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ANNUAL REPORT 2011
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  • 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
    • Key Events 2011
    • Events Occurring after the Reporting Date
    • About the Company
      • Market review, situation within the industry
      • Power transmission and technological connection market
      • Summary description of the Company
  • Financial and Operating Results
    • Operating Results Review
      • Operating Results Review
      • Electric power transmission
      • Technological Connection
      • Other activities
      • Interaction with customers
    • RAS Financial Results Review
      • Profit and Loss Statement
      • Basic financial ratios
      • Debt load
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    • IFRS Financial Results Review
  • Development Strategy
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  • To Shareholders and Investors
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      • The Audit Commission
      • Remuneration of members of the management and control bodies
      • External auditors
  • Internal Control and Risk Management
    • The Internal Control System
    • Risk Management
  • Social Responsibility
    • Personnel
      • Manpower Policy
      • Personnel Structure
      • Training of Personnel
      • Skills Pool
      • Youth Outreach Concept
      • Social Policy
      • Organisation of health protection of the employees and improvement of occupational safety
    • Reliability and Emergency Forecast
    • Environmental Policy
  • Mass Media and Investor Relations
    • Mass Media Relations
    • Investor Relations
  • Appendixes
    • Statements in accordance with RAS
      • Auditor’s opinion
      • The Balance Sheet
      • The Profit and Loss Statement
      • Statement of changes in equity
      • Cash flow statement
      • Appendixes to Balance Sheet and Profit and Loss Statement
      • Explanatory Note
      • Final Report of the Auditing Committee
    • 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
      • Financial Results
      • Operating Results
      • Average Number of Staff
      • Investments
      • Property Complex
      • Participation in Other Organizations
    • 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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Home / Appendixes / Statements in accordance with IFRS / Notes to the Consolidated Financial Statements for the year ended 31 December 2011 / 8. Operating Expenses

8. Operating Expenses

Year ended
31 December 2011
Year ended
31 December 2010
Electricity transmission 17,010,116 16,813,340
Purchased electricity 15,295,151 13,032,523
Personnel costs (Note 9) 13,432,700 11,635,300
Depreciation and amortization 6,284,802 5,011,364
Raw materials and supplies 2,149,983 1,735,089
Rent 576,615 477,251
Electricity for own needs 481,654 441,100
Repairs, maintenance and installation services 467,218 533,581
Taxes other than income tax 348,930 337,303
Transportation costs 332,151 416,462
Security 272,384 214,618
Allowance for impairment of accounts receivable 477,586 272,690
Information services 187,485 221,586
Insurance 163,385 167,424
Consulting, legal and audit services 66,471 75,604
Telecommunication services 40,942 102,152
Bad debt written-off 21,237 6,120
Membership fee 6,413 9,140
Outsourcing services — 763,246
Other 3,447,554 1,836,897
61,062,777 54,102,790

Other operating expenses include expense for accrual of provision for litigations and claims of RUB 1,041,516 thousand (2010: RUB 34 670 thousand).

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

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