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Asset Valuation Methods

Assets valuation methods of the Company

Assets valuation of the Company is carried out in compliance with the requirements of Federal Law No.135-ФЗ dated 39.07.1998 (version 24.07.07) “On Assessment Activity in Russian Federation” as well as Assessment Standards, approved by the Order of Ministry for Economic Development of the Russian Federation.  Applied methods of assets valuation of the Company are carried out within cost-is-no-object approach, comparative and profitable approaches.

Net assets value assessment of the Company is carried out in compliance with the requirements of the Order of Ministry of Finance of the Russian Federation No.10н and FCSM (Federal Commission for the Securities Markets) No.03-6/пз dated 29.01.2003 “On Approval of the Order of Net Assets Value Assessment for Joint Stock Companies”.