“Samruk-Energy” JSC | Integrated annual report
Annexes

About the report

This integrated report of “Samruk-Energy” JSC reflects material facts of the company’s performance. The Report provides all interested parties with a review of the results and achievements of Samruk-Energy Group of Companies’ activity in the period from January 1 to December 31, 2016. Consolidated financial statements of the Company for 2016 as of December 31, 2016 and for 2015 as of December 31, 2015 stated herein are the outcome of the audit conducted by an independent auditor – PricewaterhouseCoopers LLP (PwC).

This Report also provides information on the Company’s economic activities sustainable development and financial and operational results. Information and quantitative data are presented for 2016, however in order to compare and analyze the information in figures, we used the data for 2014 and 2015, where applicable.

The Company started issuing its non-financial reports in 2010. The Company’s first Annual Report of 2009 results was published in 2010.

In 2011, along with the Annual Report, the Company published the Report on Sustainable Development of “Samruk-Energy” JSC Group of Companies that covers the period from January 1 to December 31, 2010. The previous Integrated Annual Report was published in May 2016.

The Company plans to publish an Integrated Report on an annual basis.

Process of determining the content of the Report

This Report has been prepared in accordance with the principles of the Global Reporting Initiative (hereinafter – GRI version G4) and Industry Protocol in the field of Electric Utility (Electric Utility, EU), reporting requirements of United Nations Global Compact and International Financial Reporting Standards. The table indicating the location of standard elements in the Report is attached to the Report (see Appendix 2: Table of Report’s Compliance with GRI Guidelines).

Limitation of the scope and boundaries of the Report

The Company is a management company, that does not perform production activities; therefore its impact on the environment is minimal. This Report contains consolidated information on Samruk-Energy Group of Companies (hereinafter, also the Group of Companies or the Holding), which consists of 38 subsidiaries and affiliates, for the purpose of full disclosure of sustainable development indicators. The following organizations are exceptions:

  • Forum Muider B.V. – managing company, a joint with RUSAL CJSC (50 % of SE);
  • Mersal Coal Holdings Ltd, Manetas Coal Holdings Ltd, Grasedol Coal Holdings Ltd, Bleson Coal Holdings Ltd, GROUCH ESTATE Ltd, ALLOYAL Limited, WEXLER LTD, METTLERA CORPORATION LTD, EnergoTradeUgol OJSC, Resourceenergougol OJSC – subsidiaries of Forum Muider B.V.
  • Bukhtarma HPP JSC, Shulbinsk HPP JSC and Ust-Kamenogorsk HPP JSC – the assets are on lease and concession;

Data and calculation measurement techniques, including assumptions and techniques used to prepare indices and other information included in the Report

Data resources are the official reporting forms presented annually for state statistics’ authorities. Several indices are collected and calculated according to the internal reporting forms audited by the authorized representatives of companies within the internal audit procedures.

Calculation, collection and consolidation of production, social and environmental indicators presented in the Report of the Company were carried out in accordance with the reporting principles and recommendations of the Guide to reporting on sustainable development version 4 (Global reporting initiative, GRI G4) and the Company’s corporate management procedures. The probability of discrepancies of quantitative data for each category of indicators on sustainable development is minimized. Dependencies and specific values are supplemented by absolute values. Quantitative data are reflected using a standard system of units and were calculated by using standard coefficients.

Statements concerning the future

Data in the Report associated with the future are based on the forecast information. Words including “believes”, “assumes”, “anticipates”, “estimates”, “intends”, “plans”, and indicators marked as “plan”, and similar expressions refer to a forecast statement. Actual results may differ materially from the planned and target indicators, expected results, evaluations and intentions, contained in the forecast statements. Forecast statements are effective only as of the Report issue date. The Company does not guarantee the anticipated performance results presented in the forecast statements will in fact be achieved; thus, they must not and may not be considered as the most plausible or standardized scenario.

“Samruk-Energy” JSC | Integrated annual report
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