Q U a R T E R L Y R E P O R T Joint-Stock Company Interregional

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Q U a R T E R L Y R E P O R T Joint-Stock Company Interregional Q U A R T E R L Y R E P O R T Joint-Stock Company Interregional Distribution Grid Company of Center and Volga Region The issuer’s code: 12665-E for the IV quarter of 2010 Location of the issuer : 603950, Russian Federation, Nizhny Novgorod city, Rozhdestvenskaya Street, bld.33 Information included in the quarterly report is subject to disclosure in accordance with the Russian Federation legislation on securities General Director Date: 10 February 2011 Ushakov E.V. signature Senior Accountant Date: 10 February 2011 Rodionova I.Yu. signature Contact person: Borovkova Marina Vladimirovna, Senior Specialist of the Division for Financial Investment Management and Information Disclosure under the Department for Corporate Governance of IDGC of Center and Volga Region, JSC Telephone: (831) 431-7400 #30-05 Fax: (831) 431-8391 E-mail: [email protected] Web-site at which the information included in the quarterly report is disclosed: www.mrsk-cp.ru/?id=2933 Contents Contents........................................................................................................................................................................................ 2 Introduction................................................................................................................................................................................... 5 I. Short summary on members of the issuer’s governance bodies, information on bank account, the Auditor, the Appraiser and the issuer’s Financial Consultant as well as other persons having signed the quarterly report .................................................... 6 1.1. Members of the issuer’s governance bodies....................................................................................................................... 6 1.2. Information on the issuer’s bank accounts ......................................................................................................................... 6 1.3. Information on the issuer’s Auditor (auditors) ................................................................................................................... 9 1.4. Information on the issuer’s Appraiser (appraisers)........................................................................................................... 10 1.5. Information on the issuer’s consultants............................................................................................................................ 10 1.6. Information on other persons having signed the quarterly report .................................................................................... 11 II. Main information on financial and economic position of the issuer...................................................................................... 11 2.1. Values of financial and economic activity of the issuer ................................................................................................... 11 2.2. Market capitalization of the issuer ................................................................................................................................... 11 2.3. Issuer’s liabilities............................................................................................................................................................. 11 2.3.1. Payables........................................................................................................................................................................ 11 2.3.2. Credit history of the issuer ............................................................................................................................................ 11 2.3.3. Issuer’s liabilities as of security given to the third party................................................................................................ 12 2.3.4. Other issuer’s liabilities ................................................................................................................................................ 13 2.4. Targets of the issue of securities and the guidelines for application of funds received due to offering of securities ...... 13 2.5. Risks related to acquisition of the securities (offered or to be offered) ........................................................................... 13 2.5.1. Sector specific risks ...................................................................................................................................................... 13 2.5.2. Country and regional risks............................................................................................................................................. 15 2.5.3. Financial risks............................................................................................................................................................... 17 2.5.4. Legal risks..................................................................................................................................................................... 18 2.5.5. Risks related to the activity performed by the issuer ..................................................................................................... 19 III. Detailed information on the issuer ........................................................................................................................................ 20 3.1. History of foundation and development of the issuer....................................................................................................... 20 3.1.1. Information on the business name (brand) of the issuer ................................................................................................ 20 3.1.2. Information on the state registration of the issuer.......................................................................................................... 20 3.1.3. Information on foundation and development of the issuer ............................................................................................ 21 3.1.4. Contacts ........................................................................................................................................................................ 21 3.1.5. Tax Identification Number of the issuer......................................................................................................................... 22 3.1.6. Branches and offices of the issuer................................................................................................................................. 22 3.2. Main business activity of the issuer.................................................................................................................................. 23 3.2.1. Sector-specific identity of the issuer.............................................................................................................................. 23 3.2.2. Main business activity of the issuer............................................................................................................................... 23 3.2.3. Materials, products (raw materials) and suppliers of the issuer ..................................................................................... 23 3.2.4. Product (works, services) markets of the issuer............................................................................................................. 23 3.2.5. Information on licenses available.................................................................................................................................. 24 3.2.6. Joint venture of the issuer.............................................................................................................................................. 26 3.3. Plans of future activity of the issuer ................................................................................................................................. 27 3.4. Participation of the issuer in industrial, banking and financial groups, holdings, concerns and associations ……………27 3.5. Subsidiaries and associates of the issuer .......................................................................................................................... 27 3.6. Composition, structure and cost of fixed assets of the issuer, information on the plans regarding acquisition, replacement, disposal of fixed assets, as well as regarding all the facts of the issuer’s fixed assets encumbrance ................ 33 3.6.1. Fixed assets................................................................................................................................................................... 33 2 IV. Information on financial and economic activities of the issuer ............................................................................................. 33 4.1. Financial and economic performance of the issuer........................................................................................................... 33 4.1.1. Profits and losses .......................................................................................................................................................... 33 4.1.2. Factors which affected the value of proceeds (revenue) from sale of product, works, service and profit (losses) of the issuer from operating activities............................................................................................................................................... 33 4.2. Liquidity of the issuer, adequacy of capital and current assets........................................................................................
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