News

News

Annual General Meeting of Shareholders of OAO Irkutskenergo held on May 25 in Irkutsk

On May 25, 2012, the Annual General Meeting of Shareholders of OAO Irkutskenergo was held in Irkutsk. The attendance of shareholders was 94.58 %. The shareholders made the following decisions:

• Approve the annual report and annual accounting statements, including the profit and loss statement (profit and loss accounts). In 2011, energy output amounted to 59.328 bln kWh, which is 3.4% less than in the previous year. In 2011, heat energy output from collectors totaled 23.276 thousand Gcal (9.7% less than in 2010). In 2011, effective output of electric energy decreased by 3.4% compared to 2010 and amounted to 56.797 bln kWh. Effective supply of heat energy to consumers totaled 20.622 mln Gcal, which is 10.4% less than in 2010. In 2011, revenue from product sales amounted to RUB 60.537 bln, which is 16% more than in the previous year. Revenue from heat energy sales totaled RUB 12.4 bln (remaining at the level of the previous year). Revenue from sales of electricity and the Company’s own capacity amounted to RUB 32.372 bln (exceeding the previous year by RUB 4.578 bln). Revenue from sales of purchased electricity amounted to RUB 15.24 bln (RUB 3.613 bln more than in the previous year). In 2011, production cost of goods, products, works and services totaled RUB 44.375 bln (14% more than in the previous year).Taxes amounted to RUB 5 bln (18% more than in 2010). In 2011, EBITDA amounted to RUB 18.824 bln (which is 21% more than in the previous year).The Company’s net profit in 2011 amounted to RUB 12.274 bln (which is 30% more than in 2010).
Actual investment development in 2011 totaled RUB 4.215 bln. The total amount of investments in 2011 was RUB 0.11 bln less than in 2010;

• Allocate the profit of OAO Irkutskenergo for 2011 amounting to RUB 12.274 bln for the following purposes: for dividend payment - RUB 0.588 bln; for capital investments – RUB 1.339 bln; for long-term financial investments – RUB 6.862 bln; for R&D program – RUB 1.776 bln; for regional social events – RUB 0.125 bln; for working capital financing – RUB 1.583 bln;

• Pay annual dividends for 2011 on ordinary shares of OAO Irkutskenergo totaling RUB 588.224 mln in cash in the amount of RUB 0.1234 per share no later than 60 days after making the decision;

• Elect the following persons to the Board of Directors of OAO Irkutskenergo:

Igor Ageichev – Deputy CEO of OOO En+ Development,
Boris Kovalchuk —Chairman of the Management Board of OAO INTER RAO UES
Alexander Kiselev – Corporate Finance Director of OOO En+ Management,

Andrey Likhachev– CEO of OAO MOEK,
Elena Mironova – General Counsel (M&A) of OOO En+ Management,
Ilnar Mirsiyapov — member of the Management Board - Head of the Strategy and Investment Unit of OAO INTER RAO UES,
Pavel Okley – member of the Management Board – Head of the Operations Unit of OAO INTER RAO UES,
Dmitry Palunin – member of the Management Board – CFO of OAO INTER RAO UES,
Alexander Pakhomov – member of the Management Board – Head of the Legal Affairs Unit of OAO INTER RAO UES,
Alexander Sergeev – Managing Director for Energy and Power Business of OOO En+ Management,
Evgeny Tikhonov – Development Director of OAO EuroSibEnergo;

• Elect the following persons to the Audit Commission of OAO Irkutskenergo:

Elvira Alexandrova – Head of the Department of Accounting and Reporting on Production and Commercial Operations of OOO EuroSibEnergo-Consult,
Stanislav Legenza – Director of Economic and Financial Department of OAO Krasnoyarskaya HPP,
Irina Surina – Chief Accountant of OOO EuroSibEnergo-Consult,
Elena Talalykina – Chief Accountant of OAO EuroSibEnergo,
Irina Travkova– Accountant of OAO EuroSibEnergo;

• Approve ZAO 2K Audit-Business Consulting / Morison International as the Company’s auditor for 2012.

Press service of OAO Irkutskenergo
May 25, 2012
May 25, 2012
View printable page