Moscow, Russia – August 14, 2013 – Rostelecom OJSC (MICEX - RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’snational telecommunications operator, today announces that its financial statements for the first half of 2013, under Russian Accounting Standards (“RAS”), have been made available in the “Investor Relations” section of its corporate website.
The Company would like to draw investors’, shareholders’ and other stakeholders’ attention to certain key points relating to the first half results for 2013 which should be taken into account during their analysis.
Rostelecom’s financial results under RAS for the first half of 2013 exclude any contribution from its subsidiaries, including OJSC NTC, CJSC Sky Link and mobile subsidiaries. The Company’s balance sheet as at June 30, 2013, comprises only Rostelecom’s performance, but it also excludes the contributions of its subsidiary companies.
Moreover, when analysing the first six months trends for the 2013 RAS results, it is essential to take into account one-off income and expenditure that occurred in the first quarter of 2012 which related to the organization of the video surveillance project during the Russian presidential elections.
Rostelecom intends to publish its financial and operational results under IFRS according to the Company’s consolidated statements for the second quarter of 2013 on August 22, 2013. These results will include contributions from Rostelecom and its subsidiaries, including OJSC NTC, CJSC Sky Link, as well as the Company’s mobile subsidiaries and affiliated companies.