CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

12 Months Ended

Dec. 31, 2011

CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS

4. CASH AND CASH EQUIVALENTS AND SHORT—TERM INVESTMENTS

        The Company's cash and cash equivalents and short-term investments comprise bank accounts and term deposits. Deposits with an original maturity ranging from 91 to 365 days are classified in short-term investments. Below are breakdowns of cash and cash equivalents and short-term investments:

	December 31,
	2010		2011
Cash and cash equivalents:
Russian ruble bank accounts	$	51,192	$	6,434
US dollar bank accounts	$	7,286	$	4,479
Other	$	1,087	$	1,418
Total cash and cash equivalents	$	59,565	$	12,331

	December 31,
	2010			2011
	Annual interest rate	Amount		Annual interest rate	Amount
Short-term investments:
Ruble-denominated deposits	3.7%—6.5%	$	79,879	4.1%—8.7%	$	102,068
US dollar-denominated deposits	1.9%—3.0%		37,578	2.1%—2.2%		15,165
Total Short-term investments		$	117,457		$	117,233

        As of December 31, 2011 the Company had a cash balance in an overdraft position of $16,941 that is presented as a current liability separately on the Company's balance sheet. See Note 12.