Annual report 2007 - Magnitogorsk Iron & Steel Works ...

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ANNUAL REPORT OPEN JOINT-STOCK COMPANY MAGNITOGORSK IRON & STEEL WORKS Report of the Board of Directors on the Results of the Company’s Development in the Prioritized Spheres in <strong>2007</strong> SEASON <strong>2007</strong> 17
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DISCLAIMER The present Annual Repor
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Victor Rashnikov, Chairman of the M
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Description Capitalization (as at y
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Content INTRODUCTORY ADDRESS of Vic
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In 2007 the Magnitogorsk Iron and S
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ANNUAL REPORT OPEN JOINT-STOCK COMP
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Human Resources The average payroll
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Using these mills, MMK manufactures
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as regards the organization of thei
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Relations with Local Communities in
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• • • ANNUAL REPORT OPEN JOIN
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10,000 8,000 6,000 4,000 2,000 0 AN
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70 60 50 40 30 20 10 0 Assets Curre
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4 3 2 1 0 Liquidity dynamics of MMK
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In accordance with its borrowing po
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1.0 0.8 0.6 0.4 0.2 Trends in OJSC
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The growing demand and buoyant pric
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8 Major Regional Markets for OJSC M
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70 LLC Uralsibtrade OJSC Uraltrubpr
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72 The changes in the domestic sale
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7 Victor Kutischev, OJSC MMK’s Co
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7 Overview of the Iron Ore and Coal
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• • Expenditures on major capit
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tons thanks to the installation of
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Currency Risk A significant portion
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Goals Planned value Actual value Ac
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The average wages at MMK are 35% hi
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# Causes of injuries 2003 200 200 2
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Environmental Expenditures 2007 saw
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6.00 5.16 5.00 4.00 3.00 2.00 1.00
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Page 128 and 129: 128 Exhaustive, precise and timely
Page 130 and 131: 130 Report on Payment of Declared (
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Page 134 and 135: 13 Information on Equity Capital As
Page 136 and 137: 13 Liubov Gamper, OJSC MMK’s Dire
Page 138 and 139: 138 Audit Committee Chairman of the
Page 140 and 141: 1 0 # 5. 6. 7. Provisions of the Co
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Page 144 and 145: 1 # 31. 32. 33. 34. 35. 36. 37. Pro
Page 146 and 147: 1 # 45. 46. 47. 48. Provisions of t
Page 148 and 149: 1 8 # Provisions of the Code of Cor
Page 150 and 151: 1 0 # 73. 74. 75. Provisions of the
Page 152 and 153: 1 2 Director for Sales Director for
Page 154 and 155: 1 Commercial Director Director for
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Page 160 and 161: 1 0 Protection Policy which regulat
Page 162 and 163: 1 2 Sergey V. Krivoshchekov (born i
Page 164 and 165: 1 - exercises the authorities of th
Page 166 and 167: 1 Victor A. Kutischev (born in 1958
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Page 172 and 173: 172 1. Date of Publication of the L
Page 176 and 177: 17 In 2007 the OJSC MMK Board of Di
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Page 180 and 181: 180 In 2007 OJSC MMK made intereste
Page 182 and 183: 182 The beneficiaries under the tra
Page 184 and 185: 18 6. 7. 8. portland cement 400 in
Page 186 and 187: 18 Rashnikov V.F., Senichev G.S., T
Page 188 and 189: 188 • • • validity period - 2
Page 190 and 191: 190 47) Insurance Agreement # 15170
Page 192 and 193: 192 • subject - alteration of the
Page 194 and 195: 19 Rustamova Z.H., Senichev G.S., T
Page 196 and 197: 19 • • • • • • insuranc
Page 198 and 199: 198 Rashnikov V.F., Senichev G.S.,
Page 200 and 201: 200 • on the 91st day - not less
Page 202 and 203: 202 • rental price - RUR 30,000 p
Page 204 and 205: 20 • validity period - till 04.11
Page 206 and 207: 20 122) Paid Services Agreement # 1
Page 208 and 209: 208 • settlement procedure - prep
Page 210 and 211: 210 • metal scrap price in accord
Page 212 and 213: 212 ensuring performance of OJSC MM
Page 214 and 215: 21 • • • • subject - rental
Page 216 and 217: 21 • • • • subject - contro
Page 218 and 219: 218 The Body which approved the tra
Page 220 and 221: 220 187) additional agreement to th
Page 222 and 223: 222 196) Inter-related transactions
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22 Agreement may relate to the foll
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22 List of Major Transactions
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228 Accounting Statements Prepared
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230 CONSOLIDATED BALANCE SHEETS (CO
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232 BALANCE SHEET
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23 LIABILITIES Line code III. CAPIT
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23 LOSS AND PROFIT STATEMENT for 20
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238 Use of GRI’s Reporting Framew
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2 0 4.9 Procedures used by the supr
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2 2 Annual Report Team General Mana
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