The explanatory note to the accounting report of the open joint-stock company "Sibirtelecom" for 2002 (стр. 4 )

6.The comparison of figures of the accounting report

As it was said above, the open joint-stock company "Sibirtelecom" was reorganized by uniting the regional operators of communication. Consequently, the principles of drawing up the accounting report in 2002 differs from the principles for the previous financial years.

The data for the reporting year in the accounting report include the data of the companies joined the company before December 31st, 2002, and the data of the companies joined the company in 2002. The data of the main company and the joined companies from the date of the reorganization to the end of the reporting year are marked with the words "for the reporting year" or "the year 2002". The data of the main company and the joined companies from January 1st, 2002 to December 31st, 2002 are marked with the words "for the reporting year including the data of the joined companies" or "the year 2002 including the data of the joined companies".

The data for the previous reporting year were corrected for the comparison with the accounting report for the year 2002. In this accounting report the corrected data on January 1st, 2002 are marked with words "the beginning of the reporting period including the data of the joined companies" or "January 1st, 2002 including the data of the joined companies". The corrected data for the year 2001 are marked with words "for the previous corresponding period including the data of the joined companies" or "for the year 2001 including the data of the joined companies".

The figures of the joined companies from the beginning of the year to the date of the reorganization are included in the accounting report for the purpose of comparing the data about the financial situation and the results of the financial and economic activity of the open joint-stock company "Sibirtelecom" for the years 2001 and 2002 according to the disposition about accounting "Accounting reports of organizations".

The open joint-stock company "Sibirtelecom" created reserves for bad debts in 2002 that was shown in Report about Profits and Losses on Page 100/3 (the sum of the reserve is 529,002,000 rubles) and on Page 100/4 (the sum of the reserve is 888,793,000 rubles). The reserves for bad debts were not created in 2001, and it is impossible to compare figures from Form No 2 because there is not an opportunity to estimate the debts of other companies before December 31st, 2001.

7. The explanations about important articles of the balance sheet

7.1 The fixed assets

The flows of the fixed assets during the reporting period are shown in following table.

Table No 4

Kinds of Fixed Assets	The original cost on December 31st, 2001	Revaluation of the fixed assets on January 1st, 2002	The replacement cost on January 1st, 2002	The receipt in the course of the year	The retirement of the assets in the course of the year	The replacement cost on December 31st, 2002
Total including the data of the joined companies	The data of the joined companies	Total including the data of the joined companies	The data of the joined companies	Total including the data of the joined companies	The data of the joined companies	Total including the data of the joined companies (*	The data of the joined companies before the date of the reorganization	Total including the data of the joined companies (*	The data of the joined companies before the date of the reorganization
1	2	3	4	5	6	7	8	9	10	11	12
Buildings	2230030	1913020			2230030	1913020	115620	90717	38394	41006	2307256
Constructions	4538659	3675204			4538659	3675204	745540	297161	51152	28815	5233047
Machinery and Equipment	7408592	5859562	1895	1895	7410487	5861457	1593352	566759	157560	148968	8846279
Vehicles	218839	185433			218839	185433	38237	23036	8943	9048	248133
Others	164297	98816			164297	98816	49727	47956	36079	31898	177945
Total			1895	1895			2542476	1025629	292128	259735

(* The turnovers connected with transferring balances of the account to the main company are excluded because of the reorganization

The information about the sum of the depreciation of the fixed assets

Table No 5

Kinds of Fixed Assets	The depreciation on December 31st, 2001	The revaluation of the depreciation on January 1st, 2002 because of revaluing the fixed assets	The depreciation including the result of revaluing on January 1st, 2002	The depreciation in the year 2002	The depreciation of the retired assets that was written off in the course of the whole year total	The depreciation on December 31st, 2002
Total including the data of the joined companies	The data of the joined companies	Total including the data of the joined companies	The data of the joined companies	Total including the data of the joined companies	The data of the joined companies	Total including the data of the joined companies (*	The data of the joined companies before the date of the reorganization	Total including the data of the joined companies (*	The data of the joined companies before the date of the reorganization
1	2	3	4	5	6	7	8	9	10	11	12
Buildings	487403	392549			487403	392549	50951	46965	9859	9859	528495
Constructions	2558866	2095757			2558866	2095757	278110	224074	62379	50064	2774597
Machinery and Equipment	3082249	2493426	940	940	3083189	2494366	375929	249858	118084	105764	3341034
Vehicles	128466	103932			128466	103932	19999	18111	9256	8043	139209
Others	99154	48191			99154	48191	60197	50045	8388	8034	150963
Total	6356138	5133855	940	940	6357078	5134795	785186	589053	207966	181764	6934298

The fixed assets that were received according to leasing contracts

The company made 5 leasing contracts with Promsviazlizing, Ltd, 69 leasing contracts with the open joint-stock company "RTK-Lizing", 21 leasing contracts with South-Siberian Leasing Company, Ltd, 3 leasing contracts with the closed joint-stock company "RusLizingSviaz", 3 leasing contracts with Kuzbas Leasing Company, Ltd, 1 leasing contract with Phillip and C, Ltd. These contracts supposes the leasing of switching equipment, optical cables, jumper wire equipment, equipment of communication systems and other telecommunication equipment. The most part of the equipment was received in 2002. The term of leasing is from 32 months to 123 months.