Annual Report 2013

Information Disclosure Policy

IDGC of Centre strives to maintain maximum openness for shareholders, potential investors, and regulatory bodies, as well as its customers and other related parties, when carrying out its operations.

The Company publishes most of its disclosed information in compliance with the requirements of the Russian laws as an issuer of securities, a joint-stock company, and a retail energy market participant.

IDGC of Centre has a high corporate governance rating of NRCG 7+ and the credit ratings of “BB/B/ruAA” on the international scale and “АА” on the national scale, which places additional transparency and clarity requirements on the Company.

The Company strives to provide the most complete information disclosure, not limiting itself to the format and schedule for mandatory information disclosure in its effort to reach a more effective interaction with the related parties and enable them to make weighted decisions. The main document defining the principles for information disclosure is the Regulation on Information Policy, the new revision of which was approved by the Company’s Board of Directors in August 2013.

For details on this document, please visit our
corporate website.

The Company’s General Director reports to the Board of Directors on compliance with this Regulation on a quarterly basis.

POSITIVE ASPECTS OF IDGC OF CENTRE INFORMATION DISCLOSURE NOTED BY THE CONSORTIUM OF RUSSIAN INSTITUTE OF DIRECTORS:

100 % compliance with the legislative requirements for information disclosure in terms of:
  • deadlines;
  • format;
  • volume;
  • completeness and accuracy.
Clear and concise information policy
Free and unimpeded access to the financial information:
  • financial statements under RAS and IFRS;
  • financial and business indicators and their changes over several years
Disclosure of the amount of individual remuneration of the members to the Board of Directors
Release of detailed information on all major transactions and related party transactions

In November 2013, the IDGC of Centre annual report for 2012 became one of the best reports among companies with a capitalization of 10 – 100 bln RUB during the Annual Report Competition held by the Moscow Stock Exchange.

Our Company’s annual report for 2012 was included in the Top 50 Annual Reports of the LACP Annual Report Competition, getting 99 out of 100 points, or the 36th place. The online version of the report got the ‘Golden Award’ among the power industry companies that took part in this international American competition.

IDGC OF CENTRE INFORMATION DISCLOSURE SYSTEM: