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

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182 The beneficiaries under the transaction are OJSC MMK and OJSC ММК-МЕТIZ. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 11) information support agreement # 150796 between OJSC MMK and LLC «Magnitogorsk Energy Company» on the following terms: • subject – provision of services on information support; • validity – till 31.12.2009; • settlement procedure – based on the actual scope of performed work within 15 days upon receipt of an invoice; • price at the rate of RUB 3.54 (VAT inclusive) per megabyte. The beneficiaries under the transaction are OJSC MMK and LLC «Magnitogorsk Energy Company». The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 12) service agreement # 150820, between OJSC MMK and LLC «Magnitogorsk Energy Company» on the following terms: • subject –maintenance of gas equipment, gas consuming plants and control of execution of work in gas hazardous areas of LLC MEK using gas protection equipment; • validity – till 31.12.2008; • settlement procedure – before the 25th of the month next to the month of service rendering; • price of works in accordance with the estimated charges. The beneficiaries under the transaction are OJSC MMK and LLC MEK. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Morozov A.A., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 13) purchase agreement # 150769 between OJSC MMK and CJSC RMK on the following terms: • subject – purchase and sale of the property located at the address: Magnitogorsk, ul.Kirova, 93, the territory of OJSC MMK’s coke and chemical by-products division; • validity – till 30.12.2007; • settlement procedure – funds transfer to the current amount of CJSC RMK within 30 days from the date of the agreement; • price of the acquired property and property rights at the rate of RUB 9 012 042, 32 (VAT inclusive). The beneficiaries under the transaction are OJSC MMK and CJSC RMK. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 14) Addendum # 5.1 to Equipment Maintenance Agreement # 144139 between OJSC MMK and CJSC RMK on the following terms: • cost of equipment maintenance at OJSC MMK’s coke and chemical by-products division, transferred from CJSC «Standard- К» and LLC «KhDSK» (Khimicheskaya Dorozhno-Stroitelnaya Compania), at the rate of RUB 18 619 000 (VAT inclusive). The beneficiaries under the transaction are OJSC MMK and CJSC RMK. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 15) service agreement # 150111 between OJSC MMK and CJSC RMK on the following terms: • • • • subject – preparation of repair documentation for OJSC MMK’s coke and chemical by-products division; validity – till 31.12.2007; settlement procedure – within 30 days of the signing of the Delivery and Acceptance Certificate for performed works by the parties; price in accordance with the budget agreed by the parties, developed according to price manual of 1987-1991, and the Basic Prices Reference Manual inclusive of the inflation factor. The beneficiaries under the transaction are OJSC MMK and CJSC RMK. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK.
ANNUAL REPORT OPEN JOINT-STOCK COMPANY MAGNITOGORSK IRON & STEEL WORKS SEASON 2007 16) Lease Agreement # 150706 between OJSC MMK and OJSC Magnitogorsk Tzementno-Ogneuporny Zavod on the following terms: • subject – lease of two land lots with the area of 116 331 square meters and 112 895 square meters included in land lot with cadastral number 74:33:13 09 001:0013, located at the following address: Chelyabinsk region, Magnitogorsk, ul.Kirova 93; • validity period– till 31.12.2007; • settlement procedure – by monthly funds transfer to the current account of OJSC MMK before the 25th of the reporting month; • lease charge at the rate of RUR 610 123, 20 (six hundred and ten thousand and one hundred and twenty-three rubles and twenty kopecks) (exclusive of VAT) per month. Beneficiaries under the transaction are OJSC MMK and OJSC Magnitogorsk Tzementno-Ogneuporny Zavod. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 17) Service Agreement # 150830 between OJSC MMK and OJSC Magnitogorsk Tzementno-Ogneuporny Zavod on the following terms: • subject – services for engineering certification of cylinders and tank trucks; • settlement procedure – within 3 days from the date of invoice; • validity period– till 31.12.2008; • price of rendered services according to wholesale (sale) price for OJSC MMK oxygen plant service for engineering certification of cylinders and tank trucks used for cryogenic gases for subsidiaries. Beneficiaries under the transaction are OJSC MMK and OJSC Magnitogorsk Tzementno-Ogneuporny Zavod. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of Directors of OJSC MMK. 18) Additional Agreement to Supply Agreement # 126642 between OJSC MMK and OJSC Magnitogorsk Tzementno-Ogneuporny Zavod on the following terms: • subject – supply of ferruginous dolomite and fines; • quantity of ferruginous dolomite – 470 000 tons; • quantity of fines – 36 000 tons; • delivery date – till 31.12.2007; • settlement procedure – within 30 days after delivery date; • price of ferruginous dolomite - 1 560,0 RUR/t (exclusive of VAT), price of fines – 60 RUR/t (exclusive of VAT). Beneficiaries under the transaction are OJSC MMK and OJSC Magnitogorsk Tzemento-Ogneuporny Zavod. The following persons are recognized as interested or related parties with respect to the company’s transaction: Lyadov N.V., Rashnikov V.F., Senichev G.S., Takhautdinov R.S. The Body which approved the transaction is the Board of directors of OJSC MMK. 19) Supply Agreement # 150866 between OJSC MMK and OJSC Magnitogorsk Tzementno-Ogneuporny Zavod on the following terms: • subject – cement supply; • quantity: 1. slag portland cement 300 in bulk - 100 tons; 2. slag portland cement 300 in sacks - 100 tons; 3. slag portland cement 400 in bulk - 100 tons; 4. slag portland cement 400 in sacks - 100 tons; 5. portland cement 400 in bulk - 20 tons; 6. portland cement 400 in sacks - 20 tons; 7. portland cement 500 in bulk - 30 tons; 8. portland cement 500 in sacks - 30 tons; • delivery date – till 31.12.2008; • settlement procedure – within 30 days after delivery date; • price: 1. slag portland cement 300 in bulk – 951 RUR/t (exclusive of VAT); 2. slag portland cement 300 in sacks – 1288 RUR/t (exclusive of VAT); 3. slag portland cement 400 in bulk – 1108 RUR/t (exclusive of VAT); 4. slag portland cement 400 in sacks – 1444 RUR/t (exclusive of VAT); 5. portland cement 400 in bulk – 1268 RUR/t (exclusive of VAT); 183
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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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128 Exhaustive, precise and timely
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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 146 and 147: 1 # 45. 46. 47. 48. Provisions of t
Page 148 and 149: 1 8 # Provisions of the Code of Cor
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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
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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 175 and 176: ANNUAL REPORT OPEN JOINT-STOCK COMP
Page 181: • settlement procedure - by insta
Page 185 and 186: 24) Services Agreement # 150577 bet
Page 187 and 188: • • • validity period - till
Page 189 and 190: The following persons are recognize
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Page 193 and 194: 61) rental agreement # 152445 betwe
Page 195 and 196: • validity period - from the date
Page 197 and 198: days from the receipt of invoice;
Page 201 and 202: • • • settlement procedure -
Page 203 and 204: The Body which approved the transac
Page 205 and 206: • • • validity period - till
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Page 213 and 214: • settlement procedure - funds tr
Page 215 and 216: 164) paid service agreement # 16001
Page 219 and 220: There are no beneficiaries under th
Page 221 and 222: during the shipment, with a discoun
Page 223 and 224: • supply period - until next Annu
Page 229 and 230: CONSOLIDATED BALANCE SHEETS AS OF D
Page 231 and 232: Note Years ended December 31, 2007
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ASSETS I. NON-CURRENT ASSETS Line c
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LOSS AND PROFIT STATEMENT for 2007
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BREAKDOWN OF INDIVIDUAL PROFITS AND
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3.3 Reporting cycle Date of Publica
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EN10 Percentage and total volume of
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The OJSC MMK’s Annual Report is e
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