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Sunday, 08/08/2004 11:14:22 AM

Sunday, August 08, 2004 11:14:22 AM

Post# of 39
JOINT STOCK COMPANY of "Mosenergo - Moscow Regional Administration of
Power System Management" totaled of the activity of company in the
first half-year of 2004
translated - unedited

06.08.2004
Moscow

In JOINT STOCK COMPANY of "Mosenergo - Moscow Regional Administration of Power System Management" on 6 August, 2004. staff conference took place. With the report about summing up of the results of the work of energy
company in the first half-year of the present year came out the deputy chief engineer on the electrotechnical part JOINT STOCK COMPANY of "Mosenergo - Moscow Regional Administration of Power System Management" Vadim Zinakov.

Since the beginning of 2004 the power stations OF JOINT STOCK COMPANY "Mosenergo - Moscow Regional Administration of Power System Management" produced 36,7 billion kVt·ch of electric power. Electric requirements of its own users in the first half-year of the present year to 3,2% exceeded the level of past year. The consumption of electric power increased in essence due to the commercial and budgetary subscribers. For guaranteeing the growing electric requirements of the Moscow region JOINT STOCK COMPANY of "Mosenergo - Moscow Regional Administration of Power System Management" during the first half-year
of 2004 stocked up 4 billion kVt·ch of electric power on the wholesale market.

From the collectors of power stations in the first half-year of 2004 it is tempered by 40,8 million gcal of thermal energy. In comparison with the past year reduction in the heat distribution composed 6,8%, which is caused by the higher average-daily temperature of surrounding
air.

In six months of 2004 the leave to the commodity production (without NDS) was 45,6 billion rubles. The leave to commodity production increased due to an increase in the sredneotpusknykh tariffs on the energy, and also increase in the useful leave to electrical energy. Increase in the useful leave in comparison with the analogous period of 2003 was 9,4 billion rubles, or almost 27%. Profit from sales to commodity production comprised more than 7 345 million rubles.

On the sums of six months of the present year after the payment of tax to the profit and other required payments the loss JOINT STOCK COMPANY of "Mosenergo - Moscow Regional Administration of Power System Management" was about 285 million rubles. Within the same period of 2003 clean profit was 1 307,6 million rubles. Reduction in the profit of energy company is connected, including with the fact, that up to now government RF not affirm the enumeration of property, with taxation of which are allowed the privileges. As a result sharply grew the payments JOINT STOCK COMPANY of "Mosenergo - Moscow Regional Administration of Power System Management" on the tax by the property.

Since the beginning of 2004 debts of the users of electric power taking into account delivery for the wholesale market for electric power grew by 20% (to 7 billion rubles). An increase in debts for the electrical energy is caused first of all by an increase of the debts of the wholesale user- resellers of electric power, and also enterprises in industry and Defense Ministry. At the same time debts of the users of thermal energy was reduced by
63,6%.


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