Annual Report
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Rostelecom at a Glance
Key Financial and Operating Highlights
Chairman's Statement
General Director's Message
2005 – Strengthened Competitive Position and New Platforms for Growth
Strengthening Our Leadership in Long-Distance Markets
Growth of Value-added and New Services
Upgrading and Expanding Russia's Most Advanced Nationwide Network
Enhancing Operational Efficiency
2006 – New Market Opportunities
Enhancing Corporate Governance Practices
2005 Financial Performance
Rostelecom's Credit Raiting Upgraded by S & P
Sharecapital and Corporate Governance
Consolidated Financial Statements for the Year Ended December 31, 2005
Statement of Directors' Responsibilities
Report of Independent Auditors
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Cash Flows
Consolidated Statements of Changes in Shareholders' Equity
Notes to Consolidated Financial Statements
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