- IDGC of Centre in 2011
- Financial and Operating Results
- Development Strategy
- Investments and Innovations
- To Shareholders and Investors
- Securities
- Dividends
- Share Capital
- Registrar
- Corporate Governance
- Corporate Governance
- Corporate Governance Rating
- Disclosure
- General Shareholders’ Meeting
- Board of Directors
- Corporate Secretary
- Committees under the Board of Directors
- The Chief Executive Officer
- The Management Board
- The Audit Commission
- Remuneration of members of the management and control bodies
- External auditors
- Internal Control and Risk Management
- Social Responsibility
- Mass Media and Investor Relations
- Appendixes
- Statements in accordance with RAS
- Statements in accordance with IFRS
- Independent Auditors’ Report
- Consolidated Statement of Comprehensive Income for the year ended 31 December 2011
- Consolidated Statement of Financial Position as at 31 December 2011
- Consolidated Statement of Cash Flows for the year ended 31 December 2011
- Consolidated Statement of Changes in Equity for the year ended 31 December 2011
- Notes to the Consolidated Financial Statements for the year ended 31 December 2011
- Explanation of separate indicators
- Report on Interregional distribution grid company of centre jsc, compliance with the code of corporate governance
- Information on Large Deals and Related Party Transactions Closed in 2011
Market review, situation within the industry
The power industry is one of the leading industries in the Russian economy; its share is approximately 10% of the country’s GDP. In connection with that, factors defining the economic state upon the whole have a substantial influence over the power industry:
- Oil price dynamics: according to the forecast of the Ministry of Economic Development, the level of prices for oil in 2012–2013 will amount to approximately USD 90—100/barrel);
- Producer Price Index: 4–5% growth rate per year is forecasted;
- Interest rates for attraction of credit funds: their increase in 2012 is possible against the background of external reduction.
Growth dynamics of the power industry is also defined by a number of specific factors listed below.
| Specific factors influencing the development of the power industry:Open the table |  Open the table |
IDGC of Centre, JSC is an operating company carrying out its activities at two main markets: the market of power transmission and distribution and the market of technological connection (connection of users to 0.4—110 kV voltage power grids).
The Company is one of 11 interregional grid companies of the Russian Federation grid complex, among which it is the 2nd for the revenue amount received from services rendering consisting in electric power transmission and holds about 67.8% of the power transmission market in kind in the regions of presence. The Company is operating in the territory of the Central Federal District.