Responsibility Statement

We hereby confirm that to the best of our knowledge:

(a) The consolidated financial statements, prepared in accordance with IFRS, give a true and fair view of the assets, liabilities, financial position and profit or loss of RusHydro, and the undertakings included in the consolidation, taken as a whole;

(b) The annual report includes a fair review of the development and performance of the business and position of the Company and the undertakings included in the consolidation, taken as a whole, together with a description of the principal risks and uncertainties that the Company faces.

Chairman of the Management Board – CEO
N.G. Shulginov

Chief Accountant
Yu. G. Medvedeva

Report information

The annual report of the Federal Hydro-Generating Company – RusHydro (or “PJSC RusHydro”, “Company”) 2016 is the twelfth annual report prepared by the Company and addressed to a wide range of stakeholders.

The report reflects the analysis of the activities of RusHydro in the period from 01.01.2016 to 31.12.2016 in the field of strategic and corporate governance, the results of financial and operational activities, as well as activities in the field of sustainability.

The report is prepared on the basis of the requirements:

  • The Central Bank of the Russian Federation (hereinafter – the Bank of Russia),
  • Moscow Stock Exchange,
  • The London Stock Exchange,
  • The UK Disclosure and Transparency Rules for Listing,
  • The Corporate Governance Code (recommended by the Bank of Russia),
  • The Corporate Governance Code of PJSC RusHydro,
  • Provisions on the information policy of PJSC RusHydro,
  • International integrated reporting Framework (partly).

The following terms are used in the report:

  • PJSC RusHydro, Company – PJSC RusHydro (PJSC RusHydro Executive Office and PJSC RusHydro branches);
  • RusHydro Group, Group1, RusHydro, RusHydro Holding – PJSC RusHydro, and subsidiaries;
  • RAO ES EAST Holding, Subgroup RAO ES EAST – RAO ES EAST, PJSC, including the controlled companies.

The report contains information about the plans and intentions of PJSC RusHydro for the medium and long term. The plans are forward-looking in nature and their feasibility depends on a number of economic, political and legal factors which are outside the influence of the Company (the global financial economic and political situation, the situation on key markets, changes in tax, customs and environmental legislation and so forth). For this reason, the actual performance indicators in future years may differ from the forward-looking statements, published in the report.

All supplements to this annual report are located in the Appendices.

In addition to this annual report PJSC RusHydro prepares on a voluntary basis an annual corporate social responsibility and sustainability report in accordance with the Global Reporting Initiative’s Sustainability Reporting Guidelines.

Previous annual reports of PJSC RusHydro and corporate social responsibility and sustainability reports.