ROCKET AND SPACE CORPORATION "ENERGIYA", NAMED AFTER S.P.KOROLEV FINANCIAL STATEMENTS OF THE OPEN JOINT STOCK COMPANY “ROCKET AND SPACE CORPORATION "ENERGIYA", NAMED AFTER S.P.KOROLEV For 2012 and 2011 Korolev
ROCKET AND SPACE CORPORATION "ENERGIYA", NAMED AFTER S.P.KOROLEV
FINANCIAL STATEMENTS
OF THE OPEN JOINT STOCK COMPANY “ROCKET AND SPACE CORPORATION "ENERGIYA", NAMED
AFTER S.P.KOROLEV
For 2012 and 2011
Korolev
CONTENTS
FINANCIAL STATEMENTS FOR 2012 ...................................................................................5-63FINANCIAL STATEMENTS.......................................................................................................5BALANCE SHEET........................................................................................................................9PROFIT AND LOSS STATEMENT............................................................................................16REPORT ON CHANGES IN EQUITY........................................................................................18REPORT ON CASH FLOWS.......................................................................................................21NOTES TO THE BALANCE SHEETAND REPORT ON FINANCIAL RESULTS..............................................................................24AUDITORS' REPORT...................................................................................................................61CONCLUSION OF THE AUDIT COMMITTEE........................................................................64FINANCIAL STATEMENTS FOR 2011.................................................................................67-131FINANCIAL STATEMENTS.......................................................................................................67BALANCE SHEET........................................................................................................................70PROFIT AND LOSS STATEMENT............................................................................................77REPORT ON CHANGES IN EQUITY........................................................................................79REPORT ON CASH FLOWS.......................................................................................................82NOTES TO THE BALANCE SHEETAND REPORT ON FINANCIAL RESULTS..............................................................................85APPENDIX TO THE BALANCE SHEET...................................................................................106AUDITORS' REPORT..................................................................................................................126CONCLUSION OF THE AUDIT COMMITTE..........................................................................130
In accordance with paragraph 9 of the Decree of the Russian Federation Government No. 1214 "On improvement of management of public companies with shares, related to the federal property, and federal state unitary enterprises", dated 31.12.2010, financial statements shall be presented for a 2 years (current and previous) term and shall become an appendix to chapter 9 of the Annual Report of "RSC "Energiya" for 2012.
FINANCIAL STATEMENTS
OF THE OPEN JOINT STOCK COMPANY “ROCKET AND SPACE CORPORATION
"ENERGIYA", NAMED AFTER S.P.KOROLEV
For 2012
INN 5018033937-- dated July 02, 2010, No. 66vwith amendments as of October 05, 2011, No. 124n
1050 4017 KPP 501801001 Page 001
All-Russia Classifier of Management Documentation form: 0710099
Balance sheetCorrection number: 0
Reporting period (code)
34 Reporting year 2012
Open Joint Stock Company "Rocket and Space Corporation "Energiya", named after S.P. Korolev
(name of the organization)
Code of economic activity in OKVED classifier
73.10
OKPO Code 07530238Form of ownership (OKFS) 41Legal form (OKOPF) 12247Unit of measure (thousand roubles, million roubles – OKEI code
384
17 pages with appendix of documents and their copies on ___ pages
The accuracy and completeness of information, specified in this document, is confirmed:
Filled by the member of the tax authority
Manager Information about delivery of documents
Lopota This document is delivered (code)
Vitali On ____ pagesAleksandrovich Composed of (mark with "V”)
(First name, last name, patronymic, completely)
0710001 0710002Signature: /signature/
Date: 28.03.2013
0710003 0710004
Place for signature
0710005 0710006
Chief accountantKorogodina with appendix
of documents and their copies on ___ pages
Elena Date of delivery of the document
Mikhaylovna Registered with the number
(First name, last name, patronymic,
completely)
Signature: /signature/
(First name, last name, patronymic)
(signature)
Stamp: Open Joint Stock Company "Rocket and Space Corporation "Energiya", the Russian Federation, Korolev, Moscow Oblast, OJSC "RSC Energiya".
Stamp: Interdistrict Inspectorate of the Federal Tax Service No. 2 for Moscow Oblast, March 28, 2013, Koroleva S.V.
No. 18962730No. 18962368
INN 5018033937--1050 4024 KPP 501801001 Page
002Location (address)
Post code 141070Subject of the Russian Federation (code)
50
DistrictCity KorolevLocality (village, town, etc)Street (avenue, lane, etc.) Lenina St.House (estate) number 4aNumber of building (structure)Office number
INN 5018033937-- All-Russia Classifier of Management Documentation form: 0710001
1050 4031
KPP 501801001 Page 003
Balance sheetActive
Explanations
Name of indicator Code For the reporting date of the reporting period
On December, 31 of the
previous year
On December, 31 of the year, prior
to the previous year
1 2 3 4 5 6I. NON-CURRENT ASSETS3 2 Intangible assets 1110 9351 7408 43473 3 Results of research
and development1120 73673 180186 277562
Intangible research assets
1130 - - -
Tangible research assets
1140 - - -
3 4 Fixed assets 1150 10096535 2840842 25375693 4 Profitable investments
in tangible assets1160 323017 170139 68795
3 6 Financial investments 1170 254050 247670 248430Deferred tax assets 1180 97988 65804 24561
3 5 Other non-current assets
1190 2982490 2263795 747046
Total in section I 1100 13837104 5775846 3908310II. CURRENT ASSETS3 7 Stock 1210 16324881 9983696 5125734
Value added tax on acquired values
1220 639154 441602 198122
3 10 Accounts receivable 1230 19961370 14091612 119528303 6 Financial investments
(excluding cash equivalents)
1240 3422715 3773693 1736834
Cash and cash equivalents
1250 2774106 1595094 3625231
Other current assets 1260 287944 356140 259363Total in section II 1200 43410170 30241837 22898114BALANCE 1600 57247274 36017683 26806424
INN 5018033937--1050 4048 KPP 501801001 Page
004PASSIVE
Explanations
Name of indicator Code For the reporting date of the reporting period
On December, 31 of the previous
year
On December, 31 of the
year, prior to the previous
year1 2 3 4 5 6
III. CAPITAL AND RESERVESAuthorized capital (share capital, charter capital, members deposits)
1310 1123734 1123734 1123734
Own shares, repurchased from the shareholders
1320 - - -
Revaluation of fixed assets
1340 7201934 733799 738910
Additional capital (without revaluation)
1350 163859 164737 164737
Reserve capital 1360 168560 168560 116008Accumulated surplus (accumulated losses)
1370 2780170 2364303 1281129
Total in section III 1300 11438257 4555133 3424518III. SPECIAL-PURPOSE FINANCING
Share fund 1310 - - -Endowment 1320 - - -Targeted funds 1350 - - -Real estate fund and fund of valuable personal property
1360 - - -
Reserve fund and other trust funds
1370 - - -
Total in section III 1300 - - -IV. LONG-TERM LIABILITIES
Borrowed funds 1410 1000000 1117610 1587963Deferred tax liabilities
1420 178035 147499 123464
Estimated liabilities 1430 - - -Other liabilities 1450 - - 882673Total in section IV 1400 1178035 1265109 2594100
INN 5018033937--1050 4055 KPP 501801001 Page
005Explanati
onsName of indicator Code For the
reporting date of the
reporting period
On December, 31 of the previous
year
On December, 31 of the year, prior
to the previous
year1 2 3 4 5 6
V. SHORT-TERM LIABILITIESBorrowed funds 1510 299993 950000 1062000
3 14 Accounts payable 1520 41280427 27208174 195567793 17 Deferred revenues 1530 411939 272693 1316963 24 Estimated liabilities 1540 307795 312255 -
Other liabilities 1550 2330828 1454319 37331Total in section V 1500 44630982 30197441 20787806BALANCE 1700 57247274 36017683 26806424
Notes
1. Specify the number of the corresponding note to the balance sheet and profit and loss statement.
2. Deducted or negative indicator should be written parenthetically here and in other forms of reports.
3. Should be completed by non-commercial organizations.
INN 5018033937--1050 4062 KPP 501801001
Page 006Interpretation of separate indicators of balance sheet
The page is given in case of presence of transcriptsExplanati
onsName of indicator Code For the
reporting date of the reporting period
On December, 31 of the
previous year
On December, 31 of the year, prior
to the previous year
1 2 3 4 5 6Intangible assets (p. 1110), including3 2 Patents, know-how,
copyright rights11101
9338 7398 4340
- 11102
- - -
- 11103
- - -
Results of research and development (p. 1120), including:3 3 Finished R&D 1120
173673 180188 277562
11202
Intangible research assets (p. 1130), including:- 1130
1- - -
- 11302
- - -
Tangible research assets (p. 1140), including:11401
- - -
11402
- - -
Fixed assets (p. 1150), including:3 4 Buildings and structures 1150
12443149 1944937 1862931
3 4 Machines and equipment 11502
664828 480398 409533
3 4 Means of transportation 11503
101977 124819 132966
Profitable investments (p. 1160), including:3 4 - 1160
1323017 170139 68795
- 11602
Financial investments (p. 1170), including:3 6 Stocks and shares of
subsidiary companies11701
125306 118890 118890
3 6 Stocks and shares of dependent companies
11702
29487 29497 30253
3 6 Stocks and shares of other companies
11703
99257 99283 99287
11704
- - -
Deferred tax assets (p. 1180), including:- 1180
1- - -
- 11802
- - -
Filled indicators (p. 1185), including:- 1185
1- - -
- 11852
- - -
INN 5018033937--1050 4079 KPP 501801001
Page 007Interpretation of separate indicators of balance sheet
The page is given in case of presence of transcriptsExplanati
onsName of indicator Code For the
reporting date of the reporting period
On December, 31 of the
previous year
On December, 31 of the year, prior
to the previous year
1 2 3 4 5 6Other non-current assets (p. 1210), including3 5 Non-finished capital
investments11901 2152866 1794034 369784
3 3 Non-finished R&D 11902 829033 469171 288978- 11903 - - -
Stock (p. 1210), including3 7 Materials, raw materials
and other valuables12101
698769 275591 307306
3 8 Non-finished production costs
12102
15469886 9559880 4810469
- 12103
- - -
- 12104
- - -
- 12105
- - -
Value added tax on goods purchased (p. 1220), including:12201
- - -
Accounts receivable (p. 1230), including:3 10 Payments to suppliers
and contractors12301
1115986 263020 193288
3 10 Advances, paid 12302
18113512 13378404 11200674
- 12303
- - -
- 12304
- - -
- 12305
- - -
Financial investments (excluding cash equivalents) (p. 1240), including:Loans, issued 1240
11372533 989561 844005
- 12402
- - -
- 12403
- - -
Cash and cash equivalents (p. 1250), including:- 1250
1-
- 12502
-
Filled indicators (p. 1255), including:- 1255
1- -
- 12552
- - -
Other current assets (p. 1260), including:VAT, claimed for reimbursement under agreements and contracts
12601
173115 238480 170572
VAT, from received advances
12602
15348 17603 17650
- 12603
- - -
INN 5018033937--1050 4086 KPP 501801001 Page 008
Interpretation of separate indicators of balance sheetThe page is given in case of presence of transcripts
Explanations
Name of indicator Code For the reporting date of the reporting period
On December, 31 of the
previous year
On December, 31 of the year, prior
to the previous year
1 2 3 4 5 6Authorized capital (share capital, charter capital, members deposits) / share fund (p. 1435), including:
- 13101
- - -
Own shares, repurchased from the shareholders (p.1320), including:- 1320
1- - -
Endowment (p.1320), including:- 1320
1- - -
Revaluation of fixed assets (p. 1340), including:- 1340
1- - -
Additional capital (without revaluation) / Targeted funds (p. 1530), including:- 1350
1- - -
- 13502
- - -
Reserve capital / Real estate fund and fund of valuable personal property (p. 1360), including:
Reserves, formed in accordance with the constituent documents
13601
168560 168560 116008
- 13602
- - -
Accumulated surplus (accumulated losses) / Reserve fund and other trust funds (p. 1370), including:
- 13701
- - -
- 13702
- - -
Filled indicators (p. 1375), including:- 1375
1- - -
- 13752
- - -
Borrowed funds (p. 1410), including:Credits 1410
11000000 1117610 1587963
- 14102
- - -
Deferred tax liabilities (p. 1420), including:- 1420
1- - -
Estimated liabilities (p. 1430), including:Estimated liabilities for leaves
14301
- - -
- 14302
- - -
INN 5018033937-- B226 75E6 5082 A18D D68F F795 BF7E 6A54
1050 4093 KPP 501801001 Page 009Interpretation of separate indicators of balance sheet
The page is given in case of presence of transcriptsExplanati
onsName of indicator Code For the
reporting date of the reporting period
On December, 31 of the
previous year
On December, 31 of the year, prior
to the previous year
1 2 3 4 5 6Filled indicators (p. 1435), including:
- 14351
- - -
- 14352
- - -
Other long-term liabilities (p.1450), including:- 1450
1- - -
Borrowed assets (p.1510), including:Credits 1510
1299993 950000 1062000
Accounts receivable (p. 1520), including:3 14 suppliers and
contractors15201
2169023 2063781 1809169
debt to organization personnel
15202
317459 237959 221270
debt to state non-budgetary funds
15203
82178 45860 32917
taxes and charges 15204
201858 238303 111233
3 14 advances received 15205
38431660 24601436 17170927
debt to participants on dividends payment
15206
6065 2232 2634
- 15207
- - -
Prepaid income (p, 1530), including:3 17 targeted research
funding15301
400860 272650 131650
Estimated liabilities (p. 1540), including:3 24 estimated liabilities
for leaves15401
307151 312255 -
- 15402
- - -
Filled indicators (p. 1545), including:- 1545
1- - -
- 15452
- - -
Other current liabilities (p. 1550), including:equity participation in construction
15501
2248668 1417734 -
- - - - -
INN 5018033937--1050 4109 KPP 501801001 Page 010
Profit and loss statementAll-Russia Classifier of Management Documentation form No. 0710002
Explanations
Name of indicator Code For the reporting period
For the similar period of the previous year
1 2 3 4 5Revenue (2) 2110 22131127 20538538Cost of sales 2120 20512384 18669363Total profit (loss) 2100 1618743 1869175Selling costs 2210 268642 90974Management costs 2220Profit (loss) from sales 2200 1350101 1778201Revenue from investments in other companies
2310 27608 85395
Interest receivable 2320 298339 126268Interest payable 2330 392631 225925Other types of revenue 2340 3857346 5505822Other costs 2350 4045861 5600410Profit (loss) before taxation 2300 1094902 1669351Current income tax 2410 345739 446291including permanent tax liabilities (assets)
2421 145330 117038
Changes in deferred tax liabilities
2430 (32998) (20110)
Changes in deferred tax assets 2450 28427 33493Other 2460 14299 9381Net income (loss) 2400 758891 1245824REFERENTIALResult from revaluation of fixed assets, not included in the net income (loss) for the period
2510 - -
Result from other operations, not included in the net income (loss) for the period
2520 14871 7026
Combined financial results for the period
2500 773762 1252850
Basic earnings (loss) per share
2900 - -
Diluted profit (loss) per share
2910 - -
Notes:
1. Specify the number of the corresponding note to the balance sheet and profit and loss statement.2. The profit is shown deducting the value added tax and excises.3. The total financial result of the period is defined as the sum of "Net income" (loss) " line," Result from
revaluation of fixed assets, not included in the net income (loss) for the period" line and "Results from other operations, not included in the net income (loss) of the period" line.
INN 5018033937--1050 4116
KPP 501801001 Page 011
Interpretation of separate indicators of profit and loss statementThe page is given in case of presence of transcripts
Explanations
Name of indicator Code For the reporting period
For the similar period of the previous year
1 2 3 4 5Revenue (p.2110), including:Research and experimental development in the field of natural sciences and engineering
21101 21484988 19958741
Services in a construction sector, social sphere, sphere of trade and public catering
21102 646139 579797
Cost of sales (p.2120), including:Research and experimental development in the field of natural sciences and engineering
21201 19915385 18122542
Services in a construction sector, social sphere, sphere of trade and public catering
22202 596999 546821
Total profit (loss) (p.2100), including:Research and experimental development in the field of natural sciences and engineering
21001 1569603 1836199
Services in a construction sector, social sphere, sphere of trade and public catering
21002 49140 32976
Selling costs (p.2210), including:Research and experimental development in the field of natural sciences and engineering
22101 268642 90974
Management costs (p.2220), including- 22201 - -Profit (loss) from sales (p.2200), including:Research and experimental development in the field of natural sciences and engineering
22001 1394752 1820161
Services in a construction sector, social sphere, sphere of trade and public catering
22002 44651 41960
Revenue from investments in other companies (p.2310), including:- 23101 - -Interest receivable (p.2320), including:- 23201 - -Interest payable (p.2330),
including:- 23301 - -Other types of revenue (p.2340), includingRevenues, connected with provision of assets of the Corporation for temporary use with payment of corresponding fees
23401 246698 243946
Revenues, connected with sale of fixed assets and other assets
23402 2480203 4237193
- 23403Other costs (p.2350), including:Costs, connected with provision of assets of the Corporation for temporary use with payment of corresponding fees
23501 158487 101941
Costs, connected with sale of fixed assets and other assets
23502 2518391 4241062
- 23503 - -
INN 5018033937--1050 4130 KPP 501801001 Page
012Report on changes in equity
All-Russia Classifier of Management Documentation form 07100031. Capital transfer
Authorized capital Own shares repurchased from the shareholders
Additional capital
Reserve fund
Accumulated surplus
(accumulated losses)
Total
1 2 3 4 5 6Capital value on 31 December of the year, prior to the previous (3100)1123734 - 903647 116008 1281129 3424518
(PREVIOUS YEAR)Capital increase – total (3210):- - - -including: - - - 1247738 1247738net profit (3211) - - - 1245824 1245824revaluation of assets (3212)
- - - 1914 1914
revenues, directly connected with the increase of the capital (3213)
- - - - -
additional issue of shares (3214)
- - - - -
- - - - - -increase of the nominal value of shares (3215)
- - - - -
- - - - - -reorganization of legal entity (3216)
- - - - -
Capital decrease – total (3220):
- - - - -
- - - - 117123 117123including: - - -loss (3221) - - -revaluation of assets (3222)
- - -
costs, directly connected with decrease of the capital (3223)
- - - 4750 4750
reduction of the nominal value of shares (3224)
- - - - -
- - - - - -decrease of the number of shares (3225)
- - - - -
- - - - - -reorganization of legal entity (3226)
- - - - -
- - - - - -dividends (3227) - - - 112373 112373Change of the additional capital (3230)
- 5111 - 5111 -
Change of the reserve capital (3240)
- - 52552 52552 -
INN 5018033937--1050 4147 KPP 501801001 Page
013Authorized capital Own shares
repurchased from the shareholders
Additional capital
Reserve fund
Accumulated surplus
(accumulated losses)
Total
1 2 3 4 5 6Capital value on 31 December of the previous year (3200)1123734 - 898536 168560 2364303 4555133
(REPORTING YEAR)Capital increase – total (3310):- - 6482139 - 758891 7241030including: - - - 758891 758891net profit (3311) - - - - -revaluation of assets (3312)
- - - - -
revenues, directly connected with the increase of the capital (3313)
- - - - -
additional issue of shares (3314)
- - - - -
- - - - -increase of the nominal value of shares (3315)
- - - - -
- - - - -reorganization of legal entity (3316)
- - - - -
Capital decrease – total (3320):
- - - - -
- - - - 357906 357906including: - - - - -loss (3321) - - - - -revaluation of assets (3322)
- - - - -
costs, directly connected with decrease of the capital (3323)
- - - 43260 43260
reduction of the nominal value of shares (3324)
- - - - -
- - - - - -decrease of the number of shares (3325)
- - - - -
- - - - - -reorganization of legal entity (3326)
- - - - -
- - - - - -dividends (3327) - - - 314646 314646Change of the additional capital (3330)
- 14882 - 14882 -
Change of the reserve capital(3340)
- - - - -
Capital value on December 31 of the reporting year (3300)1123734 - 7365793 168560 2780170 11438257
INN 5018033937--1050 4154 KPP 501801001 Page
0142. Corrections, made due to changes in accounting policies and process of correction of errors
Changes in equity for the previous yearName of indicator Code On December 31 of
the year, prior to the previous
From the net
profit(loss)
Because of other factors
On December 31 of the previous
year1 2 3 4 5 6
Capital - total - - -before correction 3400 - - - -corrections, made in connection with:
- - - -
changes in accounting policy
3410 - - - -
errors correction 3420 - - - -after correction 3500 - - - -including: - - - -accumulated surplus (accumulated losses):
- - - -
before correction 3401 - - - -corrections, made in connection with:
- - - -
changes in accounting policy
3411 - - - -
errors correction 3421 - - - -after correction 3501 - - - -other parts of capital - - - -before correction 3402 - - - -corrections, made in connection with:
- - - -
changes in accounting policy
3412 - - - -
errors correction 3422 - - - -after correction 3502 - - - -
3. Net assetsName of indicator Code On December 31 of
the reporting year
On December 31 of the previous year
On December 31 of the year, prior to the previous
1 2 3 4 5Net assets 3600 11850196 4827826 3556214
INN 5018033937--1050 4178 KPP 501801001 Page
015Report on cash flowsAll-Russia Classifier of Management Documentation form 0710004
Name of indicator Code For the reporting year
For the same period of the previous year
1 2 3 4Cash flow from current operationsIncome - total 4110 37968777 31448510including:sale of products, goods, works and services
4111 34693801 28114822
lease payments, license fees, royalties, fees and other similar payments
4112 164623 136786
resale of financial investments 4133 - -other types of income 4119 3110353 3196902Payments - total; 4120 33159741 28775669including:payments to suppliers (contractors) for raw materials, works or services
4121 23633529 19459820
in connection with the compensation of employees
4122 4219158 3786501
percent of the debt liabilities 4123 393636 192416income tax 4124 464524 353018other payments 4129 4448894 4983914Balance of cash flows from current operations
4100 4809036 2672841
Cash flows from investment operationsIncome - total 4210 728494 1991947including:sales of fixed assets (excluding financial investments)
4211 5932 807
sales of shares of other organizations (market shares)
4212 139 2866
return of loans, sale of debt securities (rights of demand of funds to other persons)
4213 650125 1846457
dividends, interest on debt financial investments and similar income from the share holding in other companies
4214 72298 141817
other types of income 4219Payments - total; 4220 2980478 5689663including:in connection with acquisition, creation, modernization, reconstruction and preparation for use of non-current assets
4221 1949757 984768
in connection with acquisition of shares of other organizations (market shares)
4222 510 -
in connection with acquisition of debt securities (rights to demand money to other persons), giving loans to other people and entities
4223 103021 4704895
interest on debt obligations, included in the price of investment assets
4224 - -
other payments 4229 - -Balance of cash flows from investment operations
4200 2251984 3697716
INN 5018033937--1050 4185 KPP 501801001 Page
016Name of indicator Code For the reporting
yearFor the same period of the previous year
1 2 3 4Cash flow from finance operationsIncome - total 4310 8993329 3348241including:receiving of credits and loans 4311 8993329 3348241cash contributions of the owners (members)
4312 - -
issue of shares, increase of market shares
4313 - -
issuance of bonds, bills, other debt securities, etc.
4314 - -
other types of income 4319 - -Payments - total; 4320 10371318 4353554including:owners (shareholders) in connection with redemption of their shares (market shares) of organizations or their quit from the membership
4321 - -
payment of dividends and other payments according to distribution of profits in behalf of the owners (shareholders)
4322 310809 110860
in connection with redemption of bills and other debt securities, repayment of loans and credits
4323 9759814 3930978
other payments 4329 300695 311716Balance of cash flows from finance operations
4300 1377989 1005313
Balance of cash flows for a reporting period
4400 1179063 2030188
Balance of cash and cash equivalents at the beginning of a reporting period
4450 1595043 3625231
Balance of cash and cash equivalents at the end of a reporting period
4500 2774106 1595043
Effect of changes in foreign currency exchange rates against the rouble
4490 12785 11177
INN 5018033937--1050 4192
KPP 501801001 Page 017
Interpretation of separate indicators of a cash flow reportThe page is given in case of presence of transcripts
Name of indicator Code For the reporting period
For the similar period of the previous year
1 2 3 4Filled indicators (p. 4114), including:- 41141 - -- 41142 - -Other receipts (p.4119), including:investors' share in construction processes
41191 2828238 1778760
- 41192 - -Filled indicators (p. 4125), including:- 41251 - -- 41252 - -Other receipts (p.4129), including:suppliers (contractors) for raw materials, works and services in connection with equity
41291 1200793 2362089
- 41292 - -Filled indicators (p.4215), including:- 42151 - -- 42152 - -Other receipts (p.4219), including:- 42191 - -- 42192 - -Filled indicators (p. 4225), including:- 42251 - -- 42252 - -Other receipts (p.4229), including:- 42291 - -- 42292 - -Filled indicators (p.4315), including:- 43151 - -- 43152 - -Other receipts (p.4319), including:- 43191 - -- 43192 - -Filled indicators (p.4324), including:- 43241 - -- 43242 - -Other receipts (p.4329), including:- 43291 - -- 43292 - -
iii¡;
i 24
OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
1. Main information
1.1 Main information
The Open Joint Stock Company "Rocket and Space Corporation "Energiya" was established on the basis of a decree No. 415 of the Government of the Russian Federation, dated April 29, 1994.
A certificate of state registration is issued for "RSC "Energiya" and corresponding notes are provided in the Unified State Register of Legal Entities: main state registration number - 1025002032538. The certificate of state registration is issued on October 21, 2002 by the Inspection of the Russian Federation Federal Tax service No. 2 in the Moscow oblast
The Company is registered at the following address: 141070, Moscow oblast, Korolev. Lenina st. 4a.
1.2 Branches (structural units)
The Company had eight geographically separate structural units (including branches) as of 31.12.2012.
The list of separate structural units (including branches)
No. Name Location KPP Activity
1 Recreation centre "Voskhod"
Moscow oblast, Sergiev Posad district, instructional farm
village "Sitniki", building no. 15
504202001Activities of recreation
centers, etc.
2Recreation centre of a
sanatorium type "Vostok"
Krasnodar region, Tuapse district, vil.
Novomikhailovsky-2235502001
Activities of recreation centers, etc.
3 Sanatorium "Krepost"Stavropol region, resort city Kislovodsk, Prospect Mira 9
262802001Activities of recreation
centers, etc.
4 "Baikonur"The Republic of Kazakhstan,
Kyzyl-Orda region, Baikonur-8990103001
Maintenance and operation of "Baikonur" objects
Other separate structural unitsNo. Name Activity1 Catering department Trade, catering2 Social sphere department Social services
3 Sanatorium "Podlipki" Activities of recreation centers, etc.
4Separate branch for works provision at the
"Plesetsk" launch siteWorks provision at the "Plesetsk" launch site
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Notes to the balance sheet and financial results for 2012.
The following changes were taken during 2012 as parts of separate structural units: creation of a separate unit, ensuring works performance at the "Plesetsk" launch site.
2. Significant aspects of accounting policies and presentation of information in financial statements
2.1 Basis for statements formation
These financial statements are formed on the basis of existing rules for accounting and reporting of the Russian Federation, in particular, the Federal Law No.402- FZ "On Accounting", dated December 6, 2011, and Regulations on Accounting and Reporting of the Russian Federation, approved by a corresponding order of the Ministry of Finance of the Russian Federation on July 29, 1998 (No. 34n) as well as other regulations in the system of accounting and reporting, functioning on the territory of the Russian Federation,
Financial statements are prepared in accordance with accounting policies, approved by the order of the President of "RSC "Energiya" No. 524, dated December 31, 2011.
2.2 Assets, liabilities and transactions in foreign currency
Accounting for transactions, made in a foreign currency, shall use exchange rates of a relevant currency, set by the Central Bank of the Russian Federation on the date of transactions. Cash on currency and deposit accounts with banks, funds for calculations, including loans, issued and received, loans, denominated in foreign currencies, shall be recorded in financial statements in amounts, set on the basis of an official exchange rate. Such rate amounted to 30.3727 roubles and 32.1961 roubles for 1 US dollar and 40.2286 roubles and 41.6714 roubles for 1 Euro on December 31, 2012 and 2011, respectively.
Exchange rate differences, arising during the year in connection with assets and liabilities, denominated in foreign currencies, as well as their recalculation as of reporting date, shall be included in the structure of other income and costs.
2.3 Short-term and long-term assets and liabilities
The balance sheet describes receivables and payables as short-term if their maturity (redemption term) is less than 12 months after the reporting date or if it is not set. All other assets and liabilities shall be presented as long-term. Financial investments and loans are classified as short-term or long-term on the basis of an expected period of use (circulation, possession or maturity) after the reporting date.
2.4 Changes in accounting policies
Accounting policies of "RSC "Energiya" for 2012 have no changes, significantly affecting financial statements.
3. Disclosure of important indicators
3.1 Segment informationPrimary segment information is used for operating segments and secondary segment information is used for geographical segments in accordance with AR 12/2010 "Segment information". Such structure is formed on the basis of sources and nature analysis for risks, associated with activities of the Corporation, profits, gained by it, organizational and management structure and internal reporting systems, used to generate information.
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Notes to the balance sheet and financial results for 2012.
Primary information - operating segments
Activities of the Corporation can include one main operating segment:
- performance of research, development and experimental works on creation and operation of manned orbital complexes, launch vehicles, launch equipment of different classes, space telecommunication systems, means of broadcasting and satellite communications;
other segments, including:- services, connected with sanatorium treatment, services of children's health camps;- provision of services in the sphere of trade and catering:- provision of social services;- provision of other services (for regime activities and recruitment for subsidiaries, printing services, etc.)
IndicatorPerformance of research,
development and experimental work
Provision of services for sanatorium treatment
Provision of services in the field of trade
Provision of social services
Provision of other services
Total for the Corporation
1 2 3 4 5 6 7For 2012
Segment revenue 21 277 305 498 963 111 120 36 055 207 684 22 131 127
Profit (loss) from segment sales
1 378 456 14 390 -67 366 8 325 16 296 1 350 101
Interest receivable 275 176 23 163 X 298 339
Interest payable -392 631 X -392 631
Income from participation in other
organizations27 608 X 27 608
Other types of income 3 731 877 2 693 23 122 753 X 3 857 346Other types of costs -3 914 819 -5 894 -1 013 -124 135 X -4 045 861
Profit (loss) before taxation, segment
1 105 667 34 352 -68 356 6 943 16 296 1 094 902
As of December 31, 2011
Segment assets 35 172 272 811 854 25 942 7615 X 36 017 683
Assets, not allocated to segments
Assets - total 35 172 272 811 854 25 942 7 615 X 36 017 683
Segment liabilities 30 617 139 811 854 25 942 7 615 X 31 462 550
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Notes to the balance sheet and financial results for 2012.
IndicatorPerformance of research,
development and experimental work
Provision of services for sanatorium treatment
Provision of services in the field of trade
Provision of social services
Provision of other services
Total for the Corporation
Liabilities, not allocated to segments
Liabilities - total 30 617 139 811 854 25 942 7615 X 31 462 550
As of December 31, 2010
Segment assets 56 168 749 1 030 104 39 797 8 624 X 57 247 274
Assets, not allocated to segments
- -
Assets - total 56 168 749 1 030 104 39 797 8 624 X 57 247 274
Segment liabilities 44 730 492 1 030 104 39 797 8 624 X 45 809 017
Liabilities, not allocated to segments
- -
Liabilities - total 44 730 492 1 030 104 39 797 8 624 X 45 809 017
Revenue (income) is generated as a result of transactions with purchasers and customers. Operations with other segments are not allowed. Income tax costs and other similar payments are not included in income (loss) segment calculations. Distribution of interest receivable, interest payable, income from participation in other organizations, other types income and costs, arising between segments "Carrying out of research, development and experimental works" and "Provision of other services" was not carried out as it was inexpedient and due to the lack of a necessary basis. These income and costs are related to activities of the Corporation as a whole.
Segment assets consist of primarily fixed assets, construction in progress, stocks, production in progress, accounts receivable and other current assets other than deferred tax assets, financial investments and cash. Non-allocated assets are not included in segment assets, as they are not directly related to reporting segments and the required allocation base is missing for them.
Segment liabilities include mainly short-term liabilities, except liabilities to the budget, connected with the income tax, liabilities to loans and credits, used to finance activities of the Corporation as a whole, and deferred tax liabilities.
A combined share in net profits of associates and subsidiaries and total amount of investments in these Corporation elements are not disclosed in this section as they are not directly related to Corporation segments.
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Notes to the balance sheet and financial results for 2012.Secondary information - geographical segments
Geographical segments information (revenues from sales to external customers and financial results of such segments) are presented in the following table:_______________________________________________________________________ th. roub.
Geographical segments Sales (excluding VAT) Prime cost Profit on sales Return on sales, %
Domestic market 21 272 753 20 180 530 1 092 223 5,13EU countries 71 400 60 371 11 029 15,45
Italy 569 574 340 908 228 666 40,15Japan 13 107 10 093 3 014 23,00USA 204 293 189 124 15 169 7,43Total 22 131 127 20 781 026 1 350 101 6,10
Revenue is presented in terms of geographical segments by market locations. Assets and investments are classified in one geographical segment, chosen in accordance with location of assets - the Russian Federation, since capacities of the Corporation are located on the territory of the Russian Federation.
3.2 Intangible assets
Accounting of intangible assets of the Corporation is conducted in accordance with AR 14/2007 "Accounting of Intangible Assets", approved by the Order of the Russian Ministry of Finance No. 153n, dated 27.12.2007.
Accounting includes records on intangible assets at their historical (replacement) cost net of amortization, accumulated during the period of their use. Revaluation of intangible assets of the Corporation was not made in 2012.
Amortization of intangible assets is done, using a linear method.
OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Intangible assets and costs on research, development and engineering (R&D) works.
Availability and movement of intangible assets
Indicator Period
At the beginning of the yearChanges for a period
At the end of a period
Proceeded
Excluded
Amortization charged
Impairment losses
Reevaluation
Initial cost3Accumulated
amortization and impairment losses
Initial cost3Accumulated
amortization and impairment
losses
Initial cost3 Accumulated amortization Initial cost3
Accumulated amortization and
impairment losses
Intangible assets - total
for 2012 (1) 8 026 -618 2 534 -9 7 -589 10 551 -1 200
for 2011 (2) 4 656 -309 3 561 -191 19 -328 8 026 -618
including patents, licenses, know-how,
copyrights,
for 2012 (1) 8 015 -617 2 529 -9 7 -587 10 535 -1 197
for 2011 (2) 4 649 -309 3 557 -191 19 -327 8 015 -617
Industrial designs and models
for 2012 (1) 11 -1 5 0 0 -2 16 -3
for 2011 (2) 7 0 4 0 -1 11 -1
Software, databasesfor 2012 (1) 0 0 0 0
for 2011 (2) 0 0 0 0
Etc.
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Notes to the balance sheet and financial results for 2012.Intangible assets and costs on research, development and engineering (R&D)
Initial cost of intangible assets, created by the organization
Indicator As of December 31, 2012 (4) As of December 31, 2011 (2) As of December 31, 2010 (5)
Total 10551 8 026 4 656
including:Patents, licenses, know-how, copyrights,
(types of intangible assets)10 535 8015 4 649
Industrial designs and models(types of intangible assets) 16 11 7
Software, databases(types of intangible assets)
Etc.
Intangible assets with a fully repaid cost
Indicator As of December 31, 2012 (4) As of December 31, 2011 (2) As of December 31, 2010 (5)
Total - - -
including:Patents, licenses, know-how, copyrights,
(types of intangible assets)
Industrial designs and models(types of intangible assets)
Software, databases(types of intangible assets)
Etc.
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Notes to the balance sheet and financial results for 2012.3.3 R&D costs
Non-current assets on separate sub-accounts of account 08 "Fixed assets" include performed scientific research and experimental design activities. Separate subaccounts of account 04 "Intangible assets" include performed scientific research and experimental design activities, finished and used in the process of goods (works, services) production.
An accounting unit for R&D costs is an inventory item. An inventory item is considered as the sum of costs for performed works, the results of which are independently used in the process of goods (works, services) production or for administrative needs of the Corporation. The costs are deducted, using a straight-line method. Depreciable term of R&D costs is determined on the basis of the expected life of received R&D results. Expected usage term and amortization method for costs on each R&D subject shall be set by a Technical Commission on the use of R&D results, approved by the Project Manager.
R&D costs, not providing positive results, shall be deducted in other costs of a reporting period.A balance sheet reflects finished and used products for R&D production (works, services) in line
1120 "Results of research and development" Costs of performed scientific research and experimental design works are reflected in line 1170 "Other current assets".
Line 1120 "Research and development results" of a balance sheet shows total costs on elements, completed and used in R&D activities of the Corporation in the amount of 73 673 thousand roubles.
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Notes to the balance sheet and financial results for 2012.
Presence and transfer of R&D results
Indicator Period
At the beginning of the yearChanges for a period
At the end of a period
Proceeded
ExcludedPart of the cost,
charged to expenses during
the periodInitial cost
Part of the cost, charged to expenses
Initial costPart of the cost,
charged to expenses
Initial costPart of the cost,
charged to expenses
Research and development - total
For 2012 (1) 180 188 0 6 994 0 113 509 0 73 673 0
For 2011 (2) 277 562 0 67 532 0 164 906 0 180 188 0
including assets, created as a result of R&D,
performed on the basis of Corporation's own
funds
For 2012 (1) 178 049 0 5 224 0 111 450 0 71 823 0
For 2011 (2) 273 878 0 65 020 0 160 849 0 178 049 0
Assets, created as a result of R&D,
performed by means of trust financing
For 2012 (1) 2 139 0 1 770 0 2 059 0 1 850 0
For 2011 (2) 3 684 0 2512 0 4 057 0 2 139 0
etc
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Notes to the balance sheet and financial results for 2012.Unfinished and unformed research and development operations for acquisition of intangible assets
Indicator Period At the beginning of the year
Changes for a period
At the end of a periodcosts for a period excluded as costs, not
giving a positive resultaccepted for accounting as intangible assets or R&D
Costs of unfinished research and development - total
For 2012 (1) 469 171 370 468 -3 613 -6 993 829 033
For 2011 (2) 288 978 247 725 0 -67 532 469 171
including:R&D performed, using
Corporation's own funds
For 2012 (1) 199 171 238 513 -3 613 -5 223 428 848
For 2011 (2) 157 741 106 450 0 -65 020 199 171
R&D performed, using trust fundsFor 2012 (1) 270 000 131 955 0 -1 770 400 185
For 2011 (2) 131 237 141 275 0 -2 512 270 000
Etc.
non-finished operations for acquisition of intangible assets -
total
For 2012 (1) 590 2 535 0 -2 534 591
For 2011 (2) 375 3 776 0 2 360 590
including: inventionsFor 2012 (1) 588 2 535 0 -2 534 589
For 2011 (2) 373 3 776 0 -3 561 588
industrial designsFor 2012 (1) 2 0 0 0 2
For 2011 (2) 2 0 0 0 2
databases, software, licensesFor 2012 (1) 0 0 0 0 0
For 2011 (2) 0 0 0 0 0
Etc.
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Notes to the balance sheet and financial results for 2012.3.4 Fixed assets
Fixed assets include assets, conforming to requirements of provisions on "Accounting of fixed assets" (AR 6/01), approved by the Order of the Ministry of Finance of Russia No. 26n, dated March 30, 2001, approved in a prescribed manner from the moment of their commissioning. The accounting documentation includes fixed assets, shown at historical (replacement) cost net of an accumulated amortization period of their use. Revaluation of land plots, owned by the right of ownership of "RSC "Energiya" was carried out as of 31.12.2012.
Amortization of fixed assets, acquired and constructed before January 1, 2002, is based on uniform amortization rates, approved by the Decree of the USSR Council of Ministers No. 1072 "On uniform norms of amortization for recovery of fixed assets within the National Economy of the USSR" dated October 22, 1990, and for acquired - beginning from January 1, 2002 - at rates, based on estimated useful life terms.
The useful life for fixed assets is established in accordance with the Classification of Fixed Assets No. 1, approved by the Government of the Russian Federation, dated 01.01.2002 № 1.
A linear method is used for amortization calculation.
Assets with a life of more than 12 months are included in the inventory if their initial cost is not more than 40 thousand roubles per unit.
The corporation has fixed assets with the net value, amounted to 10,096,535 thousand rubles, on its balance sheet as of 31.12.2012.
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Notes to the balance sheet and financial results for 2012.Fixed assets. Availability and movement of fixed assets
Indicator Period
At the beginning of the yearChanges for a period
At the end of a period
Proceeded
Excluded
Charged, amortization
Revaluation
initial cost (3) accumulated amortization (6) initial cost (3)
accumulated amortization
(6)initial cost (3) accumulated
amortization (6) initial cost (3) accumulated amortization (6)
Fixed assets (excluding income-bearing investments in
tangible assets - total
For 2012 (1) 5 244 933 -2 404 091 1 233 826 -282 226 173 369 -305 070 6 435 794 0 12 632 327 -2 535 792
For 2011 (2) 4 796 522 -2 258 953 530 072 -81 661 66 831 -211 969 0 0 5 244 933 -2 404 091
including: buildingsFor 2012 (1) 2 908 186 -1 049 528 487 895 -89 463 22 078 -43 519 3 306 618 -1 070 969
For 2011 (2) 2 811 159 -1 016 395 100 813 -3 786 3 230 -36 363 2 908 186 -1 049 528
structuresFor 2012 (1) 235 031 -148 752 131 040 -4 850 4 850 -9 819 361 221 -153 721
For 2011 (2) 213 361 -145 194 25 297 -3 627 3 621 -7 179 235 031 -148 752
transfer devicesFor 2012 (1) 103 602 -55 855 121 180 -1 458 1 458 -5 585 223 324 -59 982
For 2011 (2) 80 205 -51 138 23 397 0 -3 515 103 602 -55 855
machinery and equipmentFor 2012 (1) 1 317 177 -836 779 363 220 -66 182 54 342 -166 950 1 614 215 -949 387
For 2011 (2) 1 166 849 -757 316 208 472 -58 144 43 926 -124 591 1 317 177 -836 779
means of transportFor 2012 (1) 290 740 -165 921 79 295 -77 621 47 995 -72 511 292 414 -190 437
For 2011 (2) 277 537 -144 571 25 843 -12 640 12 609 -33 959 290 740 -165 921
industrial and household equipment
For 2012 (1) 164 408 -142 548 3 753 -42 550 42 544 -6 308 125 611 -106 312
For 2011 (2) 157 698 -139 977 10 107 -3 397 3 378 -5 949 164 408 -142 548
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Notes to the balance sheet and financial results for 2012.
Fixed assets. Availability and movement of fixed assets (continuation)
Indicator Period
At the beginning of the yearChanges for a period
At the end of a periodExcluded
Charged, amortization
Revaluation
initial cost (3) accumulated amortization (6) Proceeded initial cost (3) accumulated
amortization (6) initial cost (3) accumulated amortization (6) initial cost (3) accumulated
amortization (6)
Perennial plantingsFor 2012 (1) 82 -82 -72 72 0 10 -10
For 2011 (2) 105 -105 -23 23 82 -82
Land plotsFor 2012 (1) 221 081 0 47 065 6 435 794 6 703 940 0
For 2011 (2) 85 351 0 135 730 0 0 221 081 0
Other fixed assets
For 2012 (1) 4 626 -4 626 378 -30 30 -378 4 974 -4 974
For 2011 (2) 4 257 -4 257 413 -44 44 -413 4 626 -4 626
Accounted as a part of income-bearing investments
in tangible assets - total
For 2012 (1) 172 302 -2 163 160 073 0 0 -7 195 332 375 -9 358
For 2011 (2) 69 228 -433 103 074 0 0 -1 730 172 302 -2 163
including: property For 2012 (1) 172 302 -2 163 160 073 -7 195 332 375 -9 358
provided for commercial recruitment
For 2011 (2) 69 228 -433 103 074 0 -1 730 172 302 -2 163
Etc.
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Notes to the balance sheet and financial results for 2012.Changing of the value of fixed assets in result of completion of construction, further equipping, renovation and partial liquidation
Indicator For 20121 For 20112
Changing of the value of fixed assets objects in result of completion of construction, further equipping, renovation - total
374 288 82 941
including: buildings 290 695 42 208
structures 10 566 2 736transfer devices 10 784 0
machinery and equipment 62 193 37 481
means of transport 0 516
industrial and household equipment 50 0perennial plantings 0 0
land plots 0 0
other fixed assets 0 0
Changing of the value of fixed assets objects in result of partial liquidation – total:
-2 644 -1 000
including: buildings -1 000 -1 000
structures 0 0
transfer devices 0 0machinery and equipment -723 0
means of transport 0 0
industrial and household equipment -921 0
perennial plantings 0 0
land plots 0 0
other fixed assets 0 0
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Notes to the balance sheet and financial results for 2012.
Other use of the fixed assets
IndicatorAs of December 31, 2012
(4)As of December 31, 2011
(2)As of December 31, 2010
(5)
Leased fixed assets on the balance 1 489 467 1 610 008 1 443 861
Leased fixed assets, outstanding the balance
Received rent fixed assets on the balance
Received rent fixed assets, outstanding the balance 768 368 612 505 60 122
Real estate, accepted and actually used in the process of state registration
Fixed assets, transferred for conservation
Other types of use of fixed assets (mortgage, etc.)
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Notes to the balance sheet and financial results for 2012.3.5 Non-finished construction
Line 1190 "Other current assets" of the balance sheet describes:Non-finished capital investments
Indicator Period At the beginning of the year
Changes for a period
At the end of a periodcosts for a period excluded
accepted for accounting as fixed assets or increased in terms of
the cost
Non-finished construction and non-finished operations on acquisition,
upgrading, etc. of fixed assets - total
For 2012 (1) 1 794 034 2 786 069 -1 350 139 -1 077 098 2 152 866
For 2011 (2) 457 693 2 932 293 -1 050 044 -545 908 1 794 034
including:Acquisition, construction and creation
of fixed assets
For 2012 (1) 1 601 399 2 353 331 -1 338 615 -719 285 1 896 830
For 2011 (2) 264 503 2 662 401 -993 191 -332 314 1 601 399
Modernization and reconstruction
For 2012 (1) 173 928 427 551 -5 339 -357 093 239 047
For 2011 (2) 2 333 249 460 0 -77 865 173 928
Acquisition of land plots
For 2012 (1) 2 511 787 0 -720 2 578
For 2011 (2) 153 530 16 110 -31 400 -135 729 2511
Other
For 2012 (1) 16 196 4 400 -6 185 0 14 411
For 2011 (2) 37 327 4 322 -25 453 0 16 196
Etc.
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Notes to the balance sheet and financial results for 2012.3.6 Financial investments
Investments with non-determined market values are accounted at their initial cost. The initial cost of investments, purchased for a fee, is the amount of actual costs for their purchase, except for value added tax and other taxes payable.
Analytical accounting of investments is carried out in terms of groups and types of investment securities. Disposed investments, not having a market value, are stated at historical cost of each element.
Income and costs from financial investments are recorded in groups with other income and costs.Financial investments are stated net of impairment for objects of investments, shown the signs of
sustained reduction in their value (the reserve amount was 798,087 thousand roubles and 798,087 roubles as of December 31, 2012 and 2011, respectively).
Other spheres of use of financial investments
IndicatorAs of December 31, 2012
(4)As of December 31, 2011
(2)As of December 31, 2010 (5)
Pledged financial investments - total 0 48 125
including: promissory notes 0 48 125
Etc.Investments, transferred to persons
(other than sale) - total
including: promissory notes
Etc.Other types of use of financial
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Notes to the balance sheet and financial results for 2012.Presence and transfer of financial investments
Indicator Period
At the beginning of the year Changes for a period At the end of a period
Proceeded
Excludedaccrual of interest
(including bringing initial cost to a nominal level)
Current market value (impairment losses)Initial cost
cumulative adjustment 7 Initial cost
cumulative adjustment 7 Initial cost
cumulative adjustment 7
Long-term - totalFor 2012 (1) 1 045 757 798 087 6416 -36 0 1 052 137 798 087
For 2011 (2) 1 045 761 797 331 9 363 -9 367 9 363 1 045 757 798 087
including:stocks and shares of
subsidiaries
For 2012 (1) 118 890 0 6416 125 306 0
For 2011 (2) 128 253 9 363 -9 363 9 363 118 890 0
Stocks and shares of affiliatesFor 2012 (1) 39 616 10 119 -10 39 606 10 119
For 2011 (2) 30 253 0 9 363 0 39 616 10 119
OtherFor 2012 (1) 887 251 787 968 -26 887 225 787 968
For 2011 (2) 887 255 787 968 -4 887 251 787 968
Short-term - totalFor 2012 (1) 3 773 693 0 1 070 014 -1 421 022 30 3 422 715
For 2011 (2) 1 736 834 0 23 347 086 -21 310 227 3 773 693
including:Debt securities (bonds, notes)
For 2012 (1) 2 726 125 -686 496 2 039 629
For 2011 (2) 5 411 000 -2 684 875 2 726 125
Provided loansFor 2012 (1) 989 561 1 068 493 -685 521 1 372 533
For 2011 (2) 844 005 2 027 509 -1 881 953 989 561
OtherFor 2012 (1) 58 007 1 521 -49 005 30 10 553
For 2011 (2) 892 829 15 908 577 -16 743 399 58 007
etc.
Financial investments - totalFor 2012 (1) 4 819 450 798 087 1 076 430 -1 421 058 0 4 474 852 798 087
For 2011 (2) 2 782 595 797 331 23 356 449 -21 319 594 9 363 4 819 450 798 082
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Notes to the balance sheet and financial results for 2012.3.7 Stocks
Stocks shall be accounted at their actual cost (in the amount of actual costs of their acquisition).Evaluation of exclusion cost for stocks is carried at the average cost. A way to calculate an average value is
connected with planned evaluation, performed at the end of a month.The Corporation does not have stocks, become obsolete or wholly or partially lost their initial value, or stocks
with decreased current market value on its balance as of December 31, 2012. Therefore, the reserve for impairment of tangible assets was not created by the Corporation as of 31 December 2012.
3.8 Costs, non-finished production and finished goods
Non-finished production is assessed on the basis of total actual costs, including the appropriate proportion of general costs.
General costs are allocated to orders monthly in proportion to values of elements, included in the section "Labor costs", direct production costs, other costs, connected with provision of Corporation assets for temporary use and costs of planned projects for a reporting month.
3.9 Prepaid costs
Costs, incurred by the Corporation during the reporting period, but related to future periods are accounted as prepaid costs. The structure of prepaid costs includes:
Costs for obtaining licenses for certain activities;Costs for non-exclusive rights to use software products; Costs, connected with the organization of construction works.
These costs are charged uniformly by appointment or by special calculations for periods to which they relate.
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Notes to the balance sheet and financial results for 2012.
StocksAvailability and transfer of stocks
Indicator Period
At the beginning of the yearChanges for a period
At the end of a period
Income and costs
Excluded
impairment losses
stock turnover between their groups (types)cost value
impairment reserve value
cost valueimpairment
reserve valuecost value
impairment reserve value
Stocks - totalFor 2012 (1) 9 983 696 0 27 564 424 -21 223 239 0 X 16 324 881 0
For 2011 (2) 5125 734 0 24 165 195 -19 289 820 -17413 X 9 983 696 0
including:Raw materials and
supplies
For 2012 (1) 257 591 0 1 082 735 -641 557 698 769 0
For 2011 (2) 307 306 0 571 231 -605 190 -15 756 257 591 0
Non-finished productionFor 2012 (1) 9 559 880 0 26 022 561 -20 112 555 15 469 886 0
For 2011 (2) 4 810 469 0 23 014 459 -18 265 048 9 559 880 0
Prepaid costsFor 2012 (1) 0 0 0
For 2011 (2) 0 0 0
Finished goods and goods for resale
For 2012 (1) 7 544 0 392 500 -389 934 10 110 0
For 2011 (2) 7 959 0 342 601 -341 359 -1657 7 544 0
OtherFor 2012 (1) 158 681 0 66 628 -79 193 146 116 0
For 2011 (2) 0 236 904 -78 223 158 681 0
Etc.
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Notes to the balance sheet and financial results for 2012.
Pledged stocks
Indicator As of December 31, 2012 (4) As of December 31, 2011 (2) As of December 31, 2010 (5)
Stocks, not paid at the reporting date - total .
including: pledge agreements
Etc.
Stocks, pledged under a corresponding agreement - total 0 974 875 1 348 625
including:Raw materials and supplies
Non-finished production 0 974 875 1 348 625
Finished goods and goods for resale
Other
Etc.
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Notes to the balance sheet and financial results for 2012.3.10 Trade receivables
Trade receivables are determined on the basis of prices, set by agreements between the Corporation and purchasers (customers), including VAT.
Line 1230 "Receivables" of the balance sheet includes receivables (net of reserves for doubtful debts) in the amount of 1,115,986 roubles as of 31.12.2012.
Accounts receivable include advances for future settlements, paid to other organizations in accordance with contractual terms. The amount of advances is 18,113,512 thousand roubles as of December 31, 2012.
3.11 Cash resources
In accordance with the Order of the Ministry of Finance No. 66n "On forms of accounting in organizations", dated 02.07.2010, and P.18. AR 23 "Statement of Cash Flows", indicators of cash flows of an organization shall be reflected, using the Russian currency - roubles. Cash flow values, indicated in a foreign currency, shall be converted into roubles at an official exchange rate of foreign currencies, established by the Central Bank of the Russian Federation on the date of payment or payment receipt.
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Receivables and payables. Availability and flow of receivables.
Indicator Period
At the beginning of the yearChanges for a period
At the end of a periodProceeded Excluded
transfer from long-term to
short-term debtaccounted in
terms of a contract
reserve value for doubtful
debts
in result of transactions (debt for a transaction, operation)8
interest, penalties and other charges to be received
repaymentcancellation
for a financial result8
reserve recovery
accounted in terms of a contract
reserve value for doubtful
debts
Long-term receivables - totalFor 2012 (1) 3 327 562 0 1 742 191 -737 127 0 2 396 -2 582 324 1 752 698 0
For 2011 (2) 1 379 118 -50 830 3 322 093 -137 610 0 50 830 -1 182 849 3 327 562 0
including:Buyers and customers
For 2012 (1) 0 0 6 440 0 2 396 0 8 836 0
For 2011 (2) 56 670 -50 830 8 -3 488 0 50 830 -53 190 0 0
Advances, issuedFor 2012 (1) 3 317 252 0 1 735 751 -734 928 0 -2 582 324 1 735 751 0
For 2011 (2) 1 308 206 0 3 322 085 -130 190 0 -1 182 849 3 317 252 0
Other debtors
For 2012 (1) 10310 0 -2 199 0 0 8 111 0
For 2011 (2) 14 242 0 -3 932 0 0 10 310 0
Etc.
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.Receivables and payables. Availability and flow of receivables (continuation)
Indicator Period
At the beginning of the yearChanges for a period
At the end of a periodProceeded Excluded
transfer from long-term to
short-term debtaccounted in
terms of a contract
reserve value for doubtful
debts
in result of transactions (debt for a transaction, operation)8
interest, penalties and other charges to be received
repaymentcancellation
for a financial result8
reserve recovery
accounted in terms of a contract
reserve value for doubtful
debts
Short-term receivables - total
For 2012 (1) 10 908 107 -144 057 13 989 291 -9 270 725 -325 144 057 2 582 324 18 208 672 0
For 2011 (2) 10 896 917 -272 375 8 130 149 -8 170 047 -2 102 272 375 10 908 107 -144 057
including:Buyers and customers
For 2012 (1) 336 116 -73 096 1 067 874 -296 840 73 096 1 107 150 0
For 2011 (2) 459 823 -272 375 276 572 -453 467 -2 272 375 53 190 336 116 -73 096
Advances, issuedFor 2012 (1) 10 061 152 0 12 361 923 -8 627 326 -312 2 582 324 16 377 761 0
For 2011 (2) 9 892 468 0 7 343 606 -7 174 900 -22 10 061 152 0
Other debtorsFor 2012 (1) 510 839 -70 961 559 494 -346 559 -13 70 961 723 761
For 2011 (2) 544 626 0 509 971 -541 680 -2 078 510 839 -70 961
Etc.For 2012 (1) 14 288 859 -197 247 15 731 482 -10 058 646 -325 146 453 X 19 961 370 0
For 2011 (2) 12 276 035 -323 205 11 452 242 -8 307 657 -2 102 323 205 X 12 276 035 -197 247
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Overdue receivables
Indicator
As of December 31, 2012 (4) As of December 31, 2011 (2) As of December 31, 2010 (5)
accounted under the terms of a
contractbalance value
accounted under the terms of a
contractbalance value
accounted under the terms of a
contractbalance value
Total 333 910 333 910 205 004 60 947 169 882 119 096
including:Buyers and customers 333 711 333 711 134 043 60 947 169 882 119 096
Advances, issued
Other debtors 199 199 70 961
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.3.12 Capital and reserves
The value of the share capital is 1,123,734 roubles and it was not changed in 2012.According to a decision of the general meeting of shareholders, dividends in the amount of 314,645.5 thousand
roubles are accrued on the basis of results of the Corporation for 2011.The Corporation charter provides establishment of a reserve fund in the amount of not less than 5% of an
authorized capital. The fund is formed by compulsory annual deductions, amounting to at least 5% of net profit.
3.13 Long-term liabilities
Line 1410 of the balance sheet ("Borrowings" section) shows total bank loans with maturities of more than 365 days as of 31.12.2012.
3.14 Credits and loans
Costs on received loans and credits are recognized as costs of a period in which they are incurred (current costs) and are included in other costs.
Additional costs, incurred in connection with loans and credits, are included in other costs as incurred.Interest on loans is accrued evenly (monthly) and is recognized as other costs in accounting periods to which
these accruals refer.The Corporation transfers long-term debts on received loans and credits to short at the moment when the terms
of a contract provide principal repayment within 365 days.Line 1510 "Borrowings" reflects receivables of the Corporation under loan agreements, signed with banks,
with maturity of less than 365 days as of 31.12.2012.
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Availability and flow of accounts payable
Indicator Period At the beginning of the year
Changes for a period
At the end of a period
Proceeded Excludedtransfer from long-term to short-term
debt
as a result of transactions (transaction,
operation debt)
interest, penalties and other charges to
be received 9repayment cancellation for a
financial result9
Long-term receivables - total
For 2012 (1) - - - 0 0 0
For 2011 (2) - - - 0 0 0 -
including:Credits and loans
For 2012 (1) - - - 0 0 0 -
For 2011 (2) - - - 0 0 0 -
OtherFor 2012 (1) - - - 0 0 0 -
For 2011 (2) - - - 0 0 0 -
Short-term receivables - total
For 2012 (1) 27 208 174 26 854 505 -12 781 109 -1 143 41 280 427
For 2011 (2) 19 556 779 19 772 578 0 -12 121 023 -160 27 208 174
including:Buyers and customers
For 2012 (1) 2 063 781 2 156 059 -2 049 742 -1 075 2 169 023
For 2011 (2) 1 809 169 2 060 039 -1 805 360 -67 2 063 781
Advances, issued For 2012 (1) 24 601 436 24 024 448 -10 194 224 0 38 431 660
For 2011 (2) 17 170 927 17 173 617 -9 743 108 0 24 601 436
Other debtors For 2012 (1) 542 957 673 998 -537 143 -68 679 744
For 2011 (2) 576 683 538 922 -572 555 -93 542 957
Total For 2012 (1) 27 208 174 26 854 505 -12 781 109 -1 143 X 41 280 427
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
For 2011 (2) 19 556 779 19 772 578 -12 121 023 -160 X 27 208 174
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.Overdue accounts payable
IndicatorAs of December 31,
2012 (4)As of December 31,
2011 (2)As of December 31,
2010 (5)
Total 141 084 143 312 287 740including:
Buyers and customers141 084 143 312 287 740
Other
Etc.
3.15 Taxation
Value-added taxA value added tax (VAT) for goods, products, works and services is calculated on the date of actual shipment (delivery) of such goods, products, works and services.
Income tax
For purposes of income tax calculation revenues are recognized in a reporting (tax) period in which they occurred, regardless of the actual receipt of cash or other assets (works, services) and (or) property rights (accrual basis).The income tax, determined on the basis of accounting profit (conditional costs on the income tax) amounted to 218,980 thousand roubles and 333,870 thousand roubles in 2012 and 2011, respectively.Current income tax is recognized in line 2410 "Report on financial results". It amounted to 345,739 thousand roubles in 2012 and 446,291 thousand roubles in 2011.
3.16 Deferred taxes
The Corporation reflects deferred tax assets and liabilities, permanent tax assets and liabilities in accounting and reporting documents, i.e. amounts which can influence a value of the income tax in current and / or future reporting periods.
Permanent differencesPermanent differences in Corporation accounting resulted from the excess of actual costs, taken into account in the process of formation of accounting profit (loss) over costs, deductible for tax purposes, imposing restrictions on costs and other differences.
The sum of permanent tax liabilities (asset), calculated on the basis of temporary differences, is recorded in line 2421 "Report on financial results" and amounted to 145,330 thousand roubles in 2012 and 117,038 roubles in 2011 (recorded in line 2421 "Report on financial results").
Deductible temporary differences
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Deductible temporary differences amounted to 1423.35 thousand roubles in 2012, resulted due to differences in:
- recognition of targeted funding for accounting and tax purposes;- recognition of OPH losses in accounting and taxation;- recognition of other income and costs for accounting and tax purposes.
Changes in deferred tax assets are reflected in line 2450 "Report on financial results" with a total of 28,427 thousand roubles for 2012 and 33,493 thousand roubles for 2011.
Taxable temporary differences
Taxable temporary differences amounted to 164,990 thousand roubles in 2012, resulted due to differences in:
- assessment of non-finished production in accounting and taxation;- recognition of R&D costs in accounting and taxation;- amortization of fixed assets in accounting and taxation;- recognition of other income and costs in accounting and taxation.
Changes in deferred tax liabilities are reflected in line 2430 "Report on financial results" with a total of 32,998 thousand roubles in 2012 and 20,110 thousand roubles in 2011.
3.17 Prepaid income
Line 1530 "Prepaid income" of the balance sheet reflects the amount of target funding of 411,939 thousand roubles as of 31.12.2012.
3.18 Recognition of income (revenue)
Revenue from service rendering (works rendering) is recognized as services are provided to customers and payment documents are submitted to them (or at the end of works performance). It is reflected in financial statements net of the value added tax, excises and similar payments.
Accounting documents of the Corporation recognize revenue from works performance, rendering of services, selling of products with a long manufacturing cycle on completion of such works, services, products manufacture in general.
Other types of income of the Corporation can include:
income, related to provision of assets of the Corporation for temporary use; income, related to provision of rights arising from patents on inventions, industrial designs and other
intellectual property of the Corporation for a corresponding payment;
income, related to participation in the authorized capital of other organizations;
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012. income from the sale of fixed assets, stocks, investments, foreign currency; interest, received from granting of funds of the Corporation for use; difference between the original and nominal value of securities.
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.3.19 Production costs
Indicator Line code For 2012 For 2011
Material costs 5610 19 191 099 17 178 709Costs for salaries 5620 4 699 430 4 146 940
Social benefit costs 5630 1 197 998 1 053 174Amortization 5640 260 513 212 753Other costs 5650 10 967 622 10 635 926
Total, for elements 5660 36 316 662 33 227 502Change in balances (increase [-1-], decrease [-]): non finished
production 5670 +5 910 006 +4 833 861
Finished products 5680 +2 566 -415Other - -
Total costs from ordinary activities 5600 36 316 662 33 227 502
Acquisition (production) costs and costs for use of energy resources
Thousand roubles
Type of energy resource
Total costs for2012 2011
Acquisition (production)
UseAcquisition (production)
Use
For production purposes
For other purposes
For production purposes
For other purposes
Energy, including 182 823.0 161 417.4 21 405.6 171 369.7 150 839.0 20 530.7
-electric 73 100.2 65 263.8 7 836.4 67 091.0 59 898.8 7 192.2
-thermal 89 279.4 76716.0 12 563.4 89 685.3 77 064.8 12 620.5
-other 20 443.4 19 437.6 1 005.8 14 593.4 13 875.4 718.0
FUEL, including 26 800.0 26 800.0 0.0 21 249.5 21 249.5 0.0
-liquid: 26 800.0 26 800.0 0.0 21 249.5 21 249.5 0.0
-solid: 0.0 0.0 0.0 0.0 0.0 0.0
-gaseous: 0.0 0.0 0.0 0.0 0.0 0.0
Other 0.0 0.0 0.0 0.0 0.0 0.0
Total 209 623.0 188 217.4 21 405.6 192 619.2 172 088.5 20 530.7
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
3.20 Other income and costs
Thousand roubles
Other income / costs2012 2011
Income Costs Income Costs
Income and costs, connected with provision of assets of the Corporation for temporary use 246 698 158 487 243 946 101 941
Gains and losses of previous years, identified in the reporting year 158 051 178 065 867 74 256
Exchange and value differences 234 054 320 250 272 741 234 580
Additional costs for the Corporation staff (premium, material aid sums, etc.) - 278 860 - 173 615
Costs for works and services on terminated or non-concluded agreements, performed at the expense of
the Corporation- 4 261 - 48 182
Bank services - 26 599 - 20 511
Sale of fixed assets 5 932 30 817 684 1 253
Sale of other assets 2 474 132 2 487 574 4 236 509 4 239 809
Costs, associated with obtaining of loans and credits - 23 796 - 19 255
Reserves for doubtful debts - - . 144 057
Reserves for impairment of financial investments - - 756
Fines, penalties, taxes and charges, carried out at the own expense of the Corporation - 796 - 338
Income from recovery of unused reserves for doubtful debts 93 258 - 323 205 -
Saves on investment projects 499 209 - 326 720 -
Other income (costs) 146012 536 356 101 150 536 744
Total, other income / costs 3 857 346 4 045 861 5 505 822 5 600 410
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
3.21 Profit per share
The amount of basic profit per share is 0.675 thousand roubles. Basic profit in the amount of 758,891 thousand roubles is used for the calculation together with the weighted average number of ordinary shares in the amount of 1,123,734. The number of ordinary shares was not changed during 2012.
The statement of financial results does not show diluted earnings per share, as the Corporation does not have any convertible securities and contracts of sale/purchase of ordinary shares from their issuer on its balance.
3.22 Securing of liabilities
IndicatorAs of December 31,
2012 (4)As of December 31, 2011
(2)As of December 31,
2010 (5)
Received - total 23 818 754 130 015 0
including: Deposit
Contract of bank guarantees, surety agreement 23 818 754 130 015
Etc.
Issued - total 3 507154 4 554 862 1348625
including: Deposit 1 023 000 1 348 625
Surety agreement 3 507 154 3 531 862
Etc.
3.23 Related parties
Subsidiaries and affiliatesList of subsidiaries of "RSC" Energiya"
Name Place of registration of the company / location
Value of the share capital of the company
Corporation equity interest as
of 31.12.2012
Corporation equity interest as of
31.12.2012 (%)
Income from participation in 2012, th.
roub.
1 2 3 4 5 6
CJSC "ZEM RSC "Energiya"
Mosc. oblast Korolev, Lenina st. 4a 40 000 th. roub. 40 000 th. roub. 100 27 290,8
CJSC "VKB RSC "Energiya" Samara, Zemetsa st. 26 "B" 10 000 th. roub. 10 000 th. roub. 100 —
CJSC "PO "Kosmos" Moscow, Borovskoe Highway 200 th. roub. 200 th. roub. 100 —
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Name Place of registration of the company / location
Value of the share capital of the company
Corporation equity interest on
31.12.2012
Corporation equity interest on
31.12.2012 (%)
Income from participation in 2012, th.
roub.
1 2 33
4 5 6
Vnukovo 3, bld. 1, pr. 1
LLC "IC "Razvitie" Mosc. oblast Korolev, Lenina st. 4a 6 150 th. roub. 6 150 th. roub. 100
—
LLC "RSC "Energiya Finance"
Mosc. oblast Korolev, Lenina st. 4a 500 th. roub. 500 th. roub. 100
—
CJSC "Teplo RSC "Energiya"
Mosc. oblast Korolev, Lenina st. 4a
50 000 th. roub. 50 000 th. roub. 100
—
CJSC "BELROSSAT" Minsk, P. Brovki 15, bld. 5, of. 416 25 000 $ 17 500 $ 70
—
LLC "OIME" Mosc. oblast Korolev, Lenina st. 4a
16 874.3 th. roub.
10 968.3 th. roub. 65
—
LLC "IPROVEN" RSC "Energiya"
Mosc. oblast Korolev, Lenina st. 4a 10 th. roub.. 5.1 th. roub.. 51
—
CJSC "Energiya-Telecom"
Mosc. oblast Korolev, Lenina st. 4a 1 000 th. roub. 501.0 th. roub. 50,1%
—
The corporation forms consolidated financial statements, combining financial statements of the Corporation and its subsidiaries, including information on affiliates.
All subsidiaries are incorporated in the Russian Federation.
List of affiliates of OJSC "RSC "Energiya"
Name Place of registration of the company / location
Value of the share capital of the company
Corporation equity interest on
31.12.2012
Corporation equity interest on 31.12.2012
(%)
Income from participation in 2012, th. roub.
1 2 3 4 5 6
LLC "Experiment" Mosc. oblast Korolev, 20.225 th. roub. 10.0 th. roub. 49,48 44,2
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Name Place of registration of the company / location
Value of the share capital of the company
Corporation equity interest on
31.12.2012
Corporation equity interest on 31.12.2012
(%)
Income from participation in 2012, th. roub.
1 2 3 4 5 6Lenina st. 4a
OJSC "Consortium "Kosmicheskaya
Regata"
Mosc. oblast Korolev, Lenina st. 4a 100.0 th. roub. 30.0 th. roub. 30,0
OJSC "NPK "REKOD"
Moscow, 3-rd passage Maryina Roscha 40, corp.
6, building 1
110 867 th. roub. 29 457 th. roub. 26,57 242,9
CJSC "Astrasystems" Moscow, Barrikadnaya st. 8/5
3 000.0 th. roub. 756.0 th. roub. 25,2
JSC CRISP "Aelita"Almaty, Republic of
Kazakhstan, Furmanova st. 50
140 000 000 tenge
99 000 000 tenge 49,5
All affiliates are incorporated in the Russian Federation.
The Company's share in the charter capital of subsidiaries was not changed in the reporting year.
Operations with related partiesThe Corporation performed works and rendered services to the following related parties during the reporting
year:th. roubles
Name of an affiliate Nature of the relationship Sales volume (excluding VAT) in 2012
CJSC "ZEM RSC "Energiya" Provision of significant impact 183 822.9
CJSC "PO "Kosmos" Provision of significant impact 5 429.5
LLC "OIME" Provision of significant impact 3 088.2
CJSC "Teplo RSC "Energiya" Provision of significant impact 21 241.1
Total 213 581.7
The following affiliates provided services (completed works) for the Corporation during the year:th. roubles
Name of an affiliate Nature of the relationship Sales volume (excluding VAT) in 2012
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
CJSC "ZEM RSC "Energiya" Provision of significant impact 10 355 155.0
CJSC "Teplo RSC "Energia" Provision of significant impact 297 178.0
CJSC "VKB RSC "Energiya" Provision of significant impact 12 960.0
Total 10 665 293.0
As of December 31, 2012, the corporate debt for settlements with subsidiaries amounted to:th . roubles
Company nameAccounts receivable Accounts payable
2012 2011 2012 2011CJSC "ZEM RSC "Energiya" 13 510 208.7 10 056 410.0 376 707.2 377 282.0
LLC "OIME" 1 755.6 191.0 - 978,0LLC "IPROVEN" 46.3 45.0 - -
LLC "IC "Razvitie" 7.3 - - -CJSC "PO "Kosmos" 90 985.2 112 360.0 16 820.2 2 414.0
CJSC "VKB RSC "Energiya" 104 516.1 79 866.0 - 3 627LLC "RSC "Energiya Finance" 4D - - -CJSC "Teplo RSC "Energiya" 234 661.7 232 787.0 70 546.4 15 406.0
CJSC "Energiya-Telecom" - - 930.7 5 563.0
Prices for products, goods, works and services, provided to the Corporation by its subsidiaries and delivered by the Corporation to its subsidiaries, are set on the basis of contracts, concluded in accordance with market prices. The Corporation accounts with its subsidiaries in cash.
As of 31.12.2012 and 31.12.2011 the Corporate debt settlements with subsidiaries were as follows:th . roubles
Form of indebtednessDecember 31
2012 2011Accounts receivable, including 13 942 185.0 465 004.5
- Noninterest-bearing loans - -- Noninterest-bearing notes - -
- Receivables, acquired under contracts of assignment - -
Accounts payable 465 004.5 405 270.0
The amount of interest, accrued in 2012 for loans, issued by the Corporation to its subsidiaries, amounted to 1 817.5 thousand roubles (CJSC "Teplo RSC "Energiya")
The amount of interest, accrued for loans, issued by the Corporation to its largest related organizations (LLC "Energiya Overseas", LLC "Energiya-Logistics") was 87 280.5 thousand roubles and 35 363.5 thousand roubles in 2012 and 2011, respectively.
The Corporation issued loans to its largest subsidiary and other organizations at rates, ranging from
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
7.0% to 12.0% and from 4.0% to 10.0% in 2012 and 2011, respectively.The amount of interest, accrued on the notes, issued by major related parties, amounted to 151
836.5 thousand roubles and 35 110.2 thousand roubles in 2012 and 2011, respectively.Remuneration of the President is approved by the Chairman of the Board of Directors of the
Corporation.Remuneration of members of the Board of Directors of the Corporation is approved by the General
Meeting of Shareholders.
3.24 Estimated liabilitiesThe balance sheet for 2011 contains line 1430 "Estimated liabilities" (in the amount of 312,255
roubles as of 31.12.2011), reflecting estimated liabilities for unused leaves; the amount, indicated in line 1540 "Estimated liabilities" in the balance sheet reflects estimated liabilities for 2012 as of 31.12.2012.
Estimated liabilities for unused leaves of employees of the Corporation is reflected in line 1540 "Estimated liabilities" of the balance sheet for 2012 as of 31.12.2012 in the amount of 307,795 thousand roubles.
Estimated liabilities
Indicator Balance at beginning of year Accepted Repaid Excluded as surplus
amount End period balance
Estimated liabilities - total 312 255 2 024 -6 484 0 307 795
Including:Estimated liabilities for leaves 0 0
Estimated liabilities for onerous contracts 0 0
Estimated liabilities for reorganization 0 0
Estimated liabilities for quality guarantees of sold products 0 0
Estimated liabilities for leaves 312 255 2 024 -6 484 307 795
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.3.25 Contingent assets and liabilities
The Corporation has no contingent assets and liabilities as of December 31, 2012..3.26 Events after the reporting date
The Corporation didn't face any events which are likely to have a significant impact on the financial condition, cash flows or results of operations of the Corporation in the period between the reporting date and the date of financial statements signature.
President: V.A. Lopota /signature/
Chief Accountant: E.M. Korogodina /signature/
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OJSC «RSC Energiya»
Notes to the balance sheet and financial results for 2012.
Stamp: Open Joint Stock Company "Rocket and Space Corporation "Energiya", the Russian Federation, Korolev, Moscow Oblast, OJSC "RSC Energiya".
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AUDITORS' REPORT
On accounting (financial) statements of "RSC "Energiya" for 2012, addressed to shareholders of "RSC "Energiya" and other users of statements
HLB PACC-Audit
Closed Joint Stock Company "H L B PACC-Audit"
Member of a self-controlled organization of auditors of the non-commercial partnership "Institute of Professional Auditors" (IPAR), certificate no. 34, included in the register of auditors and audit firms of the aforesaid organization of auditors on 28.12.2009 with a primary registration number 10302022506
The Certificate of State Registration of a Closed Joint Stock Company "H L B PACC-Audit" No. 549063, issued on November 13, 1995 by the Moscow Registration Chamber
Location: 109341, Moscow, Verhnie Polya st. 18, prem. 6
Postal address: 123610 Moscow, Krasnopresnenskaya nab. 12, ITC.
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This report is addressed to shareholders of" RSC "Energiya" and other users of financial statements
iii¡;
Information about an audited entity:NameMain state registration number Location
Information about an auditor:NameMain state registration numberLocationPostal addressName of the a self-controlled organization of auditorsMain registration number in a registry of audit organizations
OJSC «RSC «Energiya»1025002032538141070, Moscow oblast, Korolev, Lenina st. 4a
CJSC "HLB PACC-Audit"1027739402096109341, Moscow, Verhnie Polya st. 18, prem. 6 123610 Moscow, Krasnopresnenskaya nab. 12, ITC NP "IPAR", certificate no. 3410302022506, dated 28.12.2009
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We have audited the accompanying financial statements of "RSC" Energiya" for 2012. The financial statements of "RSC" Energiya" for 2012 consist of: balance sheet as of 31.12.2012, report on financial results for 2012, statement of changes in equity for 2012 , statement of cash flows for 2012, notes to the balance sheet and the financial results report for 2012:
Responsibility of an entity for financial statements
Management of an audited entity is responsible for preparation and fair presentation of these financial statements in accordance with corresponding accounting standards and for internal control, necessary for preparation of financial statements, which are free from material misstatement, whether due to fraud or errors.
Auditor's responsibility
Our responsibility is to express an opinion on these financial statements on the basis of our audit. We conducted our audit in accordance with federal auditing standards. These standards require that we shall comply with ethical requirements and requirements towards planning and performance of the audit, used to obtain reasonable assurance about whether the financial statements are free of material misstatements.An audit procedure involves performance of measures, used to obtain audit evidence, proving indicators and disclosing information in financial statements. The choice of audit procedures is a part of the auditor's judgment, based on assessment of risks of material misstatement, whether due to fraud or errors. The process of risk assessment includes our consideration of a system of internal control, providing preparation and fair presentation of financial statements, made in order to perform appropriate audit procedures, but not for a purpose of expressing an opinion on effectiveness of internal control. The audit procedure also includes evaluation of appropriateness of used accounting policies and reasonableness of estimates made by the management, as well as evaluation of an overall presentation of financial statements as a whole.
We believe that the audit evidence provides a reasonable basis for our opinion on aforesaid financial statements.
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Opinion
In our opinion, financial statements of "RSC "Energiya" present information on financial position of "RSC "Energiya" fairly, in all material respects as of December 31, 2012. Statements also provide results of operations and cash flows for 2012 in accordance with accounting standards of the Russian Federation.Director of a department of an audit company "HLB PACC-Audit"
I.G. Marich
/signature/
Stamp
On the basis of the power of attorney No.5, dated January 18, 2012. Auditor qualification certificate No. 02-000108, dated 22.02.2012, unlimited term, member of the NP "MPAR", membership certificate No. 629, dated 15.04.2005, ORN No. 20002001681
March 28, 2013
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OPEN JOINT STOCK COMPANY "ROCKET AND SPACE CORPORATION "ENERGIYA", NAMED AFTER S.P.KOROLEV
AUDIT COMMITTEE
Korolev, Moscow Oblast
11.04.2013
Members of the Audit Committee of "RSC "Energiya" are elected by the Annual General Meeting of Shareholders on 23 June 2012: Barinov S.A., Eliseeva L.V., Emelyanov V.S., Oreshkin O.A., Petrov M.N., Pleshakov O.Y., Polezhaev E.P., Solonin A.M., Tushunov D.Y., pursuant to authorities, set by the corresponding Federal Law "On Joint Stock Companies", charter of "RSC "Energiya" and the Regulations on the Audit Commission. All members audited financial and economic activities of "RSC" Energiya" for 2012.
The audit was conducted in respect of annual reports of "RSC "Energiya" for the period from January 1, 2012 to December 31, 2012.
The analysis was conducted on the basis of documents, accounting and tax records, registers and explanations, provided by the management of the Corporation.
The analysis involved checks of information disclosure on financial and economic activities, evaluation and accounting practices, as well as rules for financial (accounting) statements and annual reports creation. Financial (accounting) statements and annual reports were checked in the process of such analysis.
The Audit Commission used spot check methods for individual operations.
All analysis results are set out in an explanatory note of the Audit Commission for activity of the OJSC "RSC "Energiya" in 2012.
CONCLUSION
Based on the results of an audit of financial and economic activity of OJSC "RSC "Energiya", checking the results of activity for 2012, the Audit Commission concludes that:
1. Financial statements for 2012 present fair (in all material respects) financial position of "RSC "Energiya" and results of its operations for the period from January 01, 2012 to December 31, 2012;
2. Presented annual report of "RSC "Energiya" for 2012 contains reliable information in its essential provisions, the description of which is stipulated by the legislation of the Russian Federation;
3. Violations of the Federal Law "On Joint Stock Companies", charter of "RSC" Energiya", decisions of the General Meeting of Shareholders, Board of Directors, caused negative effects of "RSC" Energiya", were not detected.
Head of the Committee S.А. Barinov