Слайд



Passengers Shippers

Online ticket purchase

Start typing the name of the station, then select a station from the list

For investors

JSC "NC "KTZ" financial risk management

JSC "NC "KTZ" risk management

The Company recognizes the importance of risk management as a key component of the corporate governance system of the Company and its subsidiaries, aimed at the timely identification and adoption of measures to reduce risks that may negatively affect its value and reputation.

The improvement of the corporate risk management system of the Company is carried out in the framework of the implementation of the Recommendations of the JSC «Samruk-Kazyna», according to which the introduction of the system of corporate risk management is carried out in accordance with the model COSO "Enterprise risk management - Integrated model" .

Liquidity risk management, credit risk to the counterparty-banks

JSC “NC “KTZ” controls liquidity risk in accordance with the requirements of the sole shareholder (JSC «Samruk-Kazyna») on the liquidity risk management. JSC “NC “KTZ” (“the Company”) manages liquidity risk by constant monitoring of the forecast and actual cash flow and comparison of maturities of financial assets and liabilities.

In accordance with the Rules of managing liquidity risk Company on a daily basis analyses current balances of liquid assets and future inflow/outflow of liquid funds on a quarterly basis monitors the liquidity risk and compliance with the thresholds for the financial covenants.

Decision of the management Board of the Company approved limits on direct (balance) and indirect (off-balance) liabilities to the counterparty-banks of JSC “NC “KTZ”. These limits are established in accordance with the Policy of establishing limits on the direct (balance) and indirect (off-balance) liabilities to the counterparty-banks of the companies of JSC «Samruk-Kazyna», approved by the management Board of JSC «Samruk-Kazyna. Company on a monthly basis controls and monitors limits on direct obligations to the counterparty-banks.

Management Board decision approved the maximum country limits. Company on a monthly basis controls and monitors the country limits.

Managing foreign currency risk, interest rate risk

The company is mainly exposed to the risk related to USD exchange rate due to the fact that it attracts borrowings mainly in U.S. dollars. As part of this risk management company on a daily basis monitors currency exchange rates USD / KZT and other factors affecting the exchange rate: rates USD / RUR, USD / EUR, the oil and raw materials price. At the same time in order to control the currency risk related to temporarily free cash management Company controls the level of temporarily free cash, denominated in U.S. dollars.

In accordance with the Risk Management Policy of JSC “NC “KTZ” (approved by the Board of Directors on May 28, 2014 (minutes № 6) The company shall monitor on a quarterly basis the current foreign exchange position of the Company Group and evaluating interest rate risk.

As of March 31, 2015 level of foreign currency position in U.S. dollars was (488 billion) tenge. As of March 31, 2015 position in Swiss franc was (-55 billion) tenge, due to placing 286 million Swiss franc in Eurobonds in Second quarter 2014.

The Company quarterly analyzes the sensitivity of exchange rate risk, sensitivity analysis in relation to interest rates. This information is reflected in a footnote, "Financial instruments and financial risk management objectives and policies” in the format of the audited annual consolidated and separate financial statements of the Company for 2014.

In 2014, the Company entered into a transaction to hedge currency risk associated with the payment of remuneration and principal on Eurobonds of the Company's $ 324 000 000 (three hundred and twenty four million US dollars) with interest rate of 7% per annum, redeemable in May 2016. Transaction hedging currency risk lied with the use of derivative financial instruments - cross-currency swap USD/CHF rate of 6.5% per annum. The deal was made with The Royal Bank of Scotland plc. (UK) in the framework of the signed ISDA master Agreement (2002 Master Agreement and Additions thereto (Schedule) from August 23, 2014.

Decrease in level of a cargo transportation

Deterioration of economic conditions can lead to decrease in range of services on transportation of goods railway transport, to work decline in production, increase in prime cost of the realized production and the rendered services and is negatively reflected in execution of the planned indicators. The company carries out actions to improve efficiency of the activity, to increase level of transit traffic, and also to implement anti-crisis measures (additional cost reduction).

Operational risk management (risk management of safety traffic, labor protection and ecology)

The Group is the owner and operator of the rail infrastructure in Kazakhstan, and also the largest owner and operator of passenger and cargo rolling stock, locomotives in Kazakhstan. In this regard, the Group can be subject to risks of traffic safety, including collisions, descents of a rolling stock in cargo and / or passenger trains on the main routes. For management of this risk JSC "NC" KTZ " realize actions for strengthening of scheduled maintenance on the organization and safety of train service, connected with train service.

Within risk management of operational injuries the JSC «NC «KTZ» enables the realization of actions for safety and labor protection, to prevention of operational injuries and improvement of working conditions, provides obligatory insurance of workers upon accidents at execution of labor (office) duties by it.

Information-technological risks management

The Group uses telecommunications networks and computer systems for coordination of the schedule of the movement and other aspects of its railway operations, and also for conducting accounting, sales of tickets for passenger trains, tracking of cargo delivery and performance of many other functions.

The company takes measures to ensure information security, business continuity of information systems. The company passed certification on compliance to the international ISO / IEC 27001: 2005 standard on information security.






Syndicate content

«NC «KTZ» transformation
«NC «KTZ» transformation
«NC «KTZ» privatization
«NC «KTZ» privatization
© АО «НК «Қазақстан темір жолы»
Политика информационной безопасности
Ваш отзыв очень важен для нас
Оценка дизайна web-сайта
Конкурс Детская улыбка