OREANDA-NEWS. January 21, 2013. BoD session decided over a range of management and corporate issues:
 
Approval of the report on 3Q 2012 business plan (including investment program) completion

The BoD approved the report on 3Q 2012 business plan (including investment program) completion.

The key parameters are as follows:
RUR mln 3Q 2012
Revenues 39 495.9
transmission 38 343.4
connection 861.2
other 291.3
Expenses 35 875.3
Gross profit 3 620,6
Pre-tax profit 635.3
Net profit 573.1
 
Approval of a credit policy report
The BoD approved a 3Q 2012 credit policy report of the Company. As of 01.10.2012 our credit portfolio totaled RUR 7 949.7 mln. The Company observed all the set debt limits, debt financing was according to the amount of maximum debt rate as of the reported period approved by the BoD.
 
Determination of the Company's (representatives') positions on agenda issues of the GSM and BoD sessions of the SACs
The BoD entrusted its representatives at EESK and EES to vote "FOR" while adopting resolution on the approval of the report on 3Q 2012 business plans as well as target KPIs completion.
 
Review of a report on the completion of the Energy-saving and Efficiency Increase Program in 3Q 2012.
On the whole, 3Q 2012 figures (see the table below) demonstrate positive dynamics. Actual 9M 2012 effects exceed the target ones, therefore, we can get a larger annual effect (economy) from the Program.
Activities M.u. 3Q 2012 Target effects 3Q 2012 actual effects
Effect from activities aimed at energy loss decrease kWh mln 45.24 77.00 
Effect from activities aimed at decrease of expenses on auxiliaries kWh mln 0.510 0.50 
Effect from activities aimed at decrease of expenses on economic needs kWh mln 0.01 0.06 
Gcal 437.25 437.25 
Total effect kWh mln 45.76 77.57 
Gcal 437.25 437.25