1.7 The place and importance of the Department of Finance and Economy in the enterprise jsc "KazTransGas - Almaty"

Department of Economics and Finance - an independent structural unit of Joint-Stock Company "KazTransGas-Almaty", which reports directly to the Finance Director of the Company.

The Department is headed by the Director of the Department of Economics and Finance, who shall be appointed and dismissed by the Chairman of the Board on the proposal of the Finance Director.

Appointment, dismissal, salary issues, the imposition of sanctions and promotion of employees of the Department of Economics and Finance is the Chairman of the Board on the proposal of the Director of the Department and in consultation with the Finance Director.

The structure and staff of the Department of Economics and Finance is established in accordance with the structure and staffing of the Company.

Tasks of Department of economy and finance:

1) Coordination, organization and management of financial and economic activity of Holding;

2) Ensuring economic stability of Holding by development of the budget, control over its performer, managements of expenses;

3) Increase of efficiency of the financial – economic activity of Holding by a rational expenditure material, financial and a manpower through system of the budgetary planning;

Functions of Department of economy and finance:

In the area of the budget formation:

1) Formation of an annual budget of the Company and the consolidated annual budget approved by the Holding Company on the basis of the parameters of the production programs.

2) Approval of the draft budget of the Holding Company oversees the department, with members of the Committee on Business Planning Society, the imposition of the Management Board for approval, with subsequent approval by the Board of Directors.

3) The adjustments to the approved budget of the Holding Company and its coordination with relevant departments in charge of the Company and members of the Committee on Business Planning.

4) Implementation of the ongoing monitoring of budget holding.

5) Control of formation and execution of the budget of the Holding Company, through information on affiliated organizations approved by the indicators, parameters of production programs, and other necessary data.

In the area of economic analysis:

1) Conduct economic analysis of financial - economic activities of the Holding Company, the dynamics of the main economic indicators, the influence of external and internal factors on the activity of the Holding Company.

2) Preparation of analytical monthly, quarterly and annual performance reports for the management of the Company.

3) Analysis of the structure of production, administrative, general expenses other holding. Identification of reserves to reduce material and labor resources.

4) Collection and preparation of other necessary financial - economic information.

5) Participation in the evaluation of cost-effectiveness of the Company's new investment projects, including projects for the reconstruction and modernization of gas transport systems, an event to introduce new techniques and technology innovations.

In the area of ​​monitoring financial performance and financial transactions:

1) Implementation of effective monitoring and analysis of the Holding Company on the basis of financial indicators and the organization of work to improve financial performance in the financial - economic activities of the Holding Company.

2) Monitoring fees for compliance with the approved budget cost of the Holding Company, for the early detection of possible deviations and timely localization.

3) Verification of the compliance requirements of the original documents received by the current legislation and internal rules of operation.

4) Calculation of financial indicators to provide analytical data for monthly, quarterly and annual performance reports for the management of the Company.

In the area of business planning:

1) Formation of the business plans of the Company and the consolidated business plan of the Holding Company.

2) Approval of the draft business plan with the relevant Holding Company oversees the department, with members of the business plan, presenting to the approval of the Management Board with subsequent approval by the Board of Directors.

3) The adjustments to the approved business plan of the Holding Company and its coordination with relevant departments in charge of the Society, with members of the Committee on Business Planning Company.

4) Implementation of the ongoing monitoring of performance of the business plan of the Holding Company.

5) Monitoring the quality of macroeconomic indicators for the formation of a business plan for correction of the Holding Company.

6) Control of formation and execution of the business plan of the Holding Company, consolidation, submission for review and approval of the members of the Committee on Business Planning Company, Chairman of the Board of the Company.

The powers, i.e. Department of Economics and Finance has the right:

1) Access to documents of the Company necessary for the organization and management of financial - economic performance and demand from departments and services of the Company Subsidiaries timely provision of information, materials, reports, required to carry out the functions DEF.

2) endorse and coordinate external correspondence within the competence of the DEF (contracts, reports, certificates).

3) Provide, within its competence 3ih information at the request of individuals, government agencies and organizations, departments of the Company.

4) Participate in the scientific - practical conferences on matters falling within the competence of the DEF.

5) To participate in various programs aimed at training, retraining and skills development.

6) Self-organize and hold meetings on all matters within the competence of the DEF.

7) To represent the interests of the Company in the state bodies, enterprises within the jurisdiction.

8) Involve planned activities for the development of workers' individual divisions of the Company, as well as outside experts.

9) Serve with proposals for the staffing DEF.

10) propose measures to encourage employees DEF.

11) receive benefits and benefits provided by the internal documents of the Company and applicable law.