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Message from the Chairman of the Board of Directors

The share of investment in rolling stock amounted to 92.4% 185 new passenger carriages were bought in 2015 Dear Colleagues, FPC’s performance in 2015 has once again confirmed the strength of our business model. It is pleasing to note that the Company has been recognised as the best subsidiary of Russian Railways by organisational performance in 2015. FPC’s activities are closely interwoven with the national economy. In 2015, the Russian transport services ...


Quality

... efficiency through simulation modelling is implemented in the Moscow passenger carriage depot of FPC’s Northwest Branch. The project is characterised by a new approach to the assessment of efficiency of using production capabilities of FPC’s repair business units based on simulation modelling of carriage repair processes. The simulation model developed at the pilot facility has been adopted as the master model for passenger carriage repairs and will subsequently be rolled out across FPC’s business units. Passenger carriage repairs ...


Company History

... from Moscow to Voronezh entered in the Russian Book of Records as the “year-round regular long-distance train with the largest number of passenger seats” — 1,320 seats. FPC Annual Report awarded for the second time in the Best Presentation of a Business Model for Non-Public Companies category at the Annual Report Competition by the Moscow Exchange. State and Restructuring The Russian Government resolved to reduce the VAT rate applicable to long-distance passenger rail services from 18% to 10% between ...


Committees of the Board of Directors

... performance report; on determining the amount of dividend on shares.; and approval of material transactions by FPC. Evaluate long-term performance of FPC Assess voluntary and mandatory offers for FPC’s securities Review FPC’s financial model and a model for valuation of its business and business segments Consider reorganisation or liquidation of FPC and its controlled entities Consider changes to the organisational structure of FPC and its controlled entities Consider reorganisation of business processes in FPC and its controlled ...


The Company's corporate governance model

JSC FPC’s corporate governance model is built in line with Russian statutory requirements and is a multi-tier system of relationships between participants in ... ... of Directors. To provide the Company’s shareholders with reliable and complete information on the Company’s financial and business activities the Company appoints its Auditor on an annual basis, has the Audit Commission in place, and has set up the ...


Personnel

... personnel recruitment and development. Managers and skilled employees are assessed in accordance with the 5C+L model. The same model was adjusted for activities of front‐line employees and modified into 4C+L.3 In 2015, nearly 24,000 employees were assessed,... ... managers and skilled workforce are delivered by third‐party service providers in order to achieve strategic goals and increase business efficiency of the Company. Professional development courses were taken by 2,800 managers and skilled employees. Expenses ...


International activities

... senior people), to passenger groups (more than two or more than six passengers), to newly wedded couples and on the passenger’s birthday. Discounts ranged from 10% to 50%. Significant progress has been achieved in the reporting year towards a new model of business with foreign partners running rail services to the Russian Federation at the Standard International Passenger Tariff. The new model assumes that settlements between railway administrations are based on contracts rather on the ticket component ...


Innovative Mobility project

... a single optimised chain based on digital solutions. Mobility service concept developed The project’s target and financial models developed Action plan and roadmap for the project’s implementation developed Zoom The development of Innovative Mobility ... ... Mobility elements into their operations, building ecosystems of Innovative Mobility services and applications around their core business of rail transport services. To qualify for the role of a mobility service integrator in the Russian market transport ...


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