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Rosseti Volga

June 2, 2010

IDGC of Volga, JSC opens auditing report of the company for 2009, prepared according to the international standards of the financial reporting (IFRS)

In consolidated financial reporting according to IFRS for 2009 the consolidated report on financial position of Group of IDGC of Volga as of the December, 31st, 2009 were presented, consolidated reports on the cumulative income, on changes of the capital and on movement of funds for 2009, comparable indicators of the Group activity for 2008 are given. According to IFRS financial reporting of IDGC of Volga, JSC net profit of the company in 2009 has made 1 305 million rubles. Following the results of a fiscal year the company gain has made 29 484 million rubles, profit before payment of percent, the profit tax and amortization (EBITDA) has made 4 861 million ruble. That on 14,5 % is less, than in 2008. On change of financial results of IDGC of Volga, ISC activity in 2009 in comparison with 2008 has rendered current consumption falling at growth of operational expenses and presence of disputes with the marketing companies (which was reflected in the form of reserves on deferred incomes). In comparison with 2008 cumulative actives of the company have increased on 1,2 % in 2009. Thus cost of extra turnaround actives has made 26 300 million rubles that has made 83 % from all actives of IDGC of Volga, JSC. Cost of turnaround actives has grown on 17 % and has made 5 305 million rubles. Growth of deferred incomes has been caused by increase in debts of the marketing companies before IDGC of Volga, JSC and has made 20%.

 

 

 

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