OJSC «MOESK» publishes its consolidated financial statements over the first half-year 2009 prepared in accordance with the International Financial Reporting Standards (IFNS).

Consolidated financial statements as of 30 June 2009

Over the first half-year 2009, assets of OJSC “MOESK” increased by almost RUR 3.5 billion to reach RUR 222.977 billion as of 30 June 2009. Of them, RUR 190.597 billion consists of noncurrent assets and RUR 32.380 billion consists of working assets.

Fixed assets of OJSC “MOESK” are equal to RUR 177.108 billion as of 30 June 2009, which exceeds the similar indicator as of 31 December 2008 by RUR 4.481 billion. Increase of balance cost of fixed assets is related mainly to increase of capital investment in building of new energy grid objects and reconstruction of old ones.

Consolidated statements on total revenue over the I half-year 2009

Income of OJSC “MOESK” over the first half-year 2009 is equal to RUR 41.584 billion which exceeds similar indicators of the year 2008 by 31%, or by RUR 9.854 billion.

The Company’s expenses due to current activities over the reporting period increased by RUR 4.831 billion and reached RUR 30.891 billion. Mainly, it is related to increase of expenses for electric energy transmission and electric energy losses covering.

Before taxation, income over the first half-year 2009 amounts to RUR 9.499 billion which exceeds the level of the first half-year 2008 by more than 63%.

Net profit of OJSC “MOESK” over the I half-year 2009 is equal to RUR 7.492 billion which exceeds the level of the similar 2008 period by almost 75.5%.