Capitalization management Print version

The Capitalization Management System is based on ОАО TATNEFT Capitalization Management Concept scheduled till 2012, approved by the Board of Directors in 2007. The system includes formation and strengthening of internal corporate mechanisms of the capitalization management , which are aimed at the provision of the Company indices taking into account the risks of the external factors (macroeconomic, industry branch, financial and others).

The principle approach in the development of the ОАО TATNEFT Capitalization Management System is the analysis of the domestic industry branch companies' activities for capitalization management, and estimation of the interconnection of the capitalization level with the dynamics of the main indices of production and economic activity.

Dynamics in capitalization of OAO TATNEFT, 1996-2010

ОАО TATNEFT Capitalization Management system includes the following:

1. Program of increasing the efficiency of production management and strengthening of the financial and economic status of ОАО TATNEFT for the period of 2008-2015. The Program has been elaborated by a relevant Protocol of the Company's Economic Summit and it is a basis for developmnt of activities and individual fields of concern of ОАО TATNEFT for the period of 2008-2015.
2. Planning and analysis of the capitalization corporate factors. It is provided for by the Standard System of scenario planning of financial and economic activity of ОАО TATNEFT for the period oof three years approved by the Management Board of ОАО TATNEFT.
3. Estimation of the capitalization management efficiency and distribution of the officials' powers for provision of the capitalization factors. In the reported year formation of the appropriate regulating documents was continued on the ground of approved Capitalization Management Concept and the accepted international practice. the work was carried out with participation of the Board of Directors' Corporate Management, HR and Renumeration Committees.
4. Formation of consolidated financial statements according to the US GAAP standards. In 2009 the Company started to the full extent publication of consolidated financial statements on a quarterly basis.
5. Information and analytical coverage of the Company's activity approved by the Corporate Management and InformationDisclosure Committees.
6. Development of the Corporate Internet Portal of Tatneft Group. A qualitively new integrated Company's web site has been created and approved by tr Information Disclosure Committee and by the Board of Directors of ОАО TATNEFT. The web site has been operating in the full scale mode in the Russian and English versions since May 2009. The work has been carried out for a number of the Company's subsidiarieswith regard to adjustment and adaptation of the sub-portals' software platform taking into consideration informational, stylistic and processing compatibility with the internet Portal of the Company.

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