OREANDA-NEWS. July 8, 2008.  On corporate site of "Transsiberian Reinsurance Corporation" (www.transsibre.ru) in the section "Finance" financial statements of the Corporation for the year 2007, prepared under the International Financial Reporting Standards (IFRS) is published. The most important forms of financial statements, characterizing the activity of the Corporation are available now for Internet users.

The audit of the financial statements under the International Standards on Auditing was prepared by Closed Joint-Stock Company "Independent Consulting Group "2К Audit - Business consulting". As it can be seen from the conclusion of the auditor, the accompanying financial statements in all material aspects gives a fair view of the Company’s financial position as at 31 December 2007and its financial performance and its cash flows for the year then ended in accordance with International Financial Reporting Standards.

"Transsiberian Re" runs conversion of financial statements in reporting on international standards since 1999. The audited financial statements of the Corporation were annualy prepared under IFRS  since 2005. Since January 1, 2008 "Transsiberian Re" runs a parallel accounting in accordance with International and Russian accounting standards.

OJSC "Transsiberian Re" is one of the few companies on Russian insurance market which not only prepares financial statements in accordance with IFRS, but also publishes it. Financial statements prepared under IFRS for the past four years can be found on “Transsiberian Re” corporate site.