Profit distribution

As of 2011 IDGC of Urals, OAO obtained net profit equaling RUR 2 548 050 thous. Net profit is determined according to the Company’s financial statements. According to the Charter the final resolution on profit distribution is adopted by the AGSM. Planned profit distribution as of 2011 is disclosed in the table below.

  as of 2011 as of 2010 as of 2009
Net profit 2 548 050 1 684 773 1 053 267
Reserve fund 127 403 84 239 52 553
Dividends 244 805 244 805 0
Enterprise development 2 175 842 1 355 729 1 000 714

According to statements disclosed by Article 6 of the Charter and the Federal Law on Joint-Stock Companies a reserve fund is created upon the AGSM resolution. According to the Charter the amount of obligatory annual payments to the reserve fund is 5% of net profit. Therefore, as of 2011 RUR 127 403 thous. (a part of net profit) goes to the reserve fund. The reserve fund is meant for loss coverage, bond redemption and share payout in case of the lack of other means. A considerable share of net profit totaling RUR 2 175 842 thous. is planned for the Company’s development. RUR 244 805 thous is planned as 2011 dividends.

  as of 2011 as of 2010 as of 2009
Share of dividends in profit 9,6% 14,5% 0
Payment per share 0,0028 0,0028 0

For information on our dividend policy and history, please, refer to the Section Shareholder Capital and Securities.