Quarterly report Open Joint Stock Company “Interregional Distribution Grid Company of the South" Issuer’s code: 34956 - Е for quarter III, 2010 (стр. 17 )

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 “Grechko A. A. Agricultural Enterprise”, JSC 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 “Grechko A. A. Agricultural Enterprise”, JSC according to its accounts of the previous completed accounting period:
1.	Transactions were not closed

2. Transactions with municipal companies:

Item 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.	Transactions were not closed

Full company name: “Sokolovskoye Agricultural Enterprise”, Open Joint Stock Company

Short company name: “Sokolovskoye Agricultural Enterprise”, JSC

Location

32 Kurskaya st, village Sokolvo-Kunduychenskiy, Novoshakhtinsk, Russia, 346930

TIN:

PSRN:

Subsidiary: Yes

Affiliated company: Yes

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

Description the company’s main activity. The company’s importance for the Issuer’s activity:

Manufacturing, processing and selling of own agricultural products.

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

Structure of the company’s Board of Directors (supervisory board)

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 Vasilievich (chairman)	1974	0	0
Romek Ekaterina Georgievna	1975	0	0
Galkin Yuriy Aleksandrovich	1952	0	0
Negryoba Denis Vladimirovich	1976	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, %
Galkin Yuriy Aleksandrovich	1952	0	0

Structure of collegial executive authority of the company

Collegial executive authority is not stipulated

Data on Financial and Economic Activity of “Sokolovskoye Agricultural Enterprise”, JSC as of 30.09.2010

Assets value of “Sokolovskoye 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 “Sokolovskoye Agricultural Enterprise”, JSC

Name of Indicator	Indicator Value as of:
	30.09.2009	30.09.2010
Issuer’s net assets cost, thous. rbs
The cost of assets used related to the cost of fund and provision, %	8.6	5.6
Short-term liabilities related to capital and reserves, %	6.5	4.3
Payments covered as debts, %	69.3	29.4
The rate of overdue debts, %	3.3	0
Turnover of accounts receivable, times	9.2	18.9
Labor productivity, Rubles/person	209496
Amortization related to the volume of revenue, %	12	8.1
Leverage, %	8.6	5.6

Indicators of Profitability and Unprofitability

Name of Indicator	Indicator Value as of:
	30.09.2009	30
Proceeds, thous. rbs	28 282	38 340
Costs, thous. rbs	25 929	32 543
Clear profit, thous. rbs	18	489
Profit in gross	2 353	5 797
Return on equity, %	0.01	0.29
Net profit ratio, %	0.06	1.27
Product (sales) profitability, %	8.32	15.12
Turnover of capital	0.17	0.23
Uncovered loss cumulation for the accounting period, thous. rbs	0	0
Uncovered loss for the accounting period and Solvency ratio relation	0	0

Indicators of Company’s Liquidity:

Name of Indicator	30.09.2009	30.09.2010
Working capital, thous. rbs	51 615	56 963
Invariable assets index	0.69	0.66
Current liquidity quotient	6.15	9.23
Prompt liquidity quotient	0.30	0.75
Equity autonomy quotient	0.9	0.95

Data on accounts payable sum, thous. rbs

Name of accounts receivable	Payment date
30.09.2009	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	8 629	-	5 581	-
- including overdue	235	-	0	-
Accounts payable to the staff	1 043	-	1 118	-
- including overdue	0	-	0	-
Accounts payable to budget ant state non-budget funds	346	-	365	-
- including overdue	-	-	0	-
Credits	0	3 322	0	2 166
- including overdue	-	-	-	-
Loans total	-	-	162	-
- including overdue	-	-	-	-
- including bonded loans	-	-	-	-
- including overdue bonded loans	-	-	-	-
Other accounts payable	877	-	31	-
- including overdue	126	-		-
Total thous. rbs	10 895	3 322	7 257	2 166
- including overdue	361	-	-	-

Data on accounts receivable.