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Appendix

to the order of RF Ministry of Finance

as of July 22, 2003 № 67н



Balance Sheet

as of March, 31 2008 Codes

Form № 1 on ACMD 0710001

Date (year, month, date) 2008 04 30

Company OJSC Moscow United Electric Grid Company

on ACEO 75273098

taxpayer's identification number TIN 5036065113

Type activity Distribution and electricity transmission

on ACEA 40.10.2



legal form of organization/form of ownership

47 42

Open Joint Stock Company Russian mixed ownership with

/ share in property of Russian

on ACLSB/ACFO



Unit: thousand ruble / mln.rbl. (delete as applicable) on ACMU 384/385

Address

643,142100,00,,Podolsk,Ordzhonikidze street, 27



Approval date 30.04.2008

Mailing date





Asset index code at the beginning of at the end of

accounting year accounting period

1 2 3 4

I. Capital assets

Fixed assets 110 – –

Basic assets 120 48116471 46709877

Construction in progress 130 18768929 20771746

Income-bearing lease investment 135 – –

Long-term financial investments 140 1000000 3173649

Deferred tax asset 145 88400 131343

Other fixed assets 150 – –

– 151 – –

Total on section I 190 67973800 70786615

II. Circulating assets

Stocks 210 2641327 3276216

including:

raw materials, materials and other similar values 211 1887534 1647262

rearers and fatteners 212 – –

expenses in unfinished producing 213 10064 6426

finished manufactures and and goods for resale 214 9029 839212

goods delivered 215 – –

prepaid expenses 216 734700 783316

other stocks and expenses 217 – –

– 218 – –

input value added tax

220 1197441 748309

accounts receivable (payments on which

are expected more then in 12 months of

the balance sheet date) 230 1636 –

including purchasers and clients 231 – –

accounts receivable (payments on which

are expected during 12 months after

the balance sheet date) 240 18371038 23781116

including purchasers and clients 241 1601178 4037369

short-term financial investments 250 – –

monetary assets 260 4429783 3228723

Other circulating assets 270 – –

– 271 – –

Total on section II 290 26641225 31034364

Balance 300 94615025 101820979

Form 0710001 p. 2



liability index code at the beginning of at the end of

accounting year accounting period

1 2 3 4

III. Fund and Reserves

Authorized Capital Stock 410 14124680 14124680

Own shares, repurchased from shareholders 411 ( – ) ( – )

Added capital 420 23401503 23401503

Reserve funds: 430 251470 251470

including:

reserves, formed according to the legislation

431 251470 251470

reserves, formed according to

the constitutive corporate documents 432 – –

– 433 – –

Undistributed profit (pending loss) 470 11004062 13017838

Total on section III 490 48781715 50795491

IV. Long-term liabilities

loans and borrowings 510 11926148 11782641

deferred tax liabilities 515 573377 683275

Other long-term liabilities 520 3633149 3582930

– 521 – –

Total on section IV 590 16132674 16048846

V. Short-term liabilities

loans and borrowings 610 7018747 6928531

Accounts payable 620 22533007 27815189

including:

suppliers and contractors 621 8388414 12235785

debts to the company personnel 622 1369 228211

debts to State non-budgetary fund

623 7281 95484

taxes liabilities 624 1295124 279219

other creditors 625 12840819 14976490

dividends to participants (incorporators)

payable 630 – –

prepaid expenses 640 148882 232922

provisions for liabilities and charges 650 – –

other short-term liabilities 660 – –

– 661 – –

Total on section V 690 29700636 34976642

Balance 700 94615025 101820979

information on values registered

on off-balance accounts

leased fixed assets 910 23490930 23712040

including on leasing 911 23041163 23218986

goods and materials

accepted for custody 920 20887 20887

goods accepted for commission 930 – –

indebtedness of insolvent debtors written off to losses

written off to losses 940 9464 9464

securities received for obligations and payments 950 4523 3960

securities given for obligations and payments 960 – –

housing fund depriciation 970 450 453

land improvement facility and other

similar sconstructions 980 – –

Fixed assets, received in using 990 – –

– 995 – –

Sklyarova Ludmila

Manager Trofimov Jury Ivanovich Chief Accountant Alexeevna

(signature) (clarification of signature) (signature) (clarification of signature)

« 30 » 04 2008



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