Annual report 2010

JSC IDGC Holding. Annual Report 2010Our Internal Audit examined compliance by the Company with the laws of the RussianFederation. We audited compliance of several financial and economic operations conducted by theCompany with the laws solely in order to obtain reasonable and sufficient assurance about whetherthe Company’s accounting (financial) statements for 2010 and the Company’s Annual Report for2010 are free of material misstatements.Out Internal Audit determined materiality as 5,746.7 million rubles (the aggregate permissibleerror).Materiality is understood to be the ability of information disclosed in the annual statements andthe Annual Report to have an effect on decisions made by the users of such statements. We view theaggregate permissible error as a criterion for confirming that the Company’s statements are reliable.Place of the examination: Moscow, Ulansky pereulok, 26, str. 1Examined period: The Internal Audit of the accompanying accounting (financial) statements andAnnual Report of the Company for 2010 covered the period:1) reporting period:from January 1, 2010, to and including December 31, 2010, for financial and economic operationsin 20102) post balance sheet events:from January 1, 2011, to and including April 20, 2011first day of the year followingthe reporting yearThis Report is dated the last date of the Internal Audit.last day of the annual internal audit,but not earlier than the date of the statementsThe Company’s accounting (financial) statements for 2010 and the Company’s Annual Reportfor 2010 are prepared in accordance with legislative acts and regulations of the Russian Federation(Russian Accounting Standards) and the Company’s internal local regulatory documents.The composition of the Company’s accounting (financial) statements confirmed by theInternal Audit Commission is as follows:ItemFormNo.Statement Form NameDate of Approval byManagementNumber ofDocumentPages1. 1 Balance Sheet March 22, 2011 42. 2 Profit and Loss Statement March 22, 2011 23. 3 Statement of Changes in Capital March 22, 2011 34. 4 Cash Flow Statement March 22, 2011 15. 5 Appendix to the Balance Sheet March 22, 2011 66. - Explanatory Note March 22, 2011 457. -8. -Auditors’ Report on the Accounting (Financial)Statements for the Period from January 1, 2010, toand Including December 31, 2010Annual Report(consolidated report containing information on subsidiaries anddependent companies)March 23, 2011Not approved bymanagement as of theinternal audit date3excludingappendicesWe believe that the our Internal Audit provides a reasonable basis for our opinion on the reliabilityof the Company’s accounting (financial) statements for 2010 and the Company’s AnnualReport for 2010.276