The results of the competition declared in July were summed up.

ZAO Deloitte & Touche CIS is the winner of the competition on rendering of services concerning drawing up of the financial reporting of IDGC of North-West in conformity with the international standards of the financial reporting (IFRS) for 2008.

Besides, Deloitte & Touche CIS will train the group of workers of IDGC of North-West to the technique of consolidation and transformation of the financial reporting according to IFRS.

The decision on formation of the consolidated financial reporting of IDGC of North-West on IFRS for 2008 with comparative parameters for 2007 was accepted with the perspective of entering international financial markets and extending the amount of potential investors, the supporting of the transition to the system of the tariff regulation based on regulatory asset base (RAB), and also the improvement of the Company management system.