01. About report
This integrated report of Samruk-Energy JSC provides all interested parties with a full review of Samruk-Energy Group of Companies’ activity results and achievements in the period January 1 to December 31, 2013. Consolidated financial statements of the Company for 2013 as of December 31, 2013 and for 2012 as of December 31, 2012 stated herein are outcome of audit conducted by an independent auditor — PricewaterhouseCoopers LLP (PwC).
As part of this report, there is information on economy, ecology, safety, occupational safety, corporate social responsibility and financial performance. Information and quantitative data are presented for 2013, but in order to compare and analyze the information in figures, where applicable, we used data for 2011 and 2012.
The history of non-financial reports of the Company started in 2010. In 2010 the first Annual Report of the Company on the 2009 results was published.
In 2011, along with Annual Report, the Company published Report on sustainable development of Samruk-Energy Group of Companies that covers period from January 1 to December 31, 2010.
The most recent Integrated Annual Report was published in August 2013. In the future, the Company plans to prepare Integrated Report on an annual basis.
THE PROCESS OF DETERMINING OF REPORT’S CONTENT
This report has been prepared in accordance with the principles of the Global Reporting Initiative (Global reporting initiative, GRI 3.1) and Industry Protocol in the field of Electric utility (Electric utility, EU), International Integrated Reporting Council (International Integrated Reporting Council, IIRC) and International Financial Reporting Standards. The table indicating location of the standard elements in the Report is attached to the Report, Appendix 2: Table of Report’s Compliance with GRI Guideline.
LIMITATION ON THE REPORT SCOPE AND BOUNDARIES
The Company is the one that manages and it does not perform production activities, therefore makes insignificant impact on the environment.
This Report contains the consolidated information on Samruk-Energy Group of Companies, consisting of 36 subsidiaries and affiliates, for the purposes of full disclosure of indices on sustainable development. The following organizations are exceptions:
- Forum Muider B.V. – managing company;
- Bukhtarma HPP JSC, Shulbinsk HPP JSC and Ust-Kamenogorsk HPP – are on lease and concession;
- Karagandahyproshakht and K LLP – is under fiduciary management;
- 11 other companies.
DATA AND CALCULATIONS MEASUREMENT TECHNIQUES, INCLUDING ASSUMPTIONS AND TECHNIQUES, USED TO PREPARE INDICES AND OTHER INFORMATION INCLUDED INTO THE REPORT
Calculation, collection and consolidation of production, social and environmental indicators presented in the Report of the Company were carried out in accordance with the accounting principles and recommendations of the Guide to reporting on sustainable development version 3.1 (Global reporting initiative, G3.1) and the Company’s corporate management procedures.
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 shown using a generally accepted system of units and was calculated by using standard coefficients.