The 2008 Business Plan of IDGC of Centre, JSC Has Been Approved


An internal meeting of the Board of Directors took place in IDGC of Centre, JSC. One of the most important issues on the agenda was the problem of the business plan approval.
Deputy General Director for economy and finance Evgeny Bronnikov noted that the 2008 business plan of IDGC of Centre, JSC was formed according to the established key indicators of efficiency for IDGC as an operating company, with the account of consolidation within IDGC of subordinated DGC since March 31, 2008.

The business plan of IDGC of Centre, JSC contains the following main indicators of the company's activity efficiency: return on equity capital (ROE) under the plan should equal 5.79%. As compared to the 2007 results, ROE equalled 5.20%. Electric power losses to supply in the network should not exceed 9.6%. Under the business plan: EBITDA ― 7,741. 9 million roubles, net assets ― 41 ,057. 6 million roubles, net profit ― 2, 271. 1 million roubles. Compared to 2007, total net assets of the company equalled 39, 086 million roubles, EBITDA (for 31.03.2008) ― 6, 600 million roubles.
The 2008 business plan of IDGC of Centre, JSC was approved.
The meeting also approved the personal structure of the Committee for Audit. It includes
Head of Economic Department of JSC Investment Holding "E-Union" Inna Olegovna Bartenieva;

Head of the Department on Corporate Governance and Economic Development of JSC Investment Holding "E-Union" Aleksandr Vladimirovich Zemskov goes into the Committee on personnel and remuneration and the Strategy and Development Committee.