3. Statement of changes in equity for 2011


Company: IDGC of Centre
Type of activity: Electric power transmission
Business legal structure / Form of ownership: JSC
Measurement unit: thousand Rubles
Codes
Form under ARCMD0710003
Date (year, month, day)31122011
under ARCBO75720657
TIN6901067107
under ADCEA40.10.2
under ARCFI \ARCFO
4716
under ARCM384

3.1. Capital flow

Indicator Code Authorised capital Own stocks repurchased from shareholders The aditional capital The reserve capital Retained earnings (uncovered loss) Total
Capital stock for 31 December 2009 3100 4,221,794 (0) 33,269,936 108,245 3,076,534 40,676,509
For 2010
Capital increase - in total 3210 0
including
Net profit 3211 Х Х Х Х 5,248,320 5,248,320
Property revaluation 3212 Х Х Х 0
The incomes concerning directly on increase of the capital 3213 Х Х Х 0
Additional share issue 3214 Х Х 0
Increase in face-value of stocks 3215 Х Х Х Х
Reorganisation of the legal person 3216 0
Capital reduction - in total 3220 (0)
including
Loss 3221 Х Х Х Х (0)
Property revaluation 3222 Х Х Х (0)
The expenses concerning directly on capital reduction 3223 Х Х Х (0)
Reduction of face-value of stocks 3224 Х Х (0)
Reduction of quantity of stocks 3225 Х Х (0)
Reorganisation of the legal person 3226 (0)
Dividends 3227 Х Х Х Х (0)
Added capital change 3230 Х Х Х Х
Reserve capital change 3240 Х Х Х 66,239 (66,239) Х
Capital stock as of December, 31, 2010 3200 4,221,794 (0) 33,269,936 174,484 8,258,615 45,924,829
For 2011
Capital increase - in total 3310 0
including
Net profit 3311 Х Х Х Х 5,203,492 5,203,492
Property revaluation 3312 Х Х Х 0
The incomes concerning directly on increase of the capital 3313 Х Х Х 0
Additional share issue 3314 Х Х 0
Increase in face-value of stocks 3315 Х Х Х Х
Reorganisation of the legal person 3316 0
Capital reduction - in total 3320 (610,932) (610,932)
including
Loss 3321 Х Х Х Х (0)
Property revaluation 3322 Х Х Х (0)
The expenses concerning directly on capital reduction 3323 Х Х Х (0)
Reduction of face-value of stocks 3324 Х Х Х (0)
Reduction of quantity of stocks 3325 Х Х (0)
Reorganisation of the legal person 3326 (0)
Dividends 3327 Х Х Х Х (610,932) (610,932)
Added capital change 3330 Х Х Х Х
Reserve capital change 3340 Х Х Х 36,606 (36,606) Х
Capital stock for 31 December 2011 3300 4,221,794 (0) 33,269,936 211,090 12,814,569 50,517,389

3.2. Adjustments in connection with change of accounting policy and correction of errors

Indicator Code As of 31 December
2009		 Capital changes for 2010 As of 31 December
2010
At the expense of net profit At the expense of other factors
The capital - total




Before adjustments 3400 41,234,516 4,713,423 0 45,947,939
Adjustment in connection with:
Accounting policy change 3410 -558,007 534,897 0 -23,110
Correction of errors 3420 0 0 0 0
After adjustments 3500 40,676,509 5,248,320 0 45,924,829
including
Retained earnings (uncovered):
Before adjustments 3401 3,634,541 4,647,184 0 8,281,725
Adjustment in connection with:
Accounting policy change 3411 -558,007 534,897 0 -23,110
Correction of errors 3421 0 0 0 0
After adjustments 3501 3,076,534 5,182,081 0 8,258,615
Other articles of the capital, on which adjustments are performed: (Under articles)
Before adjustments 3402 37,599,975 66,239 37,666,214 0
Authorised capital 4,221,794 0 0 4,221,794
Own stocks repurchased from shareholders 0 0 0 0
Additional capital 33,269,936 0 0 3,3269,936
Reserve capital 108,245 66,239 0 174,484
Adjustment in connection with:
Accounting policy change 3412 0 0 0 0
Correction of errors 3422 0 0 0 0
After adjustments 3502 37,599,975 66,239 0 37,666,214

3.3. Net assets

Indicator Code As of 31 December
2011		 As of 31 December
2010		 As of 31 December
2009
Net assets 3600 50,518,257 45,925,877 40,677,757

3.4. Calculation of cost estimation of net assets of joint stock company

Indicator Line code the balance sheet As of 31 December 2011
 As of 31 December 2010 As of 31 December 2009
I. Assets
1. Intangible assets 1110 27,425 27,349 35,678
2. Results of researches and developments 1120 22,092 0 0
3. Fixed assets 1130 69,677,384 58,989,480 52,021,247
4. Profitable investments in material assets 1140 0 0 0
5. Long-term and short-term financial investments 1150+1240 1,492,489 1,347,116 145,551
6. Other non-current assets 1 1160+1170 1,074,749 1,317,286 1,419,677
7. Supplies 1210 1,512,187 1,506,910 1,502,414
8. The value-added tax on the acquired values 1220 76,933 29,356 54,789
9. Accounts receivable 2 1230 8,286,464 7,273,283 5,217,795
10. Money funds and money equivalents 1250 2,561,803 196,278 368,104
11. Other circulating assets 3 1260 376,677 377,232 324,115
12. Total the assets accepted to calculation (the sum of given points 1 - 11) 85,108,203 71,064,290 61,089,370
II. Liabilities
13. Long-term borrowed funds 1410 20,070,000 13,770,000 6,805,877
14. Deferred tax liabilities 1420 3,834,722 2,498,441 1,749,243
15. Estimated liabilities 1430+1540 1,776,871 773,390 835,045
16. Other long-term liabilities 1450 320,444 178,222 90,493
17. Short-term borrowed funds 1510 116,113 1,166,003 4,320,373
18. Accounts payable 4 1520 7,421,796 6,752,357 6,610,582
19. Other short-term liabilities 5 1550 0 0 0
20. Total the liabilities accepted to calculation (the sum of given points 13 - 19) 34,589,946 25,138,413 20,411,613
21. Joint stock company net assets value (total the assets accepted to calculation (line 12) minus total the liabilities accepted to calculation (line 20)) 50,518,257 45,925,877 40,677,757

1 Including size of the deferred tax assets.

2 Except for indebtedness of participants (founders) on instalments in authorised capital.

3 Except for actual costs under the redemption of own stocks from shareholders.

4 Including size of indebtedness to participants on payment of incomes.

5 In the data about size of other long-term and short-term liabilities the sums are shown of the created in the established order reserves in connection with contingent liabilities and with the activity termination.


General Director: D.O. Gudzhoyan
Chief accountant: M.V. Danilova
29 February 2012