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Uralsvyazinform

February 12, 2004

2003 preliminary performance statement under RAS

As of 2003 the preliminary unconsolidated revenues of Uralsvyazinform totaled USD 634,4 mln (+34,6% as compared to 2002), revenues from telecommunication services reached USD 565,7 mln (+31,6%).

The structure of revenues from telecommunication services in 2003 is as follows:

  • DLD and ILD services - 48,0% (46,7% in 2002);
  • Local services - 33,7% (31,7%);
  • Mobile services* - 10,7% (9,5%);
  • New services (including Internet, intelligent network, IP telephony) - 2,6% (2,2 %);
  • Other services (TV and radio broadcasting and others) - 5,0% (9,9%);
    *Revenues solely from 100% owned mobile business (GSM 900/1800, NMT 450i).
Operating expenses are estimated at USD 453,8 mln (+30,2% as compared to similar indicator of 2002). The expenditure structure in 2003 is as follows:
  • Wages - 29,7% (29,8% in 2002);
  • Depreciation - 13,5% (13,4%);
  • Taxes and deductions - 9,1% (11,0%);
  • Other operating expenses - 47,7% (45,8%);
  • Including Rostelecom fees - 14,4% (13,6%)
By estimate as of 2003 year-end, EBITDA will total USD 241,7 mln (+42,5%), operating profit - USD 180,6 mln (+46,8%), pre-tax profit - USD 84,6 mln (+90,5%), net profit - USD 52,4 mln (+84,5%).

The CAPEX volume amounted to USD 225,9 mln (+42,1% versus 2002).

As of 2003 the company's staff decreased to 35,1 thousand (-1,5% compared to the similar figure of 2002).

The fixed-line subscriber base totaled 3,2 mln by Jan 1, 2004, where urban and rural lines scored 2,8 mln and 0,4 mln respectively. The overall fixed-line penetration across the company equaled 20,8%.

Provisionally, the installed capacity of fixed-line networks amounted to 3 393 thousand lines by 2003 year-end (+2,1% as compared to 2002), with 3 201 thousand (+7,4%) being in use.

The equipped capacity of GSM networks (including subsidiary businesses) reached 1,1 mln lines. The 100% owned mobile business along with shares held by Uralsvyazinform in subsidiary businesses is as given below:

 

 

 

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