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North-West Telecom  |
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| Compilation Date: | 29 Jul 10 |
Company Overview
General Info | |
| Full Company Name | JSC "North-West Telecom" |
| Industrial Group | Telecommunications |
| Number of Employees | 22,154 |
| Registration Date | 06 May 93 |
| Registered Address | 14/26, Gorokhovaya St. (26, Bolshaya Morskaya St.), St. Petersburg, 191186 |
| Main Office | 14/26, Gorokhovaya St. (26, Bolshaya Morskaya St.), St. Petersburg, 191186 |
| Telephone / Fax | (812) 315-4706, 312-5289; 719-9477 / (812) 710-6277, 719-9494 |
| e-mail | office@nwtelecom.ru ir@nwtelecom.ru |
| Internet Home Page | www.nwtelecom.ru |
| Registrar | JSC "United Registration Company" |
| Auditor | PricewaterhouseCoopers |
| Financial Adviser | JSC "Bank Saint Petersburg" |
| Legal Adviser | n. a. |
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Corporate Management |
| Chairman of the Board | Evgeniy Yurchenko | | General Director | Vladimir Akulich |
Price Highlights | |
| Price per Common Share, USD | 0.689807 |
| YTD Price Change, % | -1.82 |
| P/E Ratio | 5.0347 |
| Market Capitalization, USD | 607,751,422 |
| Common Shares in Free Float, % | 40.00 |
Operations Summary | |
North-West Telecom (formerly, St. Petersburg Telephone Network) is a provider of local public telephone services within the northwestern region of Russia, an area of 1.7 million sq. kilometers with a population of 13.5 million. On October 31, 2002, eight telecommunications operators of the northwestern region of Russia were merged with North-West Telecom within the framework of Svyazinvest’s restructuring program. On October 1, 2004, North-West Telecom completed the merger of another two regional fixed-line operators, Lensvyaz and Svyaz of the Komi Republic. After the merger, all regional operators became branches of North-West Telecom. Today, the company has an installed capacity of about 5.09 million lines and provides traditional telecom services, including local, intra-zonal, access to LD and ILD services of LD operators; local television and radio broadcasting; and, Internet and ISDN. North-West Telecom plans to reach a level of digitalization of the local network to 90% and to increase its installed capacity by 13% to 5.3 million lines by 2010. In 2008, the company invested RUR 13.52 billion into infrastructure and Internet communications development. In 2009 North-West Telecom plans to invest about RUR 3.8 billion. North-West Telecom shares are traded on the key Russian exchanges: RTS and MICEX. First level ADR of the company shares are traded on the Frankfurt Stock Exchange and on the US over-the-counter market. The company has ratings by Standard & Poor's (BB-) and Fitch Rating (BB-). |
Shares Information
Charter Capital Structure |
| Type of Share | Shares Outstanding | Nominal Value |
| Common Share | 881,045,433 | 1.00 RUR | | Preferred Share | 250,369,337 | 1.00 RUR |
Major Shareholders |
| Name | % of Voting Stock | % of Charter Capital |
| JSC "Telecommunications Investment Company" | 50.80 | 39.50 | | Closed JSC "The National Depository Center" | 14.80 | 19.30 | | Closed JSC "Depository Clearing Company" | 11.50 | 13.10 | | UBS AG | 12.50 | 11.70 | | Closed JSC "ING Bank (Eurasia)" | 5.30 | 5.00 |
Equity Positions in Other Companies |
| Name | % of Charter Capital |
| Novgorod Datacom Ltd. | 100.00 | | Parma-Inform Ltd. | 100.00 | | Close JSC "Peterburg Tranzit Telecom" | 100.00 | | RPK-Svyazist Ltd. | 100.00 | | Closed JSC "AMT" | 100.00 | | NWT-Finance Ltd. | 100.00 | | JSC "Kolatelecom" | 50.00 | | Closed JSC "WestBalt Telecom" | 28.00 | | Closed JSC "Rostelegraph" | 11.76 | | JSC "Svyazintek" | 11.00 |
Dividends History |
| Period | Payment per Share, USD | Number of Shares | Ex-Date | Payment Date | Payout Ratio, % | Dividend Yield, % |
| 1993 / com | 0.014476 | 12,742,960 | 18 Mar 94 | 31 Dec 94 | n. a. | n. a. | | 1993 / pref | 0.04748 | 2,806,200 | 18 Mar 94 | 31 Dec 94 | n. a. | n. a. | | 1994 / com | n. p. | 12,742,960 | - | - | - | - | | 1994 / pref | 0.165012 | 2,806,200 | 14 Mar 95 | 31 Dec 95 | n. a. | n. a. | | 1995 / com | n. p. | 12,742,960 | - | - | - | - | | 1995 / pref | 0.698439 | 2,806,200 | 15 Mar 96 | 31 Dec 96 | n. a. | n. a. | | 1996 / com | 0.002609 | 382,288,800 | 18 Mar 97 | 31 Dec 97 | 2.583023 | 0.071154 | | 1996 / pref | 0.028523 | 84,186,000 | 18 Mar 97 | 31 Dec 97 | 6.218635 | 0.036105 | | 1997 / com | 0.000001 | 382,288,800 | 27 Mar 98 | 31 Dec 98 | 0.001169 | 0.000021 | | 1997 / pref | 0.000008 | 84,186,000 | 27 Mar 98 | 31 Dec 98 | 0.002059 | 0.000009 | | 1998 / com | n. p. | 382,288,800 | - | - | - | - | | 1998 / pref | 0.00037 | 84,186,000 | 26 Apr 99 | 31 Dec 99 | 0.00 | 0.002849 | | 1999 / com | 0.000426 | 382,288,800 | 19 Apr 00 | 31 Dec 00 | 4.372538 | 0.038739 | | 1999 / pref | 0.002805 | 84,186,000 | 19 Apr 00 | 31 Dec 00 | 6.339102 | 0.035067 | | 2000 / com | 0.003948 | 473,056,966 | 30 Mar 01 | 31 Dec 01 | 13.932121 | 0.320133 | | 2000 / pref | 0.008527 | 114,440,851 | 30 Mar 01 | 31 Dec 01 | 7.278989 | 0.051679 | | 2001 / com | 0.002412 | 473,056,966 | 07 May 02 | 31 Dec 02 | 9.141191 | 0.172304 | | 2001 / pref | 0.007769 | 114,440,851 | 07 May 02 | 31 Dec 02 | 7.122482 | 0.040891 | | 2002 / com | 0.002307 | 735,917,222 | 02 May 03 | 31 Dec 04 | 11.027945 | 0.179782 | | 2002 / pref | 0.004789 | 202,022,788 | 02 May 03 | 31 Dec 03 | 6.284372 | 0.025207 | | 2003 / com | 0.002992 | 735,917,222 | 13 May 04 | 31 Dec 04 | 17.093769 | 0.227252 | | 2003 / pref | 0.01287 | 202,022,788 | 13 May 04 | 31 Dec 04 | 20.183633 | 0.042196 | | 2004 / com | 0.008653 | 881,045,433 | 09 May 05 | 15 Dec 05 | 31.126565 | 0.493501 | | 2004 / pref | 0.016363 | 250,369,337 | 09 May 05 | 15 Dec 05 | 16.72766 | 0.041743 | | 2005 / com | 0.010089 | 881,045,433 | 12 May 06 | 15 Dec 06 | 17.825974 | 0.336285 | | 2005 / pref | 0.024822 | 250,369,337 | 12 May 06 | 15 Dec 06 | 12.463437 | 0.032236 | | 2006 / com | 0.014616 | 881,045,433 | 03 May 07 | 15 Dec 07 | 27.530976 | 0.009265 | | 2006 / pref | 0.035127 | 250,369,337 | 03 May 07 | 15 Dec 07 | 18.802843 | 0.029321 | | 2007 / com | 0.023086 | 881,045,433 | 05 May 08 | 15 Dec 08 | 5.144957 | 0.013389 | | 2007 / pref | 0.143732 | 250,369,337 | 05 May 08 | 15 Dec 08 | 9.102563 | 0.117655 | | 2008 / com | 0.020534 | 881,045,433 | 30 Apr 09 | 15 Dec 09 | 17.567035 | 0.097451 | | 2008 / pref | 0.042632 | 250,369,337 | 30 Apr 09 | 15 Dec 09 | 10.364426 | 0.237692 | | 2009 / com | 0.018953 | 881,045,433 | 29 Apr 10 | 15 Dec 10 | 20.454062 | 0.027148 | | 2009 / pref | 0.039382 | 250,369,337 | 29 Apr 10 | 15 Dec 10 | 12.077395 | 0.074466 |
Stock Market
Instruments on Exchanges |
| Type of Instrument | Ticker | ISIN | Market |
| North-West Telecom | SPTL | RU0009046585 | MICEX | | North-West Telecom | SPTL | RU0009046585 | RTS Classic | | North-West Telecom | SPTLG | RU0009046585 | RTS T+0 | | North-West Telecom ADR | SQ4 | US6633161079 | Berlin Stock Ex | | North-West Telecom ADR | SQ4 | US6633161079 | Frankfurt SE | | North-West Telecom ADR | NWTEY | US6633161079 | US OTC | | North-West Telecom ADR | SQ4 | US6633161079 | XETRA | | North-West Telecom pref | SPTLP | RU0009107338 | MICEX | | North-West Telecom pref | SPTLP | RU0009107338 | RTS Classic | | North-West Telecom pref | SPTLPG | RU0009107338 | RTS T+0 |
Price Chart |
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Participation in DR Programs |
| Level | Effective Date | Underlying Share Ratio | CUSIP | Depositary Bank |
| Level 1 ADR | 04 Sep 01 | 1: 10 | 663316107 | J. P. Morgan |
Weightings in Indices |
| Name | Weight | Inclusion Date | Notes |
| RusIndex 100 | 0.08 | 01 Sep 97 | | | RusIndex Services | 0.39 | 10 Feb 99 | | | RusIndex Telecommunications | 1.73 | 01 Sep 97 | | | SPT-RusIndex | 12.73 | 01 Sep 97 | |
Fixed Income Instruments
Issue Parameters |
Issue #/ Tranche # | Registration Number | Registration Date | Period | Par Value, RUR | Issue Volume, RUR thnd | Number of Coupons | Coupon Period | Guarantee |
| 1 | 4-01-00119-À | 05 Mar 01 | 730 | 1,000 | 300,000 | 5 | 91 | Trubsnab | | 2 | 4-02-00119-À | 08 Jul 03 | 1,456 | 1,000 | 1,500,000 | 16 | 91 | North-West Telecom Finance | | 3 | 4-03-00119-À | 28 Dec 04 | 2,184 | 1,000 | 3,000,000 | 24 | 91 | SZT Finance | | 4 | 4-04-00119-À | 31 Oct 06 | 1,820 | 1,000 | 2,000,000 | 20 | 91 | SZT Finance | | 5 | 4-05-00119-À | 24 Oct 07 | 1,820 | 1,000 | 3,000,000 | 20 | 91 | | | 6 | 4-06-00119-A | 16 Oct 08 | 3,640 | 1,000 | 3,000,000 | 40 | 91 | |
Coupons |
Issue #/ Tranche # | Coupon # | Start Coupon Period | End Coupon Period | Coupon, % |
| 1 | 1 | 10 Apr 02 | 10 Jul 02 | 20.00 | | 1 | 2 | 10 Jul 02 | 09 Oct 02 | 19.00 | | 1 | 3 | 09 Oct 02 | 10 Apr 03 | 18.00 | | 1 | 4 | 10 Apr 03 | 09 Oct 03 | 16.00 | | 1 | 5 | 09 Oct 03 | 09 Apr 04 | 16.00 | | 2 | 1 | 08 Oct 03 | 07 Jan 04 | 14.20 | | 2 | 2 | 07 Jan 04 | 07 Apr 04 | 14.20 | | 2 | 3 | 07 Apr 04 | 07 Jul 04 | 14.20 | | 2 | 4 | 07 Jul 04 | 06 Oct 04 | 14.20 | | 2 | 5 | 06 Oct 04 | 05 Jan 05 | 13.20 | | 2 | 6 | 05 Jan 05 | 06 Apr 05 | 13.20 | | 2 | 7 | 06 Apr 05 | 06 Jul 05 | 13.20 | | 2 | 8 | 06 Jul 05 | 05 Oct 05 | 13.20 | | 2 | 9 | 05 Oct 05 | 04 Jan 06 | 13.20 | | 2 | 10 | 04 Jan 06 | 05 Apr 06 | 7.50 | | 2 | 11 | 05 Apr 06 | 05 Jul 06 | 7.50 | | 2 | 12 | 05 Jul 06 | 04 Oct 06 | 7.50 | | 2 | 13 | 04 Oct 06 | 03 Jan 07 | 7.50 | | 2 | 14 | 03 Jan 07 | 04 Apr 07 | 7.50 | | 2 | 15 | 04 Apr 07 | 04 Jul 07 | 7.50 | | 2 | 16 | 04 Jul 07 | 03 Oct 07 | 7.50 | | 3 | 1 | 03 Mar 05 | 02 Jun 05 | 9.25 | | 3 | 2 | 02 Jun 05 | 01 Sep 05 | 9.25 | | 3 | 3 | 01 Sep 05 | 01 Dec 05 | 9.25 | | 3 | 4 | 01 Dec 05 | 02 Mar 06 | 9.25 | | 3 | 5 | 02 Mar 06 | 01 Jun 06 | 9.25 | | 3 | 6 | 01 Jun 06 | 31 Aug 06 | 9.25 | | 3 | 7 | 31 Aug 06 | 30 Nov 06 | 9.25 | | 3 | 8 | 30 Nov 06 | 01 Mar 07 | 9.25 | | 3 | 9 | 01 Mar 07 | 31 May 07 | 9.25 | | 3 | 10 | 31 May 07 | 30 Aug 07 | 9.25 | | 3 | 11 | 30 Aug 07 | 29 Nov 07 | 9.25 | | 3 | 12 | 29 Nov 07 | 28 Feb 08 | 9.25 | | 3 | 13 | 28 Feb 08 | 29 May 08 | 8.60 | | 3 | 14 | 29 May 08 | 28 Aug 08 | 8.60 | | 3 | 15 | 28 Aug 08 | 27 Nov 08 | 8.60 | | 3 | 16 | 27 Nov 08 | 26 Feb 09 | 8.60 | | 3 | 17 | 26 Feb 09 | 28 May 09 | 8.60 | | 3 | 18 | 28 May 09 | 27 Aug 09 | 8.60 | | 3 | 19 | 27 Aug 09 | 26 Nov 09 | 8.60 | | 3 | 20 | 26 Nov 09 | 25 Feb 10 | 8.60 | | 3 | 21 | 25 Feb 10 | 27 May 10 | 8.60 | | 3 | 22 | 27 May 10 | 26 Aug 10 | 8.60 | | 3 | 23 | 26 Aug 10 | 25 Nov 10 | 8.60 | | 3 | 24 | 25 Nov 10 | 24 Feb 11 | 8.60 | | 4 | 1 | 14 Dec 06 | 15 Mar 07 | 8.10 | | 4 | 2 | 15 Mar 07 | 14 Jun 07 | 8.10 | | 4 | 3 | 14 Jun 07 | 13 Sep 07 | 8.10 | | 4 | 4 | 13 Sep 07 | 13 Dec 07 | 8.10 | | 4 | 5 | 13 Dec 07 | 13 Mar 08 | 8.10 | | 4 | 6 | 13 Mar 08 | 12 Jun 08 | 8.10 | | 4 | 7 | 12 Jun 08 | 11 Sep 08 | 8.10 | | 4 | 8 | 11 Sep 08 | 11 Dec 08 | 8.10 | | 4 | 9 | 11 Dec 08 | 12 Mar 09 | 8.10 | | 4 | 10 | 12 Mar 09 | 11 Jun 09 | 8.10 | | 4 | 11 | 11 Jun 09 | 10 Sep 09 | 8.10 | | 4 | 12 | 10 Sep 09 | 10 Dec 09 | 8.10 | | 4 | 13 | 10 Dec 09 | 11 Mar 10 | 8.10 | | 4 | 14 | 11 Mar 10 | 10 Jun 10 | 8.10 | | 4 | 15 | 10 Jun 10 | 09 Sep 10 | 8.10 | | 4 | 16 | 09 Sep 10 | 09 Dec 10 | 8.10 | | 4 | 17 | 09 Dec 10 | 10 Mar 11 | 8.10 | | 4 | 18 | 10 Mar 11 | 09 Jun 11 | 8.10 | | 4 | 19 | 09 Jun 11 | 08 Sep 11 | 8.10 | | 4 | 20 | 08 Sep 11 | 08 Dec 11 | 8.10 | | 5 | 1 | 28 May 08 | 26 Aug 08 | 8.40 | | 5 | 2 | 26 Aug 08 | 25 Nov 08 | 9.73 | | 5 | 3 | 25 Nov 08 | 24 Feb 09 | 15.00 | | 5 | 4 | 24 Feb 09 | 26 May 09 | 15.00 | | 5 | 5 | 26 May 09 | 25 Aug 09 | 15.00 | | 5 | 6 | 25 Aug 09 | 24 Nov 09 | 13.51 | | 5 | 7 | 24 Nov 09 | 23 Feb 10 | 9.65 | | 5 | 8 | 23 Feb 10 | 25 May 10 | 7.78 | | 5 | 9 | 25 May 10 | 24 Aug 10 | n. a. | | 5 | 10 | 24 Aug 10 | 23 Nov 10 | n. a. | | 5 | 11 | 23 Nov 10 | 22 Feb 11 | n. a. | | 5 | 12 | 22 Feb 11 | 24 May 11 | n. a. | | 5 | 13 | 24 May 11 | 23 Aug 11 | n. a. | | 5 | 14 | 23 Aug 11 | 22 Nov 11 | n. a. | | 5 | 15 | 22 Nov 11 | 21 Feb 12 | n. a. | | 5 | 16 | 21 Feb 12 | 22 May 12 | n. a. | | 5 | 17 | 22 May 12 | 21 Aug 12 | n. a. | | 5 | 18 | 21 Aug 12 | 20 Nov 12 | n. a. | | 5 | 19 | 20 Nov 12 | 19 Feb 13 | n. a. | | 5 | 20 | 19 Feb 13 | 21 May 13 | n. a. | | 6 | 1 | 05 Aug 09 | 04 Nov 09 | 11.70 | | 6 | 2 | 04 Nov 09 | 03 Feb 10 | 11.70 | | 6 | 3 | 03 Feb 10 | 05 May 10 | 11.70 | | 6 | 4 | 05 May 10 | 04 Aug 10 | 11.70 | | 6 | 5 | 04 Aug 10 | 03 Nov 10 | 11.70 | | 6 | 6 | 03 Nov 10 | 02 Feb 11 | 11.70 | | 6 | 7 | 02 Feb 11 | 04 May 11 | 11.70 | | 6 | 8 | 04 May 11 | 03 Aug 11 | 11.70 | | 6 | 9 | 03 Aug 11 | 02 Nov 11 | 11.70 | | 6 | 10 | 02 Nov 11 | 01 Feb 12 | 11.70 | | 6 | 11 | 01 Feb 12 | 02 May 12 | 11.70 | | 6 | 12 | 02 May 12 | 01 Aug 12 | 11.70 | | 6 | 13 | 01 Aug 12 | 31 Oct 12 | 11.70 | | 6 | 14 | 31 Oct 12 | 30 Jan 13 | 11.70 | | 6 | 15 | 30 Jan 13 | 01 May 13 | 11.70 | | 6 | 16 | 01 May 13 | 31 Jul 13 | 11.70 | | 6 | 17 | 31 Jul 13 | 30 Oct 13 | 11.70 | | 6 | 18 | 30 Oct 13 | 29 Jan 14 | 11.70 | | 6 | 19 | 29 Jan 14 | 30 Apr 14 | 11.70 | | 6 | 20 | 30 Apr 14 | 30 Jul 14 | 11.70 | | 6 | 21 | 30 Jul 14 | 29 Oct 14 | 11.70 | | 6 | 22 | 29 Oct 14 | 28 Jan 15 | 11.70 | | 6 | 23 | 28 Jan 15 | 29 Apr 15 | 11.70 | | 6 | 24 | 29 Apr 15 | 29 Jul 15 | 11.70 | | 6 | 25 | 29 Jul 15 | 28 Oct 15 | 11.70 | | 6 | 26 | 28 Oct 15 | 27 Jan 16 | 11.70 | | 6 | 27 | 27 Jan 16 | 27 Apr 16 | 11.70 | | 6 | 28 | 27 Apr 16 | 27 Jul 16 | 11.70 | | 6 | 29 | 27 Jul 16 | 26 Oct 16 | 11.70 | | 6 | 30 | 26 Oct 16 | 25 Jan 17 | 11.70 | | 6 | 31 | 25 Jan 17 | 26 Apr 17 | 11.70 | | 6 | 32 | 26 Apr 17 | 26 Jul 17 | 11.70 | | 6 | 33 | 26 Jul 17 | 25 Oct 17 | 11.70 | | 6 | 34 | 25 Oct 17 | 24 Jan 18 | 11.70 | | 6 | 35 | 24 Jan 18 | 25 Apr 18 | 11.70 | | 6 | 36 | 25 Apr 18 | 25 Jul 18 | 11.70 | | 6 | 37 | 25 Jul 18 | 24 Oct 18 | 11.70 | | 6 | 38 | 24 Oct 18 | 23 Jan 19 | 11.70 | | 6 | 39 | 23 Jan 19 | 24 Apr 19 | 11.70 | | 6 | 40 | 24 Apr 19 | 24 Jul 19 | 11.70 |
Primary Market |
Issue #/ Tranche # | Start Placement Date | End Placement Date | Placement Price, % | Volume Placed, RUR thnd | Maturity date | Offer Date | Offer price, % | Status | Issue Placement Registration Date |
| 1 | 10 Apr 02 | 10 Apr 02 | 96.50 | 300,000 | 09 Apr 04 | 10 Apr 03 | 96.78 | redeemed | 15 May 02 | | 2 | 08 Oct 03 | 08 Oct 03 | 100.00 | 1,500,000 | 03 Oct 07 | 05 Oct 05 | 100.00 | redeemed | 14 Nov 03 | | 3 | 03 Mar 05 | 03 Mar 05 | 100.00 | 3,000,000 | 24 Feb 11 | 06 Mar 08 | 100.00 | outstanding | 29 Mar 05 | | 4 | 14 Dec 06 | 14 Dec 06 | 100.00 | 2,000,000 | 08 Dec 11 | | | outstanding | 11 Jan 07 | | 5 | 27 May 08 | 27 May 08 | 100.00 | 3,000,000 | 21 May 13 | 25 May 10 | 100.00 | outstanding | 19 Jun 08 | | 6 | 05 Aug 09 | 05 Aug 09 | 100.00 | 3,000,000 | 24 Jul 19 | 03 Aug 11 | 102.50 | outstanding | 20 Aug 09 |
Key Financial Characteristics
Balance Sheet |
| | 31 Dec 08 | 31 Dec 09 | 31 Mar 10 | 31 Dec 08 | 31 Dec 09 | 31 Mar 10 |
| | RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
| RUR/USD Exchange rate | 29.38 | 30.25 | 29.50 |
| ASSETS, of which | 54,186 | 56,601 | 56,417 | 1,844.49 | 1,871.23 | 1,912.54 |
| Fixed Assets and Other Non-current Assets, of which | 48,941 | 51,218 | 50,665 | 1,665.95 | 1,693.27 | 1,717.54 |
| | Fixed Assets | 43,207 | 41,787 | 40,674 | 1,470.77 | 1,381.48 | 1,378.85 |
| | Intangible Assets | 5,207 | 5,326 | 5,566 | 177.25 | 176.08 | 188.69 |
| | Other Assets | 527 | 4,105 | 4,425 | 17.94 | 135.71 | 150.01 |
| Current Assets, of which | 5,245 | 5,383 | 5,752 | 178.54 | 177.96 | 194.99 |
| | Inventories | 460 | 431 | 355 | 15.66 | 14.25 | 12.03 |
| | Accounts Receivable | 2,596 | 2,928 | 4,043 | 88.37 | 96.8 | 137.06 |
| | Cash | 1,001 | 574 | 150 | 34.07 | 18.98 | 5.09 |
| | Other Current Assets | 1,188 | 1,450 | 1,204 | 40.44 | 47.94 | 40.82 |
| OWNER'S EQUITY, of which | 29,719 | 31,447 | 32,899 | 1,011.63 | 1,039.64 | 1,115.28 |
| | Charter Capital | 2,855 | 2,855 | 2,855 | 97.18 | 94.39 | 96.78 |
| | Reserves | 2,458 | -66 | -65 | 83.67 | -2.18 | -2.2 |
| | Retained Earnings | 24,406 | 28,658 | 30,109 | 830.78 | 947.43 | 1,020.7 |
| LIABILITIES, of which | 24,467 | 25,154 | 23,518 | 832.86 | 831.59 | 797.26 |
| | Long-Term Debt | 13,366 | 8,108 | 6,219 | 454.98 | 268.05 | 210.82 |
| | Short-Term Debt | 2,726 | 9,058 | 9,386 | 92.79 | 299.46 | 318.19 |
| | Accounts Payable | 4,281 | 3,853 | 3,631 | 145.73 | 127.38 | 123.09 |
| | Other Liabilities | 4,094 | 4,135 | 4,282 | 139.36 | 136.7 | 145.16 |
| Financial data standard | IAS | IAS | IAS | IAS | IAS | IAS |
| Audited | Audited | Unaudited | Audited | Audited | Unaudited |
| Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
P&L Account |
| | 31 Dec 08 | 31 Dec 09 | 31 Mar 10 | 31 Dec 08 | 31 Dec 09 | 31 Mar 10 |
| | RUR mn | RUR mn | RUR mn | USD mn | USD mn | USD mn |
| Average RUR/USD Exchange rate | 24.87 | 31.75 | 29.88 |
| Sales | 25,176 | 26,566 | 7,017 | 1,012.38 | 836.75 | 234.86 |
| Production Costs | 20,580 | 21,848 | 5,044 | 827.57 | 688.15 | 168.83 |
| Operating Profit | 4,596 | 4,718 | 1,973 | 184.82 | 148.6 | 66.04 |
| Other Income | -1,248 | -1,786 | -152 | -50.18 | -56.25 | -5.09 |
| Income Before Taxes | 3,348 | 2,932 | 1,821 | 134.63 | 92.35 | 60.95 |
| Net Income | 2,561 | 2,592 | 1,452 | 102.98 | 81.64 | 48.6 |
| Financial data standard | IAS | IAS | IAS | IAS | IAS | IAS |
| Audited | Audited | Unaudited | Audited | Audited | Unaudited |
| Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
Key Ratios |
| | 31 Dec 08 | 31 Dec 09 | 31 Mar 10 |
| Company Valuation Coefficients | |
| P/BV | 0.18 | 0.59 | 0.61 |
| P/S | 0.18 | 0.73 | 0.77 |
| P/E | 1.80 | 7.50 | 5.03 |
| Company Efficiency Coefficients | |
| Sales/Employee, USD thnd | 44.79 | 37.93 | 39.85 |
| Net Profit Margin, % | 10.17 | 9.76 | 15.27 |
| ROA, % | 5.33 | 4.41 | 7.02 |
| ROE, % | 9.45 | 7.99 | 12.33 |
| Turnover Coefficients | |
| Receivables Turnover | 12.28 | 9.08 | 7.46 |
| Assets Turnover | 0.52 | 0.45 | 0.46 |
| Inventory Turnover | 72.47 | 56.19 | 66.11 |
| Liabilities Turnover | 1.20 | 1.01 | 1.08 |
| Capital Structure Coefficients | |
| Equity Ratio | 0.55 | 0.56 | 0.58 |
| Debt Ratio | 0.45 | 0.44 | 0.42 |
| Equity/Debt | 1.21 | 1.25 | 1.40 |
| Current Liquidity | 0.70 | 0.40 | 0.43 |
| Quick Liquidity | 0.64 | 0.37 | 0.40 |
Production Overview
Production |
| Product | Measure | 2007 | 2008 | 2009 | Units |
|---|
| Access lines in use | 1 | 4,503,800 | 0 | 0 | lines | | Rural telephone network | 1 | 348,500 | 0 | 0 | lines | | Urban telephone network | 1 | 4,155,300 | 0 | 0 | lines | | Access lines installed | 1 | 5,093,100 | 5,174,900 | 5,234,000 | lines | | Rural telephone network | 1 | 410,200 | 0 | 0 | lines | | Urban telephone network | 1 | 4,682,900 | 0 | 0 | lines | | Digitalisation rate (Rural telephone network) | 1 | 34.3 | 0 | 0 | % | | Digitalisation rate (Urban telephone network) | 1 | 63.92 | 66.65 | 67.8 | % | | Telephones | 1 | 4,439,350 | 4,473,100 | 4,452,528 | units |
Capacity |
| Product | Measure | Capacity | Units |
| Access lines installed | 1 | 5,174,900 | lines | | Urban telephone network | 1 | 0 | lines | | Rural telephone network | 1 | 0 | lines |
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