Annual report 2010

Agenda1. THE FOLLOWING PERSONS WERE HEARD:G. I. Zhabbarova, R. K. Tsiku, O. A. Bezdenezhnykh, A. V. Demidov, S.Remes, and V. A. GulyaevProject of development of the unified methodology and implementation ofunified standards of preparing accounting and tax statements, and IFRS statementsin IDGC Holding Group.It was resolved as follows:1.1. As proposed by the Chief Accountant, Head of the Department fo rBusiness a nd T ax A ccounting of JSC IDGC Holding, the second issue on t heagenda s hall be co nsidered: “Implementation of a utomated accounting o f fi xedassets i n accordance w ith t he IFR S i n t he c ompanies of IDGC H olding G roup(terms and technical capabilities of the companies of the Group), when using theaccumulated experience of O AO IDGC of t he Northwest, taking into account theresults of the expertise of t he bu siness a nd t ax a ccounting software of thecompanies of IDGC Holding Group as part of Issue 1.1.2. Note shall be taken of the information provided by the management ofJSC IDGC Holding about the organization of the project of the development of theunified a utomated system f or budget pl anning, m anagement, business a nd t axaccounting, a nd ac counting in ac cordance w ith t he I FRS an d c onsolidation inIDGC Holding Group.1.3. It shall be deemed appropriate to implement in the companies of IDGCHolding Group t he pr oject o f t he a utomation of a ccounting of f ixed a ssets a ndintangible assets in accordance with the IFRS provisions, taking into account of theapproaches proposed by the management of JSC IDGC Holding, namely:1.3.1. to keep the platforms used by subsidiaries and dependent companiesfor the organization of accounting of fixed assets in accordance with the IFRS;1.3.2. t o us e t he st andard o ptions of the accounting sy stems fo r t heorganization of accounting of fixed assets in accordance with the IFRS:• SAP: parallel accounting of fixed assets in accordance with the RAS,tax accounting standards, and IFRS, using regular SAP-FI (AA) means;• 1C: use of the regular 1C solution;1.3.3. to improve the basic accounting system IKAR at OAO IDGC of theVolga;1.3.4. to i mplement t he u nified f ixed a ssets a ccounting methodology inaccordance with the IFRS.1.4. It shall be recommended to the management of JSC IDGC Holding,when i mplementing t he pr oject of the de velopment of t he un ified automatedsystem for budget pl anning, m anagement, b usiness a nd t ax a ccounting, a ndaccounting i n acco rdance with t he IFRS a nd c onsolidation i n ID GC H oldingGroup, to focus on the following milestones:not later than December 31, 2011, to implement the unified standards forall types of accounting and reporting in core subsidiaries and dependent companiesof JSC IDGC Holding;2