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Key performance indicators for 2014

Company KPI Execution

The performance of Rosseti Centre is estimated on the basis of key performance indicators, the structure and planned values of which are approved annually by the Board of Directors of the Company. General Director of Rosseti Centre provides the Board of Directors a report on the achievement of planned values of key performance indicators (hereinafter — KPI) at the end of each year.

Key performance indicators also form the basis of material incentives for General Director and senior management of the Company. General Director and senior managers are rewarded by the results of the implementation of KPIs, depending on the degree of KPIs execution for a reporting period (a year).

Key performance indicators for 2014

KPI name

UOM

Target value*

Performance**

Components of the conditions of bonus payment:
Net profit

thous. RUR

≥ 0

V
Net profit target

thous. RUR

1 925 193

V
Reduction of the cost of acquisition of goods (works, services) per unit of production by at least 10% per year for 3 years in real terms in 2010 prices

%

≥ 100

V
Determining the bonus size:
Operation reliability: average duration of interruption of electric energy transmission

%

1

V
Accounts receivable turnover for electric energy transmission services

days

≤ 88

V
EBITDA

thous. RUR

≥ 14 181 513

V
Growth rate of controllable operating costs in the period to the fact of the previous period

unit

≤ 0,9918

V
Level of energy losses to supply to the grid

%

≤ 9,29

V
Efficiency of investment activity:

 


 


  - execution of schedules of commissioned capacity and the plan for financing and the volume of capital investments, certified with reports of completion of works (by year)

%

>95

V
  - load capacity of the newly commissioned capacity

unit

≥ 0,25

V
Level of quality of services provided:

 


 


  - indicator of the level of quality of grid connection services

unit

1

V
  - indicator of the level of quality of electric energy transmission services

unit

1

V
  - indicator of the level of quality of service

unit

1

V
Efficiency of innovation activity

%

≥ 90

V
Future annual indicators
Operation reliability:

 


 


  - SAIDI

unit

-

-
  - SAIFI

unit

-

-
  - dynamics of the technical condition (∆Health index/∆Cost)

unit/thous. RUR

-

-
Quality of information flow

%

≥ 95

V
Market share of electricity transmission in the regions of the service area

unit

≥ 79

V
Indicative annual indicators
Total shareholder return (TSR)

%

≥ average value of this indicator for the companies included in the MICEX PWR Index at the end of the reporting period

V
Increase/saving of controllable costs over the approved OPEX base in the RAB-regulation system

thous. RUR

311 294

V

* Approved by the resolutions of the Board of Directors of IDGC of Centre dated 26.12.2013 (Minutes # 31/13 of 28.12.2013), dated 18.09.2014 (Minutes # 21/14 of 22.09.2014).

**Approved by the resolution of the Board of Directors of IDGC of Centre dated 23.04.2015 (Minutes # 09/15 of 24.04.2015).