Аудиторское заключение

To shareholders of JSC ―INTER RAO UES‖
Independent Auditor’s Report
We audited accounting (financial) statements of JSC ―INTER RAO UES‖ attached hereto, which
consist of accounting balance-sheet as of December 31, 2012, statement of financial results for
the year 2012, and annexes thereto.
Liability for Accounting (Financial) Statements of the Audited Entity
The management staff of JSC ―INTER RAO UES‖ bears responsibility for preparation and
accuracy of the said accounting (financial) statements in accordance with rules for preparing
accounting (financial) statements established in the Russian Federation, as well as for internal
control system required for preparing accounting (financial) statements without material
misstatements whether due to fraud or error.
Auditor’s liability
Ernst & Young LLC
ООО «Эрнст энд Янг»
77 Sadovnicheskaya Nab., bld. 1 Россия, 115035, Москва
Moscow, 115035, Russia Садовническая наб., 77, стр. 1
Tel: +7 (495) 705 9700 Тел.: +7 (495) 705 9700
+7 (495) 755 9700 +7 (495) 755 9700
Fax: +7 (495) 755 9701 Факс: +7 (495) 755 9701
www.ey.com
ОКПО:59002827
Our liability is in expressing opinion on the accuracy of these statements on the basis of our
audit.
We conducted audit in accordance with the federal standards of auditing activity applicable in
the Russian Federation, and International Standards of Auditing. These standards require the
compliance with applicable ethical norms, as well as planning and conducting an audit in the
manner as to obtain sufficient confidence that the accounting (financial) statements are free from
material misstatements.
Audit includes conducting the auditing procedures aimed at obtaining audit evidences
confirming the numerical indicators contained in the accounting (financial) statements, as well as
information disclosed in them. The choice of auditing procedures remains a subject of auditor’s
judgment, which is based on the risk assessment of material misstatements in the accounting
(financial) statements, whether due to fraud or error. In the process of assessing this risk, the
auditor studies internal control system, which ensures preparation and accuracy of accounting
(financial) statements, in order to select an appropriate set of auditing procedures, but not to
express opinion on the internal control system efficiency. Audit also includes assessment of
proper character of the applied accounting policy, and validity of assessment estimates made by
the management staff, as well as assessment of submitting accounting (financial) statements in
general.
We believe that audit evidences found by us constitute sufficient and proper basis for expressing
our opinion.
A member firm of Ernst & Young Global Limited
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