Profit and loss statement

History

Profit and loss statement for the 12 months of 2011

    Appendix 2
    Codes
  OKUD form 0710001
  Date (day, month, year) 31 12 2011
Organization JSC Moscow United Electric Grid Company for OKPO 75273098
Taxpayer identification number INN 5036065113
Tape of economic activity transmission of electricity for OKVED 40.10.2
Form of incorporation/form of ownership Open joint-stock company/Mixed Russian ownership with share of ownership by the constituent regions of the Russian Federation for OKOPF/OKFS 47 16
Measurement unit ‘000 rubles for OKEI 384
Key Indicator Line code For 2011 (1) For 2010 (2)
(1) – indicates the reporting date of the reporting period
(2) – indicates the period of the previous year similar to the reporting period
  Revenue 2110 126,546,066 110,634,049
  including      
  revenue from electricity transmission 2111 106,993,823 91,238,959
  revenue from grid connections 2112 18,859,542 18,944,958
  revenue from UES of Russia operating and development organizations with respect to the power grid distribution complex 2113    
  revenue from the resale of electricity and capacity 2114    
  income from participation in other organizations 2115    
  income from leases 2116 37,181 39,634
  revenue from the sale of other products, goods, work and services of an industrial nature 2117 655,520 410,498
  revenue from the sale of other products, goods, work and services of a non-industrial nature 2118    
 
2.1. Cost of sales 2120 (101,101,995) (85,240,359)
  including:      
  cost of electricity transmission 2121 (96,905,789) (80,487,524)
  cost of grid connections 2122 (3,720,468) (4,466,762)
  cost of UES of Russia operating and development organizations with respect to the power grid distribution complex 2123 ( ) ( )
  cost of the resale of electricity and capacity 2124 ( ) ( )
  cost of participation in other organizations 2125 ( ) ( )
  cost of lease services 2126 (1,714) (9,393)
  cost of the sale of other products, goods, work and services of an industrial nature 2127 (474,024) (276,680)
  cost of the sale of other products, goods, work and services of a non-industrial nature 2128 ( ) ( )
  Gross profit (loss) 2100 25,444,071 25,393,690
2.1. Selling expenses 2210 ( ) ( )
2.1. Management expenses 2220 ( ) ( )
  Sales profit (loss) 2200 25,444,071 25,393,690
  Income from participation in other organizations 2310    
  Interest receivable 2320 106,496 200,787
  Interest payable 2330 (2,580,638) (2,696,074)
5.11. Other income 2340 6,740,173 5,580,774
5.11. Other expenses 2350 (7,802,312) (7,085,520)
  Pre-tax profit (loss) 2300 21,907,790 21,393,657
2.3. Current income tax 2410 (5,785,725) (5,062,219)
2.3. including permanent tax liabilities (assets) 2421 1,713,376 1,493,729
2.3. Changes to deferred tax liabilities 2430 -783,348 -917,300
2.3. Changes to deferred tax assets 2450 474,139 207,059
2.3. Other 2460 1,240,114 328
  Net profit (loss) 2400 17,052,970 15,621,525
 
FOR REFERENCE
5.1.1..5.3.1. Result of the revaluation of non-current assets not included in net profit (loss) for the period 2510   4,473,950
3.2. Result of other transactions not included in net profit (loss) for the period 2520    
  Total financial result for the period 2500 17,052,970 20,095,475
2.2. Basic earnings (loss) per share (rubles) 2900 0.3501 0.32
2.2. Diluted earnings (loss) per share (rubles) 2910    

Director
A.P. Konovalov

Chief accountant
L.A. Sklyarova

24 February 2012

COST OF SOLD PRODUCTS, WORK AND SERVICES BY COST ELEMENT

Indicator Line code For 2011 (1) For 2010 (2)
(1) – indicates the reporting date of the reporting period
(2) – indicates the period of the previous year similar to the reporting period
Cost of sales 6510 (101,101,995) (85,240,359)
including:
material expenses 6511 14,930,085 15,349,797
labor costs 6512 11,170,787 8,725,905
fringe benefit expenses 6513 2,428,448 1,487,773
depreciation 6514 15,196,204 12,160,210
other costs 6515 57,376,471 47,516,674
 
Reference: Change in inventories and reserves (increase [+], decrease [–]): 6520    
including:
work in progress 6521 -385,198 -311,526
finished products 6522    
purchased goods 6523 -2,226 3,088
goods shipped 6524    
auxiliary raw materials 6525    
 
Total cost of sold products (goods, work, services) 6500 (101,101,995) (85,240,359)
including:
cost of sold goods 6530    
management services on the side 6540    
       
Selling expenses 6550 ( 0 ) ( 0 )
including:
material expenses 6551    
labor costs 6552    
fringe benefit expenses 6553    
depreciation 6554    
other costs 6555    
       
Management expenses 6560 ( 0 ) ( 0 )
including:
material expenses 6561    
labor costs 6562    
fringe benefit expenses 6563    
depreciation 6564    
other costs 6565    

Director
A.P. Konovalov

Chief accountant
L.A. Sklyarova

EARNINGS PER SHARE AND DILUTED EARNINGS PER SHARE

Indicator Line code For 2011 (1) For 2010 (2)
Net profit (retained loss) for the reporting period 6610 17,052,970 15,621,525
Dividends on preferred shares (3) 6611 ( ) ( )
Basic earnings (loss) for the reporting period 6612 17,052,970 15,621,525
Weighted average number of common shares outstanding during the reporting period 6613 48,707,091,574 48,707,091,574
Basic earnings (loss) per share (rubles) 6620 0.3501 0.32
Weighted average market value of one common share 6621    
Potential increase in profit and weighted average number of outstanding shares 6630 Х Х
As a result of the conversion of preferredshares into common shares 6631 Х Х
possible growth in earnings 66311    
additional number of shares 66312    
As a result of the conversion of bonds into common shares 6632 Х Х
possible growth in earnings 66321    
additional number of shares 66322    
As a result of the implementation of purchase/sale agreements for shares at a price below market value 6633 Х Х
contractual acquisition price 66331    
possible growth in earnings 66332    
additional number of shares 66333    
Diluted earnings per share (rubles) 6640 0.0000 0.0000
adjusted basic earnings value 6641    
adjusted weighted average value of number of outstanding shares 6642    

Director
A.P. Konovalov

Chief accountant
L.A. Sklyarova

PROFIT TAXATION

Indicator Line code For 2011 (1) For 2010 (2)
Pre-tax profit (loss) 6710 21,907,790 21,393,657
including taxable at the rate of: 20% 67101 21,907,790 21,393,657
other rates 67102    
untaxed 67103    
Permanent differences 6711 8,566,880 7,468,644
Reference: permanent differences corresponding with temporary differences 67111    
Change in temporary deductible differences 6712 2,370,695 1,035,294
Change in temporary taxable differences 6713 -3,916,740 -4,586,500
Tax base 6714 28,928,625 25,311,095
Profit tax expenses (income) 6720 3,141,421 4,278,731
Conditional profit tax expenses (income) 6721 4,381,558 4,278,731
Permanent tax liabilities (assets) 6722 1,713,376 1,493,729
Reference: change in deferred taxes classified as profit and losses 67221    
Deferred tax expenses (income) 6723 -309,209 -710,241
including:
change in deferred tax asset 67231 474,139 207,059
change in deferred tax liability 67232 -783,348 -917,300
Current profit tax 6724 ( 5,785,725) (5,062,219)
Update of tax payable for previous tax periods 6725 -1,240,137  
Other tax payments and penalties from profit 6730 (-23) (328)
including on essential items 6731 (-23) (328)
Profit (loss) from ordinary activities 6740 17,052,970 15,621,525

Director
A.P. Konovalov

Chief accountant
L.A. Sklyarova