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Business activitiesBusiness results in 2007
 Last year was very important for business activities of Plinacro, since this year was the start of the second investment phase (2007-2011) of the Plan of Development, Construction and Modernisation of the Gas Transmission System of the Republic of Croatia. Therefore, one of the crucial tasks for Plinacro was to secure all necessary preconditions for the successful implementation of the Plan. Moreover, the year 2007 was a year in which Plinacro, in compliance with the Business plan for 2007, was set to provide safe and reliable natural gas transmission through the Croatian gas transmission system; organise, train, equip and integrate newly constructed systems in the gas transmission system, and create all technical, technological, personnel, legal and commercial preconditions for the activities of the transmission system operator under the conditions of the liberalised EU market. The overall business activities review in 2007 clearly shows that Plinacro Ltd: - provided safe and reliable transport of all available quantities from the entry in the gas transmission system (entry measuring stations) to the exit from the gas transmission system (exit measuring-reduction stations), in compliance with all legal obligations and regulations;
- successfully integrated newly constructed systems in the gas transmission system;
- has been proven as the Croatian transmission system operator and successfully fulfilled all its contractual obligations;
- performed positive business activities and achieved exceptional financial results:
o income from main activity: 101,02%
o expenditure from main activity: 92,53%
- implemented all crucial preparatory activities and created preconditions necessary for important investments;
- made possible models of implementation and investment study for the approved investment plan (by the Decision of the Ministry of Economy, Labour and Entrepreneurship dtd Nov 14, 2006; class: 310-05/05-01/13; reg. no: 526-04-01-01/1-06-20);
- provided a part of the funds by the European Investment Bank loan and secured a stable and long-term income from the main activity in order to carry out the total investment in the amount of EUR 443 million by 2011;
- intensified company’s activities in all other segments, particularly in the field of development interconnections and international activities. |
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