OREANDA-NEWS. June 15, 2009. The shareholders approved the Company's 2008 annual report, annual accounting reports, including the profit and loss statement.

On June 10th, 2009, the IDGC of North-West's Annual General Meeting of Shareholders was held. The shareholders approved the Company's 2008 annual report and annual accounting reports, including the Company's profit and loss statement.

The amount of transmitted electric energy through the IDGC of North-West's networks totaled 42,437 million kWh; a share in the market of network services was 79%. The Company's 2008 capital investments exceeded planned targets and equaled RUR 4,024.048 million; the volume of the fixed capital putting in operation amounted to RUR 3,900.994 million.

The company's revenue of the reporting period was RUR 15,954 million; the net profit totaled RUR 598 million. The return on sales was 4.22%; the return on equity secured by monetary funds was 1.58% that proves the Company's steady financial position based on the results of the 2008 performance.

The meeting of shareholders approved the following distribution of the Company's 2008 profit (loss).

Out of the RUR 598,241.5 thousand of the retained profit, RUR 29,912.1 thousand will be assigned for the reserve fund, RUR 568,329.4 thousand will be assigned for the production development.

The shareholders decided not to pay dividends and not to assign the 2008 profit for repayment of past years' loss.

Information. "Interregional Distribution Grid Company of North-West", Joint Stock Company, since April 1st, 2008, operates as a united operational company. It includes 7 branches: "Arkhenergo", "Vologdaenergo", "Karelenergo", "Kolenergo", "Komienergo", "Novgorodenergo", and "Pskovenergo".

The Company's attended territory is 1.58 million kmІ with the population of nearby 6.7 million people. The average staffing number is 13,659 people.
The total length of overhead and cable transmission lines is 169.5 thousand km. The quantity of substations of 35 kV and above registered in the balance is 1,145 pieces; the installed capacity of power transformers of the substations is 17.7 thousand MVA.

The capital stock is RUR 9.5787 billion; 55.4% of the IDGC of North-West's capital stock belongs to JSC "IDGC Holding".