print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Moscow City Telephone press releases

Moscow City Telephone

May 13, 2004

Moscow City Telephone Network has published the final adjusted audited financial reporting to RAS for Y 2003

Changes in the reporting support the company's general strategy aimed at increasing its financial transparency and responsibility to shareholders and investors.

Additional balance sheet entry 145 "Deferred tax assets", 515 "Deferred tax liabilities" as well as adjustments to the beginning retained earnings balance for previous years are among the distinctive features of the published reporting.

The adjusted beginning balance resulted in the reduction of the Company's actual net income as compared to projected from about RUR 2,157 million to RUR 1,937 million due to beginning of reflecting deferred taxes balance and the corresponding increase in retained earnings for previous years.

This approach supported by the auditor resulted in adjustment to previous years' retained earnings (RUR 1,247 million as of the beginning of the year, RUR 51,488 million as of the year-end) as well as the net income of RUR 1,937 million.

The company's final reporting to RAS is available in the Annual Reports section on the website. US GAAP reporting will be published right after the shareholder meeting which will take place on June 19, 2004.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer