On May 31, 2002 OJSC Uralsvyazinform held its AGM. All told, 75.33% of the voting shareholders took part in the voting.  The meeting served as the forum for approval of the company's annual financial statements, accounting report, including the profit and loss statement, allocation of profits and losses and results of the 2001 fiscal year. 

During 2001 the company's revenue rose 34.3% compared to the previous year and stood at Rub 2.2 bn, while profit was Rub 331 mn and net profit was Rub 36 mn.  

Most of the company's revenue (32%) was generated from long-distance and international traffic, while 32% was derived from local traffic and 25% from wireless.  

The company's total number of lines in service stood at 655,000 at end 2001, and the number of subscribers totaled 580,000. The total number of wireless lines in service was 168,000 at end 2001, and the number of subscribers totaled 66,300.   

ARPS in 2001 was up 13.7% year-on-year and stood at Rub 3,300.  The total amount of investments in 2001 reached Rub 927 mn.  

The shareholders meeting adopted a decision to pay out 2001 dividends in the amount of Rub 0.0012 on common shares with a nominal value of Rub 0.12.  Dividends are to be paid out from August 1, 2002 until December 31, 2002. 

As a result of the voting the new composition of the Board of Directors is as follows: 

·           Vladimir I. Rybakin - Director General of OJSC Uralsvyazinform

·           Vadim E. Belov - vice Director General of OJSC Svyazinvest

·           Alla B. Grigoryeva - vice Director General of OJSC Svyazinvest

·           Yuri A. Bilibin - assistant to the Director General of OJSC Svyazinvest

·           Anton I. Osipchuk - first vice Director General of OJSC Svyazinvest

·           Leonid M. Perminov - shareholder of OJSC Uralsvyazinform

·           Vladimir A. Zhuk - Chairman of regional telecom employees' trade union committee

The Audit Committee was elected with the following members:  

1.      Vladimir V. Kozin - vice director, head of corporate finance and direct investment department for Svyazinvest

2.            Alexei S. Imanovich - chief specialist of the Internal Audit and Economic Analysis Department of Svyazinvest

3.            Sergei B. Yankovitsky - vice head of legal department of Uralsvyazinform

4.            Sergei V. Podosinov - chief specialist of the Internal Audit and Economic Analysis Department of Svyazinvest

5.            Irina V. Prokofieva - vice director - head of Internal Audit and Economic Analysis Department of Svyazinvest 

The new edition of the Charter of Uralsvyazinform was approved in accordance with the requirements of the Law on Joint Stock Companies, which became effective on January 1, 2002. 

The new edition of the Rules for Holding AGM was also approved.  

The Statute on the Board of Management was approved.  

Amendments to the Statute on the Audit Committee were adopted.  

 The company approved Ernst & Young as its official auditor at the AGM. 

A resolution was also passed to join ISKRA, the Association for Federal Telecom Operators