Approved on October 27, 20 08 Registered on (month) (day), 20 State registration number 1 – 0 1 5 5 3 8 5 – Е 2 – 0 1 – 5 5 3 8 5 – Е – by the Board of Directors of (state registration number assigned to the issue (additional issue) of JSC IDGC Holding securities) Federal Financial Markets Service (issuer's body approving (registration authority) the securities prospectus)
(title and signature of the duly authorized employee of the Minutes No. 7 registration authority) of October 27, 20 08 Seal of the registration authority
SECURITIES PROSPECTUS
JSC Interregional Distribution Grid Companies Holding (full corporate name of the issuer)
Uncertificated registered ordinary shares (class, category (type), form and other identification features of securities)
Par value per share: One (1) ruble; quantity of securities: 41,041,753,984 (forty-one billion, forty-one million, seven-hundred fifty-three thousand, nine-hundred and eighty-four) securities (par value (if applicable) and quantity of securities; maturity for bonds and options of the issuer)
Uncertificated registered preference shares (class, category (type), form and other identification features of securities)
Par value per share: One (1) ruble; quantity of securities: 2,075,149,384 (two-billion, seventy-five million, one-hundred forty-nine thousand, three-hundred and eighty-four) securities (par value (if applicable) and quantity of securities; maturity for bonds and options of the issuer)
http://www.e-disclosure.ru/portal/company.aspx?id=13806 (webpage used by the issuer for information disclosure)
The information contained in this securities prospectus is subject to disclosure in accordance with the securities laws of the Russian Federation.
THE REGISTRATION AUTHORITY IS NOT LIABLE FOR THE RELIABILITY OF INFORMATION CONTAINED IN THIS SECURITIES PROSPECTUS AND DOES NOT EXPRESS ITS ATTITUDE TOWARD THE SECURITIES BEING PLACED BY THE FACT OF ITS REGISTRATION. We hereby confirm the reliability of the initial financial (accounting) statements of the issuer as of July 1, 2008, and the conformity of the issuer's accounting procedure with the laws of the Russian Federation. Other information concerning the financial position of the issuer, contained in sections III, IV, V and VIII of this prospectus, was audited as to its conformity in
1 all material respects with the information contained in the audited initial financial (accounting) statements as of July 1, 2008.
Full corporate name of the auditor: NP Consult Closed Joint-Stock Company.
Director General NP Consult Closed Joint-Stock Company ______A. A. Nesterov
Date (month) (day), 2008 Seal
Director General, JSC IDGC Holding ______A. I. Kazakov Date (month) (day), 2008
Chief Accountant, JSC IDGC Holding ______S. V. Makshakov Date (month) (day), 2008 Seal
2
CONTENTS
Introduction 7 I. Brief Information Concerning Individual Members of the Issuer’s Management Bodies, Details of the Issuer’s Bank Accounts, Auditor, Appraiser and Financial 9 Advisor and Other Individuals Who Signed the Prospectus 1.1. Individual Members of the Issuer’s Management Bodies 9 1.2. Bank Account Details of the Issuer 9 1.3. Information Concerning the Issuer’s Auditor(s) 12 1.4. Information Concerning the Issuer’s Appraiser 14 1.5. Information Concerning the Issuer’s Advisor(s) 14 1.6. Information Concerning Other Individuals Who Signed the Securities Prospectus 14 II. Brief Information Concerning Placement Value, Time Limits, Procedure and 15 Conditions for Each Class, Category (Type) of Issue-Grade Securities Being Placed III. Basic Information Concerning the Issuer’s Financial and Economic Condition 16 3.1. Financial and Economic Performance Indicators of the Issuer 16 3.2. Market Capitalization of the Issuer 16 3.3. Liabilities of the Issuer 17 3.3.1. Accounts Payable 17 3.3.2. Credit History of the Issuer 18 3.3.3. Liabilities of the Issuer with Regard to Collateral Furnished to Third Parties 18 3.3.4. Other Liabilities of the Issuer 18 3.4. Goals of Issuance and Ways of Using Proceeds from the Issuance of Issue-Grade 18 Securities 3.5. Risks Associated with the Acquisition of Issue-Grade Securities Being Placed 18 3.5.1. Industry-Specific Risks 19 3.5.2. Country and Regional Risks 20 3.5.3. Financial Risks 22 3.5.4. Legal Risks 24 3.5.5. Risks Associated with the Issuer’s Activities 26 3.5.6. Bank Risks 27 IV. Detailed Information Concerning the Issuer 28 4.1. Establishment History and Development of the Issuer 28 4.1.1. Data Concerning the Issuer’s Corporate Name 28 4.1.2. Information Concerning the Issuer’s State Registration 28 4.1.3. Information Concerning the Issuer’s Establishment and Development 28 4.1.4. Contact Details 30 4.1.5. Taxpayer Identification Number 30 4.1.6. Branches and Representative Offices of the Issuer 30 4.2. Core Business Activities of the Issuer 31 4.2.1. Industry in Which the Issuer Operates 31 4.2.2. Core Business Activities of the Issuer 31 4.2.3. Materials, Goods (Raw Materials) and Suppliers of the Issuer 31 4.2.4. Target Markets for the Issuer’s Products (Work, Services) 31 4.2.5. Information Concerning the Licenses Held by the Issuer 31 4.2.6. Joint Operations of the Issuer 31 4.2.7. Additional Requirements for Issuers From Among Incorporated Investment 32 Funds, Insurers or Lending Institutions, Mortgage Agents 4.2.8. Additional Requirements for Issuers Whose Core Business Is the Extraction of 32 Mineral Resources 4.2.9. Additional Requirements for Issuers Whose Core Business Is the Provision of 32
3 Communication Services 4.3. Plans for Future Activities of the Issuer 32 4.4. Participation of the Issuer in Industrial, Banking and Financial Groups, Holding 32 Companies, Concerns and Associations 4.5. Subsidiaries and Dependent Business Entities of the Issuer 33 4.6. Composition, Breakdown and Value of the Issuer’s Fixed Assets, Information Concerning Plans for the Acquisition, Replacement, Retirement of Fixed Assets and 112 All Evidence of Encumbrance of the Issuer’s Fixed Assets 4.6.1. Fixed Assets 112 V. Information Concerning the Issuer’s Financing and Economic Activities 114 5.1. Financial and Economic Performance of the Issuer 114 5.1.1. Profit and Loss 114 5.1.2. Factors Which Affected the Amount of Revenue from the Sale of Goods, Products, Work, Services by the Issuer and the Issuer’s Profit (Loss) from Operating 114 Activities 5.2. Liquidity of the Issuer, Capital and Current Asset Adequacy 114 5.3. Value and Structure of the Issuer’s Capital and Current Assets 114 5.3.1. Value and Structure of the Issuer’s Capital and Current Assets 114 5.3.2. Financial Investments of the Issuer 116 5.3.3. Intangible Assets of the Issuer 116 5.4. Information Concerning the Policy and Expenses Incurred by the Issuer in the Area of Scientific and Technological Development, in Respect of Licenses and Patents, 116 New Developments and Research 5.5. Analysis of Trends in the Issuer’s Core Business 116 5.5.1. Analysis of Factors and Conditions Affecting the Issuer’s Activities 117 5.5.2. Competitors of the Issuer 118 VI. Detailed Information Concerning Individual Members of the Issuer’s Management Bodies, the Issuer’s Bodies Controlling Its Financing and Economic 119 Activities and Brief Information Concerning the Issuer’s Employees (Personnel) 6.1. Details of the Structure and Jurisdiction of the Issuer’s Management Bodies 119 6.2. Information About Individual Members of the Issuer’s Management Bodies 124 6.3. Information Concerning the Amount of Remuneration, Benefits and/or 149 Reimbursement of Expenses for Each Management Body of the Issuer 6.4. Information Concerning the Structure and Authority of Bodies Exercising Control 149 of the Issuer’s Financing and Economic Activities 6.5. Information Concerning Individual Members of Bodies Exercising Control of the 152 Issuer’s Financing and Economic Activities 6.6. Information Concerning the Amount of Remuneration, Benefits and/or Reimbursement of Expenses for the Body Exercising Control of the Issuer’s Financing 157 and Economic Activities 6.7. Data Concerning Headcount and High-Level Data Concerning the Education and Composition of the Issuer’s Personnel (Employees) and Changes in the Issuer’s 157 Employee (Personnel) Headcount 6.8. Information Concerning Any Obligations of the Issuer to Its Employees (Personnel) Regarding Their Possible Participation in the Authorized Capital of the 157 Issuer VII. Information Concerning the Issuer’s Participants (Shareholders) and Related- 158 Party Transactions Executed by the Issuer 7.1. Information Concerning Total Number of the Issuer’s Participants (Shareholders) 158 7.2. Information Concerning the Issuer’s Participants (Shareholders) Owning at Least 5 Percent of Its Authorized (Share) Capital (Unit Trust) or at Least 5 Percent of Its 158 Ordinary Shares; Information Concerning Participants in (Shareholders of) Such
4 Entities Owning at Least 20 Percent of the Their Authorized (Share) Capital (Unit Trust) or at Least 20 Percent of Their Ordinary Shares 7.3. Information Concerning the Stake Held by the Government or Municipality in the 159 Issuer’s Authorized (Share) Capital (Unit Trust) and Special Right ("Golden Share") 7.4. Information Concerning Restrictions on Participation in the Issuer’s Authorized 160 (Share) Capital (Unit Trust) 7.5. Information Concerning Changes in the Composition and Value of Stakes Held by the Issuer’s Shareholders (Participants) Owning at Least 5 Percent of Its Authorized 160 (Share) Capital (Unit Trust) or at Least 5 Percent of Its Ordinary Shares 7.6. Information Concerning Related-Party Transactions Executed by the Issuer 161 7.7. Information Concerning the Value of Accounts Receivable 161 VIII. Accounting Statements of the Issuer and Other Financial Information 162 8.1. Annual Accounting Statements of the Issuer 162 8.2. Quarterly Accounting Statements of the Issuer for the Most Recently Closed 162 Reporting Quarter 8.3. Consolidated Accounting Statements of the Issuer for the Three Most Recently 162 Closed Fiscal Years or Each Closed Fiscal Year 8.4. Information Concerning the Issuer’s Accounting Policy 163 8.5. Information Concerning Total Exports and Exports as a Percentage of Total Sales 163 8.6. Information Concerning the Value of the Issuer’s Immovable Property and Significant Changes in the Composition of the Issuer’s Property After the Final Date 163 of the Most Recently Closed Fiscal Year 8.7. Information Concerning the Issuer’s Participation in Legal Proceedings if Such Participation Can Have a Material Impact on the Issuer’s Financing and Economic 163 Activities IX. Detailed Information Concerning the Procedure and Conditions for the 164 Placement of Issue-Grade Securities 9.9. Information Concerning Possible Changes in Stakes Held by Shareholders in the 164 Issuer’s Authorized Capital as a Result of Placement of Issue-Grade Securities X. Additional Information Concerning the Issuer and Issue-Grade Securities Placed 165 by the Issuer 10.1. Additional Information Concerning the Issuer 165 10.1.1. Information Concerning the Value and Structure of the Issuer’s Authorized 165 (Share) Capital (Unit Trust) 10.1.2. Information Concerning Changes in the Issuer’s Authorized (Share) Capital 165 (Unit Trust) 10.1.3. Information Concerning the Establishment and Use of the Reserve Fund and 165 Other Funds of the Issuer 10.1.4. Information Concerning the Procedure for Convening and Holding the 165 Meetings of the Issuer’s Supreme Management Body 10.1.5. Information Concerning Profit-Making Organizations in Which the Issuer Owns at Least 5 Percent of Authorized (Share) Capital (Unit Trust) or at Least 5 168 Percent of Ordinary Shares 10.1.6. Information Concerning Material Transactions Executed by the Issuer 189 10.1.7. Information Concerning the Issuer’s Credit Ratings 189 10.2. Information About Each Category (Type) of the Issuer’s Shares 189 10.3. Information Concerning Previous Issuances of Issue-Grade Securities of the 191 Issuer Other than Shares 10.4. Information Concerning Individual(s) Who Provided Collateral Securing Bonds 192 from the Issuance 10.5. Conditions for Securing the Performance of Obligations with Respect to Bonds 192 from the Issuance
5 10.6. Information Concerning Entities Recording the Rights to the Issue-Grade 192 Securities of the Issuer 10.7. Information Concerning Legislative Acts Governing Capital Import/Export 192 Aspects Which May Affect Dividend, Interest and Other Payments to Non-residents 10.8. Description of the Procedure for Taxation of Income from the Issue-Grade 194 Securities (to Be) Placed by of the Issuer 10.9. Information Concerning Declared (Accrued) and Paid Dividend on the Issuer’s 199 Shares and Yield on the Issuer’s Bonds 10.10. Other Information 199 Appendices to the Securities Prospectus Appendix 1. Initial Balance Sheet of the Issuer as of July 1, 2008 200 Appendix 2. Auditors’ Report on the Initial Financial (Accounting) Statements of the 205 Issuer as of July 1, 2008 Appendix 3. Information Concerning the Accounting Policy of the Issuer for 2008 214
6 INTRODUCTION
Brief description of the basic information provided below in the securities prospectus of JSC IDGC Holding (hereinafter the "issuer", "company"): a) basic information about the securities being placed by the issuer in respect of which the prospectus is registered: Not applicable, since the securities prospectus will be registered after the state registration of securities issue reports.
b) basic information about the securities placed by the issuer in respect of which the prospectus is registered: This securities prospectus is registered in respect of two simultaneously registered issues of the issuer's securities.
First issue:
• Class, category (type) of securities: uncertificated registered ordinary shares. • Par value per share: 1 ruble. • Quantity of outstanding shares: 41,041,753,984 shares. • State registration number: 1-01-55385-Е. • Securitization conditions (for secured bonds): this securities prospectus is not registered in respect of secured bonds. • Conversion conditions (for convertible securities): this securities prospectus is not registered in respect of convertible securities.
Second issue:
• Class, category (type) of securities: uncertificated registered preference shares. • Par value per share: 1 ruble. • Quantity of outstanding shares: 2,075,149,384 shares. • State registration number: 2-01-55385-Е. • Securitization conditions (for secured bonds): this securities prospectus is not registered in respect of secured bonds. • Conversion conditions (for convertible securities): this securities prospectus is not registered in respect of convertible securities.
c) principal goals of issue and ways of using proceeds from the placement of issue-grade securities:
JSC IDGC Holding was established as a result of reorganization of Unified Energy System of Russia (hereinafter "RAO UES of Russia") through a spin-off. Reorganization was carried out in accordance with the principal government policies in the electricity industry reform. The principal goal of Russia's electric power industry reform is to increase the efficiency of enterprises representing the industry, create conditions for its development based on the encouragement of investment, ensure reliable and uninterruptible power supply to customers. The issue is aimed at ensuring the exercise of rights of the shareholders owning the issuer's ordinary and preference shares placed through their allocation among the shareholders owning ordinary and preference shares in RAO UES of Russia respectively in the reorganization of RAO UES of Russia. No funds were raised for issue purposes, ordinary shares were not placed by the issuer with 7 a view to finance a certain transaction (inter-related transactions) or other operation. The property received as a result of reorganization is used in the daily business operations of the issuer.
d) other information which the issuer deems necessary to specify in the introduction: Not applicable.
This securities prospectus contains the estimates and forecasts of the duly authorized management bodies of the issuer concerning future events and/or actions, development prospects for the branch of economy in which the issuer conducts its core business and the issuer's performance, including the issuer's plans, the likelihood of certain events and certain actions. Investors should not fully rely on the estimates and forecasts of the issuer's management bodies, since the actual performance of the issuer in the future may differ from forecast performance for many reasons. The acquisition of the issuer's securities is associated with the risks described in this securities prospectus.
8 I. Brief Information Concerning Individual Members of the Management Bodies of JSC IDGC Holding, Details of the Bank Accounts and Auditor of JSC IDGC Holding and Other Individuals Who Signed the Prospectus
1.1. Individual Members of the Management Bodies of JSC IDGC Holding Members of the Board of Directors of JSC IDGC Holding:
Full Name Year of birth
Kirill Gennadievich Androsov 1972 Denis Arkadievich Askinadze 1974 Mikhail Ivanovich Buyanov 1949 Alexander Stalievich Voloshin 1956 Andrei Vladimirovich Dementiev 1967 Alexander Ivanovich Kazakov 1948 Vyacheslav Mikhailovich Kravchenko 1967 Mikhail Yuryevich Kurbatov 1981 Yury Mitrofanovich Medvedev 1949 Gleb Sergeyevich Nikitin 1977 Andrei Natanovich Rappoport 1963 Seppo Juha Remes 1955 Yakov Moiseyevich Urinson 1944 Viktor Borisovich Khristenko 1957 Ilya Arturovich Yuzhanov 1960
THE CHAIRMAN OF THE BOARD OF DIRECTORS is Vyacheslav Mikhailovich Kravchenko.
Collegial executive body is not provided for by the Articles of Association of JSC IDGC Holding.
Individual holding the position of (acting as) the sole executive body of JSC IDGC Holding: Director General
Full Name Year of birth Alexander Ivanovich Kazakov 1948
1.2. Bank Account Details of JSC IDGC Holding Bank account details of JSC IDGC Holding which the Company deems principal: 1. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCE MOSNARBANK (open joint stock company) Short corporate name: EVROFINANCE MOSNARBANK Location: 121099, Moscow, ul. Novy Arbat, d. 29 INN (Taxpayer Identification Number): 7703115760 BIK (Bank Identification Code): 044525204 Correspondent account: 30101810900000000204 Account type Account number settlement account 40702810200004077190
2. Full corporate name: Savings Bank of the Russian Federation
9 Short corporate name: Sberbank Location: 117997, Moscow, ulitsa Vavilova, dom 19 Central head office No. 8641 INN (Taxpayer Identification Number): 7707083893 BIK (Bank Identification Code): 044525225 Correspondent account: 30101810400000000225 Account type Account number settlement account 40702810138360026758
3. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCE MOSNARBANK (open joint stock company) Short corporate name: EVROFINANCE MOSNARBANK Location: 121099, Moscow, ul. Novy Arbat, d. 29 INN (Taxpayer Identification Number): 7703115760 BIK (Bank Identification Code): 044525204 Correspondent account: 30101810900000000204 Account type Account number US dollar current account 40702840800004077191
4. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCE MOSNARBANK (open joint stock company) Short corporate name: EVROFINANCE MOSNARBANK Location: 121099, Moscow, ul. Novy Arbat, d. 29 INN (Taxpayer Identification Number): 7703115760 BIK (Bank Identification Code): 044525204 Correspondent account: 30101810900000000204 Account type Account number US dollar transit account 40702840700004077181
5. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCE MOSNARBANK (open joint stock company) Short corporate name: EVROFINANCE MOSNARBANK Location: 121099, Moscow, ul. Novy Arbat, d. 29 INN (Taxpayer Identification Number): 7703115760 BIK (Bank Identification Code): 044525204 Correspondent account: 30101810900000000204 Account type Account number Euro current account 40702978500004077198
6. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCE MOSNARBANK (open joint stock company) Short corporate name: EVROFINANCE MOSNARBANK Location: 121099, Moscow, ul. Novy Arbat, d. 29 INN (Taxpayer Identification Number): 7703115760 BIK (Bank Identification Code): 044525204 Correspondent account: 30101810900000000204 Account type Account number Euro transit account 40702978400004077188
7. Full corporate name: Savings Bank of the Russian Federation Short corporate name: Sberbank 10 Location: 117997, Moscow, ulitsa Vavilova, dom 19 Central head office No. 8641 INN (Taxpayer Identification Number): 7707083893 BIK (Bank Identification Code): 044525225 Correspondent account: 30101810400000000225 Account type Account number US dollar current account 40702840438360026758
8. Full corporate name: Savings Bank of the Russian Federation Short corporate name: Sberbank Location: 117997, Moscow, ulitsa Vavilova, dom 19 Central head office No. 8641 INN (Taxpayer Identification Number): 7707083893 BIK (Bank Identification Code): 044525225 Correspondent account: 30101810400000000225 Account type Account number US dollar transit account 40702840738361026758
9. Full corporate name: Savings Bank of the Russian Federation Short corporate name: Sberbank Location: 117997, Moscow, ulitsa Vavilova, dom 19 Central head office No. 8641 INN (Taxpayer Identification Number): 7707083893 BIK (Bank Identification Code): 044525225 Correspondent account: 30101810400000000225 Account type Account number Euro current account 40702978038360026758
10. Full corporate name: Savings Bank of the Russian Federation Short corporate name: Sberbank Location: 117997, Moscow, ulitsa Vavilova, dom 19 Central head office No. 8641 INN (Taxpayer Identification Number): 7707083893 BIK (Bank Identification Code): 044525225 Correspondent account: 30101810400000000225 Account type Account number Euro transit account 40702978338361026758
11. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCE MOSNARBANK (open joint stock company) Short corporate name: EVROFINANCE MOSNARBANK Location: 121099, Moscow, ul. Novy Arbat, d. 29 INN (Taxpayer Identification Number): 7703115760 BIK (Bank Identification Code): 044525204 Correspondent account: 30101810900000000204 Account type Account number corporate card account 40702810400004077039
11
1.3. Information Concerning the Issuer's Auditor(s): Given that the issuer has conducted its business since July 1, 2008, and as of the date of approval of this prospectus the accounting statements for quarter 3 of 2008 are not yet due, provided below is information concerning the issuer's auditor, which audited the financial (accounting) statements of the issuer as of July 1, 2008, and prepared the relevant auditors' report.
Full corporate name NP Consult Closed Joint-Stock Company Short corporate name ZAO NP Consult Location of the auditing firm 115191, Moscow, Dukhovskoi per, d.14 Telephone and fax Tel. (495) 952-10-41; fax: (495) 954-47-26 E-mail [email protected] Number, date of issuance and License to perform audit activities No. Е004289 dated period of the license to perform May 15, 2003; valid until May 15, 2013 audit activities Issuing authority Ministry of Finance of the Russian Federation Financial period for which the The auditor conducted an independent audit of the auditor conducted an independent initial financial (accounting) statements of the issuer as audit of the initial financial of July 1, 2008. (accounting) statements of the issuer
Factors which can affect the independence of the issuer's auditor, including information about significant interests linking the auditor (executives of the auditor) and the issuer (executives of the issuer): such factors, including significant interests linking the auditor (executives of the auditor) and the issuer (executives of the issuer), are not applicable. - stakes held by the auditor (executives of the auditor) in the authorized capital of the issuer: the auditor and its executives do not own any stakes in the authorized capital of the issuer; - provision of borrowings to the auditor (executives of the auditor) by the issuer: the issuer did not provide any borrowings to the auditor (executives of the auditor); - close business relationship (participation in promoting the issuer's products (services), participation in joint entrepreneurial activities, etc) and family relationship: the issuer has neither close business relationship nor family relationship with the auditor; - information concerning the issuer's executives who are simultaneously the auditor's executives (auditors): the issuer's executives are not simultaneously the auditor's executives (auditors).
Measures taken by the issuer and auditor to reduce the above-mentioned factors: the auditor is not a shareholder of the issuer, the issuer is not a shareholder of the auditor, the issuer's Chief Accountant is not an employee of the auditor, the auditor and the issuer did not enter into any loan/credit agreements.
The issuer and the auditor act within the Russian laws, specifically in accordance with Federal Law No. 119-FZ dated August 7, 2001, "On Auditing", Article 12 of which requires that the auditor be fully independent from the issuer, and the amount of the auditor's fee did not depend on the audit results. The principal measure taken by the issuer and the auditor to reduce mutual dependence is the process of thorough review of independence of the auditor candidate from the issuer. The issuer and the issuer's auditor interact in full compliance with the requirements of Article 12 of Federal Law No. 119-FZ dated August 7, 2001, "On Auditing", the amount of the auditor's fee does not depend on the results of conducted audits.
12 Procedure for the Selection of Auditor by the Issuer
Bidding process related to auditor selection and its key terms By Order No. 36 of the Director General dated September 2, 2008, JSC IDGC Holding established a permanent commission for organizing procurements in the field of corporate, legal and property relations (hereinafter the "Commission") and approved the Commission Regulations. The roles of the Commission include approving the methods and procedures for procuring services in the field of corporate, legal and property relations, organizing and conducting procurement procedures, forming criteria for assessing submitted requests and identifying the winner in accordance with the approved procedures. When selecting the auditor for the provision of services related to the independent audit of the initial accounting statements of JSC IDGC Holding and the verification of information contained in the securities prospectus of JSC IDGC Holding, the Commission used the method of public request for proposals. Based on the submitted proposals, the winner in the public request for proposals for the execution of agreement with JSC IDGC Holding for the provision of auditing services related to the independent audit of the initial accounting statements of JSC IDGC Holding (including the submission of auditors' report) and the verification of information contained in the securities prospectus of JSC IDGC Holding as to its compliance in all material respects with the audited information from financial (accounting) statements was ZAO NP Consult.
Procedure for submitting the auditor candidate for approval by the meeting of shareholders (participants), including the management body adopting the relevant decision. In accordance with Article 14.2 of the Articles of Association of JSC IDGC Holding the auditor of the Company is recommended by the Board of Directors of the Company for approval by the General Meeting of Shareholders after bidding-based selection of auditing firms for conducting mandatory audits of the Company in accordance with the procedure approved by the Board of Directors of the Company. The General Meeting of Shareholders approves the auditor (auditing firm) of the Company.
Information concerning work performed by the auditor as part of special engagements. Not applicable.
Procedure for determining the amount of the auditor's fee, the actual amount of fee paid by the issuer (Company) to the auditor for each fiscal year or other reporting period for which the auditor conducted an independent audit of accounting records and financial (accounting) statements of the issuer (Company); information about deferred and past due payments for the services provided by the auditor. In accordance with the Articles of Association the amount of the auditor's fee is determined by the Board of Directors of the Company. Service fee and the procedure for payment for the auditor's services are specified in the agreement between the issuer and the auditor and calculated based on the time spent on the audit and the number of employees involved in auditing the financial (accounting) statements of the issuer.
The actual amount of fee paid by the issuer to the auditor for each fiscal year or other reporting period for which the auditor conducted an independent audit of accounting records and financial (accounting) statements of the issuer: The actual amount of the auditor's fee for the provision of services related to the independent audit of the initial accounting statements of JSC IDGC Holding and the verification of information contained in the securities prospectus of JSC IDGC Holding as to its compliance
13 in all material respects with the audited information from financial (accounting) statements was 1,180,000 rubles (inclusive of VAT).
Information concerning deferred and past due payments for the services provided by the auditor: Not applicable.
1.4. Information Concerning the Issuer’s Appraiser The issuer did not retain the appraiser(s) for: determining the market value of securities being placed; determining the market value of property collateralizing the secured bonds of the issuer; providing any other appraisal services related to the issue of the securities information about which is specified in the securities prospectus.
1.5. Information Concerning the Issuer’s Advisor(s) Neither the financial advisor in the securities market nor other individuals providing advisory services to the issuer in relation to the securities issue were retained.
1.6. Information Concerning Other Individuals Who Signed the Securities Prospectus: Full name: Sergei Vladimirovich Makshakov. Year of birth: 1963 Primary employer: JSC IDGC Holding. Position: Chief Accountant.
Other individuals signing this securities prospectus not specified in the previous paragraph of this section: not applicable.
14 II. Brief Information Concerning Placement Value, Time Limits, Procedure and Conditions for Each Class, Category (Type) of Issue-Grade Securities Being Placed In accordance with paragraph 14 of Article 22 of Federal Law No. 39-FZ "On Securities Market" dated April 22, 1996, and paragraph 4.4 of the Regulations for the Disclosure of Information by Issue-Grade Securities Issuers, approved by Decree of the Federal Financial Markets Service of Russia No. 06-117/pz-n dated October 10, 2006, this section is not completed since the securities prospectus is registered after the state registration of issuance of issue-grade securities.
15 III. Basic Information Concerning the Financial and Economic Condition of JSC IDGC Holding
3.1. Financial and Economic Performance Indicators of JSC IDGC Holding
The financial and economic performance indicators of the issuer for the 5 most recently closed fiscal years or each closed fiscal year and as of the final date of the most recently closed reporting period up to the date of approval of the securities prospectus are not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 were not due.
Indicators as of July 1, 2008, as specified in the initial balance sheet.
Indicator As of July 1, 2008 Net asset value, rubles 238,693,595,358.17
Raised funds to equity and reserves ratio, % 3.339 Short-term liabilities to equity and reserves ratio, % 3.339
Debt settlement ratio, % - Past due debt rate, % 0
Receivables turnover, number of times - Dividend payout ratio, % - Labor productivity, rubles/person - Depreciation to revenue ratio, % -
Note: The issuer was established as a result of reorganization of RAO UES of Russia through a spin-off on July 1, 2008, and as of the date of approval of this prospectus the accounting statements for quarter 3 of 2008 are not yet due. Raised funds to equity and reserves ratio and short-term liabilities to equity and reserves ratio, characterizing the extent to which the issuer depends on borrowings, account for 3.339 %. It means that the issuer depends on borrowings to a minor extent. Debt settlement ratio, receivables turnover, dividend payout ratio, labor productivity and depreciation to revenue ratio are not provided due to the lack of accounting statements of the issuer for 2007.
The solvency and financial standing of the issuer can not be analyzed, since the indicators as of July 1, 2008, do not reflect their evolution.
3.2. Market Capitalization of JSC IDGC Holding Information concerning the issuer's market capitalization for the 5 most recently closed fiscal years or each closed fiscal year and as of the final date of the most recently closed reporting period up to the date of approval of the securities prospectus are not specified herein since the issuer was established on July 1, 2008. Since the issuer's shares were and are not traded in the securities market, the market capitalization of the issuer can not be determined using the methods specified in the Regulations for the Disclosure of Information by Issue-Grade Securities Issuers, approved by Decree of the Federal Financial Markets Service of Russia No. 06-117/pz-n dated October 10, 2006 (as amended).
16
3.3. Liabilities of JSC IDGC Holding
3.3.1. Accounts Payable Information for the 5 most recently closed fiscal years or each closed fiscal year is not provided since the issuer was established on July 1, 2008. Provided below are indicators specified in the initial balance sheet of the issuer as of July 1, 2008.
Indicator As of July 1, 2008 Total value of accounts payable by the issuer, rubles 7,726,325,532.46 Total value of past due payables payable, rubles 0
Breakdown of accounts payable by the issuer as of July 1, 2008.
Maturity Type of accounts payable one year or less more than one year Accounts payable to suppliers and contractors, 266.67 0 rubles including past due payables, rubles 0 X Accounts payable to the personnel of the 0 0 entity, rubles including past due payables, rubles 0 X Accounts payable to the budget and extra- 0 0 budgetary public funds, rubles including past due payables, rubles 0 X Loans, rubles 0 0 including past due payables, rubles 0 X Total loans, rubles 0 0 including past due payables, rubles 0 X including bond loans, rubles 0 0 including past due bond loans, rubles 0 X Other accounts payable, rubles 7,726,325,265.79 0 including past due payables, rubles 0 X Total, rubles 7,726,325,532.46 0 including past due payables, rubles 0 X
As of July 1, 2008, none of the creditors accounted for at least 10% of total value of accounts payable.
3.3.2. Credit History of the Issuer The issuer did not execute any credit agreements or loan agreements the principal under which is 5 percent or more of the book value of the issuer’s assets as of the final date of the most recently closed reporting quarter preceding the execution of the relevant agreement or other credit agreements (loan agreements) which the issuer deems material from the date on which the issuer is established to the date of approval of this securities prospectus. The issuer did not issue bonds.
3.3.3. Liabilities of the Issuer with Regard to Collateral Furnished to Third Parties
17 This paragraph is not completed since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
3.3.4. Other Liabilities of the Issuer JSC IDGC Holding (the issuer) did not execute any other agreements, including term transactions not recorded in its initial balance sheet which may materially affect the financial standing of the issuer, its liquidity, sources of funding and conditions for its use, performance and expenses.
3.4. Goals of Issuance and Ways of Using Proceeds from the Issuance of Issue-Grade Securities JSC IDGC Holding was established as a result of reorganization of Unified Energy System of Russia (hereinafter "RAO UES of Russia") through a spin-off. Reorganization was carried out in accordance with the principal government policies in the electricity industry reform. The principal goal of Russia's electric power industry reform is to increase the efficiency of enterprises representing the industry, create conditions for its development based on the encouragement of investment, ensure reliable and uninterruptible power supply to customers. The issue is aimed at ensuring the exercise of rights of the shareholders owning the issuer's ordinary and preference shares placed through their allocation among the shareholders owning ordinary and preference shares in RAO UES of Russia respectively in the reorganization of RAO UES of Russia. No funds were raised for issue purposes, ordinary shares were not placed by the issuer with a view to finance a certain transaction (inter-related transactions) or other operation. The property received as a result of reorganization is used in the daily business operations of the issuer.
3.5. Risks Associated with the Acquisition of Issue-Grade Securities Being Placed The issuer’s performance is affected by a number of factors which the issuer is unable to control fully. Although these are mostly macroeconomic factors impacting all enterprises, certain business aspects can be especially "sensitive" to certain risk factors. The list provided below is incomplete since there are other factors which are currently negligible, but later can have a material adverse impact on the issuer’s activities, thus affecting its profit, assets, capital, liquidity and solvency. For the purposes of reducing risk impact on the issuer’s activities in the future, the issuer plans to develop and approve risk management program, which will include the list of risks and activities aimed at managing such risks. The implementation of risk management system will allow increasing the issuer’s market value by developing and using uniform and consistent approach to risk identification, assessment and management; promptly responding to risky events, monitoring changes in the external and internal environment; organizing targeted risk management activities for the purpose of reducing risks to an acceptable level or transferring them to third parties.
3.5.1. Industry-Specific Risks The issuer carries out corporate management of its subsidiaries and dependent companies, i.e. Interregional Distribution Grid Companies (hereinafter "IDGCs", "SDCs"). As a result, the issuer’s risks derive from the risks (including industry-specific risks) incurred by the IDGCs it manages. IDGCs incur industry-specific risks primarily as a consequence of the tariff-setting system used by the industry, which solves only economic (encouragement of production and investments) and, to a certain extent, political issues: tariffs for electricity transmission services are governed by the state.
18 Higher level of tariffs for services related to electricity transmission by distribution grid companies compared with JSC FGC UES service tariff causes risks associated with large customers switching to JSC FGC UES, specifically through the construction of alternative power grid facilities. In the future, these factors can reduce the scope of electricity transmission services provided by IDGCs. Furthermore, the risks faced by the issuer and the IDGCs being managed are associated with the fact that the process of electric power industry reform and the formation of the target system of electricity industry regulation, including the activities of grid entities, have not been completed. In particular, the target rules of functioning of retail electricity (capacity) markets have not been adopted yet and the rules of the transitional period still apply. To manage these risks, the issuer takes an active part in developing the regulations governing the activities of the IDGCs it manages, including regulations on tariff-setting, and grid companies providing services related to electricity and engineering connection to electric grids.
According to the issuer, the deterioration of the industry situation affecting the activities of the IDGCs being managed can be caused by: 1. Operational (production) risks associated with equipment wear, service troubles and critical changes in its operating parameters. These risks can cause equipment failure (accidents) and the destruction of structures. Systemic accidents can lead to power system islanding, rolling blackouts, critical mode of operation of the primary equipment. Risk management in the field of compliance with industrial safety requirements as part of managing production risks incurred by the IDGCs managed by the issuer is ensured due to compliance with the federal laws in the area of industrial safety and the secondary system of production control of compliance of the above-mentioned enterprises with industrial safety requirements. 2. Risks associated with the construction of alternative power grid facilities by large customers. In the future, the construction of alternative power grid facilities by large customers can reduce the scope of electricity transmission services provided by IDGCs. To neutralize this risk, IDGCs intensely interacts with customers with a view to create mutually beneficial partnership. Additional actions performed by IDGCs to mitigate the above-mentioned risks: - improving operational performance through the implementation of programs aimed at reducing production costs and saving money; - increasing the share of long-term contracts for the provision of electric power transmission services in total number of executed contracts; - reasonable financial policy. 3. Risk associated with the uncertainty of threshold for the provision of electricity transmission services. The risk associated with service threshold uncertainty is caused by the lack of economic development plans in certain constituent entities of the Russian Federation and municipalities specifying trends in electric power consumption growth in a certain period. The above-mentioned circumstances make it impossible to accurately forecast the amount of industry investments capable of meeting growing mid- and long-term electricity demand. This risk mostly affects the performance of obligations for the provision of electricity transmission services. This risk is minimized by means of the following activities: - interaction with government authorities of the constituent entities of the Russian Federation and local authorities aimed at forming mid- and long-term plans of economic development of the region; - protection of electricity transmission tariffs before duly authorized government bodies with due account for its investment component aimed at increasing the transmission capacity of electric grid equipment. In view of the above, the issuer believes that possible deterioration of situation in the industry in which IDGCs function, negative changes during the operation and development of electric grid facilities, the construction of alternative power grid facilities by large customers can affect the 19 activities of IDGCs, but are not expected to materially impact the performance of securities-related obligations by the issuer.
Risks associated with possible changes in the prices of the raw materials and services used by the issuer in its activities and their impact on the issuer’s activities and the performance of securities-related obligations:
Since the issuer does not perform any direct operating activities in the industry, the risks associated with possible changes in the prices of the component parts and services used by the issuer are negligible. However, to minimize the risk concerned the issuer will purchase services from external entities in the competitive market whenever possible.
Risks associated with possible changes in the prices of the issuer’s services and their impact on the issuer’s activities and the performance of securities-related obligations:
Since the issuer’s core business is corporate management of IDGCs and the issuer does not provide any services to third parties in the market, the risks associated with possible changes in the prices of the issuer’s services are not incurred.
3.5.2. Country and Regional Risks Since JSC IDGC Holding does not perform any operating activities and is only in charge of corporate management of IDGCs, country and regional risks are primarily incurred by the SDCs of the Company.
Risks associated with political and economic situation
Country risks IDGCs perform business operations almost throughout the Russian Federation. Therefore, their activities are potentially subject to risks associated with changes in the general economic situation in the country and changes in the political and economic environment. Since the world economy is currently in a recession, resulting in liquidity crisis in both global and domestic financial markets, Standard & Poor’s, an international rating agency, lowered its forecast for the sovereign credit ratings on the Russian Federation of September 19, 2008, from Positive to Stable and on October 23, 2008, from Stable to Negative. Rating downgrade was caused by the expectation of increasing costs of the Russian Federation Government in connection with rendering support to lending institutions in an environment of growing capital outflow, undermining the level of confidence in the financial system. Negative forecast also reflects the growing likelihood of trend towards budget deficit beginning in 2009, which is opposite to the previous situation of sustainable reduction of government debt. At the same time, long-term credit ratings for foreign currency debt (ВВВ+) and debt denominated in national currency (А-) as well as short-term sovereign credit ratings (А-2) were affirmed in both cases. The national scale credit rating (ruAAA) was affirmed, too. Recent events in September and October 2008 related to global economic recession showed that Russia’s economy is not protected against market downturns and economic slowdown in other countries. As has already happened before, financial issues or high sensitivity to risks associated with investment in emerging economies can reduce the amount of foreign investments in Russia and adversely affect the Russian economy. Furthermore, since Russia produces and exports large volumes of natural gas and oil, the Russian economy is especially vulnerable to changes in global natural gas and oil prices and dropping natural gas and oil price can slow down or shake Russia’s economic development. These events can restrict capital access and adversely affect the purchasing power of product consumers. To mitigate the effect of the
20 above-mentioned factors on the issuer’s activities, it is planned to reduce debt funding for operating activities. It should also be noted that an important part of the current government policy is electricity industry reform, which is currently being completed. The likelihood of change in domestic policy and changes in electricity industry regulation principles and priorities can adversely affect the plans of attracting strategic investments in further industry development and significantly slow down or suspend further market transformations in the industry. In particular, the results of electric power industry reform and electricity market liberalization can be suspended or debated. However, the issuer believes that this risk is unlikely to be incurred.
Regional risks Regional risks in the operations of IDGCs are primarily associated with partial non- inclusion of declared economically feasible expenses in the tariff by the duly authorized government tariff-setting body. This circumstance can considerably impact the implementation of the investment program of IDGCs. For the purpose of mitigating the effect of regional risks on investment program implementation, IDGCs on an ongoing basis interact with government authorities in respect of their actions related to investment projects. Negative changes in the situation of the regions in which IDGCs operate which can adversely affect its activities and economic status are not expected in the near future.
Expected behavior of the issuer in the event of adverse effect of changes in the situation in the country (countries) and region on its activities Most of these risks can not be controlled by IDGCs and the issuer itself due to their scope. In the event of destabilization of political and economic situation in Russia or any given region, which can adversely affect the activities of the issuer’s SDCs, the situation will be analyzed on a case-by-case basis and a number of crisis management measures will be taken to minimize adverse effects, namely: minimize expenses and limit investment plans.
Risks associated with possible military conflicts, imposition of the state of emergency and strikes in the country (countries) and region Military conflicts and the imposition of the state of emergency in the country and regions in which the issuer operates are unlikely to happen. In the event of possible military conflicts or acts of terror, the SDCs of the issuer can incur the risks of deactivation of their fixed assets.
Risks associated with the geographical characteristics of the country (countries) and region, including high likelihood of natural disasters, possible interruption of transportation due to remoteness and/or inaccessibility, etc Since the SDCs of the issuer operate almost throughout the Russian Federation, weather conditions vary greatly. Electric grids exist in different and incomparable geographical zones. Therefore, emergencies are likely to be caused by hurricanes, heavy rains with squall wind and hail, high water and floods, snow drifts, causing possible financial damage to households, public and social utilities, interrupting car and rail service, heat and electricity supply to customers. For the purposes of reimbursing for damage caused by emergencies resulting from natural disasters, etc, IDGCs enter into property insurance agreements. To minimize risks associated with the threat of natural disasters and negative effects of weather conditions (especially in autumn and winter), grid companies take preparatory measures, establish emergency reserves of material and equipment, train emergency repair teams. Another possible measure is the development of special crisis management programs providing for the joint action of power engineers, authorities, EMERCOM, the Ministry of Defense and Federal Environmental, Engineering and Nuclear Supervision Agency. Risks associated with high likelihood of natural disasters are assessed by the issuer as minimal.
21 Risks associated with the possible interruption of transportation due to remoteness and/or inaccessibility are assessed by the issuer as minimal.
3.5.3. Financial Risks In the event of one or more of the below-listed risks, JSC IDGC Holding will take all possible measures to minimize its negative effects. To partly neutralize risks, the issuer will take a number of protective measures and develop possible activities of the issuer in the event of any given risk. However, it should be noted that preliminary development of adequate measures is complicated by the uncertainty of the situation and the parameters of activities to be performed will to a great extent depend on the characteristics of each particular situation. JSC IDGC Holding can not guarantee that the actions aimed at overcoming negative changes will improve the situation since the factors described above are beyond the control of JSC IDGC Holding.
Risks associated with the monetary policy of the Central Bank of the Russian Federation When pursuing its monetary policy, the Central Bank of the Russian Federation indirectly affects financial markets and money stock. Recently, top priority has been to maintain stable ruble exchange rate and increase its actual purchasing power. The achievement of these goals using various tools which the Central Bank of the Russian Federation has in place influences companies both directly and indirectly. Any actions of the Central Bank of the Russian Federation can both decrease and increase the Company’s risks, thus affecting its financial indicators.
Risks associated with exchange rate changes Almost the entire revenue of JSC IDGC Holding is currently denominated in rubles (including dividend on the shares owned by the Company). Virtually all expenses are denominated in rubles, too. In this regard, inflation and exchange rate changes do not considerably impact the financial and business performance of the Company. JSC IDGC Holding does not have any investments in foreign companies whose net asset value is subject to the risk of exchange rate change. At the same time, there is a risk of decreasing income of the company in the form of dividend on the shares owned by the Company in the event of USD and EUR/RUR exchange rate growth since this can cause growing costs of the companies whose shares are owned by the Company, thus reducing net profit used for the payment of dividend received by the Company.
Risks associated with interest rate changes The Company is not currently raising borrowings to finance its expenses. There is a risk of decreasing income of the company in the form of dividend on the shares owned by the Company in the event of interest rate growth since this can cause growing costs of the companies whose shares are owned by the Company, thus reducing net profit used for the payment of dividend received by the Company.
Expected behavior of the issuer in the event of adverse effect of interest rate changes on the issuer’s activities: In this case, the issuer plans to perform activities aimed at optimizing costs, revising capital investment program, increasing working capital efficiency. Risks associated with inflation impact According to official data, inflation rate in Russia in 2004 was 11.7%; in 2005, 10.9%; in 2006, 9%; in 2007, 11.9 %. The initial inflation rate forecast for 2008 was 7% but was
22 subsequently revised several times and the current estimate of the Russian Federation Government for 2008 is 12% or 13%. Higher price growth rates can cause the growth of the issuer’s costs (due to product and service price growth), an increase in the cost of borrowings and the reduction of profitability indicators. Therefore, if actual inflation indicators considerably exceed the forecasts of the Russian Federation Government, the issuer plans to take proper measures, namely: – mitigate cost growth, – reduce accounts receivable and its average maturity; – increase accounts payable to the optimal level; – exclude excess cash. However, it is not possible to predict the critical inflation rate for JSC IDGC Holding since consideration should be given not only to consumer price level but also to changes in the actual purchasing power of the ruble, situation in the electricity markets and future government policy in respect of electricity tariffs.
Effect of financial markets on the indicators of financial statements Inflation processes, leading to the growing prices of materials, raw materials and services used by the Company in its activities, can affect balance sheet total. The issuer believes that it is the Company’s net profit that can be most affected by the inflation processes in the economy of the Russian Federation. This is due to the fact that the opportunities of the companies whose shares are owned by the Company to raise the prices of electric power transportation services are restricted by government regulation, i.e. can not be changed by companies depending on changes in inflation rates and at the same time the costs of the companies whose shares are owned by the Company (which are mostly denominated in rubles) change in line with inflation rates. Therefore, inflation processes can cause drop in net profit of the companies whose shares are owned by the Company, which, in its turn, will lead to the reduction of net profit used for the payment of dividend received by the Company. The Company assesses the financial risks described above (sharp changes in foreign exchange rates, inflation, interest rate growth) in the near future as highly likely. These risks can result in the growth of the issuer’s costs and profit reduction, which can be offset by the growing tariffs of the companies whose shares are owned by the Company and the decreasing amount of raised borrowings.
3.5.4. Legal Risks The issuer notifies that if one or more risks listed below occurs the issuer will make every possible effort within the issuer’s power to eliminate and/or minimize the risk(s) and will take all necessary measures to eliminate or mitigate its/their implications.
Legal risks associated with of issuer’s activities: Legal risks, including risks associated with ambiguous interpretations of legislation, can cause incorrect tax calculation and payment. To mitigate these risks, the accounting department of the issuer performs ongoing work aimed at legitimate improvement of tax base calculation methodology for different taxes and controls compliance with the applicable laws. There are risks of losses associated with changes in legislation and incorrect legal execution of documents and support for the issuer’s activities. To minimize such risks, almost all operations of the issuer undergo mandatory prior legal review. The issuer (and all joint-stock companies operating in the Russian Federation) incur the risk of changes in legislation (federal laws and by-laws) governing joint-stock and corporate relationship. As the parent company of all constituent IDGCs, the issuer incurs the risks of appeal of major transactions and related-party transactions by the shareholders of the IDGCs concerned (when such
23 transactions are executed without proper prior approval of the Board of Directors or General Meeting of Shareholders or their approval breaches the established procedure). To minimize these risks, the issuer and its constituent SDCs (IDGCs), when handling contracts, on a mandatory basis conduct prior legal analysis of transactions being executed to identify grounds for the preliminary corporate procedures provided for by the applicable laws and/or Articles of Association. If necessary, the relevant transactions are submitted for consideration by the duly authorized management bodies of the issuer and the IDGCs being managed and taken over by the issuer. Risks associated with IDGS shareholder relations include, but are not limited to, risks associated with the recording of rights to the shares in IDGCs; the risk of "corporate blackmail" on the part of shareholders; the risk that the actions of unfriendly shareholders can disrupt the General Meetings of Shareholders of the issuer in the future. The minimization of these risks is facilitated by the fact that the register of shareholders of both the issuer and the companies it manages is kept by the professional registrar (ZAO STATUS Registration Company), which has considerable experience in the Russian stock market. The issuer and its subsidiaries and dependent companies implement a set of measures aimed at communicating with shareholders and fully observing the legal rights and interests of the latter (information disclosure in accordance with the procedure set forth in regulations, regular meetings between the management and shareholders of the company with the primary objective to explain important issues related to daily operations and the completion of electricity industry reform; compliance with corporate procedures and internal documents).
Given that the issuer neither performs nor plans to perform its activities outside the Russian Federation, the issuer does not incur any legal risks associated with its activities in external markets.
Risks associated with changes in currency laws In the issuer’s opinion, these risks are unlikely to occur since the issuer operates in accordance with the applicable laws and considers changes in the applicable laws in its activities.
Risks associated with changes in tax laws Legal risks associated with changes in tax laws with regard to tax rate growth or changes in the procedure and time limits for tax calculation and payment can cause drop in net profit of the Issuer, which, in its turn, can result in the reduction of the amount of paid dividend. Although the issuer meets the requirements of the applicable tax laws in full and in accordance with the established procedure, the risks of tax claims against the issuer can not be ruled out. This risk is also caused by the characteristics of the applicable laws and court system, which manifests itself in differences in court practices on the same matters and the interpretation of legislation in general, conflict of laws, etc, resulting in the risk of subjective and judgmental assessment of the issuer’s business facts and tax payments by courts. In the event of changes in the applicable taxation procedure and conditions, the issuer intends to adjust the planning of its financial and business activities for these changes.
Risks associated with changes in customs regulations and duties In the issuer’s opinion, these risks are unlikely to occur since the issuer operates in accordance with the applicable laws and considers changes in the applicable laws in its activities.
Risks associated with changes in the requirements for the issuer’s core business licensing or the licensing of rights to use constrained assets (including natural resources). In the event of changes in the requirements for the issuer’s core business licensing or the licensing of rights to use constrained assets (including natural resources) the issuer will adjust its activities for such changes and take appropriate measures to obtain all necessary licenses in accordance with the established procedure.
24 Risks associated with changes in court practices on matters related to the issuer’s activities (including licensing matters) which can adversely affect its performance and the outcome of pending legal proceedings in which the issuer participates: In certain cases, changes in court practices on matters related to the issuer’s activities can cause an increase in costs in connection with retaining skilled lawyers and court judgments against the Issuer, which can adversely affect the performance of the issuer. The issuer believes that such risks are unlikely to occur and negligible. In the event of changes in court practices on matters related to the issuer’s activities, the issuer intends to adjust the planning of its financial and business activities for these changes.
3.5.5. Risks Associated with the Issuer’s Activities Risks associated with pending legal proceedings in which the issuer participates: The issuer does not act as respondent in any legal proceedings, including the obligations of subsidiaries and dependent companies, and therefore does not believe that significant risks associated with participation in any legal proceedings are likely to occur.
Risks associated with the impossibility of extending the issuer’s license to perform a certain type of activity or use constrained assets (including natural resources): The above-mentioned risks do not exist, since the issuer neither performs nor plans to perform any licensable activities specified in the laws of the Russian Federation or use constrained assets (including natural resources).
Risks associated with the possible liability of the issuer for third-party debts, including the issuer’s subsidiaries: Currently, the issuer is not liable for any third-party debts since the issuer did not collateralize their obligations. Risks associated with the possible liability of the issuer for third-party debts are assessed by the issuer as negligible. The issuer can assume liability for the debts owed by its subsidiaries (IDGCs) if the issuer’s instructions binding upon subsidiaries cause losses or bankruptcy to such company. However, the issuer uses its best efforts to prevent such situation since this will contradict the principal business goal of the issuer, i.e. profit generation. The above-mentioned risks are unlikely to occur.
Risks associated with the possible loss of customers accounting for at least 10 percent of total revenue from the sale of the issuer’s products (work, services)
Since the issuer’s core business is the corporate management of interregional distribution grid companies, the issuer incurs the risk of customer loss. The issuer, in its turn, can be affected by the loss of customers by the companies it manages. However, this risk can be assessed as negligible since regional external entities do not have alternative grid equipment or qualified personnel (to maintain and repair it). At the same time there is a risk associated with large customers switching to JSC FGC UES, specifically through the construction of alternative power grid facilities
3.5.6. Bank Risks Not applicable since the issuer is not a lending institution.
25 IV. Detailed Information Concerning JSC IDGC Holding 4.1. Establishment History and Development of the Issuer 4.1.1. Data Concerning the Issuer’s Corporate Name JSC Interregional Distribution Grid Companies Full corporate name Holding Short corporate name JSC IDGC Holding
Full corporate name of the issuer is similar to the names of other corporate entities from among subsidiaries and/or dependent companies established as part of implementation of the “5+5” Concept of RAO UESR’s Strategy, adopted by the Board of Directors of RAO UES of Russia on May 29, 2003: − OAO IDGC of the Center; − OAO IDGC of the North Caucasus; − OAO IDGC of Volga; − OAO IDGC of Northwest; − OAO IDGC of the Urals; − OAO IDGC of Siberia; − OAO IDGC of South; − OAO IDGC of the Center and Volga.
To prevent the issuer’s names from being confused with the names of the interregional distribution grid companies listed above, the issuer would like you to draw special attention to the geographical component of the full and short names of such companies. The issuer’s corporate name is not registered as a trademark or service mark. The corporate name of JSC IDGC Holding has never changed since its establishment.
4.1.2. Information Concerning the State Registration of JSC IDGC Holding
Primary state registration number (Ministry 1087760000019 of Taxation of the Russian Federation) Registration date July 1, 2008 Registration authority according to the Moscow Inter-District Inspectorate of the Certificate of Record in the Unified State Federal Tax Service No. 46 Register of Legal Entities
4.1.3. Information Concerning the Establishment and Development of JSC IDGC Holding: Days since the date of the issuer’s state registration and date until the issuer will exist if it is established for a definite term or a certain goal is achieved or the phrase "the issuer was established for an indefinite term." Days since the issuer’s state registration: as of the date of securities prospectus approval: 3 months and 27 days. The issuer was established for an indefinite term.
Overview of establishment and development of the issuer. Goals of the issuer’s establishment, mission of the Issuer (if applicable): The issuer was established as a result of reorganization through a spin-off from RAO UES of Russia pursuant to the (unnumbered) resolution of the extraordinary general meeting of RAO UES of Russia of October 26, 2007. The authorized capital of the issuer in its reorganization was made up of the incremental capital and undistributed profit of RAO UES of Russia for previous years transferred under the separation balance sheet.
26 On July 1, 2008, the establishment of JSC IDGC Holding as a result of reorganization through a spin-off was recorded in the Unified State Register of Legal Entities.
The goal for which the issuer was established as specified in the “5+5” Concept of RAO UESR’s Strategy, adopted by the Board of Directors of RAO UES of Russia on May 29, 2003, was to spin off a company in the reorganization of RAO UES of Russia which would be assigned the shares in all interregional distribution grid companies owned by RAO UES of Russia. The primary business goal of the Company as specified in the Articles of Association of the issuer is profit generation. The Company performs the following activities: - acting as executive bodies of joint-stock companies and other business entities in accordance with the procedure set forth in laws and existing agreements; - trust management of property; - provision of advisory services; - execution of operations involving securities in accordance with the procedure set forth in the applicable laws of the Russian Federation; - agency; - design, estimate, exploration, research and engineering; - foreign economic activity; - forwarding services; - work aimed at setting the terms of parallel operation in line with the modes of the United Power System of Russia based on contractual relationship; - operation of power facilities not recorded on the Company’s balance sheet under agreements with the owners of these power facilities; - activities related to environmental protection; - activities related to environmental impact assessment, environmental protection and natural resource use, utilization, warehousing, industrial waste movement; - supervision of the safe maintenance of electrical and thermal installations of the customers connected to the Company’s heat and electricity networks; - educational activities, including additional educational activities; - training and testing of knowledge in the rules, standards and instructions on operation, occupational, industrial and fire safety; - organization and conducting of defense events related to mobilization training, civil defense, emergencies and the protection of information which constitutes state secret in accordance with the laws of the Russian Federation; - security activities for the exclusive benefit of internal security within the Security Function to be established by the Company, whose activities are governed by the law of the Russian Federation "On Private Detective and Security Activity in the Russian Federation" and the laws of the Russian Federation; - organization of energy-saving operation of power plant equipment, compliance with the power supply modes specified in the agreements; - operation of power equipment in accordance with the applicable regulatory requirements, its state-of-the-art and high-quality repair, re-equipment and rehabilitation of power facilities; - power supply to the customers connected to the Company’s heat and electricity networks in accordance with the existing agreements; - mastering of new devices and technologies ensuring the efficient, safe and clean operation of the Company’s facilities; - heat network operation activities; - development of communications and provision of communication services; - storage of oil and petroleum products; - operation explosion hazardous production facilities; - operation fire hazardous production facilities;
27 - operation and maintenance of facilities controlled by the Federal Committee for Mining and Industrial Supervision; - operation of buildings and structures; - metrology support for production; - hazardous waste management; - activities related to internal gas network operation; - activities related to metering device repair; - other activities.
Mission of the Issuer: Ensuring the highest possible reliability and availability of distribution grid infrastructure for customers in all constituent entities of the Russian Federation through the provision of services meeting global quality standards.
Other information about the issuer’s activities which is important for adopting a decision on purchasing the issuer’s securities: N/A.
4.1.4. Contact Details:
Location of JSC IDGC Holding 117630, Moscow, ul. Akademika Chelomeya, d. 5 A Telephone: (495) 710-57-59, 710-43-57 Telephone and fax Fax: (495) 710-43-57, 710-57-59 [email protected] E-mail [email protected] Information about the Issuer is available on the Internet on the http://www.e-disclosure.ru/portal/company.aspx?id=13806 following page
Interaction with the shareholders and investors of JSC IDGC Holding is the role of the Department for Corporate Governance and Shareholder Relations of the Company (119526, Moscow, prospekt Vernadskogo, d. 101, korp. 3, tel.: 710-67-24).
4.1.5. Taxpayer Identification Number: 7728662669
4.1.6.Branches and Representative Offices of JSC IDGC Holding:
The issuer does not have any branches or representative offices.
4.2.Core Business Activities of the Issuer.
4.2.1. Industry in Which the Issuer Operates
OKVED (All-Russia Classifier of Economic Activities) codes 74.15.2, 29.24.9,40.10.1, 40.10.11, 40.10.2, 40.10.3, 40.10.5, 40.30.11, 40.30.2, 40.30.3, 40.30.5, 45.21.53, 51.56.4, 63.40, 64.20, 65.23, 73.10, 74.14, 80.30.3
4.2.2. Core Business Activities of JSC IDGC Holding Since the issuer manages the blocks of shares in interregional distribution grid companies owned by the issuer, the issuer does not perform any business activities (produce products, perform work, provide services) accounting for at least 10 percent of the issuer’s revenue (income). 28 10 percent or greater change in the amount of the issuer’s revenue (income) from its core business activities compared with the previous reporting period and the reasons for such change as well as the general breakdown of the issuer’s production cost are not specified herein since the issuer was established on July 1, 2008 and as of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. Country (countries) in which the issuer performs its core business activities: Russian Federation. The issuer’s activities are not seasonal. The issuer neither sells products (work, services) in its core market nor develops new types.
4.2.3. Materials, Goods (Raw Materials) and Suppliers of JSC IDGC Holding This paragraph is not completed since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
4.2.4. Target Markets for the Issuer’s Products (Work, Services) The issuer operates in the Russian Federation. The core business activity which is currently being performed by the issuer is the corporate management of interregional distribution grid companies. Currently, there are no significant factors which could adversely affect the activities performed by the issuer other than the risks described in paragraph 3.5 of this securities prospectus.
4.2.5. Information Concerning the Licenses Held by JSC IDGC Holding The issuer does not hold licenses to perform any activities since it does not perform any licensable activities specified in the laws of the Russian Federation.
4.2.6. Joint Operations of JSC IDGC Holding The issuer does not perform any joint operations with other entities.
4.2.7. Additional Requirements for Issuers From Among Incorporated Investment Funds, Insurers or Lending Institutions, Mortgage Agents Not applicable. JSC IDGC Holding is neither an incorporated investment fund, insurer, lending institution nor a mortgage agent.
4.2.8. Additional Requirements for Issuers Whose Core Business Is the Extraction of Mineral Resources Not applicable. JSC IDGC Holding is not an issuer whose core business is the extraction of mineral resources.
4.2.9. Additional Requirements for Issuers Whose Core Business Is the Provision of Communication Services Not applicable. JSC IDGC Holding is not an issuer whose core business is the provision of communication services.
4.3. Plans for Future Activities of JSC IDGC Holding
29 The issuer owns controlling stakes in IDGCs (subsidiaries and dependent companies of the issuer) and is therefore in charge of corporate management of IDGCs. The issuer’s principal source of income is dividend on the shares in IDGCs. The issuer’s primary objective is to define and implement development strategy for distribution grid facilities in the Russian Federation for the purpose of attracting large-scale investments. Consequently, the issuer’s plans for future activities include: 1. introduction of reliability and customer service quality standards; 2. reduction of network wear to the level of developed countries (50%); 3. bringing the operational performance indicators of IDGCs to the level of grid companies of developed countries; 4. ensuring that IDGCs have stable return as the companies of the Russian Federation with comparable market risks; 5. ensuring that IDGCs occupy 80% of the electric grid service market in their service areas; 6. increasing the capitalization of IDGCs to the level of peer grid entities of developed economies. In the event of switch to a new tariff regulation model (RAB), by 2011 it is planned to commission under the investment programs of the issuer and its SDCs 19,615 MVA of capacity and 21,364 km of lines, which is 8,462 MVA and 6,705 km higher than specified in the investment program of RAO UES of Russia. The issuer does not have any plans for the launch of new production, expansion or cutback in production, development of new product types, upgrading and rehabilitation of fixed assets. The issuer does not plan to change its core business.
4.4. Participation of the Issuer in Industrial, Banking and Financial Groups, Holding Companies, Concerns and Associations The issuer does not participate in any industrial, banking or financial groups, holding companies, concerns or associations.
4.5. Subsidiaries and Dependent Business Entities of the Issuer. 1. Full corporate name Tyumenenergo Open Joint-Stock Company for Energy and Electrification
Short corporate name OAO Tyumenenergo Location 628412, Surgut, Tyumen Region, Khanty- Mansijsk Autonomous District -Yugra, ul. Universitetskaya, d. 4. Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100 % company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100 % by the Issuer. 30 Stake held by the subsidiary and/or dependent company in the authorized capital of the 0.01158% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Transmission and distribution of electricity. Description of the company’s core business Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Tyumen Region. Receipt of dividend income
Members of the Board of Directors of the company.
1. Pavel Ivanovich Oklei, Chairman of the Board of Directors Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Vladimir Leonidоvich Lusinin Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexei Valerievich Kurochkin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Evgeny Evgenievich Kryuchkov Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Denis Lvovich Gurianov Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Pavel Anatolievich Alexeyev Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alexander Sergeyevich Solodyankin Year of birth: 1953 Stake held by the above-mentioned individual in the authorized capital of the issuer: 31 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Arman Muzhegovich Airapetyan Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Alexei Dmitrievich Glushchenko Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Denis Vladimirovich Fedorov Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Evgeny Evgenievich Kryuchkov Year of birth 1969 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
2. Full corporate name Yantarenergo Open Joint-Stock Company for Energy and Electrification
Short corporate name OAO Yantarenergo Location 236000, Kaliningrad, ul. Teatralnaya, 34. Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a 32 predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company
Transmission and distribution of electricity. Description of the company’s core business
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Kaliningrad Region. Receipt of dividend income
Members of the Board of Directors of the company.
1. Alexander Ivanovich Kazakov, Chairman of the Board of Directors Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexander Semyonovich Rolbinov Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Mikhail Aronovich Tsikel Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Sergei Alexandrovich Boliguzov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Denis Lvovich Gurianov Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 33 6. Viktor Ivanovich Fedotov Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Arman Muzhegovich Airapetyan Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company
1. Mikhail Aronovich Tsikel, Chairman of the Management Board Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexander Vassilievich Agapov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Viktor Nikolaevich Vassiliev Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Viktor Yurievich Seleznev Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Natalia Leonidovna Ivanova Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Larisa Mikhailovna Kuznetsova Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.001% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.001% 7. Vassily Ivanovich Shashenkov 34 Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Mikhail Aronovich Tsikel Year of birth 1949 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
3 Full corporate name Karachayevo-Cherkesskenergo Open Joint- Stock Company Short corporate name OAO Karachayevo-Cherkesskenergo Location 369000, Karachay-Cherkess Republic, Cherkessk, ul. Osmana Kasayeva, dom 3 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital. Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100 % company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100 % by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0.00027% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0.00027% dependent company Supply (sale) of electricity and heat using the established tariffs in accordance with electrical Description of the company’s core business and thermal load profiles.
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Karachay-Cherkess Republic. Receipt of dividend income
Members of the Board of Directors of the company.
1. Armen Vladimirovich Danielyan, Chairman of the Board of Directors 35 Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Khanafi Azret-Alievich Chotchaev Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Mukhamed Mukhtarovich Tlyabichev Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Yury Borisovich Nekipelov Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company:
Managing entity Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
4. Full corporate name Kalmenergosbyt Open Joint-Stock Company Short corporate name OAO Kalmenergosbyt 36 Location 358000, Republic of Kalmykia, Elista, ul. Lenina, 271.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100 % company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100 % by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Supply (sale) of electricity and heat using the established tariffs in accordance with electrical Description of the company’s core business and thermal load profiles.
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Republic of Kalmykia. Receipt of dividend income
Members of the Board of Directors of the company.
1. Zaur Dalkhatovich Gekkiev, Chairman of the Board of Directors Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Pyotr Alexandrovich Panov Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Igor Viktorovich Derevenchenko Year of birth: 1971 Stake held by the above-mentioned individual in the authorized capital of the issuer: none
37 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Dmitry Anatolievich Tuzov Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00100% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00100%
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company:
Managing entity Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
5. Full corporate name Tyvaenergosbyt Open Joint-Stock Company Short corporate name OAO Tyvaenergosbyt.
Location 667004, Russian Federation, Republic of Tyva, Kyzyl, ul. Kolkhoznaya, 2.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company 38 Purchase of electricity in the wholesale and retail electricity (capacity) markets, sale of electricity in the wholesale and retail electricity Description of the company’s core business (capacity) markets to customers (including households)
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Republic of Tyva. Receipt of dividend income Members of the Board of Directors of the company.
1. Vitaly Valerievich Ivanov, Chairman of the Board of Directors Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Igor Yurievich Trukhachev Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Konstantin Yurievich Petukhov Year of birth: 1971 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Viktor Vladimirovich Pereslavsky Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Oleg Mikhailovich Shpilevsky Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Sergei Olegovich Erdenko Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Natalia Nikolaevna Tabuntsova Year of birth: 1976 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 39
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Anatoly Ivanovich Verzakov Year of birth 1947 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
6. Full corporate name Research Institute for Energy Economics Open Joint-Stock Company Short corporate name OAO NIIEE Location 105062, Moscow, ul. Chaplygina, d. 6.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Research in economics and finance, Description of the company’s core business organization of management and economic standard setting in the electric power industry. Description of the role of such company for Services related to the development of business the functioning of JSC IDGC Holding engineering projects, guidelines, regulatory and legal documents of grid, power sales and service companies representing the power industry.
Members of the Board of Directors of the company.
1. Igor Stepanovich Kozhukhovsky, Chairman of the Board of Directors Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: 40 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Igor Vladimirovich Otchik Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexander Mikhailovich Levtsev Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Yury Nikolaevich Pankstianov Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Valery Iosifovich Edelman Year of birth: 1939 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Chief Executive Officer. Full name Valery Iosifovich Edelman Year of birth 1939 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
7. Full corporate name VNIPIenergoprom Association Open Joint- Stock Company Short corporate name OAO VNIPIenergoprom Location 105094, Moscow, Semyonovskaya nab., 2/1 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized 100% 41 capital of the subsidiary and/or dependent company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Development of integrated programs for Description of the company’s core business developing power supply systems Description of the role of such company for Services related to the elaboration of programs the functioning of JSC IDGC Holding for developing urban and regional power supply systems
Members of the Board of Directors of the company.
1. Azat Akhsanovich Salikhov, Chairman of the Board of Directors Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexei Borisovich Zhiltsov Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Viktor Germanovich Semyonov Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexander Alexandrovich Zakharov Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Polina Davidovna Levina Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company. 42
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Viktor Germanovich Semyonov Year of birth 1956 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
8. Full corporate name Special Design Bureau of Heat Power Engineering Equipment VTI Open Joint-Stock Company Short corporate name OAO SKB VTI Location 115280, Russian Federation, Moscow, 3 Avtozavodsky pr., dom 4, kor. 1 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Engineering and design of boiler and ancillary Description of the company’s core business equipment for power plants, boiler plants and other facilities Description of the role of such company for Development of boiler and ancillary equipment the functioning of JSC IDGC Holding for subsidiaries (IDGC and RGC)
Members of the Board of Directors of the company.
1. Azat Akhsanovich Salikhov, Chairman of the Board of Directors Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexei Valerievich Zaitsev Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: 43 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Igor Vladimirovich Otchik Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Andrei Valerievich Khozhempo Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Mikhail Pavilasovich Yushka Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Mikhail Pavilasovich Yushka Year of birth 1960 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
9. Full corporate name Sibenergosetproekt Siberian Design and Research Institute of Energy Systems and Power Grids Open Joint-Stock Company Short corporate name OAO Sibenergosetproekt Location 630132, Novosibirsk Region, Novosibirsk, ul. Dimitrova, d.7 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the 100% 44 subsidiary and/or dependent company owned by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Description of the company’s core business Research, development and design Description of the role of such company for Services related to research, development and the functioning of JSC IDGC Holding design in the power sector
Members of the Board of Directors of the company. The Board of Directors is not provided for by the articles of association of the company.
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Viktor Anatolievich Spirin Year of birth 1951 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
10. Full corporate name Aviaenergo Airline Open Joint-Stock Company Short corporate name OAO Aviaenergo Airline Location 125047, Moscow, 1 Tverskaya-Yamskaya, dom 16/23, str. 1. Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company
45 Domestic and international air transportation Description of the company’s core business
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Boris Sergeyevich Zhikharev, Chairman of the Board of Directors Year of birth: 1953 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Boris Sergeyevich Kosarev Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexander Rafailovich Blagonravov Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Yury Borisovich Nekipelov Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Pavel Stepanovich Smirnov Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Polina Vyacheslavovna Smirnova Year of birth: 1982 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Yury Nikolaevich Sukhoveyev Year of birth: 1976 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company. 46
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Alexander Rafailovich Blagonravov Year of birth 1950 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
11. Full corporate name Center for United Power System Receivables and Payables Settlements Open Joint-Stock Company Short corporate name OAO Center of UPS Settlements Optimization Location 119435, Moscow, B.Savvinsky per., d. 10a Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Services related to the settlement of accounts Description of the company’s core business receivable and accounts payable between enterprises representing the power sector Description of the role of such company for Services related to the implementation offset the functioning of JSC IDGC Holding mechanisms between IDGCs and RGCs
Members of the Board of Directors of the company.
1. Yulia Nikolaevna Negasheva, Chairman of the Board of Directors Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Konstantin Eduardovich Varand Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none 47 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Leonid Evgenievich Spitsyn Year of birth: 1963 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Lyudmila Vassilievna Shagina Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Dmitry Alexandrovich Lyubinin Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Dmitry Alexandrovich Lyubinin Year of birth 1970 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
12. Full corporate name Nedvizhimost of VNIPIenergoprom Open Joint-Stock Company Short corporate name OAO Nedvizhimost of VNIPIenergoprom.
Location Russian Federation, 105094, Moscow, Semyonovskaya naberezhnaya, dom 2/1.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the 100% subsidiary and/or dependent company owned 48 by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Real property lease. Description of the company’s core business
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Sergey Borisovich Kosarev, Chairman of the Board of Directors Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Marina Mikhailovna Lukianova Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Olga Vissanionovna Sellyakhova Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Ilya Vladimirovich Begrov Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
49 Short corporate name OAO TsNII NPKenergo Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
13. Full corporate name Nedvizhimost of the United Power System Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of UPS Engineering Center. Location 119526, Moscow, prospekt Vernadskogo, d. 101, korp. 3.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Management and operation of real property Description of the company’s core business performing various functions.
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Nikolai Alexeyevich Grishaev, Chairman of the Board of Directors Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Tatiana Vladimirovna Kochetkova Year of birth: 1978
50 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Olga Viktorovna Leonova Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Dmitry Vitalievich Larionov Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
Short corporate name OAO TsNII NPKenergo
Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
14. Full corporate name Nedvizhimost of the Northwest Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Northwest Energy Engineering Center.
Location Russian Federation, 191036, Saint Petersburg, Nevsky prospekt, 111/3.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the 51 Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Real property lease. Description of the company’s core business Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company
1. Elena Alexandrovna Leonova, Chairman of the Board of Directors Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Oleg Viktorovich Turchin Year of birth: 1982 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Yury Borisovich Nekipelov Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Svyatoslav Anatolievich Lychagin Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00147% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00147% 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
52 Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
Short corporate name OAO TsNII NPKenergo Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
15. Full corporate name Nedvizhimost of the Volga Region Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Volga Region Energy Engineering Center.
Location Russian Federation, 603950, Nizhni Novgorod, pr. Lenina, d. 20.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Real property lease. Description of the company’s core business
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company 1. Sergey Borisovich Kosarev, Chairman of the Board of Directors 53 Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Marina Mikhailovna Lukianova Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Anna Nikolaevna Kochergina Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexei Borisovich Zhiltsov Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
Short corporate name OAO TsNII NPKenergo Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
16. Full corporate name Nedvizhimost of the South Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the South EEC.
Location Russian Federation, 350058, Krasnodar, ul. 54 Starokubanskaya, 116.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Real property lease. Description of the company’s core business Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company 1. Natalia Ivanovna Pozdeyeva, Chairman of the Board of Directors Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Marina Mikhailovna Lukianova Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Vadim Viktorovich Tulyakov Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Olga Viktorovna Leonova Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer:
55 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
Short corporate name OAO TsNII NPKenergo Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
17. Full corporate name Nedvizhimost of the Urals Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Urals Energy Engineering Center.
Location Russian Federation, 620075, Yekaterinburg, ul. Pervomaiskaya, d. 56
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Real property lease. Description of the company’s core business Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
56 Members of the Board of Directors of the company
1. Nikolai Alexeyevich Grishaev, Chairman of the Board of Directors Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Olga Valerievna Khechinashvili Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Vadim Viktorovich Tulyakov Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Oleg Viktorovich Turchin Year of birth: 1982 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
Short corporate name OAO TsNII NPKenergo Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
18. Full corporate name Nedvizhimost of the Siberian Energy Research and Development Center Open Joint-Stock 57 Company Short corporate name OAO Nedvizhimost of the Siberian Energy Research and Development Center.
Location Russian Federation, 630132, Novosibirsk, prospekt Dimitrova, dom 7.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 100% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 100% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Real property lease. Description of the company’s core business Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company
1. Dmitry Vitalievich Larionov, Chairman of the Board of Directors Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Marina Mikhailovna Lukianova Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Anna Mikhailovna Koroleva Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Oleg Viktorovich Turchin Year of birth: 1982 Stake held by the above-mentioned individual in the authorized capital of the issuer:
58 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Veniamin Anatolievich Zhdanovich Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name TsNII NPKenergo Open Joint-Stock Company.
Short corporate name OAO TsNII NPKenergo Location 191186, Russian Federation, Saint Petersburg, Naberezhnaya r. Moiki, d. 47 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
19. Full corporate name Interregional Distribution Grid Company of Volga Open Joint-Stock Company Short corporate name OAO IDGC of Volga Location 410031, Saratov, ul. Pervomaiskaya, d. 42/44 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 67.626% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 67.626% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0.0002% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0.0002% dependent company Provision of electric power transmission services. Description of the company’s core business
59 Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Chuvash Republic, Republic of Mordovia; Samara, Ulyanovsk, Penza, Saratov and Orenburg Regions. Receipt of dividend income
Members of the Board of Directors of the company.
1. Alexander Nikolaevich Chistyakov, Chairman of the Board of Directors Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Iskander Dzhangirovich Ametov Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Vyacheslav Mikhailovich Dolgikh Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Igor Alikovich Zenyukov Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Alexei Valerievich Kurochkin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Seppo Juha Remes Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Dmitry Vladislavovich Ryabov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: 60 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Sergei Viktorovich Streltsov Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Denis Vladimirovich Fedorov Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Natalia Ilyinichna Erpsher Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company 1. Sergei Vladimirovich Pakhomov, Chairman of the Management Board Year of birth: 1953 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Natalia Vassilievna Vaitulenis Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Viktor Fyodorovich Kazhaev Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Nikolai Ivanovich Laryushkin Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Yulia Viktorovna Popkova Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
61 6. Vladimir Anatolievich Ryabikin Year of birth: 1965 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Vladimir Viktorovich Ryabinin Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0,001% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0,001% 8. Sergei Ivanovich Ryabov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Alexei Vladimirovich Tchannikov Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Sergei Vladimirovich Pakhomov Year of birth 1953 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
20. Full corporate name Interregional Distribution Grid Company of Northwest Open Joint-Stock Company Short corporate name OAO IDGC of Northwest
Location 188300, Russia, Leningrad Region, Gatchina, ul. Sobornaya, dom 31 (legal address) Russia, 191119, Saint Petersburg, ul. Tyushina, dom 11, letter Ж (postal address)
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized 55.38% 62 capital of the subsidiary and/or dependent company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 55.38% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Provision of electric power transmission services. Description of the company’s core business
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Northwestern Federal District. Receipt of dividend income
Members of the Board of Directors of the company
1. Alexander Nikolaevich Chistyakov, Chairman of the Board of Directors Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Veniamin Shmuilovich Pinkhasik Year of birth: 1946 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0,0002% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0,0002% 3. Andrei Vladimirovich Gabov Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Vassily Ivanovich Sinyansky Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 63 6. Svetlana Semyonovna Zholnerchik Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Seppo Juha Remes Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Silviyan Ivanovich Seu Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Valery Valentinovich Ageyev Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Alexei Valerievich Kurochkin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Dmitry Borisovich Medvedev Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Состав Правления of the Company 1. Alexander Markovich Kukhmai, Chairman of the Management Board Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Anatoly Petrovich Ignatiev Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexander Vladimirovich Mikhalkov Year of birth: 1962 Stake held by the above-mentioned individual in the authorized capital of the issuer:
64 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Olga Vadimovna Makarovna Year of birth: 1971 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Anatoly Valerievich Kushnerov Year of birth: 1971 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Vladimir Alexeyevich Bloshchitsyn Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Georgy Vassilievich Turlov Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Alexander Markovich Kukhmai Year of birth 1951 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0.001% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0.001% individual
21. Full corporate name Interregional Distribution Grid Company of the Urals Open Joint-Stock Company Short corporate name OAO IDGC of the Urals Location 620026 Yekaterinburg, ul. Mamina-Sibiryaka, d. 140 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized 51.517% 65 capital of the subsidiary and/or dependent company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 51.517% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Provision of electric power transmission services. Description of the company’s core business
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Perm Territory; Kurgan, Sverdlovsk and Chelyabinsk Regions. Receipt of dividend income
Members of the Board of Directors of the company.
1. Alexei Olegovich Bobrov, Chairman of the Board of Directors Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexander Nikolaevich Chistyakov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Yury Vitalievich Loginov Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Leonid Evgenievich Spitsyn Year of birth: 1963 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Pyotr Mikhailovich Yerokhin Year of birth: 1946 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Alexei Dmitrievich Glushchenko 66 Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Konstantin Vladimirovich Shevchenko Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Pavel Ivanovich Oklei Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Pavel Sergeyevich Lazovsky Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Tatiana Vladimirovna Gavrilova Year of birth: 1982 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company 1. Alexei Olegovich Bobrov Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexei Ivanovich Sedykh Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Irina Nikolaevna Yuldasheva Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none
67 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Sergei Alexandrovich Semerikov Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Vladimir Valentinovich Kalsin Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Sergei Mikhailovich Zolotarev Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Alexei Olegovich Bobrov Year of birth 1968 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
22. Full corporate name Interregional Distribution Grid Company of Siberia Open Joint-Stock Company Short corporate name OAO IDGC of Siberia Location 660021, Krasnoyarsk, ul. Bograda, 144 a Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 52.883% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 52.883% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0.00122% Issuer. Percentage of ordinary shares in JSC IDGC 0.00122% Holding owned by the subsidiary and/or 68 dependent company Provision of electric power transmission Description of the company’s core business services.
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Republics of Altai, Buryatia, Khakassia, Tuva; Altai, Zabaikalye and Krasnoyarsk Territories; Kemerovo, Omsk and Tomsk Regions. Receipt of dividend income
Members of the Board of Directors of the company.
1. Alexander Vladimirovich Antropenko, Chairman of the Board of Directors Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00005% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00005% 2. Pavel Ivanovich Oklei Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Denis Lvovich Gurianov Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Samuil Moiseyevich Zilberman Year of birth: 1946 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00084% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00084% 5. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Alexei Valerievich Kurochkin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Vladimir Ivanovich Lapin Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none 69 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Svyatoslav Anatolievich Lychagin Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00147% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00147% 9. Sergei Nikolaevich Mironosetsky Year of birth: 1965 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Elena Igorevna Fateyeva Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Alexander Alexandrovich Shumilov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company 1. Alexander Vladimirovich Antropenko, Chairman of the Management Board of the Company Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00005% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00005% 2. Alena Valentinovna Grigorieva Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Vitaly Valerievich Ivanov Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Marat Felixovich Tsargasov Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
70 5. Nikolai Sergeyevich Khazov Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Oleg Mikhailovich Shpilevsky Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alexei Leonidovich Moskalenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Alexander Vladimirovich Antropenko Year of birth 1948 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0.00005% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0.00005% individual
23. Full corporate name Interregional Distribution Grid Company of South Open Joint-Stock Company Short corporate name OAO IDGC of South
Location 344002, Russian Federation, Rostov-on-Don, ul. Bolshaya Sadovaya, d. 49.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 51.657% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 51.657% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC 0% 71 Holding owned by the subsidiary and/or dependent company Provision of electric power transmission services. Description of the company’s core business
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Republic of Kalmykia; Krasnodar Territory; Volgograd, Rostov and Astrakhan Regions. Receipt of dividend income
Members of the Board of Directors of the company.
1. Andrei Natanovich Rappoport, Chairman of the Board of Directors Year of birth: 1963 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Sergei Vyacheslavovich Vassiliev Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Igor Yurievich Ryapin Year of birth: 1976 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexander Ilyich Gavrilov Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Andrei Yurievich Buyanov-Uzdalsky Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Vladimir Vassilievich Ilienko Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Fyodor Alexandrovich Diakov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: 72 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Pavel Ivanovich Oklei Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Alexander Evgenievich Nikulov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Alexei Mikhailovich Abakumov Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company 1. Alexander Ilyich Gavrilov, Chairman of the Management Board Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Mikhail Ivanovich Belonogov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Vitaly Vassilievich Brizhan Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Igor Anatolievich Lunev Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
73 5. Vyacheslav Yurievich Kostetsky Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Vladimir Nikolaevich Kopanev Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Grigory Grigorievich Savin Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Georgy Akhmedovich Sultanov Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Dmitry Vladimirovich Pestov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Sergei Vladimirovich Skorikov Year of birth: 1976 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Mikhail Nikolaevich Stolyarov Year of birth: 1953 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 12. Valery Andreyevich Churyumov Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 13. Evgeny Alexeyevich Bibin Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:
74 none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Alexander Ilyich Gavrilov Year of birth 1973 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
24. Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 58.253% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 58.253% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Provision of electric power transmission Description of the company’s core business services. Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Republics of Dagestan and North Ossetia-Alania, the Ingushi Republic; Stavropol Territory; Kabardino-Balkarian and Karachay-Cherkess Republics. Receipt of dividend income.
Members of the Board of Directors of the company.
1. Andrei Alexandrovich Dyomin, Chairman of the Board of Directors Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 75 none 2. Arman Muzhegovich Airapetyan Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Nikolai Alexeyevich Grishaev Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Madina Mukharbievna Suyunova Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Sergei Vassilievich Shishkin Year of birth: 1965 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Fyodor Alexandrovich Diakov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Yury Nikolaevich Pankstianov Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Alexander Evgenievich Nikulov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none
76 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Alexander Viktorovich Shevchuk Year of birth: 1983 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Magomed Kadyevich Kaitov Year of birth 1960 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
25. Full corporate name Lenenergo Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Lenenergo Location 196247, Saint Petersburg, Ploshchad Konstitutsii, d. 1. Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 59.341% company. Percentage of ordinary shares in the 67.34% subsidiary and/or dependent company owned by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Provision of electric power transmission Description of the company’s core business services and other services directly related to the process of electricity supply to customers. Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Leningrad Region. Receipt of dividend income
77 Members of the Board of Directors of the company.
1. Alexander Vitalievich Bobrov, Chairman of the Board of Directors Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Boris Felixovich Vainzikher Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexei Dmitrievich Glushchenko Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Grigory Viktorovich Dvas Year of birth: 1965 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Alexei Valerievich Kurochkin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Dmitry Borisovich Medvedev Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Pavel Ivanovich Oklei Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Mikhail Eduardovich Oseyevsky Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Yury Nikolaevich Pankstianov Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer:
78 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Alexander Ivanovich Polukeyev Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Vassily Ivanovich Sinyansky Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 12. Alexander Nikolaevich Chistyakov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Konstantin Vladimirovich Shevchenko Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Dmitry Vladislavovich Ryabov
Year of birth 1967 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
26. Full corporate name Tomsk Distribution Company Open Joint- Stock Company Short corporate name OAO TDC Location Russian Federation, 634041, Tomsk, pr. Kirova, 36 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the 79 Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 52.025% company. Percentage of ordinary shares in the 59.881% subsidiary and/or dependent company owned by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Purchase of electricity in the wholesale and retail electricity markets, provision of services Description of the company’s core business related to electric power transmission and distribution Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Tomsk Region. Receipt of dividend income
Персональный состав of the Board of Directors of the Company.
1. Nikolai Alexandrovich Vyatkin, Chairman of the Board of Directors Year of birth: 1938 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0,001% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0,001% 2. Vitaly Valerievich Ivanov Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Viktor Viktorovich Sadovoy Year of birth: 1946 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Dmitry Vassilievich Gurin Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0,001% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0,001% 5. Oleg Valentinovich Petrov Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none 80 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Konstantin Yurievich Petukhov Year of birth: 1971 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alena Valentinovna Grigorieva Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company 1. Oleg Valentinovich Petrov, Chairman of the Management Board Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Varvara Georgievna Astrakhantseva Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Marina Dmitrievna Vagina Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Vassily Vassilievich Sklokin Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Andrei Valerievich Gribanov Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Natalia Alexeyevna Shikova Year of birth: 1976 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alexander Vladimirovich Antropenko 81 Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00005% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00005%
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity. Full corporate name Interregional Distribution Grid Company of Siberia Open Joint-Stock Company Short corporate name OAO IDGC of Siberia Location 660021, Krasnoyarsk, ul. Bograda, 144 a Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
27. Full corporate name Kabardino-Balkarian Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Kabbalkenergo Location 360000, Kabardino-Balkaria, Nalchik, ul. Shchorsa, d. 6. Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 65.268% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 65.268% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Supply (sale) of electricity and heat using the Description of the company’s core business established tariffs in accordance with electrical and thermal load profiles. Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Kabardino-Balkarian Republic. Receipt of dividend income
Members of the Board of Directors of the company.
82 1. Bela Mukharbievna Suyunova, Chairman of the Board of Directors Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Andrei Nikolaevich Kharin Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Arsen Makhmudovich Tsikanov Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Armen Vladimirovich Danielyan Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Lyana Akhmedovna Eristova Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Khvicha Pataevich Kharchilava Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus 83 Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
28. Full corporate name Dagestan Power Sales Company Open Joint- Stock Company Short corporate name OAO Dagestan Power Sales Company. Location Republic of Dagestan, Makhachkala, ul. Dakhadaeva, d. 73.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 51% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 51% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Purchase of electricity in the wholesale and retail electricity (capacity) markets, sale of electricity in the wholesale and retail electricity Description of the company’s core business (capacity) markets to customers (including households).
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Armen Vladimirovich Danielyan, Chairman of the Board of Directors Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alim Dzhagopparovich Tekeyev Year of birth: 1961 84 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Amirov murtazalievich amirov Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Sergei Olegovich Erdenko Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Bela Mukharbievna Suyunova Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Vladislav Vitalievich Zuyevsky Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Maxim Alexandrovich Yeremeyev Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Roman Alexeyevich Filkin Year of birth: 1983 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity
85 Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
29. Full corporate name Interregional Distribution Grid Company of the Center Open Joint-Stock Company Short corporate name OAO IDGC of the Center Location 129090, Moscow, Glukharev pereulok, d. 4/2 Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 50.231% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 50.231% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Provision of electric power transmission Description of the company’s core business services. Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Belgorod, Bryansk, Voronezh, Kostroma, Kursk, Lipetsk, Orel, Tambov, Smolensk, Tver and Yaroslavl Regions. Receipt of dividend income.
Members of the Board of Directors of the company.
1. Andrei Alexandrovich Dyomin, Chairman of the Board of Directors Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 86 2. Pavel Ivanovich Oklei Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexander Markovich Branis Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Dmitry Alexandrovich Burnashev Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Alexei Romanovich Kachai Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Alexei Vitalievich Klaptsov Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Evgeny Fyodorovich Makarov Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Misrikhan Shapievich Misrikhanov Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Alexander Grigorievich Starchenko Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:
87 none 11. Sergei Borisovich Syutkin Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company
1. Evgeny Fyodorovich Makarov, Chairman of the Management Board Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Anatoly Kuzmich Merzlyakov Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Dmitry Nikolaevich Aleshin Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Evgeny Alexeyevich Bronnikov Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Konstantin Viktorovich Kotikov Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Vladislav Lvovich Nazin Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Pavel Andreyevich Obukhov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Vadim Nikolaevich Fyodorov 88 Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Sergei Anatolievich Shumakher Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0.00000071433% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0.00000071433% Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Evgeny Fyodorovich Makarov Year of birth 1955 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
30. Full corporate name Interregional Distribution Grid Company of the Center and Volga Region Open Joint-Stock Company Short corporate name OAO IDGC of the Center and Volga Location 603950, Russian Federation, Nizhni Novgorod, ul. Rozhdestvenskaya, d. 33.
Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 50.4% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 50.4% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0.00482% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0.00482% dependent company Provision of electric power transmission Description of the company’s core business services Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Vladimir, Ivanovo, Kaluga, Kirov, Nizhni Novgorod, Ryazan, Tula Regions; the Republic of Marij El and the 89 Udmurtian Republic. Receipt of dividend income.
Members of the Board of Directors of the company.
1. Pavel Ivanovich Oklei, Chairman of the Board of Directors Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Iskander Dzhangirovich Ametov Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexander Markovich Branis Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Maxim Nikolaevich Bunyakin Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Alexei Valerievich Kurochkin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Andrei Vladimirovich Gabov Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Vladimir Vyacheslavovich Inozemtsev Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 90 9. Misrikhan Shapievich Misrikhanov Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Wolfgang Skribot Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Evgeny Viktorovich Ushakov Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company
1. Evgeny Viktorovich Ushakov, Chairman of the Management Board of the Company Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Evgeny Vladimirovich Nikitushkin Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Sergei Timofeyevich Andrus Year of birth: 1962 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Olga Vladimirovna Tikhomirova Year of birth: 1964 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Alexander Rudolfovich Slovtsov Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Lada Alexandrovna Podolskaya 91 Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Irina Viktorovna Yashanina Year of birth: 1962 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Vladimir Viktorovich Shits Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Alexander Vassilievich Prepodobny Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Evgeny Viktorovich Ushakov Year of birth 1964 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
31. Full corporate name Moscow United Electric Grid Company Open Joint-Stock Company Short corporate name - OAO Moscow United Electric Grid Company; - OAO MOESK Location 142100, Russian Federation, Moscow Region, Podolsk, ul. Ordzhonikidze, d. 27. Grounds for recognizing the company as The company is recognized as subsidiary since subsidiary or dependent company of the the Issuer is in a position to define the Issuer decisions adopted by such company due to a predominant stake in its authorized capital.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 50.905% company. Percentage of ordinary shares in the 50.905% subsidiary and/or dependent company owned 92 by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Provision of services related to electric power Description of the company’s core business transmission and distribution.
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Moscow Region. Receipt of dividend income
Members of the Board of Directors of the company.
1. Andrei Natanovich Rappoport, Chairman of the Board of Directors Year of birth: 1963 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Alexander Ivanovich Kazakov Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Misrikhan Shapievich Misrikhanov Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Denis Lvovich Gurianov Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Igor Alikovich Zenyukov Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Vladimir Nikolaevich Silkin Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Nikolai Grigorievich Shulginov 93 Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Alexander Nikolaevich Chistyakov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Wolfgang Skribot Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Anatoly Anatolievich Gavrilenko Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Sergei Mikhailovich Kerber Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 12. Sergei Valentinovich Grishchenko Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 13. Yury Ivanovich Trofimov Year of birth: 1945 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company
1. Yury Ivanovich Trofimov – Chairman of the Management Board of the Company Year of birth: 1945 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Andrei Vladimirovich Mayorov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer:
94 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Valery Petrovich Bolshakov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Sergei Vladimirovich Verevkin-Rakhalsky Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Stanislav Vyacheslavovich Voronin Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Georgy Nikolaevich Groshev Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Oleg Anatolievich Kazakov Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Evgeny Anatolievich Kopanov Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Pavel Anatolievich Livinsky Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Alexander Alexandrovich Mityaev Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Alexander Grigorievich Raev Year of birth: 1955
95 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 12. Lyudmila Alexeyevna Sklyarova Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 13. Nikolai Mikhailovich Soldatov Year of birth: 1940 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 14. Anatoly Anatolievich Talalaev Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 15. Igor Alexeyevich Kosolapov Year of birth: 1971 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 16. Igor Vassilievich Suchkov Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 17. Viktor Andreyevich Shapoval Year of birth: 1940 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Director General. Full name Yury Ivanovich Trofimov Year of birth 1945 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
32. Full corporate name Open Joint-Stock Company for Energy and 96 Electrification of Kuban Short corporate name OAO Kubanenergo Location 350033, Russian Federation, Krasnodar, ul. Stavropolskaya, d. 2. Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 49% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 49% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Electric power transmission. Description of the company’s core business
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Stavropol Territory. Receipt of dividend income
Members of the Board of Directors of the company.
1. Alexander Ilyich Gavrilov, Chairman of the Board of Directors Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Mikhail Ivanovich Belonogov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Dmitry Alexandrovich Bolotov Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Vitaly Vassilievich Brizhan Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Evgeny Nikolaevich Bykhanov 97 Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Dmitry Vassilievich Gurin Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: 0,001% Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 0,001% 7. Vyacheslav Yurievich Kostetsky Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Igor Anatolievich Lunev Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Dmitry Vladimirovich Pestov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Viktor Viktorovich Sadovoy Year of birth: 1946 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Georgy Akhmedovich Sultanov Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the Management Board of the company
1. Alexander Ilyich Gavrilov – Chairman of the Management Board Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Nikolai Ivanovich Boiko Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer:
98 none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Lyudmila Alexeyevna Golovakha Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Vyacheslav Yurievich Kostetsky Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Vitaly Alexandrovich Kocherga Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Igor Anatolievich Lunev Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alexander Vassilievich Manukalo Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Alexander Anatolievich Marichev Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Inver Yusufovich Natkho Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Dmitry Vladimirovich Pestov Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Andrei Ivanovich Pidronov Year of birth: 1960
99 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 12. Vladimir Petrovich Popov Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 13. Grigory Grigorievich Savin Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Individual acting as sole executive body of the subsidiary and/or dependent company:
Managing entity Full corporate name Interregional Distribution Grid Company of South Open Joint-Stock Company Short corporate name OAO IDGC of South Location 344002, Rostov-on-Don, ul. Bolshaya Sadovaya, 49.
Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
33. Full corporate name Ingushenergo Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Ingushenergo Location 366720, Ingushi Republic, Nazran, ul. Mutalieva, 23.
Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 49.002% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 49.002% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. 100 Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Electric power transmission. Description of the company’s core business
Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Ingushi Republic. Receipt of dividend income
Members of the Board of Directors of the company.
1. Andrei Nikolaevich Kharin, Chairman of the Board of Directors Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Boris Khyzyrovich Misirov Year of birth: 1963 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Aslan Cholpanovich Apsuvaev Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Sergei Olegovich Erdenko Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Magomed-Afendi Akhmedovich Malsagov Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity. Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus 101 Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual 0%
34. Full corporate name Grozenergo Open Joint-Stock Company for Energy and Electrification of the Chechen Republic Short corporate name АО Grozenergo Location 364000, Grozny, Staropromyslovskoye shosse, d. 6 Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 49% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 49% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company The company does not conduct business Description of the company’s core business operations
Description of the role of such company for Minor the functioning of JSC IDGC Holding
Members of the Board of Directors of the company: The board of directors was not formed since it was not elected by the General Meeting of Shareholders of the company.
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity. Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 102 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual
35. Full corporate name Sevkavkazenergo Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Sevkavkazenergo Location 362040, Republic of North Ossetia-Alania, Vladikavkaz, ul. Tamaeva, d. 19 Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 49.001% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 49.001% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Supply (sale) of electricity and heat using the Description of the company’s core business established tariffs in accordance with electrical and thermal load profiles Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in North Ossetia-Alania. Receipt of dividend income
Members of the Board of Directors of the company.
1. Armen Vladimirovich Danielyan, Chairman of the Board of Directors Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Leonid Leonidovich Trubenkov Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Konstantin Edikovich Gabisov Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 103 4. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Polina Vyacheslavovna Smirnova Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Bela Mukharbievna Suyunova Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Khvicha Pataevich Kharchilava Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Managing entity Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
36. Full corporate name Moscow Power Grid Management Company Open Joint-Stock Company Short corporate name OAO MUEK
Location 115035, Moscow, ul. Sadovnicheskaya, d. 36, str. 1.
104 Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 50% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 50% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company
Acting as sole executive bodies of joint-stock companies and other business entities in Description of the company’s core business accordance with the procedure specified in the laws of the Russian Federation and existing agreements
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company. The Board of Directors is not provided for by the articles of association of the company.
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Yury Ivanovich Trofimov Year of birth 1945 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
37. Full corporate name Northwest Energy Management Company Open Joint-Stock Company Short corporate name OAO SZUEK Location 191186, Saint Petersburg, Marsovo pole, d. 1. Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
105 Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 49% company. Percentage of ordinary shares in the 57.4% subsidiary and/or dependent company owned by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Acting as sole executive bodies of joint-stock companies and other business entities in accordance with the procedure specified in the Description of the company’s core business laws of the Russian Federation and existing agreements
Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Albert Firyatovich Bikmurzin, Chairman of the Board of Directors Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Irina Vadimovna Grave Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexei Alexandrovich Zotov Year of birth: 1977 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Nikolai Alexeyevich Grishaev Year of birth: 1978 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Sergei Sergeyevich Fil Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 106 6. Nikolai Zinovievich Sokolovsky Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Liana Elkhanovna Osmanova Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 8. Olga Vladimirovna Skitova Year of birth: 1981 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 9. Dmitry Borisovich Novoselov Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 10. Marina Alexandrovna Balabanova Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 11. Vladislav Grigorievich Kuzminov Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Vladislav Grigorievich Kuzminov Year of birth 1969 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
38. Full corporate name ChirkeyGESstroy Open Joint-Stock Company 107 Short corporate name OAO ChirkeyGESstroy Location 367000, Republic of Dagestan, Makhachkala, ul. Kazbekova, pereulok Avtomobilistov, 7a Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 25% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Description of the company’s core business Construction operations Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Alexei Viktorovich Maslov, Chairman of the Board of Directors Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Mukhudin Sadrudinovich Mukhudinov Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Valentin Anatolievich Stafievsky Year of birth: 1939 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexander Ivanovich Vislovich Year of birth: 1936 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Dmitry Sergeyevich Borisov Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none 108 Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Dzhalaldin Yakhievich Zakriev Year of birth: 1957 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Mukhudin Sadrudinovich Mukhudinov Year of birth 1955 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
39. Full corporate name Bureyagesstroy Open Joint-Stock Company Short corporate name OAO Bureyagesstroy Location 676730, Russia, Amur Region, Bureysky District, village of Talakan. Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25.011% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 25.011% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Activities of the primary contractor for the Description of the company’s core business construction of Bureyskaya HPP Description of the role of such company for Receipt of dividend income the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Margarita Vyacheslavovna Ermolaeva, Chairman of the Board of Directors Year of birth: 1962 109 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Polina Davidovna Levina Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Vyacheslav Pavlovich Voronin Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Rim Khamitovich Khafizov Year of birth: 1958 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Alexei Anatolievich Ershov Year of birth: 1969 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Gennady Nikolaevich Kuznetsov Year of birth: 1951 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Anna Grigorievna Batashova Year of birth: 1968 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Gennady Nikolaevich Kuznetsov Year of birth 1951 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC 0% 110 Holding owned by the above-mentioned individual
40. Full corporate name Krzhizhanovsky Power Engineering Institute Open Joint-Stock Company Short corporate name OAO ENIN Location 119991, Moscow, Leninsky prospekt, 19. Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 31.342% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 31.342% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Description of the company’s core business Research Description of the role of such company for Provision of research services to the issuer in the functioning of JSC IDGC Holding the field of power engineering
Members of the Board of Directors of the company.
1. Yakov Moiseyevich Urinson, Chairman of the Board of Directors Year of birth: 1944 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Eduard Petrovich Volkov Year of birth: 1938 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Alexander Mikhailovich Levtsev Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexei Anatolievich Romanov Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 111 none 5. Maxim Mikhailovich Saukh Year of birth: 1979 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Chief Executive Officer. Full name Eduard Petrovich Volkov Year of birth 1938 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
41. Full corporate name Northwest Energy Engineering Center Open Joint-Stock Company Short corporate name OAO SevZap NTTs Location 191036, Saint Petersburg, Nevsky prospekt, 111/3 Grounds for recognizing the company as subsidiary or dependent company of the 25% Issuer Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 0% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Activities related to the integrated engineering Description of the company’s core business of heat and electricity supply facilities (CHPPs, boiler plants, heat networks). Description of the role of such company for Services related to the integrated engineering the functioning of JSC IDGC Holding of power grid facilities
Members of the Board of Directors of the company.
112 1. Anton Alexandrovich Vassiliev, Chairman of the Board of Directors Year of birth: 1956 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Vladimir Tikhonovich Zhidkov Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Yury Vladislavovich Manevich Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexander Mikhailovich Muratkin Year of birth: 1952 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Sergei Alexeyevich Romanenko Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Alexander Viktorovich Subbotin Year of birth: 1975 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alexander Efimovich Superfin Year of birth: 1959 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Yury Vladislavovich Manevich Year of birth 1972 Stake in the authorized capital of JSC IDGC 0% Holding, the issuer, owned by the above- 113 mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
42. Full corporate name Volga Region Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Volga Region EEC Location 443001, Samara, ul. Samarskaya, d. 203 b Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 25% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Activities related to the re-equipment, Description of the company’s core business rehabilitation and construction of power facilities Description of the role of such company for Provision of integrated engineering services the functioning of JSC IDGC Holding
Members of the Board of Directors of the company.
1. Vyacheslav Pavlovich Voronin, Chairman of the Board of Directors Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Anatoly Pavlovich Lavinsky Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Elena Nikolaevna Baigarina Year of birth: 1953 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Margarita Vyacheslavovna Ermolaeva 114 Year of birth: 1962 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Vassily Vladislavovich Nikonov Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Rasim Magsumovich Khaziakhmetov Year of birth: 1954 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Alexei Gennadievich Sharkov Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Alexander Borisovich Remezentsev Year of birth 1960 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
43. Full corporate name South Energy Engineering Center Open Joint- Stock Company Short corporate name OAO South EEC Location 350058, Krasnodar, ul. Starokubanskaya, d. 116 Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25% company. Percentage of ordinary shares in the 25% subsidiary and/or dependent company owned 115 by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Activities related to the construction, re- Description of the company’s core business equipment and rehabilitation of power facilities Description of the role of such company for Services related to the construction, re- the functioning of JSC IDGC Holding equipment and rehabilitation of power grid facilities
Members of the Board of Directors of the company.
1. Anatoly Pavlovich Lavinsky, Chairman of the Board of Directors Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Dmitry Germanovich Solodyankin Year of birth: 1967 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Maxim Anatolievich Petrikhin Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alexei Vassilievich Lyakhov Year of birth: 1974 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Alexei Gennadievich Sharkov Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Vyacheslav Pavlovich Voronin Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Sergei Viktorovich Inkov Year of birth: 1959 116 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Sergei Viktorovich Inkov Year of birth 1959 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
44. Full corporate name Urals Energy Engineering Center Open Joint- Stock Company – URALVNIPIENERGOPROM, Uralselenergoproekt, UralTEP, UralORGRES, UralVTI, Uralenergosetproekt, Chelyabenergosetproekt Short corporate name OAO Urals Energy Engineering Center
Location 620075, Russia, Sverdlovsk Region, Yekaterinburg, ul. Pervomaiskaya, 56 (legal address) 620075, Sverdlovsk Region, Yekaterinburg, ul. Pervomaiskaya, 56, P.O. Box 171, office 527 (postal address)
Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25.001% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 25.001% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Activities related to the construction, re- Description of the company’s core business equipment and rehabilitation of power facilities 117 Description of the role of such company for Services related to the construction, re- the functioning of JSC IDGC Holding equipment and rehabilitation of power grid facilities
Members of the Board of Directors of the company.
1. Vyacheslav Pavlovich Voronin, Chairman of the Board of Directors Year of birth: 1949 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Arkady Alexandrovich Egorov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Sergei Vassilievich Mishcheryakov Year of birth: 1955 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Sergei Ivanovich Kozlov Year of birth: 1963 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Anatoly Pavlovich Lavinsky Year of birth: 1948 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Yury Petrovich Shevelev Year of birth: 1962 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Vladimir Vyacheslavovich Kharitonov Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: 118 Director General. Full name Arkady Alexandrovich Egorov
Year of birth 1960 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
45. Full corporate name Siberian Energy Research and Development Center Open Joint-Stock Company Short corporate name OAO Siberian ENTTs Location 630132, Novosibirsk Region, Novosibirsk, ul. Dimitrova, d. 7 Grounds for recognizing the company as The company is recognized as dependent since subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 25% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 25% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Activities related to the design, construction, Description of the company’s core business re-equipment and rehabilitation of power facilities Description of the role of such company for Services related to the design, construction, re- the functioning of JSC IDGC Holding equipment and rehabilitation of power grid facilities
Members of the Board of Directors of the company.
1. Stanislav Yurievich Berus, Chairman of the Board of Directors Year of birth: 1985 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Svetlana Vladimirovna Blokhina Year of birth: 1966 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 119 none 3. Ilya Alexandrovich Vergizaev Year of birth: 1973 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Alla Sergeyevna Radaeva Year of birth: 1982 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Kristina Alexandrovna Rogozhina Year of birth: 1980 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 6. Valery Viktorovich Tropina Year of birth: 1950 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 7. Mikhail Borisovich Filatov Year of birth: 1970 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company: Director General. Full name Maxim Alexandrovich Chakhovsky Year of birth 1970 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
46. Full corporate name Nurenergo Open Joint-Stock Company Short corporate name OAO Nurenergo Location 364000, Chechen Republic, Grozny, Staropromyslovskoye shosse, 6.
Grounds for recognizing the company as The company is recognized as dependent since 120 subsidiary or dependent company of the the Issuer has more than twenty percent of Issuer voting shares in the joint-stock company.
Stake held by the Issuer in the authorized capital of the subsidiary and/or dependent 23% company. Percentage of ordinary shares in the subsidiary and/or dependent company owned 23% by the Issuer. Stake held by the subsidiary and/or dependent company in the authorized capital of the 0% Issuer. Percentage of ordinary shares in JSC IDGC Holding owned by the subsidiary and/or 0% dependent company Supply (sale) of electricity and heat using the Description of the company’s core business established tariffs in accordance with electrical and thermal load profiles Description of the role of such company for Support for the operation of power distribution the functioning of JSC IDGC Holding grid facilities in the Chechen Republic. Receipt of dividend income
Members of the Board of Directors of the company.
1. Said-Khasan Salmanovich Murtazaliev, Chairman of the Board of Directors Year of birth: 1953 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 2. Mamsur Usamovich Bakanniev Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 3. Magomed Kadyevich Kaitov Year of birth: 1960 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 4. Khvicha Pataevich Kharchilava Year of birth: 1972 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: none 5. Zaur Dalkhatovich Gekkiev Year of birth: 1961 Stake held by the above-mentioned individual in the authorized capital of the issuer: none Percentage of the issuer’s ordinary shares owned by the above-mentioned individual: 121 none
Members of the collegial executive body of the company: Collegial executive body is not provided for by the articles of association of the company.
Individual acting as sole executive body of the subsidiary and/or dependent company:
Managing entity Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company.
Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake in the authorized capital of JSC IDGC Holding, the issuer, owned by the above- 0% mentioned individual Percentage of ordinary shares in JSC IDGC Holding owned by the above-mentioned 0% individual
4.6. Composition, Breakdown and Value of the Fixed Assets of JSC IDGC Holding, Information Concerning Plans for the Acquisition, Replacement, Retirement of Fixed Assets and All Evidence of Encumbrance of the Fixed Assets of JSC IDGC Holding
4.6.1. Fixed Assets
Information concerning the original (replacement) value of fixed assets and the amount of accumulated depreciation for the 5 most recently closed fiscal years or each closed fiscal year and as of the final date of the most recently closed reporting period up to the date of approval of the securities prospectus are not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. Provided below are indicators as of July 1, 2008, as specified in the initial balance sheet of the issuer (rubles):
Original (replacement) value of fixed assets, including: 8,860,743.35 Buildings, structures, machinery and equipment 8,676,545.35 other types of fixed assets 184,198.00 Amount of accumulated depreciation: 0
Depreciation of housing, land improvement and other similar 66,034.71 facilities
Information concerning the methods for accumulating depreciation on fixed asset groups
Straight-line depreciation method is used to accumulate depreciation on all groups of fixed assets.
122 Results of the most recent revaluation of fixed assets and fixed assets under long-term lease as from the date of state registration of the Issuer if the issuer has operated for less than 5 years, including the date of revaluation, full and replacement book value (net of depreciation) of fixed assets before revaluation and full and replacement book value (net of depreciation) of fixed assets after revaluation. The above-mentioned information is provided for fixed asset groups.
The results of fixed asset revaluation are not specified herein since fixed assets were not revalued.
Information concerning plans for the acquisition, replacement, retirement of fixed assets accounting for 10 percent or more of the issuer’s fixed asset value and other fixed assets at the issuer’s discretion
It is not planned to purchase, replace or dispose of fixed assets accounting for 10 percent or more of the issuer’s fixed asset value.
Information concerning all evidence of encumbrance of the issuer’s fixed assets as of the date of approval of the securities prospectus.
The issuer entered into lease agreement No. 79-46/A-22 of December 19, 2006, for the issuer’s stake of 24/100 in the building located at: Nizhni Novgorod, bulvar Mira, 14. The counterparty is OAO Engineering Center. The agreement was extended by the unnumbered supplementary agreement of February 29, 2008. Lease will expire on May 31, 2010.
123 V. Information Concerning the Financing and Economic Activities of JSC IDGC Holding.
5.1. Financial and Economic Performance of the Issuer
5.1.1. Profit and Loss
Information for the 5 most recently closed fiscal years or each closed fiscal year and economic analysis of the issuer’s profit/loss are not specified herein since the issuer was established on July 1, 2008. Uncovered loss as of July 1, 2008, as specified in the separation balance sheet is 0 rubles.
5.1.2. Factors Which Affected the Amount of Profit/Loss from the Issuer’s Operating Activities This paragraph is not completed since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
5.2. Liquidity of the Issuer, Capital and Current Asset Adequacy
This paragraph is not completed since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
5.3. Value and Structure of the Capital and Current Assets of JSC IDGC Holding
5.3.1. Value and Structure of the Issuer’s Capital and Current Assets
Information for the five most recently closed fiscal years or each closed fiscal year are not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. Provided below is the information concerning the amount and structure of capital and current assets contained in the initial balance sheet of the issuer as of July 1, 2008.
Indicator As of July 1, 2008 а) authorized capital of the issuer (recorded in the 43,116,903,368 balance sheet), rubles conformity of the issuer’s authorized capital yes specified in this section to the constitutive documents of the issuer b) total value of the issuer’s shares (stakes) 0 repurchased by the issuer for further resale (transfer), including the value of such shares (stakes) as a percentage of the issuer’s outstanding shares (authorized capital), rubles c) operating surplus of the issuer, rubles 0 d) incremental capital of the issuer reflecting asset 0 value increment identified through revaluation, rubles Difference between the selling price (offering price) 0 and par value of shares (stakes) in the Company resulting from the sale of shares (stakes) at a price higher than the par value, rubles e) undistributed net profit of the issuer, rubles 195,341,204,292.09 124 f) total capital of the issuer, rubles 238,458,107,660.09
The analysis of changes in the above-mentioned value and structure of the issuer’s capital and current assets is are not specified herein since the issuer was established on July 1, 2008, and as of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
Value and structure of the issuer’s capital and current assets as specified in the initial balance sheet of the issuer as of July 1, 2008
Indicator As of July 1, 2008 Inventories, rubles 68,563,932.07 To current assets, % 0.51
Value added tax on assets purchased, rubles 255,032,359.18 To current assets, % 1.9 Accounts receivable (amounts falling due within more than 12 months of the balance sheet date), rubles 4,844,730,282.61 To current assets, % 36.18
Accounts receivable (amounts falling due within 12 months of the balance sheet date), rubles 7,821,434,274.84 To current assets, % 58.41
Short-term financial investments, rubles 79,603,762.63 To current assets, % 0.6 Cash, rubles 320,095,769.87 To current assets, % 2.4 Other current assets, rubles 0 To current assets, % 0 Total current assets, rubles 13,389,460,381.2
Sources of capital funding used by the issuer (equity, loans, advances): The principal source of capital funding is the issuer’s equity.
Capital funding policy of the issuer: Maintaining liquidity, payables and receivables turnover and solvency of the issuer so as to ensure the timely performance of obligations to creditors without raising borrowings from lending institutions for capital funding purposes.
Factors which can cause changes in capital funding policy and assessment of their likelihood: Possible factor which can cause changes in capital funding policy is the deterioration of the issuer’s financial standing, necessitating borrowings from creditors for capital funding purposes. This event is unlikely to occur.
5.3.2. Financial Investments of JSC IDGC Holding
125 List of the issuer’s financial investment accounting for 10 percent or more of its aggregate financial investments as of the end of the most recent fiscal year before the date of approval of the securities prospectus Since the issuer was established on July 1, 2008, and as of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due, data as of July 1, 2008 as specified in the initial balance sheet of the issuer are provided: The issuer does not have any financial investments accounting for 10 percent or more of its aggregate financial investments as of July 1, 2008.
5.3.3. Intangible Assets of the Issuer Since the issuer was established on July 1, 2008, and as of the date of approval of the securities prospectus the accounting statements for quarter 3 of 2008 are not yet due, data as of July 1, 2008 as specified in the initial balance sheet of the issuer are provided: Intangible assets as of July 1, 2008: not applicable.
5.4. Information Concerning the Policy and Expenses Incurred by JSC IDGC Holding in the Area of Scientific and Technological Development, in Respect of Licenses and Patents, New Developments and Research Information concerning the issuer’s policy in the area of scientific and technological development for the 5 most recently closed fiscal years, including the disclosure of research costs using the issuer’s equity is not provided since the issuer was established on July 1, 2008, and as of the date of approval of the securities prospectus no fiscal years were closed. The issuer does not own any intellectual property (invention, useful model and design patents, trademarks and service marks). The issuer neither created intellectual property, received legal protection of intellectual property nor spent funds on the legal protection of intellectual property or research activities. In this regard, risk factors associated with the expiration of trademark patents and licenses do not exist.
5.5. Analysis of Trends in the Core Business of JSC IDGC Holding Information concerning key trends in the branch of economy in which the issuer conducts its core business for the 5 most recently closed fiscal years or each closed fiscal year, the assessment of the issuer’s performance in this industry, conformity of the issuer’s performance to industry trends and the reasons for such performance are not specified herein since the issuer was established on July 1, 2008, and as of the date of approval of the securities prospectus, no fiscal years were closed.
5.5.1. Analysis of Factors and Conditions Affecting the Activities of JSC IDGC Holding Factors and conditions affecting the issuer’s activities and performance: The principal factors and conditions affecting the activities and performance of JSC IDGC Holding are transformations of the electricity industry as part of its reform and conditions affecting the general situation in the industry. It should be noted that all factors affecting SDCs ultimately affect the issuer’s performance too since the principal source of the issuer’s income is dividend on the shares in IDGCs. Currently, the principal factor impacting the issuer and its SDCs is government regulation of the electric power industry, including the regulation of electricity transmission and engineering connection services and tariff-setting in respect of such services. The Government of the Russian Federation and authorities of the constituent entities of the Russian Federation set the limits for electricity transmission tariffs. Russia’s average ranges between 9% and 11% per year.
Forecast of duration of the above-mentioned factors and conditions: 126 According to the issuer’s forecast, the above-mentioned factors will exist until 2011. After that, the issuer expects RAB tariff-setting system to be implemented into business practices, which can greatly improve the issuer’s performance.
Action which the issuer takes and action which the issuer plans to take in the future to benefit from these factors and conditions: To form optimal tariffs for its companies, the issuer systematically interacts with tariff authorities to set the tariffs including all economically feasible costs (whenever possible) and set reasonable loss limits. It also seeks to reduce costs, minimize losses by renovating worn-out equipment and expand the scope of provided services by commissioning new facilities. The issuer also takes action to get involved in the development of regulatory framework for the electric power industry. In particular, the issuer plans to participate in the work performed by Nonprofit Partnership Council for Organizing Efficient System of Trading at Wholesale and Retail Electricity and Capacity Market in order to be actively involved in the process. Better performance of the entire industry will also be achieved by: - balancing the interests of customers, investors and the government; - implementing long-term projects, attracting long-term investments at the lowest price; - allocating risks among all stakeholders in an optimal manner; - creating incentives encouraging companies to improve their performance due to cost reduction and investments in new technologies; - developing power grid facilities using scientifically grounded technical solutions and technologies tested in the operation of state-of-the-art electrical equipment; - ensuring a fair price of electricity transmission services depending on their reliability and quality.
Methods which the issuer uses and methods which the issuer plans to use in the future to weaken the adverse effect of factors and conditions affecting the issuer’s activities: The principal method which the issuer uses and plans to use in the future to weaken the adverse impact of factors and conditions is operational planning based on the analysis of economic situation.
Material events/factors which can have the strongest adverse effect on the possibility of equal or higher performance of the issuer in the future compared with its performance in the most recent reporting period and the likelihood of such events (factors): Possible negative factors which can affect the issuer’s activities include the inadequacy of electric grids in certain constituent entities of the Russian Federation in an environment of rapid power consumption growth, which leads to the overloads of transmission lines, substation transformers and equipment wear and tear, thus reducing the reliability of power supply to customers and causing additional financial costs to maintain its operation. In the issuer’s opinion, events and/or factors which can have the strongest adverse effect on the possibility of the issuer’s good performance in the future are negligible.
Material events/factors which can improve the issuer’s performance, their likelihood and duration Possible material factors which can improve the issuer’s performance include the implementation of RAB tariff-setting system into business practices. RAB tariff-setting system would allow the government to create market conditions in the monopolistic economic sector and oblige the regulator to monitor service quality and reliability parameters, prepare long-term industry forecasts and balance the interests of investors and customers. The issuer assesses the likelihood and duration of such factor as considerable.
5.5.2. Competitors of JSC IDGC Holding 127 The issuer is in charge of the corporate management (share management) of its subsidiaries and dependent companies (IDGCs) and therefore does not have any competitors since IDGCs are natural monopolies by operation of law. Competitiveness factors are not specified herein since subsidiaries and dependent companies (IDGCs) are natural monopolies. The issuer does not view the companies involved in similar activities abroad as its competitors since the issuer operates only in the Russian Federation.
VI. Detailed Information Concerning Individual Members of the Management Bodies of JSC IDGC Holding, the Bodies of JSC IDGC Holding Controlling Its Financing and Economic Activities and Brief Information Concerning the Employees (Personnel) of JSC IDGC Holding
6.1. Details of the Structure and Jurisdiction of the Management Bodies of JSC IDGC Holding. Full Description of the Structure of the Issuer’s Management Bodies and Their Jurisdiction as Specified in the Articles of Association of the Issuer.
The management bodies of the Issuer as specified in Article 9.1 of the Articles of Association of the Company are as follows: - General Meeting of Shareholders. - Board of Directors. - Director General.
The General Meeting of Shareholders is supreme management body of the Company. The following issues as specified in Article 10.2 of the Articles of Association of the Issuer fall within the jurisdiction of the General Meeting of Shareholders: "1) amendment of the Articles of Association of the Company or approval of the restated version of the Articles of Association of the Company; 2) reorganization of the Company in accordance with the procedure set forth in the federal laws and these Articles of Association; 3) liquidation of the Company, appointment of the liquidation committee and approval of the interim and final liquidation balance sheets; 4) election of members to the Board of Directors of the Company and early termination of their authority, establishment of the amount of remuneration or compensation payable to members of the Board of Directors of the Company; 5) determination of the quantity, par value, category (type) of authorized shares and the rights carried by such shares; 6) expansion of the authorized capital of the Company through an increase in the par value of shares or follow-on offering conducted by the Company as provided for by these Articles of Association; 7) reduction of the authorized capital of the Company by decreasing the par value of shares, through the acquisition of a portion of shares by the Company for the purposes of reducing their total number and by means of redemption of shares acquired or repurchased by the Company; 8) election of members of the Internal Audit Commission of the Company and early termination of their authority, establishment of the amount of remuneration or compensation payable to members of the Internal Audit Commission of the Company; 9) approval of the Company's auditor; 10) approval of annual reports, annual financial statements, including profit and loss statements (income statements) of the Company, as well as appropriation of profit, including payment (declaration) of dividends, with the exception of profit distributed as dividends for the first 128 quarter, six months, nine months of the fiscal year), and loss of the Company based on the fiscal year performance; 11) determination of the procedure for holding the General Meeting of Shareholders; 12) stock split and reverse stock split; 13) adoption of the resolution on the approval of transactions as provided for by Article 83 of the Federal Law "On Joint-Stock Companies"; 14) adoption of resolutions on the approval of material transactions as provided for by Article 79 of this Federal Law "On Joint-Stock Companies"; 15) adoption of the resolution on participation of the Company in financial and industrial groups, associations and other groups of business entities; 16) approval of internal documents governing the activities of the Company's bodies; 17) payment (declaration) of dividends for the first quarter, six months, nine months of the fiscal year; 18) resolution of other issues provided for by the Federal Law "On Joint-Stock Companies".
The authority of the Board of Directors of the Issuer is provided for by Article 11.1 of the Articles of Association of the Issuer: "The Board of Directors of the Company is authorized to solve issues related to the general management of the Company's activities, with the exception of issues falling within the jurisdiction of the General Meeting of Shareholders as specified in the Articles of Association of the Company. The jurisdiction of the Board of Directors of the Company covers the following issues: 1. determination of high-priority activities of the Company; 2. convening of the annual and extraordinary General Meetings of the Company except as provided for by paragraph 10.7.8 of the Articles of Association; 3. approval of the agenda of the General Meeting of Shareholders; 4. determination of the date of preparation of the list of individuals entitled to participate in the General Meeting of Shareholders and any other issues falling within the jurisdiction of the Board of Directors of the Company as provided for by Chapter VII of the Federal Law "On Joint-Stock Companies" and related to the preparation and holding of the General Meeting of Shareholders; 5. submission of the issues provided for by subparagraphs 2, 6 and 12-16 of paragraph 10.2 of the Articles of Association and the issue of reduction of the authorized capital of the Company by decreasing the par value of shares for consideration by the General Meeting of Shareholders; 6. expansion of the authorized capital of the Company through the follow-on offering conducted by the Company as provided for by these Articles of Association; 7. approval of resolutions on the issuance of securities, securities prospectuses, securities issuance reports, approval of the report on the purchase of shares from the shareholders of the Company, share redemption reports, reports on the submission of share redemption requests by the shareholders of the Company owning such shares; 8. placement by the Company of bonds or any other issue-grade securities as provided for by the Federal Law "On Joint-Stock Companies" and these Articles of Association; 9. determination of the price (monetary value) of the property, the offering and repurchase price of issue-grade securities as provided for by the Federal Law "On Joint-Stock Companies"; 10. acquisition of shares, bonds or any other issue-grade securities placed by the Company as provided for by the Federal Law "On Joint-Stock Companies"; 11. approval of the terms and conditions of the agreement with the Director General of the Company, establishment of the amount of remuneration and compensation payable to the Director General of the Company or appointment of the individual authorized to approve the terms and conditions of the agreement with the Director General of the Company and establish the amount of remuneration and compensation payable to the Director General of the Company; 12. recommendations concerning the amount of remuneration and compensation payable to members of the Internal Audit Commission of the Company; determination of the amount of auditor's fee;
129 13. recommendations concerning the amount of dividend on shares and its payment procedure; 14. determination of the procedure for the establishment and use of the Company's funds; 15. approval of the internal documents of the Company, with the exception of internal documents whose approval falls within the jurisdiction of the General Meeting of Shareholders or the jurisdiction of the Director General of the Company as specified in these Articles of Association; approval of the expense budget for the executive arm of the Company, including costs required to maintain the office of the Board of Directors of the Company; 16. establishment (liquidation) of branches and opening (liquidation) of representative offices of the Company; respective amendment of the Articles of Association of the Company; 17. adoption of resolutions on participation of the Company in entities other than those specified in subparagraph 10.2.15 of these Articles of Association (admission to the existing entity or establishment of a new entity), acquisition, disposition and encumbrance of their shares and stakes, change in the stake in the authorized capital of the above-mentioned entities; 18. approval of material transactions as provided for by Charter X of the Federal Law "On Joint- Stock Companies"; 19. approval of transactions provided for by Chapter XI of the Federal Law "On Joint-Stock Companies"; 20. determination of the policy and adoption of resolutions related to the obtainment and extension (provision) of advances, loans, credits, guarantees, pledge and warranties in accordance with the procedure specified by the Board of Directors of the Company; 21. approval of the procedure for interaction of the Company with the economic entities whose shares (equities) are Owned by the Company; adoption of resolutions falling within its jurisdiction in accordance therewith; 22. determination of position of the Company (representatives of the Company), including instructions to take or not to take part in the voting on agenda items, vote "For", "Against" or "Abstain", while voting on draft resolutions on the following agendas of general meetings of shareholders (participants) of the subsidiaries and dependent business entities (hereinafter "SDCs") (except when the functions of general meetings of shareholders of SDCs are performed by the Board of Directors of the Company) and meetings of the Boards of Directors of SDCs (with the exception of the issue of approval of the agenda of general meetings of shareholders of SDCs when the functions of general meetings of shareholders of SDCs are performed by the Board of Directors of the Company), specifically for the Company to exercise control of the resolutions adopted by the subsidiaries and dependent companies of SDCs: a) determination of agenda of the general meeting of shareholders (participants) of SDCs; b) reorganization or liquidation of SDCs; c) determination of the total number of members of the Board of Directors of SDCs, nomination and election of its members and early termination of their authority; d) determination of the quantity, par value, category (type) of authorized shares in SDCs and the rights carried by such shares; e) expansion of the authorized capital of SDCs through an increase in the par value of shares or follow-on offering; f) placement of securities of SDCs convertible into ordinary shares; g) split and reverse split of stock of SDCs; h) approval of material transactions executed by SDCs; i) participation of SDCs in any other entities (admission to the existing entity or establishment of a new entity) and (with due account for the provisions of subparagraphs "j" and "k") acquisition, disposition and encumbrance of shares and stakes in the authorized capitals of entities in which SDCs participate; change in the stake in the authorized capital of the entity concerned; j) execution by SDCs of transactions (including the acquisition, disposition, pledge or any other encumbrance through the execution of one or more inter-related transactions) in shares and stakes in the subsidiaries and dependent companies of SDCs which produce, transmit, dispatch, distribute and sell electricity and heat irrespective of the number of shares (amount of stakes in authorized capital) in such entities;
130 k) execution by SDCs of transactions (including the acquisition, disposition, pledge or any other encumbrance through the execution of one or more inter-related transactions) in shares and stakes in the subsidiaries and dependent companies of SDCs which do not produce, transmit, dispatch, distribute and sell electricity and heat; l) execution by SDCs of transactions (including several inter-related transactions) concerning the disposal or possibility of disposal of property which constitutes fixed assets, intangible assets, construction-in-progress assets used for the purposes of production, transmission, dispatch and distribution of electricity and heat; m) execution by SDCs of any transactions (including several inter-related transactions) concerning the disposal or possibility of disposal of property which constitutes fixed assets, intangible assets, construction-in-progress assets not used for the purposes of production, transmission, dispatch and distribution of electricity and heat; n) determination of positions of the representatives of SDCs for issues on the agendas of general meetings of shareholders (participants) and meetings of the Boards of Directors of the subsidiaries and dependent companies of SDCs regarding the execution (approval) of transactions (including several inter-related transactions) concerning the disposal or possibility of disposal of property which constitutes fixed assets, intangible assets, construction-in-progress assets used for the purposes of production, transmission, dispatch and distribution of electricity and heat; o) determination of positions of the representatives of SDCs for issues on the agendas of general meetings of shareholders (participants) and meetings of the Boards of Directors of the subsidiaries and dependent companies of SDCs which produce, transmit, dispatch, distribute and sell electricity and heat with respect to the reorganization, liquidation, expansion of the authorized capital of such entities through an increase in the par value of shares or follow-on offering, placement of securities convertible into ordinary shares. The Board of Directors of the Company adopts resolutions on the issues provided for by clauses "j", "k", "l", "m", "n" of subparagraph 11.1.22 of these Articles of Association in the instances (amounts) provided for by the procedure for interaction of the Company with the economic entities whose shares (equities) are owned by the Company as approved by the Board of Directors of the Company in accordance with subparagraph 11.1.21 of these Articles of Association. 23. prior approval (in accordance with the procedure set forth in the Procedural Rules for Holding the Board of Directors Meetings) of resolutions on the execution of transactions in the non-current assets of the Company worth 10 (ten) to 25 (twenty-five) percent of the book value of these assets on the date of adoption of the resolution on the execution of such transaction; 24. prior approval (in accordance with the procedure set forth in the Procedural Rules for Holding the Board of Directors Meetings) of resolutions on the execution by the Company of transactions (including several inter-related transactions) concerning the disposal or possibility of disposal of property which constitutes fixed assets, intangible assets, construction-in-progress assets used for the purposes of production, transmission, dispatch and distribution of electricity and heat in the instances (amounts) provided for by the individual procedure specified by the Board of Directors of the Company; 25. prior approval of resolutions on the execution by the Company of transactions (including several inter-related transactions) concerning the disposal or possibility of disposal of property which constitutes fixed assets, intangible assets, construction-in-progress assets not used for the purposes of production, transmission, dispatch and distribution of electricity and heat in the instances (amounts) provided for by the individual procedure specified by the Board of Directors of the Company; 26. approval of the Registrar of the Company and the terms and conditions of the agreement with the Registrar; termination of such agreement; 27. election (appointment) of the Director General of the Company and early termination of his/her authority;
131 28. other issues provided for by the Federal Law "On Joint-Stock Companies" and the Articles of Association of the Company."
The authority of the Director General of the Issuer is provided for by Articles 13.1 to 13.3 of the Articles of Association of the Issuer: "The Director General of the Company manages the daily operations of the Company pursuant to the resolutions of the General Meeting of Shareholders and the Board of Directors of the Company adopted within their respective jurisdiction. The jurisdiction of the Director General of the Company covers all issues related to the management of the Company's daily operations other than those falling within the jurisdiction of the General Meeting of Shareholders and the Board of Directors of the Company. The Director General of the Company acts on behalf of the Company without a power of attorney, specifically within the restrictions provided for by the applicable laws, these Articles of Association and the resolutions of the Board of Directors of the Company: 1) ensures the implementation of the Company's action plans necessary to accomplish its objectives; 2) organizes the maintenance of accounting records and reports by the Company; 3) manages the Company's property, executes transactions on behalf of the Company, issues powers of attorney, opens settlement and other accounts of the Company with banks and other lending institutions (and professional corporate participants in the securities market as provided for by laws); 4) issues orders, approves (adopts) instructions, local regulations and other internal documents of the Company on issues falling within its jurisdiction, gives directions binding upon all employees of the Company; 5) approves the regulations for branches and representative offices of the Company; 6) approves manning table and basic salaries of the Company's employees in accordance with the organizational structure of the Company's executive arm; 7) exercises the rights and performs the obligations of the employer in respect of the Company's employees provided for by the employment laws; 8) allocates responsibility among Deputy Directors General of the Company; 9) submits for consideration by the Board of Directors of the Company reports on the financing and economic activities of the subsidiaries and dependent companies whose shares (equities) are owned by the Company and information about other entities in which the Company participates; 10) not later than 45 (forty-five) days prior to the date of annual general meeting submit for consideration by the Board of Directors of the Company the annual report, balance sheet, profit and loss statement (income statement) of the Company, appropriation of the Company's profit and loss; 11) develops target key performance indicators (KPIs) for the divisions (executives) of the Company and assumes liability for their achievement; 12) submit to the Board of Directors of the Company reports on the target key performance indicators (KPIs) approved for the divisions (executives) of the Company and the results of their achievement; 13) solves other issues related to the daily operations of the Company, with the exception of issues falling within the jurisdiction of the General Meeting of Shareholders and the Board of Directors of the Company."
Information concerning the availability of the code of corporate conduct (governance) of the issuer or other similar document: The above-mentioned document was not approved as of the date of approval of the securities prospectus by the issuer and is being developed.
Information concerning the availability of the internal documents of the issuer governing the activities of its bodies:
132 The internal documents of the issuer governing the activities of its bodies were not approved as of the date of approval of the securities prospectus. The issuer is currently drafting the Regulations for the Preparation and Holding Procedure for the General Meeting of Shareholders and the Regulations for the Convening and Holding Procedure for Meetings of the Board of Directors, which are planned to be approved pursuant to the resolution of the General Meeting of Shareholders of the issuer.
Webpage on which the full text of the most recent version of the Articles of Association of the Issuer and the internal documents governing the activities of the Issuer's bodies is publicly available: www.fsk-ees.ru . The full text of the most recent version of the Articles of Association of the Issuer is available on the Internet at: http://www.e-disclosure.ru/portal/company.aspx?id=13806. The internal documents of the issuer governing the activities of its bodies will also be published on the above-mentioned website after their approval by the issuer.
6.2. Information About Individual Members of the Management Bodies of JSC IDGC Holding.
Information about members of the Board of Directors of JSC IDGC Holding 1. Kirill Gennadievich Androsov Year of birth: 1972 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: May 2008 – present Entity: the Russian Federation Government Office Position: Deputy Head of the Russian Federation Government Office
Period: November 2005 – May 2008 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Deputy Minister
Period: May 2004 – November 2005 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Department Director
Period: May 2000 – May 2004 Entity: OAO Lenenergo Position: First Deputy Director General for Economics and Finance
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0%
133 Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
2. Denis Arkadievich Askinadze Year of birth: 1974 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: March 2008 – July 2008 Entity: OAO Transneft Position: member of the Board of Directors
Period: November 2006 – March 2008 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Director of the Department for Tariff Regulation and Infrastructural Reforms
Period: October 2005 – November 2006 Entity: OAO Territorial Generation Company No. 1 Position: Head of the Economics Department
Period: July 2004 – September 2005 Entity: OAO Lenenergo Position: Director of the Economics Department
Period: April 2003 – July 2004 Entity: ZAO Avrora Management Position: Director General
Period: 2003 – April 2003 Entity: OAO Lenenergo Position: Director for the operation of hydraulic power plants
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0%
134 Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
3. Mikhail Ivanovich Buyanov Year of birth: 1949 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: May 2005 – 2007 Entity: Federal Energy Agency (Rosenergo) Position: Head of the Electricity Industry Division
Period: March 2002 – May 2005 Entity: the Russian Federation Government Office Position: Advisor to the Department for Industrial Development
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A.
135 Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
4. Alexander Stalievich Voloshin Year of birth: 1956 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: March 2008 – present Entity: INTER RAO UES Position: member of the Board of Directors
Period: 2004 – present Entity: SO – CDA Position: Chairman of the Board of Directors
Period: 2004 – June 2008 Entity: JSC FGC UES Position: member of the Board of Directors
Period: 2003 – June 2008 Entity: RAO UES of Russia Position: Chairman of the Board of Directors
Period: 1999 - 2003 Entity: Presidential Executive Office Position: Manager
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A
136 Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
5. Andrei Vladimirovich Dementiev Year of birth: 1967 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: 2008 – present Entity: INTER RAO UES Position: member of the Board of Directors
Period: 2007 – present Entity: JSC FGC UES Position: member of the Board of Directors
Period: 2006 – June 2008 Entity: RAO UES of Russia Position: member of the Board of Directors
Period: 2005 – present Entity: OAO KAMAZ Position: member of the Board of Directors
Period: 2008 – present Entity: the Ministry of Industry and Trade of the Russian Federation Position: Deputy Minister
Period: 2005 – 2008 Entity: the Ministry of Industry and Energy of the Russian Federation Position: Deputy Minister
Period: 2004 – 2005 Entity: the Ministry of Industry and Energy of the Russian Federation Position: Director of the Department of Structural and Investment Policy in Industry and Energy
Period: 2002 – 2004 Entity: Government of the Russian Federation
137 Position: Deputy Head of the Secretariat of the First Deputy Chairman of the Government of the Russian Federation
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
6. Alexander Ivanovich Kazakov Year of birth: 1948 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: Director General, member of the Board of Directors
Period: August 2007 – June 2008 Entity: JSC FGC UES Position: Deputy Chairman of the Management Board
Period: December 2005 – August 2007 Entity: OAO Moscow Power Grid Management Company Position: Director General
Period: December 2001 – December 2005 Entity: Council of Federation of the Federal Assembly of the Russian Federation Position: Chairman of the Council of the Federation Committee on Federal Affairs and Regional Policies
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0%
138 Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
7. Vyacheslav Mikhailovich Kravchenko Year of birth: 1967 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: Chairman of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: Chairman of the Board of Directors
Period: 2008 – present Entity: Administrator of Trading System of the Wholesale Power Market within the Unified Energy System Position: representative of the Government of the Russian Federation on the Supervisory Board
Period: 2008 – present Entity: ATS Position: member of the Board of Directors
Period: 2008 – present Entity: Financial Settling Center Position: member of the Board of Directors
Period: 2008 – present Entity: Non-Profit Partnership of Guaranteeing Suppliers and Power Suppliers Position: member of the Supervisory Board
Period: 2008 – present Entity: Design & Research Institute of Power Systems and Networks ENERGOSETPROJECT Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Russian Fuel Company Position: member of the Board of Directors
139
Period: 2008 – present Entity: OAO IDGC of the Urals Position: member of the Board of Directors
Period: 2008 – present Entity: OAO IDGC of Siberia Position: member of the Board of Directors
Period: 2008 – present Entity: OAO IDGC of Northwest Position: member of the Board of Directors
Period: 2008 – present Entity: OAO IDGC of the Center and Volga Position: member of the Board of Directors
Period: 2008 – present Entity: OAO IDGC of Volga Position: member of the Board of Directors
Period: 2008 – present Entity: OAO IDGC of South Position: member of the Board of Directors
Period: 2008 – present Entity: OAO IDGC of the Center Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Tyumenenergo Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Rosgazifikatsiya Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Kuzbassenergo Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Irkutskenergo Position: member of the Board of Directors
Period: 2008 – present Entity: Inter-Regional Exchange of Oil-and-Gas Complex Position: member of the Board of Directors
Period: 2008 – present Entity: OAO YuSK Position: member of the Board of Directors
140 Period: 09.2008 – present Entity: OOO RN-Energo Position: Director General
Period: 2004 – July 2008 Entity: the Ministry of Industry and Trade of the Russian Federation Position: Deputy Director of the Department for Structural and Investment Policy in Production and Power Sectors, Director of the Department for Structural and Tariff Policy in Natural Monopolies, Director of the Electricity Industry Department
Period: 2001 –2004 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Head of the Department for the Restructuring of Natural Monopolies
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
8. Mikhail Yuryevich Kurbatov Year of birth: 1981 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: August 2004 – present Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Director of the Department for State Tariff Regulation, Infrastructural Reforms and Energy Efficiency
141
Period: June 2008 – present Entity: JSC FGC UES Position: member of the Board of Directors
Period: June 2008 – present Entity: System Operator of the United Power System Position: member of the Board of Directors
Period: April 2008 – present Entity: OAO Territorial Generation Company No. 5 Position: member of the Board of Directors
Period: May 2006 – present Entity: OAO Sangtudinskaya HPP-1 Position: member of the Board of Directors
Period: November 2007 – present Entity: Administrator of Trading System of the Wholesale Power Market Position: member of the Board of Directors
Period: June 2007 – present Entity: OAO Irkutskenergo Position: member of the Board of Directors
Period: February 2007 – present Entity: Non-Profit Partnership of Guaranteeing Suppliers and Power Suppliers Position: member of the Supervisory Board
Period: June 2007 – June 2008 Entity: RAO UES of Russia Position: Chairman of the Internal Audit Commission
Period: June 2006 – June 2008 Entity: OAO RazHPP, Armenia Position: member of the Board of Directors
Period: December 2003 – May 2004 Entity: OOO Alfa-Integrator-BAAN CIS Position: consultant
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares.
142 Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
9. Yury Mitrofanovich Medvedev Year of birth: 1949 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: June 2008– present Entity: OAO ROSNEFTEGAZ Position: member of the Board of Directors
Period: 2008 – present Entity: SO – CDA Position: member of the Board of Directors
Period: 2008 – present Entity: OAO RusHydro Position: member of the Board of Directors
Period: 2008 – present Entity: OAO VEGA Radio Engineering Corporation Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Almaz-Antey Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Sovcomflot Position: member of the Board of Directors
Period: 2008 – present Entity: Viet Nam-Russia Joint Venture (Vietsovpetro) Position: member of the Council of the joint venture
Period: 2007 – present Entity: JSC FGC UES Position: Chairman of the Board of Directors
Period: 2007 – present
143 Entity: OAO VTB Bank Position: member of the Supervisory Board
Period: 2007 – present Entity: OAO Russian Agricultural Bank Position: member of the Supervisory Board
Period: 2006 – present Entity: OAO Mineral Waters of the Stavropol Territory Position: member of the Board of Directors
Period: 2005 – present Entity: OAO Kavminkurortresursy Position: member of the Board of Directors
Period: 2005 – present Entity: OAO Irkutskenergo Position: Chairman of the Board of Directors
Period: May 2004 – present Entity: the Federal Agency for Management of Federal Property of the Russian Federation Position: Deputy Manager
Period: 2002 – May 2004 Entity: the Ministry of Property Relations of the Russian Federation Position: First Deputy Minister
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
10. Gleb Sergeyevich Nikitin Year of birth: 1977 Education: higher education
Positions during the past 5 years:
144
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: 2006 – present Entity: OAO Aeroflot Position: member of the Board of Directors
Period: 2006 – present Entity: OJSC Oil Company Rosneft Position: member of the Board of Directors
Period: 2007 – present Entity: OAO Novorossiysk Center of Grain Production Position: member of the Board of Directors
Period: 2007 – present Entity: OAO Sovcomflot Position: member of the Board of Directors
Period: 2008 – present Entity: SO UPS, JSC Position: member of the Board of Directors
Period: 2007 – present Entity: OAO Kristall Production Corporation Position: member of the Board of Directors
Period: 2007 – present Entity: OAO Almaz-Antey Air Defense Concern Position: member of the Board of Directors
Period: 2004 – June 2008 Entity: OAO ROSNEFTEGAZ Position: member of the Board of Directors
Period: 2008 – present Entity: Federal Property Management Agency Position: Deputy Manager
Period: 2004 – 2008 Entity: Federal Property Management Agency Position: Head of the Division for Management of Property of Commercial Sector Entities, Deputy Manager for Federal Property Management
Period: 2002 – 2004 Entity: St. Petersburg City Property Management Committee Position: Head of the State Property Management Division
145
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
11. Andrei Natanovich Rappoport Year of birth: 1963 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: 2007 – present Entity: OAO Eastern Energy Company Position: member of the Board of Directors
Period: 2006 – present Entity: OAO Sangtudinskaya HPP-1 Position: member of the Board of Directors
Period: 2008 – present Entity: OAO Center for United Power System Engineering and Construction Management Position: Chairman of the Board of Directors
Period: 2008 – present Entity: OAO Specialized Power Grid Service Company of the Unified National Electric Grid Position: Chairman of the Board of Directors
Period: 2008 – present Entity: OAO Main Power Grid Service Company of the Unified National Electric Grid Position: Chairman of the Board of Directors
Period: 2008 – present
146 Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: 2008 – present Entity: ZAO Electric Grids of Armenia (Yerevan, Armenia) Position: Chairman of the Board of Directors
Period: 2007 – present Entity: OAO IDGC of South Position: member of the Board of Directors
Period: 2007 – present Entity: TGR ENERJI ELEKTRIK TOPTAN TICARET A.S. Position: Chairman of the Board of Directors
Period: February 2005 – present Entity: OAO Moscow United Electric Grid Company Position: member of the Board of Directors
Period: 2005 – present Entity: OAO RusHydro Position: member of the Board of Directors
Period: 2005 – present Entity: AES – Telasi, Tbilisi, Georgia Position: member of the Board of Directors
Period: 2005 – 2008 Entity: ZAO Armenian NPP, Yerevan, Armenia Position: Chairman of the Board of Directors
Period: 2005 – 2007 Entity: RAO Nordic OY Position: member of the Board of Directors
Period: 2004 – present Entity: SO – CDA Position: member of the Board of Directors
Period: 2007 – present Entity: System Operator of the United Power System Position: member of the Board of Directors
Period: 2004 – present Entity: AO GruzRosenergo IPS Position: member of the Supervisory Board
Period: 2004 – present Entity: INTER RAO UES Position: member of the Board of Directors
Period: 2004 – 2008 Entity: RAO UES International Balkans
147 Position: member of the Board of Directors
Period: March 2004 – June 2008 Entity: RAO UES of Russia Position: member of the Management Board
Period: 2004 – 2007 Entity: OAO IDGC of the Center and North Caucasus Position: member of the Board of Directors
Period: 2004 – 2008 Entity: JSC FGC UES Position: member of the Board of Directors
Period: 1998 – present Entity: JSC FGC UES Position: Chairman of the Management Board
Period: 1998 – March 2004 Entity: RAO UES of Russia Position: Deputy Chairman of the Management Board
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
12. Seppo Juha Remes Year of birth: 1955 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
148 Period: 2008 – present Entity: JSC FGC UES Position: member of the Board of Directors
Period: 2007 – present Entity: OAO Kirov Works Position: member of the Board of Directors, Chairman of the Audit Committee
Period: 2007 – present Entity: OJSC SIBUR Holding Position: member of the Board of Directors, Chairman of the Audit Committee, member of the Finance Committee
Period: 2008 – present Entity: Russian Corporation of Nanotechnologies Position: Member of the Investment Policy Committee of the Supervisory Board
Period: 2004 – present Entity: OAO Severstal-avto Position: member of the Board of Directors, Chairman of the Audit Committee
Period: 2005 – present Entity: OAO Sixth Generation Company of the Wholesale Electricity Market Position: member of the Board of Directors, Chairman of the Audit Committee, member of the Investment Committee
Period: 2008 – present Entity: OOO Kiuru Position: Director General
Period: 2008 – present Entity: OAO IDGC of Northwest Position: member of the Board of Directors
Period: 2007 – present Entity: OAO IDGC of Volga Position: member of the Board of Directors
Period: 2007 – present Entity: OAO IDGC of the Center and Volga Region Position: member of the Board of Directors
Period: 2003 – present Entity: Investor Protection Association Position: member of the Board of Directors
Period: 2007 – present Entity: OAO RusHydro Position: member of the Board of Directors, Chairman of the Nomination and Remuneration Committee
Period: 2008 – present
149 Entity: OAO LSR Group Position: member of the Board of Directors, Chairman of the Audit Committee
Period: 2004 – present Entity: PONSSE Oyj EOS Russia (Finish public company) Position: member of the Board of Directors
Period: 2007 – present Entity: FIM Financial Services Position: Director
Period: 2004 – present Entity: Finnish Fund Sitra (Finnish National Fund for Research and Development under the supervision of the Finnish Parliament) Position: Senior Advisor
Period: 2004 – present Entity: ZAO FIM Financial Services Position: Senior Advisor, member of the Board of Directors
Period: 2004 – present Entity: Kiuru Partners LLC, consulting firm Position: President
Period: 2002 – present Entity: OAO Obiedinennye Mashinostroitelnye Zavody Position: member of the Board of Directors, Chairman of the Audit Committee
Period: 2007 – 2008 Entity: System Operator – Centralized Dispatching Administration Position: member of the Board of Directors
Period: 2003 – 2004; 2005 – June 2008 Entity: RAO UES of Russia Position: member of the Board of Directors
Period: 2001 – June 2008 Entity: RAO UES of Russia Position: member of the Strategy and Reforming Committee under the Board of Directors
Period: 2002 – June 2008 Entity: RAO UES of Russia Position: member of the Valuation Committee of the Board of Directors
Period: 2003 – June 2008 Entity: RAO UES of Russia Position: Chairman of the Audit Committee of the Board of Directors
Period: 2003 – 2007 Entity: European Business Club Position: member of the Board of Directors, member of the Council of National Representatives
Period: 2004 – 2006
150 Entity: Finnish Institute under the Finnish Parliament Position: Senior Advisor to the Chairman
Period: 2003 – 2004 Entity: Vostok Nafta Investment Ltd Position: Director
Period: 2002 – 2004 Entity: OAO Kostromskaya TPP Position: member of the Board of Directors
Period: 2002 – 2004 Entity: OAO Kalugaenergo Position: member of the Board of Directors
Period: 2002 – 2004 Entity: OAO Tulenergo Position: member of the Board of Directors
Period: 2002 – 2004 Entity: OAO Kirovenergo Position: member of the Board of Directors
Period: 2002 – 2004 Entity: OAO Udmurtenergo Position: member of the Board of Directors
Period: 2002 – 2004 Entity: OAO Pskovenergo Position: member of the Board of Directors
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
151 13. Yakov Moiseyevich Urinson Year of birth: 1944 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: June 2008 – present Entity: OAO RusHydro Position: member of the Board of Directors
Period: June 2008 – present Entity: INVEL Non-Profit Partnership Position: Chairman of the Supervisory Board
Period: June 2008 – present Entity: ZAO Corporate Power Engineering University Management Company Position: Chairman of the Supervisory Board
Period: May 2008 – present Entity: OAO Krzhizhanovsky Power Engineering Institute Position: Chairman of the Board of Directors
Period: April 2008 – present Entity: Corporate Educational and Scientific Center of the United Power System (Non-Profit Partnership) Position: Chairman of the Supervisory Board
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: June 2005 – present Entity: ZAO Agency for Power Balance Forecasting Position: Chairman of the Board of Directors
Period: March 2005 – present Entity: Energy Carbon Fund Position: Chairman of the Council of the Fund and President
Period: April 2001 – present Entity: Electricity Industry Non-Governmental Pension Fund Position: Chairman of the Council of the Fund
Period: January 1999 – June 2008 Entity: RAO UES of Russia Position: Deputy Chairman of the Management Board
Stake held by such individual in the authorized capital of the issuer: 0.0262% Percentage of the issuer’s ordinary shares owned by such individual: 0.0275%
152 Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
14. Viktor Borisovich Khristenko Year of birth: 1957 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Board of Directors
Period: 2008 – present Entity: INTER RAO UES Position: member of the Board of Directors
Period: 2008 – present Entity: OAO United Shipbuilding Corporation Position: member of the Board of Directors
Period: 2007 – present Entity: Russian Corporation of Nanotechnologies Position: member of the Board of Directors
Period: 2006 – present Entity: OOO International Consortium for Management and Development of Gas Transportation System of Ukraine Position: member of the Council of Participants
Period: 2005 – present Entity: OAO KAMAZ Position: member of the Board of Directors
153
Period: 2005 – present Entity: OAO RusHydro Position: member of the Board of Directors
Period: 2004 – present Entity: SO – CDA Position: member of the Board of Directors
Period: 2004 – present Entity: OAO Transneft Position: member of the Board of Directors
Period: March 2004 – present Entity: the Ministry of Industry and Trade of the Russian Federation Position: Minister
Period: 2002 – present Entity: JSC FGC UES Position: member of the Board of Directors
Period: 2000 – present Entity: OAO Gazprom Position: member of the Board of Directors
Period: 2003 – June 2008 Entity: RAO UES of Russia Position: Member of the Board of Directors
Period: February 25, 2004 – March 5, 2004 Entity: Government of the Russian Federation Position: acting Chairman of the Government of the Russian Federation
Period: 2003 – February 2004 Entity: Government of the Russian Federation Position: First Deputy Chairman, Deputy Chairman of the Government of the Russian Federation
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A.
154 Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
15. Ilya Arturovich Yuzhanov Year of birth: 1960 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Board of Directors
Period: June 1, 1999 – May 31, 2004 Entity: the Russian Federation Ministry for Antimonopoly Policy and Support of Entrepreneurship Position: Minister
Period: June 1, 2004 – June 30, 2008 Entity: RAO UES of Russia Position: member of the Board of Directors, chairman of the Valuation Committee
Period: December 15, 2004 – November 28, 2006 Entity: Joint-Stock Investment Commercial Bank NOVAYA MOSKVA (Closed Joint-Stock Company) Position: Chairman of the Supervisory Board
Period: November 28, 2006 – present Entity: OAO NOMOS-BANK Position: member of the Supervisory Board
Period: June 16, 2006 – present Entity: Uralkali Position: member of the Board of Directors
Period: June 2, 2006 – present Entity: OAO Novatek Position: member of the Board of Directors
Period: December 30, 2006 – November 15, 2007 Entity: OAO Kirov Works Position: Member of the Board of Directors
Period: September 25, 2008 – present Entity: OAO Polymetal Position: member of the Board of Directors
Period: June 30, 2000 – June 30, 2008 Entity: RAO UES of Russia Position: member of the Board of Directors
155 Period: June 27, 1999 – June 28, 2003 Entity: OAO Gazprom Position: member of the Board of Directors
Period: 2003 – 2004 Entity: Russian Railways Position: member of the Board of Directors
Period: December 15, 2004 – November 28, 2006 Entity: Joint-Stock Investment Commercial Bank NOVAYA MOSKVA (Closed Joint-Stock Company) Position: Chairman of the Supervisory Board
Period: November 28, 2006 – present Entity: Joint-Stock Investment Commercial Bank NOVAYA MOSKVA (Closed Joint-Stock Company) Position: member of the Supervisory Board
Period: 2003 – 2004 Entity: OAO NOMOS-BANK Position: member of the Supervisory Board
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
Information about the sole executive body of JSC IDGC Holding:
1. Alexander Ivanovich Kazakov Year of birth: 1948 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding
156 Position: Director General, member of the Board of Directors
Period: August 2007 – June 2008 Entity: JSC FGC UES Position: Deputy Chairman of the Management Board
Period: December 2005 – August 2007 Entity: OAO Moscow Power Grid Management Company Position: Director General
Period: December 2001 – December 2005 Entity: Council of Federation of the Federal Assembly of the Russian Federation Position: Chairman of the Council of the Federation Committee on Federal Affairs and Regional Policies
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
6.3. Information Concerning the Amount of Remuneration, Benefits and/or Reimbursement of Expenses for Each Management Body of JSC IDGC Holding Information concerning the remuneration of the issuer’s management bodies is not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. Agreements for the remuneration of members of the Board of Directors as of the date of approval of the securities prospectus: N/A.
6.4. Information Concerning the Structure and Authority of Bodies Exercising Control of the Financing and Economic Activities of JSC IDGC Holding Full description of the structure of bodies exercising control of the issuer’s financing and economic activities and their authority as specified in the Articles of Association of the issuer: In accordance with Article 14 of the Articles of Association of the issuer the General Meeting of Shareholders elects the Internal Audit Commission of the Company until the next annual General Meeting of Shareholders to exercise control of the financing and economic activities of the Company.
157 The Internal Audit Commission of the Company is composed of 5 (five) members. The Internal Audit Commission of the Company is authorized to: 1) confirm the reliability of data contained in the annual report, balance sheet and income statement of the Company; 2) analyze the Company’s financial standing, identify reserves to improve the Company’s financial standing and develop recommendations for the management bodies of the Company; 3) organize and conduct audits (inspections) of the financing and economic activities of the Company, namely: − audit (inspect) financial, accounting, payment and other documentation of the Company related to the financing and economic activities performed by the Company as to its compliance with the laws of the Russian Federation, the Articles of Association, internal and other documents of the Company; − control the preservation and use of fixed assets; − control compliance with the approved procedure for charging the debts owed by insolvent debtors to the Company’s losses; − control the spending of the Company’s funds in accordance with the approved business plan and budget of the Company; − control the formation and use of reserve and other special funds of the Company; − check the correctness and timeliness of the accrual and payment of dividend on the Company’s shares, bond interest and yield on other securities; − check the execution of earlier directives on the elimination of breaches and drawbacks identified by previous audits (inspections); 4) other actions (activities) related to the inspection of the Company’s financing and economic activities. All resolutions on issues falling within the jurisdiction of the Internal Audit Commission are adopted by a simple majority of total number of votes cast by its members. The Internal Audit Commission of the Company is entitled or (if any significant breaches in the financing and economic activities of the Company are identified) obliged to request that the extraordinary general meeting of the Company be convened. The operating procedures of the Internal Audit Commission of the Company are specified in the internal document of the Company approved by the General Meeting of Shareholders of the Company. Upon request from the Internal Audit Commission of the Company, individuals occupying positions with the management bodies of the Company are obliged to submit documents on the financing and economic activities of the Company. The financing and economic activities of the Company may be audited (inspected) at any time at the sole discretion of the Internal Audit Commission of the Company, pursuant to the resolution of the General Meeting of Shareholders, the Board of Directors of the Company or upon request from the shareholder(s) of the Company owning at least a total of 10 percent of voting shares in the Company.
Information concerning the system of internal control of the issuer’s financing and economic activities: Information concerning the existence, period of existence and key employees of the internal control function. Internal control functions are imposed by the issuer on the Internal Audit Department, which is the internal audit division. The Internal Audit Department was established for an indefinite term. Key employees of the Internal Audit Department: the Internal Audit Department manager is S. B. Sidorov. The Internal Audit Department is composed of two units: − Audit Organization and Conducting Unit; − Investing Activities Control Unit. 158
Key roles of the Internal Audit Department: 1.Control of the financing and economic activities подsectionений of the Company, its subsidiaries/dependent companies and their branches for the purpose of: 1.1. preventing, identifying, suppressing and eliminating the implications of breaches in the management of monetary and financial resources causing direct or indirect financial and/or material damage to the Company; 1.2. determining the acceptability of any given actions and procedures aimed at implementing investment projects and increasing the attractiveness of the Company to investors. 2. Identification and mobilization of internal business potential of the Company and its further development; 3. Ensuring the effective functioning of internal control system of the Company and its subsidiaries/dependent companies, the Company’s compliance with the requirements of federal laws and the regulations of the Company and its subsidiaries/dependent companies; 4. Monitoring of risk management. Control of changes in characteristics and the effectiveness of risk management activities; 5. Participation in developing the internal documents of the Company. Preparation of proposals for the amendment of the Company’s regulations and recommendations for improving the efficiency of internal control and risk management systems; 6. Assessment of the efficiency of risk management system; 7. Audit of the system of enforcement of the resolutions adopted by the General Meeting of Shareholders and the Board of Directors of the Company; 8. Interaction with the Internal Audit Commission of the Company, its subsidiaries/dependent companies and external auditors; 9. Control of compliance of the Company’s functions with the requirements of the internal documents of the Company; 10. Preparation of reports on the results of audit and identified breaches for consideration by the Boards of Directors of subsidiaries/dependent companies; 11. Study of domestic and foreign experience on issues falling within the jurisdiction of the Internal Audit Department.
Reporting of the Internal Audit Department: In administrative terms, the Internal Audit Department reports to the Director General of the Company in accordance with the organizational structure of the Company.
Interaction with the executive management bodies of the issuer and the Board of Directors (Supervisory Board) of the issuer: As of the date of approval of this securities prospectus, the Internal Audit Department interacts with the sole executive body (Director General of the Company). The Internal Audit Department will interact with the Board of Directors of the Company through the Audit Committee of the Board of Directors after it is established by the Company.
Interaction between the internal audit function and the external auditor of the issuer: The internal audit function and the external auditor of the issuer interact by exchanging information to assess the company’s activities.
Information concerning the issuer’s internal document specifying the rules for preventing the use of confidential (insider) information: The internal document specifying the rules for preventing the use of confidential (insider) information as of the date of approval of the securities prospectus by the issuer is being drafted and is planned to be approved by the Board of Directors of the Issuer on November 21, 2008. Once it is approved by the duly authorized body of the Issuer, it will be published on the Internet at: http://www.e-disclosure.ru/portal/company.aspx?id=13806
159
6.5. Information Concerning Individual Members of Bodies Exercising Control of the Financing and Economic Activities of JSC IDGC Holding
Information about members of the Internal Audit Commission:
1. Andrei Sergeyevich Fomin Year of birth: 1980 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Internal Audit Commission
Period: 2007 – present Entity: the Ministry of Industry and Energy of the Russian Federation Position: Leading Advisor to a Unit of the Department for Investment and Innovative Policy, Deputy Head of a Unit of the Department for the Industrial Policy of the Government
Period: 2005 – 2007 Entity: Federal Property Management Agency of the Russian Federation Position: 1st Category Specialist, Principal Specialist, Advisor to a Unit of the Division for Management of Property of Commercial Sector Entities
Period: 2003 – 2004 Entity: Institute of Comparative Political Science of the Russian Academy of Sciences, ZAO Center of Political Trends Position: Expert
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
2. Sergei Borisovich Sidorov 160 Year of birth: 1952 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Internal Audit Commission
Period: June 1, 2004 – June 30, 2008 Entity: RAO UES of Russia Position: head of the Internal Audit Department of the Corporate Center
Period: 1999 – May 31, 2004 Entity: RAO UES of Russia Position: head of the Financial Audit Department
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
3. Viktor Yurievich Lebedev Year of birth: 1980 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Internal Audit Commission
Period: July 2008 – present Entity: RAO Energy Systems of the East Position: member of the Internal Audit Commission
Period: 2008 – present
161 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Head of the Unit for Restructuring of Energy Industry and Housing and Public Services
Period: 2007 – 2008 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Deputy Head of the Unit, Head of the Unit for Restructuring of Energy Industry and Housing and Public Services
Period: 2006 – 2007 Entity: the Ministry for Economic Development and Trade of the Russian Federation Position: Principal Specialist of the Unit for Restructuring of Energy Industry and Housing and Public Services
Period: 2005 – 2006 Entity: OOO Nor Avto Position: Director
Period: 2004 – 2005 Entity: OOO Norvek Avto Position: Assistant to Director General
Period: 2003 – 2006 Entity: Saint Petersburg Trade and Economics Institute Position: postgraduate student and assistant, Economics and Management Chair
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
4. Viktoria Vladimirovna Oseledko Year of birth: 1976 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present
162 Entity: JSC IDGC Holding Position: member of the Internal Audit Commission
Period: 2007 – June 30, 2008 Entity: RAO UES of Russia Position: member of the Internal Audit Commission
Period: 2004 – present Entity: the Ministry of Industry and Energy of the Russian Federation Position: Deputy Head of a Unit of the Financial Control and Audit Department, Head of a Unit of the Department for Investment and Innovative Policy, Deputy Director of the Department for the Industrial Policy of the Government
Period: 2002 – 2004 Entity: the Ministry of Property Relations of the Russian Federation Position: Leading Specialist, Principal Specialist, Consultant, Head of a Unit of the Financial Control and Audit Department
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
5. Alexander Borisovich Rutenberg Year of birth: 1947 Education: higher education
Positions during the past 5 years:
Period: July 2008 – present Entity: JSC IDGC Holding Position: member of the Internal Audit Commission
Period: 2007 – June 30, 2008 Entity: RAO UES of Russia Position: Deputy Chairman of the Internal Audit Commission
163 Period: 2005 – present Entity: Federal Energy Agency of the Russian Federation Position: Deputy Division Manager
Period: 2004 – 2005 Entity: Federal Energy Agency of the Russian Federation Position: Unit Manager
Period: 2002 – 2004 Entity: Ministry of Energy of the Russian Federation Position: Unit Manager
Stake held by such individual in the authorized capital of the issuer: 0% Percentage of the issuer’s ordinary shares owned by such individual: 0% Number of the issuer’s shares of each category (type) which may be acquired by such individual as a result of exercising the rights to the issuer’s options: 0 shares. Stake held by such individual in the authorized capital of the subsidiaries/dependent companies of the issuer: 0% Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by such individual: 0% Number of shares in the subsidiary or dependent company of the issuer representing each category (type) which may be acquired by such individual as a result of exercising the rights to the options of the subsidiary or dependent company of the issuer: 0 shares. Family relations with other Individual Members of the Issuer’s Management Bodies and/or bodies exercising control of the Issuer’s Financing and Economic Activities: N/A Information concerning the imposition of administrative sanctions against such individual for the violations of law in the area of finance, taxes and dues, securities market or criminal sanctions (criminal record) for crimes in the field of economics or offences against the state: N/A. Information concerning the positions held by such individual in the management bodies of business entities when bankruptcy proceedings were initiated against the above-mentioned entities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) laws of the Russian Federation was introduced: N/A.
6.6. Information Concerning the Amount of Remuneration, Benefits and/or Reimbursement of Expenses for the Body Exercising Control of the Financing and Economic Activities of JSC IDGC Holding Information concerning the remuneration of the body exercising control of the issuer’s financing and economic activities is not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. No agreements for such payments in the present fiscal year were executed.
6.7. Data Concerning Headcount and High-Level Data Concerning the Education and Composition of Personnel (Employees) of JSC IDGC Holding and Changes in the Employee (Personnel) Headcount of JSC IDGC Holding Data concerning headcount and high-level data concerning the education and composition of the issuer’s personnel (employees) are not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
Information Concerning Employees Who Have a Material Impact on the Financing and Economic Activities of JSC IDGC Holding (Key Employees)
164 Employees who have a material impact on the issuer’s financing and economic activities other than those listed in paragraphs 6.2 and 6.5 of this securities prospectus: not applicable.
Information concerning the trade union Not applicable.
6.8. Information Concerning Any Obligations of JSC IDGC Holding to Its Employees (Personnel) Regarding Their Possible Participation in the Authorized Capital of JSC IDGC Holding Agreements or obligations of the issuer regarding possible participation of the issuer’s employees (personnel) in its authorized capital: not applicable. The issuer’s options were not and may not be provided to the employees (personnel) of the issuer.
165 VII. Information Concerning Participants in (Shareholders of) JSC IDGC Holding and Related-Party Transactions Executed by the Issuer
7.1. Information Concerning Total Number of Participants in (Shareholders of) JSC IDGC Holding
Total number of entities and individuals registered in the issuer’s shareholder register as of October 27, 2008 (date of approval of this securities prospectus): 287,372.
Total number of nominee holders of the issuer’s shares from among the entities and individuals registered in the issuer’s shareholder register as of October 27, 2008 (date of approval of this securities prospectus): 29.
7.2. Information Concerning Participants in (Shareholders of) JSC IDG Owning at Least 5 Percent of Its Authorized Capital or at Least 5 Percent of Its Ordinary Shares; Information Concerning Participants in (Shareholders of) Such Entities Owning at Least 20 Percent of the Their Authorized Capital or at Least 20 Percent of Their Ordinary Shares
Information concerning entities owning at least 5 percent of the issuer’s authorized (share) capital (unit trust) or at least 5 percent of the issuer’s ordinary shares
Full and short corporate names (for corporate Russian Federation represented by the entities from among profit-making organizations), Federal Agency for Management of name (for corporate entities from among non-profit Federal Property (Rosimushchestvo) making organizations); last name, first name, patronymic (for individuals) Taxpayer Identification Number (if applicable) 7710144747 Location (for corporate entities) 103685, Moscow, Nikolsky per., d. 9 Stake held by the issuer’s participant (shareholder) 52.6832 % in the authorized capital of the issuer Percentage of the issuer’s ordinary shares owned by 54.9924 % the participant (shareholder) Individuals owning at least 20 percent of the N/A authorized (share) capital (unit trust) of this participant (shareholder) Individuals owning at least 20 percent of ordinary N/A shares of this participant (shareholder)
Information concerning nominee holders of the issuer’s shares registered in the issuer’s shareholder register accounting for at least 5 percent of the issuer’s authorized capital or at least 5 percent of the issuer’s ordinary shares 1. Full and short corporate names (for corporate Depositary and Corporate Technologies entities from among profit-making organizations), Limited Liability Company (OOO name (for corporate entities from among non-profit Depositary and Corporate Technologies) making organizations); last name, first name, patronymic (for individuals) Taxpayer Identification Number (if applicable) 7729520219 Location (for corporate entities) 119607, Moscow, ul. Ramenki, d. 17, korp. 1 166 Stake held by the issuer’s participant (shareholder) 18.2919 % (nominee holder) in the authorized capital of the issuer Percentage of the issuer’s ordinary shares owned by 17.0120 % (nominee holder) this participant (shareholder)
2. Full and short corporate names (for corporate Depositary Clearing Company (Closed entities from among profit-making organizations), Joint-Stock Company) (ZAO DCC) name (for corporate entities from among non-profit making organizations); last name, first name, patronymic (for individuals) Taxpayer Identification Number (if applicable) 7710021150 Location (for corporate entities) 115162, Moscow, ul. Shabolovka, d. 31, str. B. Stake held by the issuer’s participant (shareholder) 15.9333 % (nominee holder) in the authorized capital of the issuer Percentage of the issuer’s ordinary shares owned by 15.8843 % (nominee holder) this participant (shareholder)
3. Full and short corporate names (for corporate Not-for-Profit Partnership The National entities from among profit-making organizations), Depository Center (NDC) name (for corporate entities from among non-profit making organizations); last name, first name, patronymic (for individuals) Taxpayer Identification Number (if applicable) 7706131216 Location (for corporate entities) Moscow, Sredny Kislovsky per., d. 1/13, str. 4 Stake held by the issuer’s participant (shareholder) 7.1178 % (nominee holder) in the authorized capital of the issuer Percentage of the issuer’s ordinary shares owned by 6.4181 % (nominee holder) this participant (shareholder)
7.3. Information Concerning the Stake Held by the Government or Municipality in the Authorized Capital of the Issuer
Stake in the authorized (share) capital (unit trust) of the issuer 52.6832 % (federal ownership) held by the government (federal government, constituent entities of the Russian Federation) Full corporate name (for corporate entities from among represented by the Federal profit-making organizations) or name (for corporate entities Agency for Management of from among non-profit making organizations), location or Federal Property full name (for individuals) of the government stake manager 103685, Moscow, Nikolsky per., and the individual acting as the issuer’s participant d. 9 (shareholder) on behalf of the Russian Federation, constituent entity of the Russian Federation Stake in the authorized (share) capital (unit trust) of the issuer 0.0086% owned by municipalities Full corporate name (for corporate entities from among Chukotka Autonomous District 167 profit-making organizations) or name (for corporate entities represented by the duly from among non-profit making organizations), location or authorized body (Department of full name (for individuals) of the municipality-owned stake Finance, Economics and manager and the individual acting as the issuer’s participant Property Relations of the (shareholder) on behalf of the municipality Chukotka Autonomous District) 689000, Chukotka Autonomous District, Anadyr, ul. Otke, 2
Special right of participation of the Russian Federation, Not applicable constituent entities of the Russian Federation and municipalities in managing the issuer (joint-stock company) ("golden share"), duration of special right ("golden share")
7.4. Information Concerning Restrictions on Participation in the Issuer’s Authorized (Share) Capital (Unit Trust)
Restrictions on the number of shares per shareholder and/or their total par value and/or maximum number of votes per shareholder as specified in the Articles of Association of the Issuer: not applicable.
Restrictions on the stake held by foreign entities in the authorized capital of the issuer set by the laws of the Russian Federation or other regulations of the Russian Federation: not applicable.
Other restrictions related to participation in the issuer’s authorized (share) capital (unit trust): not applicable.
7.5. Information Concerning Changes in the Composition and Value of Stakes Held by the Shareholders of (Participants in) JSC IDGC Holding Owning at Least 5 Percent of Its Authorized Capital or at Least 5 Percent of Its Ordinary Shares Information concerning changes in the composition and value of stakes held by the issuer’s shareholders owning at least 5 percent of its authorized capital or at least 5 of its ordinary shares is not specified herein since the issuer was established on July 1, 2008, and no general meetings of shareholders have been convened or held since its establishment.
7.6. Information Concerning Related-Party Transactions Executed by the Issuer Information concerning related-party transactions executed by the issuer is not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
7.7. Information Concerning the Value of Accounts Receivable Information for the 5 most recently closed fiscal years or each closed fiscal year is not specified herein since the issuer was established on July 1, 2008. Provided below are the indicators specified in the initial balance sheet of the issuer as of July 1, 2008:
Indicator As of July 1, 2008 Total accounts receivable, rubles 12,666,164,557.45 Total past due accounts receivable, rubles 0
168 Breakdown of the issuer’s accounts receivable, including maturity dates for the most recently closed fiscal year and the most recently closed reporting period by the date of approval of the securities prospectus: Information for the 5 most recently closed fiscal years or each closed fiscal year is not specified herein since the issuer was established on July 1, 2008. The breakdown of accounts payable by the issuer is based on data from its initial balance sheet as of July 1, 2008.
Maturity Type of accounts receivable More than one One year or less year Accounts receivable from buyers and customers, 62,829,761.84 0 rubles including past due receivables, rubles 0 Х Notes receivable, rubles 0 0 including past due receivables, rubles 0 Х Accounts receivable from members (founders) with respect to their contributions to authorized capital, 0 0 rubles including past due receivables, rubles 0 Х Advance payments receivable, rubles 0 0 including past due receivables, rubles 0 Х Other accounts receivable, rubles 7,758,604,513 4,844,730,282.61 including past due receivables, rubles 0 Х Total, rubles 7,821,434,274.84 4,844,730,282.61 including total past due accounts, rubles 0 Х
Accounts receivable by the issuer as of July 1, 2008 exclude debtors accounting for at least 10 percent of total value of accounts receivable.
VIII. Accounting Statements of JSC IDGC Holding and Other Financial Information 8.1. Annual Accounting Statements of JSC IDGC Holding The annual accounting statements of the issuer appended to the securities prospectus consist of: a) annual accounting statements of the issuer for the three most recently closed fiscal years preceding the date of approval of the securities prospectus due in accordance with the requirements of laws of the Russian Federation prepared in accordance with the requirements of laws of the Russian Federation and auditors’ report on the above-mentioned accounting statements appended thereto: The annual accounting statements of JSC IDGC Holding were not prepared since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. The initial balance sheet of JSC IDGC Holding and report on the audit of the initial balance sheet of JSC IDGC Holding are appended to this prospectus.
b) Annual accounting statements prepared in accordance with International Financial Reporting Standards or Generally Accepted Accounting Principles in the United States: JSC IDGC Holding does not have annual accounting statements prepared in accordance with International Financial Reporting Standards or Generally Accepted Accounting Principles in the United States.
169 8.2. Quarterly Accounting Statements of JSC IDGC Holding for the Most Recently Closed Reporting Quarter The quarterly accounting statements of the issuer appended to the securities prospectus consist of: a) quarterly accounting statements of the issuer for the most recently closed reporting quarter preceding the date of approval of the securities prospectus due in accordance with the requirements of laws of the Russian Federation prepared in accordance with the requirements of laws of the Russian Federation: The quarterly accounting statements of JSC IDGC Holding were not prepared since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. b) quarterly accounting statements prepared in accordance with International Financial Reporting Standards or Generally Accepted Accounting Principles in the United States: JSC IDGC Holding does not have quarterly accounting statements prepared in accordance with International Financial Reporting Standards or Generally Accepted Accounting Principles in the United States.
8.3. Consolidated Accounting Statements of JSC IDGC Holding for the Three Most Recently Closed Fiscal Years or Each Closed Fiscal Year The consolidated accounting statements of JSC IDGC Holding were not prepared since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
8.4. Information Concerning the Issuer’s Accounting Policy The regulations for the accounting policy of the issuer for 2008 are approved by Order of the Director General of JSC IDGC Holding No. 44, dated September 5, 2008, and appended to this Securities Prospectus.
8.5. Information Concerning Total Exports and Exports as a Percentage of Total Sales This paragraph is not completed since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due. The issuer did not export products (goods, work, services).
8.6. Information Concerning the Value of Immovable Property of JSC IDGC Holding and Significant Changes in the Composition of Property of JSC IDGC Holding After the Final Date of the Most Recently Closed Fiscal Year Information concerning the value of immovable property of JSC IDGC Holding and significant changes in the composition of property of JSC IDGC Holding is not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
8.7. Information Concerning Participation of JSC IDGC Holding in Legal Proceedings if Such Participation Can Have a Material Impact on the Financing and Economic Activities of JSC IDGC Holding Since the date of state registration, the issuer has not participated in any legal proceedings participation in which have a material impact on its financing and economic activities.
170
IX. Detailed Information Concerning the Procedure and Conditions for the Placement of Issue-Grade Securities
In accordance with paragraph 14 of Article 22 of Federal Law No. 39-FZ "On Securities Market" dated April 22, 1996, and paragraph 4.4 of the Regulations for the Disclosure of Information by Issue-Grade Securities Issuers, approved by Decree of the Federal Financial Markets Service of Russia No. 06-117/pz-n dated October 10, 2006, this section (with the exception of paragraph 9.9 "Information Concerning Possible Changes in Stakes Held by Shareholders in the Authorized Capital of the Issuer as a Result of Placement of Issue-Grade Securities") is not completed since the securities prospectus is registered after the state registration of issuance of issue-grade securities.
9.9. Information Concerning Possible Changes in Stakes Held by Shareholders in the Authorized Capital of JSC IDGC Holding as a Result of Placement of Issue-Grade Securities Stakes held by the shareholders in the authorized capital of the issuer will not change since this prospectus is registered after the state registration of issuance of issue-grade securities.
171 X. Additional Information Concerning the Issuer and Issue-Grade Securities Placed by the Issuer 10.1. Additional Information Concerning the Issuer
10.1.1. Information Concerning the Value and Structure of the Issuer’s Authorized (Share) Capital (Unit Trust):
Value of the issuer’s authorized capital as of the date of approval of the securities prospectus: 43,116,903,368 (forty-three billion, one-hundred sixteen million, nine-hundred three thousand, three-hundred and sixty-eight) rubles.
The authorized capital of the issuer is split into ordinary and preference shares: Percentage of the issuer’s ordinary shares owned by the above-mentioned individual in the authorized capital of the issuer: 95.19 %. Total par value of ordinary shares: 41,041,753,984 (forty-one billion, forty-one million, seven- hundred fifty-three thousand, nine-hundred and eighty-four) rubles.
Preference shares as a percentage of total value of the issuer’s authorized capital: 4.81%. Total par value of preference shares: 2,075,149,384 (two-billion, seventy-five million, one- hundred forty-nine thousand, three-hundred and eighty-four) rubles.
The issuer’s shares are not traded outside the Russian Federation in accordance with the foreign law on the securities of foreign issuers certifying the rights to the above-mentioned shares of the issuer.
10.1.2. Information Concerning Changes in the Issuer’s Authorized Capital The authorized capital of the issuer did not change between the date on which the issuer was established and the date of approval of this securities prospectus.
10.1.3. Information Concerning the Establishment and Use of the Reserve Fund and Other Funds of JSC IDGC Holding Information concerning the establishment and use of the reserve fund and other funds of JSC IDGC Holding is not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
10.1.4. Information Concerning the Procedure for Convening and Holding the Meetings of the Supreme Management Body of JSC IDGC Holding
Supreme management body of the issuer: The supreme management body of the Company is the General Meeting of Shareholders (Article 10.1 of the Articles of Association of the Company).
Procedure for notifying shareholders (participants) of the upcoming meeting (session) of the supreme management body of the issuer: In conformity with Article 10.5 of the Articles of Association of the Issuer, notification of the upcoming General Meeting of Shareholders is published in the Izvestia newspaper not later than 30 (thirty) days prior to the date of the General Meeting of Shareholders. Notice of the upcoming extraordinary general meeting is made not later than 70 (seventy) days prior to its date as provided for by paragraphs 10.6.2 of these Articles of Association and paragraphs 2 and 8 of Article 53 of the Federal Law "On Joint-Stock Companies". Notice of the upcoming General Meeting of Shareholders shall specify: 172
• the full name of the Company and the location of the Company; • the form of the General Meeting of Shareholders (meeting or absentee voting); • the date, location, time of the General Meeting of Shareholders and the postal address at which completed ballots can be sent or (if the General Meeting of Shareholders is conducted through absentee voting) the final date of ballot submission for voting and the postal address at which completed ballots should be sent; • the date of preparation of the list of individuals entitled to participate in the General Meeting of Shareholders; • the agenda of the General Meeting of Shareholders; • the procedure for reviewing the information (materials) to be submitted in the preparation for the General Meeting of Shareholders and the address(es) for their review. In conformity with Article 10.4 of the Articles of Association of the issuer, the list of individuals entitled to participate in the General Meeting of Shareholders is prepared based on data from the Company’s shareholder register. The date of preparation of the list of individuals entitled to participate in the General Meeting of Shareholders may not precede the date of adoption of a resolution on holding the General Meeting of Shareholders and precede the date of the General Meeting of Shareholders by more than 50 (fifty) days or (as provided for by paragraph 10.6.2 of these Articles of Association) by more than 85 (eighty-five) days. The list of individuals entitled to participate in the General Meeting of Shareholders is made available by the Company upon request from the individuals included in this list and holding at least One (1) percent of votes. Data from documents and postal address of the individuals included in the list are provided only with the consent of these individuals.
Individuals (bodies) entitled to convene (request the convening of) the extraordinary meeting (session) of the issuer’s supreme management body and the procedure for submitting (making) such requests: In conformity with Article 10.7.1 of the Articles of Association of the Company, the extraordinary general meeting is held pursuant to a resolution of the Board of Directors of the Company at its sole discretion, upon request from the Internal Audit Commission of the Company, the auditor of the Company and the shareholder(s) owning at least 10 (ten) percent of voting shares in the Company as of the request submission date. The extraordinary general meeting is convened by the Board of Directors of the Company upon request from the Internal Audit Commission of the Company, auditor of the Company and the shareholder(s) owning at least 10 (ten) percent of voting shares in the Company. The request for convening the extraordinary general meeting needs to specify the issues to be included in the meeting agenda. The request for convening the extraordinary general meeting may contain the wordings of resolutions on each of these issues and the proposal concerning the form of the General Meeting of Shareholders. The Board of Directors of the Company is not entitled to either change the wordings of the agenda issues or resolutions on such issues or change the proposed form of the extraordinary general meeting convened upon request from the Internal Audit Commission of the Company, the auditor of the Company and the shareholder(s) owning at least 10 (ten) percent of voting shares in the Company. If the convening of the extraordinary general meeting is requested by the shareholder(s), it needs to specify the name(s) of the shareholder(s) requesting that such meeting be convened and the quantity and category (types) of shares owned by them. The request for convening the extraordinary general meeting is signed by the individual(s) requesting that the extraordinary general meeting be convened.
Procedure for determining the date of meeting (session) of the issuer’s supreme management body: 173 In conformity with Article 10.1 of the Articles of Association of the Issuer, the annual general meeting is held on annual basis not earlier than two months and not later than six months from the fiscal year end. The date and procedure for holding the General Meeting of Shareholders, the list of materials (information) provided to the shareholders in the preparation of the General Meeting of Shareholders are specified by the Board of Directors of the Company in accordance with the requirements of the Federal Law "On Joint-Stock Companies", other regulations and these Articles of Association. Article 10.7.2 of the Articles of Association of the Company specifies that the extraordinary general meeting convened upon request from the Internal Audit Commission of the Company, the auditor of the Company and the shareholder(s) owning at least 10 (ten) percent of voting shares in the Company needs to be held within 40 (forty) days from the submission of request for holding the extraordinary general meeting. If the expected agenda of the extraordinary general meeting contains the issue related to the election of members of the Board of Directors of the Company, such General Meeting of Shareholders needs to be held within 70 days from the submission of request for holding the extraordinary general meeting. In conformity with Article 10.7.3 of the Articles of Association of the Company, when the Board of Directors of the Company is obliged to adopt a resolution to hold the extraordinary general meeting for the election of members of the Board of Directors of the Company in accordance with the Federal Law "On Joint-Stock Companies", such General Meeting of Shareholders needs to be held within 90 (ninety) days of the day on which the Board of Directors of the Company adopts the resolution to hold it.
Individuals entitled to make motions to the agenda of the meeting (session) of the issuer’s supreme management body and the procedure for making such motions: Article 10.6 of the Articles of Association of the Company: 10.6.1. The shareholder(s) of the Company owning a total of at least 2 (two) percent of voting shares in the Company shall be entitled to include issues in the agenda of the annual general meeting and propose candidates for election to the Board of Directors of the Company and the Internal Audit Commission of the Company not exceeding the number of members of the Company’s body concerned. Such proposals shall be submitted to the Company within 60 (sixty) days from the fiscal year end. 10.6.2. If the proposed agenda of the extraordinary general meeting contains the issue related to the election of members of the Board of Directors of the Company to be elected by cumulative voting, the shareholder(s) of the Company owning a total of at least 2 (two) percent of voting shares in the Company shall be entitled to propose candidates for election to the Board of Directors of the Company not exceeding the number of members of the Board of Directors of the Company. Such proposals shall be submitted to the Company not later than 30 (thirty) days prior to the date of the extraordinary general meeting.
10.6.3. The proposal for including issues in the agenda of the General Meeting of Shareholders of the Company and candidate proposal shall be submitted in writing and specify the name of the submitting shareholder(s), the quantity and category (type) of shares owned by them and shall be signed by the shareholder(s). 10.6.4. The proposal for including issues in the agenda of the General Meeting of Shareholders of the Company shall contain the wording of each proposed issue; candidate proposal, the name of each proposed candidate and the details of the identity document (passport series and/or number, date and place of issue, issuing authority) of each proposed candidate, name of the body for election to which he/she is proposed. The proposal for including issues in the agenda of the General Meeting of Shareholders may contain the wording of resolution on each proposed issue.
174 Individuals entitled to review the information (materials) submitted for the preparation and holding of the meeting (session) of the issuer’s supreme management body аnd the procedure for reviewing such information (materials): In conformity with paragraph 3 of Article 52 of the Federal Law "On Joint-Stock Companies", 20 days or (if the agenda of the General Meeting of Shareholders to be held contains the issue of reorganization of the Company) 30 days prior to the General Meeting of Shareholders information (materials) need(s) to be made available to the individuals entitled to participate in the General Meeting of Shareholders for review in the office of the Company’s executive body and other places at the addresses specified in the notice of the upcoming General Meeting of Shareholders. The above-mentioned information (materials) need to be available to the individuals entitled to participate in the General Meeting of Shareholders during the meeting. Upon request from the individual entitled to participate in the General Meeting of Shareholders, the Company is obliged to provide copies of the above-mentioned documents to such individual. The fee charged by the Company for the provision of these copies may not exceed costs in connection with making them.
Procedure for announcing (communicating to the issuer’s shareholders) the resolutions adopted by the supreme management body of the issuer and vote results: In conformity with Article 10.13 of the Articles of Association of the Company, the resolutions adopted by the General Meeting of Shareholders and vote results are announced at the General Meeting of Shareholders. Vote report is published in the Izvestia newspaper within 10 (ten) days from the vote protocol preparation.
10.1.5. Information Concerning Profit-Making Organizations in Which JSC IDGC Holding Owns at Least 5 Percent of Authorized Capital or at Least 5 Percent of Ordinary Shares
1. Full corporate name Tyumenenergo Open Joint-Stock Company for Energy and Electrification
Short corporate name OAO Tyumenenergo Location 628412, Surgut, Tyumen Region, Khanty- Mansijsk Autonomous District -Yugra, ul. Universitetskaya, d. 4. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0.01158% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
2. Full corporate name Yantarenergo Open Joint-Stock Company for Energy and Electrification
175 Short corporate name OAO Yantarenergo Location 236000, Kaliningrad, ul. Teatralnaya, 34. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
3 Full corporate name Karachayevo-Cherkesskenergo Open Joint- Stock Company Short corporate name OAO Karachayevo-Cherkesskenergo Location 369000, Karachay-Cherkess Republic, Cherkessk, ul. Osmana Kasayeva, dom 3 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0.00027% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0.00027%
4. Full corporate name Kalmenergosbyt Open Joint-Stock Company Short corporate name OAO Kalmenergosbyt Location 358000, Republic of Kalmykia, Elista, ul. Lenina, 271.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
5. Full corporate name Tyvaenergosbyt Open Joint-Stock Company
176 Short corporate name OAO Tyvaenergosbyt.
Location 667004, Russian Federation, Republic of Tyva, Kyzyl, ul. Kolkhoznaya, 2.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
6. Full corporate name Research Institute for Energy Economics Open Joint-Stock Company Short corporate name OAO NIIEE Location 105062, Moscow, ul. Chaplygina, d. 6.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
7. Full corporate name VNIPIenergoprom Association Open Joint- Stock Company Short corporate name OAO VNIPIenergoprom Location 105094, Moscow, Semyonovskaya nab., 2/1 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
177 8. Full corporate name Special Design Bureau of Heat Power Engineering Equipment VTI Open Joint-Stock Company Short corporate name OAO SKB VTI Location 115280, Russian Federation, Moscow, 3 Avtozavodsky pr., dom 4, kor. 1 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
9. Full corporate name Sibenergosetproekt Siberian Design and Research Institute of Energy Systems and Power Grids Open Joint-Stock Company Short corporate name OAO Sibenergosetproekt Location Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
10. Full corporate name Aviaenergo Airline Open Joint-Stock Company Short corporate name OAO Aviaenergo Airline Location 125047, Moscow, 1 Tverskaya-Yamskaya, dom 16/23, str. 1. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC 0%
178 Holding owned by the business entity.
11. Full corporate name Center for United Power System Receivables and Payables Settlements Open Joint-Stock Company Short corporate name OAO Center of UPS Settlements Optimization Location 119435, Moscow, B.Savvinsky per., d.10a Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
12. Full corporate name Nedvizhimost of VNIPIenergoprom Open Joint-Stock Company Short corporate name OAO Nedvizhimost of VNIPIenergoprom.
Location Russian Federation, 105094, Moscow, Semyonovskaya naberezhnaya, dom 2/1.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
13. Full corporate name Nedvizhimost of the United Power System Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of UPS Engineering Center. Location 119526, Moscow, prospekt Vernadskogo, d. 101, korp. 3.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity 179
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
14. Full corporate name Nedvizhimost of the Northwest Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Northwest Energy Engineering Center.
Location Russian Federation, 191036, Saint Petersburg, Nevsky prospekt, 111/3.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
15. Full corporate name Nedvizhimost of the Volga Region Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Volga Region Energy Engineering Center.
Location Russian Federation, 603950, Nizhni Novgorod, pr. Lenina, d. 20.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
180
16. Full corporate name Nedvizhimost of the South Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the South EEC.
Location Russian Federation, 350058, Krasnodar, ul. Starokubanskaya, 116.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
17. Full corporate name Nedvizhimost of the Urals Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Urals Energy Engineering Center.
Location Russian Federation, 620075, Yekaterinburg, ul. Pervomaiskaya, d. 56
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
18. Full corporate name Nedvizhimost of the Siberian Energy Research and Development Center Open Joint-Stock Company Short corporate name OAO Nedvizhimost of the Siberian Energy Research and Development Center.
Location Russian Federation, 630132, Novosibirsk, prospekt Dimitrova, dom 7.
181 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 100 % business entity
Percentage of ordinary shares in the business 100 % entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
19. Full corporate name Interregional Distribution Grid Company of Volga Open Joint-Stock Company Short corporate name OAO IDGC of Volga Location 410031, Saratov, ul. Pervomaiskaya, d. 42/44 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 67.626% business entity
Percentage of ordinary shares in the business 67.626% entity owned by JSC IDGC Holding Stake held by the business entity in the 0.00002% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0.00002%
20. Full corporate name Interregional Distribution Grid Company of Northwest Open Joint-Stock Company Short corporate name OAO IDGC of Northwest
Location 188300, Russia, Leningrad Region, Gatchina, ul. Sobornaya, dom 31 (legal address) Russia, 191119, Saint Petersburg, ul. Tyushina, dom 11, letter Ж (postal address)
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 55.38% business entity
Percentage of ordinary shares in the business 55.38% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
182
21. Full corporate name Interregional Distribution Grid Company of the Urals Open Joint-Stock Company Short corporate name OAO IDGC of the Urals Location 620026 Yekaterinburg, ul. Mamina-Sibiryaka, d. 140 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 51.517% business entity
Percentage of ordinary shares in the business 51.517% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
22. Full corporate name Interregional Distribution Grid Company of Siberia Open Joint-Stock Company Short corporate name OAO IDGC of Siberia Location 660021, Krasnoyarsk, ul. Bograda, 144 a Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 52.883% business entity
Percentage of ordinary shares in the business 52.883% entity owned by JSC IDGC Holding Stake held by the business entity in the 0.00122% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0.00122%
23. Full corporate name Interregional Distribution Grid Company of South Open Joint-Stock Company Short corporate name OAO IDGC of South
Location 344002, Russian Federation, Rostov-on-Don, ul. Bolshaya Sadovaya, d. 49.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 51.657% business entity
Percentage of ordinary shares in the business 51.657% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding,
183 Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
24. Full corporate name Interregional Distribution Grid Company of the North Caucasus Open Joint-Stock Company Short corporate name OAO IDGC of the North Caucasus Location 357506, Russian Federation, Stavropol Territory, Pyatigorsk, village of Energetik, ul. Podstantsionnaya, 18 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 58.253% business entity
Percentage of ordinary shares in the business 58.253% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
25. Full corporate name Lenenergo Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Lenenergo Location 196247, Saint Petersburg, Ploshchad Konstitutsii, d. 1. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 59.341% business entity
Percentage of ordinary shares in the business 67.34% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
26. Full corporate name Tomsk Distribution Company Open Joint- Stock Company Short corporate name OAO TDC Location Russian Federation, 634041, Tomsk, pr. Kirova, 36 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 52.025% business entity
Percentage of ordinary shares in the business 59.881%
184 entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
27. Full corporate name Kabardino-Balkarian Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Kabbalkenergo Location 360000, Kabardino-Balkaria, Nalchik, ul. Shchorsa, d. 6. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 65.268% business entity
Percentage of ordinary shares in the business 65.268% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
28. Full corporate name Dagestan Power Sales Company Open Joint- Stock Company Short corporate name OAO Dagestan Power Sales Company. Location Republic of Dagestan, Makhachkala, ul. Dakhadaeva, d. 73.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 51% business entity
Percentage of ordinary shares in the business 51% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
29. Full corporate name Interregional Distribution Grid Company of the Center Open Joint-Stock Company Short corporate name OAO IDGC of the Center Location 129090, Moscow, Glukharev pereulok, d. 4/2 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 50.231% business entity
185
Percentage of ordinary shares in the business 50.231% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
30. Full corporate name Interregional Distribution Grid Company of the Center and Volga Region Open Joint-Stock Company Short corporate name OAO IDGC of the Center and Volga Location 603950, Russian Federation, Nizhni Novgorod, ul. Rozhdestvenskaya, d. 33.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 50.4% business entity
Percentage of ordinary shares in the business 50.4% entity owned by JSC IDGC Holding Stake held by the business entity in the 0.00482% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0.00482%
31. Full corporate name Moscow United Electric Grid Company Open Joint-Stock Company Short corporate name - OAO Moscow United Electric Grid Company; - OAO MOESK Location 142100, Russian Federation, Moscow Region, Podolsk, ul. Ordzhonikidze, d. 27. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 50.905% business entity
Percentage of ordinary shares in the business 50.905% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
32. Full corporate name Open Joint-Stock Company for Energy and Electrification of Kuban
186 Short corporate name OAO Kubanenergo Location 350033, Russian Federation, Krasnodar, ul. Stavropolskaya, d. 2. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 49% business entity
Percentage of ordinary shares in the business 49% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
33. Full corporate name Ingushenergo Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Ingushenergo Location 366720, Ingushi Republic, Nazran, ul. Mutalieva, 23.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 49.002% business entity
Percentage of ordinary shares in the business 49.002% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
34. Full corporate name Grozenergo Open Joint-Stock Company for Energy and Electrification of the Chechen Republic Short corporate name АО Grozenergo Location 364000, Grozny, Staropromyslovskoye shosse, d.6 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 49% business entity
Percentage of ordinary shares in the business 49% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
187
35. Full corporate name Sevkavkazenergo Open Joint-Stock Company for Energy and Electrification Short corporate name OAO Sevkavkazenergo Location 362040, Republic of North Ossetia-Alania, Vladikavkaz, ul. Tamaeva, d. 19 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 49.001% business entity
Percentage of ordinary shares in the business 49.001% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
36. Full corporate name Moscow Power Grid Management Company Open Joint-Stock Company Short corporate name OAO MUEK
Location 115035, Moscow, ul. Sadovnicheskaya, d. 36, str. 1.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 50% business entity
Percentage of ordinary shares in the business 50% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
37. Full corporate name Northwest Energy Management Company Open Joint-Stock Company Short corporate name OAO SZUEK Location 191186, Saint Petersburg, Marsovo pole, d. 1. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 49% business entity
Percentage of ordinary shares in the business 57.4% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding,
188 Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
38. Full corporate name ChirkeyGESstroy Open Joint-Stock Company Short corporate name OAO ChirkeyGESstroy Location 367000, Republic of Dagestan, Makhachkala, ul. Kazbekova, pereulok Avtomobilistov, 7a Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25% business entity
Percentage of ordinary shares in the business 25% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
39. Full corporate name Bureyagesstroy Open Joint-Stock Company Short corporate name OAO Bureyagesstroy Location 676730, Russia, Amur Region, Bureysky District, village of Talakan. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25.011% business entity
Percentage of ordinary shares in the business 25.011% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
40. Full corporate name Krzhizhanovsky Power Engineering Institute Open Joint-Stock Company Short corporate name OAO ENIN Location 119991, Moscow, Leninsky prospekt, 19. Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 31.342% business entity
Percentage of ordinary shares in the business 31.342% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC 0%
189 Holding owned by the business entity.
41. Full corporate name Northwest Energy Engineering Center Open Joint-Stock Company Short corporate name OAO SevZap NTTs Location 191036, Saint Petersburg, Nevsky prospekt, 111/3 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25% business entity
Percentage of ordinary shares in the business 25% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
42. Full corporate name Volga Region Energy Engineering Center Open Joint-Stock Company Short corporate name OAO Volga Region EEC Location 443001, Samara, ul. Samarskaya, d. 203 b Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25% business entity
Percentage of ordinary shares in the business 25% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
43. Full corporate name South Energy Engineering Center Open Joint- Stock Company Short corporate name OAO South EEC Location 350058, Krasnodar, ul. Starokubanskaya, d. 116 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25% business entity
Percentage of ordinary shares in the business 25% entity owned by JSC IDGC Holding Stake held by the business entity in the 0%
190 authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
44. Full corporate name Urals Energy Engineering Center Open Joint- Stock Company – URALVNIPIENERGOPROM, Uralselenergoproekt, UralTEP, UralORGRES, UralVTI, Uralenergosetproekt, Chelyabenergosetproekt Short corporate name OAO Urals Energy Engineering Center
Location 620075, Russia, Sverdlovsk Region, Yekaterinburg, ul. Pervomaiskaya, 56 (legal address) 620075, Sverdlovsk Region, Yekaterinburg, ul. Pervomaiskaya, 56, P.O. Box 171, office 527 (postal address)
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25.001% business entity
Percentage of ordinary shares in the business 25.001% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
45. Full corporate name Siberian Energy Research and Development Center Open Joint-Stock Company Short corporate name OAO Siberian ENTTs Location 630132, Novosibirsk Region, Novosibirsk, ul. Dimitrova, d.7 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 25% business entity
Percentage of ordinary shares in the business 25% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
46.
191 Full corporate name Nurenergo Open Joint-Stock Company Short corporate name OAO Nurenergo Location 364000, Chechen Republic, Grozny, Staropromyslovskoye shosse, 6.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 23% business entity
Percentage of ordinary shares in the business 23% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
47. Full corporate name Zarubezhenergostroy Open Joint-Stock Company Short corporate name OAO Zarubezhenergostroy Location 101000, Moscow, Potapovsky per., d. 5, str. 2 Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 9.51% business entity
Percentage of ordinary shares in the business 9.51% entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
48. Full corporate name IT Energy Service Limited Liability Company Short corporate name OOO IT Energy Service Location 119526, Moscow, prospekt Vernadskogo, d. 101, korp. 3, office С-214.
Stake held by JSC IDGC Holding in the authorized (share) capital (unit trust) of the 19.99% business entity
Percentage of ordinary shares in the business - entity owned by JSC IDGC Holding Stake held by the business entity in the 0% authorized capital of JSC IDGC Holding, Percentage of ordinary shares in JSC IDGC Holding owned by the business entity. 0%
192 10.1.6. Information Concerning Material Transactions Executed by JSC IDGC Holding Information concerning material transactions executed by the issuer is not specified herein since the issuer was established on July 1, 2008. As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.
10.1.7. Information Concerning the Credit Ratings of JSC IDGC Holding No credit ratings were assigned to the issuer.
10.2. Information About Each Category (Type) of Shares in JSC IDGC Holding
A) Class, category (type) of securities: uncertificated registered ordinary shares. • Par value per share: 1 ruble. • Quantity of outstanding shares: 41,041,753,984 shares. • Quantity of additional shares being offered: N/A. • Quantity of authorized shares: authorized shares are not provided for by the Articles of Association of the issuer. • Quantity of shares recorded on the balance sheet of JSC IDGC Holding: N/A. • Quantity of additional shares which may be offered as a result of conversion of outstanding securities convertible into shares or exercising the options of JSC IDGC Holding: N/A. • State registration number: 1-01-55385-Е. • Date of state registration: July 29, 2008. • Rights of owners of ordinary shares in JSC IDGC Holding: In conformity with Article 5.2 of the Articles of Association of the Issuer, shareholders owning ordinary shares in the Company have the following rights: • to participate in person or through their agents in the General Meeting of Shareholders of the Company and to vote on all issues within its jurisdiction; • to dispose of shares owned by them without consent of other shareholders and the Company; • to receive a portion of net income (dividends) distributable among the shareholders in accordance with the procedure provided for by the laws of the Russian Federation and these Articles of Association; • to have access to the documents of the Company shareholders in accordance with the procedure provided for by the law of the Russian Federation and these Articles of Association; • to request that the Company, in whole or in part, repurchase the shares owned by them as provided for by the laws of the Russian Federation; • of pre-emption of additional shares and issue-grade securities convertible into shares to be placed by the Company in a public offering in an amount proportionate to the quantity of shares of this category (type) owned by them as provided for by the laws of the Russian Federation; • to receive a portion of the Company's property (disposal value) in accordance with the procedure established by the laws of the Russian Federation and полу these Articles of Association;
193 • to exercise any other rights provided for by the laws of the Russian Federation, the Articles of Association and resolutions of the General Meeting of Shareholders adopted within its jurisdiction.
B) Class, category (type) of securities: uncertificated registered preference shares. • Par value per share: 1 ruble. • Quantity of outstanding shares: 2,075,149,384 shares. • Quantity of additional shares being offered: N/A. • Quantity of authorized shares: authorized shares are not provided for by the Articles of Association of the issuer. • Quantity of shares recorded on the balance sheet of JSC IDGC Holding: N/A. • Quantity of additional shares which may be offered as a result of conversion of outstanding securities convertible into shares or exercising the options of JSC IDGC Holding: N/A. • State registration number: 2-01-55385-Е. • Date of state registration: July 29, 2008. • Rights of owners of preference shares in JSC IDGC Holding: In conformity with Article 5.2 of the Articles of Association of the Issuer, preference shares in the Company have the same par value and provide to their owners the same volume of rights. Article 5.3 of the Articles of Association of the Issuer specifies that the owners of preference shares are entitled to the annual fixed dividend. Total amount payable as a dividend on each preference share is 10 (ten) percent of the Company's net profit for the fiscal year divided by the number of shares equivalent to 25 (twenty five) percent of the authorized capital of the Company. If the amount of dividends payable by the Company on each ordinary share in a certain year exceeds the amount payable as dividends on each preference share, the amount of dividend payable on the latter needs to be increased to the amount of dividend payable on ordinary shares. Dividends are payable to the holders of preference shares on an annual basis within the time limits set by the General Meeting of Shareholders of the Company, yet no later than May 1 (first) of the year following the year of the General Meeting of Shareholders which adopts a resolution on the payment of dividends and additionally on the date of payment of dividends on ordinary shares when in conformity with this paragraph the amount of dividend on preference shares needs to be increased to the amount of dividend payable on ordinary shares. In conformity with Article 5.6 of the Articles of Association of the Issuer, shareholders owning preference shares are entitled to participate in the General Meeting of Shareholders and have the right to vote on all issues within its jurisdiction starting from the meeting following the annual meeting of shareholders which irrespective of reasons fails to adopt a resolution on the payment of dividends or adopts a resolution on the incomplete payment of dividends on preference shares. The right of shareholders owning preference shares to participate in the General Meeting of Shareholders ceases as from the first payment of dividends on the above- mentioned shares. Shareholders owning preference shares participate in the General Meeting of Shareholders of the Company and have the right to vote when the issues of the reorganization and liquidation of the Company are resolved. Shareholders owning preference shares acquire the right to vote when 194 the General Meeting of Shareholders resolves the issues of amendment of the Articles of Association of the Company which restricts the rights of shareholders owning this type of preference shares and the issues of granting privileges to shareholders owning any other type of preference shares in the order of payment of dividend and/or the disposal value of shares (Articles 5.7 of the Articles of Association of the Issuer).
10.3. Information Concerning Previous Issuances of Issue-Grade Securities of JSC IDGC Holding Other than Shares JSC IDGC Holding did not issue any other issue-grade securities.
10.4. Information Concerning Individual(s) Who Provided Collateral Securing Bonds from the Issuance JSC IDGC Holding did not issue bonds.
10.5. Conditions for Securing the Performance of Obligations with Respect to Bonds from the Issuance JSC IDGC Holding did not issue bonds.
10.6. Information Concerning Entities Recording the Rights to the Issue-Grade Securities of JSC IDGC Holding
Full corporate name of the registrar ZAO STATUS Registration Company Short name of the registrar ZAO STATUS Russia, 109544, Moscow, ul. Registrar’s location and postal address Dobrovolcheskaya, d. 1/64 Number of the registrar’s license to perform activities related to maintaining the register of No. 10-000-1-00304 securities owners Date of issuance of the registrar’s license to perform activities related to maintaining the March 12, 2004 register of securities owners Period of the registrar’s license to perform for an indefinite term activities related to maintaining the register of securities owners Authority issuing the registrar’s license to perform activities related to maintaining the Federal Securities and Exchange Commission register of securities owners of Russia
Other information about maintaining the register of owners of the issuer’s securities N/A specified by the issuer at its sole discretion
10.7. Information Concerning Legislative Acts Governing Capital Import/Export Aspects Which May Affect Dividend, Interest and Other Payments to Non-residents
Names and details of the applicable legislative acts of the Russian Federation as of the date of approval of the securities prospectus which govern capital import/export aspects and may affect the payment of dividend to the issuer’s shares to non-residents:
195 The fundamental principles of foreign exchange operations in the Russian Federation, the rights and obligations of corporate entities and individuals in the ownership, use and management of foreign currency and the Russian Federation currency, liability for the breach of currency laws are specified in the Federal Law of the Russian Federation No. 173-FZ "On Currency Regulation and Currency Control" dated December 10, 2003;
However, the below-listed laws legislative acts also contain corresponding norms specifying the procedure for executing transactions and making settlements using the Russian and foreign currency: • Civil Code of the Russian Federation (part one) No. 51-FZ dated November 30, 1994; • Civil Code of the Russian Federation (part three) No. 146-FZ dated November 26, 2001; • Tax Code of the Russian Federation (part one) No. 146-FZ dated July 31, 1998; • Tax Code of the Russian Federation (part two) No. 117-FZ dated August 5, 2000; • Federal Law of the Russian Federation No. 160-FZ (as amended on June 26, 2007) "On Foreign Investments in the Russian Federation" dated July 9, 1999; • Federal Law No. 39-FZ "On Securities Market" dated April 22, 1996; • Federal Law No. 86-FZ "On the Central Bank of the Russian Federation (Bank of Russia)" dated July 10, 2002; • Federal Law No. 115-FZ "On Anti-Money Laundering and Combating the Financing of Terrorism" dated August 7, 2001. • International treaties (agreements) between Russia and foreign countries validated by Federal Laws of the Russian Federation and specifying the double taxation prevention mode in the countries participating in these treaties (agreements): • Treaty between the Government of the Russian Federation and the Government of the Republic of Uzbekistan "On the Avoidance of Double Taxation of Income and Property" dated March 2, 1994 (the Treaty was validated by Federal Law of the Russian Federation No. 51-FZ dated April 24, 1995); • Treaty between the Government of the Russian Federation and the Government of Ukraine "On the Avoidance of Double Taxation of Income and Property and the Prevention of Tax Evasions" dated February 8, 1995 (the Treaty was validated by Federal Law of the Russian Federation No. 145-FZ dated July 8, 1999); • Treaty between the Government of the Russian Federation and the Government of the Republic of Belarus "On the Avoidance of Double Taxation and the Prevention of Income and Property Tax Evasion" dated April 21, 1995 (the Treaty was validated by Federal Law of the Russian Federation No. 14-FZ dated January 10, 1997); • Treaty between the Government of the Russian Federation and the Government of the Republic of Moldova "On the Avoidance of Double Taxation of Income and Property and the Prevention of Tax Evasion" dated April 12, 1996 (the Treaty was validated by Federal Law of the Russian Federation No. 72-FZ dated April 28, 1997); • Convention between the Government of the Russian Federation and the Government of the Republic of Kazakhstan "On the Elimination of Double Taxation and the Prevention of Income and Capital Tax Evasion" dated October 18, 1996 (the Convention was validated by Federal Law of the Russian Federation No. 74-FZ dated April 28, 1997); • Treaty between the Government of the Russian Federation and the Government of the Republic of Armenia "On the Elimination of Double Taxation of Income and Property" dated December 28, 1996 (the Treaty was validated by Federal Law of the Russian Federation No. 151-FZ dated December 17, 1997); • Treaty between the Government of the Russian Federation and the Government of the Kyrgyz Republic "On the Avoidance of Double Taxation and the Prevention of Income Tax Evasion" dated January 13, 1999 (the Treaty was validated by Federal Law of the Russian Federation No. 146-FZ dated July 8, 1999); • Treaty between the Government of the Russian Federation and the Government of the Republic of Lithuania "On the Avoidance of Double Taxation and the Prevention of Income and
196 Capital Tax Evasion" dated June 29, 1999 (the Treaty was validated by Federal Law of the Russian Federation No. 40-FZ dated April 26, 2005); • Agreement between the Government of the Russian Federation and the U.S. Government "On the Avoidance of Double Taxation and the Prevention of Income and Capital Tax Evasion" dated June 17, 1992 (the Agreement was validated by Resolution of the Supreme Soviet of the Russian Federation No. 3702-1 dated October 22, 1992); • Convention between the Government of the Russian Federation and the Government of the State of Israel "On the Avoidance of Double Taxation and the Prevention of Income Tax Evasion" dated April 25, 1994 (the Convention was validated by Federal Law of the Russian Federation No. 126-FZ dated October 8, 2000); • Convention between the Government of the Russian Federation and the Government of the United Kingdom of Great Britain and Northern Ireland "On the Avoidance of Double Taxation and the Prevention of Income and Incremental Property Value Tax Evasion" dated February 15, 1994 (and the exchange of Notes dated February 15, 1994 between the Ambassador Extraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Ireland to the Russian Federation and Deputy Minister of Foreign Affairs of the Russian Federation) (the Convention and the Agreement in the form of exchange of notes for the application of certain provisions of the Convention were validated by Federal Law No. 65-FZ dated March 19, 1997); • Treaty between the Russian Federation and the Federal Republic of Germany "On the Prevention of Income and Property Double Taxation" dated May 29, 1996 (the Agreement was validated by Federal Law of the Russian Federation No. 158-FZ dated December 18, 1996); • Treaty between the Government of the Russian Federation and the Government of the Republic of Cyprus "On the Avoidance of Double Taxation of Income and Capital" dated December 5, 1998 (the Agreement was validated by Federal Law No. 167-FZ dated July 17, 1999).
10.8. Description of the Procedure for Taxation of Income from the Issue-Grade Securities (to Be) Placed by JSC IDGC Holding
Taxation of income from the securities issued by JSC IDGC Holding, and operations involving such securities
The taxation of income from the issue-grade securities (to be) placed by the issuer is governed by the Tax Code of the Russian Federation (hereinafter also referred to as "TC") and other regulations of the Russian Federation adopted in accordance with the Tax Code of the Russian Federation.
Tax Rates
Corporate Entities Individuals
Type of income Residents Non-residents Residents Non-residents Income from the sale of 24% (namely: securities 6.5% from the federal budget; 17.5% from the 20% 13% 30% budget of the constituent entity)
Dividend income from 0% Russian entities (subparagraph 1 15% 9% 15% of paragraph 3 197 of Article 284 of the TC of the Russian Federation) and 9% (subparagraph 2 of paragraph 3 of Article 284 of the TC of the Russian Federation)
Procedure for the taxation of individuals. Tax type: income tax. Income from sources in the Russian Federation includes: -dividend and interest received from the Russian entity and interest received from Russian self-employed entrepreneurs and/or foreign entity with respect to the activities of its permanent establishment in the Russian Federation; -income from the sale in the Russian Federation of shares or other securities and stakes in the authorized capital of entities. Tax base. The taxpayer’s income in the form of monetary benefit is the monetary benefit from purchasing securities. Tax base is determined as the market value of securities adjusted for the margin of fluctuation of the market price of securities exceeding the sum of actual expenses incurred by the taxpayer in connection with purchasing securities. The procedure for determining the market price of securities and the margin of fluctuation of the market price of securities are approved by the federal authority regulating the securities market. The tax base for income from operations involving securities is adjusted for income from the following operations: -purchase and sale of securities traded in the organized securities market; - purchase and sale of securities not traded in the organized securities market. Income (loss) from securities purchase and sale operations is determined as the difference between the sums of income from the sale of securities and documented expenses in connection with purchasing, selling and storing securities actually paid by the taxpayer or property-related tax deductions reducing income from a purchase and sale transaction. The above-mentioned expenses include: -sums paid to the seller in accordance with the agreement; -payment for services provided by the depositary; -commission fees of professional participants in the securities market, discount paid (reimbursed) by the mutual fund management company in the sale (redemption) of the mutual fund investment unit by the investor determined in accordance with the procedure set forth in the laws of the Russian Federation on investment funds; -exchange charge (commission); -payment for the registrar’s services; -other expenses directly associated with the purchase, sale and storage of securities and paid for the services provided by professional participants in the securities market as part of their professional activity. Income (loss) from the operations of purchase and sale of securities traded in the organized securities market decreases (increases) by the sum of interest paid for using cash raised for the execution of securities purchase and sale transaction within the sums calculated based on the existing refinancing rate of the Central Bank of the Russian Federation.
198 The amount of loss from operations involving securities traded in the organized securities market is adjusted for the margin of fluctuation of the market price of securities. Securities traded in the organized securities market include securities permitted to be traded by trade institutors which obtained the license from the federal authority governing the securities market. The market quotation of the security traded in the organized securities market means the average weighted price of the security in transactions executed during the trading day through the trade institutor. If transactions in the same security are executed through two or more trade institutors, the taxpayer is entitled to select the market quotation of the security from one trade institutor. Unless the average weighted price is calculated by the trade institutor, the average weighted price is half the sum of maximum and minimum prices of transactions executed during the trading day through the trade institutor. Unless expenses incurred by the taxpayer in connection with the purchase, sale and storage of securities can be directly charged to expenses in connection with the purchase, sale and storage of specific securities, the above-mentioned expenses are allocated in proportion to the value of securities which the above-mentioned expenses are associated. The value of securities is determined as of the date on which these expenses are paid. Loss from operations involving securities traded in the organized securities market resulting from the above-mentioned operations executed in the tax period reduces the tax base for the operations of purchase and sale of securities belonging to this category. Income from the operations of purchase and sale of securities not traded in the organized securities market which as of their purchase date meet the requirements for securities traded in the organized securities market can be reduced by the amount of loss from the operations of purchase and sale of securities traded in the organized securities market generated in the tax period.
Date of actual income receipt: -day of income payment, including the crediting of income to the taxpayer’s bank accounts or, under the taxpayer’s instructions, to third-party accounts (when income is received in cash); -day of securities purchase. Tax base for securities purchase and sale operations and operations involving the financial instruments of term transactions is determined when the tax period is over. The tax amount is assessed and paid by the tax agent after the tax period is over or when the tax agent pays funds to the taxpayer before the regular tax period is over. If the tax agent pays funds before the regular tax period is over, tax is imposed on the portion of income corresponding to the actual sum of paid funds. Income portion is determined as the product of total income and the ratio of paid sum to the value of securities as of the date of payment of funds for which the tax agent acts as broker. If funds are paid to the taxpayer more than once during the tax period, the tax amount is calculated on a cumulative total basis by offsetting the tax amounts paid earlier. The value of securities is determined based on the actually paid and documented expenses in connection with purchasing such securities. The payment of funds means the payment of cash or the crediting of funds to the individual bank account or third-party account upon request from the individual. If the source of income is unable to withhold the assessed tax amount from the taxpayer, the tax agent (broker, trust manager or other individual executing operations under agency, commission or other agreement in favor of the taxpayer), the tax authority with which it is registered is given written notice of the impossibility to make the above-mentioned withholding and the sum of debt owed by the taxpayer within one month of the day on which such obligation arises. In this case, tax is paid in accordance with Article 228 of the Tax Code.
Procedure for the taxation of corporate entities. Tax type: profit tax.
199 Income includes: -revenue from the sale of property rights (sales income); -non-operating income in the form of interest on securities and other debt instruments and/or ownership of other entities. Tax base. The taxpayer's income from operations related to the sale or any other disposal of securities (including redemption) is determined based on the price of sale or any other disposal of a security. Expenses in connection with the sale (or any other disposal) of securities are determined based on the security purchasing price (including expenses in connection with its purchase), costs in connection with its sale and the amount of relieves against the calculated value of investment units. Securities are recognized as traded in the organized securities market provided that all of the following conditions are fulfilled: 1) if they are permitted to be traded by at least one trade institutor authorized by national laws; 2) if information about these prices (quotations) is published in mass media (including electronic media) or can be provided by the trade institutor or other duly authorized entity to any stakeholder within three years of the date of execution of operations involving securities; 3) if their market quotation is calculated as provided for by the applicable national laws. The market price of securities traded in the organized securities market for tax purposes is the actual price of sale or any other disposal of securities if this price is between the minimum and maximum prices of transactions (price range) in the above-mentioned security registered by the trade institutor in the securities market on the date of execution of the transaction concerned. If securities traded in the organized securities market are sold at a price lower than the minimum price of transactions in the organized securities market, the minimum price of a transaction in the organized securities market is used for determining the financial result. In respect of securities not traded on the organized securities market the actual price of sale or any other disposal of these securities applies for tax purposes provided that at least one of the following conditions is fulfilled: 1) if the actual price of the transaction concerned falls within the price range for a similar (identical, homogenous) security registered by the trade institutor in the securities market on the date of execution of the transaction or on the date of the nearest sales which take place prior to the day of completion of the transaction concerned if these securities have been traded by the trade institutor at least once in the past 12 months; 2) if a deviation of the actual price of the transaction concerned falls within the range of 20 percent upward or downward from the average weighted price of a similar (identical, homogenous) security calculated by the trade institutor in the securities market in accordance with the rules established by the trade institutor based on the results of sales on the date of execution of such transaction or on the date of the nearest sales which take place prior to the day of completion of the transaction concerned if these securities have been traded by the trade institutor at least once in the past 12 months. The tax base for operations involving securities is determined by the taxpayer separately, with the exception of tax base for operations involving securities determined by professional participations in the securities market. Taxpayers (with the exception of professional participations in the securities market involved in dealer activities) determine the tax base for operations involving securities traded in the organized securities market separately from the tax base for operations involving securities not traded in the organized securities market. In the sale or any other disposal of securities the taxpayer selects one of the following methods of expensing the value of securities disposed of in accordance with the accounting policy adopted for tax purposes: 1) based on the value of first-in acquisitions (FIFO); 2) based on the value of last-in acquisitions (LIFO);
200 3) based on unit value. In accordance with the issuer’s accounting policy the value of disposed securities are expensed based on unit value. Taxpayers that incur loss(es) from operations involving securities in the previous tax period(s) are entitled to reduce the tax base for operations involving securities in the reporting (tax) period (carry forward the above-mentioned losses) as provided for by Article 283 of the Tax Code.
Losses from operations involving securities not traded in the organized securities market incurred in the previous tax period(s) may be used to reduce the tax base from operations involving such securities determined in the reporting (tax) period. Losses from operations involving securities traded in the organized securities market incurred in the previous tax period(s) may be used to reduce the tax base from operations related to the sale of this category of securities. During the tax period, losses incurred in the reporting period concerned from operations involving securities traded in the organized securities market and securities not traded in the organized securities market are carried forward separately for the above-mentioned categories of securities within the profit from operations involving such securities. If the tax agent pays income to the foreign entity which in accordance with international agreements (treaties) is taxable in the Russian Federation at reduced rates, income tax amounts are assessed and withheld by the tax agent at the reduced rates concerned provided that the foreign entity gives confirmation to the tax agent provided for by paragraph 1 of Article 312 of the Tax Code of the Russian Federation. If the provisions of international agreements executed by the Russian Federation apply, the foreign entity has to give confirmation to the tax agent paying income that this foreign entity is permanently resident in the country with which the Russian Federation executed an international agreement (treaty) governing taxation issues, which has to be certified by the duly authorized body of the foreign country concerned. If this confirmation is prepared in a foreign language, its Russian translation is also provided to the tax agent. If the foreign entity entitled to receive income gives confirmation to the tax agent paying income prior to the date of payment of income with respect to which the international agreement executed by the Russian Federation provides for preferential tax treatment in the Russian Federation, such income is exempt from withholding tax at source or tax from source is withheld at reduced rates. The amount of tax on the income of foreign entities being withheld is paid by the tax agent to the federal budget simultaneously with the payment of income either in the currency in which such income is paid or in the Russian Federation currency at the official rate of the Central Bank of the Russian Federation as of the tax payment date.
10.9. Information Concerning Declared (Accrued) and Paid Dividend on the Issuer’s Shares and Yield on the Issuer’s Bonds Between the date of state registration of the issuer and the date of approval of this securities prospectus by the General Meeting of Shareholders, the issuer did not adopt any resolutions on the declaration (payment) of dividend. JSC IDGC Holding did not issue bonds.
10.10. Other Information Other information about the issuer and its securities whose disclosure is provided for by the Federal Law "On Securities Market" or other federal laws: N/A.
201
Appendix 1. Initial Balance Sheet of JSC IDGC Holding as of July 1, 2008
202
INITIAL BALANCE SHEET
CODES Form No. 1 as per the Russian Classification of As of July 1, 2008 71ООО1 Management Documentation (OKUD) Date (year, 2008/7/1 month, day) As per Russian Classification of Entity: JSC IDGC Holding Enterprises and 94129941 Organizations (OKPO) Taxpayer Identification Number INN 7728662669 As per Russian Classification of Activity type: management of holding companies Economic 74.15.2 Activities (OKVED) As per Russian Classification of Organizational and Legal Forms Legal Form / Property Category / Russian 47/43 open joint-stock company Classification of Property Categories (OKOPF/OKFS) As per Russian Classification of Measurement unit: rubles Measurement Units (OKEI) Location: 117630, Moscow, ul. Akademika Chelomeya, d. 5A
Balance Sheet Items Code At Beginning of Period ASSETS I. NON-CURRENT ASSETS Intangible assets, including 110 0.00 0.00 rights to patents, programs, trademarks and other similar rights and assets 111
organizational expenses 112 0.00 goodwill of the entity 113 0.00 other intangible assets 114 0.00 Research, development and engineering expenses 115 0.00
203 Fixed assets, including 120 8,860,743.35 land and natural resources 121 0.00 buildings, structures, machinery and equipment 122 8,676,545.35 other fixed assets 123 184,198.00 Investments in non-current assets, including 130 1,682,947,066.24 equipment for installation 13001 0.00 investments in non-current assets 13002 1,682,947,066.24 Income-bearing investments in tangible assets, including 135 5,069,178.20 property for lease 136 0.00 property leased out under rental agreement 137 5,069,178.20 231,333,583,521.64 Long-term financial investments, including 140
investments in subsidiaries 141 224,742,756,435.28 investments in dependent companies 142 6,590,613,143.36 investments in other entities 143 213,943.00 loans extended for more than 12 months 144 0.00 other long-term financial investments 145 0.00 Deferred tax assets 148 0.00 Section I Total 190 233,030,460,509.43
II. CURRENT ASSETS Inventories, including 210 68,563,932.07 raw materials, materials and other similar assets, namely: 211 0.00 fuel oil 21101 0.00 coal 21102 0.00 diesel fuel 21103 0.00 other process fuel 21104 0.00 spare parts 21105 0.00 other raw materials and materials 21107 0.00 livestock 212 0.00 work-in-progress costs (marketing costs) 213 0.00 finished products and goods for resale 214 0.00 goods dispatched 215 0.00 deferred expenses 216 68,563,932.07 other inventories and costs 217 0.00 Value added tax on assets purchased 220 255,032,359.18 Accounts receivable (amounts falling due within more than 12 months of the balance sheet date), including 230 4,844,730,282.61 buyers and customers, namely: 231 0.00 financed by the federal budget 23101 0.00 financed by the budgets of the constituent entities of the Russian Federation 23102 0.00 financed by local budgets 23103 0.00 other buyers and customers 23104 0.00 notes receivable 232 0.00 204 receivables from subsidiaries and dependent companies 233 0.00 advance payments made 234 0.00 other receivables 235 4,844,730,282.61 receivables under equity participation agreements 23501 0.00 rotes receivable 23502 4,844,730,282.61 other receivables 23503 0.00 Accounts receivable (amounts falling due within 12 months of the balance sheet date), including 240 7,821,434,274.84 buyers and customers, namely: 241 0.00 intra-group sale of electricity through FOREM 24101 0.00 electricity and heat selling dealers 24102 0.00 entities financed by the federal budget 24103 0.00 entities financed by the budgets of the Russian Federation 24104 0.00 entities financed by local budgets 24105 0.00 other electricity and heat consumers 24106 0.00 transmission fee payable 24107 61,484,686.45 other buyers and customers 24108 1,345,075.39 notes receivable 242 0.00 receivables from subsidiaries and dependent companies 243 0.00 receivables from participants with respect to authorized capital contributions 244 0.00 advance payments made to: 245 0.00 electricity and heat suppliers 24501 0.00 fuel suppliers 24502 0.00 materials suppliers 24503 0.00 construction entities 24504 0.00 maintenance entities 24505 0.00 service suppliers 24506 0.00 other advance payments made 24507 0.00 other receivables, including 246 7,758,604,513.00 penalties, fines, late charges receivable under agreements 24601 0.00 tax overpayments to the federal budget 24602 0.00 tax overpayments to the budgets of the constituent entities of the Russian 0.00 24603 Federation tax overpayments to local budgets 24604 0.00 overpayments to extra-budgetary funds 24605 0.00 payables to RAO UES of Russia for engineering services 24607 23,940,673.00 receivables from RAO UES of Russia for engineering services 24608 0.00 payables to RAO UES of Russia for design and engineering 24609 0.00 receivables from RAO UES of Russia for design and engineering 24610 0.00 other receivables 24611 1,488,507,840.00 settlements related to share purchase 24612 51,000.00 notes 24613 6,246,105,000.00 Short-term financial investments, including 250 79,603,762.63
205 loans extended for less than 12 months 251 79,603,762.63 other short-term financial investments 253 0.00 Cash, including 260 320,095,769.87 cash in hand 261 0.00 settlement accounts 262 320,095,769.87 foreign currency accounts 263 0.00 other cash, namely: 264 0.00 special bank accounts 26401 0.00 cash documents 26402 0.00 transfers in transit 26403 0.00 Other current assets, including 270 0.00 intercompany settlements related to current operations 27002 0.00 intercompany settlements related to construction 27003 0.00 intercompany settlements related to design and engineering 27004 0.00 intercompany settlements related to asset protection budget 27006 0.00 intercompany settlements related to VAT 27007 0.00 other current assets 27005 0.00 Section II Total 290 13,389,460,381.20 Balance (sum of lines 190+290) 300 246,419,920,890.63
III. CAPITAL AND RESERVES Authorized capital, including 410 43,116,903,368.00 preference shares 41001 2,075,149,384.00 ordinary shares 41002 41,041,753,984.00 Treasury shares 411 Incremental capital 420 0.00 Settlements with regard to segregated property 423 Reserve funds, including 430 0.00 statutory reserves 431 0.00 reserves formed in accordance with constitutive documents 432 0.00 Special-purpose financing 450 0.00 Undistributed profit of previous years 460 195,341,204,292.09 Uncovered loss of previous years 465 0.00 Undistributed profit of the reporting year 470 0.00 Uncovered loss of the reporting year 475 0.00 Section III Total 490 238,458,107,660.09 IV. LONG-TERM LIABILITIES Loans and advances, including 510 0.00 bank loans repayable within more than 12 months 511 0.00 other loans repayable within more than 12 months 512 Deferred tax liabilities 515 0.00 Other long-term liabilities, including 520 0.00 accounts payable to suppliers and contractors 52001 0.00
206 accounts payable to social funds, including 52002 0.00 Pension Fund of the Russian Federation 52003 0.00 Compulsory medical insurance fund 52004 0.00 Employment fund 52005 0.00 Social insurance fund 52006 0.00 penalties and fines payable to extra-budgetary funds 52007 0.00 accounts payable to the budget (restructured taxes), namely: 52008 0.00 federal budget 52009 0.00 budgets of the constituent entities of the Russian Federation 52010 0.00 local budgets 52011 0.00 profit tax payable (based on the transitional period base) to: 52020 0.00 federal budget 52021 0.00 budgets of the constituent entities of the Russian Federation 52022 0.00 local budgets 52023 0.00 Other long-term liabilities 52012 0.00 Section IV Total 590 0.00 V. SHORT-TERM LIABILITIES Loans and advances, including 610 0.00 bank loans repayable within 12 months 611 0.00 loans repayable within 12 months of the balance sheet date 612 0.00 Accounts payable, including 620 7,726,325,532.46 suppliers and contractors, namely: 621 0.00 suppliers of electricity through FOREM 62101 0.00 other electricity and heat suppliers 62102 0.00 gas suppliers 62103 0.00 fuel oil suppliers 62104 0.00 coal suppliers 62105 0.00 other fuel suppliers 62112 0.00 construction entities 62106 0.00 maintenance entities 62107 0.00 transmission fee payable to RAO UES of Russia 62108 0.00 payables to Rosenergoatom Concern 62110 0.00 payables to NPPs 62111 0.00 payables to other suppliers and contractors 62109 266.67 transmission fee payable to SO – CDA 62113 0.00 transmission fee payable to JSC FGC UES 62114 0.00 notes payable 622 0.00 payables to subsidiaries and dependent companies 623 0.00 payables to personnel, namely: 624 0.00 current payables 62401 0.00 past due payables 62402 0.00 debts to extra-budgetary public funds 623 0.00
207 tax payables 624 0.00 social insurance and benefits payable, including 625 0.00 Pension Fund of the Russian Federation 62501 0.00 0.00 Compulsory medical insurance fund 62502 0.00 Employment fund 62503 0.00 Social insurance fund 62504 0.00 penalties and fines payable to extra-budgetary funds 62505 0.00 0.00 626 taxes and dues payable 0.00 current accounts payable to the budget, including 62610 0.00 federal budget 62601 0.00 62602 0.00 budgets of the constituent entities of the Russian Federation 0.00 local budgets 62603 0.00 profit tax payable (based on the transitional period base) to: 62620 0.00 federal budget 62621 budgets of the constituent entities of the Russian Federation 62622 local budgets 62623 advance payments received from: 627 0.00 electricity consumers through FOREM 62701 0.00 other electricity and heat suppliers 62702 0.00 other advance payments received 62703 0.00 other accounts payable, including 628 7,726,325,265.79 VAT on unpaid products 62801 0.00 payables to R&D extra-budgetary fund 62802 0.00 payables to RAO UES of Russia for engineering services 62804 0.00 receivables from RAO UES of Russia for engineering services 62805 0.00 payables to RAO UES of Russia for design and engineering 62806 0.00 receivables from RAO UES of Russia for design and engineering 62807 0.00 other payables 62808 7,726,325,265.79 Payables to members (founders) with respect to their earnings 630 0.00 Deferred revenue 640 235,487,698.08 Reserve for future expense and payments 650 0.00 Other short-term liabilities, including 660 0.00 intercompany settlements related to current operations 66002 0.00 intercompany settlements related to construction 66003 0.00 intercompany settlements related to design and engineering 66004 0.00 intercompany settlements related to asset protection budget 66006 0.00 intercompany settlements related to VAT 66007 0.00 other short-term liabilities 66005 0.00 Section V Total 690 7,961,813,230.54 BALANCE (sum of lines 490+590+690) 700 246,419,920,890.63 Fixed assets leased 910 0.00 including leasing 911 0.00 Inventories accepted for custody 920 0.00 Materials accepted for processing 925 0.00 Goods accepted for commission 930 0.00 Equipment accepted for installation 935 0.00 208 Registered high-security forms 990 0.00 Bad debt write-off 940 0.00 Collateral securing obligations and payments received 950 0.00 Collateral securing obligations and payments provided 960 0.00 Fixed property depreciation 970 0.00 Depreciation of land improvement facilities and other similar assets 980 66.034.71 Fixed assets leased out 992 0.00 Federally-owned property 993 0.00 Intangible assets granted for use 995 0.00
A. I. Kazakov Director General signature print full name
S. V. Makshakov Chief Accountant signature print full name
July 1, 2008
Appendix 2. Auditors’ Report on the Initial Financial (Accounting) Statements of JSC IDGC Holding (Issuer) as of July 1, 2008
209
FIABCI-RUSSIA RSA Institute of Professional Auditors (IPAR) NP Consult (consulting and auditing group)
115191, Moscow, Dukhovskoi per., 14
Telephone/Fax: (495) 954-4726 (495) 954-4408 (495) 954-3180 (495) 952-1041 (495) 954-1553 E-mail: mailto:[email protected] www.npg.ru
AUDITORS' REPORT No. 1-118-10-08 on the Initial Financial (Accounting) Statements of JSC IDGC Holding as of July 1, 2008
Moscow, 2008
An Independent Firm NP Consult, in association with Moore Stephens International Limited, members in principal cities throughout the world; in association with AKG MOORE STEPHENS RUS
210 ZAO NP Consult
to the Shareholders of JSC IDGC Holding
Information Concerning the Auditor:
Name NP Consult Closed Joint-Stock Company INN (Taxpayer Identification Number) / KPP 7737017200 / 772501001 (Taxpayer Registration Justification Code) State Registration State registration date: December 24, 1992 Number of state registration certificate: 427.526 Registration authority: Moscow Registration Chamber Primary state registration number under which a record was made in the Unified State Register of Legal Entities (EGRYuL): 1027700283566 Date on which a record was made in EGRYuL: October 7, 2002 Place of Business 115191, Moscow, Dukhovskoi per., 14 Postal Address 115191, Moscow, Dukhovskoi per., 14 Telephone (495) 952-1041, 954-4726 Telefax (495) 954-4726 Licenses - License to perform audits No. E004289 was issued pursuant to Decree of the Ministry of Finance of the Russian Federation No. 140, dated May 15, 2003, and will be valid until May 15, 2013; - License to perform work related to the use of state secret No. B347955, dated June 9, 2006, was issued by the Moscow and Moscow Region Directorate of the Federal Security Service of the Russian Federation and will be valid until December 29, 2010. Membership in a Institute of Professional Auditors (IPAR) Certified Professional Association of Auditors
Information Concerning the Auditee:
Name JSC IDGC Holding INN (Taxpayer Identification Number) / KPP 7728662669 / 772801001 (Taxpayer Registration
211 Justification Code) State Registration State registration date: July 1, 2008 Number of state registration certificate: series 77 No. 011168002 Registration authority: Inter-District Inspectorate of the Ministry of Taxation of the Russian Federation No. 46 for Moscow Primary state registration number under which a record was made in the Unified State Register of Legal Entities (EGRYuL): 1087760000019 Date on which a record was made in EGRYuL: July 1, 2008 Place of Business 117630, Moscow, ul. Akademika Chelomeya, d. 5A Postal Address 117630, Moscow, ul. Akademika Chelomeya, d. 5A Telephone (495) 710-6432 Telefax (495) 710-6250
212 ZAO NP Consult
We have audited the accompanying initial financial (accounting) statements of JSC IDGC Holding (hereinafter the "Company") as of July 1, 2008.
The initial financial (accounting) statements of the Company consist of the initial Balance Sheet.
The management of the Company is responsible for the preparation and submission of these initial financial (accounting) statements. Our responsibility is to express an opinion on the reliability of these financial (accounting) statements in all material respects with the laws of the Russian Federation based on the conducted audit.
We conducted our audit in accordance with:
- the Federal Law "On Auditing";
- Federal Auditing Rules (Standards);
- our internal standards on auditing.
The audit was planned and performed to obtain reasonable assurance about whether the initial financial (accounting) statements of the Company are free of material misstatement.
The audit includes examining, on a test basis, evidence supporting the amounts in the initial financial (accounting) statements, assessing compliance with the accounting principles and rules used in the preparation of the initial financial (accounting) statements, considering the principal estimates made by the management of the auditee as well as evaluating the initial financial (accounting) statement presentation.
We believe that our audit provides a reasonable basis for our opinion on the reliability of the initial financial (accounting) statements in all material respects and their conformity with the laws of the Russian Federation.
In our opinion, the initial financial (accounting) statements of the Company present fairly, in all material respects, the financial position of the Company as of July 1, 2008, in accordance with the requirements of laws of the Russian Federation with regard to the preparation of financial (accounting) statements.
Director General (signature) A. A. Nesterov NP Consult Closed Joint-Stock Company
Auditor General Audit Qualification Certificate No. K 016034 (signature) L. A. Zadorogina (unlimited)
October 16, 2008 213
INITIAL BALANCE SHEET
CODES Form No. 1 as per the Russian Classification of As of July 1, 2008 71ООО1 Management Documentation (OKUD) Date (year, 2008/7/1 month, day) As per Russian Classification of Entity: JSC IDGC Holding Enterprises and 94129941 Organizations (OKPO) Taxpayer Identification Number INN 7728662669 As per Russian Classification of Activity type: management of holding companies Economic 74.15.2 Activities (OKVED) As per Russian Classification of Organizational and Legal Forms Legal Form / Property Category / Russian 47/43 open joint-stock company Classification of Property Categories (OKOPF/OKFS) As per Russian Classification of Measurement unit: rubles Measurement Units (OKEI) Location: 117630, Moscow, ul. Akademika Chelomeya, d. 5A
Balance Sheet Items Code At Beginning of Period ASSETS I. NON-CURRENT ASSETS Intangible assets, including 110 0.00 0.00 rights to patents, programs, trademarks and other similar rights and assets 111
organizational expenses 112 0.00 goodwill of the entity 113 0.00 other intangible assets 114 0.00 Research, development and engineering expenses 115 0.00 Fixed assets, including 120 8,860,743.35 land and natural resources 121 0.00
214 buildings, structures, machinery and equipment 122 8,676,545.35 other fixed assets 123 184,198.00 Investments in non-current assets, including 130 1,682,947,066.24 equipment for installation 13001 0.00 investments in non-current assets 13002 1,682,947,066.24 Income-bearing investments in tangible assets, including 135 5,069,178.20 property for lease 136 0.00 property leased out under rental agreement 137 5,069,178.20 231,333,583,521.64 Long-term financial investments, including 140
investments in subsidiaries 141 224,742,756,435.28 investments in dependent companies 142 6,590,613,143.36 investments in other entities 143 213,943.00 loans extended for more than 12 months 144 0.00 other long-term financial investments 145 0.00 Deferred tax assets 148 0.00 Section I Total 190 233,030,460,509.43
II. CURRENT ASSETS Inventories, including 210 68,563,932.07 raw materials, materials and other similar assets, namely: 211 0.00 fuel oil 21101 0.00 coal 21102 0.00 diesel fuel 21103 0.00 other process fuel 21104 0.00 spare parts 21105 0.00 other raw materials and materials 21107 0.00 livestock 212 0.00 work-in-progress costs (marketing costs) 213 0.00 finished products and goods for resale 214 0.00 goods dispatched 215 0.00 deferred expenses 216 68,563,932.07 other inventories and costs 217 0.00 Value added tax on assets purchased 220 255,032,359.18 Accounts receivable (amounts falling due within more than 12 months of the balance sheet date), including 230 4,844,730,282.61 buyers and customers, namely: 231 0.00 financed by the federal budget 23101 0.00 financed by the budgets of the constituent entities of the Russian Federation 23102 0.00 financed by local budgets 23103 0.00
215 other buyers and customers 23104 0.00 notes receivable 232 0.00 receivables from subsidiaries and dependent companies 233 0.00 advance payments made 234 0.00 other receivables 235 4,844,730,282.61 receivables under equity participation agreements 23501 0.00 rotes receivable 23502 4,844,730,282.61 other receivables 23503 0.00 Accounts receivable (amounts falling due within 12 months of the balance sheet date), including 240 7,821,434,274.84 buyers and customers, namely: 241 0.00 intra-group sale of electricity through FOREM 24101 0.00 electricity and heat selling dealers 24102 0.00 entities financed by the federal budget 24103 0.00 entities financed by the budgets of the Russian Federation 24104 0.00 entities financed by local budgets 24105 0.00 other electricity and heat consumers 24106 0.00 transmission fee payable 24107 61,484,686.45 other buyers and customers 24108 1,345,075.39 notes receivable 242 0.00 receivables from subsidiaries and dependent companies 243 0.00 receivables from participants with respect to authorized capital contributions 244 0.00 advance payments made to: 245 0.00 electricity and heat suppliers 24501 0.00 fuel suppliers 24502 0.00 materials suppliers 24503 0.00 construction entities 24504 0.00 maintenance entities 24505 0.00 service suppliers 24506 0.00 other advance payments made 24507 0.00 other receivables, including 246 7,758,604,513.00 penalties, fines, late charges receivable under agreements 24601 0.00 tax overpayments to the federal budget 24602 0.00 tax overpayments to the budgets of the constituent entities of the Russian 0.00 24603 Federation tax overpayments to local budgets 24604 0.00 overpayments to extra-budgetary funds 24605 0.00 payables to RAO UES of Russia for engineering services 24607 23,940,673.00 receivables from RAO UES of Russia for engineering services 24608 0.00 payables to RAO UES of Russia for design and engineering 24609 0.00
216 receivables from RAO UES of Russia for design and engineering 24610 0.00 other receivables 24611 1,488,507,840.00 settlements related to share purchase 24612 51,000.00 notes 24613 6,246,105,000.00 Short-term financial investments, including 250 79,603,762.63 loans extended for less than 12 months 251 79,603,762.63 other short-term financial investments 253 0.00 Cash, including 260 320,095,769.87 cash in hand 261 0.00 settlement accounts 262 320,095,769.87 foreign currency accounts 263 0.00 other cash, namely: 264 0.00 special bank accounts 26401 0.00 cash documents 26402 0.00 transfers in transit 26403 0.00 Other current assets, including 270 0.00 intercompany settlements related to current operations 27002 0.00 intercompany settlements related to construction 27003 0.00 intercompany settlements related to design and engineering 27004 0.00 intercompany settlements related to asset protection budget 27006 0.00 intercompany settlements related to VAT 27007 0.00 other current assets 27005 0.00 Section II Total 290 13,389,460,381.20 Balance (sum of lines 190+290) 300 246,419,920,890.63
III. CAPITAL AND RESERVES Authorized capital, including 410 43,116,903,368.00 preference shares 41001 2,075,149,384.00 ordinary shares 41002 41,041,753,984.00 Treasury shares 411 Incremental capital 420 0.00 Settlements with regard to segregated property 423 Reserve funds, including 430 0.00 statutory reserves 431 0.00 reserves formed in accordance with constitutive documents 432 0.00 Special-purpose financing 450 0.00 Undistributed profit of previous years 460 195,341,204,292.09 Uncovered loss of previous years 465 0.00 Undistributed profit of the reporting year 470 0.00 Uncovered loss of the reporting year 475 0.00
217 Section III Total 490 238,458,107,660.09 IV. LONG-TERM LIABILITIES Loans and advances, including 510 0.00 bank loans repayable within more than 12 months 511 0.00 other loans repayable within more than 12 months 512 Deferred tax liabilities 515 0.00 Other long-term liabilities, including 520 0.00 accounts payable to suppliers and contractors 52001 0.00 accounts payable to social funds, including 52002 0.00 Pension Fund of the Russian Federation 52003 0.00 Compulsory medical insurance fund 52004 0.00 Employment fund 52005 0.00 Social insurance fund 52006 0.00 penalties and fines payable to extra-budgetary funds 52007 0.00 accounts payable to the budget (restructured taxes), namely: 52008 0.00 federal budget 52009 0.00 budgets of the constituent entities of the Russian Federation 52010 0.00 local budgets 52011 0.00 profit tax payable (based on the transitional period base) to: 52020 0.00 federal budget 52021 0.00 budgets of the constituent entities of the Russian Federation 52022 0.00 local budgets 52023 0.00 Other long-term liabilities 52012 0.00 Section IV Total 590 0.00 V. SHORT-TERM LIABILITIES Loans and advances, including 610 0.00 bank loans repayable within 12 months 611 0.00 loans repayable within 12 months of the balance sheet date 612 0.00 Accounts payable, including 620 7,726,325,532.46 suppliers and contractors, namely: 621 0.00 suppliers of electricity through FOREM 62101 0.00 other electricity and heat suppliers 62102 0.00 gas suppliers 62103 0.00 fuel oil suppliers 62104 0.00 coal suppliers 62105 0.00 other fuel suppliers 62112 0.00 construction entities 62106 0.00 maintenance entities 62107 0.00
218 transmission fee payable to RAO UES of Russia 62108 0.00 payables to Rosenergoatom Concern 62110 0.00 payables to NPPs 62111 0.00 payables to other suppliers and contractors 62109 266.67 transmission fee payable to SO – CDA 62113 0.00 transmission fee payable to JSC FGC UES 62114 0.00 notes payable 622 0.00 payables to subsidiaries and dependent companies 623 0.00 payables to personnel, namely: 624 0.00 current payables 62401 0.00 past due payables 62402 0.00 debts to extra-budgetary public funds 623 0.00 tax payables 624 0.00 social insurance and benefits payable, including 625 0.00 Pension Fund of the Russian Federation 62501 0.00 0.00 Compulsory medical insurance fund 62502 0.00 Employment fund 62503 0.00 Social insurance fund 62504 0.00 penalties and fines payable to extra-budgetary funds 62505 0.00 0.00 626 taxes and dues payable 0.00 current accounts payable to the budget, including 62610 0.00 federal budget 62601 0.00 62602 0.00 budgets of the constituent entities of the Russian Federation 0.00 local budgets 62603 0.00 profit tax payable (based on the transitional period base) to: 62620 0.00 federal budget 62621 budgets of the constituent entities of the Russian Federation 62622 local budgets 62623 advance payments received from: 627 0.00 electricity consumers through FOREM 62701 0.00 other electricity and heat suppliers 62702 0.00 other advance payments received 62703 0.00 other accounts payable, including 628 7,726,325,265.79 VAT on unpaid products 62801 0.00 payables to R&D extra-budgetary fund 62802 0.00 payables to RAO UES of Russia for engineering services 62804 0.00 receivables from RAO UES of Russia for engineering services 62805 0.00 payables to RAO UES of Russia for design and engineering 62806 0.00 receivables from RAO UES of Russia for design and engineering 62807 0.00 other payables 62808 7,726,325,265.79 Payables to members (founders) with respect to their earnings 630 0.00 Deferred revenue 640 235,487,698.08
219 Reserve for future expense and payments 650 0.00 Other short-term liabilities, including 660 0.00 intercompany settlements related to current operations 66002 0.00 intercompany settlements related to construction 66003 0.00 intercompany settlements related to design and engineering 66004 0.00 intercompany settlements related to asset protection budget 66006 0.00 intercompany settlements related to VAT 66007 0.00 other short-term liabilities 66005 0.00 Section V Total 690 7,961,813,230.54 BALANCE (sum of lines 490+590+690) 700 246,419,920,890.63 Fixed assets leased 910 0.00 including leasing 911 0.00 Inventories accepted for custody 920 0.00 Materials accepted for processing 925 0.00 Goods accepted for commission 930 0.00 Equipment accepted for installation 935 0.00 Registered high-security forms 990 0.00 Bad debt write-off 940 0.00 Collateral securing obligations and payments received 950 0.00 Collateral securing obligations and payments provided 960 0.00 Fixed property depreciation 970 0.00 Depreciation of land improvement facilities and other similar assets 980 66.034.71 Fixed assets leased out 992 0.00 Federally-owned property 993 0.00 Intangible assets granted for use 995 0.00
A. I. Kazakov signature Director General print full name
S. V. Makshakov Chief Accountant signature print full name
July 1, 2008
8 pages numbered and stitched (signature)
220 Appendix 3. Information Concerning the Accounting Policy of the Issuer for 2008
JSC INTERREGIONAL DISTRIBUTION GRID COMPANIES HOLDING
ORDER
September 5, 2008 No. 44
Accounting Policy of JSC IDGC Holding for 2008
Relying on paragraph 3 of Article 5 of Federal Law No. 129-FZ "On Accounting" dated November 21, 1996; paragraph 3.3 of Guidelines for the Preparation and Submission of Consolidated Accounting Statements, approved by Decree of the Ministry of Finance of the Russian Federation No. 112 dated December 30, 1996, and the Tax Code of the Russian Federation, I HEREBY ORDER THAT: 1. The Regulations for the Accounting Policy of JSC IDGC Holding for 2008 and the standard chart of accounts of JSC IDGC Holding as specified in appendices 1 and 2 be approved. 2. The workflow schedule for the business and tax accounting purposes of JSC IDGC Holding as specified in appendix 3 be approved. 3. The Department for Business and Tax Accounting ensure the application of the principal elements of accounting policy. 4. This order shall come into force on July 1, 2008. 5. Enforcement of this order shall be entrusted to Chief Accountant heading the Department for Business and Tax Accounting.
Director General A. I. Kazakov
221
Appendix 1 to Order of JSC IDGC Holding No. 44 of September 5, 2008
Regulations for the Accounting Policy of JSC IDGC Holding for 2008 1. General Provisions
JSC IDGC Holding (hereinafter the "Company") shall organize and maintain accounting records, prepare financial statements in accordance with Federal Law No. 129-FZ "On Accounting" dated November 21, 1996, and other regulatory documents in the field of accounting. Business and tax accounting records shall be maintained by the Department for Business and Tax Accounting.
2. Working Chart of Accounts, Workflow Rules, Technology for the Processing of Accounting Information and Preparation of Statements
2.1. The accounting policy documents of the Company shall include these regulations, working chart of accounts and workflow schedule (rules). 2.2. Working chart of accounts shall be used for maintaining accounting records. The working chart of accounts of the Company shall be prepared in accordance with the Chart of Accounts approved by Decree of the Ministry of Finance of the Russian Federation No. 94n dated October 31, 2000, and adjusted for the functionality of the software used by the Company for maintaining accounting records. 2.3. The ledgers of the Company shall be prepared in a format supported by the software on the base of which the Company maintains its accounting records. 2.4. The workflow rules of the Company shall be governed by the workflow schedule for the purposes of maintaining accounting and tax records and preparing statements. The workflow schedule shall specify the time limits, procedure and scope for the submission of source accounting or other documents to the Department for Business and Tax Accounting by the functions of the Company. The time limits and scope for the submission of the financial and tax statements of the Company to the duly authorized supervisory government bodies shall not be established by the workflow schedule and shall be governed by the applicable law. 2.5. To document business facts the Company shall use the standard forms of source accounting documents established by the State Committee of the Russian Federation on Statistics, the Ministry of Finance of the Russian Federation and any other
222 duly authorized executive bodies. Documents to which standard forms are not applicable shall be developed by the Company internally and approved by the Order of the Company's chief executive. 2.6. The principal rules of maintaining accounting records and documenting business operations shall comply with the Regulations for Accounting and Reporting in the Russian Federation adjusted for certain industry characteristics adopted and reflected in this document and other directive documents of the Company. 2.7. The annual financial statements of the Company shall be considered and approved by the General Meeting of Shareholders and submitted within the time limits and at the addresses specified in Article 15 of Federal Law No. 129-FZ "On Accounting" dated November 21, 1996. 2.8. The annual financial statements of the Company shall be published not later than June 1 of the year following the reporting year. 2.9. The content of accounting and tax ledgers, internal financial accounting forms shall be secrecy in business. The individuals granted access to the information contained in these documents shall be obliged to preserve the confidentiality of commercial transactions. They shall be liable for the disclosure thereof as specified in the internal orders of the Company and the laws of the Russian Federation. 2.10. The right to sign source accounting documents shall be held by the Management of the Company in accordance with the directive documents of the Company (orders and powers of attorney), which shall be agreed with Chief Accountant, heading the Department for Business and Tax Accounting. 2.11. Documents on business transactions involving cash flow (through bank accounts or pay office of the entity) shall be signed by the Director General of the Company and Chief Accountant, heading the Department for Business and Tax Accounting, as well as the individuals duly authorized by them under powers of attorney. 2.12. The accounting records for property, liabilities and business transactions shall be maintained in rubles and kopecks. 2.13. Initial financial statements of the Company shall be prepared based on the Separation Balance Sheet of RAO UES of Russia as of March 31, 2007, approved at the Extraordinary General Meeting of RAO UES of Russia on October 26, 2007 (including the Rules for the Allocation of Property, Rights and Obligations During the Reorganization of RAO UES of Russia Through a Spin-off and a Spin-off Accompanied by Takeover).
3. Procedure for Taking Inventory of Property and Liabilities
3.1. An inventory of property and liabilities shall be taken in accordance with Article 12 of amended Federal Law No. 129-FZ "On Accounting" dated November 21, 1996, and the Guidelines for Taking Inventory of Property and Financial Liabilities
223 approved by Decree of the Ministry of Finance of the Russian Federation No. 49 dated June 13, 1995.
4. Fixed Asset Accounting
4.1. Fixed asset accounting records shall be maintained in accordance with amended AR (Accounting Regulations) 6/01 approved by Decree of the Ministry of Finance of the Russian Federation No. 26n, dated March 30, 2001. 4.2. Assets fulfilling the terms and conditions set forth in paragraph 4 of the Accounting Regulations "Fixed Asset Accounting" of AR 6/01 valued at not more than 20,000 rubles per unit shall be recognized in accounting records and financial statements as inventory. 4.3. Fixed assets shall be depreciated using the straight-line method based on the useful life of these assets. Depreciation shall be accumulated in accordance with Resolution of the Government of the Russian Federation No. 1, dated January 1, 2002, "On Classification of Fixed Assets Included in Depreciation Groups". 4.4. Under Order of the Director General, the Company may revalue the groups of homogenous fixed assets at their current (net book) value through direct recalculation at documented market prices based on expert judgment on the current (net book) value of fixed assets. 4.5. Fixed assets the rights to which are subject to state registration in accordance with the laws of the Russian Federation and for which capital investments are completed, the appropriate source accounting documents of delivery are executed, documents are submitted for state registration and which are actually in operation shall be recorded in the accounting books as fixed assets in a separate subaccount of fixed assets account. Depreciation shall be accumulated on such assets on a standard basis as from the first day of the month following the month in which the asset is commissioned. 4.6. Operations related to a write-off of the Company’s fixed assets shall be executed by appropriate statements using unified forms specified in laws without preparing a fixed asset write-off order. The operations for the delivery of fixed assets shall involve the preparation of property acceptance certificate as a retirement document using the form provided in Appendix 4 hereto, containing all details of the unified forms prepared in the delivery of fixed assets specified in laws.
5. Intangible Asset Accounting
224 5.1. Intangible asset accounting records shall be maintained in accordance with AR 14/2007 approved by Decree of the Ministry of Finance of the Russian Federation No. 153n dated December 27, 2007. 5.2. Intangible assets shall be depreciated using the straight-line method based on the useful life of intangible assets. The useful life shall be determined by the commission of the Company to be approved by order of the Director General of the Company. 5.3. Depreciation shall not be accumulated on intangible assets with an indefinite useful life. After inventory-taking, the Company on an annual basis shall search for factors preventing reliable determination of the useful life of these assets. If these factors disappear, the Company shall determine the useful life of these intangible assets. 5.4. On an annual basis, the entity shall check whether the useful life of an intangible asset needs to be revised. In the event of significant changes in the duration of use and expected timing of future economic benefits from using an intangible asset, useful life shall be approved by the commission of the Company established by order of the Director General of the Company. 5.5. Intangible asset depreciation shall be recognized in the accounting books through the accumulation of the amounts concerned in balance sheet account 05 "Intangible Asset Depreciation". 5.6. Under Order of the Director General, the Company may revalue the groups of homogenous intangible assets at their current market value determined exclusively based on data from the active market for these intangible assets. Revaluation shall be performed through the recalculation of their residual value based on expert judgment on the current (net book) value of fixed assets.
6. Accounting for Financial Investments
6.1. Financial investment accounting records shall be maintained in accordance with amended AR (Accounting Regulations) 19/02 approved by Decree of the Ministry of Finance of the Russian Federation No. 126n, dated December 10, 2002. 6.2. The analytical accounting records of financial investments shall be broken down by type of financial investment and facility in which these investments are made (securities issuing entities, other entities in which the organization participates, borrowing entities, etc). 6.3. A unit of financial investment accounting depending on the characteristics, acquisition and application procedure shall be state registration code, a series or other homogenous set of financial investments. 6.4. In the disposal of financial investments whose market value is undeterminable, the original value of each unit of financial investment accounting shall 225 apply to promissory notes and the original value of financial investments purchased first (FIFO method) shall apply to shares and bonds. 6.5. For subsequent valuation purposes, financial investments shall be divided into two groups: financial investments whose current market value can be determined in accordance with the procedure specified in these Regulations and financial investments whose current market value can not be determined. The value of financial investments whose current market value can be determined in accordance with the approved procedure shall be adjusted on an annual basis as of the accounting year-end. Current market value shall apply to the valuation of debt securities. 6.6. Contributions to the authorized (share) capitals of other entities shall be recognized as financial investments of the organization and recorded in the accounting books as the equivalent of actual costs incurred by the investor, i.e. at the value of contributed assets at which they are recorded in the balance sheet of the investor. 6.7. The Company shall establish a reserve against the depreciation of financial investments in the event of sustainable significant reduction in their value. Reserve shall be formed as of the final date of the reporting year in accordance with the procedure provided for by AR (Accounting Regulations) 19/02 and in conformity with the calculation provided by the function of the Company accountable for calculation. 6.8. Interest (coupon yield, discount) on securities shall be accrued for each of previous reporting years in accordance with the terms and conditions of the agreement and shall be recorded as other income (expense). 6.9. The discount value of extended loans shall not be calculated by the Company. 6.10. All costs directly associated with the acquisition of assets as financial investments irrespective of their amount shall be included in the original value of financial investments. 6.11. The value of shares in newly established entities in the reorganization through a spin-off or demerger received by JSC IDGC Holding shall be determined in the accounting records in accordance with the procedure for tax accounting set forth in paragraph 17.4.6.
7. Inventory Accounting
7.1. Inventory accounting records shall be maintained in accordance with amended AR (Accounting Regulations) 5/01 approved by Decree of the Ministry of Finance of the Russian Federation No. 44n, dated June 9, 2001. 7.2. Inventory launched into production, used for repair operations, capital construction or disposed of in any other manner shall be valued at the production cost of
226 each unit. The production cost of each unit shall include all expenses in connection with the acquisition of inventories. 7.3. Goods purchased shall be recorded in account 41 "Goods" at purchase prices. 7.4. The analytical accounting records of materials shall be maintained using cash method of accounting. Contractual prices shall be used as book prices. 7.5. Stock number shall be a unit of inventories. 7.6. Operations related to the procurement and acquisition of material resources shall be recognized in the accounting records without using account 15 "Procurement and Acquisition of Materials" and account 16 "Materials Cost Deviation". 7.7. Transportation and procurement expenses shall be included in the actual production cost of material. 7.8. Fittings, tools, fixtures with a useful life of less than one year shall be recognized as inventory in account 10 "Materials". 7.9. Fixed assets valued at not more than 20,000 rubles per unit shall unit shall be recognized as inventory in a separate subaccount of account 10 "Materials".
8. Deferred Expense Accounting
8.1. Expenses paid in this reporting period yet used by the Company in its activity during a certain period shall include the following expenses: • payments in connection with voluntary and mandatory property and employee insurance; • costs in connection with the acquisition of copies of computer software; • expenses in connection with the acquisition of licenses to perform certain activities; • expenses in connection with the leaves of future reporting periods; • other expenses related to future reporting periods. 8.2. Deferred expenses shall be written off evenly during the period to which they relate. The duration of such period shall be determined as of the date on which deferred expenses are recorded in the accounting books. 8.3. The life of deferred expenses whose useful life is not determined shall be established by the commission. 8.4. Reserves for the future payment of employee vacation allowance, annual long-service award, year-end bonuses, repair and other reserves for covering any other contingencies shall not be established.
9. Accounting for Settlements, Other Assets and Liabilities
9.1. Accounts receivable shall be determined based on the prices established by agreements.
227 Accounts receivable shall be recognized as short-term unless their maturity exceeds 12 months from the reporting date. The remaining accounts receivable shall be recognized as long-term. The above-mentioned period shall be calculated from the first day of the calendar month following the month in which the asset is recorded in the accounting books. 9.2. Bad debt reserve shall be established once a year under a directive document after the annual inventory-taking prior to the preparation of the annual statements of the Company. The amount of reserve shall be determined on a-case-by-case basis based on the objective information about the solvency of the debtor. 9.3. Other assets of the Company shall be valued at the actual costs as of the date on which they are recorded in the accounting books. 9.4. Accounts payable for obtained loans and advances shall be recorded and recognized in the accounting books inclusive of interest payable at the end of the reporting period. Accounts payable to suppliers and other creditors shall be recorded and recognized in the accounting books based on the amount of accepted invoices and accrued liabilities. 9.5. Additional expenses directly related to the obtainment of loans and advances, placement of borrowings shall be included in costs in the reporting period in which they are paid. 9.6. The accrual of payable expenses (interest, discount) on borrower's liabilities shall be recognized in the reporting periods to which these accruals relate under the existing agreements. 9.7. The accounting records of operations related to the issuance of bonds shall be maintained in account 67 "Settlements for Long-Term Loans and Advances". 9.8 Debts owed by the entity to its lenders secured by own promissory notes issued shall be recorded in account 66 "Settlements for Short-Term Loans and Advances" (short-term) and in account 67 "Settlements for Long-Term Loans and Advances" (long-term). 9.9. Long-term accounts payable for obtained loans and advances shall not be transformed into short-term accounts even if in accordance with the terms and conditions of the loan and/or credit agreement 365 days are left before the repayment of the principal amount. 9.10. In the event of issuance of a promissory note to obtain a cash loan and payment for goods, work and services, the amount of interest or discount payable to the promisee shall be included by the promisor in other expense evenly (on a monthly basis) using account 97 "Deferred expenses". 9.11. The consolidated (grouped) amount of deferred tax assets and deferred tax liability shall be recorded in the financial statements.
228 10. Financial Performance Accounting
10.1. Income from ordinary activities shall be revenue from income from participation in other entities. 10.2. Direct expenses directly associated with the performance of work and provision of services by the Company shall be recorded in account 20 "Core Operations". These expenses shall be fully charged to the cost of products and services sold in the reporting period and recognized in account "Core Operations". The list of direct expenses is provided in paragraph 17.4.2 of these regulations. 10.4. General and administrative expenses shall be recorded by the Company in account 26 "General Expenses". These expenses shall be recognized in account 90 "Production Cost: General Expenses". 10.5. Expenses in connection with the repair of fixed assets shall be included in the production cost as repair proceeds. 10.6. Income and expense shall be recognized in the accounting books based on the accrual principle assumption, suggesting the recognition in the accounting books of the Company's business facts in the reporting period in which they occur irrespective of the actual time of receipt or payment of funds related to these facts. 10.7. Income and expense forming the financial performance and denominated in foreign currency shall be recalculated into rubles at the exchange rate of the Central bank of the Russian Federation on the transaction date. 10.8. The value of currency notes in pay office and cash in accounts with lending institutions denominated in foreign currency shall be recalculated on the transaction date and the date of preparation of financial statements.
11. Accounting for Research, Development and Engineering Expenses
11.1. The accounting records of Research, development and engineering expenses shall be maintained in accordance with amended AR (Accounting Regulations) 17/02 approved by Decree of the Ministry of Finance of the Russian Federation No. 115n dated November 19, 2002. 11.2. Analytical accounting records shall be maintained for each inventory: any research, development or engineering operation performed show results are independently used for production purposes. 11.3. Expenses in connection with each R&D shall be written off using the straight-line method during the period established by the Company. 11.4. The depreciable life of expenses in connection with successful R&D shall be determined by the commission of the Company based on the expected useful life of R&D during which the Company shall gain economic benefits (income), yet not more than five years.
229 12. Information About Participation in Joint Operations
12.1. The accounting records of business transactions in the event of joint operations, joint use of assets and joint activities shall be maintained in accordance with amended AR (Accounting Regulations) 20/03 approved by Decree of the Ministry of Finance of the Russian Federation No. 105n of November 24, 2003.
13. Segment Information
13.1. In accordance with amended AR 12/2000 approved by Decree of the Ministry of Finance of the Russian Federation No. 11n dated January 27, 2000, the Company shall view its activities as a single operational and geographic segment.
14. Post Balance Sheet Events
14.1. In accordance with amended AR 7/98 approved by Decree of the Ministry of Finance of the Russian Federation No. 56n dated November 25, 1998, the Company shall record in the financial statements any post balance sheet events which have or may have an impact on the financial standing, cash flow or performance of the entity and take place between the reporting date and the date on which the financial statements for the reporting period are signed. 14.2. Post balance sheet events shall be reported in the financial statements through the revision of data on respective assets, liabilities, capital, income and expense of the Entity accompanied by the disclosure of respective information in the explanatory note.
14.3. For the monetary evaluation of the implications of a post balance sheet event the respective calculation shall be made and the confirmation of such calculation shall be ensured. The calculation shall be made by the Department (function) to which the event relates in accordance with the functions performed.
15. Contingent Business Facts
15.1. In accordance with amended AR 8/01 approved by Decree of the Ministry of Finance of the Russian Federation No. 96n dated November 28, 2001, the financial statements of the Company shall contain contingent business facts whose implications and likelihood are uncertain.
230 15.2. Contingent liabilities (losses) shall be recognized through the accrual of reserve in the synthetic and analytical accounting records as closing turnover of the reporting period prior to the approval of the annual accounting report. Contingent assets shall not be recognized in the accounting books and the relevant information shall be disclosed in the explanatory note. Information about contingent facts shall be disclosed in the statements based on the calculation prepared by the Department (function) to which the event relates in accordance with the functions performed.
16. Information About Related Parties
16.1. In accordance with AR 11/2008 approved by Decree of the Ministry of Finance of the Russian Federation No. 48n, dated April 29, 2008, the Company shall include information concerning related parties in a separate section of the explanatory note made part of the financial statements.
17. Tax Accounting
17.1. Organization of Tax Accounting
17.1.1. The Company shall calculate and pay taxes and dues in accordance with the laws of the Russian Federation on taxes and dues and the laws of the constituent entities of the Russian Federation on taxes and dues. 17.1.2. Tax report preparation procedure, tax ledger forms and maintenance procedure, tax base formation procedure, the calculation and payment of taxes and dues shall be governed by these Regulations for the Accounting Policy as well the internal documents of JSC IDGC Holding on the procedure for the calculation and payment of individual taxes and dues. Tax ledgers may be maintained as special forms (hard copies), in electronic format and/or using any machine-readable media. 17.1.3 The tax portion of the accounting policy of JSC IDGC Holding shall be amended in the event of changes in the accounting procedure for certain business operations and/or assets for tax purposes in the event of changes in laws or applicable accounting methods or if JSC IDGC Holding launches new activities. 17.1.4. An inventory of liabilities related to settlements for taxes and dues shall be taken and debt reconciliation with tax authorities shall be performed on a quarterly basis.
231 17.2. Liability for Maintaining Tax Accounting Records and Preparing Tax Reports
17.2.1. Liability for the correct calculation of taxes and dues shall be borne by the Chief Accountant of the Company, heading the Department for Business and Tax Accounting. 17.2.2. To ensure correct and complete formation of tax bases for all taxes and dues, the functions of the Company shall submit the necessary information within the time limits established by the workflow schedule in the forms and scope approved by certain internal directive documents.
17.3. Budget Settlements
17.3.1. The accounting records of settlements for taxes and dues shall be maintained in accounts on an accrual basis for each particular tax and due by budget level (federal, budget of the constituent entity of the Russian Federation, local budget) and type of debt (principal amount of tax or levy in arrears, penalties, fines).
17.4. Income Tax Accounting
The Company shall apply a unified organization system, methods and forms of tax accounting for income tax purposes under Chapter 25 of the Tax Code of the Russian Federation and this accounting policy for tax purposes. The Company shall calculate its tax base for each reporting (tax) period based on tax reporting data if Chapter 25 of the Tax Code of the Russian Federation specifies any procedure for grouping and recording assets and business transactions for tax purposes other than the procedure for grouping and recording in the accounting records. The Company shall permit the revision and expansion of principles, procedure and forms of tax accounting set forth in this accounting policy for tax purposes during the tax period through the inclusion of additional analytical data, registers and principles of generalization of information, which is expected to contribute to more correct disclosure of the tax base formation. Source documents for tax accounting purposes shall be source financial accounting documents transformed into tax ledgers based on which the tax base is calculated.
232
17.4.1. Fixed Assets and Intangible Assets
Depreciable property shall be any property whose useful life is more than 12 months and original value exceeds 20,000 rubles. For tax purposes it shall be ensured that accounting for costs included in the original value of depreciable assets in the business and tax accounting records and costs not involved in forming the original value of depreciable property is maintained separately in accordance with tax accounting rules with respect to: • interest on borrowings (to be included in non-operating expenses); • payments for the registration of rights to immovable property and land, transactions involving the above-mentioned assets, payments for the provision of information about registered rights, payment for the services of duly authorized bodies and specialized organizations related to the appraisal of property, preparation of real property cadastral and technical accounting (inventory-taking) documents (to be included in other production and sale-related expenses); • exchanges rate and sum differences.
The useful life of fixed assets shall be determined on a separate basis as of the date of commissioning of this asset in accordance with the classification of fixed assets established by Resolution of the Government of the Russian Federation No. 1 "On the Classification of Fixed Assets Included in Depreciation Groups" dated January 1, 2002, as amended by Resolution of the Government of the Russian Federation No. 697 "On Amendment of the Classification of Fixed Assets Included in Depreciation Groups" dated November 18, 2006. For any types of fixed assets not specified in depreciation groups in accordance with Resolution of the Government of the Russian Federation No. 1 "On the Classification of Fixed Assets Included in Depreciation Groups" dated January 1, 2002, the useful life shall be established in accordance with the specifications or recommendations of producers. The useful life of any previously used fixed assets acquired shall be reduced by the number of years (months) of operation of this property by its previous owners. If the actual useful life of acquired fixed assets when operated by their previous owners equals or exceeds its useful life determined by the classification of fixed assets approved by the Government of the Russian Federation, the useful life shall be determined on a separate basis based on safety requirements and other factors.
233 If as of disposal of a fixed asset the asset's actual useful life exceeds its depreciable life, the loss on disposal of such fixed assets shall be included in other expenses on a non-recurrent basis immediately after disposal of such asset. The straight-line method of depreciation shall apply to all fixed assets based on the norms calculated relying on useful lives in accordance with Article 259 of the Tax Code of the Russian Federation and Resolution of the Government of the Russian Federation No. 1 "On the Classification of Fixed Assets Included in Depreciation Groups" dated January 1, 2002. A special ratio (3) shall apply to the basic depreciation rate for depreciable fixed assets which are subject matter of a financial lease agreement. The basic depreciation rate applicable to automobiles (including leased ones) whose original value is more than 600,000 rubles shall use a special ratio of 0.5. Depreciable assets shall also include capital investments in leased fixed assets in the form of non-removable improvements made by the lessee with the consent of the lessor. Capital investments in the leased fixed assets specified in paragraph one of sub- article 1 of Article 256 of Chapter 25 of the Tax Code of the Russian Federation shall be depreciated in accordance with the following procedure: capital investments the value of which is paid to the lessee by the lessor shall be depreciated by the lessor in accordance with the procedure set forth in Article 25 of the Tax Code of the Russian Federation; capital investments made by the lessee with the consent of the lessor the value of which is not paid by the lessor shall be depreciated by the lessee during the effective period of the lease agreement based on depreciation amounts calculated with due account for the useful life determined for leased assets in accordance with the Classification of Fixed Assets approved by the Government of the Russian Federation. If after the rehabilitation, upgrading or re-equipment of any fixed asset its useful life is increased, the useful life shall increase under the directive documents of the Company within the time limits established for the group in which such fixed asset is included earlier. The useful life of intangible assets shall be determined based on the term of a patent, certificate or other limitations on the useful life of intellectual property in accordance with the laws of the Russian Federation or the applicable laws of a foreign country and based on the useful life of the intangible assets specified in the relevant agreements. The depreciation rate for intangible assets whose useful life can not be determined shall be ten years (yet shall not exceed the taxpayer's period of operation). The straight-line method of depreciation shall apply to all intangible assets.
234 17.4.2. Tax Accounting for Production and Sale-Related Expenses
Production-related expenses shall be divided into direct and indirect. Direct expenses shall include: • financial expenses provided for by paragraphs 1 and 4 of Article 254 of the Tax Code of the Russian Federation and recorded in accordance with the working chart of accounts of JSC IDGC Holding in account 20 "Core Operations"; • Expenses in connection with the compensation of the personnel involved in the process of production of goods, performance of work, provision of services and the amount of unified social tax and mandatory industrial accident and occupational illness insurance contribution charged to the above-mentioned amounts of compensation expenses and recorded in accordance with the working chart of accounts of JSC IDGC Holding in account 20 "Core Operations" recorded in accordance with the working chart of accounts of JSC IDGC Holding in account 20 "Core Operations"; • depreciation of fixed assets used in the production of goods (work, services) and recorded in accordance with the working chart of accounts of JSC IDGC Holding in account 20 "Core Operations"; • travel expenses recorded in accordance with the working chart of accounts of JSC IDGC Holding in account 20 "Core Operations". The Company shall include in the expenses of the reporting (tax) period any expenses associated with capital investments amounting to not more than 10 percent of the original value of fixed assets (with the exception of fixed assets received free of charge) and/or any expenses incurred in the event of completion, retrofit, rehabilitation, upgrading, re-equipment, partial liquidation of fixed assets the amounts of which are determined in accordance with Article 257 of this Code. The valuation method based on the value of inventory unit shall apply to the determination of financial expenses associated with the write-off of all types of inventories used in the production of goods, performance of work, provision of services. The date of payment of the above-mentioned expenses shall be the date of their launch into production. The value of inventories in the form of surpluses identified during the inventory- taking and/or property received as a result of the dismantling or demolition of decommissioned fixed assets shall be determined as the amount of tax imposed on income in the form of value of materials or other property in the dismantling or demolition during the liquidation of decommissioned fixed assets, in the form of the value of surpluses of inventories and other property identified as a result of inventory- taking.
Compensation expenses shall be considered for tax purposes, with the exception of contributions under mandatory and voluntary insurance contracts executed in favor of 235 employees based on financial accounting data. The amount of the above-mentioned contributions accepted for tax purposes shall be calculated in tax ledgers. The reserve for future expenses in connection with the payment of employee vacation allowance, annual long-service award and year-end bonuses shall not be established. All expenses associated with the production and sale not included in direct expenses shall be deemed indirect, with the exception of expenses recognized as non-operating in accordance with Article 265 of the Tax Code of the Russian Federation. Indirect expenses shall include expenses in connection with the repair of fixed assets, expenses in connection with voluntary and mandatory property insurance and other expenses as specified in the Tax Code of the Russian Federation. Expenses in connection with the repair of fixed assets shall be recognized for tax purposes in the actual costs for the reporting (tax) period in which they are paid. Expenses in connection with the repair of fixed assets shall be recorded based on data recognized in the accounting records. Direct expenses shall be fully charged in the current month to services rendered. In the event of sale or any other disposal of securities the expensed value of securities sold shall be determined based on the production cost per unit. When income is received during several reporting (tax) periods and connection between income and expense may not be determined with certainty or is determined indirectly, expense allocation shall be adjusted for the principle of even recognition of income and expense. Expense related not only to the reporting period income but also to future income (expense in connection with the acquisition of rights to use computer software and databases, etc) shall be allocated between the reporting and future periods. Such allocation shall typically be made in accordance with the procedure applicable to financial accounting purposes.
17.4.3. Tax Accounting for Income and Expense from Sales
Income from the sale of goods (work, services) shall be recognized by type of activity. Income from the sale of goods (work, services) shall be recognized as of the day of transfer of the product ownership right to buyers, the results of work performed or fee-based provision of services to customers determined in accordance with the terms and conditions of the existing agreements. For tax purposes, income from the sale of fixed assets and other property (with the exception of securities) shall be recognized based on financial accounting data net of the amounts of tax imposed on buyers and sum differences.
236 Regular income from property lease recognized in the accounting records and financial statements as sales revenue in line 010 of the Income Statement shall be recognized for tax purposes as income from sale. Expense related to the lease of the property concerned shall be recognized for tax purposes as production and sale- related expenses. Property lease income shall be recognized in the tax accounting records as amounts payable for the reporting (tax) period in accordance with the terms and conditions of the existing agreements adjusted for the principle of even and proportionate formation of income and expense. The above-mentioned income shall be recognized in the tax accounting records as of the day of their recording in the accounting books, yet not later than the last date of the month to which they relate. Expense in the form of rental (lease) payments for rented (leased) property any other similar expense shall be recognized in tax accounting records as of the date of execution of the certificates of acceptance of rendered services and, unless the agreement provides for the preparation of the above-mentioned certificates, as of the date of issued invoices with due consideration of the principle of even and proportionate formation of income and expense.
17.4.4. Tax Accounting for Non-Operating Income and Expense
For tax purposes, consideration shall be given to exchange rate differences calculated in accordance with accounting rules and recognized in ledgers adjusted for the provisions of paragraph 11 of Article 250 and paragraph 5 of Article 265 of the Tax Code of the Russian Federation. Income and expense from the purchase and sale of foreign currency shall be considered for tax purposes based on financial accounting data. For tax purposes, bad debt reserve shall be established at the end of the reporting (tax) period in accordance with paragraph 4 of Article 266 of the Tax Code of the Russian Federation. For tax purposes, expense in the form of interest under loan and other similar agreements (including interest and sum differences with respect to commitments expressed in conventional units at the exchange rate of conventional monetary units agreed upon by and between the parties) shall be considered within the refinancing rate of the Central Bank of the Russian Federation increased 1.1-fold in the execution of debt obligation in rubles and amounting to 15 percent for debt obligations in foreign currency.
17.4.5. Income Tax Calculation Procedure
237
The Company shall calculate and make quarterly advance payments and make monthly advance payments of one-third of the actual payment for the actually generated profit for the quarter preceding the quarter in which advance payments are made in accordance with the procedure set forth in Articles 286 and 287 of the Tax Code of the Russian Federation.
17.4.6. Procedure for Determining the Value of Shares Received During the Reorganization Through a Spin-off
The value of shares received as a result of reorganization of RAO UES of Russia shall be determined based on data from tax accounting records of reorganized RAO UES of Russia. The value of shares in newly established entities in the reorganization through a spin-off or demerger received by JSC IDGC Holding shall be determined in accordance with the procedure specified in Article 277 of the Tax Code of the Russian Federation.
17.5. Value Added Tax
Tax base shall be determined as of the earliest of the following dates: 1) day of shipment (transfer) of goods (work, services), property rights; 2) day of payment, partial payment for the future delivery of goods (performance of work, provision of services), transfer of property rights. For the assignment by the new creditor which received a monetary claim and the transfer of property rights or the acquisition of a monetary claim it shall be the day of assignment of the claim, termination of the respective obligation or the day of fulfillment of the obligation by the debtor; in the event of transfer of rights related to the agreement execution right and lease rights it shall be the day of transfer of such rights.
17.5.1. Maintenance of Separate Accounting for Production and Sales Costs
In accordance with separate regulations approved by the chief executive of the Company, the Company shall ensure separate maintenance of costs in connection with the production and sale of: • taxable and non-taxable (tax-exempt) goods (work, services); • goods (work, services) to which various tax rates are applicable by operation of law;
238
The amounts of VAT on purchased goods (work, services) used only for the production and/or sale of VAT-exempt goods (work, services) shall be recognized as the cost of such purchased goods (work, services). The amounts of tax declared by the sellers of goods (work, services) used both for the production and/or sale of taxable goods (work, services) and non-taxable goods (work, services) shall be accepted for deduction or recognized as cost in proportion to the (VAT-exclusive) cost of taxable and non-taxable goods (work, services) sold respectively as a percentage of total cost of goods (work, services) sold based on data for the current tax period. The amounts of tax declared by the sellers of goods (work, services) used for the production and/or sale of VAT-exempt goods (work, services) shall be recorded in separate subaccounts of account 19 "Input VAT". The amount of VAT on goods (work, services) used for the production and/or sale of both VAT-exempt and non-taxable goods (work, services) corresponding to the per- unit weight of cost (VAT-exclusive) of VAT-exempt goods (work, services) sold shall not be accepted for deduction, but be recognized as the cost of purchased goods (work, services).
17.5.2. Procedure for the Preparation and Execution of Invoices, Purchase Ledger, Sales Ledger
Invoices issued to buyers and received from suppliers, purchase ledgers and sales ledgers shall be stored in the Company's place of business. Invoices prepared by the Company shall be numbered in ascending order. The numbers of invoices issued to buyers and recorded in the accounting books shall be a combination consisting of the following segments separated from each other by a hyphen: • current year of preparation of an invoice; • current month of preparation of an invoice; • current date of preparation of an invoice; • unique number automatically assigned by a software system.
17.6. Property Tax
Tax accounting for the calculation of property tax shall be maintained under Chapter 30 of the Tax Code "Corporate Property Tax" and the law of the constituent entity of the Russian Federation which specifies the tax rate, the period of tax payment, the form of reporting and may contain additional tax credits and grounds for using them.
239 The Company shall form the tax base and file property tax returns at the location of the entity and the real property located outside the entity based on data concerning the movable and immovable property recorded on the balance sheet as fixed assets. For the purposes of correct application of tax credits, the separate accounting records of property for which credits are allowed shall be maintained in accordance with the applicable property tax laws.
17.7. Unified Social Tax (UST)
The calculation of UST and tax accounting in respect of paid income and the unified social tax shall be performed by the Department for Business and Tax Accounting of JSC IDGC Holding. JSC IDGC Holding shall calculate and pay UST and file tax reports with tax authorities.
17.8. Other Taxes
Individual income tax, transport tax and other taxes and dues shall be calculated and paid in accordance with the laws on taxes and dues governing the procedure for the calculation and payment of the taxes and dues concerned.
18. Amendment of Accounting Policy
18.1. The accounting policy of the Company may be amended in the event of amendment of the Russian Federation laws or business and tax accounting regulations. 18.2. The amendment of the accounting policy shall be justified and supported by the appropriate organizational and directive documents (order) of the Company.
240
Appendix 2 to Order of JSC IDGC Holding No. 44 of September 5, 2008
Working Chart of Accounts of JSC IDGC Holding
241
Contents:
Fixed assets ...... Ошибка! Закладка не определена. Depreciation of fixed assets ...... Ошибка! Закладка не определена. Income-bearing investments in tangible assets ...... Ошибка! Закладка не определена. Intangible assets ...... Ошибка! Закладка не определена. Depreciation of intangible assets ...... Ошибка! Закладка не определена. Investments in non-current assets ...... Ошибка! Закладка не определена. Deferred tax assets ...... Ошибка! Закладка не определена. Materials ...... Ошибка! Закладка не определена. Livestock...... Ошибка! Закладка не определена. Reserve against the depreciation of tangible assets ...... Ошибка! Закладка не определена. VAT on assets, work, services purchased ...... Ошибка! Закладка не определена. Core operations...... Ошибка! Закладка не определена. General expenses ...... Ошибка! Закладка не определена. Goods ...... Ошибка! Закладка не определена. Finished products ...... Ошибка! Закладка не определена. Selling expenses ...... Ошибка! Закладка не определена. Goods dispatched ...... Ошибка! Закладка не определена. Completed stages of work-in-progress ...... Ошибка! Закладка не определена. Cash ...... Ошибка! Закладка не определена. Settlement accounts ...... Ошибка! Закладка не определена. Foreign currency accounts ...... Ошибка! Закладка не определена. Special bank accounts ...... Ошибка! Закладка не определена. Transfers in transit ...... Ошибка! Закладка не определена. Financial investments ...... Ошибка! Закладка не определена. Reserve against the depreciation of financial investments ... Ошибка! Закладка не определена. Accounts payable to suppliers and contractors ...... Ошибка! Закладка не определена. Accounts payable to buyers and customers ...... Ошибка! Закладка не определена. Bad debt reserves ...... Ошибка! Закладка не определена. Short-term loans and advances payable ...... Ошибка! Закладка не определена. Long-term loans and advances payable...... Ошибка! Закладка не определена. Taxes and dues payable ...... Ошибка! Закладка не определена. Social insurance and benefits payable ...... Ошибка! Закладка не определена. Labor compensation payable to personnel ...... Ошибка! Закладка не определена. Employee advances ...... Ошибка! Закладка не определена. Accounts payable to personnel for other operations ...... Ошибка! Закладка не определена. Accounts payable to founders ...... Ошибка! Закладка не определена. Various accounts payable and receivable ...... Ошибка! Закладка не определена. Deferred tax liabilities ...... Ошибка! Закладка не определена. Intercompany settlements ...... Ошибка! Закладка не определена. Authorized capital ...... Ошибка! Закладка не определена. Treasury shares ...... Ошибка! Закладка не определена. Reserve funds ...... Ошибка! Закладка не определена. Incremental capital ...... Ошибка! Закладка не определена. Undistributed profit (uncovered loss) ...... Ошибка! Закладка не определена.
242 Special-purpose financing...... Ошибка! Закладка не определена. Sales ...... Ошибка! Закладка не определена. Other income and expense ...... Ошибка! Закладка не определена. Shortages and losses from the impairment of assets...... Ошибка! Закладка не определена. Reserve for future expense ...... Ошибка! Закладка не определена. Deferred expense ...... Ошибка! Закладка не определена. Deferred income ...... Ошибка! Закладка не определена. Profit and loss ...... Ошибка! Закладка не определена. Off-balance-sheet accounts ...... Ошибка! Закладка не определена. Company (Corporate Entities) ...... 310 List of activity types...... Ошибка! Закладка не определена. Cost center ...... Ошибка! Закладка не определена. Tax ...... Ошибка! Закладка не определена. Industry ...... Ошибка! Закладка не определена. Chart of accounts structure and components ...... Ошибка! Закладка не определена.
243 Section 1. Values of Account/Subaccount Segments and Analysis
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 01 T Fixed assets 01 1 Т Production fixed assets 01 1 1 Land plots and natural resources 01 1 2 Buildings 01 1 3 Т Property, plant and equipment 01 1 3 1 Water development facilities 01 1 3 2 Transmission lines 01 1 3 3 Heat networks 01 1 3 4 Equipment and installations 01 1 3 5 Power equipment 01 1 3 6 Substations 01 1 3 7 Other 01 1 4 Т Other types of fixed assets 01 1 4 2 Other 01 2 Т Non-production fixed assets 01 2 1 Land plots and natural resources 01 2 2 Buildings 01 2 2 1 Residential buildings 01 2 3 Property, plant and equipment 01 2 4 Т Other types of fixed assets 01 2 4 2 Other 01 2 4 3 Land improvement and road facilities 01 3 0 0 Fixed assets leased out
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 02 T Depreciation of fixed assets 02 1 Т Production fixed assets 02 1 2 Buildings 02 1 3 Т Property, plant and equipment 02 1 3 1 Water development facilities 02 1 3 2 Transmission lines 02 1 3 3 Heat networks 02 1 3 4 Equipment and installations 02 1 3 5 Power equipment 02 1 3 6 Substations 02 1 3 7 Other 02 1 4 Other types of fixed assets 02 2 Т Non-production fixed assets 244 02 2 2 Buildings 02 2 3 Property, plant and equipment 02 2 4 Other types of fixed assets 02 5 T Depreciation of fixed assets leased out 02 5 1 T Depreciation of income-bearing investments in tangible assets 02 5 1 0100 Buildings 02 5 1 0200 Water development facilities 02 5 1 0300 Transmission lines 02 5 1 0400 Heat networks 02 5 1 0500 Equipment and installations 02 5 1 0600 Power equipment 02 5 1 0700 Substations 02 5 1 0800 Property, plant and equipment 02 5 1 0900 Other types
Control Account Subaccou Description nt 03 T Income-bearing investments in tangible assets 03 3 Tangible assets/property for lease 03 4 Movable property for lease, rent, etc 03 6 Immovable property for lease, rent, etc
Control Account Subaccount Description
04 T Intangible assets 04 1 Patents, licenses, trademarks (service marks), other similar rights and assets
04 3 Goodwill 04 4 Other Intangible assets 04 5 Research, development and engineering expenses
Control Account Subacco Description unt 05 T Depreciation of intangible assets 05 1 Patents, licenses, trademarks (service marks), other similar rights and assets 05 4 Other intangible assets 05 5 Research, development and engineering expenses
Control Account Subacco Description unt 07 T Equipment for installation
245 07 0 Equipment for installation
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 08 T Investments in non-current assets 08 1 Т Fixed asset acquisition 08 1 1 Т Buildings used for production purposes 08 1 1 1 Cash settlements 08 1 1 2 Donated assets 08 1 1 3 Contributions to the authorized capital during restructuring 08 1 1 4 Other proceeds 08 1 2 Т Water development facilities used for production purposes 08 1 2 1 Cash settlements 08 1 2 2 Donated assets 08 1 2 3 Contributions to the authorized capital during restructuring 08 1 2 4 Other proceeds 08 1 3 Т Transmission lines used for production purposes 08 1 3 1 Cash settlements 08 1 3 2 Donated assets 08 1 3 3 Contributions to the authorized capital during restructuring 08 1 3 4 Other proceeds 08 1 4 Т Heat networks used for production purposes 08 1 4 1 Cash settlements 08 1 4 2 Donated assets 08 1 4 3 Contributions to the authorized capital during restructuring 08 1 4 4 Other proceeds 08 1 5 Т Equipment and installations used for production purposes 08 1 5 1 Cash settlements 08 1 5 2 Donated assets 08 1 5 3 Contributions to the authorized capital during restructuring 08 1 5 4 Other proceeds 08 1 6 Т Power equipment used for production purposes 08 1 6 1 Cash settlements 08 1 6 2 Donated assets 08 1 6 3 Contributions to the authorized capital during restructuring 08 1 6 4 Other proceeds 08 1 7 Т Substations used for production purposes 246 08 1 7 1 Cash settlements 08 1 7 2 Donated assets 08 1 7 3 Contributions to the authorized capital during restructuring 08 1 7 4 Other proceeds 08 1 8 Т Other used for production purposes 08 1 8 1 Cash settlements 08 1 8 2 Donated assets 08 1 8 3 Contributions to the authorized capital during restructuring 08 1 8 4 Other proceeds 08 1 9 Т Non-production assets 08 1 9 1 Cash settlements 08 1 9 2 Donated assets 08 1 9 3 Contributions to the authorized capital during restructuring 08 1 9 4 Other proceeds 08 2 Т Fixed asset construction 08 2 1 Buildings used for production purposes 08 2 2 Water development facilities used for production purposes 08 2 3 Transmission lines used for production purposes 08 2 4 Heat networks used for production purposes 08 2 5 Equipment and installations used for production purposes 08 2 6 Power equipment used for production purposes 08 2 7 Substations used for production purposes 08 2 8 Other used for production purposes 08 2 9 Non-production assets 08 3 0 Performance of research, development and engineering work 08 4 0 Performance of design work 08 5 0 Acquisition of tangible assets for income-bearing investments
Control Account Description
09 Deferred tax assets
Control Subaccount First-Level Description Account Analysis 10 T Materials 10 20 Spare parts 10 30 Building materials 10 40 Tools, fixtures and furnishings
247 10 50 Materials outsourced for processing 10 60 Fuel and lubricants for motor vehicles 10 70 Stationery 10 80 Т Special gear and special clothing 10 80 1 Special gear and special clothing in warehouse 10 80 2 Special gear and special clothing in operation 10 70 Stationery 10 90 Fixed assets worth not more than 20,000 rubles 10 97 Non-production tangible assets 10 98 Other materials 10 99 Other raw materials
Control Account Description 11 Livestock
Control Account SubaccouDescription nt 14 T Reserve against the depreciation of tangible assets 14 20 Spare parts 14 30 Building materials 14 40 Tools, fixtures and furnishings 14 50 Materials outsourced for processing 14 60 Fuel and lubricants for motor vehicles 14 70 Stationery 14 98 Other materials 14 99 Other raw materials
Control Account Subacco First-Level Description unt Analysis
19 T VAT on assets, work, services purchased 19 1 T VAT on non-current assets (with the exception of capital construction received under the separation balance sheet) 19 1 2 VAT on non-current assets (with the exception of capital construction received under the separation balance sheet) used for VAT-exempt activities 19 2 T VAT on capital construction assets received under the separation balance sheet 19 2 0 VAT on capital construction assets received under the separation balance sheet 19 2 1 VAT on capital construction assets received under the separation balance sheet used for activities subject to VAT 19 2 2 VAT on capital construction assets received under the separation balance sheet used for VAT-exempt activities 248 19 3 T VAT on purchased materials 19 3 2 VAT on purchased materials used for VAT-exempt activities 19 4 T VAT on purchased non-production tangible assets 19 4 1 VAT on purchased non-production tangible assets used for activities subject to VAT 19 5 T VAT on deferred expenses 19 5 1 VAT on deferred expenses used for activities subject to VAT 19 5 2 VAT on deferred expenses used for VAT-exempt activities 19 6 T VAT on business trips and entertainment expenses 19 6 2 VAT on business trips and entertainment expenses used for VAT- exempt activities
19 7 T VAT on general expenses 19 7 0 VAT on general expenses 19 7 1 VAT on general expenses used for activities subject to VAT 19 7 2 VAT on general expenses used for VAT-exempt activities 19 8 T VAT on foreign corporate entities 19 8 0 VAT on foreign corporate entities 19 8 1 VAT on foreign corporate entities used for activities subject to VAT 19 8 2 VAT on foreign corporate entities used for VAT-exempt activities 19 9 T Non-refundable VAT 19 9 0 Non-refundable VAT
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 20 Т Core operations 20 10 T Financial expenses 20 10 01 T Fuel for industrial purposes 20 10 01 50 Costs in connection with purchasing fuel for industrial purposes 20 10 02 Т Water for industrial purposes 20 10 02 10 Costs in connection with purchasing water for industrial purposes 20 10 03 Т Purchased electricity 20 10 03 20 Costs in connection with purchasing electricity for economic and production needs 20 10 04 Т Materials for supporting the engineering process and other economic and production needs 20 10 04 11 Costs in connection with purchasing raw materials and/or materials used for the production of goods (performance of work, provision of services) and/or serving as their basis or being the necessary component for the
249 production of goods (performance of work, provision of services) 20 10 04 12 Costs in connection with purchasing materials used for the production (manufacturing) of goods (performance of work, provision of services) to support the engineering process 20 10 04 13 Costs in connection with purchasing other materials used directly for production purposes, including tools and fittings classified as non-depreciable property 20 10 04 19 Costs in connection with purchasing materials used for the purposes of civil defense in accordance with the laws of the Russian Federation
20 10 04 20 Costs in connection with purchasing materials used for maintaining and operating administrative fixed assets other than buildings and structures 20 10 04 21 Costs in connection with purchasing fuel (spare parts) used for maintaining administrative corporate transport 20 10 04 22 Costs in connection with purchasing materials used for maintaining and operating administrative buildings and structures 20 10 04 23 Costs in connection with purchasing fuel (spare parts) used for maintaining corporate transport used for general economic needs (with the exception of transport intended for guards, fire emergency and security services) 20 10 04 24 Costs in connection with purchasing materials used for maintaining and operating buildings and structures used for general economic needs (with the exception of buildings and structures intended for guards, fire emergency and security services) 20 10 04 26 Costs in connection with purchasing materials used for non-capital work (research) aimed at improving production management and corporate management 20 10 04 27 Costs in connection with purchasing materials used for ensuring normal working conditions and safety provided for by the laws of the Russian Federation (for general economic needs) 20 10 04 29 Costs in connection with purchasing materials for advertising goods (work, services) produced (purchased) and/or sold, i.e. materials used for illuminated and other outdoor advertising 20 10 04 30 Costs in connection with purchasing materials for advertising goods (work, services) produced (purchased) and/or sold, i.e. materials used for manufacturing advertising stands and advertising panels 20 10 04 31 Costs in connection with purchasing materials for advertising goods (work, services) produced (purchased) and/or sold, i.e. materials used for show, fair, display
250 needs
20 10 04 32 Costs in connection with purchasing materials for advertising goods (work, services) produced (purchased) and/or sold, i.e. materials used for decorating show windows, fairs, sample rooms, showrooms 20 10 04 35 Other reasonable costs in connection with purchasing materials for production and economic needs of production nature, as well as tools and fittings classified as non-depreciable property 20 10 04 36 Other reasonable costs in connection with purchasing materials for production and economic needs of general production nature, as well as tools, devices and laboratory equipment classified as non-depreciable property 20 10 04 37 Other reasonable costs in connection with purchasing materials for production and economic needs of general economic nature, as well as tools, devices and laboratory equipment classified as non-depreciable property 20 10 04 39 Soil restoration expenses 20 10 04 40 Costs in connection with purchasing materials for maintaining facilities related to natural resource development 20 10 04 41 Costs in connection with purchasing materials used for expenses in connection with natural resource development 20 10 06 Т Spare parts and consumable materials used for repairing non-leased-out fixed assets
20 10 06 01 Costs in connection with purchasing spare parts and consumable materials used for repairing production equipment (repair not involving auxiliary production facilities) 20 10 06 02 Costs in connection with purchasing spare parts and consumable materials used for repairing production vehicles (repair not involving auxiliary production facilities) 20 10 06 05 Costs in connection with purchasing spare parts and consumable materials used for repairing buildings, structures and fixtures used for production purposes (repair not involving auxiliary production facilities)
20 10 06 06 Costs in connection with purchasing spare parts and consumable materials used for repairing buildings, structures and fixtures used for general production purposes (repair not involving auxiliary production facilities) 20 10 06 07 Costs in connection with purchasing spare parts and consumable materials used for repairing fixed assets used
251 for environmental protection needs (repair not involving auxiliary production facilities) 20 10 06 08 Costs in connection with purchasing spare parts and consumable materials used for repairing administrative fixed assets (including corporate motor vehicles, buildings and structures) (repair not involving auxiliary production facilities) 20 10 06 09 Costs in connection with purchasing spare parts and consumable materials used for repairing fixed assets used for general economic needs, including buildings and structures (with the exception of fixed assets of guards, fire emergency and security services) (repair not involving auxiliary production facilities) 20 10 06 10 Costs in connection with purchasing spare parts and consumable materials used for repairing the premises of public caters for employees 20 10 08 Т Production-related work and services
20 10 08 10 Costs in connection with purchasing work and services from external entities (including self-employed entrepreneurs) related to the maintenance and operation of buildings, structures and fixtures used for general production needs 20 10 08 12 Costs in connection with purchasing work and services from external entities (including self-employed entrepreneurs) related to the maintenance of buildings, structures and fixtures used for general economic needs (including public utility services) 20 10 08 17 Other reasonable costs in connection with purchasing production-related work and services 20 10 09 Т Expenses in connection with the maintenance and operation of fixed assets and other property used for environmental protection needs 20 10 09 10 Expenses in connection with purchasing materials used for the maintenance and operation of environmental protection facilities 20 10 09 20 Costs in connection with purchasing work and services from external entities (including self-employed entrepreneurs) related to the maintenance of environmental protection facilities 20 10 09 30 Other reasonable costs in connection with the maintenance and operation of environmental protection assets 20 10 10 Т Expenses in connection with other environmental protection activities 20 10 10 10 Costs in connection with purchasing materials used for environmental protection activities 20 10 10 20 Costs in connection with purchasing work and
252 services from external entities (including self- employed entrepreneurs) related to environmental protection, including the acceptance, storage and destruction of hazardous waste 20 10 10 30 CHARGES FOR MAXIMUM PERMISSIBLE EMISSIONS (DISCHARGES) OF POLLUTANTS 20 10 13 Т Expenses in connection with a write-off of fixed assets worth not more than 20 thousand rubles 20 10 13 10 Expenses in connection with a write-off of fixed assets worth not more than 20 thousand rubles 20 20 Т Expenses in connection with personnel compensation
20 20 01 Т Types of payments: 20 20 01 01 Paid sums calculated using the remuneration rates and basic salaries in accordance with the forms and labor compensation systems adopted by the taxpayer 20 20 01 02 Paid sums calculated using piece rates or as a percentage of revenue in accordance with the forms and labor compensation systems adopted by the entity 20 20 01 03 Cost of goods or products given to employees as payment in kind 20 20 01 04 Difference in the salaries of employees recruited from other entities and paid the same basic salary as in their previous position during a certain period 20 20 01 05 Difference in salaries for temporary deputizing 20 20 01 06 Incentives and/or allowances related to work mode and working conditions: multi-shift work, multi-skilling, expansion of service areas, work under severe, harmful or extremely harmful working conditions 20 20 01 07 Incentives: increments to remuneration rates and basic salaries for professional skills, high labor achievements and other similar indicators 20 20 01 08 Non-recurring long-service awards (allowances for employment experience in the same occupation)
20 20 01 09 Incentives: bonuses for (systematic) performance 20 20 01 10 Compensation of part-time employees
20 20 01 11 Expenses in connection with the compensation of freelancers for the performance of work under the existing civil contracts (including tenders), with the exception of compensation under civil contracts with self- employed entrepreneurs 20 20 01 12 Increments resulting from the territorial regulation of labor compensation, including sums paid based on territorial ratios and ratios for work under severe weather conditions
253 20 20 01 13 Incentives and/or allowances related to work mode and working conditions: increments to remuneration rates and basic salaries for night-shift work, overwork and work on weekends and public holidays 20 20 01 14 Other types of payments to employees provided for by the employment and/or labor contract 20 20 01 15 Increments for continuous employment in Far North and equivalent areas, European North and other areas with severe weather conditions 20 20 01 16 Incentives: non-recurring performance bonuses 20 20 01 17 Incentives: year-end bonus 20 20 01 18 Cost of free catering and food products
20 20 01 19 Cost of public utility services provided to employees free of charge, free housing provided to the entity’s employees (sums of monetary compensation for the provision of free housing, public utility and other similar services) 20 20 01 20 Other types of payment for food, housing, fuel
20 20 01 21 Cost of objects given to employees free of charge (including uniform, outfit) for permanent personal use (sum of benefits in connection with their sale at reduced prices) 20 20 01 22 Expenses in connection with paid employment breaks of mothers on maternity leave 20 20 01 23 Expenses in connection with paid hours (employment breaks) related to medical examinations 20 20 01 24 Expenses in connection with the compensation of donor employees for the days of examination, blood donation and rest after each day of blood donation 20 20 01 25 Expenses in connection with the compensation of employees during leave (scheduled and additional leaves) 20 20 01 26 Expenses in connection with paid additional employee leaves under the employment contract in addition to the leaves provided for by the applicable laws, including women who bring up children 20 20 01 27 Extra-payments to minors for reduced working hours 20 20 01 28 Payments of the primary employer to workers, managers or office employees of the taxpayer during their off-the- job training within the system of advanced training or continuing education 20 20 01 29 Expenses in connection with compensation during study leaves of the entity’s employees 20 20 01 30 Sum of the average pay of employees during the performance of state and/or public duties and in other cases 20 20 01 31 Expenses in connection with temporary disability pay 20 20 01 32 Other types of employee-related expenses paid to employees provided for by the labor contract and/or employment contract
254 20 20 01 33 Other types of employee-related expenses paid to employees not provided for by the labor contract and/or employment contract 20 20 01 34 Payments for unused leave to the employee being dismissed 20 20 01 35 Value of shares granted to employees free of charge as incentives 20 20 01 36 Welfare assistance to employees 20 20 01 37 Non-recurring anniversary and retirement benefits 20 20 01 38 Other non-recurring incentives 20 20 01 39 Termination benefit 20 20 01 40 Payments to employees made redundant in connection with the reorganization or liquidation of the entity, personnel or staff reduction: sums paid to employees until recruitment 20 20 01 41 State pension supplements payable by the entity 20 20 01 42 Compensation for moral damage payable by the entity in such amount as specified by court 20 20 01 43 Expenses in connection with the round-trip transportation of employees and their dependents to the place of leave in the Russian Federation (including expenses in connection with payment for the transportation of luggage of the employees of entities located in the Far North and equivalent areas) in accordance with the procedure set forth in the laws of the Russian Federation 20 20 01 44 Allowance to women on maternity (for children under 3 years of age) 20 20 01 45 Other social benefits 20 20 01 46 Payments for work performed by individuals retained by the taxpayer under special agreements for the provision of workforce with government-owned entities 20 20 01 47 Academic degree allowances 20 20 01 48 Payments amounting to the remuneration rate or basic salary (for work performed on a rotational basis) provided for by employment contracts for the days of round-trip transportation from the entity’s location (gathering center) to the place of work provided for by the rotational work schedule and the days of employees’ travel delay caused by weather conditions 20 20 01 49 Disabled allowances 20 20 01 50 Expenses in connection with the compensation of involuntary absence from work or time spent on lower- paid job 20 20 01 51 Compensation agreed upon by the parties 20 20 01 52 Paid health vouchers for employees
20 20 01 53 Paid vacation vouchers and partial compensation of employees when traveling to the vacation place
255 20 20 02 54 Payments for the first two days of temporary disability 20 20 02 Т Sums paid by employers under employee insurance agreements 20 20 02 10 Sums paid (contributed) by employers under compulsory employee insurance agreements 20 20 02 20 Sums paid by employers under pension insurance and/or non-governmental retirement insurance agreements providing for payments only when the insured person reaches pension grounds 20 20 02 30 Sums paid by employers under voluntary employee health insurance agreements executed for at least one year 20 20 02 40 Sums paid by employers under long-term (at least five- year) life insurance agreements not providing for any payments (with the exception of payment in the event of death of the insured person) 20 20 02 50 Sums paid by employers under agreements for personal insurance against death or disability in connection with the performance of job responsibilities 20 20 02 60 Sums paid by employers under other voluntary employee insurance agreements 20 30 Т Unified social tax
20 30 01 Т Types of allocations for social needs: 20 30 01 10 Unified social tax payable to the Social Insurance Fund of the Russian Federation 20 30 01 20 Unified social tax payable to the federal budget of the Russian Federation 20 30 01 30 Unified social tax payable to the Federal Compulsory Medical Insurance Fund (FCMIF) 20 30 01 40 Unified social tax payable to the Territorial Compulsory Medical Insurance Fund (TCMIF) 20 30 01 50 Unified social tax payable to the Pension Fund of the Russian Federation (insurance component of the retirement pension) 20 30 01 60 Unified social tax payable to the Pension Fund of the Russian Federation (funded component of the retirement pension) 20 40 Т Accumulated depreciation
20 40 10 00 Accumulated depreciation of fixed assets used for production, general production, administrative and trade needs 20 40 20 00 Accumulated depreciation of intangible assets 20 50 Т Other expenses 20 50 01 Т Maintenance expenses 20 50 01 10 Services and work provided/performed by external entities (including self-employed entrepreneurs) with
256 regard to the maintenance of production equipment and other workplaces 20 50 01 20 Services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to the maintenance of transport used for production needs 20 50 01 30 Services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to the maintenance of buildings, structures and fixtures used for production needs 20 50 01 40 Services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to the maintenance of buildings, structures and fixtures used for general production needs 20 50 01 50 Services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to the maintenance of assets used for environmental protection needs 20 50 01 60 Services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to the maintenance of administrative fixed assets (including corporate motor vehicles) 20 50 01 70 Services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to the maintenance of fixed assets used for general economic needs (with the exception of fixed assets intended for guards, fire emergency and security services) 20 50 02 Т Expenses in connection with natural resource development 20 50 02 10 Cost of services of external entities in connection with maintaining assets related to natural resource development 20 50 03 Т Property insurance 20 50 03 01 Expenses (insurance contributions) in connection with compulsory property insurance if the rates for compulsory types of insurance (specified in the laws of the Russian Federation) are not approved in accordance with the laws of the Russian Federation and requirements of international conventions 20 50 03 02 Expenses (insurance contributions) in connection with compulsory property insurance if the rates for compulsory types of insurance (specified in the laws of the Russian Federation) are approved in accordance with the laws of the Russian Federation and requirements of international conventions 20 50 03 03 Expenses (insurance contributions) in connection with voluntary property and (water, air, land, pipeline) transport insurance
257 20 50 03 04 Expenses (insurance contributions) in connection with voluntary cargo insurance 20 50 03 05 Expenses (insurance contributions) in connection with voluntary insurance for fixed assets used for production needs, intangible assets, construction-in-progress assets 20 50 03 06 Expenses (insurance contributions) in connection with voluntary insurance for inventory, agricultural crops and livestock 20 50 03 07 Expenses (insurance contributions) in connection with voluntary insurance for the property used by the taxpayer in its income-generating activities (with the exception of leased property) 20 50 03 08 Expenses (insurance contributions) in connection with voluntary damage liability insurance 20 50 03 09 Expenses in connection with voluntary insurance for other property used to perform activities 20 50 03 10 Expenses in connection with other voluntary property insurance not listed above 20 50 04 Т Expenses in connection with advertising produced (purchased) and/or sold goods (work, services), taxpayer’s activities, trademark and service mark 20 50 04 01 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) in connection with advertising events through mass media and telecommunication networks 20 50 04 02 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) in connection with illuminated and outdoor advertising, manufacturing advertising stands and advertising panels 20 50 04 03 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) in connection with participating in shows, fairs, displays and decorating show windows, fairs, sample rooms, showrooms
20 50 04 04 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) in connection with making advertising booklets and catalogs 20 50 04 05 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) in connection with reducing the price of goods which fully or partly lost their original properties when being exhibited
20 50 04 06 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) in connection with prize making
258 20 50 04 07 Cost of services and work related to other types of advertising (not listed above): advertising information targeted toward the general public and intended to create or maintain interest in this individual, corporate entity, goods, ideas and initiatives and contribute to the implementation of goods, ideas and initiatives 20 50 05 Т Entertainment expenses 20 50 05 01 Entertainment expenses in connection with formal parties and services for the representatives of other entities participating in negotiations for the purposes of establishing and maintaining cooperation 20 50 05 02 Transportation service cost 20 50 05 03 Cost of breakfast, lunch or other similar event 20 50 05 04 Cost of catering during negotiations 20 50 05 05 Cost of external interpreter services 20 50 06 Т Production-related work and services 20 50 06 13 Expenses in connection with legal services related to participation in other entities 20 50 06 15 Expenses in connection with information services related to participation in other entities 20 50 06 17 Expenses in connection with advisory and other similar services related to participation in other entities 20 50 06 46 Expenses in connection with notary public services related to participation in other entities 20 50 06 47 Expenses in connection with the provision of after-sales repair and maintenance services, including allocations to the reserve against upcoming after-sales repair and maintenance expenses 20 50 06 54 Expenses in connection with the maintenance services provided by external entities
20 50 07 Т Other other expenses
20 50 07 01 Compulsory social insurance against industrial accidents and professional diseases 20 50 07 08 Stationery expenses (including report and documentation forms) 20 50 07 10 Expenses in connection with acquiring the right to use software and contract databases under agreements with the right holder (license agreements) 20 50 07 11 Software and database updating expenses 20 50 07 13 Sums of relocation allowance paid
20 50 07 14 Expenses in connection with public transport (underground, tram, trolleybus, bus, etc) trips for business needs 20 50 07 15 Expenses in connection with reimbursement for using personal automobiles and motorcycles for business needs
259 20 50 07 16 Expenses in connection with employee business trips: round-trip transportation of the employee from the place of primary employment to the destination point 20 50 07 17 Expenses in connection with employee business trips: housing rent. This expense item also includes reimbursement for the employee’s expenses associated with payment for additional hotel services (with the exception of bar and restaurant expenses, room service expenses, expenses in connection with using recreational facilities) 20 50 07 18 Expenses in connection with employee business trips: daily allowance and/or field provisions within the limits established by the Government of the Russian Federation 20 50 07 19 Expenses in connection with employee business trips: daily allowance and/or field provisions beyond the limits established by the Government of the Russian Federation 20 50 07 20 Expenses in connection with employee business trips: applying for and obtainment of visas, passports, vouchers, invitations and other similar documents 20 50 07 21 Expenses in connection with employee business trips: consular, airport fees, fees for the right of entry/transit of automobiles and other vehicles, use of sea channels, other similar facilities and other similar fees and dues
20 50 07 27 Deductions to support the supervisory activities of specialized institutions provided for by the laws of the Russian Federation for the purposes of exercising control of compliance of such taxpayers with the relevant requirements and conditions (State Power Supply Inspectorate) 20 50 07 33 Land tax 20 50 07 34 Transport tax 20 50 07 Expenses in connection with the foreign business trips of 37 employees: round-trip transportation of the employee from the place of primary employment to the destination point 20 50 07 Expenses in connection with the foreign business trips of 38 employees: housing rent. This expense item also includes reimbursement for the employee’s expenses associated with payment for additional hotel services (with the exception of bar and restaurant expenses, room service expenses, expenses in connection with using recreational facilities) 20 50 07 Expenses in connection with the foreign business trips of 39 employees: daily allowance and/or field provisions within the limits 20 50 07 Expenses in connection with the foreign business trips of 40 employees: daily allowance and/or field provisions
260 beyond the limits 20 50 07 Expenses in connection with the foreign business trips of 41 employees: applying for and obtainment of visas, passports, vouchers, invitations and other similar documents 20 50 07 Expenses in connection with the foreign business trips of 42 employees: consular, airport fees, fees for the right of entry/transit of automobiles and other vehicles, use of sea channels, other similar facilities and other similar fees and dues
20 50 07 Other local taxes and dues 50 20 50 07 53 Expenses in connection with managing shares purchased: payment of the registrar’s and depository’s fees; expenses in connection with obtaining information in accordance with the laws of the Russian Federation, other similar expenses 20 50 07 54 State duty 20 50 07 55 Property tax 20 50 07 56 Regular (recurring) payments for using the rights to intellectual property and means of individualization (including rights arising from the patents of invention and design and other types of intellectual property) 20 50 07 99 Other expenses
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 26 Т General expenses 26 50 02 Т Property insurance 26 50 02 03 Expenses (insurance contributions) in connection with voluntary insurance for rented (water, air, land, pipeline) transport 26 50 02 05 Expenses (insurance contributions) in connection with voluntary insurance for rented fixed assets used for production needs, intangible assets, construction-in- progress assets 26 50 05 Т Production-related work and services 26 50 05 01 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to maintaining the fixed assets of fire brigade, paramilitary security, watchman service and gas rescue service 26 50 05 02 Cost of security and fire-prevention services and work provided/performed by external entities (including self- employed entrepreneurs) 261 26 50 05 03 Cost of non-capital services and work provided/performed by external entities (including self- employed entrepreneurs) with regard to general economic testing, experiments and studies aimed at improving technology and production management 26 50 05 04 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to creating normal working and safety conditions for general economic needs 26 50 05 05 Cost of civil defense services and work provided/performed by external entities 26 50 05 06 Cost of services provided by external entities (including self-employed entrepreneurs) (meeting the requirements of educational institutions) in connection with staff training and retraining (including personnel development) under agreements with educational institutions 26 50 05 07 Expenses in connection with personnel recruitment services provided by specialized companies 26 50 05 08 Other taxpayer’s expenses in connection with staff recruitment (for example, advertisement expenses) 26 50 05 09 Expenses in connection with legal services: legal advising 26 50 05 10 Expenses in connection with legal services: representation before courts and tax authorities 26 50 05 11 Expenses in connection with information services: provision of information 26 50 05 13 Expenses in connection with advisory and other similar services: Management consulting /Enterprise management system diagnostics 26 50 05 14 Expenses in connection with advisory and other similar services: Management consulting/Analysis and optimization of the enterprise’s organizational structure 26 50 05 15 Expenses in connection with advisory and other similar services: Management consulting/Business process description and optimization. 26 50 05 16 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Personnel management 26 50 05 17 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Project management 26 50 05 18 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Strategic planning 26 50 05 19 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Investment planning 26 50 05 20 Expenses in connection with advisory and other similar services: Management consulting/Development of
262 guidelines and advisory materials/ Management accounting 26 50 05 21 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Business accounting 26 50 05 22 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Tax accounting
26 50 05 23 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Marketing planning/ Market segmenting 26 50 05 24 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Marketing planning/ Market positioning 26 50 05 25 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Marketing planning/ Pricing policy 26 50 05 26 Expenses in connection with advisory and other similar services: Management consulting/Development of guidelines and advisory materials/ Marketing planning/ Advertising policy 26 50 05 27 Expenses in connection with advisory and other similar services: Management consulting/ Automation 26 50 05 28 Expenses in connection with advisory and other similar services: Management consulting/ Personnel training 26 50 05 29 Expenses in connection with advisory and other similar services: technology consulting 26 50 05 30 Expenses in connection with advisory and other similar services: Appraisal of property and the whole enterprise as property portfolio 26 50 05 31 Expenses in connection with payment for auditing services: Audit of accounting records and financial statements 26 50 05 32 Expenses in connection with payment for auditing services: Audit of tax reports 26 50 05 33 Expenses in connection with payment for auditing services: Audit-related services / Maintenance of accounting and tax records 26 50 05 34 Expenses in connection with payment for auditing services: Audit-related services/ Restoration of accounting records 26 50 05 35 Expenses in connection with payment for auditing services: Audit-related services/ Preparation of financial statements
263 26 50 05 36 Expenses in connection with payment for auditing services: Audit-related services/ Restatement of financial statements in accordance with international standards 26 50 05 37 Expenses in connection with payment for auditing services: Audit-related services/ Arrangement of business and tax accounting 26 50 05 38 Expenses in connection with payment for auditing services: Audit-related services/ Accounting and tax counseling 26 50 05 39 Expenses in connection with payment for auditing services: Audit-related services/ Financial analysis 26 50 05 40 Expenses in connection with services related to managing the entity and its functions 26 50 05 41 Expenses in connection with services related to the provision of employees (engineering and managerial personnel) by external entities for participating in the production process, production management or performing any other production and/or sales-related functions 26 50 05 42 Expenses in connection with the publication of accounting statements and the publication and other disclosure of other information 26 50 05 43 Expenses in connection with the provision of forms and information concerning state statistical monitoring 26 50 05 44 Expenses in connection with payment for communication and telephone services 26 50 05 45 Expenses in connection with the ongoing study (review) of market situation, collection and dissemination of information directly related to the production and sale of goods (work, services) 26 50 05 46 Expenses in connection with services related to the maintenance of accounting records provided by external entities or self-employed entrepreneurs 26 50 05 47 Transportation services (including transport rent) for business trips 26 50 05 49 Cost of services and work provided/performed by external entities (including self-employed entrepreneurs) with regard to maintaining transport used for general economic needs 26 50 05 50 Expenses in connection with payment for notary public services 26 50 05 54 Expenses in connection with payment for maintenance services provided by external entities 26 50 05 55 Expenses in connection with payment for computer center services 26 50 05 56 Expenses in connection with the provision of services related to after-sales repair and maintenance, including deductions for deferred expense reserve
264 26 50 05 57 Expenses in connection with e-mail and information system services (SWIFT, Internet and other similar systems) 26 50 05 58 Expenses in connection with mail, telegraph and other similar services 26 50 07 Т Other other expenses 26 50 07 03 Expenses in connection with service and product certification 26 50 07 04 Sums of commission fees and other similar expenses for the performance of work and provision of services by external entities 26 50 07 05 Sums of port and airport fees, expenses in connection with pilot services and other similar payments 26 50 07 06 Premise lease payments 26 50 07 07 Land lease payments 26 50 07 08 Property lease payments 26 50 07 09 Payments for leasing certain fixed assets 26 50 07 10 Communication channel lease payments 26 50 07 11 Other property lease payments 26 50 07 12 Lease payments for property recorded on the balance sheet of the lessor 26 50 07 13 Lease payments for property recorded on the balance sheet of the lessee (net of accumulated depreciation) 26 50 07 15 Expenses in connection with payment for graphic, printing and binding work performed by external entities 26 50 07 32 License write-off cost 26 50 07 33 Reserves established in accordance with accounting laws yet not recorded for tax purposes under tax law 26 50 07 34 R&D deductions 26 50 07 42 Expenses in connection with purchasing technical and economic literature 26 50 07 43 Expenses in connection with the lease of federal property, the property of the constituent entities of the Russian Federation and municipal property 26 50 07 99 Other expenses 26 99 00 00 Technical account of general costs
Control Account Subacco First-Level Description unt Analysis
41 T Goods 41 20 00 Other goods 41 99 00 Technical account for cost close
Control Account Subaccou nt DESCRIPTION
265 43 T Finished products 43 30 Other finished products (by type)
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 44 T Selling expenses
Control Account Subacco Description unt
45 Goods dispatched
Control Account Subaccount Description
46 Completed stages of work-in-progress
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 50 T Cash 50 1 T Cash 50 1 1 0000 Cash in rubles 50 1 2 T Cash in other currency 50 1 2 1000 EUR 50 1 2 2000 USD 50 2 0 0000 Operating cash in rubles 50 3 T Cash instruments 50 3 1 T Cash instruments (vouchers) 50 3 1 1000 EUR 50 3 1 2000 USD 50 3 1 3000 RUR 50 3 2 T Airline tickets paid 50 3 2 1000 EUR 50 3 2 2000 USD 50 3 2 3000 RUR 50 3 3 T Other cash instruments 50 3 3 1000 EUR 50 3 3 2000 USD 50 3 3 3000 RUR
266
Control Account Subacco First-Level Description unt Analysis
51 T Settlement accounts 51 01 T EVROFINANCE MOSNARBANK 51 01 10 Settlement account No. 40702810200004077190 51 02 T Sberbank central head office No. 8641 51 02 10 Settlement account No. 40702810138360026758 51 99 99 Technical account for payment reconciliation
SubaccouFirst-Level Second- Third- Description CONTROL nt Analysis Level Level ACCOUNT Analysis Analysis 52 T Foreign currency accounts 52 1 T Current accounts in foreign currency 52 1 1 T EVROFINANCE MOSNARBANK 52 1 1 1 T EUR 52 1 1 1 100 Account No. 40702978500004077198 52 1 1 2 T USD 52 1 1 2 100 Account No. 40702840800004077191 52 1 2 T Sberbank central head office No. 8641 52 1 2 1 T EUR 52 1 2 1 100 Account No. 40702978038360026758 52 1 2 2 T USD 52 1 2 2 100 Account No. 40702840438360026758 52 2 T Transit accounts in foreign currency 52 2 1 T EVROFINANCE MOSNARBANK 52 2 1 1 T EUR 52 2 1 1 100 Account No. 40702978400004077188 52 2 1 2 T USD 52 2 1 2 100 Account No. 40702840700004077181 52 3 T Special transit accounts 52 3 1 T Bank « ***» 52 3 1 1 EUR T 52 3 1 1 100 Account No. 52 3 1 2 USD Т 52 3 1 2 100 Account No. 52 99 Т Special use
267 52 99 2 0 00 Bank «***» 52 99 5 0 00 Other
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 55 T Special bank accounts 55 1 T Individual card accounts 55 1 1 T EVROFINANCE MOSNARBANK 55 1 1 1000 Account No. 40702810400004077039 55 2 T Letters of credit 55 3 T Loan accounts 55 4 T Cheque books 55 5 T Deposit accounts 55 7 T Other special accounts
Control Account SubaccouFirst-Level Second- Third- Description nt Analysis Level Level Analysis Analysis 57 T Transfers in transit 57 1 1 1 100 Foreign currency credited to the bank for sale 57 1 1 1 200 Rubles credited to the bank for purchasing currency 57 2 1 1 000 Cash in transit
Control Account SubaccouFirst-Level Description nt Analysis
58 T Financial investments 58 1 STAKES AND SHARES 58 1 1 VAT ON INVESTMENTS IN SUBSIDIARIES (DEPENDENT COMPANIES) 58 2 Т Other financial investments 58 2 30 Other short-term financial investments 58 2 40 Other long-term financial investments 58 3 T Long-term advances to enterprises 58 3 40 Other long-term advances 58 4 T Long-term investments in securities 58 4 10 Long-term interest-bearing notes of banks
268 58 4 11 Long-term interest-bearing notes of banks under custody 58 4 12 Long-term non-interest-bearing notes of banks 58 4 13 Long-term non-interest-bearing notes of banks under custody 58 4 20 Long-term interest-bearing notes of other entities 58 4 21 Long-term interest-bearing notes of other entities under custody 58 4 22 Long-term non-interest-bearing notes of other entities 58 4 23 Long-term non-interest-bearing notes of other entities under custody 58 4 30 Bonds 58 4 40 Certificates of deposit 58 4 50 Other long-term securities 58 5 T Short-term advances to enterprises 58 5 10 Short-term advances to enterprises: principal amount of loans extended as part of "Czech operations" 58 5 40 Other short-term advances 58 6 T Short-term investments in securities 58 6 10 Short-term interest-bearing notes of banks 58 6 11 Short-term interest-bearing notes of banks under custody 58 6 12 Short-term non-interest-bearing notes of banks 58 6 13 Short-term non-interest-bearing notes of banks under custody 58 6 20 Short-term interest-bearing notes of other entities 58 6 21 Short-term interest-bearing notes of other entities under custody 58 6 22 Short-term non-interest-bearing notes of other entities 58 6 23 Short-term non-interest-bearing notes of other entities under custody 58 6 30 Bonds 58 6 40 Certificates of deposit 58 6 41 Certificates of deposit under custody 58 6 50 Other short-term securities 58 7 00 Deposits under simple partnership agreements
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 59 T Reserve against the depreciation of financial investments 59 1 T Reserve against the depreciation of investments in shares 59 1 1 0000 Stakes and shares in 100% owned subsidiaries 59 1 2 0000 Stakes and shares in 75-100% owned subsidiaries 59 1 3 0000 Stakes and shares in 50-75% owned subsidiaries 59 1 4 0000 Stakes and shares in 25-50% owned subsidiaries 59 1 5 0000 Stakes and shares in 20-25% owned dependent companies 59 1 6 0000 Stakes and shares in up to 20% owned dependent companies 59 2 T Reserve against the depreciation of investments in other securities of enterprises
269 59 2 1 0000 Reserve against the depreciation of investments in short- term securities 59 2 2 0000 Reserve against the depreciation of investments in long- term securities. 59 3 1 0000 Reserve against the depreciation of deposits under simple partnership agreements 59 4 1 0000 Reserve against the depreciation of extended long-term loans
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 60 T Accounts payable to suppliers and contractors 60 10 T Short-term liabilities 60 10 2 000 Fixed asset suppliers 60 10 3 T Contractors performing construction and installation work
60 10 3 100 Engineering services 60 10 3 200 Design and engineering 60 10 3 300 Maintenance 60 10 4 000 Contractors performing other work 60 10 5 T Service suppliers 60 10 5 200 Lease 60 10 5 400 Other services 60 10 7 000 Other suppliers of goods and materials 60 10 7 100 Other suppliers of goods used for advertising purposes 60 10 8 T R&D suppliers/contractors 60 10 8 100 Research payments financed the Company 60 02 0 000 Short-term notes 60 03 0 000 Long-term notes 60 40 T SHORT-TERM ADVANCES 60 40 2 000 Fixed asset suppliers 60 40 3 T Contractors performing construction and installation work
60 40 3 100 Engineering services 60 40 3 200 Design and engineering 60 40 3 300 Maintenance 60 40 4 000 Contractors performing other work 60 40 5 T Service suppliers 60 40 5 200 Lease 60 40 5 400 Other services 60 40 7 000 Other suppliers of goods and materials 60 40 7 100 Other suppliers of goods used for advertising purposes
270 60 40 8 T R&D suppliers/contractors 60 40 8 100 Research payments financed the Company 60 50 0 000 Long-term advances 60 60 0 000 Long-term payables
Control Account Subacco First-Level Description unt Analysis
62 T Accounts payable to buyers and customers 62 1 Т Short-term payables 62 1 1 Enterprises financed by the federal budget 62 1 2 Enterprises financed by the budgets of the constituent entities of the Russian Federation 62 1 3 Enterprises financed by local budgets 62 1 4 Other buyers and customers 62 2 Т Long-term payables 62 2 1 Enterprises financed by the federal budget 62 2 2 Enterprises financed by the budgets of the constituent entities of the Russian Federation 62 2 3 Enterprises financed by local budgets 62 2 4 Other buyers and customers 62 3 Т Short-term advance payments 62 3 3 Other advance payments received 62 4 0 Long-term advance payments 62 5 0 Short-term notes receivable 62 6 0 LONG-TERM NOTES RECEIVABLE
Control Account Subacco First-Level Description unt Analysis
63 Т Bad debt reserves 63 1 Т Short-term receivables 63 1 1 Enterprises financed by the federal budget 63 1 2 Enterprises financed by the budgets of the constituent entities of the Russian Federation 63 1 3 Enterprises financed by local budgets 63 1 4 Other buyers and customers 63 1 6 Reserve for doubtful accounts receivable under simple partnership agreements 63 1 7 Reserve against other doubtful accounts receivable
271 63 1 8 Reserve for doubtful accounts receivable with respect to penalties, fines and late charges under agreements 63 2 Т Long-term receivables 63 2 1 Enterprises financed by the federal budget 63 2 2 Enterprises financed by the budgets of the constituent entities of the Russian Federation 63 2 3 Enterprises financed by local budgets 63 2 4 Other buyers and customers 63 3 Т Short-term advance payments 63 3 2 Material suppliers 63 3 3 Contractors performing construction and installation work 63 3 4 Contractors performing other work 63 3 5 Service suppliers 63 3 7 Other suppliers of goods 63 3 8 R&D suppliers/contractors 63 3 9 Other suppliers and contractors 63 4 0 Long-term advance payments 63 5 0 Short-term notes receivable 63 6 0 Long-term notes receivable
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 66 T Short-term loans and advances payable 66 1 Т Short-term bank loans 66 1 1 Т Bank «***» 66 1 1 1 Principal amount 66 1 1 2 Interest 66 2 Т Short-term advances 66 2 1 Т Entity «***» 66 2 1 1 Principal amount 66 2 1 2 Interest 66 3 Т Promissory notes issued 66 3 1 1 Principal amount 66 3 1 2 Interest, discount expense
Control Account SubaccouFirst-Level Second- Description nt Analysis Level Analysis 67 T Long-term loans and advances payable 67 1 Т Long-term bank loans 67 1 Т Bank «***» 67 1 1 0 Principal amount
272 67 1 2 0 Interest 67 2 Т Bonds 67 2 1 Т Bond loan 67 2 1 1 Principal amount 67 2 1 2 Interest 67 3 Т Long-term advances 67 3 1 Т Entity «***» 67 3 1 1 Principal amount 67 3 1 2 Interest 67 4 Т Promissory notes issued 67 4 1 1 Principal amount 67 4 1 2 Interest, discount expense
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 68 T Taxes and dues payable 68 01 T VAT payable 68 01 1 T Federal budget 68 01 1 1 Tax 68 01 1 2 Penalties 68 01 1 3 Fines 68 01 99 00 VAT payable 68 01 99 10 VAT reassessments 68 01 99 20 VAT on corrective operations for previous periods 68 02 T VAT payable by foreign corporate entity 68 02 1 T Federal budget 68 02 1 1 Tax 68 02 1 2 Penalties 68 02 1 3 Fines 68 02 99 00 VAT payable by foreign corporate entities 68 02 99 10 Reassessed VAT payable by foreign corporate entities 68 03 Т VAT on leased federal and municipal property payable 68 03 1 T Federal budget 68 03 1 1 Tax 68 03 1 2 Penalties 68 03 1 3 Fines 68 03 99 00 VAT on leased federal and municipal property payable
273 68 03 99 10 Reassessed VAT on leased federal and municipal property payable 68 06 T Profit tax payable 68 06 1 T Federal budget 68 06 1 10 Tax 68 06 1 11 Tax reassessment 68 06 1 20 Penalties 68 06 1 30 Fines 68 06 2 T Budget of the constituent entities of the Russian Federation 68 06 2 10 Tax 68 06 2 11 Tax reassessment 68 06 2 20 Penalties 68 06 2 30 Fines 68 06 3 T Local budget 68 06 3 10 Tax 68 06 3 11 Tax reassessment 68 06 3 20 Penalties 68 06 3 30 Fines 68 06 4 T Moscow budget 68 06 4 10 Tax 68 06 4 11 Tax reassessment 68 06 4 20 Penalties 68 06 4 30 Fines 68 08 T Property tax payable 68 08 2 T Budget of the constituent entities of the Russian Federation 68 08 2 1 Tax 68 08 2 11 Tax reassessment 68 08 2 2 Penalties 68 08 2 3 Fines 68 08 3 T Local budget 68 08 3 1 Tax 68 08 3 11 Tax reassessment 68 08 3 2 Penalties 68 08 3 3 Fines 68 08 4 T Moscow budget 68 08 4 1 Tax 68 08 4 11 Tax reassessment 68 08 4 2 Penalties 68 08 4 3 Fines
274 68 10 T Income tax payable by foreign corporate entities
68 10 1 T Federal budget 68 10 1 1 Tax 68 10 1 11 Tax reassessment 68 10 1 2 Penalties 68 10 1 3 Fines 68 10 99 Technical account for income tax payable FCE and dividend tax withheld 68 12 T Individual income tax payable 68 12 1 T Federal budget 68 12 1 1 Tax 68 12 1 11 Tax reassessment 68 12 1 2 Penalties 68 12 1 3 Fines 68 12 99 Technical account for individual income tax 68 15 T Waterbody tax payable 68 15 1 T Federal budget 68 15 1 1 Tax 68 15 1 11 Tax reassessment 68 15 1 2 Penalties 68 15 1 3 Fines 68 18 T Land tax payable 68 18 2 T Budget of the constituent entities of the Russian Federation 68 18 2 1 Tax 68 18 2 11 Tax reassessment 68 18 2 2 Penalties 68 18 2 3 Fines 68 18 3 T Local budget 68 18 3 1 Tax 68 18 3 11 Tax reassessment 68 18 3 2 Penalties 68 18 3 3 Fines 68 18 4 T Moscow budget 68 18 4 1 Tax 68 18 4 11 Tax reassessment 68 18 4 2 Penalties 68 18 4 3 Fines 68 20 T Tax on government stake dividend 68 20 1 T Federal budget 68 20 1 1 Tax
275 68 20 1 11 Tax reassessment 68 20 1 2 Penalties 68 20 1 3 Fines 68 23 Т Mineral extraction tax 68 23 1 T Federal budget 68 23 1 1 Tax 68 23 1 11 Tax reassessment 68 23 1 2 Penalties 68 23 1 3 Fines 68 23 2 T Budget of the constituent entities of the Russian Federation 68 23 2 1 Tax 68 23 2 11 Tax reassessment 68 23 2 2 Penalties 68 23 2 3 Fines 68 23 3 T Local budget 68 23 3 1 Tax 68 23 3 11 Tax reassessment 68 23 3 2 Penalties 68 23 3 3 Fines 68 23 4 T Moscow budget 68 23 4 1 Tax 68 23 4 11 Tax reassessment 68 23 4 2 Penalties 68 23 4 3 Fines 68 24 T Transport tax 68 24 2 T Budget of the constituent entities of the Russian Federation 68 24 2 1 Tax 68 24 2 11 Tax reassessment 68 24 2 2 Penalties 68 24 2 3 Fines 68 24 3 T Local budget 68 24 3 1 Tax 68 24 3 11 Tax reassessment 68 24 3 2 Penalties 68 24 3 3 Fines 68 24 4 T Moscow budget 68 24 4 1 Tax 68 24 4 11 Tax reassessment 68 24 4 2 Penalties 68 24 4 3 Fines
276 68 33 T Dividend tax payable by foreign corporate entities
68 33 1 T Federal budget 68 33 1 1 Tax 68 33 1 11 Tax reassessment 68 33 1 2 Penalties 68 33 1 3 Fines 68 34 T Dividend tax payable by Russian corporate entities
68 34 1 T Federal budget 68 34 1 1 Tax 68 34 1 11 Tax reassessment 68 34 1 2 Penalties 68 34 1 3 Fines 68 35 T Profit tax on interest yield on state-owned and municipal securities 68 35 1 T Federal budget 68 35 1 1 Tax 68 35 1 11 Tax reassessment 68 35 1 2 Penalties 68 35 1 3 Fines 68 41 T State duty 68 41 1 T Federal budget 68 41 1 1 Tax
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 69 T Social insurance and benefits payable 69 01 T Unified social tax payable to the Social Insurance Fund 69 01 10 00 PRINCIPAL AMOUNT 69 01 20 00 Penalties 69 01 30 00 FINES 69 01 99 00 TECHNICAL ACCOUNT FOR BALANCE CARRYFORWARD 69 02 T Unified social tax payable to the federal budget 69 02 10 00 PRINCIPAL AMOUNT
277 69 02 20 00 Penalties 69 02 30 00 FINES 69 02 99 00 TECHNICAL ACCOUNT FOR BALANCE CARRYFORWARD 69 03 T UNIFIED SOCIAL TAX PAYABLE TO THE COMPULSORY MEDICAL INSURANCE FUND 69 03 1 T Payables to FCMIF 69 03 1 100 PRINCIPAL AMOUNT 69 03 1 200 Penalties 69 03 1 300 Fines 69 03 2 T Payables to TCMIF 69 03 2 100 PRINCIPAL AMOUNT 69 03 2 200 Penalties 69 03 2 300 FINES 69 03 99 00 TECHNICAL ACCOUNT FOR BALANCE CARRYFORWARD 69 04 Т Contributions payable to the Pension Fund (insurance component of the retirement pension) 69 04 10 00 PRINCIPAL AMOUNT 69 04 20 00 Penalties 69 04 30 00 FINES 69 04 99 00 Technical account for balance carryforward 69 05 Т Contributions payable to the Pension Fund (funded component of the retirement pension) 69 05 10 00 PRINCIPAL AMOUNT 69 05 20 00 Penalties 69 05 30 00 FINES 69 05 99 00 TECHNICAL ACCOUNT FOR BALANCE CARRYFORWARD 69 06 Т Insurance against industrial accidents and professional diseases payable
278 69 06 10 00 PRINCIPAL AMOUNT 69 06 20 00 Penalties 69 06 30 00 FINES 69 06 99 00 TECHNICAL ACCOUNT FOR BALANCE CARRYFORWARD 69 11 T Other payables 69 11 10 00 PRINCIPAL AMOUNT 69 11 20 00 Penalties 69 11 30 00 FINES
Control Account Subacco First-Level Description unt Analysis
70 T Labor compensation payable to personnel 70 1 T Labor compensation payable 70 1 1 Current payables 70 1 2 Past due payables 70 2 Labor compensation payable (supplementary pension) 70 3 Salary overpayments to employees 70 4 Payment of kopecks from the previous month 70 5 Excess business trip expenses subject to individual income tax
70 6 Monetary benefits and incentives not related to the manufacturing of products, performance of work, provision of services
Control Account Subacco First-Level Description unt Analysis
71 T Employee advances 71 1 T Employee advances denominated in rubles 71 1 1Т Payables for domestic business trips 71 1 111 Advance payments made 71 1 112 Reports on advance payments made 71 1 4Т Employee advances for economic needs 71 1 411 Advance payments made 71 1 412 Reports on advance payments made 71 2 Т Payables for foreign business trips 71 2 011 Advance payments made 71 2 012 Reports on advance payments made
279
71 3 Т Corporate plastic cards for entertainment expenses 71 3 011 Advance payments made 71 3 012 Reports on advance payments made
Control Account Subacco First-Level Description unt Analysis
73 T Accounts payable to personnel for other operations 73 1 T Loans payable 73 1 1 Education loans 73 1 2 Residential loans obtained 73 1 3 Loans obtained for other needs 73 1 5 Residential loans extended 73 1 6 Long-term loans extended for other needs (payable) 73 2 0 Financial damage reimbursement payable 73 3 0 Payables for goods sold on credit 73 4 0 Payables for special clothing 73 5 0 Fines and penalties payable by defaulters 73 6 T Payables for health and vacation vouchers 73 6 1 Vouchers payable using social insurance funds 73 6 2 Vouchers payable using the entity’s proprietary funds 73 7 T Employee insurance payable 73 7 1 Voluntary personal insurance agreements (health insurance)
73 7 2 Voluntary personal insurance agreements (against death or disability) 73 7 3 Long-term life insurance agreements, pension insurance and/or non- governmental retirement insurance 73 8 T Income payable 73 8 1 Dividend on ordinary shares 73 8 2 Dividend on preference shares 73 9 0 Accounts payable to personnel for other operations
Control Account Subacco First-Level Second- Description unt Analysis Level Analysis 75 T Accounts payable to founders 75 1 T Authorized capital contributions payable 75 1 1 Follow-on offering of shares 75 1 2 Other payables 75 2 T Income payable 75 2 1 T Income payable (with the exception of government stake) 75 2 1 1 Dividend on ordinary shares (corporate entities)
280 75 2 1 2 Dividend on preference shares (corporate entities) 75 2 1 3 Dividend on ordinary shares (individuals) 75 2 1 5 Dividend on preference shares (individuals) 75 2 2 T Yield on government stake payable 75 2 2 1 Dividend on ordinary shares 75 2 2 2 Dividend on preference shares
Control Account Subacc First-Level Second- Third-Level Fourth- Description ount Analysis Level Analysis Level Analysis Analysis 76 T Various accounts payable and receivable 76 1 T Short-term accounts payable 76 1 1 T Insurance payable 76 1 1 2 Т Payables to insurers 76 1 1 2 1 T Compulsory insurance payable 76 1 1 2 1 10 Property insurance 76 1 1 2 1 20 Personal insurance 76 1 1 2 2 T Voluntary insurance payable 76 1 1 2 2 10 Voluntary property insurance 76 1 1 2 2 20 Voluntary personal insurance (health insurance) 76 1 1 2 2 30 Voluntary personal insurance against death or disability
76 1 1 2 2 40 Long-term life insurance 76 1 1 2 3 00 Non-governmental retirement insurance payable 76 1 1 2 4 00 Other payables 76 1 1 2 5 00 Insurance indemnity payable 76 1 2 0 0 00 Settlements with respect to the sale of fixed assets and other assets 76 1 3 T Claims payable 76 1 3 1 0 00 Claims payable 76 1 3 3 0 00 Settlements with respect to penalties and fines recognized as payable 76 1 3 4 0 00 Other payables 76 1 3 6 0 00 Settlements with respect to penalties and fines judged as payable 76 1 4 T Income payable 76 1 4 2 0 00 Results under simple partnership agreement 76 1 4 3 0 00 Other settlements with respect to income payable 76 1 5 T Payables to R&D fund 76 1 5 1 0 00 Payables to R&D fund
281 76 1 6 0 0 00 Authorized capital contributions payable 76 1 8 T Deferred taxes 76 1 8 1 0 00 Value added tax (VAT) 76 1 8 4 0 00 Deferred corporate dividend tax 76 1 0 T Other payables 76 1 0 01 T Salary deductions 76 1 0 01 10 Alimony payable 76 1 0 01 20 Payables with respect to bank deposits 76 1 0 01 30 WITHHOLDINS TO NON- GOVERNMENTAL PENSION FUND 76 1 0 01 40 Other withholdings 76 1 0 02 00 Other payables with respect to cost reassignment 76 1 0 09 00 Settlements with respect to exercising the rights to use intellectual property 76 1 0 11 00 Payables for the apartments of outside individuals not employed by JSC IDGC Holding 76 1 0 12 00 Obtainment of visas and consular fees for external entities 76 1 0 19 00 Investments in other securities payable 76 1 0 20 00 Chernobyl-related benefits payable 76 1 0 21 00 Funds credited to the bank for purchasing currency 76 1 0 22 00 Unclarified sums 76 1 0 23 00 Deposited sums payable 76 1 0 24 00 Payables under equity participation agreements 76 1 0 25 Т Dividend payable 76 1 0 25 10 Dividend payable to JSC IDGC Holding 76 1 0 26 00 Payables under simple partnership agreements 76 1 0 28 00 Technical account for refund 76 1 0 30 00 Assignment of receivables 76 1 0 32 00 Payables for design and engineering 76 1 0 33 00 Erroneously credited cash 76 1 0 35 00 Issued notes payable 76 1 0 37 00 Other financial investments payable (with the exception of securities) 76 1 0 38 00 Expenses incurred in connection
282 with the provision of services under agency agreements 76 1 0 99 00 Other payables 76 2 0 00 00 VAT with regard to unpaid long- term accounts receivable 76 3 Т Advance payments made 76 3 0 00 00 Advance payments made 76 3 0 38 00 Short-term advance payments made in connection with the provision of services under agency agreements 76 4 T Short-term accounts receivable 76 4 1 Т Insurance receivable 76 4 1 2 Т Receivables from insurers 76 4 1 2 1 T Compulsory insurance receivable 76 4 1 2 1 10 Property insurance 76 4 1 2 1 20 Personal insurance 76 4 1 2 2 T Voluntary insurance receivable 76 4 1 2 2 10 Voluntary property insurance 76 4 1 2 2 20 Voluntary personal insurance (health insurance) 76 4 1 2 2 30 Voluntary personal insurance against death or disability 76 4 1 2 2 40 Long-term life insurance 76 4 1 2 3 00 Non-governmental retirement insurance receivable 76 4 1 2 4 00 Other receivables 76 4 1 2 5 00 Insurance indemnity payable 76 4 2 0 0 00 Settlements with respect to the sale of fixed assets and other assets 76 4 2 1 0 00 Settlements with respect to the sale of other property 76 4 2 2 0 00 Settlements with respect to the sale of property to individuals 76 4 3 1 0 00 Claims receivable 76 4 4 Т Income receivable 76 4 4 1 0 00 Dividend receivable 76 4 4 2 0 00 Results under simple partnership agreement 76 4 4 3 0 00 Other settlements with respect to income receivable 76 4 4 4 0 00 Interest on extended loans receivable 76 4 4 5 0 00 Interest on securities receivable 76 4 5 Т Receivables from R&D fund participants 76 4 5 1 0 00 Receivables from R&D fund 76 4 6 0 0 00 Authorized capital contributions
283 receivable 76 4 9 Т Interest on budget funds in use 76 4 9 40 00 Settlements with respect to interest received for the untimely refund of excess taxes received (collected) 76 4 0 02 00 Other receivables with respect to cost reassignment 76 4 0 09 00 Settlements with respect to exercising the rights to use intellectual property 76 4 0 11 00 Receivables for the apartments of outside individuals not employed by JSC IDGC Holding 76 4 0 12 00 Obtainment of visas and consular fees for external entities 76 4 0 19 00 Investments in other securities receivable 76 4 0 20 00 Chernobyl-related benefits receivable 76 4 0 21 00 Funds credited to the bank for purchasing currency 76 4 0 22 00 Unclarified sums 76 4 0 24 00 Receivables under equity participation agreements 76 4 0 25 Т Dividend receivable 76 4 0 25 10 Dividend receivable by JSC IDGC Holding 76 4 0 26 00 Receivables under simple partnership agreements 76 4 0 28 00 Technical account for refund 76 4 0 30 00 Assignment of receivables 76 4 0 32 00 Receivables for design and engineering (financing) 76 4 0 33 00 Erroneously debited cash 76 4 0 35 00 Issued notes receivable 76 4 0 36 00 RECEIVABLES IN THE TERMINATION OF EQUITY PARTICIPATION AGREEMENTS 76 4 0 37 00 Other financial investments receivable (with the exception of securities) 76 4 0 38 00 Short-term interest-free loans receivable
284 76 4 0 99 00 Other receivables 76 5 0 00 00 Long-term accounts receivable 76 5 1 00 00 Fines, penalties, interest receivable under enforcement orders 76 5 3 00 00 OTHER LONG-TERM ACCOUNTS RECEIVABLE 76 5 4 00 00 LONG-TERM ACCOUNTS RECEIVABLE FOR THE APARTMENTS OF OUTSIDE INDIVIDUALS 76 6 0 00 00 Advance payments received 76 6 3 50 00 Settlements with respect to penalties and fines judged as receivable 76 6 4 10 00 Dividend-related advance payments received
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 77 T Deferred tax liabilities 77 0 0 00 Deferred tax liabilities
Control Account SubaccouFirst-Level Description nt Analysis 79 T Intercompany settlements 79 1 60 Trust management-related settlements 79 2 60 Trust management-related settlements
Control Subacco First-Level Description Account unt Analysis
80 T Authorized capital 80 1 Т Authorized capital (ordinary shares) 80 1 5 Other 80 2 Т Authorized capital (preference shares) 80 2 5 Other
Control Account Subacco Аналитика Description unt 1-го 285 порядка 81 T Treasury shares 81 1 0 Ordinary treasury shares;
81 2 0 Preference treasury shares;
Control Account Subacco Аналитика Description unt 1-го порядка 82 T Reserve funds 82 1 Т Statutory reserve 82 1 5 Other 82 2 Т Reserve established in accordance with constitutive documents 82 2 5 Other
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 83 T Incremental capital 83 1 Т Revaluation reserve 83 1 5 Revaluation as of beginning of the reporting period 83 1 6 Other revaluation 83 2 Т Additional paid-in capital 83 2 6 Other additional paid-in capital
Control Subacco First-Level Second- Description Account unt Analysis Level Analysis 84 T Undistributed profit (uncovered loss) 84 1 Т Undistributed profit/loss of previous years 84 1 1 Balance change as of beginning of the year caused by changes in the accounting policy 84 1 2 Reorganization of enterprises and structural change 84 1 3 Changes resulting from audits 84 1 4 Profit and loss reformation 84 1 5 Other 84 7 Т Undistributed profit/loss of the reporting period 84 7 5 Undistributed profit/loss of the reporting period 84 01 Т Remuneration fund for members of the Board of
286 Directors, members of the Internal Audit Commission, members of committees under the Board of Directors 84 01 1 Remuneration fund accrued 84 01 2 Remuneration fund used
Control Subacco First-Level Second- Third-Level Account unt Analysis Level Analysis DESCRIPTION Analysis 86 T Special-purpose financing 86 1 T Proceeds from special-purpose financing
Control Account Subacco Description unt 90 T Sales 90 10 Sales revenue 90 21 Production cost (core operations) 90 22 Production cost (selling expenses) 90 23 Production cost (general expenses) 90 90 Profit/loss from sales 90 91 Technical account for profit/loss from sales
Control Account Subacco First- Second- Third- Fourth- Description unt Level Level Level Level Analysis Analysis Analysis Analysis 91 T Other income and expense 91 1 T Other income 91 1 1 T Accrued interest 91 1 1 2 T Accrued interest on notes and other securities 91 1 1 2 1 00 Short-term notes and other securities
91 1 1 2 2 00 Long-term notes and other securities 91 1 1 3 0 00 Accrued interest on bank cash balances 91 1 1 4 T Accrued interest on extended loans 91 1 1 4 1 00 Short-term advances 91 1 1 4 2 00 Long-term advances 91 1 1 5 T Other accrued interest 91 1 1 5 1 00 Short-term investments 91 1 1 5 2 00 Long-term investments 91 1 2 T Income from participation in other enterprises 91 1 2 2 0 00 Other income from participation in the authorized capital 91 1 2 3 0 00 Income from participation in joint operations 91 1 2 4 0 00 Income from the returned contribution in the
287 authorized capital of liquidated companies 91 1 3 T Other income 91 1 3 01 00 Income from the sale of fixed assets 91 1 3 02 T Income from the sale of securities 91 1 3 02 10 Income from the sale of securities traded in the organized market 91 1 3 02 20 Income from the sale of state-owned and municipal securities 91 1 3 02 30 Income from the sale of securities in repo transactions 91 1 3 02 40 Income from the sale of corporate securities not traded in the organized market 91 1 3 02 50 Income from the sale of treasury shares 91 1 3 03 T Income from the sale of currency 91 1 3 03 40 Income from the sale of currency 91 1 3 05 T Income from the sale of intangible assets 91 1 3 05 40 Income from the sale of other intangible assets 91 1 3 06 T Income from the sale of other assets 91 1 3 06 10 Income from the sale of inventories 91 1 3 06 20 Income from the sale of construction-in- progress assets 91 1 3 06 30 Income from the sale of rights to use intellectual property 91 1 3 06 40 Income from the sale of other assets 91 1 3 07 00 Income from lease 91 1 3 08 00 Additional income under agency agreements 91 1 3 09 00 Income from the purchase of currency 91 1 3 11 T Reduction of valuation reserves and contingent loss reserves 91 1 3 11 10 Reduction of reserve against the depreciation of financial investments 91 1 3 11 20 Reduction of reserve for doubtful accounts receivable 91 1 3 11 30 Reduction of reserve against the depreciation of inventories 91 1 3 11 40 Reduction of contingent loss reserve 91 1 3 12 T Other income 91 1 3 12 10 Granting of fee-based rights to use intellectual property (extra-budgetary R&D fund) 91 1 3 12 20 Coupon yield on the bonds owned by JSC IDGC Holding 91 1 3 12 50 Income in the form of difference between the value of contribution to joint operations and the value of assets received upon termination of joint operations 91 1 3 12 60 Income in the form of difference between the current market value of financial investments 288 as of the reporting date and the previous value of financial investments 91 1 3 12 70 Positive difference caused by the recording of non-current assets purchased for foreign currency in accounting books 91 1 4 T Other income 91 1 4 01 T Profit of previous years identified in the reporting period 91 1 4 01 50 Profit of previous years not included in taxable profit 91 1 4 02 T Income from fines, penalties and late charges recognized or judged as collectible 91 1 4 02 10 Income from fines recognized or judged as collectible under production agreements 91 1 4 02 20 Income from penalties and late charges recognized or judged as collectible under production agreements 91 1 4 02 30 Income from fines recognized or judged as collectible under non-production agreements 91 1 4 02 40 Income from penalties and late charges recognized or judged as collectible under non- production agreements 91 1 4 02 50 Income from penalties and fines under loan agreements 91 1 4 03 00 Income from reimbursement for losses caused by non-performance or improper performance of obligations 91 1 4 04 T Exchange rate differences 91 1 4 04 30 Positive exchange rate differences 91 1 4 04 40 Positive exchange rate differences caused by the recalculation of the value of assets and liabilities payable in rubles denominated in foreign currency 91 1 4 06 00 Differences from the revaluation of fixed assets (earlier reduced value offset by final valuation) 91 1 4 07 T Income from fixed asset write-off 91 1 4 07 10 Income from the recognition of tangible assets in fixed asset write-off 91 1 4 08 T Income from other property retirement 91 1 4 08 10 Income from the retirement of materials in construction-in-progress write-off 91 1 4 09 00 Income from the recognition of excess property resulting from inventory-taking 91 1 4 10 T Income from donated assets 91 1 4 10 10 Income from donated fixed assets 91 1 4 10 20 Income from donated intangible assets 91 1 4 10 30 Donated assets other than fixed assets and
289 intangible assets
91 1 4 11 T Income from accounts payable write-off 91 1 4 11 10 Income from the write-off of accounts payable to the budget 91 1 4 11 20 Income from the write-off of other accounts payable with the expired period of limitation 91 1 4 12 T Reduction of authorized capital accompanied by refusal to return the value of the corresponding portion of contribution to shareholders: 91 1 4 12 10 Reduction of authorized capital in accordance with the requirements of laws 91 1 4 12 20 Reduction of authorized capital as otherwise decided by the meeting of shareholders 91 1 4 14 T Other income 91 1 4 14 10 Interest received for the untimely refund of excess taxes received (charged) 91 1 4 14 20 Income from the received payment of earlier written-off accounts receivable 91 1 4 14 30 Other income 91 1 4 14 40 Income from trust management 91 2 T Other expense
91 2 1 Т Expense from the sale of property and property rights 91 2 1 10 Т Expense from the sale of fixed assets 91 2 1 10 10 Residual value of fixed assets other than apartments 91 2 1 10 19 Write-off of construction-in-progress assets and fixed assets in the authorized capital 91 2 1 10 20 Residual value of apartments and other residential property 91 2 1 10 50 Value of income from fixed assets other than apartments whose free use is granted under agreements 91 2 1 10 60 Expenses in connection with the storage of fixed assets sold by external entities 91 2 1 10 70 Expenses in connection with the maintenance of fixed assets sold by external entities 91 2 1 10 80 Expenses in connection with the transportation of fixed assets sold by external entities 91 2 1 10 90 Expenses in connection with the certification of fixed assets sold 91 2 1 1 100 Sums of commission fees and other similar expenses for work (services) performed (provided) by external entities in the sale of
290 fixed assets 91 2 1 1 110 Expenses in connection with payment for legal and information services provided by external entities in the sale of fixed assets 91 2 1 1 120 Expenses in connection with payment for advisory and other similar services provided by external entities in the sale of fixed assets 91 2 1 1 130 Notary public and/or private fee for the certification of documents on fixed assets sold 91 2 1 1 140 Expenses incurred by external entities in connection with the ongoing study (review) of market situation, collection and dissemination of information directly associated with the sale of fixed assets 91 2 1 1 150 Fees for the registration of rights to real property and land, transactions in the above- mentioned assets, fees for the provision of information concerning registered rights, fee for the services of duly authorized bodies and entities specializing in property appraisal, the preparation of documents on the cadastral and technical recording (inventory-taking) of real property 91 2 1 1 160 Expenses in connection with purchasing materials for packing fixed assets sold (materials used exclusively for sale) 91 2 1 1 170 Expenses in connection with purchasing materials for other pre-sale preparation of fixed assets sold (materials used exclusively for sale) 91 2 1 1 180 Other expenses incurred by external entities in the connection with the sale of fixed assets 91 2 1 2 Т Expenses incurred in the sale of other property 91 2 1 2 1 Т Expenses incurred in the sale of intangible assets
91 2 1 2 1 03 Residual value from the sale of other intangible assets 91 2 1 2 1 04 Value of income from donated intangible assets 91 2 1 2 1 05 Expenses in connection with the storage of intangible assets sold by external entities 91 2 1 2 1 06 Expenses in connection with the transportation of intangible assets sold by external entities 91 2 1 2 1 07 Expenses in connection with the certification of intangible assets sold
291 91 2 1 2 1 08 Sums of commission fees and other similar expenses for work (services) performed (provided) by external entities in the sale of intangible assets 91 2 1 2 1 09 Expenses in connection with payment for legal and information services provided by external entities in the sale of intangible assets 91 2 1 2 1 10 Expenses in connection with payment for advisory and other similar services provided by external entities in the sale of intangible assets 91 2 1 2 1 11 Notary public and/or private fee for the certification of documents on fixed assets sold 91 2 1 2 1 12 Expenses incurred by external entities in connection with the ongoing study (review) of market situation, collection and dissemination of information directly associated with the sale of intangible assets 91 2 1 2 1 13 Other expenses incurred by external entities in the connection with the sale of intangible assets 91 2 1 2 2 Т Expenses in connection with the sale of property rights
91 2 1 2 2 10 Cost of the sold right to claim as the sale of financial services 91 2 1 2 2 20 Cost of the sold right to claim prior to due date 91 2 1 2 2 30 Cost of the sold right to claim after due date 91 2 1 2 2 40 Other expenses directly associated with the sale of property rights 91 2 1 2 2 50 Cost of the sold right to claim arising out of agreements not related to the sale of goods (work, services) 91 2 1 2 3 Т Expenses in connection with the sale of other property 91 2 1 2 3 01 Purchasing price of inventories (with the exception of refundable taxes) 91 2 1 2 3 02 Value of construction-in-progress asset built using internal resources 91 2 1 2 3 03 Value of construction-in-progress asset built by a contractor 91 2 1 2 3 04 Value of mixed construction-in-progress asset 91 2 1 2 3 05 Purchasing price of construction-in-progress asset (with the exception of refundable taxes) 91 2 1 2 3 06 Purchasing price of equipment requiring installation (with the exception of refundable taxes)
292 91 2 1 2 3 07 Value of income from donated property 91 2 1 2 3 08 Expenses in connection with the storage of other property sold by external entities 91 2 1 2 3 09 Expenses in connection with the maintenance of other fixed assets sold by external entities 91 2 1 2 3 10 Expenses in connection with the transportation of other fixed assets sold by external entities 91 2 1 2 3 11 Expenses in connection with the certification of other fixed assets sold 91 2 1 2 3 12 Sums of commission fees and other similar expenses for work (services) performed (provided) by external entities in the sale of other property 91 2 1 2 3 13 Expenses in connection with payment for legal and information services provided by external entities in the sale of other property 91 2 1 2 3 14 Expenses in connection with payment for advisory and other similar services provided by external entities in the sale of other property 91 2 1 2 3 15 Notary public and/or private fee for the certification of documents on other property sold 91 2 1 2 3 16 Expenses incurred by external entities in connection with the ongoing study (review) of market situation, collection and dissemination of information directly associated with the sale of other property 91 2 1 2 3 17 Expenses in connection with purchasing materials used for packing and other pre-sale preparation of other property sold 91 2 1 2 3 18 Other expenses incurred by external entities in the connection with the sale of other property 91 2 1 2 3 19 Expenses incurred by external entities in the connection with the sale МПЗ 91 2 1 2 3 20 Cost of other property sold 91 2 1 3 Т Expenses in connection with the sale of securities 91 2 1 3 1 Т Expenses in connection with the sale of securities traded in the organized market 91 2 1 3 1 01 Cost of sold securities traded in the organized market (FIFO, per unit) 91 2 1 3 1 03 Purchasing price of securities traded in the organized market in repo transactions, including accrued interest (coupon) yield 91 2 1 3 1 04 Initially paid value of treasury shares traded in the organized market adjusted for change in
293 the quantity of shares resulting from the expansion of authorized capital 91 2 1 3 1 05 Sums by which par value exceeds the actual selling price of treasury shares traded in the organized market purchased from owners earlier 91 2 1 3 1 06 Sums of earlier accrued (accumulated) interest (coupon) yield on securities traded in the organized market 91 2 1 3 1 07 In the sale of mutual fund investment units: amount of reduction in the calculated value of investment units 91 2 1 3 1 08 Expenses in connection with payment for the services of professional participants in the organized securities market as part of their licensable activities 91 2 1 3 1 09 Expenses associated with the storage of securities traded in the organized market in their sale 91 2 1 3 1 10 Expenses in the form of payment for the delivery and transportation of securities traded in the organized market in their sale 91 2 1 3 1 11 Expenses in the form of guarantee deposits transferred to special funds established in accordance with the requirements of laws of the Russian Federation 91 2 1 3 1 12 Expenses in connection with payment for legal services provided by external entities in the sale of securities traded in the organized market 91 2 1 3 1 13 Expenses in connection with payment for advisory and other similar services provided by external entities in the sale of securities traded in the organized market 91 2 1 3 1 14 Expenses incurred by external entities in connection with the ongoing study (review) of market situation, collection and dissemination of information directly associated with the sale of securities traded in the organized market 91 2 1 3 1 15 Other expenses directly associated with the sale of securities traded in the organized market
91 2 1 3 2 Т Expenses incurred in the sale of securities not traded in the organized market 91 2 1 3 2 01 Cost of sold securities not traded in the
294 organized market (FIFO, per unit) 91 2 1 3 2 03 Purchasing price of securities not traded in the organized market in repo transactions, including accrued interest (coupon) yield 91 2 1 3 2 04 Initially paid value of treasury shares not traded in the organized market adjusted for change in the quantity of shares resulting from the expansion of authorized capital 91 2 1 3 2 05 Sums by which par value exceeds the actual selling price of treasury shares not traded in the organized market purchased from owners earlier 91 2 1 3 2 06 Sums of earlier accrued (accumulated) interest (coupon) yield on securities not traded in the organized market 91 2 1 3 2 07 In the sale of mutual fund investment units: amount of reduction in the calculated value of investment units 91 2 1 3 2 08 Expenses associated with the storage of securities not traded in the organized market in their sale 91 2 1 3 2 09 Expenses in the form of payment for the delivery and transportation of securities not traded in the organized market in their sale 91 2 1 3 2 10 Expenses in connection with payment for legal services provided by external entities in the sale of securities not traded in the organized market 91 2 1 3 2 11 Expenses in connection with payment for advisory and other similar services provided by external entities in the sale of securities not traded in the organized market 91 2 1 3 2 12 Expenses incurred by external entities in connection with the ongoing study (review) of market situation, collection and dissemination of information directly associated with the sale of securities not traded in the organized market 91 2 1 3 2 13 Other expenses directly associated with the sale of securities not traded in the organized market 91 2 2 T Other expenses 91 2 2 05 00 Expenses in the form of negative (positive) difference resulting from the deviation of the selling (purchasing) price of foreign currency from the official rate of the Central Bank of the Russian Federation as of the date of transfer of title to foreign currency
295 91 2 2 07 T Expenses associated with granting lease of property 91 2 2 07 00 Depreciation of property leased out 91 2 2 07 10 Rent for property leased out (sublease) 91 2 2 07 20 Other expenses associated with granting lease of property 91 2 2 08 00 Expenses in connection with organizing the issue of proprietary equity securities: - preparation of securities issue prospectus, - making or purchasing letterheads, - registration of securities, - expenses associated with managing proprietary securities, including expenses in connection with the services of registrar, depositary, paying agent for interest (dividend) payments, -expenses associated with register maintenance and the provision of information to shareholders in accordance with the laws of the Russian Federation, - other similar expenses 91 2 2 09 00 Expenses in connection with organizing the issue of proprietary debt securities: - preparation of securities issue prospectus, - making or purchasing letterheads, - registration of securities, - expenses associated with managing proprietary securities, including expenses in connection with the services of registrar, depositary, paying agent for interest (dividend) payments, -expenses associated with register maintenance and the provision of information to shareholders in accordance with the laws of the Russian Federation,
- OTHER SIMILAR EXPENSES 91 2 2 10 00 Expenses associated with the management of securities purchased by the taxpayer (with the exception of shares): - payment for the registrar's and depositary's services,
296 - expenses associated with the obtainment of information in accordance with the laws of the Russian Federation, - other similar expenses 91 2 2 11 00 Expenses in connection with holding the annual meeting of shareholders (participants, co-owners): - expenses associated with premise lease; - expenses associated with the preparation and dissemination of information necessary to hold meetings; - other expenses directly associated with holding the meeting 91 2 2 12 00 Expenses of trust manager: - in connection with the performance of trust agreement, - expenses associated with payments to trust manager, - other expenses associated with the performance of proprietary property trust agreement 91 2 2 13 00 Expenses of trust manager in connection with the performance of trust agreement – Expenses under third-party trust agreement 91 2 2 14 00 Expenses in connection with the services of banks, including services related to the installation and operation of systems of electronic workflow between the bank and clients, including telebanking systems 91 2 2 15 00 Deductions to valuation reserves and contingent loss reserves: reserve for doubtful accounts receivable 91 2 2 16 00 Deductions to valuation reserves and contingent loss reserves: reserve against the depreciation of investments in securities 91 2 2 17 00 Deductions to valuation reserves and contingent loss reserves: reserve against the depreciation of inventories 91 2 2 18 00 Deductions to valuation reserves and contingent loss reserves: contingent loss valuation reserves 91 2 2 20 00 Expenses associated with the suspension and re-entry of production facilities and units, including costs in connection with maintaining suspended production facilities and units 91 2 2 22 10 Loss from other asset write-off
297 91 2 2 22 20 Residual value and expenses associated with fixed asset write-off 91 2 2 22 30 Construction-in-progress write-off 91 2 2 22 40 Expenses in connection with payment for the services of external entities in fixed asset write-off 91 2 2 22 50 Loss from the write-off of earlier accrued (accumulated) interest (coupon) yield on securities 91 2 2 22 60 Transfer of property title to municipalities 91 2 2 22 70 Loss from inventory write-off 91 2 2 22 80 Write-off of the book value of liquidated companies 91 2 2 23 Т Losses of previous tax periods identified in the current reporting (tax) period 91 2 2 23 50 Loss of previous years not included in taxable profit 91 2 2 24 00 Expenses in the form of fines, penalties and/or other sanctions for the breach of contractual or debt obligations and expenses in connection with damage reimbursement recognized by the debtor or payable by the debtor pursuant to valid court judgment 91 2 2 25 00 EXPENSES IN CONNECTION WITH DAMAGE REIMBURSEMENT AND COMPENSATION FOR LOST PROFIT 91 2 2 27 00 Expenses in the form of negative exchange rate difference caused by the revaluation of property in the form of currency assets and claims (liabilities) denominated in foreign currency, including property related to bank accounts in foreign currency, in connection with changes in the official exchange rate of foreign currency to the Russian Federation ruble established by the Central Bank of the Russian Federation 91 2 2 27 10 Negative exchange rate differences caused by the recalculation of the value of assets and liabilities payable in rubles denominated in foreign currency 91 2 2 28 Т Litigation expenses: 91 2 2 28 10 Costs of litigation before arbitration court in connection with claims related to production 91 2 2 28 20 Costs of litigation before arbitration court in connection with claims unrelated to production 91 2 2 28 30 Costs of litigation before tribunal
298 91 2 2 28 40 Expenses in connection with enforcement proceeding (bailiff services, etc) 91 2 2 28 50 Other costs of litigation 91 2 2 29 00 Expenses in connection with inventory write- off based on inventory-taking – Expenses in the form of shortage of tangible assets in production, warehouses and retail outlets in the absence of defaulters as well as losses from theft whose authors are not identified 91 2 2 30 00 Expenses in connection with inventory write- off based on inventory-taking – Expenses in connection with inventory write-off above the rates of natural loss 91 2 2 31 00 Expenses in connection with the liquidation of decommissioned fixed assets, including the sums of depreciation not additionally accrued in accordance with the established useful life as well as expenses in connection with the liquidation of construction-in-progress assets and other property whose installation is not completed (expenses in connection with the dismantling, demolition and removal of dismantled property), subsoil protection and other similar work 91 2 2 33 00 Expenses in the form of deductions to the Russian Defense Sports and Techniques Organization entities for the accumulation and reallocation of funds for the purposes of ensuring training in accordance with the laws of the Russian Federation for citizens in military disciplines, military and patriotic education for youth, development of aviation, technical and applied military sports 91 2 2 34 00 Funds transferred for other charitable purposes 91 2 2 37 00 Expenses in connection with performing work related to mobilization training not refundable from the budget, including costs associated with maintaining partly utilized (used) facilities and units, yet necessary to implement the mobilization plan 91 2 2 38 00 Expenses in connection with operations involving the financial instruments of term transactions traded in the organized market, including: - sum of variation margin (i.e. sum of funds calculated by the trade institutor and paid (received) by participants in term
299 transactions in accordance with the rules established by trade institutors) payable by the taxpayer during the tax (reporting) period; - other sums payable during the tax (reporting) period in operations involving the financial instruments of term transactions traded in the organized market; - value of underlying asset transferred in transactions involving the underlying asset delivery; - other expenses associated with the execution of operations involving the financial instruments of term transactions traded in the organized market 91 2 2 39 00 Expenses in connection with operations involving the financial instruments of term transactions not traded in the organized market: - sums of funds payable in the reporting (tax) period by a participant in the operation involving the financial instrument of term transaction in its execution (completion) or calculated for the reporting period depending on changes in the price or other quantitative indicator characterizing the underlying asset for the period from the date of execution of the operation involving the financial instrument of term transaction to the date of completion of the operation involving the financial instrument of term transaction or for the reporting period; - other sums payable during the tax (reporting) period in operations involving the financial instruments of term transactions not traded in the organized market; - value of underlying asset transferred in transactions involving the underlying asset delivery; - other expenses associated with the execution
300 of operations involving the financial instruments of term transactions not traded in the organized market 91 2 2 43 00 Expenses associated with participation in joint operations (simple partnership): - expenses associated with the excess of book value of the property transferred under simple partnership agreement over the value specified in the agreement; - losses from joint operations; - expenses associated with returning property from joint operations in the form of negative difference between the value of property returned and the value for which this property was transferred earlier under simple partnership agreement 91 2 2 44 00 Expenses in connection with sporting and cultural events 91 2 2 45 00 Payments to the Board of Directors and the Internal Audit Commission provided for by the internal regulations of the entity 91 2 2 46 00 UST on payments to the Board of Directors and the Internal Audit Commission provided for by the internal regulations of the entity 91 2 2 47 00 Additional expenses under agency agreements 91 2 2 48 00 Expenses in connection with purchasing currency 91 2 2 49 00 Expenses in connection with selling currency 91 2 2 54 00 Discount in the placement of bonds of JSC IDGC Holding 91 2 2 55 00 Expenses in connection with the write-off of non-collectible accounts receivable with the expired period of limitation 91 2 2 56 00 Welfare assistance to non-staff employees of JSC IDGC Holding 91 2 2 57 00 Social payments (health care, food allowances, tours, pensions, funeral expenses, Chernobyl-related benefits) 91 2 2 58 00 Travel privilege for employees not provided for by technological production characteristics or employment contracts 91 2 2 59 00 Payment for tours, trips, subscriptions and other personal expenses of employees 91 2 2 60 00 Non-recurring bonuses on anniversary dates and other non-recurring bonuses to non-staff employees 91 2 2 61 00 State pension supplements payable to non-
301 staff employees 91 2 2 62 00 Expenses in connection with non-production equipment maintenance (depreciation deductions) 91 2 2 63 00 Losses from thefts and shortages 91 2 2 64 00 Seminars, meetings, competitions on power operations 91 2 2 66 00 Expenses in connection with paying apartment costs for employees 91 2 2 67 00 Expenses in connection with agreements executed under the industry restructuring program 91 2 2 69 00 Health service expenses 91 2 2 71 00 Expenses in connection with advertising agreements 91 2 2 72 00 Other expenses 91 2 2 73 00 Expenses in connection with flooded areas 91 2 2 74 00 Free special-purpose funds 91 2 2 75 00 Expenses in connection with health insurance for non-employees of JSC IDGC Holding 91 2 2 76 00 Deductions to valuation reserves and contingent loss reserves: reserve against the depreciation of deposits under simple partnership agreements 91 2 2 77 00 Deductions to valuation reserves and contingent loss reserves: reserve against the depreciation of investments 91 2 2 78 00 Deductions to valuation reserves and contingent loss reserves: reserve against the depreciation of extended loans 91 2 2 80 00 Depreciation deductions for intangible assets used for non-production needs 91 2 3 T Taxes and dues
91 2 3 09 00 Non-refundable VAT 91 2 3 12 00 VAT on donated services 91 2 3 14 00 Other taxes provided for by the applicable laws 91 2 3 15 00 VAT on donated property 91 2 4 T Interest payable
91 2 4 01 00 Interest on bank loans used for production needs 91 2 4 02 00 Interest on loans and advances used for non- production needs
91 2 4 04 00 Expenses in the form of interest on debt instruments of any type, including interest
302 accrued on securities and other instruments issued by the taxpayer 91 2 5 Т Other expenses 91 2 5 20 00 Expenses in the form of difference between the value of contribution to joint operations and the value of assets received upon termination of joint operations 91 2 5 30 00 Expenses in the form of difference between the current market value of financial investments as of the reporting date and the previous value of financial investments 91 2 5 40 00 Expenses in connection with writing off contributions to simple partnership 91 2 5 50 00 Expenses associated with granting free use of property and other services provided free of charge 91 2 5 70 00 Negative difference caused by the recording of non-current assets purchased for foreign currency in accounting books 91 2 6 Т Expenses associated with the activities of the Project Center for Completion of Reorganization of RAO UES of Russia and the Group for Organization of Activities of Infrastructural Entities of Wholesale Electricity and Capacity Market 91 2 6 10 T Financial expenses 91 2 6 10 01 Costs in connection with purchasing materials to be used in the activities of the Project Center 91 2 6 20 T Labor compensation expenses 91 2 6 20 01 Paid sums calculated using the remuneration rates and basic salaries in accordance with the forms and labor compensation systems adopted by the taxpayer 91 2 6 20 02 Incentives: bonuses for (systematic) performance 91 2 6 20 03 Compensation of part-time employees 91 2 6 20 04 Other types of payments to employees provided for by the employment and/or labor contract 91 2 6 20 05 Incentives: non-recurring performance bonuses 91 2 6 20 06 Expenses in connection with the compensation of employees during leave (scheduled and additional leaves) 91 2 6 20 07 Expenses in connection with temporary disability pay 91 2 6 20 08 Payments for unused leave to the employee
303 being dismissed 91 2 6 20 09 Other non-recurring incentives 91 2 6 20 10 Termination benefit 91 2 6 20 11 Other social benefits 91 2 6 20 12 Compensation agreed upon by the parties 91 2 6 20 13 Payments for the first two days of temporary disability 91 2 6 30 T Unified social tax 91 2 6 30 01 Unified social tax payable to the Social Insurance Fund of the Russian Federation 91 2 6 30 02 Unified social tax payable to the federal budget of the Russian Federation 91 2 6 30 03 Unified social tax payable to the Pension Fund of the Russian Federation (insurance component of the retirement pension) 91 2 6 30 04 Unified social tax payable to the Pension Fund of the Russian Federation (funded component of the retirement pension) 91 2 6 30 05 Unified social tax payable to the Federal Compulsory Medical Insurance Fund (FCMIF) 91 2 6 30 06 Unified social tax payable to the Territorial Compulsory Medical Insurance Fund (TCMIF) 91 2 6 40 T Other expenses 91 2 6 40 01 Expenses in connection with legal services related to the activities of the Project Center 91 2 6 40 02 Expenses in connection with advisory and other similar services related to the activities of the Project Center 91 2 6 40 03 Expenses in connection with payment for notary public services related to the activities of the Project Center 91 2 6 40 04 Expenses in connection with payment for auditing services related to the activities of the Project Center 91 2 6 40 05 Expenses in connection with payment for information services related to the activities of the Project Center 91 2 6 40 06 Compulsory social insurance against accidents and professional diseases 91 2 6 40 07 Stationery expenses (including report and documentation forms) 91 2 6 40 08 Expenses in connection with payment for communication and telephone services related to the activities of the Project Center 91 2 6 40 09 Transportation expenses (including transport rent) related to the activities of the Project
304 Center 91 2 6 40 10 Property rent related to the activities of the Project Center 91 2 6 40 11 Expenses in connection with maintenance related to the activities of the Project Center 91 2 6 40 12 Expenses in connection with payment for graphic, printing and binding work related to the activities of the Project Center 91 2 6 40 13 Other expenses associated with the activities of the Project Center 91 2 6 40 14 Expenses in connection with e-mail and information system services (SWIFT, Internet and other similar systems) related to the activities of the Project Center 91 2 6 40 15 Expenses in connection with mail, telegraph and other similar services related to the activities of the Project Center 91 2 6 40 16 Expenses in connection with loading and unloading operations related to the activities of the Project Center 91 2 6 40 17 Expenses in connection with household and practical needs related to the activities of the Project Center 91 2 6 40 18 Expenses in connection with private security services related to the activities of the Project Center
91 2 6 40 19 Expenses in connection with computer center services related to the activities of the Project Center 91 2 6 40 20 Entertainment expenses associated with the activities of the Project Center 91 2 6 40 21 Expenses in connection with the business trips of the Project Center employees 91 2 6 40 22 Expenses in connection with the foreign business trips of the Project Center employees 91 9 0 00 00 Profit/loss of other income and expense
Control Account Subacco First-Level Description unt Analysis 94 T Shortages and losses from the impairment of assets 94 1 T Missing (stolen) property 94 1 1 Fixed assets 94 1 2 Other 94 2 T Completely damaged property 94 2 1 Fixed assets 94 2 2 Other 305 94 3 T Partly damaged property 94 3 1 Fixed assets 94 3 2 Other
Control Account Subacco Description unt 96 T Reserve for future expense
Control Account Subacco Description unt 97 T Deferred expense 97 4 Deferred expense in connection with leaves 97 5 Deferred expense in connection with voluntary property insurance 97 6 Deferred expense in connection with voluntary health insurance for employees 97 7 Deferred expense in connection with information development 97 8 Other deferred expense 97 9 Deferred expense in connection with operations related to the retirement of property and other assets 97 91 Deferred expense in connection with operations involving securities 97 92 Deferred expense in connection with payments for issued notes 97 93 Deferred expense in connection with VAT assessment in the acquisition of shares in subsidiaries (dependent companies) 97 99 Deferred expense (technical account)
Control Account Subacco Description unt 98 T Deferred income 98 1 Deferred income 98 2 Rent 98 3 Non-repayable receipts 98 4 Donated fixed assets 98 5 Future debt proceeds from shortages identified for previous years
98 6 Difference between the sum collectible from defaulters and the book value of asset shortage
Control Account SubaccouFirst-Level Second- Description nt Analysis Level Analysis 99 T Profit and loss 99 1 Profit and loss by type of activity 99 2 Other income and expense balance 99 3 T Other income resulting from emergencies 306 99 3 1 Value of tangible assets remaining after the write-off of assets unsuitable for restoration and further use as a result of emergencies 99 3 2 Insurance indemnity sums 99 3 3 Other income resulting from emergencies 99 4 T Other expense resulting from emergencies 99 4 1 Losses not covered by insurance indemnity 99 4 3 Losses from the write-off of inventories unsuitable for restoration as a result of emergencies 99 4 4 Non-recurring emergency benefits to employees
99 4 5 Expenses in connection with a loss event 99 4 6 Other expenses resulting from emergencies 99 5 Current profit tax 99 5 1 Deferred tax liabilities 99 5 2 Profit tax and other similar dues for previous reporting periods 99 5 3 Income tax withheld in accordance with the laws of foreign countries 99 5 4 Deferred tax assets 99 6 Profit tax reassessments 99 7 T Fines and penalties related to taxes and other similar dues 99 7 1 T Tax penalties 99 7 1 1 Profit tax penalties 99 7 1 2 VAT penalties 99 7 1 3 PROPERTY TAX PENALTIES 99 7 1 6 Other tax penalties 99 7 1 7 Reassessed penalties payable 99 7 2 T Tax fines 99 7 2 1 Property tax fines 99 7 2 2 VAT fines 99 7 2 3 Property tax fines 99 7 2 6 Other tax fines 99 7 2 7 Reassessed fines payable 99 7 5 T Unified social tax penalties 99 7 5 1 Penalties related to the unified social tax payable to the Social Insurance Fund of the Russian Federation 99 7 5 2 PENALTIES RELATED TO UST PAYABLE TO THE FEDERAL BUDGET 99 7 5 3 Penalties related to the unified social tax payable as part of compulsory health insurance (FCMIF) 99 7 5 4 PENALTIES RELATED TO COMPULSORY 307 SOCIAL INSURANCE AGAINST INDUSTRIAL ACCIDENTS AND PROFESSIONAL DISEASES 99 7 5 5 Penalties related to the Pension Fund contributions (insurance component of the retirement pension) 99 7 5 6 Penalties related to the Pension Fund contributions (funded component of the retirement pension) 99 7 5 7 Penalties related to the unified social tax payable as part of compulsory health insurance (TCMIF) 99 7 6 T Fines related to unified social tax 99 7 6 1 Fines related to the unified social tax payable to the Social Insurance Fund of the Russian Federation 99 7 6 2 Fines related to the unified social tax payable to the Pension Fund of the Russian Federation 99 7 6 3 Fines related to the unified social tax payable as part of compulsory health insurance (FCMIF) 99 7 6 4 Fines related to compulsory social insurance against industrial accidents 99 7 6 5 Fines related to the Pension Fund contributions (insurance component of the retirement pension) 99 7 6 6 Fines related to the Pension Fund contributions (funded component of the retirement pension) 99 7 6 7 Fines related to the unified social tax payable as part of compulsory health insurance (TCMIF)
Control Account Description
Off-balance-sheet accounts 0001 Fixed assets leased 0002 Assets taken on lease (financial lease) 0003 Inventories accepted for custody 0004 Materials accepted for processing 0005 Goods accepted for commission 0006 Equipment accepted for installation 0007 Registered high-security forms 0008 Bad debt write-off 0009 Collateral securing obligations and payments received 0010 Collateral securing obligations and payments provided 0011 Residential property depreciation 0012 Depreciation of land improvement facilities and other similar assets 0013 Fixed assets leased out 0014 Fixed assets leased out (financial lease) 0015 Final appraisal of financial investments (additional shares received) 0016 Founder contributions to non-profit-making organizations 0017 Federally-owned property 0018 Depreciation of federally-owned assets
308 0019 Apartment depreciation 0020 Fixed assets valued at not more than 20,000 rubles
309 Section 2. Values of Company and Intercompany Settlements Segments
Company (Corporate Entities) 00101 JSC IDGC Holding Center 120 OAO Center of Settlements Optimization 153 OAO Aviaenergo Airline 133 OAO Research Institute for Energy Economics (OAO NIIEE) 140 OAO Krzhizhanovsky Power Engineering Institute (OAO ENIN) 142 OAO VNIPIenergoprom Association 154 OAO Special Design Bureau of Heat Power Engineering Equipment VTI (OAO SKB VTI) 170 OAO Zarubezhenergostroy 281 OAO UPS Engineering Center – Gidroproekt, Lengidroproekt, Teploelektroproekt, ORGRES Firm 395 OAO Interregional Distribution Grid Company of the Center 443 OAO Moscow Power Grid Management Company 503 OAO Moscow City Power Grid Company 504 OAO Moscow Heat Network Company 505 OAO Moscow United Electric Grid Company 662 OAO Interregional Distribution Grid Company of the Center and Volga Region 675 OAO Nedvizhimost of UPS Engineering Center 677 OAO Nedvizhimost of VNIPIenergoprom Northwest 033 OAO Lenenergo 038 OAO Yantarenergo 279 OAO Northwest Energy Engineering Center 394 OAO Interregional Distribution Grid Company of Northwest 595 OAO Northwest Energy Management Company 678 OAO Nedvizhimost of the Northwest Energy Engineering Center Volga 203 OAO Volga Region Energy Engineering Center 664 OAO Interregional Distribution Grid Company of Volga 672 OAO Nedvizhimost of the Volga Region Energy Engineering Center Urals 055 OAO Tyumenenergo 252 OAO Urals Energy Engineering Center 398 OAO Interregional Distribution Grid Company of the Urals 673 OAO Nedvizhimost of the Urals Energy Engineering Center South 066 OAO Ingushenergo 067 OAO Kabbalkenergo 069 OAO Karachayevo-Cherkesskenergo 070 OAO Kubanenergo
310 072 OAO Sevkavkazenergo 081 OAO Grozenergo 083 OAO ChirkeyGESstroy 129 OAO Nurenergo 258 OAO South Energy Engineering Center 422 OAO Dagestan Power Sales Company 444 OAO Kalmenergosbyt 645 OAO Interregional Distribution Grid Company of the North Caucasus 663 OAO Interregional Distribution Grid Company of South 674 OAO Nedvizhimost of the South EEC Siberia 233 OAO Siberian Energy Research and Development Center 237 OAO Sibenergosetproekt 426 OAO Interregional Distribution Grid Company of Siberia 560 OAO Tomsk Distribution Company 650 OAO Tyvaenergosbyt 676 OAO Nedvizhimost of the Siberian Energy Research and Development Center East 117 OAO Bureyagesstroy 210 OAO Dalselenergoproekt
311
Section 3. Values of Activity Type Segment
List of activity types Domestic market 0 Without reference to activity type Sale of purchased goods in the domestic market 17 Sale of other commercial products Sale of work and services in the domestic market (with the exception of lease) 30 Agency services 37 Other services 38 Participation in other entities (dividend) Services related to property lease in the domestic market 44 Plant lease 45 Other property lease
312 Section 4. Values of Cost Center Segment
Cost Center 000 Not broken down by cost center 001 IT and Telecommunications Department 002 Department for Process Control Systems (PCS) 003 Department for Administrative Support 004 Department for Business Planning 005 Department for Business and Tax Accounting 006 Department for Internal Audit 007 Investment Department 008 Department for Capital Construction 009 Department for Corporate Governance and Shareholder Relations 010 Department for Operations and Technology Management 011 Department for Future Development and Сonnection 012 Department for Interaction with Government Authorities, Public Organizations and Mass Media 013 Department for Organization of Operations, Maintenance and Repair 014 Department for Legal Support 015 Department for Tariff Setting 016 Department for Technical Audit 017 Department for Technical Development and Regulation 018 Department for Electricity Transportation and Customer Relationship 019 Department for Personnel Management 020 Department for Property Management 021 Finance Department 022 Department for Economic Security and Security Measures 023 Directorate for Office Administration 024 Directorate for Corporate Events 025 Directorate for Organizational Development 026 Directorate for Organization of Procurement Activities 027 Directorate for Emergency Prevention 028 Directorate for Production Control and Safety 029 Directorate for Consolidated Analytical Accounting 030 Directorate for Economic Planning and Budget 031 Treasury and Liquidity Management 032 Management 033 Secretariat of the Director General, External Relations and Protocol 034 Secretariat of the Management Board 035 Secretariat of the Board of Directors 036 Special Directorate 037 Strategy and Development Center 038 Security Group of the Project Center for Completion of Reorganization of RAO UES of Russia 039 Group for Legal Support for Completion of Reorganization of the Company of the Project Center for Completion of Reorganization of RAO UES of Russia 040 Group for Ownership Regulation of the Project Center for Completion of Reorganization of RAO UES of Russia 041 Group for Protection of Shareholder Rights During Reorganization of the Company of the Project Center for Completion of Reorganization of RAO UES of Russia 042 Administrative Group of the Project Center for Completion of Reorganization of RAO UES of Russia 043 Group for Preparation of Initial Statements of Target Companies and Final Statements of the Company of the Project Center for Completion of Reorganization of RAO UES of Russia 044 Group for Organization of Activities of Infrastructural Entities of Wholesale Electricity and Capacity Market 045 Project Center for Completion of Reorganization of RAO UES of Russia 313 549 Repair work in the Chechen Republic ZZZ Total
Section 5. Tax Segment Values
Tax 0 Not broken down 1 Reducing tax base 2 Not reducing tax base
Section 6. Industry Segment Values
Industry 00 Not broken down I. Production sector 1. Total fuel industry 01 1.1. Oil extraction industry 02 1.2. Refining industry 03 1.3. Gas industry 04 1.4. Coal industry 05 1.5. Other types of fuel 06 2. Ferrous metallurgy 07 3. Non-ferrous metallurgy 08 4. Chemicals and petrochemicals 09 5. Mechanical engineering and metalworking industry 10 6. Woodworking and timber industry 11 7. Industrial building materials 12 8. Light industry 13 9. Food industry 14 10.Other production segments 15 II. Agriculture 16 III. Forest management IV. Transport and communications 17 1. Railway transport 18 2. Oil pipeline transport 19 3. Gas pipeline transport 20 4. Communications 21 5. Other types of transport and communications 22 V Construction 23 VI Housing and public services 24 VII Households 25 VIII Other industries I. Total enterprises and organizations financed by the federal budget 26 1. Ministry of Defense 27 2. Ministry of Interior 28 3. Military-industrial complex
314 29 4. Research institutions 30 5. Ministry of Communications 31 6. Other II. Total enterprises and organizations financed by local budget 32 1. Health care and culture 33 2. Water supply and sewerage 34 3. Other III. Wholesale resellers 35 1. Wholesale resellers reporting to local administration 36 2. Wholesale resellers not reporting to local administration
315
Chart of Accounts Structure and Components
XXXXX SEGMENT 1 COMPANY List of values 1
XXXX ACCOUNT
SEGMENT 2 List of values 2 XXXX
XX SEGMENT 3 TYPE OF ACTIVITY List of values 3
XXX SEGMENT 4 COST CENTER List of values 4 XXXXX SEGMENT 5 INTERCOMPANY SETTLEMENTS List of values 5
X SEGMENT 6 TAX List of values 6
SEGMENT 7 List of values 7 XX INDUSTRY
XXXXX-XXXXXXXX-XX-XXX-XXXXX-Х-ХХ
26
316
Chart of Accounts Structure and Components
# SEGMENT Number of DESCRIPTION # Symbols
1 COMPANY 5 This segment will contain successively numbered corporate entities and their functions. This 5-symbol
segment will allow:
- Generating the balance sheet and income statement of each corporate entity -Consolidating based on segment values -Tracking intercompany transactions: identifying the company which is the source of operation. The recipient will be marked by the value of the intercompany settlements segment. - Using automatic elimination of intercompany transactions to generate the balance sheet and income statement -Viewing the details of each operation down to the source document
317
Chart of Accounts Structure and Components
SEGMENT Number of DESCRIPTION # Symbols
2 ACCOUNT 8 This is a natural account segment. It contains synthetic account and subaccount. The list of values for this segment will be the same for all entities of the holding company. The consolidation process will be based on this segment.
318
Chart of Accounts Structure and Components
SEGMENT Number of DESCRIPTION # SEGMENT Symbols DESCRIPTION
3 TYPE OF 2 This segment will be used for recording information related ACTIVITY to the types of activity. The list of values for this segment will contain the types of activity of all entities of the holding company. The advantage of this solution is that it allows tracking expenses/income/budgets for each type of activity throughout the holding company.
319
Chart of Accounts Structure and Components
# SEGMENT Number of DESCRIPTION # Symbols
4 COST 3 This segment contains the values of cost centers. Its CENTER values will vary among corporate entities and ledger sets. This segment will allow: - Checking whether cost center expenses comply with the budget (as of transaction entry into the system) - Analyzing profitability (for cost/profit centers) - Analyzing cost center information with regard to other segments (for example, type of activity costs with regard to a specific cost center) - Determining fixed assets for a specific cost center
320
Chart of Accounts Structure and Components
SEGMENT Number of DESCRIPTION # Symbols
5 INTERCOMPANY 5 This segment is intended for intercompany settlements. SETTLEMENTS The number of symbols for this segment will be the same as the number of symbols for the COMPANY segment. The combination of the COMPANY and INTERCOMPANY SETTLEMENTS segments will allow: - Tracking information about the intercompany transaction recipient. The sender will be recorded in the COMPANY segment. - Using the functionality of automatic elimination
- Approving transactions throughout the holding company.
321
Chart of Accounts Structure and Components
SEGMENT Number of DESCRIPTION # Symbols
6 TAX 1 This segment is intended for dividing expenses into those reducing and not reducing the tax base.
322
Chart of Accounts Structure and Components
SEGMENT Number of DESCRIPTION # SEGMENT Symbols DESCRIPTION
7 INDUSTRY 2 This segment is intended for the industry classification of debtors, which is necessary to prepare statements in accordance with international standards.
323
Appendix 4 to Order of JSC IDGC Holding No. 44 of September 5, 2008
APPROVED BY APPROVED BY Manager of the delivering entity (Full Name) Manager of the receiving entity (Full Name) Signature Signature DATE DATE Seal Seal Chief Accountant (Full Name) Chief Accountant (Full Name)
Receiving entity (name, address, bank account details) Delivering entity (name, address, bank account details) Ground for deed preparation (name, number, date)
DEED OF DELIVERY OF FIXED ASSETS IMMOVABLE PROPERTY NUMBER DATE
No. Type of Location Number of Date of OKOF Depreciation Commissioning Useful life, Replacement Accumulated Residual Selling Selling fixed of fixed state state (All- group date months/ value, rubles depreciation book price price assets assets registration registration Russian Rate of (wear) value, (exclusive (inclusive of rights of rights Classifier depreciation, rubles of VAT), of VAT), of Fixed % rubles rubles Assets) 1 2 3 4 5 6 7 8 9 10 11 12 13 14
including Total area, m2 Number of floors
324
Total construction volume, m3 including underground volume, m3
Area occupied by built-in, attached and combined premises, m2 TOTAL total total total total total
Total sum for column 14 (in words), including VAT amount at the existing rate (in words).
Delivered by (Full Name)
Received by (Full Name)
This Deed is subject to mandatory endorsement in accordance with Order No. 29 of January 25, 2005.
Chairman of the Commission: title signature full name
Members of the Commission title signature full name
title signature full name
title signature full name
title signature full name
325
Appendix 4 to Order of JSC IDGC Holding No. 44 of September 5, 2008
APPROVED BY APPROVED BY Manager of the delivering entity Manager of the receiving entity Signature Signature Full Name Full Name DATE DATE Seal Seal Chief Accountant Chief Accountant Signature Signature Full Name Full Name
Receiving entity (name, address, bank account details) Delivering entity (name, address, bank account details) Ground for deed preparation (name, number, date)
DEED OF DELIVERY OF FIXED ASSETS MOVABLE PROPERTY No. ___ dated___
No. Type of Location OKOF Depreciation Commissioning Useful life, Replacement Accumulated Residual Selling Selling fixed of fixed (All- group date months/ value, rubles depreciation book price price assets assets Russian Rate of (wear) value, (exclusive (inclusive Classifier depreciation, rubles of VAT), of VAT), of Fixed % rubles rubles Assets) 1 2 3 4 5 6 7 8 9 10 11 12 TOTAL total total total total total
326
Total sum for column 12 (in words), including VAT amount at the existing rate (in words).
Delivered by Signature Full Name
Received by Signature Full Name
This Deed is subject to mandatory endorsement in accordance with Order No. 29 of January 25, 2005.
Chairman of the Commission: title signature full name
Members of the Commission title signature full name
title signature full name
title signature full name
title signature full name
327