OJSC Kubanenergosbyt Annual Report receives federal awards
TNS energo Group of Companies Source: Press Service of OJSC Kubanenergosbyt 29 september 2014
The Annual Report of the OJSC Kubanenergosbyt has simultaneously ranked among the three prize-winners in two categories of the XI Contest for the annual reports of joint stock companies — ‘The Best Annual Report from Krasnodar Territory’ and ‘The Best Annual Report Design and Concept’.
By tradition, the awards ceremony was held in the city of Sochi as part of the XIII International Investment Forum ‘Sochi — 2014’.
This year, more than 80 reports had been submitted to the contest from enterprises making up leading industries in the economy — metallurgy, electrical power, oil production and processing, agriculture, transport and the financial sector. The contest committee consisted of experts from the Russian Institute of Directors, the National Association of Stock Market Participants, the Russian Union of Entrepreneurs and Industrialists and other professional organisations and who were responsible for determining the winners in 15 categories. Each report was evaluated by the members of the expert council on the basis of more than 20 indicators.
The annual report evaluation procedure included an analysis of the quality of information disclosure for investors. Attention was paid to the quality of presentation of the information about each company and its financial and economic activities, the disclosure of information about corporate management and the presence of an interactive version of the report.
OJSC Kubanenergosbyt pays a great deal of attention to the openness and transparency of its business processes and social projects, and, as a result of this, its main financial document has, many times, received prestigious awards.
Thus, in 2007 the organisation’s Annual Report took first place in the nomination ‘The Best Debut Report‘, in 2008 the OJSC Kubanenergosbyt was commended in the ‘Infrastructure’ category, in 2012 the Annual Report took 3rd place in the ‘Best Annual Report from Krasnodar Territory’ category and was also awarded a special prize from the ‘Expert RA’ Rating Agency for the best coverage of the Company’s activity in the South Federal District.
Beyond this the OJSC Kubanenergosbyt has, on more than one occasion, received letters of appreciation from the Governor of the Krasnodar region.