Dynamic pattern of key operational risks of PJSC Rosseti
Risks of critical level
Unacceptable for the Company and subject to priority management
Risks of significant level
Not critical but have a significant impact on the Company’s operations and are subject to management
Risks of moderate level
Do not have a significant impact on the Company’s activities but are subject to periodic monitoring
Not applicable
| Risk index | Risk description | Risk assessment parameters | Materiality levelIntegrated index that takes into account the probability and possible consequences of risk realisation | ||
|---|---|---|---|---|---|
| 2021 | 2022 | 2023 | |||
| Improving the economic efficiency of operations | |||||
| KOR‑001 | Risk of deviation of the volume of electricity transmission services from the value set in the business plan | Revenues | |||
| KOR‑002 | Risk of deviation of the average tariff for electricity transmission services from the value set in the business plan | Revenues | |||
| KOR‑003 | Risk of deviation of the grid connection scope from the target value set in the business plan | Revenues | |||
| KOR‑004 | Risk of deviation of loss purchase costs from the value set in the business plan | Expenses | |||
| KOR‑005 | Risk of deviation of non‑influenceable costs from the value set in the business plan, except for the cost of purchasing electricity to compensate for losses | Expenses | |||
| KOR‑006 | Risk of increase in actual operating expenses from the amount set for the planned period | Expenses | |||
| KOR‑007 | Risk of deviation of the volume of overdue receivables from the volume set in the business plan | Revenues | |||
| KOR‑008 | Risk of deviation of the Debt/EBITDA indicator value from the value set in the business plan | Creditworthiness and liquidity | |||
| KOR‑009 | Risk of deviation of net profit from the value set in the business plan | Net profit | |||
| KOR‑016 | Risk of deviation of labour productivity increase indicator from the value set in the business plan | Labour productivity | |||
| Development UNPG Increased customer satisfaction | |||||
| KOR‑010 | Risk of non‑fulfilment of key parameters of the investment programme | Key parameters of the Investment Programme “Reduction of specific investment costs” indicator | |||
| KOR‑011 | Risk of deviation of the target % reduction of specific investment costs from the one set for the planned period | The Methodology for calculation and assessment of the Key Performance Indicators achieved by the Company’s top managers (to be applied from 1 January 2020) was approved by the decision of the Board of Directors dated 27 December 2019 (Minutes No. 480 dated 27 December 2019). The Methodology now does not include the key performance indicator pertaining to reduction of specific investment costs. | The Methodology for calculation and assessment of the Key Performance Indicators achieved by the Company’s top managers (to be applied from 1 January 2020) was approved by the decision of the Board of Directors dated 27 December 2019 (Minutes No. 480 dated 27 December 2019). The Methodology now does not include the key performance indicator pertaining to reduction of specific investment costs. | The Methodology for calculation and assessment of the Key Performance Indicators achieved by the Company’s top managers (to be applied from 1 January 2020) was approved by the decision of the Board of Directors dated 27 December 2019 (Minutes No. 480 dated 27 December 2019). The Methodology now does not include the key performance indicator pertaining to reduction of specific investment costs. | |
| KOR‑012 | Risk of failure to achieve the target capacity utilisation set for the planned period | Revenues | KOR-012. The scenario conditions for the Company’s business plan do not include the target value of the indicator on ensuring the utilisation of commissioned 35 kV and above transformers (including replacement commissioning) for the third year of operation. | KOR-012. The scenario conditions for the Company’s business plan do not include the target value of the indicator on ensuring the utilisation of commissioned 35 kV and above transformers (including replacement commissioning) for the third year of operation. | KOR-012. The scenario conditions for the Company’s business plan do not include the target value of the indicator on ensuring the utilisation of commissioned 35 kV and above transformers (including replacement commissioning) for the third year of operation. |
| KOR‑014 | Risk of failure to achieve the grid connection service quality established under tariff regulation | Indicator describing grid connection service quality | |||
| Ensuring reliability of energy supply | |||||
| KOR‑013 | Risk of failure to achieve the level of reliability of power transmission services established during tariff regulation | Indicator describing electricity transmission service reliability | |||
| KOR‑015 | Risk of an accident occurred through the fault of the Company | Occupational safety | |||