Full year 2011 highlights

  • Consolidated revenues up 7% year on year to RUB 296.0 billion
  • OIBDA up 11% year on year to RUB 117.7 billion with OIBDA margin of 39.8%
  • Net income up 47% year on year to RUB 46.1 billion
  • Capital expenditure1 of RUB 82.8 billion representing 28% of the consolidated revenues
  • Net debt2 of RUB 152.4 billion (net debt / OIBDA of x1.3) as of December 31, 2011
  • Total broadband subscriber base up 24% year on year to 8.2 billion
  • Total Pay-TV subscriber base increased by over six times year on year to 5.9 million

1 Here and below, capital expenditure ("CAPEX") comprises cash spent on purchase of property, plant and equipment and intangible assets
2 Here and below, net debt is calculated as the sum of long-term loans and short-term borrowings minus cash and cash equivalents and short-term investments