8. The information on the contingencies of economic activities

8.1. In 2011, the accrual of estimated liabilities for the unfinished trials is included in the notes to the accounting balance-sheet and in the profit and loss statement in table 5.7.1.

The abortive trials as of 31.12.2011, in which IDGC of Centre participates as a defendant, are specified in Appendix # 1.

8.2. The sum of cumulative obligations of IDGC of Centre from the provision given to the third parties, at the end date of 2009-2011 is included in the notes to the accounting balance-sheet and in the profit and loss statement in table 5.8.

As of 31.12.2011 the Company issued guarantees to third parties totaling 755,334 thousand rubles (seven hundred fifty-five million three hundred and thirty-four thousand rubles):

Breakdown of provisions and obligations, which have been given out to IDGC of Centre as of 31.12.2011:

Item # The Division name Type of
obligation
The beneficiary The sum, thousand rbl. Issue date Issue term Risk of execution of obligation The principal
1 Belgorodenergo The guarantee Belgorod Sberbank branch 8592 18,591 15.02.2008 18.02.2013 Low “Energy Leasing” CJSC
The guarantee Belgorod Sberbank branch 8592 7,485 22.02.2008 20.02.2013 Low “Energy Leasing” CJSC
The guarantee Belgorod Sberbank branch 8592 12,994

11.03.2008

06.03.2013

Low

“Energy Leasing” CJSC

The guarantee Belgorod Sberbank branch 8592 34,363 13.03.2008 08.03.2013 Low “Energy Leasing” CJSC
total 73 433 x x x
1 Executive Office of IDGC The guarantee JSCB “ROSBANK” (JSC) 681,901 28.10.2008 31.01.2014 Low “Energy Leasing” CJSC
total 755,334 x x x

The guarantee agreement # PR/348/08 from October 28, 2008 is concluded between IDGC of Centre (“Guarantor”) and JSCB “ROSBANK” (JSC) (“Creditor”) in provision of appropriate execution of obligations of Closed Joint-Stock Company “Energy Leasing” (“Borrower”) to the Creditor under Credit agreement # RK/170/08 from October 28, 2008. The indebtedness of the Borrower before the Creditor under the above-named credit agreement as of December 31, 2011 was 681,901 thousand rubles.

8.3. The information on contingent assets

Abortive trials as of 31.12.2011, in which IDGC of Centre participates as a claimant, are specified in Appendix # 1.

Return to Explanatory Note for Financial Statements for 2011