- 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
15. Investments and Financial Assets
Thousands of Russian Roubles, unless otherwise stated
| 31 December 2011 | 31 December 2010 | |
|---|---|---|
| Financial assets related to the employee benefit fund | 368,054 | 384,734 |
| Investments designated at fair value through profit and loss | 163,988 | 227,712 |
| Available-for-sale financial assets | 1,934 | 1,934 |
| 533,976 | 614,380 |
Investments designated at fair value through profit and loss represent investments in shares of JSC OGC-4 and other securities, which are listed on MICEX and RTS, recorded at fair market value (belong to Level 1 in the fair value hierarchy).
Financial assets related to employee benefit fund
Financial assets related to the employee benefit fund relate to the Group’s contributions accumulated in the solidary and employees’ individual pension accounts with the Non-State Pension Fund of Electric Power Industry (employee benefit fund). Subject to certain restrictions 80% of contributions to the employee benefit fund can be withdrawn at the discretion of the Group.
The Group’s exposure related to credit risks and impairment losses related to other investments and financial assets is disclosed in Note 28.
Return to Notes to the Consolidated Financial Statements for the year ended 31 December 2011