The past year can be described as a difficult period for the financial and economic situation of the company, which is due to the changes in the current legislation, the general state of the economy of the region, and the country as a whole. Despite some issues with the payment discipline of certain groups of consumers, in particular, managing organizations and companies in the housing and public utilities sector, Saratovenergo OJSC proved to be able not only to prevent adverse changes in its financial activities but also to achieve its key performance indicators.
The difficult economic situation has become not only a test for our company but also a good incentive for further development.
Our financial performance indicators and work results for 2013 prove that the course we have chosen is correct. The gross revenues of the Company were 15,367.8 million rubles, the net power supply was 5,949 million kWh. The financial and economic activity performance indicators prove the positive profitability of the Company as indicated by the Company's net profit of 1,007 thousand rubles at year-end 2013.
Saratovenergo OJSC investment activities in 2013 was focused on upgrading and updating the physical infrastructure of the company, improving IT technologies used in power supply activities.
The total investment amount was 13.6 million rubles.
Throughout the year of 2013, Saratovenergo OJSC has been meeting the challenges of increasing the operational efficiency by reducing costs, developing new types of services, improving the quality of customer service. Particular attention was paid to improving the energy efficiency of our customers. In 2013, energy audit projects were successfully implemented at Molochnyy Kombinat Engelsskiy OJSC, Krasnopartizanskaya CRB SHCI SO, OJSC, 356 Engelsskiy Aviatsionnyy Remontnyy Zavod OJSC, Biznes-Inkubator BMR Saratovskoy Oblasti MAU, in administrative buildings of executive agencies. Saratovenergo OJSC has signed large energy service agreements with Maslosyrbaza Engel’sskaya LLC and Vodokanal LLC in Marks.
The company will continue to conclude agreements and implement power saving projects in 2014.
Saratovenergo OJSC Board of Directors’ activities in the past year were aimed at optimizing the structure of the executive body of the Company (the contract with the management company was terminated, CEO was elected) and choosing the strategy of the Company's financial, economic, and investment policy. The Board of Directors has approved a number of strategically important documents, including a long-term development plan of the Company for 2014 to 2016.
The following achievements of the past year may be considered the main ones:
• positive performance indicators of the company's operating activities;
• cost optimization of the organization;
• updating and implementing customer service quality standards;
• development of new services for customers.
In 2014, the efforts of the management and the entire team of the company will be focused on working with accounts receivable, improving the payment discipline of consumers, developing additional services and improving the customer service quality standards, optimizing costs and improving the operating efficiency of the company.
We believe that Saratovenergo OJSC will successfully achieve the goals set for keeping and strengthening the company's positions in the energy market of the Saratov Region this year as well.
Chairman of the Board of Directors...