SUEK” Taxpayer Identification Number 7708129854
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Open Joint Stock Company “SUEK” Taxpayer Identification Number 7708129854 QUARTERLY REPORT Open Joint Stock Company “Siberian Coal Energy Company” (“SUEK”) (indicate full company name (for non-profit organizations – name) of the issuer) Issuer’s Code: 0 4 9 0 0 – А for II quarter 2005 Issuer’s location: Building 22, 7 Derbenyovskaya Embankment, Moscow 115114, Russian Federation (indicate the issuer’s location (address of permanent executive body of the issuer (other entity entitled to act on behalf of the issuer without power of attorney)) The information contained in the present quarterly report is subject to disclosure in accordance with the legislation of the Russian Federation on securities General Director of OAO SUEK V.V.Rashevsky (job title of the issuer’s head) (signature) (Name) Date “ 15 ” August 200 5 Director of Accounting, Financial and Economic Control Department - Chief Accountant of OAO SUEK A.G.Push (signature) (Name) Date “ 15 ” August 200 5 seal Contact: Irina Vladimirovna Panyusheva, Legal Adviser of Administration of the Board of Directors (indicate job title, first, patronymic, last name of the issuer’s contact) Telephone: (095) 363 – 20 – 00 (31-45) (indicate the contact’s telephone number (numbers)) Facsimile: (095) 363 – 20 – 00 (31-70) (indicate the issuer’s fax number (numbers)) E-mail: [email protected] (indicate the contact’s e-mail address (if available)) Internet website (websites) disclosing the information http://www.suek.ru/section.phtml?id=51 included in the present quarterly report CONTENTS INTRODUCTION 5 I. Brief information about persons involved in the issuer’s administration bodies, information about the issuer’s bank accounts, auditor, appraiser, financial consultant, and other persons who signed the quarterly report 6 1.1. Persons involved in the issuer’s administration bodies..................................................................................6 1.2. Information about the issuer’s bank accounts ................................................................................................6 1.3. Information about the issuer’s auditor............................................................................................................9 1.4. Information about the issuer’s appraiser .....................................................................................................11 1.5. Information about the issuer’s consultants ...................................................................................................11 1.6. Information about other persons who signed the quarterly report................................................................11 II. Basic information about the financial and economic standing of the issuer 12 2.1. Indicators of the issuer’s financial and economic activity ...........................................................................12 2.2. Market capitalization of the issuer ...............................................................................................................12 2.3. The issuer’s liabilities...................................................................................................................................13 2.3.1. Payables.................................................................................................................................................13 2.3.2. The issuer’s credit history .....................................................................................................................14 2.3.3. The issuer’s liabilities arising from security provided to third persons.................................................19 2.3.4. Other liabilities of the issuer..................................................................................................................19 2.4. Aims of the issue and placement of funds raised from distribution of issued securities..............................19 2.5. Risks related to acquisition of issued securities in floatation (placed) ........................................................19 2.5.1. Industrial risks .......................................................................................................................................19 2.5.2. Country and regional risks.....................................................................................................................19 2.5.3. Financial risks........................................................................................................................................20 2.5.4. Legal risks .............................................................................................................................................20 2.5.5. Risks related to the issuer’s activities...................................................................................................20 III. Detailed overview of the issuer 21 3.1. The issuer’s background...............................................................................................................................21 3.1.1. Information about the issuer’s company name (name)..........................................................................21 3.1.2. Information about state registration of the issuer ..................................................................................21 3.1.3. Information about establishment and development of the issuer ..........................................................21 3.1.4. Contact information...............................................................................................................................21 3.1.5. Taxpayer identification number ............................................................................................................21 3.1.6. Branch offices and representations of the issuer ...................................................................................21 3.2. Principal economic activities of the issuer ...................................................................................................23 3.2.1. Industrial affiliation of the issuer ..........................................................................................................24 3.2.2. Principal economic activities of the issuer ............................................................................................24 3.2.3. Principal types of products (operations, services) .................................................................................25 3.2.4. Raw materials and suppliers of the issuer. ............................................................................................26 3.2.5. Markets for products (operations, services) of the issuer......................................................................26 3.2.6. Information about the issuer’s licenses .................................................................................................27 3.2.7. Joint activities of the issuer ...................................................................................................................29 3.2.8. Additional requirements to issuers representing joint stock investment funds or insurance companies .........................................................................................................................................................................29 3.2.9. Additional requirements to issuers specializing in production of minerals...........................................30 3.2.10. Additional requirements to issuers specializing in communication services ......................................38 3.3. Future plans of the issuer..............................................................................................................................38 3.4. The issuer’s participation in industrial, bank and financial groups, holdings, trusts and associations.........38 3.5. Subsidiaries and affiliated business divisions of the issuer..........................................................................38 2 3.6. Composition, structure and cost of the issuer’s fixed assets, information about its plans to acquire, replace, dispose of fixed assets, as well as all the facts of encumbrance of the issuer’s fixed assets...............................78 3.6.1. Fixed assets............................................................................................................................................73 IV. Information about financial and economic activities of the issuer 75 4.1. Results of the financial and economic activity of the issuer ........................................................................75 4.1.1. Profit and loss........................................................................................................................................80 4.1.2. Factors which affected the change in the amount of proceeds from sale of the issuer’s goods, products, operations and services, and profit (and loss) from the core activity ..............................................................80 4.2. The issuer’s liquidity ....................................................................................................................................76 4.3. Amount and structure of the issuer’s capital and circulating assets ............................................................76 4.3.1. Amount and structure of the issuer’s capital and circulating assets ......................................................76 4.3.2. The issuer’s financial investments.........................................................................................................77