OREANDA-NEWS. On 21 July 2008 was announced, that the first power generating company on the wholesale energy market (“OGK-1”) (MICEX: OGK1) issues financial statements for the 1st quarter of 2008 prepared in accordance with Russian Accounting Standards (RAS).

Balance sheet on March 31, 2008

On March 31, 2008 Company’s assets amounted to 35 061 480 thousand rubles. On March 31, 2008 short-term accounts receivable of JSC “OGK-1” amounted to 5 429 594 thousand rubles. On March 31, 2008 long-term accounts receivable of JSC “OGK-1” amounted to 73 938 thousand rubles. On March 31, 2008 short-term accounts payable of JSC “OGK-1” amounted to 5 346 470 thousand rubles. On March 31, 2008 long-term accounts payable of JSC “OGK-1” amounted to 2 678 912 thousand rubles

Report On Company’s Profit and Losses During the 1st Quarter of 2008.

OGK-1 revenue after the 1st quarter of 2008 amounted to 13 590 918 thousand rubles (for the 1st quarter of 2007 – 11 368 579 thousand rubles), and Company’s total profit amounted to 1 851 337 thousand rubles. Sales profit of OGK-1 for the 1st quarter of 2008 amounted 920 746 thousand rubles. Net profit of JSC “OGK-1” for the first quarter of 2008 amounted to 310 669 thousand rubles.