There are no deferred and back payments for services rendered by auditors.
Services (works) which are not connected directly with the audit of the financial reporting in the current and past financial year were not conducted by the auditors CJSC “HLB Vneshaudit” and CJSC “KPMG”.
1.4. Data on the appraiser (appraisers) of the issuer
1. Full name: Elman Bagirovich Arzumanov
The appraiser works on the grounds of the employment agreement with the legal entity
Phone: (495) 363-2848
Fax: (495) 981-4121
E-mail: mail@top-audit.ru
Information on the legal entity, with which the appraiser concluded the employment agreement
Full company name: Limited liability company “Auditing and consulting firm “Top-Audit”
Abbreviated company name: АCF “Top-Audit” Ltd
Location: 119017 Moscow, B. Ordynka street, 54, bld. 2
Taxpayer identification number: 7733059640
Primary State Registration Number (OGRN): 1027739441553
Data on membership of the appraiser in self-regulatory organizations of appraisers
Full name: Non-commercial partnership "Self-regulated interregional association of specialists-appraisers" (NP "SIASA")
Location
125315 Russia, Moscow, Leningradsky prospect 72 bld. 4 of. 2404
Date of registration of the appraiser in the register of self-regulated organization of appraisers: 25.01.2008
Registration number: 1636
Information on appraisal services rendered by this appraiser:
Re-appraisal of fixed assets for adoption of management resolutions
2. Full name: Alexey Sergeevich Sergeev
The appraiser works on the grounds of the employment agreement with the legal entity
Phone: (495) 363-2848
Fax: (495) 981-4121
E-mail: mail@top-audit.ru
Information on the legal entity, with which the appraiser concluded the employment agreement
Full company name: Limited liability company “Auditing and consulting firm “Top-Audit”
Abbreviated company name: АCF “Top-Audit” Ltd
Location: 119017 Moscow, B. Ordynka street, 54, bld. 2
Taxpayer identification number: 7733059640
Primary State Registration Number (OGRN): 1027739441553
Data on membership of the appraiser in self-regulatory organizations of appraisers
Full name: Non-commercial partnership "Self-regulated interregional association of specialists-appraisers" (NP "SIASA")
Location
125315 Russia, Moscow, Leningradsky prospect 72 bld. 4 of. 2404
Date of registration of the appraiser in the register of self-regulated organization of appraisers: 25.01.2008
Registration number: 1637
Information on appraisal services rendered by this appraiser:
Re-appraisal of fixed assets for adoption of management resolutions
3. Full name: Egor Yaroslavovich Shablya
The appraiser works on the grounds of the employment agreement with the legal entity
Phone: (812) 703-4041
Fax: (812) 703-3008
E-mail: mail@ipp.spb.ru
Information on the legal entity, with which the appraiser concluded the employment agreement
Full company name: Limited liability company “Institute of problems of entrepreneurship”
Abbreviated company name: IPE Ltd.
Location: Russia, 191119, Saint-Petersburg, Marat street, 92
Taxpayer identification number: 780211554456
Primary State Registration Number (OGRN): 1027800561458
Data on membership of the appraiser in self-regulatory organizations of appraisers
Full name: All-Russian public organization "Russian society of appraisers"
Location
107078, Russia, Moscow, the 1st Basmanny pereulok 2А of. 5
Date of registration of the appraiser in the register of self-regulated organization of appraisers: 10.01.2008
Registration number: 002794
Information on appraisal services rendered by this appraiser:
Re-appraisal of fixed assets for adoption of management resolutions
3. Full name: Sergey Yurievich Dmitriev
The appraiser works on the grounds of the employment agreement with the legal entity
Phone: (495) 933-7301
Fax: (495) 787-0601
E-mail: hr@deloitte.ru
Information on the legal entity, with which the appraiser concluded the employment agreement
Full company name: Closed Joint-stock company “Deloit Tush Tomatsu”
Abbreviated company name: DTT, JSC
Location: 103009, Moscow, Tverskaya street, 16/2
Taxpayer identification number: 7703097990
Primary State Registration Number (OGRN): 1027700425444
Data on membership of the appraiser in self-regulatory organizations of appraisers
Full name: All-Russian public organization "Russian society of appraisers"
Location
107078, Russia, Moscow, the 1st Basmanny pereulok 2А of. 5
Date of registration of the appraiser in the register of self-regulated organization of appraisers: 07.11.2007
Registration number: 001403
Information on appraisal services rendered by this appraiser:
Re-appraisal of fixed assets for adoption of management resolutions
4. Full name: Alexey Vladimirovich Voronin
The appraiser works on the grounds of the employment agreement with the legal entity
Phone: (495) 933-7301
Fax: (495) 787-0601
E-mail: hr@deloitte.ru
Information on the legal entity, with which the appraiser concluded the employment agreement
Full company name: Closed Joint-stock company “Deloit Tush Tomatsu”
Abbreviated company name: DTT, JSC
Location: 103009, Moscow, Tverskaya street, 16/2
Taxpayer identification number: 7703097990
Primary State Registration Number (OGRN): 1027700425444
Data on membership of the appraiser in self-regulatory organizations of appraisers
Full name: Non-commercial partnership "Association of specialists-appriasers"
Location
125315 Russia, Moscow, Leningradsky prospect 72 bld. 4 of. 2404
Date of registration of the appraiser in the register of self-regulated organization of appraisers: 20.03.2009
Registration number: 2882
Information on appraisal services rendered by this appraiser:
Re-appraisal of fixed assets for adoption of management resolutions
1.5. Data on advisers of the issuer
The issuer did not attract financial consultants
1.6. Data on other persons who signed the quarterly report
Full name: Puzenko Svetlana Yurievna
Year of birth: 1960
Principle place of works:
Organization: Joint-Stock Company “Corporate Service Systems”
Position: Director for the Accounting Policy - Chief Accountant
II. Main information on financial and economic condition of the issuer
2.1. Indicators of financial and economic activities of the issuer
Unit of measure: thousand Rubles
Indicator
|
2005
|
2006
|
2007
|
2008
|
2009
|
2010, 3 months
|
Net assets cost, thousand rubles
|
12 446
|
26 055
|
74 875
|
39 700 562
|
41 285 248
|
42 867 496
|
Relation of the amount of involved funds to the capital and reserves, %
|
975.8
|
1 174.2
|
302.3
|
46.5
|
48.1
|
45.8
|
Relation of the amount of short-term liabilities to the capital and reserves, %
|
975.8
|
1 173.1
|
301.2
|
28.4
|
17.6
|
14.6
|
Cover of payments for debt service, %
|
0.1
|
0.2
|
0.6
|
53.6
|
104.5
|
233.8
|
Level of deferred debt, %
|
0
|
0
|
0
|
0
|
0
|
0.15
|
Turnover rate of the debt receivable, times.
|
3.9
|
2.7
|
11.5
|
4
|
9
|
2.2
|
Share of the dividends in the profit, %
|
95
|
18.7
|
0
|
0
|
0
|
0
|
Productivity of labour, rubles/people
|
5 280.333
|
3 722.484
|
6 107.826
|
1 584.518
|
1 943.628
|
556.857
|
Depreciation to the amount of proceeds, %
|
0.1
|
0.52
|
0.87
|
7.5
|
8.2
|
6.8
|
For calculation of these indicators, the method recommended by the Regulations for disclosing the information by issuers of issue securities approved by the Order of the Federal financial markets service of 10.10.2006 No.06-117/pz-n (as amended) was used.
Net assets value of the issuer is calculated according to order of estimation of net assets cost of the joint-stock companies approved by Order of the Ministry of Finance of the Russian Federation and Federal Commission for the Securities Market of 29.01.2003 No.10n, No.03-6/pz.
The relation of the amount of the involved funds to the capital and reserves, % - (Long-term liabilities as of the end of the reporting period + Short-term liabilities as of the end of the reporting period) / capital and reserves as of the end of the reporting period * 100
The relation of the amount of short-term liabilities to the capital and reserves, % - Short-term liabilities as of the end of the reporting period / capital and reserves as of the end of the reporting period * 100
Cover of payments on debt service, thousand rubles - (Net profit for the reporting period depreciation charges for the reporting period - dividends) / (liabilities which are subject to repayment in the reporting period + interest subject to payment in the reporting period)
Level of the deferred debt, % - the deferred debts as of the end of the reporting period / (Long-term liabilities as of the end of the reporting period + Short-term liabilities as of the end of the reporting period) * 100
Turnaround rate of debt receivable, times - the receipt from the goods, products, works, services / (debt receivable as of the end of the period under report – debt of participants (founders) under contributions to the authorized capital as of the end of the period under report).
Share of dividends in profit, % - Dividends under ordinary shares following the results of the completed fiscal year / Net profit following the results of the completed fiscal year - dividends under preferred shares following the results of the completed fiscal year *100
Labor productivity, rubles / people - Proceeds / Average number of employees
Amortization to volume of proceeds, % - Depreciation charges / Proceeds * 100.
The analysis of solvency and financial position of the issuer on the basis of the economic analysis of the given indicators:
Net asset value (NAV) of the issuer during the analyzed period exceeded amount of the authorized capital that is the main indicator of stability of financial condition of the enterprise. Besides, for the last quarter, net asset value increased in comparison with the last date under reporting by 1 582,2 mln Rubles or 3,83%.
Relation of the amount of the involved funds to the capital and reserve characterize leverage ratio and show the degree of its usage in total amount of funds invested into the enterprise. In comparison with the similar period of the last year this indicator increased from 47% up to 45,8%, that comes from increase of leverage ratio.
Dynamics of relation indicator of the short-term liabilities amount to the capital and reserves has the same tendency as the previous one.
Zero value of indicator "Level of the deferred debt" testifies absence of the delayed debts of the issuer that characterizes ability of the issuer in due time to be accountable under its liabilities
Level of paying capacity and financial stability of organization depends on rate of accounts receivable turnover, which characterizes the organization performance. As of 31.03.2010 accounts receivable turnover is 2,2, what exceeds the analogous indicator as of March 31, 2009.
Labor efficiency is an indicator characterizing volume of the produced products per one employee. Labor efficiency for the 1st quarter 2010 is lower than that for the same period of the last year by 1,2 %, what is explained by increase of average number of employees by 19,2%.
Indicator of depreciation to the proceeds volume for the 1st quarter 2010 is lower than that for the same period of the last year by 0,7%, what is connected with the proceeds growth by 18,2%.
As a whole, values of considered indicators allow to come to a conclusion that the financial position of the issuer in the considered period is stable.
2.2. Market capitalization of the issuer
Market capitalization is calculated as multiplying number of shares of the relevant category (type) by the market price of one share disclosed by the trade organizer at securities market and determined in accordance with the Procedure of calculation of equity securities market price and investments units of unit investment funds admitted to circulation through trade organizers approved by the Order of Federal Securities Commission of Russia N 03-52/ps dated 24.12.2003.
Indicator
|
2005*
|
2006*
|
2007*
|
2008
|
2009
|
1 quarter, 2010
|
Market capitalization, thousand rubles
|
12 446 000
|
26 055 000
|
74 785 000
|
15 916 164 000
|
34 112 097 000
|
52 350 247 000
|
Information on trade organizer at securities market, on the grounds of which data calculation of the market capitalization is carried out, as well as another additional information on public circulation of securities at the issuer’s discretion:
The information on the issuer’s market capitalization for the 4th quarter 2009 is given above basing on data of Closed JSC “Stock exchange MICEX” .
Information on the trade organizer in stock market: Closed JSC "Moscow Interbank Currency Exchange", 13, Bolshoy Kislovsky Lane, Moscow. Telephone: +7 (495) 234-48-11, Fax: +7 (495) 705-96-22.
The issuer’s shares are admitted to circulation at “RTS”, JSC as well, bld. 1, 38, Dolgorukovskaya St., Moscow. Telephone: +7 (495) 705-90-31, Fax: +7 (495) 733-97-03.
Supplementary information disclosed by the issuer in accordance with the Regulation on information policy of the Company (Minutes of the Board of Directors No. 009/06 dated 18.10.2006):
The information on the market capitalization of the issuer is presented for each completed fiscal year and as of the date of termination of the last completed reporting period:
Period
|
Market capitalization of the issuer, thousand rubles
|
2005*
|
12 446
|
2006*
|
26 055
|
2007*
|
74 785
|
1 quarter of 2008*
|
38 994 280
|
2 quarter of 2008 **
|
39 259 175
|
|
MICEX Stock Exchange, JSC, thousand rubles
|
RTS, JSC,
thousand rubles
|
3 quarter of 2008
|
26 090 688
|
-
|
4 quarter of 2008
|
15 916 164
|
-
|
2008
|
15 916 164
|
-
|
1 quarter of 2009
|
17 056 048
|
15 520 160
|
2 quarter of 2009
|
26 808 393
|
-
|
3 quarter of 2009
|
37 742 840
|
-
|
4 quarter of 2009
|
34 112 097
|
30 886 224
|
2009
|
34 112 097
|
30 886 224
|
1 quarter of 2010
|
52 350 247
|
-
|
* - As before 21.05.2008 shares of the issuer were not included in the organized securities market, it was impossible to define market capitalization of the issuer in accordance with the methods defined in the Regulations for Disclosing the Information by Issuers of Issue Securities approved by the Order of FFMS of Russia as of 10.10.2006 No.06-117/pz-n (as amended). Market capitalization of the issuer for 2005, 2006, 2007, and 1st quarter of 2008 was defined as net asset value of the issuer as of the date of the end of each fiscal year and quarter. Calculation of net asset value of the issuer was executed under method defined in the Procedure of Estimation of Net Asset Value of Joint-Stock Companies approved by the Order of the Ministry of Finance of Russia and Federal Commission for the Securities Market of Russia as of 29 January 2003 No. 10n/03-6/pz.
** - In spite of the fact that since 21.05.2008 the Company shares are registered in trading systems of MICEX Stock Exchange, JSC and RTS, JSC, trading on a number of additional issues does not allow to define market value according to the Procedure of Payment of Market Price of Issue Securities and Investment Shares of Share Investment Funds admitted to circulation through organizers of trade (approved by the decision of the Federal Commission for the Market Securities of the Russian Federation as of 24 December 2003 No. 03-52/ps). Thereof, in the second quarter 2008, it is also impossible to define market capitalization of the issuer under the method approved by the Regulations for Disclosing the Information by Issuers of Issue Securities approved by Order of FFMS of Russia as of 10 October 2006 No.06-117/pz-n (as amended). Market capitalization of the issuer for 2nd quarter of 2008 was defined as net asset value of the issuer as of the date of quarter closing. Calculation of net asset value of the issuer was executed under method defined in the Procedure of Estimation of Net Asset Value of Joint-Stock Companies approved by the Order of the Ministry of Finance of Russia and Federal Commission for the Securities Market of Russia as of 29 January 2003 No. 10n/03-6/pz.
2.3. Liabilities of the issuer
2.3.1. Accounts payable
| 