Аудиторское заключение

EXPLANATIONS
to the accounting (financial) statements of
JSC “INTER RAO UES” for the year 2012
The Company's commercial costs are not distributed among the prime cost of separate kinds of sales.
The structure of commercial costs includes costs of transportation of electricity, loss of electricity,
customs payments, wages of personnel engaged in trading and selling activity, etc.
Management costs of the Company’s Executive Office are not distributed among the prime cost of
separate kinds of sales.
The structure of other costs includes costs connected with lease of property, interests charged upon
borrowed funds provided, costs of sale of currency and fixed assets, disposal of financial investments
and other assets, penalties payable under agreements in the area of power trade-in, losses of previous
years, negative exchange differences, chaitable contributions, changes in the accounting estimates etc.
The Company also accounts stock-market variation margin paid on transactions in sale/purchase of
futures on the Moscow Energy Exchange in the structure of other costs.
Accounting of Loans and Credits
The indebtedness under a loan and/or a credit is reflected by the Company in the amount of the funds
actually received or in the value of other assets assessment stipulated by an agreement at the moment
of actual transfer of the funds or other assets.
Indebtedness at the end of the reporting period is stated subject to interests payable in the structure of
payables. The Company charges interests depending on the terms of agreement.
Indebtedness under loans and/or credits received is subdivided in accounting into short-term and longterm,
as well as into mature and overdue. The Company transfers liabilities from long-term to shortterm
when, according to the terms of agreement, 365 (or 366) days remain to repayment of the
principal part of the debt.
Additional charges connected with receipt of loans and/or credits are included as a lump-sum in the
structure of other costs at the moment of arising thereof. Payments to the banks in consideration for
credit line opening are reflected in the statement of financial results in the structure of interests
payable.
Financial Investments
Financial investments are accepted for accounting based on the actual costs of their purchase.
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