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 UTK press releases

UTK

May 27, 2005

UTK accounts receivable in 2004 and 1Q2005

Krasnodar, May 27, 2005:  Southern Telecommunications Company (“UTK”) (RTS: KUBN, KUBNP; MICEX: UTEL, UTELP; ADR OTC: STJSY, KUE FRA), the principal fixed-line telecommunications provider for Russia’s Southern Federal District, reports its 2004 and 1Q2005 results of work with accounts receivable.

In 2004 absolute value of accounts receivable of "UTK" PJSC increased by RUR 134.9 mln (from RUR 1,744.6 mln to RUR 1,879.5 mln) including receivables for provided telecom services – by RUR 325.4 mln (from RUR 1,116.8 mln to RUR 1,442.2 mln). Level of accounts receivable with regard to 2004 annual gross revenue decreased by 1.9 % (from 13.0% to 11.1 %), share of receivables for provided telecom services was up 0.4 % (from 8.4% to 8.8 %).
Analysis of the dynamics of accounts receivable for provided telecom services by client segment showed a stable decrease in receivables with respect to annual tariff revenues from the corresponding client segments:

  • budget-funded organizations - by 4.9% (from 13.0% to 8.1 %);
  • individuals - by 0.9 % (from 6.2% to 5.3 %);
  • business sector – by 1.1 % (from 5.6% to 4.5 %).

According to 1Q2005 results UTK’s accounts receivable decreased year-on-year by RUR 366.2 mln (from RUR 2,303.9 mln to RUR 1,937.7 mln).
Level of accounts receivable for provided telecom services with regard to 1Q2005 tariff income decreased in all client segments except for receivables relating to non-compensation of payments for telecom services provided at reduced tariff rates to some categories of population:

  • from budget-funded organizations - by 42.4 %;
  • from individuals - by 9.7 %;
  • from business sector - by 4.2 %.


In 1Q2005 non-compensated expenses incurred by the Company  reduced by RUR 7 mln (from RUR 627 mln to RUR 620 mln).

Detailed report on the Companys accounts receivable can be accessed here: 2004 results.

 

 

 

Search by industry

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 I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer