IDGC of Centre operates in 11 regions of Central Russia, providing power to the public and commercial enterprises, agricultural enterprises, and transport. The Company leads on its market.
Address to Shareholders and Investors
We present the Annual Report of JSC IDGC of Centre, an infrastructure company that has been maintaining the steady economic growth of 11 regions in the Central Federal District of Russia for more than eight years.
Review of IFRS Financial Results
Company revenues grew by RUB 942.8 mln, or 1.4 % in 2012 compared with 2011. Revenues on power transmission services grew by RUB 1.533 bn or 2.3 % from 2011.
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Investment Activity Indicators
IDGC of Centre capital investment in 2012 totaled RUB 15.8 bn. The company increased investment in 2010-2012, with investment up 30 % in 2012 compared with 2010 and 4.3 % compared with 2011.
Strategic Areas of Growth
The Board of Directors has confirmed the plan to implement the JSC IDGC Holding strategy - the strategic priorities for IDGC of Centre.
The Company carried out work in key areas that was confirmed by the Board of Directors.