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6<br />
<strong>VimpelCom</strong> / <strong>Annual</strong> <strong>Report</strong> <strong>2007</strong><br />
F<strong>in</strong>ancial Highlights<br />
Основные финансовые<br />
показатели<br />
FINANCIAL HIGHLIGHTS<br />
(In thousands of US dollars, except per share (ADS) amounts)<br />
(US GAAP)<br />
Operat<strong>in</strong>g Results <strong>2007</strong> 2006 2005<br />
Net operat<strong>in</strong>g revenues 7,171,098 4,867,978 3,211,118<br />
OIBDA (1) 3,596,743 2,451,783 1,571,310<br />
OIBDA marg<strong>in</strong> (2) 50.2% 50.4% 48.9%<br />
Net <strong>in</strong>come US$ 1,462,706 US$ 811,489 US$ 615,131<br />
% net operat<strong>in</strong>g revenues 20.4% 16.7% 19.2%<br />
Net <strong>in</strong>come per common share US$ 28.78 US$ 15.94 US$ 12.05<br />
Net <strong>in</strong>come per ADS equivalent (3) US$ 1.44 US$ 0.80 US$ 0.60<br />
Consolidated Balance Sheet Data<br />
(In thousands of US dollars)<br />
<strong>2007</strong> 2006 2005<br />
Cash and cash equivalents US$ 1,003,711 US$ 344,494 US$ 363,646<br />
Work<strong>in</strong>g capital (deficit) (272,784) (487,420) (457,927)<br />
Property and equipment, net 5,497,819 4,615,675 3,211,112<br />
Intangible assets, net exclud<strong>in</strong>g goodwill 1,177,713 1,182,726 1,023,304<br />
Total assets US$ 10,568,884 US$ 8,436,546 US$ 6,307,036<br />
Total debt <strong>in</strong>clud<strong>in</strong>g current portion 2,766,609 2,489,432 1,998,166<br />
Total liabilities <strong>in</strong>clud<strong>in</strong>g m<strong>in</strong>ority <strong>in</strong>terest 5,157,098 4,493,636 3,566,487<br />
Total shareholders’ equity US$ 5,411,786 US$ 3,942,910 US$ 2,740,549<br />
1. OIBDA is a non-U.S. GAAP f<strong>in</strong>ancial measure. OIBDA is def<strong>in</strong>ed as operat<strong>in</strong>g <strong>in</strong>come before depreciation and amortization. The Company believes<br />
that OIBDA provides useful <strong>in</strong>formation to <strong>in</strong>vestors because it is an <strong>in</strong>dicator of the strength and performance of our bus<strong>in</strong>ess operations,<br />
<strong>in</strong>clud<strong>in</strong>g our ability to f<strong>in</strong>ance capital expenditures, acquisitions and other <strong>in</strong>vestments and our ability to <strong>in</strong>cur and service debt. Reconciliation<br />
of OIBDA to operat<strong>in</strong>g <strong>in</strong>come, the most directly comparable U.S. GAAP f<strong>in</strong>ancial measure, is presented on the Company’s web site, located<br />
at http://www.vimpelcom.com/news/qrep.wbp?y=2008&id=a1562ced-db35-46c2-9464-3ccf832eec89.<br />
2. OIBDA marg<strong>in</strong> is OIBDA expressed as a percentage of net operat<strong>in</strong>g revenues. Reconciliation of OIBDA marg<strong>in</strong> to operat<strong>in</strong>g <strong>in</strong>come as<br />
a percentage of net operat<strong>in</strong>g revenues, the most directly comparable US GAAP f<strong>in</strong>ancial measure is presented on the Company’s web site located<br />
at http://www.vimpelcom.com/news/qrep.wbp?y=2008&id=a1562ced-db35-46c2-9464-3ccf832eec89.<br />
3. <strong>VimpelCom</strong> changed the ratio of its ADSs traded on The New York Stock Exchange from four ADRs for one common share to twenty ADRs<br />
for one common share effective August 21, <strong>2007</strong>.
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