Annual
Report 2015

key investment projects ru

Development of an advanced investment management framework

Development of an advanced investment management framework

Capital management is there to ensure the Company’s financial stability

Stay-in-business CAPEX was brought in line with the industry averages through:

  • Project prioritisation based on risk assessment
  • Cost optimisation through tenders
  • FX translation effect

The Company has adopted a consistent approach to investment planning and management of capital development projects

CAPEX management is of critical importance to the Company’s sustainable development and stable financial performance. The Company’s priorities in this area are as follows:

  1. adjustment of stay-in-business CAPEX in line with the industry benchmarks,
  2. planning and management of development projects.