4.14. Taxes For accounting of income and expenses at calculation of the taxable profit the Company uses the accrual method. Income and expenses are recognized in that accounting (tax) period in which they took place, regardless of actual inflow of monetary funds, other property or property rights. Cases of income and expenses incurrence at the accrual method are specified by the articles 271, 272, 316, 317 of the Tax Code of the Russian Federation. Tax computation by the results of 2009 was carried out on the basis of the tax accounting data. Taxable profit for the accounting period equaled 3 888 785 thousand rubles, income tax calculated at the rate of 20% equaled 777 757 thousand Rubles.
The earliest one of the following dates is recognized by the Company as the date of defining of the tax base for VAT calculation under the Chapter 21 of the Tax Code of the Russian Federation:
Day of dispatch (transfer) of goods (products, services), property rights.
Date of payment, partial payment against future delivery of goods (performance of works, rendered services), transfer of property rights.
The sum of the value-added tax accrued for payment for 2009 is 2 117 061 thousand Rubles.
Tax base of the property tax is fixed by the Company on the basis of the fixed assets cost reflected in the Company’s asset side of the sheet-balance. The fixed assets are taken into account at the replacement cost. The sum of property tax for 2009 is 160 504 thousand Rubles.
Accrual and payment of other taxes and dues is performed under the legislation on taxes and dues which regulates the order of accrual and payment of correspondent taxes and dues.
4.15. Deferred tax assets and deferred tax liabilities The Company reflects in the accounting differences which arise due to divergence between the accounting income and the income calculated in accordance with the requirements of Chapter 25 of the Tax Code (TC) of the Russian Federation.
Obligatory character and rules of formation of such indicators are specified by RAS 18/02 “Accounting of the income tax calculations”
Provisional profits tax expense for 2009 is:
Provisional expense = accounting income x 20% = 2 394 707 x 20% = 478 941 thousand Rubles.
Transfer from the accounting income to taxable income for 2009 is presented in the table:
- 1 025 thousand Rubles – in respect of undistributed contributions to NSPF.
Amount of written-off deferred tax liabilities is 4 836 thousand Rubles, including:
- 1 975 thousand Rubles – from liquidation of fixed assets;
- 882 thousand Rubles – from write-off or sale of overall;
- 1 979 thousand Rubles - from write-off of expenses of future periods
4.16. Earnings per share
Basic earnings per share reflect part of earnings of the accounting period which may be implicitly distributed between shareholders – holders of ordinary shares. It is calculated as ratio of basic earnings for the accounting year to average quantity of ordinary shares circulating during the accounting year. Basic earnings equal net earnings of the accounting year (line code 190 of the profit and loss statement).
Basic earnings for the accounting year, RUR
Average quantity of ordinary shares circulating during the accounting year, thousand shares
Diluted earnings per share are not calculated according to the section 4 of the clause 16 of the Order of Ministry of Finance of the Russian Federation No. 29n dated 21.03.2000 “On approval of Methodic recommendations regarding disclosure of information on income per share”.
4.17. Information disclosure in accordance with the Federal Law No. 261 dated 23.11.09 “On energy savings and on raising of energy efficiency and on introduction of alterations into certain legislative acts of the Russian Federation”
In the course of business activity IDGC of Centre, JSC consumes electric power and heat/energy for business needs.
In 2009 electric power in the amount of 376 608 thousand rubles and heat/energy in the amount of 44 263 thousand rubles were consumed for balance-of-plan needs.
4.18. Related parties
Name of company
Field of activities
Share in authorized capital %
Sanatorium-Preventorium “Energetik”, JSC
Organization and performance of health resort treatment
The Company does not perform any transactions and does not have unaffected payments to key managing officers and their close relatives except for payments of remuneration to them in form of salary, premiums and other payments indicated in the table.
Payments to key management personnel.
Category of key management personnel and kinds of payments