Аудиторское заключение

EXPLANATIONS
to the accounting (financial) statements of
JSC “INTER RAO UES” for the year 2012
Provision for future costs of payment for vacations unused in the amount of 197,123 thousand rubles
was formed by the Company on the basis of statistics of accounting data of working days and vacation
days within the period of 2008-2012. Pursuant to the principle of prudence, the Company has
recognized its obligation to the employees on payment for vacations unused as of December 31, 2012.
This provision will be recalculated as of each reporting date, and adjusted downwards (upwards)
depending on the decrease (increase) of unused vacation days. Provision will be fully expended in the
event of simultaneous dismissal of employees during the reorganization (liquidation) of the Company
Provision for unfinished legal proceedings
Provision for unfinished legal proceedings in the amount of 69,839 thousand rubles was formed on the
basis of data on probability of the legal proceedings outcome not in favor of the Company. In 2011 a
field tax audit was conducted in the Company for the period of activity from 2008 to 2010. Based on
the audit results tax authority issued a decision on additional accrual of taxes, penalties and fines
amounting to 60,711 thousand rubles. The Company disagreed with the decision of the tax authority
and decided to defend its position in court. As of 31/12/2012 legal proceedings on this claim have not
been finished yet. The Company left the provision accrued without changes. Additional provision in
the amount of 9,128 thsd. rubles was received by the Company in 2012 in the structure of liabilities
received in the result of reorganization of JSC ―Bashenergoaktiv‖.
Provision for possible losses
Provision for possible losses in the amount of 203,439 thousand rubles was formed in 2011 on the
basis of data on likely reduction of economic benefits in the result of fulfilling the following
obligations by the Company:
Repayment of obligations of subsidiary INTER RAO Capital CJSC on the payment of the part of
profits from the sale of a block of shares of JSC ―Kuban Generation Company‖ in the amount of
203,439 thousand rubles of JSC ―Rosneft‖.
It is expected that the provision will be expended before the end of 2013.
The table below shows the progress between the items of provisions for future costs for the year 2011:
Kind of provision
As of
31/12/2010
Received Disposed As of
31/12/2011
Provision for future costs on
payment of remunerations for
the year 2011 to the Company's
employees, and Members of the 389 433 464 524 389 433 464 524
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