Аудиторское заключение

EXPLANATIONS
to the accounting (financial) statements of
JSC “INTER RAO UES” for the year 2012
The Company settles transactions with financial instruments of forward deals (FIFD) for the purpose
of hedging currency, interest and other risks. Upon settling transactions with FIFD, the books shall
reflect the settlements connected with fulfillment of respective contracts. At the moment of settling the
deal, no records in the books are made. Profits and expenses on the transactions with FIFD are
determined as of the closing date of the period of report, as of the date of interim settlements (if
provided for by the contract), and as of the date of deal settlement.
The financial result from transactions with FIFD on hedging the interest risk under a credit is reflected
in the structure of interests receivable (payable); for other transactions – in the structure of other
income/charges.
Deferred Costs
Costs incurred by the Company in the accounting year, but relating to forthcoming reporting periods,
have been reflected as deferred costs. These costs are written off evenly during the period to which
they relate. The duration of such period is fixed at the moment of acceptance of deferred costs for
accounting.
The structure of deferred costs includes such costs as: software products for which the Company has
no exclusive rights; licenses and certificates obtained; compensations paid to advisers and/or
intermediaries for the conclusion of agreements being a source of economic benefits for the Company
during several reporting periods, other costs.
Deferred costs related to periods after expiration of the year following the accounting year have been
shown on the balance sheet in Non-current assets section on the line Other non-current assets. Deferred
costs subject to a write-off within 12 months are reflected on the balance sheet in the structure of
current assets on line Other current assets.
Authorized, Additional, and Reserve Capital
Authorized capital is reflected as par value of ordinary shares. The amount of the authorized capital
corresponds to the amount specified in the Company’s Articles of Association.
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