• 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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  • 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
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    • Electric power transmission
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    • 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
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  • 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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Explanatory Note

Explanatory Note for Financial Statements for 2011

1. Information on the Company	2. General rules of the accounting reporting
3. Accounting policy	4. The information on transactions in foreign currency
5. The information on inventories	6. The information on fixed assets
7. Events after the reporting date	8. The information on the contingencies of economic activities
9. The information on income	10. The information on expenses
11. The information on the affiliated parties	12. The information on segments
13. The information on intangible assets	14. The information on credits and loans
15. The information on calculation of profit tax	16. The information on financial investments
17. The information on participation in joint activity	18. The capital
19. Cash flow report	20. The other information

Appendixes to Explanatory Note

Appendix 1. Estimated Probability of the Outcome of Abortive Trials of the Company as of 1/1/2012

Appendix 2. Affiliated persons

Appendix 3. Data on remuneration amount for 12 months 2011

General Director:

D.O. Gudzhoyan

Chief accountant:

M.V. Danilova

29 February 2012