| The information given has been taken by the
management of RAO "UES of Russia" from the complete set of Company's statutory
financial statements (accounts) for 2007 prepared in accordance with the RAS. The
Auditor's report in the previous section was issued for the complete set of the statutory
accounts (which are not included in full in this Annual Report) and does not apply with
respect to the abbreviated balance sheet and income statement (profit and loss account). The
abbreviated financial statements should be considered in conjunction with the complete set
of the audited statutory financial statements in accordance with the RAS.
The Company's statutory financial statements (accounts) for 2007 is prepared in
accordance with Regulation on the Accounting Policy approved by Order No. 967 of OAO RAO
"UES of Russia", dated 29 December 2006. The summary of the Company's accounting
policies are set forth in the Explanatory Notes to the statutory financial (accounting)
statements of the Company for 2007. Copies of these documents are available in RAO
"UES of Russia" or may be viewed on the corporate website at www.rao-ees.ru.
BALANCE SHEET OF OAO RAO “UES OF RUSSIA”, AS OF 31 DECEMBER 2007,
millions of RUB
| Indicator |
1 January 2007 |
31 December
2007 |
| ASSETS |
1,084,649 |
1,478,120 |
| Intangible
assets |
2 |
- |
| Fixed
assets |
1,253 |
543 |
| Construction
in progress |
5,061 |
2,706
|
| Income-bearing
investments in tangible assets |
529 |
74 |
| Long-term
financial investments |
1,024,626
|
1,271,851
|
| Deferred
tax assets |
- |
- |
| Other
non-current assets |
- |
- |
| Inventories |
507 |
961 |
| Value
Added Tax on goods purchased |
621 |
367 |
| Accounts
receivable (payment expected beyond 12 months of the reporting date) |
21,983 |
12,542
|
| Accounts
receivable (payments expected within 12 months of the reporting date) |
13,707 |
131,150
|
| Short-term
financial investments |
13,291 |
55,637
|
| Cash |
3,068 |
2,289
|
| Other current assets |
1 |
- |
| EQUITY AND LIABILITIES |
1,084,649 |
1,478,120 |
| Charter
capital |
21,558 |
21,558
|
| Treasury
shares repurchased from shareholders |
- |
(48,859)
|
| Additional
capital |
91,758 |
84,499
|
| Legal
reserve |
3,234 |
3,234
|
| Earmarked
funds |
- |
- |
| Retained
earnings of the previous years |
211,521 |
889,885
|
| Retained
earnings of the reporting year |
745,088 |
452,827
|
| Borrowings
and bank loans |
422 |
360 |
| Deferred
tax liabilities |
806 |
747 |
| Other
non-current liabilities |
160 |
35 |
| Borrowings
and bank loans |
7,727 |
22,052
|
| Accounts
payable |
1,901 |
48,391
|
| Income
payable to members (founders) |
137 |
112 |
| Income of
future periods |
337 |
275 |
| Reserves
for future expenses and payments |
- |
3,004
|
| Other
current liabilities |
- |
- |
INCOME STATEMENT OF OAO RAO "UES OF RUSSIA", millions of RUB
Indicator |
2006 |
2007 |
| Income from
and expenses on ordinary activities |
|
|
| Sales of
goods, products, works, and services (less VAT, excise duties, and similar compulsory
payments) |
40,297 |
29,131 |
| Cost of
goods, products, work, and services sold |
(563) |
(685) |
| Total revenue |
39,734 |
28,446 |
| Sales
expenses |
- |
- |
| General
business expenses |
(6,227) |
(11,112)
|
| Gross
profit from sales |
33,507 |
17,334
|
| Other income
and expenses |
|
|
| Interest
receivable |
1,081 |
2,715 |
| Interest
payable |
(276) |
(89) |
| Other income |
767,858 |
757,124 |
| Other
expenses |
(47,228) |
(255,800)
|
| Profit
before taxes |
754,942 |
521,284
|
| Income tax
and other similar compulsory payments |
(9,854) |
(68,457)
|
| Income
from operations |
745,088 |
452,827 |
| Net profit
(undistributed profit for the reporting period) |
745,088
|
452,827 |
|
 |
