06-04 [email protected] Phone: +7 (495) 737-90-37 [email protected] [email protected] [email protected] ASE GROUP ASE G4-48 Table of Contents Approved by the decision of the annual general meeting Address of the President 2 2 Capital management of shareholders of NIAEP JSC About the Company 4 and performance results 45 Key Performance Indicators 6 2.1 Financial Capital 45 Approved by the decision of the sole shareholder of ASE JSC Key Events 7 2.1.1 Financial Capital Management 46 2.1.2 Financial Results 53 About this Report 8 Approved by the decision of the annual general meeting 2.2 Natural Capital 56 1 Strategy overview 10 of shareholders of Atomenergoproekt JSC 2.2.1 Natural Capital Management 59 1.1 Strategy 12 2.2.2 Environmental and Radiation Safety of NPPs 61 1.1.1 Mission and Values 13 2.2.3 Environment Protection 66 1.1.2 Strategic Goals 13 2.2.4 Energy Efficiency 71 1.1.3 KPIs of the Strategy Implementation 15 2.3 Manufacture Capital 72 1.1.4 Relation with Strategy of Rosatom State Corporation 15 2.3.1 Manufacture Capital Management 74 1.1.5 ASE Group Sustainable Development Agenda 17 2.3.2 Results of Manufacture Activities 79 1.2 Value Creation. Business Model. 21 2.4 Intellectual Capital 86 1.2.1 Value Creation Chain in Engineering Business 21 2.4.1 Intellectual Capital Management 89 1.2.2 Business Model 22 2.4.2 Intellectual Property 90 1.3 Target Markets and Priority Directions of Development 24 2.5 Human Capital 94 1.3.1 NPP Construction Market 24 2.5.1 Human Capital Management 97 1.3.2 Business Diversification Markets 24 2.5.2 HR Policy Implementation Results 102 1.4 Opportunities and Risks 25 2.5.3 Social Policy 105 1.4.1 Risk Management System of ASE Group 25 2.6 Social and Relationship Capital 108 1.4.2 ASE Group Risks 26 2.6.1 Social and Relationship Capital Management 111 1.5 Corporate Governance 32 2.6.2 Stakeholder Engagement 111 1.5.1 Corporate Governance Principles of NIAEP JSC 34 2.6.3 Social and Economic Results 115 1.5.2 Corporate Governance System of NIAEP JSC 35 2.6.4 Public Reporting System 119 1.5.3 Corporate Governance of Controlled Entities 40 President V.I. Limarenko Statement of the Chairman of the Public Reporting Committee 124 Chief Accountant of NIAEP JSC E.V. Samogorodskaya Statement on the Results of Public/Stakeholder Assurance of the 2015 Public Annual Report of ASE Group 125 Chief Accountant of ASE JSC M.Yu. Samotsvetova Abbreviations 127 Glossary 127 Chief Accountant of Atomenergoproekt JSC E.V. Samogorodskaya Annexes 129 Contacts 208 G4-1 Address of the President Dear Colleagues and Partners, In 2015, the year of the 70-th anniversary of the engineers who contributed their knowledge and tal- The approach to sustainable development of ASE Russian nuclear industry, the Engineering Division ent, the construction workers who kept working at Group is based on the approach of the UN World formation was completed. The process had started the site, the installation workers who assembled a Commission on Environment and Development. three years ago with delegating to NIAEP JSC the sophisticated complex of the power unit systems, Special attention is paid to such components of functions of the sole executive body of the Atom- the setup technicians who made the innovative sustainable development as health and wellbeing stroyexport Construction Company. In 2014, Atome- equipment operational, the procurement personnel of employees, development of regions of presence, nergoproekt JSC (the largest design institute) joined who cared to meet the construction needs, and all charity, etc. In 2015, the Company provided support United Company NIAEP-ASE. In December 2015, the employees of the Company who played their own to 59 environmental, cultural, sports, and youth NIAEP JSC management scope was extended to part in the NPP startup. patriotic education projects. It is important for us include an expert design company ATOMPROEKT not only to leave unique and complex facilities as a JSC (S. Petersburg). Thus, ASE Group headed by We keep actively developing the Multi-D technology. heritage for future generations, but also to preserve NIAEP JSC turned into the center of engineering This innovation is one of our competitive advan- the environment and natural resources in the course competence of the nuclear industry. One of the main tages. The Multi-D technology reduces the duration of implementation of our projects. objectives of the United Company is strengthening and the cost of construction projects, while increas- of the international presence through integration of ing the work quality and safety at nuclear power We are active as an engineering company both on expertise and optimization of production relations facilities. The Multi-D technology ensured the early Russian and international markets, therefore, infor- within a unified system of facilities. The created startup of Rostov NPP 3 in 2014 and compliance mation transparency is very important. It is clear for structure provides the Company with competitive with the strict schedule of Belarusian NPP construc- us that the attitude towards nuclear power indus- strength and allows extending its order portfolio. tion. In the Republic of Belarus we are building two try directly depends on the quality and the scope of power units simultaneously, while improving the information available to a wide range of stakehold- ASE Group is one of the leaders of the global engi- design replication approaches. ers. Therefore, we consider the annual report as one neering market. The United Company accounts for of the most efficient tools for providing information. over 30% of the global NPP construction market and As the United Company, we started development of a I am proud to say that our annual reports have operates in more than 20 countries. solution to a unique task for the industry and for the been recognized as the best in the industry-spe- country, which is the establishment of the unified cific national and international contests for sev- Improvement of financial and economic parameters information space. The unified information space eral years in a row. proves that our strategy is the right one. In 2015, will allow establishing work groups with no need the portfolio of overseas orders amounted to $70 bln, for taking into account the location of the person- We issue reports that meet international standards. which is by $3.2 bln more than was planned. The nel and, when necessary, change work approaches We strive for any stakeholder to be able to trace proceeds of the United Company increased more and tools. In other words, ASE Group establishes the the Company’s evolution, to see its milestones, to than 1.6 times to RUB 166.6 bln, compared to con- standard for processes of state-of-the-art design of assess the implementation of the strategic goals sistent proceeds of 2013. Proceeds for overseas complex engineering facilities. and the stability of our business. projects account for 60%. Within the last two years, the labour productivity increased 1.6 times (in com- In the context of competition strengthening both in This annual report is prepared to enable all stake- parable prices). the NPP construction market and the non-nuclear holders to become aware of detailed results of our power generation market, a competitive LCOE is one activities in 2015, as well as with our future plans. Among other results of the year, it is worth mention- of the keys to success. Therefore, our main objec- We will keep developing in all our lines of activities, ing the following: the timely delivery of power unit tive is not limited to construction of reliable nuclear further promoting a strong engineering division of No. 3 for Rostov NPP, lifting of containment dome power plants, but rather includes development of the Russian nuclear power industry. of power unit No. 4 of Tianwan NPP (China) two design, construction and project management tech- months ahead of the schedule, execution of accept- nologies providing for long-term sustainable devel- ance certificate for a power unit at Bushehr NPP opment of the Company. One of the main tools is Valery Limarenko (Iran), and contract singing in Bangladesh. Rosatom Production System, which is being actively President of ASE Group ASE Group is one of the leaders of the global implemented at construction sites. RPS is compa- One of the current major projects is Novovoronezh rable to LEAN technologies used for design works. NPP 2. In 2015, the cold and hot trial tests com- The implementation of LEAN technologies equips us engineering market. The United Company accounts pleted at the first power unit demonstrated that the with a more efficient tool in design replication. All of first in the world NPP of Generation III+ was ready the above tools provide the company with access to for over 30% of the global NPP construction market for startup.

View Full Text

Details

  • File Type
    pdf
  • Upload Time
    -
  • Content Languages
    English
  • Upload User
    Anonymous/Not logged-in
  • File Pages
    106 Page
  • File Size
    -

Download

Channel Download Status
Express Download Enable

Copyright

We respect the copyrights and intellectual property rights of all users. All uploaded documents are either original works of the uploader or authorized works of the rightful owners.

  • Not to be reproduced or distributed without explicit permission.
  • Not used for commercial purposes outside of approved use cases.
  • Not used to infringe on the rights of the original creators.
  • If you believe any content infringes your copyright, please contact us immediately.

Support

For help with questions, suggestions, or problems, please contact us