Annual Report 2012

Major transactions and related-party transactions

In 2012, Acron executed one major transaction.

Acron‘s Board of Directors approved the loan agreement between Acron (the lender) and its subsidiary Acronit (the borrower) for the amount not exceeding RUB 25 billion. The funds shall be used to purchase the shares of Verkhnekamsk Potash Company as part of additional placement of Verkhnekamsk Potash Company shares by private subscription and to finance business operations of Verkhnekamsk Potash Company and North-Western Phosphorous Company.

Related-party transactions approved by Acron’s annual general meeting and the Board of Directors

Contract Number of transactions Actual transaction value (RUB ‘000)
Dorogobuzh
Sales, supply, exchange contracts 10 233,716
Lease agreements 5 163,971
Loan agreements 1 480,000
Tender and paid service contracts 3 8,490
Total transaction value 19 886,177
Acron-Trans
Shipping and forwarding contracts 4 2,578,752
Lease agreements 1 41
Total transaction value 5 2,578,793
Nikulinskoye
Sales, supply, exchange contracts 2 30
Tender and paid service contracts 1 1,117
Lease agreements 1 114
Financial aid agreements 3 69,803
Total transaction value 7 71,064
MSZ-ACRON
Sales, supply, exchange contracts 153 160,313
Lease agreements 2 4,061
Tender and paid service contracts 30 364,007
Total transaction value 185 528,381
North-Western Phosphorous Company
Sales, supply, exchange contracts 5 80,789
Lease agreements 1 13,545
Tender and paid service contracts 2 186
Loan agreements 26 9,595,000
Total transaction value 34 9,689,520
Verkhnekamsk Potash Company
Loan agreements 2 755,000
Agronova International Inc.
Sales, supply, exchange contracts 31 9,716,985
Acron-Remstroy
Sales, supply, exchange contracts 35 29,532
Lease agreements 2 4,848
Tender and paid service contracts 20 259,831
Total transaction value 57 294,211
Acron-Remont
Sales, supply, exchange contracts 68 14,455
Lease agreements 6 10,299
Tender and paid service contracts 66 752,916
Total transaction value 140 777,670
Acron-Service
Sales, supply, exchange contracts 29 5,889
Lease agreements 5 4,689
Tender and paid service contracts 30 331,998
Total transaction value 64 342,576
Acronit
Loan agreements 1 6,749,000
Financial aid agreements 3 820,000
Total transaction value 4 7,569,000
Agronova Europe AG
Sales, supply, exchange contracts 32 17,460,356
Acron Food Production facility
Sales, supply, exchange contracts 3 1,281
Tender and paid service contracts 10 53,393
Lease agreements 3 7,685
Total transaction value 16 62,359
Novgorodsky GIAP
Sales, supply, exchange contracts 1 19
Tender and paid service contracts 44 310,142
Lease agreements 1 1,684
Total transaction value 46 311,845
Acron Medical Centre
Sales, supply, exchange contracts 6 201
Tender and paid service contracts 13 33,680
Lease agreements 2 1,852
Financial aid agreements 1 3,000
Total transaction value 22 38,733
Acron Hotel
Sales, supply, exchange contracts 3 83
Tender and paid service contracts 9 1,870
Financial aid agreements 1 6,000
Total transaction value 13 7,953
NWPC-Remstroy
Tender and paid service contracts 1 66
ENGservice
Lease agreements 1 38
Tender and paid service contracts 13 22,625
Total transaction value 14 22,663
Moscow Stud Farm No.1
Sales, supply, exchange contracts 1 4,066
Loan agreements 7 402,200
Financial aid agreements 2 1,120
Total transaction value 10 407,386
TrustService
Loan agreements 1 15,445,000
Norica Holding S.a.r.l
Loan agreements 1 3,025,481
Acronagrotrans Ltd.
Loan agreements 1 1,232,733
Acronagroservice
Tender and paid service contracts 1 30
Lease agreements 2 113
Total transaction value 3 143
Acron-Invest
Financial aid agreements 1 280
Acronagrotrading
Financial aid agreements 1 800
Gelios Holding
Financial aid agreements 1 350
Plodorodie
Financial aid agreements 10 16,408
Investment Port Company
Financial aid agreements 1 180
Balttrans
Loan agreements 2 580,000
National Institute for Corporate Reform Foundation, non-profit organisation
Financial aid agreements 12 12,300
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