Аудиторское заключение

EXPLANATIONS
to the accounting (financial) statements of
JSC “INTER RAO UES” for the year 2012
II.
BASIC PROVISIONS OF THE ACCOUNTING POLICY
These accounting (financial) statements of the Company have been prepared based on the following
accounting policy.
Basic Approaches to Preparation of the Annual Accounting (Financial) Statements
Acounting (financial) statements of the Company are drawn up proceeding from the rules of
accounting and reporting applicable in the Russian Federation, particularly, Federal Law dd. December
06, 2011 No. 402-FZ On Accounting, Regulations On Accounting ―Accounting Policy of the
Organization‖ PBU 1/2008 approved by order of the Ministry of Finance of the Russian Federation dd.
December 9, 1998 No. 60n, Regulation On Accounting and Reporting in the Russian Federation
approved by order of the Ministry of Finance dd. July 29, 1998 No. 34n, Regulation On Accounting
―Accounting Reports of the Organization‖ PBU 4/99, approved by order of the Ministry of Finance of
the Russian Federation dd. July 06, 1999 No. 43n.
Uncertainty of accounting estimates
There are basic assumptions given below, which concern future events, as well as other sources of
uncertainty of accounting estimates as of the reporting date, which imply considerable risk of the
necessity to make material adjustments in the book value of assets and liabilities in the next reporting
year:
- Provision for doubtful debts
- Provision for depreciation of inventories
- Provision for depreciation of financial investments
- Provision for liabilities and charges
- Reserve for contingency
- Useful life of intangible assets and fixed assets.
Fixed assets
Fix assets account the property with the useful life of over 12 months. Housing facilities, including
apartments, are accounted in fixed assets.
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