OREANDA-NEWS. August 31, 2007. In accordance with the approved plan of activities on IDGC restructuring, the inventory of  property, rights and financial obligations of IDGC and 11 DGCs of its service area was completed in JSC “IDGC of the Center”.

The inventory was stipulated by the necessity to form DGC take-over draft deeds, which will provide a merger with JSC “IDGC of the Center” as a result of the restructuring process. In accordance with cl.2 a.12 of FZ “On Accounting” and cl.27 of Regulations on Accounting and Accounting Reporting in the RF (approved by the Ministry of Finance Order #34H of July 29, 1998) the inventory of legal entities rights and obligations is obligatory.

“The central inventory board was established for holding inventories, - said Alexander Shilaev, Head of the Property Management Department of JSC “IDGC of the Center”. – Its main responsibilities are the organization and control over the inventory process, as well as, preliminary agreement of its results.

Apart from that, both a working board to hold an inventory of material assets in the departments, and a board to hold inventories of cash assets on accounts, securities, drafts, and other financial investments, tax calculations and obligatory budget contributions, debt and credit indebtedness were set up. The inventory as held as of 30.06.2007.”

The inventory results were registered in the form of inventory sheets, which were transferred to the list of property, rights and financial obligations of the DGC take-over deed.

“Inventory is the main part of the restructuring process, its results are required to determine the swap ratio of DGC shares to IDGC ones during restructurisation in a take-over form, - said Alexander Shilaev.