The influence of the metallurgical corporation owners’ interests over the financial performances of the parent enterprise (in the case of OJSC “Severstal”)

The article represents the new results of the ongoing researches “The influence of the metallurgical corporation owners’ interests over the national and regional development”, which are carried out in the ISEDT RAS under the direction of Doctor of Economics, Professor V.A. Ilyin. The first article, which dealt with that problem, represented the analysis of the financial and economical activity of the largest ferrous metallurgy corporations in Russia (OJSC “Severstal”, Novolipetsk Steel, Magnitogorsk Iron and Steel Works) with all their segments on the basis of the reports prepared by the international standards. However, those reports didn’t contain sufficient information about the parent enterprises of the corporations. This article analyzes the financial and economic activity of OJSC “Cherepovets Iron and Steel Complex “Severstal”. The analysis is performed according to the annual account submitted in accordance with Russian Accounting Standards (RAS) and published on the official website of the company