OREANDA-NEWS. On 1 August 2008 was announced, that the company's net profit  exceeded 1bln 721 mln roubles. In a similar period of the last year it was 58 million 409 K roubles. Such an essential difference can be explained by the fact that in 2008  IDGC of Centre began to function as a uniform operating company the 11 branches of which were consolidated within it. The same dynamics is observed in other articles of the accounting report.

For the first half year of 2008 the company generated proceeds from sales of goods, work and service in the amount of 13bn 798m 008K roubles, including from electric power transmission - the company's  core business activity - 13bn 106m 342K roubles. In a similar period of the last year the company generated 522mln 837K roubles.

The prime cost  of the sold goods, work, services equal 10bln 724mln 963K roubles. Last year it was 428mln 903K roubles.

The total profit is 3bln 073mln 045K roubles; in a similar period of previous year it was 93 mln 934 K roubles.

Earnings before tax equal 2bln 461mln 607K roubles, as compared to 84mln 497K in a similar period of the last year.

Non-circulating assets.

Falling within the accounting balance sheet for June 30, 2008 the main company's resources equal 40bln 901mln 509K roubles (at the beginning of the current year it was 18mln 541K roubles).

Circulating assets.

Accounts receivable, payments on which are expected to be maid in over 12 months, equal 31mln 958K roubles; accounts receivable that will be paid within 12 months are 5bln 965mln 030K roubles. Accounts payable are 4bn 820m 796K roubles.

The given parity is positive since it allows to support optimum structure of the capital and is one of the key issues of business management. Besides, accounts payable are long-term, which allows to put money resources in performance of wide-scale investment projects, new long-term construction, reconstruction of key power industrial facilities.

Capital and reserves.

The company's authorised capital at the end of the reporting year equalled 4bln 221mln 794K roubles, all funds were placed in ordinary shares.

Additional capital is 33bln 269mln 936K roubles.

Long-term loans and credits equal 5bln 165mln 530K roubles.

More information on the subject is available at the Company's  web site.