2015 results deviated from the target values in five parameters: passenger turnover; revenue from transport services; investments; carriage acquisition; EBITDA margin. The implementation of FPC Development Strategy was influenced by changes in the macroeconomic environment, regulatory decisions by the government, and management decisions made by the management of FPC and RZD Holding. In 2011–2015, macroeconomic indicators were outside the range projected in FPC 2030 Development Strategy. Specifically, cumulative GDP growth rate reached 1.3% by 2015 instead of the ...
... Financial and Economic Departments 30 Payroll compliance with the work scope Actual payroll / payroll as per work scope (%) Managers of the Financial and Economic Departments 31 Investment efficiency Y-o-y change in target ROI in the current period (%) Managers of the Investment Department 32 Target revenue from catering Actual revenue from catering / target revenue from catering (%) Managers of the Passenger Service Department 33 Improvement of passenger service quality in dining carriages Q-o-q change in service ...
... investment programme Failure to comply with the timelines of capital investment and commissioning, along with material changes in the fixed assets’ operating conditions may lead to investment projects results falling short of expectations. Using project management approaches at all stages of investment projects implementation. 4. Risks of costs growing faster than anticipated Growth of suppliers’ prices and the cost of long distance passenger services outruns the growth of transportation fares Accelerated growth of FPC’s suppliers’ ...
... accuracy and integrity of the financial statements of FPC; review the material aspects of FPC’s accounting policies; participate in the consideration of material issues and judgements relating to the financial statements of FPC; approve the draft budget, Investment Programme and relevant performance reports Risk management and internal control Monitor the risk management and internal control systems for reliability and effectiveness; review the effectiveness of risk management and internal control procedures; prepare proposals for their improvement; review and ...
... Directors in 2015 Approved JSC FPC’s budget for 2015–2017 / Approved JSC FPC’s budget for 2016–2018 Approved JSC FPC’s Investment Programme for 2015–2017 Approved the Action Plan for the Stabilisation of JSC FPC’s Financial and Economic Position ... ... Code in 2015–2016 Set traffic safety targets for 2015 Approved JSC FPC’s Anti-Corruption Policy Approved JSC FPC’s Risk Management Policy Approved JSC FPC’s Internal Control Policy Approved JSC FPC’s Code of Ethics Signed an agreement between ...
... competitors, etc; customer segmentation; planning, monitoring and analysis of customer contacts; customer service and support management, which will ultimately lead to more journeys and higher average price of a single rail journey, reduced passenger losses,... ... running between Moscow and Kazan and between Saint Petersburg and Vorkuta in the first half of 2016. Optimization of Rolling Stock Investments In 2015, the Company purchased 185 passenger carriages 80 Talgo carriages acquired to provide high-speed services ...
... stage two overhauls (KR-2) and overhauls with service life extension (KVR), carried out under the RZD Rolling Stock Replacement investment project to upgrade carriages, enhancing passenger rolling stock fire safety. In 2015, a total of 421 carriages were ... ..., and the number of hazardous devices to 498. Occupational Health and Safety In 2015, FPC’s occupational health and safety management system was certified for compliance with the requirements of GOST R 54934-2012 / OHSAS 18001:2007 standard (Occupational ...
... such as economic fluctuations, developments in relationships with governmental bodies and further advancement of the strategic management system within RZD Holding, all had a major impact on FPC’s efforts to achieve the targets set by the strategy and ... ... all actiities amounted to 185.6 RUB billion Passenger turnover amounted to 94.6 billion passenger-kilometres Total amount of investment under the Investment programme amounted to 24.5 RUB billion 274 coach cars were acquired 50 double-decker cars were ...
... Young employees of the Company were active in the round‐table discussion involving the top management of the Company, division managers and trade union representatives. Skills gained at such assemblies will enable young employees to raise their professional ... ... joined the non‐government pension agreement with the Blagosostoyaniye (Welfare) private pension fund. In 2015, the Company invested a total of RUB 635.5 million in private pension plans. The Company provides comprehensive support for its veterans. At ...
