44
Social allocations, %
2.46
3.0
3.2
3.24
Amortization of fixed assets, %
19.4
21.6
24.3
29.3
Taxes
included in production cost, %
11.0
12.2
13.6
15.8
Other costs
14.7
16.9
16.5
17.3
Amortization of intangible assets, %
0.48
0.6
0.7
0.5
Remuneration for rationalization proposal, %
-
-
Mandatory insurance payments, %
1.8
2.3
2.0
2.8
Entertainment
allowance, %
0.05
0.05
0.04
0.02
Other (please specify), % *
12.4
13.9
13.8
14.0
Total: Expenses for production and sale of products
(works, services) (production costs), %
100.0
100.0
100.0
100.0
For reference: Proceeds from sale of products
(works, services), %
against production cost
165.7
167.4
171.2
14,0
* Including expenses on electricity and capacity market performance in 2015 — 4.5 %, in 2016 (3 months) —
5.5 %; expenses on protection of facilities in 2015 — 2.7 %, in 2016 (3 months) — 3.2 %.
New types of products (works, services) being of essential importance offered by the Issuer on the market
of its core business to the extent it corresponds to public information on such types of products (works,
services). The development state of such types of products (works, services) shall be specified.
There are no
new types of products (works, services) being of essential importance.
Standards (rules) in accordance with which the Issuer's accounting (financial) statements are prepared and
calculations specified in this subclause are made.
The Issuer's accounting statements are prepared in accordance with the accounting and reporting rules currently
effective in the Russian Federation, provided for by Federal Law On Accounting No. 402-FZ dated December
06, 2011 and Regulation on Accounting and Reporting in the Russian Federation, approved by Order of the
Ministry of Finance of the Russian Federation No. 34n dated July 29, 1998, as well as other regulations included
in the system of accounting regulation and preparation of statements by companies in the Russian Federation.
3.2.3. Materials, Goods (Raw Materials) and Suppliers of the Issuer
Name, location, INN (if available), OGRN (if available) of the Issuer's suppliers, accounting for at least 10 per
cent of all supplies of materials and goods and their shares in total supply for the last completed financial year, as
well as for the last completed reporting period to the securities prospectus approval date.
As of December 31, 2015
Suppliers of the Issuer which account for at least 10 per cent of all deliveries of materials and goods (raw
materials)
Full corporate name:
Open Joint-Stock Company Financial Settlement Center
Abbreviated corporate name:
OJSC FSC
Location:
12 Krasnopresnenskaya Embankment, entrance 7, floors 7 ― 8, Moscow, Russian Federation
INN:
7705620038
OGRN:
1047796723534
Share in the total supplies, %:
94.38
Information on price adjustments for basic materials and goods (raw materials) by more than 10 per cent
within the relevant reporting period as compared with the reporting period for the previous financial year
or on the lack of such change.
The price for basic materials and goods (raw materials) was not adjusted by more than 10 % within the relevant
reporting period
Share of import in deliveries of materials and goods, forecast for availability of sources of import and
possible alternative sources
There are no import deliveries.
As of March 31, 2016
Suppliers of the Issuer which account for at least 10 per cent of all deliveries of materials and goods (raw
materials)
45
Full corporate name:
Open Joint-Stock Company Financial Settlement Center
Abbreviated corporate name:
OJSC FSC
Location:
12 Krasnopresnenskaya Embankment, entrance 7, floors 7 ― 8, Moscow, Russian Federation
INN:
7705620038
OGRN:
1047796723534
Share in the total supplies, %:
98.26
Information on price adjustments for basic materials and goods (raw materials) by more than 10 per cent
within the relevant reporting period as compared with the reporting period for the previous financial year
or on the lack of such change.
The price for basic materials and goods (raw materials) was not adjusted by more than 10 % within the relevant
reporting period
Share of import in deliveries of materials and goods, forecast for availability of sources of import and
possible alternative sources
There are no import deliveries.
3.2.4. Sales Markets for Products (Works, Services) of the Issuer
Key markets where the Issuer conducts its business:
The Issuer conducts its business within several constituent entities of the Russian Federation. The Issuer's
current core business is electricity (capacity) production and sale.
In accordance with Regulation of the Russian Federation Government No. 1172 dated December 27, 2010
“On Approval of Regulations for Wholesale Electricity and Capacity Market and Introduction of Amendments to
Certain Acts of the Government of the Russian Federation Regarding Functioning of the Wholesale Electricity
and Capacity Market” (hereinafter referred to as the Wholesale Market Regulations), the Issuer carries out its
activities connected with sale of electricity (capacity) in the following segments of the wholesale market:
Regulated Contracts (RC):
Electricity (capacity) is traded under terms and conditions of regulated contracts concluded on the wholesale
electricity (capacity) market at regulated prices (rates), approved by the FAS Russia
. The cumulative volume of electric energy and the cumulative volume of capacity supplied by the Issuer
under RC in the relevant calendar year shall not exceed 35 per cent of the overall electric energy and capacity
production specified in the budgeted balance sheet for the Issuer’s period of regulation.
Competitive trade in generating capacity, competitive capacity outtake (CCO):
There are several mechanisms for implementing capacity on the wholesale market:
purchase /sale of capacity, selected on the basis of competitive selection of power.
-
On the purchase and sale contracts of power, concluded on the basis of competitive selection of
power;
-
purchase /sale of capacity under free agreements of purchase and sale of power (SDM);
-
purchase/sale of capacity under agreements for capacity and contracts for the sale of power of new
nuclear power plants and hydropower plants, the same DP;
-
purchase/sale of power generating facilities, related to the generation facilities that supply power in
forced mode;
-
purchase/sale of capacity under regulated contracts (in the scope of supply to the population and
equivalent categories);
-
purchase/sale of the power produced by qualified generating facilities that operate through the use of
renewable energy sources (hereinafter - RES), on contracts for supply of power, concluded as
a result
of competitive selection of investment projects for the construction of generating facilities operating
on the basis of renewable energy sources.
Competitive selection of capacity (CSC), conducted by the system operator, is the basis of the power of
the market and determines how much power will be paid on the wholesale market.
By 2015, CSC was conducted only 1 year in advance (for next year). RF Government Decree № 893 of
August 27, 2015 approved the new rules of the CSC and the principles of trade improved capacity on the
wholesale market. Beginning in 2016 under the PTO power annually selected for the year, coming in three
calendar years after the year of the CSC. In 2015 the CSC for 2016-2019 years is held.