Information about the Report

Reporting cycle, Report format Annually Annual Report for the period 01.01.2023 to 31.12.2023
Russian Accounting Standards
  • Bank of Russia’s Regulation No. 714‑P “On Disclosure of Information by Issuers of Equity Securities” dated 27 March 2020
  • Corporate Governance Code of the Bank of Russia
  • Resolution of the Government of the Russian Federation No. 1214 dated 31 December 2010 “On Improving the Management Procedure of Open Joint Stock Companies, the shares of which are in federal ownership, and Federal State Unitary Enterprises”
International Reporting Standards
  • International Framework (International Integrated Reporting Standard)
Date of publication of the previous Report June 2023
Boundaries of the Report

Distribution and transmission grid companies of the Posseti Group

The financial and economic performance indicators of the Rosseti Group contained in the Report are presented on the basis of IFRS financial statements

Report Preparation Process

The purpose of the Report is to inform stakeholders about the Rosseti Group’s activities: its strategy and mission, social responsibility and sustainability policies, key events and performance results, and impact on the economy, the public and the environment.

The reliability of the data contained in the Annual Report of the Rosseti Group is confirmed by the Audit Commission of the Company. The Report is approved by the Board of Directors (tentatively) and the Annual General Meeting of Shareholders of PJSC Rosseti.

Disclaimer

This Annual Report has been prepared using the information available to the Rosseti Group at the time of its preparation. The Company believes that the information presented in the Report is complete and reliable at the time of publication of the Report, but does not claim that it cannot be further clarified or revised.

The Report contains forward‑looking statements that reflect expectations of the Company’s management. Actual performance may differ from these projections and estimations due to the influence of numerous objective factors.

The Annual Report contains certain forward‑looking statements regarding the Company’s business operations, financial and economic performance, plans, projects and expected results. The Report may also include estimates of trends in service/product prices, production and consumption volumes, costs, projected expenditures, development prospects and similar factors, as well as industry and market forecasts, start and end dates of individual projects of the Company.

Terms such as “anticipate”, “expect”, “forecast”, “intend”, “aim”, “estimate”, “plan”, “believe”, “consider”, “could”, “will”, along with other similar or analogous expressions, as well as other similar or analogous terms and those used negatively, typically denote a forward‑looking statement. By their nature, forward‑looking statements involve inherent risks and uncertainties, both general and specific, and there is a risk that assumptions, forecasts, projections and other forward‑looking statements may not materialise. The Company cautions that, in light of these risks, uncertainties, and assumptions, actual outcomes might differ materially from those implied directly or indirectly in such forward‑looking statements, which are only accurate as of the date this Annual Report was written.

The Company makes no promises or guarantees regarding the realisation of the results expressed in the forward‑looking statements. The Company disclaims any liability for any losses incurred by individuals or entities that bank on any forward‑looking statements. In each individual case, these forward‑looking statements are simply one of many scenarios that could occur and should not be taken as the most likely one. Except for the cases explicitly stated by the laws, the Company does not undertake a commitment to publish forward‑looking statement updates or amendments based on both new information and subsequent events.