OAO «Ogk-1» publishes the consolidated financial reporting of group for 2008, geared-up in accordance with the international standards of the financial reporting (MSFO). In the consolidated accounting of group of Ogk-1 on MSFO, unlike accounting control on the Russian standards of record-keeping, the results of finansovo-khozyaystvennoy activity of joint-stock COMPANY are reflected «Nizhnevartovskaya GRES» in a size, proportional dale
groups in this company through NVGRES Holding Ltd (75% minus is a 1 share). This company owns 100% shares of joint-stock COMPANY «Nizhnevartovskaya GRES», which from August, 1, 2008 carries out independent operating activity. Consolidated book-keeping balance on December, 31 2008
years.The combined assets of Group Ogk-1 for 2008 grew on 37,3% and on the end of year made 49,91 milliards of rub From them the cost of vneoborotnykh assets made 34,15 milliards of rub, increased on 14,3%. Growth of vneoborotnykh assets is conditioned by realization of the investment program
Ogk-1 on building of new and technical rearmament of operating generating powers, and accordingly, exceeding of sum of capital investments in the fixed assets above the volume of depreciation decrees and vybytiy. So, fixed assets of group of Ogk-1
grew on 13,9% to 33,68 milliard of rub in connection with the increase of capital investments, in particular, by the conducted modernization of the third power unit of Kashirskoy GRES, and also beginning of building of power unit on Urengoyskoy GRES. Circulating assets made 15,76 milliards of rub,
that in 2,4 time more analogical index on beginning 2008 years. Basic influence on growth of circulating assets rendered a receipt and investing of Ogk-1 of facilities in a volume 6,54 milliards of rub from placing of stake (25% plus a 1 share from the chartered capital) NVGRES Holding Ltd within the framework of strukturirovaniya
transactions on realization of investment project of building of the third power unit of Nizhnevartovskoy GRES. Total liabilities made 17,12 milliards of rub, that on 58,2% higher than index 2007 years. A change is mainly related to bringing in of debt funds for
financings of the investment program. Credits and loans of Group Ogk-1 during 2008 were increased in 2 times and made 10,67 milliards of rub Growth of debt funds is related to the necessity of osuschest
receipts of money facilities from a strategic investor. The net assets of Group Ogk-1 during the last year were increased on 28,4% to 32,79 milliard of rub The consolidated report on incomes and ubytkakhvyruchka Groups of Ogk-1 for 2008 made 49,9 milliards of rub, increased
as compared to 2007 on 11,2%. In particular, profits from realization of electric power and power were increased on 10,7% to 48,55 milliard of rub, that is explained foremost by the increase of efficiency of work of company at the wholesale market of electric power, by growth of making and competition
prices on the free sector of market of electric power in the first half-year, and also by the increase of tariffs on electric power and warmly. Holds on current activity of Group Ogk-1 were loosened the on 12,7% to 47,25 milliard of rub mainly due to growth of expenses on a fuel. Income from current
grew activity of Group Ogk-1 short as compared to an analogical index 2007 years on 10,7% – to 2,65 milliard of rub An income to taxation was increased almost in 3 times as compared to an analogical index 2007 years and made 7,92 milliards of rub Such growth is conditioned,
above all things, by the reflection of profit in size of a 4,64 milliard of rub in connection with placing of stake (25% plus a 1 share from the chartered capital) NVGRES Holding Limited within the framework of strukturirovaniya of transaction on realization of investment project of building of the third power unit Nizhnevartovskoy
GRES. It is needed to mark that this profit appeared as a difference between receipts from placing of shares NVGRES Holding Limited and by the registration cost of the placed stake in net assets NVGRES Holding Ltd. Charges on an income tax Group Ogk-1 diminished on 41% to 0,46 milliard of rub It
explained by the serve of row of the specified tax returns from the count of size of income tax in 2005-2006 years in connection with absence of duty on taxation «tariff nebalansa» FOREM for indicated periods the Net income of Ogk-1 grew almost in 3,8
time, making 7,46 milliards of rub Basic influence on growth of net income rendered the reflection of profit in size of a 4,64 milliard of rub in connection with placing of shares (25% a plus is a 1 share) NVGRES Holding Limited.konsolidirovannyy report on motion of money sredstvpostupleniya of money facilities from
on results 2008 it was grown on current activity 72% to 3,98 milliard of rub It is caused, foremost, by the favourable change of floating capital in 2008 as compared to 2007. Money facilities, used on investment activity, were increased on
52,2% to 7,04 milliard of rub The lump sum of capital investments was increased in 1,6 time a to 7,36 milliard of rub This increase is explained by the conducted modernization of the third power unit of Kashirskoy GRES, and also beginning of building of power unit of Urengoyskoy GRES. Money facilities,
got from financial activity for 2008, increased on 108,8% to 4,57 milliard of rub Such increase happened, foremost, due to the receipt of bank credits and loans for realization of the investment program.
