8. The information on the contingencies of economic activities
8.1. In 2011, the accrual of estimated liabilities for the unfinished trials is included in the notes to the accounting balance-sheet and in the profit and loss statement in table 5.7.1.
The abortive trials as of 31.12.2011, in which IDGC of Centre participates as a defendant, are specified in Appendix № 1.
8.2. The sum of cumulative obligations of IDGC of Centre from the provision given to the third parties, at the end date of
As of 31.12.2011 the Company issued guarantees to third parties totaling 755,334 thousand rubles (seven hundred fifty-five million three hundred and thirty-four thousand rubles):
Breakdown of provisions and obligations, which have been given out to IDGC of Centre as of 31.12.2011:
| Item № | The Division name | Type of obligation |
The beneficiary | The sum, thousand rbl. | Issue date | Issue term | Risk of execution of obligation | The principal |
|---|---|---|---|---|---|---|---|---|
| 1 | Belgorodenergo | Belgorod Sberbank branch 8592 | 18,591 | 15.02.2008 | 18.02.2013 | Low | ||
| The guarantee | Belgorod Sberbank branch 8592 | 7,485 | 22.02.2008 | 20.02.2013 | Low | “Energy Leasing” CJSC | ||
| The guarantee | Belgorod Sberbank branch 8592 | 12,994 |
11.03.2008 |
06.03.2013 |
Low |
“Energy Leasing” CJSC |
||
| The guarantee | Belgorod Sberbank branch 8592 | 34,363 | 13.03.2008 | 08.03.2013 | Low | “Energy Leasing” CJSC | ||
| total | 73 433 | x | x | x | ||||
| 1 | Executive Office of IDGC | The guarantee | JSCB “ROSBANK” (JSC) | 681,901 | 28.10.2008 | 31.01.2014 | Low | “Energy Leasing” CJSC |
| total | 755,334 | x | x | x | ||||
The guarantee agreement № PR/348/08 from October 28, 2008 is concluded between IDGC of Centre (“Guarantor”) and JSCB “ROSBANK” (JSC) (“Creditor”) in provision of appropriate execution of obligations of Closed Joint-Stock Company “Energy Leasing” (“Borrower”) to the Creditor under Credit agreement № RK/170/08 from October 28, 2008. The indebtedness of the Borrower before the Creditor under the above-named credit agreement as of December 31, 2011 was 681,901 thousand rubles.
8.3. The information on contingent assets
Abortive trials as of 31.12.2011, in which IDGC of Centre participates as a claimant, are specified in Appendix № 1.