OREANDA-NEWS  On 10 December was announced, that OGK-1 published 9M 2008 consolidated unaudited interim financial report, prepared in accordance with the International Financial Reporting Standards (IFRS).

9M 2008 Consolidated Interim Balance Sheet

As of September 30, 2008 OGK-1 Group capital assets amount to 33,953 mln rubles, total assets of the OGK-1 Group – 51,584 mln rubles. Non-current assets account for 34,419 mln rubles in the assets structure, and current assets – 17,165 mln rubles for the reporting period. Total liabilities amount to 16, 439 mln rubles as of September, 30.

9M 2008 Consolidated Interim Report on Profit and Loss

9M 2008 OGK-1 Group operational revenue amounts to 38,402 mln rubles, which is 5,857 mln rubles (18%) more than in 9M 2007.

9M 2008 OGK-1 Group operational costs have increased by 6,064 mln rubles (20%) and amount to 36,476 mln rubles.

9M 2008 OGK-1 Group net profit amounts to 1,437 mln rubles, which is 328 mln rubles (29,6%) more than 9M 2007 revenue.

The increase of the net profit is explained by the decrease of the profit tax payments due to the detailed declaration of profit for the previous periods.

9M 2008 Consolidated Interim Report on Cash Flow

Operational cash flow amounts to 1,901 mln rubles, which is 403 mln rubles (27%) more than 9M 2007 cash flow.

In the reporting period OGK-1 Group has allocated 5, 412 mln rubles to investment program, it means an increase by 3,132 mln rubles compared with 9M 2007 figure.

9M 2008 OGK-1 Group Consolidated Interim Financial Report is available on the corporate website.