Quarterly Report "Interregional Distribution Grid Company of Centre", Joint-Stock Company Issuer’s code: 10214-A (стр. 36 )

Profit and loss statement

for 3 months of 2011

		Codes
Form No. 2 according to All-Russian Classifier of Management Documentation	0710002
	Date	March31, 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
Measurement unit thousand Rubles	according to All-Russian Classifier of Measurement Units	384
Location (Address) 4/2, Glukharev Lane, Moscow, 129090

Description	Indicator	Line code	For the reporting period	For the same period of the previous year
1	2	3	4	5
	Earnings	2110	19	15
2.1.	Cost of sales	2120
	Gross profit (loss)	2100	4	2
2.1.	Commercial expenses	2210	-	-
2.1.	Management expenses	2220	-	-
	Profit (loss) from sale	2200	3	2
	Profit from participation in other organisations	2310	-	-
	Interest receivable	2320	10 681	2 770
	Interest payable	2330	-	-
5.11.	Miscellaneous income	2340
5.11.	Miscellaneous expenses	2350	-	-
	Profit (loss) before taxation	2300	3	1
2.3.	Current profit tax	2410	-	-
2.3.	including permanent tax liabilities (assets)	2421	-	22 762
2.3.	Changefordeferredtaxliabilities	2430	-	-
2.3.	Change for deferred tax assets	2450		443
	Other	2460	1 912	-4 276
	Net profit (loss)	2400	2	1
5.1.1.	Reference:
5.3.1.	Earnings from the value adjustment of fixed assets not included in net income (loss) of the period	2510	-	-
3.2.	Earnings from other transactions not included in net income (loss) of the period	2520	-	-
	Aggregate fiscal earnings of the period	2500	2	1
2.2.	Basic earnings (loss) per share	2900	0.0672	0.0375
2.2.	Diluted earnings (loss) per share	2910	-	-

General Director D. O. Gudzhoyan

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

April 29, 2011

7.3. Summary accounting reporting of the issuer for the last completed fiscal year

It is not provided for the given reporting quarter

7.4. Data on the accounting policy of the issuer

APPROVED

by Order of IDGC of Centre, JSC

No. 98-ЦА dated from April 12, 2011

Accounting Policy

Statement

of IDGC of Centre, JSC

FOR 2011

PS BS9/02-02/2011

1.  Organizational and technical aspects of the accounting policy

This Statement is developed in compliance with the reqirements of the accounting and financial law of the Russian Federation.

Goals of the Statement:

·  to declare principal assumptions, requirements and approaches to organization and keeping of accounting in IDGC of Centre, JSC (hereinafter referred to as “the Compnay”);

·  to ensure reliability of prepared financial (accounting) statements;

·  to ensure formation of complete and reliable information on such subjects of tax accounting as income, expenses, property, property rights, liabilities and business transactions, which value appraisal determines the tax base of the current accounting (tax) period;

·  to provide internal and external users with the information to control accuracy of calculations, complete and prompt payment of taxes, including the Company’s organizational and industry characterictics, into the budget;

The following persons must be gorverned by this Accounting Policy Statement to perform their activity:

·  heads and employees of the divisions of the Company;

·  heads and employees of all structural subdivisions, services and divisions of the Company, who are responsible for the prompt submission of source documents and other accounting information to the accounting department;

·  heads and employees of all services and divisions, who are responsible for prompt and grounded development, review and submission of the reference data to subdivisions-performers (including accounting department);

·  employees of the accounting service, specialized organization which is

entrusted on the contract basis to keep accounting and responsible for prompt and qualitative performance of all kinds of accounting as well as preparation of all kinds of reliable accounting.

Other regulatory documents of the Company are not to contradict the provisions of these aspects of the accounting policy.

1.1.  Principles of organization and goals of accounting

1.1.1.  Responsibility for organization of the Company’s accounting, compliance with the law at settlement of business transactions lies on the Director of the Company.

1.1.2.  Functions of the Chief Accountant for accounting policy formation – keeping of accounting, signing and prompt submission of the reporting – are imposed on the Director for the Accounting Policy of the Company. Requirements of the Director for the Accounting Policy - chief accountant to document business transactions and reporting to the centralized accounting office of all required documents and information are required for all employees of the Company.

1.2.  Forms of source accounting documents and rules of document flow and accounting specifications of intra-organizational settlement

1.2.1.  Accounting records are made on the grounds of the source accounting documents, which register the fact of business transactions.

1.2.2.  The source accounting documents are reflected in the accounting record, if they are drawn up:

·  on a form contained in albums of unified pro-formas for source accounting documentation;

·  on a form approved by the Director of the Company or persons authorized by him, and are used after their registration as Appendix to this Statement. These forms of the source accounting documents should contain the following mandatory details:

name of the document;

date of the document;

name of the organization on behalf of which the document is drawn up;

description of the business transaction;