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Rosseti North-West

October 30, 2009

According to the Russian Accounting Standards, revenue of IDGC of North-West is RUR 17.967 million for 9 months of the year 2009

The grid company’s sale revenue is RUR 829 million.

The company’s accrued revenue within the period from January to September 2009 is RUR 17,967 million including revenue from electric energy transmission which is 94.7%.

Sale revenue of IDGC of North-West revenue within the period from January to September 2009 is equal to RUR 829 million. Loan servicing (interests to pay) are equal to RUR 488 million.

Net loss of IDGC of North-West as the result of the period from January to September 2009 is RUR 79.131 million, in accordance with the Russian Accounting Standards (RAS).

The company considers seasonal character of its activities the main reason for negative dynamics. A year’s third quarter is always unprofitable for electric grids due to reduction in consumption and amount of electric energy transmission in the summer period as well. Major amount of works on realization of repair and investment programs falls at the same period as well.

 

 

 

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