![]() Nevertheless, we believe the present annual report will first of all provide all stakeholders with insight into the company’s main lines of development, the tasks facing it, and ways of solving them. Owing to their incommensurability, the comparison of the results of OAO GAZ and GAZ Group activities cannot be drawn to assess the results of the company’s operational and financial activities. There are also plans to include OAO Automobile Plant Ural (OAO AZ Ural), which manufactures all-wheel-drive heavy-duty trucks, and three roadbuilding machinery plants - OAO Bryansk Arsenal, OAO Tverskoy Excavator Plant (OAO TVEKS), and ZAO Chelyabinsk Road-Building Machinery Plant (ZAO ChSDM) - in the Group in 2006. GAZ Group was formed in 2005 as the result of a transfer of a number of industrial assets of OAO RusPromAuto onto the consolidated balance sheet of OAO GAZ. Today GAZ Group is Russia’s largest manufacturer of commercial transport, occupying leading positions not only on the light commercial vehicles and mid-sized truck markets, but also on the bus, diesel engine, and fuel equipment markets. Letter from the Chairman of the Board of Directors Dear shareholders, clients, and partners! We present for your attention the first annual report of GAZ Group - a new automotive industry holding formed in 2005 on the basis of Open JointStock Company Gorky Automobile Plant (OAO GAZ). 65Ĭonsolidated Financial Statements for 2005. 61 5.3 Financial and economic position of GAZ Group. 45 4.2 Full product life-cycle and sustainable development. 43 3.6 Activities of the Board of Directors in 2005. 42 3.4 Human resources and compensation committee. 39 3.1 Report on the activity of the Board of Directors. 35 2.9 Project to set up a Unified Engineering Center (UEC). 30 2.8 A global company in a global market: exports. 14 2.5 Description of main risk factors associated with GAZ Group’s activities. 12 2.4 Main competitive advantages of GAZ Group. 6 1.3 Major Financial Results of the Group for 2005. 4 1.1 Letter from the Chairman of the Board of Directors.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |