Annual report 2010

Approved unanimously.32. THE FOLLOWING PERSON WAS HEARD:A. V. DemidovReport on financial and economic activities of JSC IDGC Holding for 2009.THE FOLLOWING PERSONS REPORTED:V. M. Kravchenko, G. F. Binko, P. I. Okley, V. V. Kudryavy, S. Remes,N. N. Shvets, and V. V. TatsiyThe item was given consideration by the meeting of the Board of Directorsof JSC IDGC Holding pursuant to the Articles of Association of JSC IDGCHolding: paragraphs 11.1.30 and 14.3.12.In 20 09, subsidiaries a nd de pendent companies of JSC ID GC H oldingreceived total re venues (including c onnection fee r evenues) of 438,837 millionrubles, or 98% of the target figure. Production costs totaled 392,351 million rubles(96% of t he target fi gure). Cost p rice-based c ost sa ving t otaled 16,425 millionrubles, or 4% of the target figure.million rublesPlan Actual Deviation, %Total net profit,8,446 10,061 19including- from electricity transmission and other -7,813 -2,699 65operating activities- from network connections 16,259 12,760 -22JSC ID GC H olding’s a ggregate ne t profit fo r 2009 was 10,061 millionrubles, while a net profit of 8,446 million rubles had been planned (up by 19%).This amount includes the Company’s loss of 2,699 million rubles from electricitytransmission, with pl anned l oss e qual t o 7,813 million r ubles. The b etter t hanplanned ne t p rofit re sult was primarily du e to c ost pr ice-based sa ving, i ncludingthrough a cost reduction of 3,468 million rubles.IT WAS RESOLVED AS FOLLOWS:The report o n fi nancial a nd economic a ctivities of JS C ID GC H olding for2009 shall be approved (Appendix 2).S. I. Shmatko, N. N. Shvets, G. F. Binko, V. M. Kravchenko,V. V. Kudryavy, M. Yu. Kurbatov, S. V. Maslov, S. Remes, S. V. Serebryannikov,O. V. Surikov, V. V. Tatsiy, V. N. Titov, D. V. Fedorov, and P. O. Shatsky voted“For.”Approved unanimously.