Quarterly report Open Joint Stock Company “Interregional Distribution Grid Company of the South" Issuer’s code: 34956 - Е for quarter III, 2010 (стр. 14 )

1.  Transactions within the Company and essential transactions:

No.	Number and date of the document	Transaction counterparty	Transaction price, rub.	Essential terms of transaction	Date and number of minutes of meeting of management body at which transaction was approved (in case of necessity)
1.1. With subsidiaries and associates of “IDGC of the South”, JSC
1.	Transactions were not closed
1.2. Members of management authorities of “Astrakhanelektrosetremont” with “IDGC of the South”, JSC:
1.	Transactions were not closed
1.3. With “IDGC of the South”, JSC or shareholders of “IDGC of the South”, JSC holding at least 5% of voting shares of “IDGC of the South”, JSC:
1	Transactions were not closed
1.4. Transactions (groups of interrelated transactions) size of obligations under which it is comprised 10 and more percent of balance cost of assets of JSC “Astrakhanelectrosetremont” as per data of its accounting report for the previous completed accounting period:
1.	Transactions were not closed

2.  Transactions with governmental (municipal) companies:

No	Number and date of the document	Contractor	Amount of transaction, rub.	Significant conditions of the transaction
1.	Transactions were not closed

Full company name:

in Russian: Открытое акционерное общество “Волгоградсетьремонт”;

in English: Open Joint Stock Company “Volgogradsetremont”

Short company name:

in Russian: ОАО “Волгоградсетьремонт”;

in English: “Volgogradsetremont”, JSC

Location

1a Granovitaya St., Volgograd, Russia, 400066

TIN:

PSRN:

Subsidiary: Yes

Affiliated company: Yes

Basis for company’s recognition as the Issuer’s subsidiary or affiliated company: Due to prevailing participation in the authorized capital of “Volgogradsetremont”, JSC “IDGC of the South”, JSC has a possibility to determine the decisions made by “Volgogradsetremont”, JSC

Stake held by the Issuer in the authorized capital of the company, %: 100

Percentage of ordinary shares of the company owned by the Issuer, %: 100

Stake held by the subsidiary in the authorized capital of the Issuer, %: 0

Percentage of ordinary shares of the Issuer owned by the subsidiary, %: 0

Company’s main activity description. The Company’s importance for the Issuer’s activity:

Activities on operation of the electric power grids and capital and routine maintenance of the equipment, transfer devices, buildings and facilities, modernization, reconstruction.

The Company has a right to fulfill other activities not prohibited by law.

Structure of the Company’s Board of Directors

Surname, name, patronymics	Year of birth	Stake of the person’s participation in the Issuer’s authorized capital, %	Stake of the Issuer’s ordinary shares held by the person, %
Sultanov Georgiy Akhmedovich (Chairman)	1954	0	0
Pronin Valentin Vladimirovich	1977	0	0
Brizhan Vitaliy Vasilievich	1974	0	0
Smirnov Sergey Ivanovich	1954	0	0
Serebryakov Konstantin Sergeevich	1981	0	0

Sole executive authority of the Company

Surname, name, patronymics	Year of birth	Stake of the person’s participation in the Issuer’s authorized capital, %	Stake of the Issuer’s ordinary shares held by the person, %
Pronin Valentin Vladimirovich	1977	0	0

Structure of collegiate executive authority of the Company: structure of collegiate executive authority is not stipulated

Data on Financial and Economic Activity of “Volgogradsetremont” JSC as of 30.09.2010

Assets value of “Volgogradsetremont”, JSC according to its accounts of the previous completed quarter (as of September 30, 2010) amounts 36 181 thous. rbs

Indicators of Financial and Economic Activity of “Volgogradsetremont”, JSC

Name of Indicator	Indicator Value as of:
	30.09.2009	30.09.2010
Issuer’s net assets cost, thous. rbs	34 055	33 403
Amount of funds attracted related to capital and reserves, %	9.27	8.3
Short-term liabilities related to capital and reserves, %	9.27	8.3
Payments covered as debts, %	-221.5	-
The rate of overdue debts, %	-	-
Turnover of accounts receivable, times	0,51	776
Labor productivity, Rubles/person	256.0	374
Amortization related to the volume of revenue, %	9.10	4.72
Leverage, %	-	-

Indicators of Profitability and Unprofitability

Name of Indicator	Indicator Value as of:
	30.09.2009	30.09.2010
Proceeds, thous. rbs	6 399	4 491
Costs, thous. rbs		-5 568
Clear profit, thous. rbs	-7 573	-1 436
Profit in gross	-7 057	-1 077
Return on equity, %	-22.24	-4.3
Net profit ratio, %	-118.35	-31.98
Product (sales) profitability, %	-110.28	-23.98
Turnover of capital	0.19	-
Uncovered loss cumulation for the accounting period, thous. rbs
Uncovered loss for the accounting date and Solvency ratio relation	-0.53	-0.52

Data on accounts payable sum, thous. rbs

Name of accounts receivable	Payment date
As of 30.09.2009	На 30.09.2010
Less than 1 year	More than 1 year	Les then 1 year	More then 1 year
Accounts payable to suppliers and contractors	2 383	-	2193
- including overdue	-	-	-	-
Accounts payable to the staff	323	-	116	-
- including overdue		-		-
Accounts payable to budget ant state non-budget funds	317	-	409	-
- including overdue	-	-	-	-
Credits	-	-	-	-
- including overdue	-	-	-	-
Loans total	-	-	-	-
- including overdue	-	-	-	-
- including bonded loans	-	-	-	-
- including overdue bonded loans	-	-	-	-
Other accounts payable	133	-	60	-
- including overdue	-	-	-	-
Total thous. rbs	3 156	-	2778	-
- including overdue		-	-	-

Data on accounts receivable, thous. rbs