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Recent news01.04.2010 |
|
Indicator, RUR, mln
|
2009 |
2008 |
Change, % |
|
Revenue from core activities |
21,856.9 |
20,883.8 |
4.7 |
|
incl. telecom services |
20,998.7 |
20,037.9 |
4.8 |
|
Intrazonal telephony |
3,435.7 |
3,720.6 |
-7.7 |
|
Local voice telephony |
9,501.4 |
9,330.4 |
1.8 |
|
Mobile radio, wire broadcasting, television |
361.2 |
339.2 |
6.5 |
|
Telegraphic, datacom and telematic services |
5,757.1 |
4,420.2 |
30.1 |
|
incl. datacom and Internet access |
5,580.4 |
4,259.9 |
31.0 |
|
Interconnect and traffic transit |
1,942.4 |
2,210.5 |
-12.1 |
|
Other core activities |
1.1 |
17.0 |
-93.5 |
|
Outsourcing and agency services |
478.8 |
520.4 |
-8.0 |
|
Non-core activities
|
379.3 |
325.5 |
16.5 |
Payrolls amounted to RUR 4,505.2 mln in 2009 (accounting for 27.6% of the expense breakdown), which is 1.8% less than in 2009 due to headcount reduction.
Depreciation of fixed assets increased by 12.1% to RUR 4,003.6 mln (24.5% of the expense breakdown).
Material expenses decreased by 3.0% to the level of RUR 1,682.3 mln (10.3% of the expense breakdown).
Interconnect expenses (including Rostelecom) increased by 7.2% and amounted to RUR 1,860.2 mln (11.4% of the expense breakdown).
Expense breakdown
|
Indicator, RUR, mln
|
2009 |
2008 |
Change, % |
|
Operating expenses |
16,313.1 |
15,778.2 |
3.4 |
|
Payrolls |
4,505.2 |
4,586.3 |
-1.8 |
|
Social insurance contributions |
1,090.3 |
1,106.7 |
-1.5 |
|
Depreciation of fixed assets |
4,003.6 |
3,573.0 |
12.1 |
|
Material expenses |
1,682.3 |
1,734.3 |
-3.0 |
|
Interconnect (including Rostelecom) |
1,860.2 |
1,735.2 |
7.2 |
|
Other |
3,171.5 |
3,042.7 |
4.2 |
The net profit indicator rose 3.3 times to RUR 1,845.7 mln as a result of higher efficiency of operating activities and an increase in positive exchange rate differences.
As a result of operations aimed at headcount reduction, the company managed to lower the total number of its in-house staff by 4.8% to 24,966 and raise the number of lines per employee by 3.0% to 159.8. In addition, the average payroll increased by 2.9% to RUR 14,896 mln in 2009.
The amount of capital investments in 2009 amounted to RUR 1,727.0 mln, which is 63.7% less than the 2008 level. The digitalization rate of the company’s local voice network increased by 1.76% and stood at 74.04% as of the beginning of 2010.
Headline efficiency indicators and other metrics
|
Indicator |
Unit of measurement |
2009 |
2008 |
Change, % |
|
EBITDA [1] |
RUR, mln |
8,550.8 |
6,648.1 |
28.6 |
|
EBITDA margin |
% |
39.1 |
31.8 |
7.3% |
|
Net profit |
RUR, mln |
1,845.7 |
557.0 |
231.3 |
|
Average number of in-house employees (not incl. outsourcing) |
employees |
24,996 |
26,250 |
-4.8 |
|
Average payroll |
RUR |
14,896.0 |
14,481.7 |
2.9 |
|
Number of main lines
|
‘000 units |
3,914.7 |
4,026.6 |
2.8 |
|
Number of lines per employee
|
Lines/employee |
159.8 |
155.1 |
3.0 |
|
Revenue per line |
RUR/line |
5,472.5 |
5,130.7 |
6.7 |
|
Digitalization of local voice network |
% |
74.04 |
72.28 |
1.76% |
|
Investments |
RUR, mln |
1,727.0 |
4,752.0 |
-63.7 |
In 2009 the company’s interest debt shrank by 19.4% to RUR 18,524.7 mln, while net debt decreased by 16.4% to RUR 18,004.5 mln, and the Net Debt/EBITDA ratio declined to 2.11x.
|
Indicator |
As of Dec. 31. 2009 |
As of Dec. 31. 2008 |
Change, % |
|
Interest debt [2], RUR, mln |
18,524.7 |
22,981.4 |
-19.4 |
|
Net debt [3], RUR, mln |
18,004.5 |
21,533.1 |
-16.4 |
|
Net Debt / EBITDA |
2.11 |
3.24 |
- |
“Today we look ahead to the future with confidence, and the company’s plans are extremely ambitious. In 2010 UTK will continue to decrease its debt load, strengthen cost cutting, and raise the efficiency of its investment activity. These actions will eventually strengthen the company’s positions on the telecommunications service market of southern Russia”, the general director of UTK Alexander Shipulin pointed out.
[1] EBITDA is calculated as earnings before taxation, interest payable, depreciation of fixed assets, lease payments, additional expenses for credits and loans adjusted for the amount of interest receivable.
[2] Interest debt is equal to long-term credit and loan obligations and short-term credit and loan obligations.
[3] Net debt is calculated as interest debt minus monetary funds.