Аудиторское заключение

EXPLANATIONS
to the accounting (financial) statements of
JSC “INTER RAO UES” for the year 2012
connected company Bashenergoaktiv OJSC aand increase in the authorized capital formed in the result
of additional issue for the purpose of converting shares of minority shareholders of JSC
―Bashkirenergo‖ into Company’s shares, appeared. The difference in the amount of 325,345 thousand
rubles was attributed to the additional capital of the Company. Detailed information is provided in
section 27 ―Reorganization‖ of this Explanatory Note.
Dividends
In 2012 the Company did not pay dividends because of net loss faced in the year 2011. Dividends for
the year 2010 on the ordinary shares in the amount of 150,015 thousand rubles, at 0.00001544 rubles
per one ordinary share were paid in the year 2011.
12. ESTIMATED LIABILITIES
The table below shows the progress between the items of provisions for future costs for the year 2012:
Kind of provision
As of
31/12/2011
Received Disposed As of
31/12/2012
Provision for future costs on
payment of remunerations for
the year 2012 to the Company's
employees, and Members of the
Board of Directors 464 524 424 892 (464 524) 424 892
Provision for future costs on
payment for vacations unused
by the Company's employees
164 211 32 967 (55) 197 123
Unfinished legal proceedings 60 711 9 128 - 69 839
Provision for possible losses
203 439 - - 203 439
TOTAL 892 885 466 987 (464 579) 895 293
Provision for future costs on payment of remunerations
Provision for future costs on payment of remunerations for the year 2012 to the Company’s employees
in the amount of 424,892 thousand rubles was formed due to the substantial value of the planned
payments. Remunerations are provided for by the collective agreement and the regulation on bonus
payments to the Company’s employees. This provision will be used in the first half of the year 2013.
In the opinion of the management staff, the actual payments for the said purposes will not exceed the
sum of provision formed.
Provision for future costs on payment for vacations unused
65