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Recent news27.07.2010 |
|
Indicator, RUR, mln |
H110 |
H109 |
Change, % |
|
Revenue from core types of activity |
11,424.9 |
10,751.1 |
6.3 |
|
incl. telecom revenue |
10,958.9 |
10,356.2 |
5.8 |
|
Intrazonal telephony |
1,588.3 |
1,725.3 |
-7.9 |
|
Local telephony |
4,982.4 |
4,746.0 |
5.0 |
|
Mobile and radio, wire broadcasting, radio broadcasting, television |
180.2 |
180.4 |
-0.1 |
|
Telegraph, datacom and telematic services
|
3,289.4 |
2,713.8 |
21.2 |
|
incl. datacom and ISP |
3,195.7 |
2,632.6 |
21.4 |
|
Interconnect and traffic transmission |
918.0 |
988.9 |
-7.2 |
|
Other types of core activities |
0.6 |
1.7 |
-64.7 |
|
Outsourcing and agency services |
218.6 |
230.0 |
-5.0 |
|
Non-core activities |
247.4 |
164.9 |
50.0 |
For the first six months of 2010 the company's payroll expenses rose by 8.8% and amounted to RUR 2,439.1 mln (28.9% in the company’s cost breakdown) in conjunction with the indexation of salaries made from February 1 through May 1, 2010.
The depreciation of plant, property and equipment increased by 3.7% to RUR 2,069.5 mln (24.5% of the total cost side).
Material expenses increased 5.1% to RUR 808.0 mln (9.6% of the total cost side).
Interconnect expenses (including Rostecom) decreased by 4.7% and amounted to RUR 885.6 mln (10.5% of the total cost side).
Cost breakdown
|
Indicator, RUR, mln
|
H110 |
H109
|
Change, % |
|
Operating expenses |
8,442.7 |
8,048.2 |
4.9 |
|
Payroll expenses |
2,439.1 |
2,242.7 |
8.8 |
|
Social insurance deductions |
626.4 |
573.0 |
9.3 |
|
Depreciation of PP&E |
2,069.5 |
1,995.1 |
3.7 |
|
Material expenses (total) |
808.0 |
768.7 |
5.1 |
|
Interconnect expenses (including Rostelecom) |
885.6 |
929.6 |
-4.7 |
|
Other |
1,614.1 |
1,539.1 |
4.9 |
In addition, EBITDA in the first six months of 2010 increased by 24.0% and amounted to RUR 4,808.8 mln, while EBITDA margin rose 6.0% to 42.1%.
As a result of lower interest expenses, higher efficiency of operating activity and an increase in positive foreign exchange rate differences, net profit amounted to RUR 1,541.6 mln, which is 3 times higher y-o-y.
As a result of an improvement in the management structure and headcount reduction the average number of main employees decreased by 5.3% to 23,883. In addition, a 2.6% rise was recorded in the number of lines per employee, up to 163.5 lines per employee.
The total amount of capital investments in the first six months of 2010 amounted to RUR 1,305.6 mln, which is more than five times the level of this metric in the first six months of 2009. Furthermore, the digitalization of UTK’s local voice network rose 1.76% and reached 74.2%.
Main efficiency indicators and other metrics
|
Indicator |
Unit of measurement |
H110 |
H109
|
Change, % |
|
EBITDA* |
RUR, mln |
4,808.8 |
3,876.9 |
24.0 |
|
EBITDA margin |
% |
42.1 |
36.1 |
6.0 |
|
Net profit/loss |
RUR, mln |
1,541.6 |
517.8 |
197.7 |
|
Average number of main employees (not incl. those who work concurrently) |
# |
23,883 |
25,214 |
-5.3 |
|
Number of lines per employee |
lines/employee |
163.5 |
159.4 |
2.6 |
|
Revenue per line |
RUR/line |
2,926.1 |
2,675.3 |
9.4 |
|
Digitalization rate of local voice network |
% |
74.2 |
72.44 |
1.76 |
|
Investments |
RUR, mln |
1,305.6 |
252.3 |
417.5 |
[1] EBITDA is calculated as the sum of profit before taxation, interest expenses, depreciation of PP&E, and lease payments adjusted for interest revenue.