Аудиторское заключение

EXPLANATIONS
to the accounting (financial) statements of
JSC “INTER RAO UES” for the year 2012
Used for the organization’s administrative needs.
Inventories are evaluated in the sum of actual costs of purchase (manufacture) thereof. If the cost of
materials is reduced, the Company shall create a provision for depreciation. Provision is calculated
using the method that implies determination of the market value (possible selling price) of low-rotation
inventories, except for inventories included in the following groups:
Materials transferred for processing
Special equipment and special clothing in use.
Rotation is considered to be low if the sum of write-offs for inventory costs during the period of report
makes less than 5 % of their book value at the beginning of the year of report. The sum of reserve is
accounted in the structure of other expenses. In the year of report the Company did not create a
provision for depreciation of materials.
Evaluation of inventories upon their retirement is carried out:
By actual net value of each item - for writing off the goods for re-sale (purchased electricity
(power));
According to a FIFO method – for all other inventories.
Inventories acquired for construction, modernization or reconstruction of fixed assets objects are
reflected on the balance sheet in Non-current assets section on the line ―Other non-current assets‖. All
the rest of inventories are reflected on the balance sheet in the structure of current assets.
Receivables
Accounts receivable from buyers and customers have been determined based on the prices fixed by
agreements between the Company and buyers (customers), taking into account all discounts
(surcharges) provided/charged by the Company, VAT and prices as established under the contract.
Receivables repayable (payable) within 12 months after the reporting date are reflected on the balance
sheet in the structure of current assets. Receivables repayable (payable) within more than 12 months
after the reporting date are reflected on the balance sheet in Non-current assets section on the line
―Other non-current assets‖.
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