ANNUAL REPORT OF âTRANSGAZâ MANAGEMENT INDIVIDUAL ...
ANNUAL REPORT OF âTRANSGAZâ MANAGEMENT INDIVIDUAL ... ANNUAL REPORT OF âTRANSGAZâ MANAGEMENT INDIVIDUAL ...
SNTGN “TRANSGAZ” SA Medias Annual Management Report for 2007 7. Craiova Regional Operating Centre, no. 35, Arhitect Ioan Mincu St., Craiova, Dolj County, code 200011; 8. Medias Regional Operating Centre, no. 29, George Cosbuc St., Medias, Sibiu County, code 551027; 9. Constanta Regional Operating Centre, no. 2 bis, Caraiman St., Constanta, Constanta County, code 900117; 10. Constanta Regional Transit Operating Centre, no. 2 bis, Caraiman St., Constanta, Constanta County, code 900117. The mission of TRANSGAZ is represented by: the operation of the National Gas Transmission System under safety and economic efficiency conditions, the NTS rehabilitation, upgrading and development on the main consumption directions; the NTS interconnection with the neighbouring gas transmission systems; the development of international gas transit projects, the implementation of a participative management in all TRANSGAZ fields of actions; the development of corporate culture and professional achievements; the implementation of gas sector regulations; the improvement of the gas transmission activity informatisation and the elaboration of bills and actions to support such bills. EXECUTIVE SUMMARY TRANSGAZ performance ratios Tag no. Ratio MU 2005 2006 2007 Variation % 2006/2005 Variation % 2007/2006 1 Turnover mil. lei 770.12 909.02 1,038.87 118.04 114.28 2 Operating revenue mil. lei 787.77 941.20 1,051.66 119.48 111.74 3 Operating expenses mil. lei 589.76 675.88 780.37 114.60 115.46 4 Gross operating profit mil. lei 198.01 265.32 271.29 133.99 102.25 5 Gross financial profit mil. lei -22.95 20.97 -1.96 - - 6 Tax on profit mil. lei 36.61 48.38 45.32 132.15 93.68 7 Net profit mil. lei 138.45 237.91 224.01 171.84 94.16 8 Gross dividend/share lei 6.88 11.69 9.66* 171.63 83.03 * Dividend proposal 2007 The evolution of the gas amounts circulated and conveyed through the national gas transmission system (NTS) as well as of the technological consumption, under development during 2005-2007, is illustrated below: Page 4 of 54
SNTGN “TRANSGAZ” SA Medias Annual Management Report for 2007 20,000.00 18,000.00 16,000.00 14,000.00 12,000.00 Thousand cm 10,000.00 8,000.00 6,000.00 4,000.00 2,000.00 0.00 2005 2006 2007 Transmitted gas Circulated gas Technological consumption Tag no. Ratio MU 2005 2006 2007 1 Transmitted gas mil cm 16,447.07 15,237.34 14,546.58 2 Circulated gas mil cm 18,140.04 18,313.92 17,029.52 3 Technological consumption mil cm 399.19 388.54 329.72 4 Technological consumption/circulated gas share % 2.20 2.12 1.94 Within the period under analysis, i.e. during 2005-2007, the gas amount transmitted through the NTS registered a downfall due to a decrease in demand on the Romanian gas market. The evolution of the performance ratios for the main services performed by the company on the gas market is as illustrated in the table below: Tag no. Achievements Specifications 2005 2006 2007 Dynamics (%) 0 1 2 3 4 5=3/2 6=4/3 7=4/2 1. Revenues from transmission - thousand cm 16,447,067 15,237,343 14,546,575 92.64 95.47 88.44 - lei 510,193,093 620,810,631 735,133,766 121.68 118.42 144.09 - lei/1000 cm 31.02 40.74 50.54 131.34 124.04 162.91 2. Revenues from transit - lei 219,545,884 212,666,684 190,267,099 96.87 89.47 86.66 3. Revenues from gas deliveries - thousand cm 60,182 86,949 156,764 144.48 180.29 260.48 - lei 36,835,658 71,623,279 110,296,420 194.44 154.00 299.43 - lei/1000 cm 612.07 823.74 703.58 134.58 85.41 114.95 4. Other operating revenues - lei 21,192,860 36,099,371 15,959,401 170.34 44.21 75.31 5. TOTAL OPERATING REVENUES 787,767,495 941,199,965 1,051,656,687 119.48 111.74 133.50 The increase in revenues from the gas transmission activity was determined based on the annual adjustment of the transmission tariffs, mainly influenced by the achieved and commissioned investments, as well as by the progress of inflation. Page 5 of 54
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SNTGN “TRANSGAZ” SA Medias Annual Management Report for 2007<br />
7. Craiova Regional Operating Centre, no. 35, Arhitect Ioan Mincu St., Craiova,<br />
Dolj County, code 200011;<br />
8. Medias Regional Operating Centre, no. 29, George Cosbuc St., Medias, Sibiu<br />
County, code 551027;<br />
9. Constanta Regional Operating Centre, no. 2 bis, Caraiman St., Constanta,<br />
Constanta County, code 900117;<br />
10. Constanta Regional Transit Operating Centre, no. 2 bis, Caraiman St.,<br />
Constanta, Constanta County, code 900117.<br />
The mission of TRANSGAZ is represented by: the operation of the National Gas<br />
Transmission System under safety and economic efficiency conditions, the NTS<br />
rehabilitation, upgrading and development on the main consumption directions; the<br />
NTS interconnection with the neighbouring gas transmission systems; the<br />
development of international gas transit projects, the implementation of a participative<br />
management in all TRANSGAZ fields of actions; the development of corporate<br />
culture and professional achievements; the implementation of gas sector regulations;<br />
the improvement of the gas transmission activity informatisation and the elaboration of<br />
bills and actions to support such bills.<br />
EXECUTIVE SUMMARY<br />
TRANSGAZ performance ratios<br />
Tag<br />
no.<br />
Ratio MU 2005 2006 2007<br />
Variation<br />
%<br />
2006/2005<br />
Variation<br />
%<br />
2007/2006<br />
1 Turnover mil. lei 770.12 909.02 1,038.87 118.04 114.28<br />
2 Operating revenue mil. lei 787.77 941.20 1,051.66 119.48 111.74<br />
3 Operating expenses mil. lei 589.76 675.88 780.37 114.60 115.46<br />
4 Gross operating profit mil. lei 198.01 265.32 271.29 133.99 102.25<br />
5 Gross financial profit mil. lei -22.95 20.97 -1.96 - -<br />
6 Tax on profit mil. lei 36.61 48.38 45.32 132.15 93.68<br />
7 Net profit mil. lei 138.45 237.91 224.01 171.84 94.16<br />
8 Gross dividend/share lei 6.88 11.69 9.66* 171.63 83.03<br />
* Dividend proposal 2007<br />
The evolution of the gas amounts circulated and conveyed through the national gas<br />
transmission system (NTS) as well as of the technological consumption, under<br />
development during 2005-2007, is illustrated below:<br />
Page 4 of 54
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