ANNUAL REPORT - HSE

ANNUAL REPORT HSE | BUSINESS REPORT
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2.10 Informatics
UPIS management information
system
The system was upgraded to a new platform, which
brings an updated user interface, shorter system response
times and more of useful functions. The system
captures all necessary production unit measurements,
including the status of measurement reliability
and point of measurement characteristics, which provides
insight into the state of measurements before
their completion.
ODOS document management
system
The implementation of individual processes, optimisation
and improvement of the existing processes, and
general improvements to the system's functionality
continued. These included the opening of the document
management system to the external internet
environment, subject to embedded restrictions. A
training module was prepared for the purpose of employee
training, and an INFOS services system was set
up. The ODOS system also records all contracts dealing
with electricity as well as contractor agreements,
outsourcing agreements and other documents.
ISO processes
Within the framework ISO 9001 standard, all necessary
procedures were prescribed in accordance with
the ITIL standard.
System software
System capacities were upgraded, facilitating the installation
of new servers, the capacity of which can be
increased on-line if necessary. Among other things, domain
servers were upgraded and secure internet e-mail
access provided. A common access point was established
for the reporting of hardware and software malfunctions.
The management of changes, configurations
and updates of the system software and applications is
conducted using workflows in the ODOS environment.
The IT infrastructure management application was
upgraded with the possibility of monitoring and reporting
daily, monthly and yearly availability of internet
access, functioning of e-mail, access to databases
and wireless network connections.
2.11 Financial
operations
Main activities
In 2008 the financial operations of the HSE Group were
primarily aimed at:
• ensuring solvency and optimising liquidity of the
HSE Group,
• implementing financial policy in relation to banks
and other financial institutions,
• managing related risks.
Ensuring solvency
The basic function of financial operations is to ensure
solvency of the HSE Group and, consequently,
undisturbed performance of other business activities.
In 2008 short-term solvency of the HSE Group
was ensured through the monitoring and optimisation
of short-term cash surpluses and deficits of HSE
Group companies. In addition, cash flows were managed
through liquidity reserves in the form credit lines
granted by domestic and foreign banks, diversification
of investments and liabilities, maturity matching of
receivables and liabilities, and consistent collection of
receivables.
Ensuring necessary financial
sources
In 2008 both the controlling company and the entire
HSE Group were very active in the field of financing,
particularly as regards securing necessary financial
sources under favourable terms for the implementation
of investments, including the investments in the
construction of HPPs on the lower Sava River. Group
companies borrow funds independently in accordance
with the conditions and procedures laid down in the
Decree on the Terms and Conditions and Methods of
Borrowing under Article 87 of the Public Finance Act.
The HSE Group carefully examines various financing
options, and by choosing the most favourable financial
sources reduces the amount of necessary investments
and the costs of financing. In 2008 HSE and the