ANNUAL REPORT OF “TRANSGAZ” MANAGEMENT INDIVIDUAL ...

SNTGN “TRANSGAZ” SA Medias Annual Management Report for 2007
Currently, the engineering activity covers approximately 70% of the total design works
provided in the investment development-modernisation programme and in the NTS
maintenance programme.
The engineering activity is intended to cover approximately 80% of the total design
works necessary for the development of the NTS up to 2009, and to reach 90% in
2011.
In order to achieve such objectives and to extend and improve the research and
engineering activities, the following actions shall be taken:
increase in the number of qualified personnel by attracting highly professional
specialists;
qualification of the personnel by training courses;
carrying on the professional certification of researchers and designers;
endowment of the Research, Engineering and Regulation Department with technical
and scientific means.
The total value of the investment expenses for the period under analysis according to
the approved Revenue and Expense Budget was of lei 188,659.12 thousand, and the
achieved value was of lei 200,849.99 thousand, also including the amount of lei
43,204.33 thousand related to the NTS connection equipment according to the
regulation on the access to the NTS approved by GD no. 1043/2004.
On December 31 st , 2007 the investment expenses were as follows:
*thousand lei *
Forecasted Achieved
‣ Total investment, of which: 188,659.12 200,849.99
• Connection equipment according to the regulation on
the access to the NTS 43,204.33
‣ Investment loan reimbursement 51,825.61 48,415.95
TOTAL 240,484.73 249,265.93
The financing sources for investment expenses were as follows:
*thousand lei *
Forecasted Realizat
‣ Net profit appropriated for own financing 95,980.53 107,489.51
‣ Depreciation 73,904.20 73,448.10
‣ Bank loans: 70,600.00 52,950.00
‣ NTS connection tariff 43,204.33
TOTAL 240,484.73 277,091.94
The key completed and accepted objectives for the NTS development and
modernization in 2007, were as follows:
- Filiasi - Strehaia - Dobeta Turnu Severin gas transmission pipeline;
- transmission pipeline for gas supply to Giurgiu;
- Căpâlna – Stei gas transmission pipeline;
- Modernisation of the Isaccea II – Import Gas Metering Station;
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