Company profile
Letter to shareholders
The effect of the Russian economic crisis
Expansion across Russia: Vimpelcom receives new GSM licenses
Vimpelcom's strategic alliance with Telenor
Investor relations
Financial highlights
Summary financial data
Management's discussion and analysis of financial condition and results of operations
Report of Independent Auditors
Consolidated Balance Sheets
Consolidated Statements of Operations
Consolidated Statements of Shareholders' Equity
Consolidated Statements of Cash Flows
1. Organization, Basis of Presentation and Significant Accounting Policies
2. Acquisitions
3. Cash and Cash Equivalents
4. Other Current Assets
5. Property and Equipment
6. Bank Loan
7. Equipment Financing
8. Shareholders' Equity
9. Income Taxes
10. Valuation and Qualifying Accounts
11. Related Party Transactions
12. Commitments and Contingencies
13. Impact of Year 2000 (Unaudited)
14. Quarterly Financial Data (Unaudited)
15. Subsequent Events (Unaudited)


14. Quarterly Financial Data (Unaudited)

The following table sets forth selected highlights for each of the fiscal quarters during the years ended December 31, 1998 and 1997 (dollars in thousands, except per share data):

    March 31 June 30 Sept. 30 Dec. 31 Year
  1998          
  Total operating revenues US$ 92,419 US$ 103,491 US$ 103,941 US$ 76,106 US$ 375,957
  Operating income 28,331 30,449 30,783 12,276 101,839
  Net income (loss) 16,526 13,675 (43,903) 8,987 (4,715)
  Net income (loss) per common share 0.86 0.71 (2.28) 0.47 (0.24)
  1997          
  Total operating revenues US$ 66,729 US$ 71,258 US$ 77,994 US$ 89,949 US$ 305,930
  Operating income 20,315 19,712 19,393 27,402 86,822
  Net income 16,809 15,808 14,275 14,184 61,076
  Net income per common share 0.87 0.82 0.74 0.74 3.17