Annual report 2010

JSC IDGC Holding. Annual Report 201022.8. Assessment of the Auditors’ Report on the Accounting Statements for thePeriod from January 1, 2010, to and Including December 31, 2010, by the AuditCommittee of the Board of Directors of JSC IDGC HoldingAssessment of the Auditors’ ReportPrepared by FinExpertiza Limited Liability Companyon the Accounting Statements of JSC InterregionalDistribution Grid Companies Holdingfor the Period from January 1, 2010, to and Including December 31, 2010The Audit Committee of the Board of Directors of JSC InterregionalDistribution Grid Companies Holding (hereinafter, the “Company”), acting onbehalf of and on the instructions of the Company’s Board of Directors, oversawon a regular basis the process of preparing the Company’s accounting statementsand their being audited by OOO FinExpertiza (hereinafter, the “Auditor”).Based on the information obtained from the examination of the Auditor’sreport on the accounting statements of the Company for the period from January1, 2010, to and including December 31, 2010 (hereinafter, the “Report”), theAudit Committee can state as follows:• The Audit Committee discussed the key provisions of the Report withthe Auditor.• The Audit Committee believes that the Report presents objectively thecondition of the Company’s accounting statements prepared in accordancewith Russian Accounting Statements for the period from January1, 2010, to and including December 31, 2010.• On the basis of the examined documents and comments provided bythe Company’s management and the Auditor, the Audit Committeefinds it possible to make a favorable assessment of the Auditors’Report on the Accounting Statements of JSC Interregional DistributionGrid Companies Holding for the Period from January 1, 2010, to andIncluding December 31, 2010.Chairman of the Audit CommitteeSeppo Remes244