The Russian Joint-Stock Power and Electrification Company (UES of Russia)
Corporate office: 119526, Moscow, 101/3 Vernadskogo Avenue
Type of the general meeting – annual meeting. Form of conduct - meeting.
Date of the general meeting – June the 30th, 2004.
Venue of the meeting – 1 Tsentralnaya Sq., town of Zelenograd, Moscow, Russia
Agenda of the Meeting:
1. Approval of the Annual Report of UES of Russia for 2003, annual accounting statements, including the Profit and Loss Statement (Profit and Loss Account) as well as distribution of profits and losses based on the financial year results.
2. Payment of dividends
3. Election of the members of the Board of Directors of UES of Russia.
4. Election of the members of the Internal Audit Commission of UES of Russia.
5. Approval of the auditor of UES of Russia.
Resolution on item No. 1
The Annual Report of UES of Russia for 2003, annual accounting statements, including the Profit and Loss Statement (Profit and Loss Account) as well as distribution of profits and losses based on the financial year results be approved.
ABBREVIATED BALANCE SHEET
of UES of Russia as at 31 December 2003, thousands of RUR
|
ASSETS |
as at beginning of reporting period |
as at end of
reporting period |
|
Intangible assets |
- |
738 |
|
Fixed assets |
47,718,408 |
31,806,086 |
|
Construction in progress |
19,995,903 |
9,760,153 |
|
Long-term financial investments |
210,845,334 |
218,034,763 |
|
Deferred tax assets |
- |
- |
|
Other non-current assets |
- |
- |
|
Inventories |
1,266,571 |
653,054 |
|
Value Added Tax on purchases |
2,301,556 |
1,686,087 |
|
Accounts receivable (payments expected in over 12 months after the reporting date) |
16,240,488 |
17,409,928 |
|
Accounts receivable (payments expected within 12 months after the reporting date) |
18,928,109 |
18,379,437 |
|
Short-term financial investments |
18,137,674 |
20,052,364 |
|
Cash and cash equivalents |
5,537,153 |
4,013,736 |
|
Other current assets |
2,969 |
232,755 |
|
Total assets: |
340,974,165 |
322,029,101 |
|
LIABILITIES AND EQUITY |
|
|
|
Charter capital |
21,558,452 |
21,558,452 |
|
Treasury shares |
(176,396) |
(30) |
|
Capital surplus |
127,270,871 |
121,335,873 |
|
Capital reserve |
3,234,156 |
3,234,156 |
|
Targeted funds |
- |
- |
|
Undistributed profit (uncovered loss) |
118,493,914 |
147,019,130 |
|
Long-term loans |
17,655,060 |
5,136,121 |
|
Deferred tax liabilities |
347,979 |
438,435 |
|
Other long-term liabilities |
7,943,655 |
6,566,632 |
|
Short-term loans |
- |
- |
|
Accounts payable |
44,331,672 |
16,542,410 |
|
Payables to members (founders) on income payments |
94,122 |
53,598 |
|
Deferred income |
220,680 |
76,804 |
|
Provisions for future expenses and payments |
- |
62,720 |
|
Other short-term liabilities |
- |
4,800 |
|
Total liabilities and equity: |
340,974,165 |
322,029,101 |
STATEMENT OF INCOME in thousands of RUR for 12 months of 2003
|
Indicator |
Reporting
period |
Previous year |
|
Net profit from the sale of goods, products, works, and services (less VAT, excises, and other mandatory payments) |
51,666,752 |
52,590,859 |
|
Cost of goods, products, works, and services sold |
(17,270,040) |
(16,948,049) |
|
Selling expenses |
(277,253) |
(425,661) |
|
Administrative expenses |
(3,306,535) |
(2,846,061) |
|
Gain (loss) on sales |
30,812,924 |
32,371,088 |
|
Interest receivable |
1,102,250 |
444,180 |
|
Interest payable |
(830,908) |
(3,929,424) |
|
Income from participation in other organizations |
3,611,449 |
2,124,062 |
|
Other operating income |
76,905,609 |
61,437,987 |
|
Other operating expenses |
(77,001,388) |
(62,528,349) |
|
Non-sale income |
1,113,535 |
17,117,221 |
|
Non-sale expenses |
(3,077,409) |
(2,341,948) |
|
Profit (loss) before taxes |
32,636,062 |
44,694,817 |
|
Deferred tax assets |
- |
- |
|
Deferred tax liabilities |
(90,456) |
(347,979) |
|
Current profit tax |
(7,989,876) |
(11,518,103) |
|
Other similar compulsory payments |
23,642 |
(1,788,714) |
|
Profit tax and other similar mandatory payments |
(8,056,690) |
(13,654,796) |
|
Profit (loss) on ordinary activities |
24,579,372 |
31,040,021 |
|
Exceptional income |
44,023 |
66,296 |
|
Exceptional expenses |
(18,375) |
(27,442) |
|
Net profit (undistributed profit (loss) of reporting period) |
24,605,020 |
31,078,875 |
Resolution on item No. 2
The payment of dividends in cash be approved as follows: RUR 0.0469 per ordinary share; and RUR 0.2283 per preferred share. The payment of dividends shall be made before December 1, 2004.
Resolution on item No. 3
The Board of Directors of UES of Russia to be elected includes the following members:
|
1. Abramov Alexander Grigorievich |
President, ‘EurazHolding’ |
|
2. Akimov Andrei Igorevich |
Chairman of the Management Board of ‘GazpromBank’ |
|
3. Bakatin Dmitriy Vadimovich |
Director of ‘Sputnik Group’ |
|
4. Berezkin Grigoriy Viktorovich |
Managing Director, ‘ESN Energo’ |
|
5. Bikov Artem Elbrusovich |
Advisor of the Chairman of the Management Board of UES of Russia |
|
6. Bugrov Andrei Evgenievich |
Deputy Chairman of the Management Board, ‘InterRos’ |
|
7. Voloshin Alexander Stalievich |
Chairman of the Board of Directors of UES of Russia |
|
8. Govorov Dmitriy Sergeeich |
Vice-President ‘Eurazholding’ |
|
9. Gref German Oskarovich |
Minister of Economic Development and Trade of the Russian Federation |
|
10 Grigorishin Konstantin Ivanovich |
Advisor, Energy Standard Group S.A. |
|
11. Deripaska Oleg Vladimirovich |
The Chairman of the Supervisory Council, ‘Basic Element” |
|
12. Jeovanis David John |
Member of the Board of Directors of OAO Svyaz Invest, Director of Basic Element Holding Limited (Jersey) |
|
13. Zavadnikov Valentin Georgievich |
Representative to the Council of Federation of the Federal Assembly of the Russian Federation from the Saratov Region Duma |
|
14. Kazakov Alexander Ivanovich |
Representative to the Council of Federation of the Federal Assembly of the Russian Federation from the Legislative Assembly of the Rostov |
|
15. Kosarev Sergei Borisovich |
Deputy Minister of Property Relations of the Russian Federation |
|
16. Kravtsov Andrei nikolaevich |
Executive Vice-President, ‘GazpromBank’ |
|
17. Lychagin Svyatoslav Anatolievich |
Head of the Department of the Ministry of Property Relations of the Russian Federation |
|
18. Matveev Alexei Anatolievich |
Deputy of the Chairman of the Management Board, ‘GazpromBank’ |
|
19. Melamed Leonid Borisovich |
First Deputy Chairman of the Executive Board of UES of Russia |
|
20. Melnichenko Andrei Igorevich |
General Director and Member of the Board of Directors of ZAO MDM (Interregional Business World) Group Managing Company, Chairman of the Board of Directors of Moscow Business World (OAO), Joint-Stock Commercial Bank |
|
21. Novikov Vyacheslav Alexandrovich |
Representative to the Council of Federation of the Federal Assembly of the Russian Federation from the Krasnoyarsk Region Duma |
|
22. Odintsov Mihail Viktorovich |
Representative to the Council of Federation of the Federal Assembly of the Russian Federation from the Ryazan Region Duma |
|
23. Popov Sergey Viktorovich |
Member of the Board of Directors of UES of Russia, Chairman of the Board of Directors of MDM Group |
|
24 Pushkareva Olga Stanislavovna |
Head of the Department of Governmental body |
|
25. Rappaport Andrei Natanovich |
Chairman of the Management Board of FGC UES, Deputy of the Chairman of the Management Board of UES of Russia |
|
26. Rashevskiy Vladimir Valerievich |
Chairman of the Management Board of MDM Bank |
|
27. Remes Seppo Juha |
Chief Executive Officer (Vostok Energo) |
|
28. Saharnov Uriy Viktorovich |
Member of the Board of Directors of UES of Russia, First Deputy Chairman of the FEC of Russia |
|
29. Seleznev Kiril Genadievich |
Member of the Management Board of ‘Gazprom’, Head of Marketing Dapartment ‘Gazprom’, Director of ‘Mejregiongaz’ |
|
30. Skribov Volfgang |
Deputy Director of ‘GazpromBank’ |
|
31. Slobodin Mihail Urievich |
Director of CES (Complex Energy Systems) |
|
32. Sobol Alexander Ivanovich |
Deputy Chairman of the Management Board of ‘GazpromBank’ |
|
33. Urinson Yakov Moiseevich |
Deputy Chairman of the Management Board of UES of Russia |
|
34. Usmanov Alisher Burhanovich |
Director of ‘GazpromInvestHolding’ |
|
35. Hern David Alexander |
Member of the Board of Directors of UES of Russia |
|
36. Khristenko Victor Borisovich |
Deputy Chairman of the Government of the Russian Federation |
|
37. Chubais Anatoliy Borisovich |
Chairman of the Executive Board of UES of Russia |
|
38. Sharonov Andrei Vladimirovich |
First Deputy Minister of Economical Development and Trade |
|
39. Shcherbovich Iliya Viktorovich |
Managing Director of ‘UFG’ |
|
40. Yuzhanov Ilya Arturovich |
Minister for Antimonopoly Policy and Support of Entrepreneurship of the Russian Federation |
|
41. Yusufov Igor Khanukovich |
Minister of Energy of the Russian Federation |
Resolution on item No. 4
The Internal Audit Commission of UES of Russia be elected to include the following members:
- Leonid Alexeyevich Dushanin, Vice President of Natsionalny Rezervny Bank JSCB
- Victor Mikhailovich Myasnikov, Deputy Head of the Department of Property Relations of the Russian Federation
- Anatoliy Mikhailovich Chabunin, Head of the Department of the Ministry of Energy of the Russian Federation
- Sergei Yurievich Rumyantsev, Deputy Chairman of NP ATS for Settlements and Finance
- Galina Evgenievna Samohina, Deputy Head of Division Ministry of Property Relations of Russian Federation
Resolution on item No. 5
ZAO KPMG to be approved as an auditor of UES of Russia.
This information was published in the daily National newspaper "Izvestia" on May the 28th 2004. |
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