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Financial Management has the following goals:
 financial planning: long-term, which defines investment policy of the Company as a part of the planning of long-term investments in assets in accordance with long-term business plans of the company development, and short-term, which is aimed at effective management of working capital and short-term liabilities through the budgeting system and treasury-based execution of budgets;
operations in financial markets for mobilization of financing and for allocation of available monetary holdings of the Company;
financial analysis;
insurance of property risks;
preparation of accurate financial statements for shareholders and potential investors.
The Financial policy of the Company is applied through the management of financial resources of the Company and holding companies as a part of an integrated budgeting system and the treasury-based execution of budgets. The budgeting process for all companies of the holding is regulated by standardized procedures, forms and deadlines that generate the consolidated Master-Budget of the holding as a whole.
Loans and bank credits are used for liquidation of gaps in the cash flow during execution of the approved budgets. Borrowed funds are used only for the budgeted financing and only in the approved amounts.
Available monetary holdings are allocated to accumulate the required amount of the short-term targeted financial resources to finance the short-term budgeted liabilities of the Company, and to manage liquidity of the Company in the medium-term to balance liabilities during execution of quarterly and monthly budgets due to seasonal fluctuations in the main activity.
Management of available monetary holdings of the Company is guided by principles of maximum economic efficiency and minimization of financial risks. Monitoring of agent banks leads to selection of only financially sustainable credit organizations from the largest banks of Russia.
Quarterly analysis of financial standing of the Company and holding companies is performed, on the basis of which corrective measures for financial efficiency of the holding resources are formulated.
To minimize property risks during production, the Company holds property insurance from leading Russian insurance companies.
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