 |
FINANCIAL STATEMENTS OF OAO RAO
"UES OF RUSSIA" FOR 2003
The information given below has been taken by the management of OAO RAO "UES of
Russia" from the complete set of financial statements under the Russian Accounting
Standards (RAS) audited by ZAO "KPMG". The Auditor's Report was prepared in
respect of the complete set of RAS financials and does not cover the abbreviated balance
sheet and income statement provided below.
Appendix 1.1. Balance Sheet of the Company
ABBREVIATED BALANCE SHEET
of OAO RAO "UES of Russia"
as at 31 December 2003, thousands of RUB
|
|
|
as at 1 January
2003 |
as at 31 December
2003 |
|
| ASSETS |
340,974,165 |
322,029,101 |
|
| Intangible assets |
- |
738 |
| Fixed assets |
47,718,408 |
31,806,086 |
| Construction in progress |
19,995,903 |
9,760,153 |
| Long-term financial investments |
210,845,334 |
218,034,763 |
| Deferred tax assets |
- |
- |
| Other non-current assets |
- |
- |
| Inventories |
1,266,571 |
653,054 |
| Value Added Tax on purchases |
2,301,556 |
1,686,087 |
| Accounts receivable (payments expected in over 12 months |
|
|
| after the reporting date) |
16,240,488 |
17,409,928 |
| Accounts receivable (payments expected within 12 months |
|
|
| after the reporting date) |
18,928,109 |
18,379,437 |
| Short-term financial investments |
18,137,674 |
20,052,364 |
| Cash and cash equivalents |
5,537,153 |
4,013,736 |
| Other current assets |
2,969 |
232,755 |
| Total assets |
340,974,165 |
322,029,101 |
|
| LIABILITIES AND EQUITY |
340,974,165 |
322,029,101 |
|
| Charter capital |
21, 558,452 |
21,558,452 |
| Treasury shares |
(176,396) |
(30) |
| Capital surplus |
127,270,871 |
121,335,873 |
| Capital reserve |
3,234,156 |
3,234,156 |
| Targeted funds |
- |
- |
| Undistributed profit (uncovered loss) |
118,493,914 |
147,019,130 |
| Long-term loans |
17,655,060 |
5,136,121 |
| Deferred tax liabilities |
347,979 |
438,435 |
| Other long-term liabilities |
7,943,655 |
6,566,632 |
| Short-term loans |
- |
- |
| Accounts payable |
44,331,672 |
16,542,410 |
| Payables to members (founders) on income payments |
94,122 |
53,598 |
| Deferred income |
220,680 |
76,804 |
| Provisions for future expenses and payments |
- |
62,720 |
| Other short-term liabilities |
- |
4,800 |
|
Appendix 1.2.The Company's Statement of
Income
Statement of Income of OAO RAO "UES of Russia", in
thousands of RUB
|
|
|
As at 1 January 2003 |
As at 31 December 2003 |
|
| Net profit from the sale of goods, products,
works, and services (less VAT, excises, and other mandatory payments) |
52,590,859 |
51,666,752 |
| Cost of goods, products, works, and services sold |
(16,948,049) |
(17,270,040) |
| Selling expenses |
(425,661) |
(277,253) |
| Administrative expenses |
(2,846,061) |
(3,306,535) |
| Gain (loss) on sales |
32,371,088 |
30,812,924 |
| Interest receivable |
444,180 |
1,102,250 |
| Interest payable |
(3,929,424) |
(830,908) |
| Income from participation in other organizations |
2,124,062 |
3,611,449 |
| Other operating income |
61,437,987 |
76,905,609 |
| Other operating expenses |
(62,528,349) |
(77,001,388) |
| Non-sale income |
17,117,221 |
1,113,535 |
| Non-sale expenses |
(2,341,948) |
(3,077,409) |
| Profit before taxes |
44,694,817 |
32,636,062 |
| Deferred tax assets |
- |
- |
| Deferred tax liabilities |
(347,979) |
(90,456) |
| Current profit tax |
(11,518 103) |
(7,989,876) |
| Other similar compulsory payments |
(1,788,714) |
23,642 |
| Profit tax and other similar mandatory payments |
(13,654,796) |
(8,056,690) |
| Profit on ordinary activities |
31,040,021 |
24,579,372 |
| Exceptional income |
66,296 |
44,023 |
| Exceptional expenses |
(27,442) |
(18,375) |
| Net profit (undistributed profit of reporting period) |
31,078 875 |
24,605,020 |
|
|
