Information about legal entities controlled by the Company that are of material significance

In the IFRS financial statements of RusHydro Group, information about material subsidiaries is disclosed by particular segments arranged into groups by activity areas.[1] RusHydro Group performs its activities in three main reporting segments, one of which is represented by the parent company of the Group, RusHydro.


  1. Joint-Stock Company RAO Energy Systems of the East (JSC RAO ES of the East)

The role performed for RusHydro Group and key activity areas:


The Company owns equity stakes in electricity companies operating in the Integrated Energy System of the East (Primorye, Khabarovsk Territory, Amur Region, Jewish Autonomous Region and the south of Yakutia) and in isolated energy systems (Yakutia, Sakhalin Region, Magadan Region, Kamchatka Territory), and implements investment projects of RusHydro Group in the Far Eastern Federal District (TPP Vostochnaya, off-site facilities of Yakutskaya GRES-2, Sakhalinskaya GRES-2, HPP in Sovetskaya Gavan, etc.).


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro owns 84.39% of the voting shares of JSC RAO ES of the East, and 99.98% of voting shares are consolidated in the ownership of RusHydro Group;
  • RusHydro exercises the powers of the sole executive body of JSC RAO ES of the East;
  • the Board of Directors of JSC RAO ES of the East is entirely made up of representatives of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, JSC RAO ES of the East interacts with RusHydro, JSC MC HydroOGC (which renders agency services for implementation of investment projects to JSC RAO ES of the East), and electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of RAO ES of the East".


  1. Public Joint-Stock Company Far East Electricity Company (PJSC FEEC)

The role performed for RusHydro Group and key activity areas:


The share of PJSC FEEC in the consolidated proceeds of RusHydro Group is 21.04%.


The Company is the main guaranteeing supplier of electricity for the public and enterprises of non-price zone II of the wholesale electricity market and has the status of a Single Purchaser performing the function of purchase and sale of electricity (capacity) to participants of the wholesale market of non-price zone II.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls PJSC FEEC through a controlled organization, JSC RAO ES of the East.
  • JSC RAO ES of the East owns 51.03% of voting shares of PJSC FEEC, and 52.16% of voting shares are consolidated in the ownership of RusHydro Group.
  • JSC ESC RusHydro, 100% of whose voting shares are owned by RusHydro Group, exercises the powers of the sole executive body of the Company.
  • 9 members of the Board of Directors of PJSC FEEC out of 15 were elected by the votes of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, PJSC FEEC deals with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of RAO ES of the East[2]".


 

  1. Joint-Stock Company Far East Generating Company (JSC FEGC)

The role performed for RusHydro Group and key activity areas:


The share of PJSC FEGC in the consolidated proceeds of RusHydro Group is 10.77%.


The Company produces heat and electricity and provides centralized heat supply for consumers in areas where power plants are located in the Khabarovsk and Primorsky Territories, Amur Region, Jewish Autonomous Region and the southern region of the Republic of Sakha (Yakutia). JSC FEGC is also assigned the function of heat sales to end consumers.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls JSC FEGC through a controlled organization, PJSC FEEC.
  • PJSC FEEC owns 100% – 1 share of voting shares of JSC FEGC, and 100% of voting shares are consolidated in the ownership of RusHydro Group.
  • The Board of Directors of JSC FEGC is entirely made up of delegates of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, JSC FEGC interacts with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of RAO ES of the East".


  1. Public Joint-Stock Company Yakutskenergo (PJSC Yakutskenergo)

The role performed for RusHydro Group and key activity areas:


The share of PJSC Yakutskenergo in the consolidated proceeds of RusHydro Group is 7.61%.


The Company produces electricity and heat and provides the functions of the guaranteeing supplier of electricity in the Republic of Sakha (Yakutia).


Mechanisms ensuring accountability and dependence within the Group:

  • JSC RAO ES of the East owns 49.37% of voting shares of PJSC Yakutskenergo.
  • RusHydro owns 27.80% of voting shares of PJSC Yakutskenergo.
  • 17% of voting shares are consolidated in the ownership of RusHydro Group.
  • The Board of Directors of PJSC Yakutskenergo is entirely made up of delegates of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, PJSC Yakutskenergo interacts with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of RAO ES of the East".


  1. Public Joint-Stock Company Krasnoyarskenergosbyt (PJSC Krasnoyarskenergosbyt)

The role performed for RusHydro Group and key activity areas:


The share of PJSC Krasnoyarskenergosbyt in the consolidated proceeds of RusHydro Group is 8.83%.


The Company is the main guaranteeing supplier of electricity for the public and enterprises on the territory of the Krasnoyarsk Territory.

PJSC Krasnoyarskenergosbyt also offers services for the sale, maintenance and repair of energy accounting meters, high-voltage testing of electrical equipment, and energy audit of facilities, and renders services under agency contracts.


Starting December 1, 2009, the Company renders services for management of multi-unit residential buildings.

Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls PJSC Krasnoyarskenergosbyt through the controlled companies JSC ESC RusHydro and JSC Hydroinvest.
  • JSC ESC RusHydro owns 66.33% of voting shares of PJSC Krasnoyarskenergosbyt, and 69.4% of voting shares are consolidated in the ownership of RusHydro Group.
  • JSC ESC RusHydro, 100% of whose voting shares are owned by RusHydro Group, exercises the powers of the sole executive body of the Company.
  • 7 out of 9 members of the Board of Directors of Krasnoyarskenergosbyt were elected by the votes of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, PJSC Krasnoyarskenergosbyt interacts with electricity companies of the Group, including JSC ESC RusHydro, which organizes electricity sales in RusHydro Group.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of ESC RusHydro"[3].


  1. Joint-Stock Company Zagorskaya PSHPP-2 (JSC Zagorskaya PSHPP-2)

The role performed for RusHydro Group and key activity areas:


The share of JSC Zagorskaya PSHPP-2 in the value of consolidated assets of RusHydro Group is 6.56%.


The Company implements measures for the organization of construction of Zagorskaya PSHPP-2.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro owns 100% of voting shares of JSC Zagorskaya PSHPP-2;
  • JSC MC HydroOGC, 100% of whose voting shares are owned by RusHydro, exercises the powers of the sole executive body of the Company.
  • The Board of Directors of JSC Zagorskaya PSHPP-2 is entirely made up of delegates of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, JSC Zagorskaya PSHPP-2 interacts with JSC MC HydroOGC, which performs the functions of the sole executive bodies of the majority of controlled companies of RusHydro Group that are customers of construction, and with design organizations of RusHydro Group.


Supplementary information: In the IFRS financial statements of RusHydro Group, JSC Zagorskaya PSHPP-2 is placed in "Other segments".


  1. Joint Stock Company Far-Eastern Grids Company (JSC «FEGC»)

The role performed for RusHydro Group and key activity areas:


The share of PJSC FEGC  in the value of consolidated assets of RusHydro Group is 5.28%.


The company is conducting operations within the United Power System of the East by transmitting electricity through power distribution networks in Amur region, Khabarovsk Krai, Jewish Autonomous region, Primorsky Krai and the southern region of Sahka Republic (Yakutia).


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls JSC FEGC through a controlled organization, PJSC FEEC.
  • PJSC FEEC owns 100% of voting shares of JSC FEGC.
  • The Board of Directors of JSC FEGC is entirely made up of delegates of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, JSC FEGC interacts with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of RAO ES of the East".


  1. Public joint stock company «Kamchatskenergo» (PJSC «Kamchatskenergo»)

The role performed for RusHydro Group and key activity areas:


The share of PJSC Kamchatskenergo in the consolidated proceeds of RusHydro Group is 5.86%.


The Company is the main guaranteeing supplier on the territory of the Kamchatka territory.


The company operates within an isolated electric power system. The main market for the products of PJSC "Kamchatskenergo" is the territory of the Kamchatka territory limited by the infrastructure capacities of the Company within the Central power unit.


Mechanisms ensuring accountability and dependence within the Group:

  • RusHydro controls PJSC Kamchatskenergo through a controlled organization, JSC RAO ES of the East.
  • JSC RAO ES of the East owns 98.68% of voting shares of PJSC Kamchatskenergo.
  • The Board of Directors of PJSC Kamchatskenergo is entirely made up of delegates of RusHydro Group.

Information about functional relations between key companies of the Group:


in its activity, PJSC Kamchatskenergo interacts with electricity companies of the Group in the Far Eastern Federal District.


Supplementary information:


In the IFRS financial statements of RusHydro Group, the Company is placed in the segment "Subgroup of RAO ES of the East".


[1] More detailed information about material companies is provided in the IFRS financial statements in the Section "Reporting"


[2] The segment "Subgroup of RAO ES of the East" consists of JSC RAO ES of the East and its subsidiaries that engage in the generation, distribution and sales of electricity and heat, primarily on the territory of the Far East, and transportation, construction, repair and other companies performing service functions.


[3] The segment "Subgroup of ESC RusHydro" comprises subsidiaries of the Group engaging in the sale of electricity to end consumers. All companies of this segment, except for JSC ESC RusHydro, have the status of guaranteeing suppliers, i.e. suppliers that are obliged to sign contracts for electricity supply with all end consumers in their region at their request.


* No change in the material control over material controlled legal entities has occurred

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