• IDGC of Centre in 2011
  • Limitation of liability
  • Address of the Chairman of the Board of Directors to Shareholders and Investors
  • Address of the General Director to Shareholders and Investors
  • Key Indicators
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    • Independent Auditors’ Report
    • Consolidated Statement of Comprehensive Income for the year ended 31 December 2011
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    • Notes to the Consolidated Financial Statements for the year ended 31 December 2011
  • Explanation of separate indicators
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  • 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

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23. Finance Lease

The finance lease liabilities are secured by the leased assets.

The Group leases production equipment and transportation vehicles under a number of finance lease agreements. Finance lease liabilities are payable as follows:

	At 31 December 2011
	Future minimum lease payments	Present value of minimum lease payments	Interest
Less than one year	653,506	466,376	187,130
Between one and five years	470,798	400,360	70,438
	1,124,304	866,736	257,568

	At 31 December 2010
	Future minimum lease payments	Present value of minimum lease payments	Interest
Less than one year	902,489	580,984	321,505
Between one and five years	1,124,304	866,735	257,569
	2,026,793	1,447,719	579,074

Return to Notes to the Consolidated Financial Statements for the year ended 31 December 2011