Quarterly Report "Interregional Distribution Grid Company of Centre", Joint-Stock Company Issuer’s code: 10214-A (стр. 35 )

19.7.  The information about accounts receivable and payable

For the date of the statement approval reconciliation statements of accounts with counterparts were returned in full.

The account receivable structure is given in the table:

(Thousand rbl.)

Name	Line of the balance sheet	2009	2010
Accounts receivable including:	230 + 240	5	7
Accounts receivable (payments on which are expected more than in 12 months after the reporting date), including:	230	62 913	59 201
Buyers and customers	231	1 055	9 970
Down payment made	234	0	1538
Other debtors	235	61 858	47 693
Accounts receivable (payments on which are expected within 12 months after the reporting date), including:	240	5	7
Buyers and customers	241	4	5
Bills	242	0	0
Down payment made	245
Other debtors	246		1

The accounts payable structure is given in the table:

(Thousand rubles).

Name	Line of the balance sheet	2009	2010
Accounts payable including:	520+620	6	6
Accounts payable (payments on which are expected more than in 12 months after the reporting date), Including:	520	90 493
Suppliers and contractors	521	9 585	8 479
other	523	80 908
Accounts payable (payments on which are expected within 12 months after the reporting date), including:	620	6	6
Suppliers and contractors	621	3	3
Wages payable to the personnel (current)	624

Indebtedness to state and off-budget funds including:	625	45 320	14 504
Pension fund of the Russian Federation	62501	34 961	10 054
Obligatory Health Insurance Fund	62502	7 448	3 357
Social insurance fund	62503	2 881	1 093
Tax liabilities to the budget	626
Federal budget	62601		57 106
Budget of regions of the Russian Federation	62602	52 803	55 179
Local budgets	62603	11 668	12 206
Advances received	627	1	2
Other creditors	628

By results of inventory as of 31.12.2010 the doubtful debt receivable in the amount of 1 thousand roubles was revealed on which the reserve on doubtful debts was created. The remainder of not used reserve on the doubtful debts, created as of 31.12.2009 in the amount of 1 thousand roubles was recovered.

19.8.  Information disclosure according to Federal law #261 from 23.11.09 «About energy saving and increase of energy efficiency and modification of some legislative acts of the Russian Federation»

In the course of economic activities IDGC of Centre consumes for its economic activitiess electric power and heat/energy. In 2010 it consumed electric power for the sum of thousand rbl., heat/energy for the sum ofthousand rbl. for its own needs.

Deputy General Director

for Economy andFinance E. A.Bronnikov

Chief accountant S. Y. Puzenko

AUDITOR’S OPINION

to shareholders of IDGC of Centre, Joint-Stock Company of accounting (financial) statements of Interregional Distribution Grid Company of Centre, Joint-Stock Company following the results of 2010

AUDITOR’S OPINION

to shareholders of IDGC of Centre, Joint-Stock Company of accounting (financial) statements of Interregional Distribution Grid Company of Centre, Joint-Stock Company following the results of 2010

Audited entity - IDGC of Centre, JSC

Registered in the Uniform State Register of Legal Entities on 17.12.2004 under Primary State Registration Number (license series 69 # ).

Location: 4/2, Glukharev Lane, Moscow.

Auditor – ZAO BDO, registered with the Inspectorate of the Ministry of Taxes and Levies of the Russian Federation number 26 for the Southern Administrative District of Moscow.

License series 77 # of registration in the Uniform State Register of Legal Entities on 29.01.2003 under Primary State Registration Number .

License series 77 # of registration in the Uniform State Register of Legal Entities on 20.01.2010 under Primary State Registration Number .

Location: Moscow, Varshavskoye shosse 125, building 1, section 11

Telephone: (4

Tel./Fax: (4

E-mail: *****@***ru

Web: www. *****

General Manager - Andrey Yurievich Dubinsky

ZAO BDO is an independent national auditing firm, part of international network of BDO.

ZAO BDO is a member of the professional audit association Non-profit partnership "Russian Chamber of Auditors", the main registration number of records in the state register of auditors and audit firms . NP "RCA" was entered in the state register of self-regulatory organizations of auditors under number 1 in accordance with order #455 of the Ministry of Finance of Russia from 01.10.2009.

The auditor's report is authorized to be signed by its partner Smirnov Victor Mikhailovich on the basis of authorization # 18-01/2011 BDO from 01.01.2011.

We have audited the attached financial statements of IDGC of Center, consisting of the balance sheet as of December 31, 2010, the profit and loss account, statement of changes in equity and statement of cash flow, appendix to the balance sheet and explanatory note for 2010.

Financial statements for the period from 01 January to 31 December 2009 inclusive were checked by the audit company "HLB Vneshaudit", the opinion of which from 27/02/2010 expressed unmodified opinion on these financial statements with a paragraph that attracts attention to the fact that, in accordance with the accounting policies of IDGC of Center regarding the disposal of the Company's borrowings, the repayment period which under the terms of the loan agreement or loan exceeds 12 months are included in long-term debt prior to the expiration of that period. The value of debt obligations for such loans and credits, as reflected in the long-term debt (line 510 of the balance sheet) maturing within 12 months after the reporting date, reached 5 thousand rubles by December 31, 2009.

Responsibility of the audited entity for the financial statements

Responsibility for compiling and authenticity of the financial statements in accordance with the laws of the Russian Federation in the preparation of financial statements and for the internal control necessary to produce financial statements free of material misstatement due to fraud and error is held upon:

Chief Executive - - Makarov Evgeny Fedorovich, General Director

from 01 January to 17 December 2010;

Gudzhoyan Dmitry Olegovich, Acting General Director

from 18 December 2010 to 03 February 2011;
Gudzhoyan Dmitry Olegovich, General Director
from 04 February 2011 - current;
Chief Accountant - Puzenko Svetlana Yurievna.

Evgeny Alexeevich Bronnikov, Deputy General Director for Economy and Finance of IDGC of Center, is authorized to sign the financial statements, acting under Power of Attorney # Д-ЦА/241 from14.12.2009.

Auditor's Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with federal auditing standards. These standards require that we comply with relevant ethical requirements as well as planning and performing of the audit to obtain reasonable assurance that the financial statements are free of material misstatement.

The audit involved performing audit procedures to obtain audit evidence supporting the values in the accounting and the information disclosure that it contains. The choice of audit procedures is the subject of our judgments, which is based on assessment of the risk of material misstatement, whether due to fraud or error. In assessing this risk, we considered the system of internal control, providing drafting and reliability of financial statements in order to select appropriate audit procedures, but not for the purpose of expressing an opinion on the effectiveness of the internal control system.

The audit also included assessing appropriateness of accounting policies used and the reasonableness of estimates made by the management of the audited entity as well as evaluating the overall financial statements.

We believe that the audit evidence obtained during the audit provides a reasonable basis for expressing an opinion on financial statements.

Opinion

In our opinion, the financial statements present fairly, in all material respects, the financial position of IDGC of Center as of December 31, 2010, the results of its financial performance and cash flows for the year 2010 in accordance with the laws of the Russian Federation in the preparation of the accounting reporting.

Important facts

Without changing the opinion about the reliability of the financial statements, we draw attention to the following information contained in paragraph 14.1 of the Explanatory Note to the financial statements of the Company: in the long-term debt, loans on 01.01.2010 and 31.12.2010 the debt is reflected, which is to be repaid in accordance with agreement terms within 12 months after the reporting date in the amount of 5 536 410 rubles and 1 166 003 thousand rubles respectively.

ZAOBDO
Partner V. M. Smirnov

March 1, 2011

7.2. Quarter accounting reporting of the issuer for the last completed reporting quarter

Form:Order N 66ndated from 02.07.2010

Balance sheet
for 3 months of 2011

		Codes
Form No. 1 according to All-Russian Classifier of Management Documentation	0710001
	Date	March 31, 2011
Organisation Interregional Distribution Grid Company of Centre, Joint-Stock Company	according to All-Russian Classifier of Businesses and Organisations
Id. tax payer number	Id. tax-payer number
Type of activity	according to All-Russian Classifier of Economic Activities	40.10.2
Business legal structure / Form of ownership Joint-Stock Company	according to All-Russian Classifier of Legal Structures of Businesses / All-Russian Classifier of Forms of Ownership	47/16
Measurement unit thousand Rubles	according to All-Russian Classifier of Measurement Units	384
Location (Address) 4/2, Glukharev Lane, Moscow, 129090

Description	ASSETS	Line code	For the reporting date	For the end of the reporting period	For theendof the previous period of the reporting one
1	2	3	4	5	6
	I. Non-current assets
	Intangible assets	1110	26 272	27 349	35 678
	Fixed assets	1120	-	-	-
	Construction in progress	1130	59	58	51
	Profitable investments in tangible assets	1140	-	-	-
	Financial investments	1150	1	1
	Deferred tax assets	1160
	Other non-current assets	1170	1	1	1
	Total for the section I	1100	61	61	53
	II. Current assets
	Supply	1210	1	1	1
	Value added tax according to purchased valuables	1220	17 836	29 356	54 789
	Accounts receivable	1230	8	7	5
	Financial investments	1240	2	-	-
	Monetary funds	1250
	Other currents assets	1260	1 110	1 110	2 766
	Total for the section II	1200	12	9	7
	Balance(assets)	1600	74	71	61

Description	Liabilities	Line code	For the reporting date	For the end of the reporting period	For theendof the previous period of the reporting one
1	2	3	4	5	6
	III. Capital and reserves
	Authorized capital (share capital, charter fund, contributions of limited partners)	1310	4	4	7
	Authorized capital	1320	-	-	-
	Own shares bought out from shareholders	1340	-	-	-
	Additionalcapital (without value adjustment)	1350	33	33	33
	Reserve capital	1360
	Undistributed profits (unrecovered loss)	1370	11	8	3
	Total for the sectionIII	1300	48	45	41
	IV. Long-term liabilities
	Borrowed assets	1410	13	14	10
	Deferred tax liabilities	1420	2	2	1
	Contingency reserve provision under contingent liability	1430
	Other liabilities	1450			90 493
	Total for the section IV	1400	16	17	12
	V. Short-term liabilities
	Borrowed assets	1510		-
	Accounts payable	1520	7	6	6
	Deferred income	1530	48 546	49 289	50 732
	Reserves of future expenses	1540			-
	Other liabilities	1550	-	-	-
	Total for the section V	1500	9	7	7
	Balance(liabilities)	1700	74	71	61

General Director D. O. Gudzhoyan

Director for Accounting Policy - Chief accountant S. Yu. Puzenko

April 29, 2011