© 2015 grant thornton llc (ukraine) | energy expertise in ukraine | feb 2015 energy expertise in...

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© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

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Page 1: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015

Energy Expertise in Ukraine

February 2015

Page 2: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 2

Contents

Section Page

1. Who we are

3

2. Selected credentials

7

Page 3: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015

Section 1 Who we are

01. Who we are

02. Selected credentials

Page 4: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015

Fast facts

Around 725

officesworldwide

Combined

globalrevenuesUS$4.7bn4.6% growth in 2014

Page 5: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

16OFFICES

$41mREVENUE

52%REVENUE GROWTH BETWEEN 2013 AND 2014

880PEOPLE

OVER

Regional presence

©2015 Grant Thornton International Ltd. All rights reserved

43OFFICES

$61mREVENUE

790PEOPLE

OVER

Cen

tral

east

ern

Eu

rop

e

Commonwealth of Independent States

Ukraine 69PEOPLE

$1.7mREVENUE 2

OFFICES

Page 6: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 6

Our services to energy sector in Ukraine

Grant Thornton Ukraine has extensive experience in rendering a wide range of services to energy sector in Ukraine

Advisory services related to

reorganization

Complex legal and tax and financial advisory support

Development of industry-wide costing

methodology for Ukrainian oil and gas

companies

Development of business plans,

commercial viability analysis, technical

and economic feasibility study and

market study

Experience in cooperation with

financial organizations

(European Commission,

World Bank, IFC, EBRD, other IFIs and

Donors)

Monitoring of changes in energy sector in Ukraine

and in the World on on-going basis

Audit, special audit and due diligence

services

Who we are

Page 7: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 7

Other sectors expertise in UkraineWho we are

We provide tailored services in a way which suits each individual business. However, our working with a wide range of businesses provides our clients with services by a first-hand experience team in many areas

Advisory

Audit and other

Assurance

Accounting Services &

Outsourcing

Tax & Legal Other industries

AgribusinessMunicipal and infrastructure

Energy

Non-for-profit

Growth

Performance

Transmission

TechnologyFinancial services

Hospitality

Retail

Manufacturing

Transportation

Construction

Page 8: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015

Section 2 Selected credentials

01. Who we are

02. Selected credentials

Page 9: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 9

Oil and Gas industryServices related to general issues of the industry

Development of industry-wide costing methodology for oil and gas companies (calculation, accounting and planning of costs of production)

NJSC Naftogaz of Ukraine

Business advisory services

Oil and Gas industry

Audit of financial statement (according to Ukrainian GAAP, IFRS )

NJSC Naftogaz of Ukraine

Audit Services

Oil and Gas industry

Stock-taking of public property for the Ministry of energy and coal industry used by 42 distribution system operators in Ukraine

NJSC Naftogaz of Ukraine

Oil and Gas industry

Business advisory services

Legal services due to the establishment of a number of foreign projects on the distribution of hydrocarbons

NJSC Naftogaz of Ukraine

Legal services

Oil and Gas industry

Commercial analysis of the project sustainability and metrology market research

Metrology centerNJSC Naftogaz of

Ukraine

Business advisory services

Oil and Gas industry

Advices relating to the Ukrainian-Russian negotiations on oil and gas industry

NJSC Naftogaz of Ukraine

Legal and business advisory services

Oil and Gas industry

Participation in the European Commission Program "INOGATE" to develop the concept of reforming Ukraine's gas transit system

European Commission“Inogate”

Business advisory services

Oil and Gas Industry

Consulting services related to assistance and representation of the client in the process of debt restructuring, including developing plan, tools and techniques for restructuring

NJSC Naftogaz of Ukraine

Legal services

Oil and Gas industry

Selected credentials

Page 10: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 10

Oil and Gas industryMidstream

Assisting the Company’s management by advising related to automation of financial statements conversion to IFRS into ERP/SAP-system. Advising on technical accounting matters.

Uktransgas PJSC

Gas industry, TSO and SSO

Business advisory services

Audit of financial statements according to Ukrainian GAAP, IFRS

Ukrtransgas PJSC

Gas industry, TSO and SSO

Audit services

Financial Statements and projections of gas transmission and storage operators in Ukraine (on-going project)

World Bank

Business advisory services

Gas Industry

Consulting related to preparation by JSC Ukrtransgas of Local GAAP first time conversion to IFRS financial statements

Ukrtransgas PJSC

Gas industry, TSO and SSO

Business advisory services

Compilation of financial statements in accordance with IFRS

Mykolaivgaz

Audit services

Gas Industry, local DSO

Compilation of financial statements in accordance with IFRS

Zhitomirgaz

Audit services

Gas Industry, local DSO

Compilation of financial statements in accordance with IFRS

Propangaz

Audit services

Gas Industry, local DSO

Compilation of financial statements in accordance with IFRS

Khmelnitskgaz

Audit services

Gas Industry, local DSO

Compilation of financial statements in accordance with IFRS

Concern Ukrgaz

Audit services

Gas Industry, holding company, gas trader

Consulting related to development of accounting methodology

Ukrtransgas PJSC

Gas industry, TSO and SSO

Business advisory services

Compilation of financial reports of oil transmission operator prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)

Ukrtransnafta PJSC

Oil industry, TSO

Audit services

Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)

Luhganskgaz

Audit services

Gas Industry, local DSO

Selected credentials

Page 11: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 11

Oil and Gas industry

Upstream and Downstream

Compilation of financial reports ofthe largest gas extraction company in Ukraine (State owned) prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)

Ukrgazdobycha

Audit services

Gas Industry, gas extraction

Transfer pricing advisory and other tax advisory services to the largest private gas extraction company in Ukraine

Naftogasdobycha

Tax services

Gas Industry, gas extraction

Vikoil LTD

Audit of financial statements

Assurance services

Confidential - ongoing

Project financing services

Services related to the fundraising for Oil extraction company

Oil extraction

Technical assistance in development of presentation materials to potential investors

Narodna AZS

Advisory services

Petroleum products, retailGas Industry, gas extraction

Midstream (continued)

Reorganization and Restructuring consultingBusiness processes developmentFinancial and tax advisory in order to improve operational efficiency

Naftogazmerezhi

Restructuring services

Gas Industry, local DSO

Audit of financial statements

Naftogasaliance

Audit services

Gas Industry, gas trader

Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)

Zaporozhyegaz

Audit services

Gas Industry, local DSO

Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)

Dnepropetrovskgaz

Audit services

Gas Industry, local DSO

Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)

Gas of Ukraine

Audit services

Gas Industry, Gas trader

Selected credentials

Page 12: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 12

Leading energy companies in Ukraine (selected credentials)Energy

Support, advice, valuation and expertise related to financial and legal issues of investment project of nuclear power plant units’ construction (budget > USD 1bn)

ATOMPROJECTENGINEERING

Financial modeling preparation services

Nuclear energy

Audit of financial statement of NNEGC Energoatom (monopolist at Ukrainian nuclear energy market) prepared according to IFRS

NNEGC Energoatom

Audit services

Nuclear energy

Technical assistance in project’s economic feasibility development

Ukrenergo

Business Advisory Services

Energy

Acting as a legal advisor to one of the leading US engineering companies in the process of implementation of the project of construction of the SFSF Facilities in Ukraine

Holtec International

Legal services

Nuclear fuel and waste management

Development of the business plans, technical and economic feasibility study

Gas metering

Operational improvement services

Actaris Metering Systems SA

Technology and services companies

ATON Group

Transaction services

Feasibility study and review of Poland Heat Engineering market

Heat Engineering

Independent financial Due diligence as part of private placement

Heating equipment production

New Russia Growth

Due diligence services

Selected credentials

Page 13: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 13

District heating and other municipal entities in UkraineSelected credentials

Radisson BLU, Kyiv

Production, distribution of heat and heat water in Lutsk region

Audit of financial statements according to IFRS and preparation of financial statements according to terms of reference of EBRD

SME Lutskteplo Kramatorskteploenergo LLC(Contour Global)

Power generating enterprise, created on the base of Kramatorsk CHP

Grant Thornton provided audit of financial statements according to US GAAP

Teplovodoenergiya PJSC

Water and heat supply in Kamyanets-Podylskiy

Grant Thornton provided audit of financial statements according to Ukrainian GAAP

Assurance services Assurance services Assurance services

Technical assistance in project’s economic feasibility development(on-going project)

Kyivenergo

Electricity, Hot water and district heating supply in Kyiv

Business advisory services

Page 14: © 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015 Energy Expertise in Ukraine February 2015

© 2015 Grant Thornton LLC (Ukraine) | Energy expertise in Ukraine | Feb 2015

Аudit – Tax – Advisory – LawMember firm of Grant Thornton International Ltd.

Contacts

Oleksandr ChalyiPresident of Grant Thornton UkraineT +38 (0) 44 461 97 21Е [email protected]