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48
VimpelCom / Annual Report 2007
Year ended Year ended Year ended November 1 to
Ukraine December 31, 2007 December 31, 2006 % change December 31, 2006 December 31, 2005
(In millions of U.S. dollars, except % change)
Total net operating revenues from
external customers 105.5 33.7 213.0 33.7 2.0
Depreciation and amortization 43.7 27.0 61.9 27.0 2.8
Operating income (43.2) (61.7) – (61.7) (4.2)
Income before income
taxes and minority
interest (62.7) (68.6) – (68.6) (4.5)
Income tax expense (3.1) (7.6) – (7.6) (0.5)
Net income (59.6) (61.0) – (61.0) (4.0)
Year ended Year ended % change
Tajikistan December 31, December 31,
2007 2006
(In millions of U.S. dollars, except % change)
Total net operating revenues
from external customers 23.7 1.2 1,903.8
Depreciation and amortization 4.0 1.0 300.2
Operating income (1.2) (3.4) –
Income before income taxes
and minority interest (4.5) (4.4) –
Income tax expense 1.3 – –
Net income (5.8) (4.4) –
Year ended February 1, 2006 to
Uzbekistan December 31, 2007 December 31, 2006
(In millions of U.S. dollars)
Total net operating revenues
from external customers 107.4 55.4
Depreciation and amortization 29.2 20.2
Operating income 25.5 11.9
Income before income taxes
and minority interest 21.6 10.8
Income tax expense 2.0 2.6
Net income 19.6 8.2
Year ended July 1, 2006 to
Georgia December 31, 2007 December 31, 2006
(In millions of U.S. dollars)
Total net operating revenues
from external customers 1.5 –
Depreciation and amortization 7.2 1.9
Operating income (14.6) (2.5)
Income before income taxes
and minority interest (14.1) (2.1)
Income tax expense 0.8 –
Net income (14.9) (2.0)
Year ended November 16, 2006 to
Armenia December 31, 2007 December 31, 2006
(In millions of U.S. dollars)
Total net operating revenues
from external customers 235.1 27.4
Depreciation and amortization 91.6 11.1
Operating income 31.1 2.2
Income before income taxes
and minority interest 27.6 4.0
Income tax expense 4.4 0.7
Net income 23.2 3.3
Year ended December 31,
Consolidated statements of income 2007 2006 2005
Other income and expenses:
Interest income 0.5% 0.3% 0.3%
Net foreign exchange gain 1.0% 0.5% 0.2%
Interest expense (2.7)% (3.8)% (4.6)%
Other income (expenses) 0.04% (0.8)% (0.2)%
Total other income and expenses (1.2)% (3.8)% (4.3)%
Income before income taxes,
minority interest and cumulative
effect of of change
in accounting principle 29.6% 24.9% 26.2%
Income tax expense 8.3% 8.0% 6.9%
Minority interest in earnings (losses)
of subsidiaries, before cumulative
effect of change
in accounting principle 0.9% 0.2% 0.1%
Income before cumulative effect
of change in accounting principle 20.4% 16.7% 19.2%
Cumulative effect of change
in accounting principle – 0.04% –
Net income 20.4% 16.7% 19.2%