Quarterly report Open Joint Stock Company “Interregional Distribution Grid Company of the South" Issuer’s code: 34956 - Е for quarter III, 2010 (стр. 15 )

Type of accounts receivable	Payment date
As of 30.09.2009	As of 30.09.2010
Less than 1 year	More than 1 year	Les then 1 year	More then 1 year
Customers’ receivables	10 362	-	10 730	-
Including overdue	-	-	-	-
Debts on bills receivable	-	-	-	-
Including overdue	-	-	-	-
Unpaid capital stock dues of participants	-	-	-	-
Including overdue	-	-	-	-
Receivables on advance payment	216	-	151	-
Including overdue	-	-	-	-
Other receivables	1 849	-	1 962	-
Including overdue	-	-	-	-
Total, thous. rbs	12 427	-	12 843	-
Including overdue	-	-	-	-

Indicators of Company’s Liquidity:

Name of Indicator	30.09.2009	30.09.2010
Net working capital, thous. rbs	16 152	14 362
Invariable assets index	0.53	0.53
Current liquidity quotient	6.12	1
Prompt liquidity quotient	6.05	10.8
Equity autonomy quotient	0.92	0.92

Quarterly Survey of Transactions Closed by “Volgogradsetremont”, JSC in the Third Quarter of 2010

1. Transactions within the Company and essential transactions:

No.	Number and date of the document	Transaction counterparty	Transaction price, RBS.	Essential terms of transaction	Date and number of minutes of management body of Company’s subsidiaries and associates meeting the transaction was approved at (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 “Volgogradsetremont” 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” holding at least 5% of voting shares :
1.	Transactions were not closed
1.4. Transactions (series of inter-related transactions) with amount of liabilities 10% and more of net assets value of “Volgogradsetremont” according to its accounts of the previous completed accounting period:
1.	Transactions were not closed

2.Transactions with municipal companies:

No.	Number and date of the document	Transaction counterparty	Transaction price, RBS	Essential terms of transaction
1.	Transactions were not closed

Full company name: “Agricultural Enterprise n. a. A. A. Grechko”, Open Joint Stock Company

Short company name: “Grechko A. A. Agricultural Enterprise”, JSC

Location

21 Teatralnaya st, village Kuibyshevo, Kuibyshevo district, Rostov region, Russia, 346940

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 “Grechko A. A. Agricultural Enterprise”, JSC, “IDGC of the South”, JSC has an possibility to determine the decisions made by “Grechko A. A. Agricultural Enterprise”, 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 follows. Description of the company’s importance for the Issuer’s activity:

Manufacturing, processing and selling of own agricultural products (crop production and livestock breeding).

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, %
Brizhan Vitaliy Basilievich (chairman)	1974	0	0
Tregubov Aleksandr Nikolaevich	1955	0	0
Kaplunov Nikolay Alekseevich	1959	0	0
Kuryshkin Konstantin Mikhailovich	1980	0	0
Fadeev Mikhail Yuryevich	1974	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, %
Kaplunov Nikolay Alekseevich	1959	0	0

Structure of collegial executive authority of the company

Collegial executive authority is not stipulated

Data on Financial and Economic Activity of “Grechko A. A. Agricultural Enterprise”, JSC as of 30.09.2010

Assets value of “Grechko A. A. Agricultural Enterprise”, JSC according to its accounts of the previous completed quarter (as of September 30, 2010) amounts thous. rbs

Indicators of Financial and Economic Activity of “Grechko A. A. Agricultural Enterprise”, JSC

Name of Indicator	Indicator Value as of:
	30.09.2009	30.09.2010
Issuer’s net assets cost, thous. rbs	79962	80979
The cost of assets used related to the cost of fund and provision, %	23.8	23.5
Short-term liabilities related to capital and reserves, %	23.8	23.5
Payments covered as debts, %	-10.6	1.09
The rate of overdue debts, %	0	11,66
Turnover of accounts receivable, times	8.8	5.5
Labor productivity, Rubles/person	157503	140712
Amortization related to the volume of revenue, %	4.3	6.07
Leverage, %	23.8	23.5

Indicators of Profitability and Unprofitability