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CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS; BANK OVERDRAFT
12 Months Ended
Dec. 31, 2012
CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS; BANK OVERDRAFT  
CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS; BANK OVERDRAFT

4.     CASH AND CASH EQUIVALENTS AND SHORT—TERM INVESTMENTS; BANK OVERDRAFT

        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,  
 
  2011   2012  

Cash and cash equivalents:

         

Russian ruble bank accounts

  $6,434   $23,519  

US dollar bank accounts

  4,479   31,021  

Other

  1,418   641  
           

Total cash and cash equivalents

  $12,331   $55,181  
           

 

 
  December 31,  
 
  2011   2012  
 
  Annual
interest rate
  Amount   Annual
interest rate
  Amount  

Short-term investments:

                         

Ruble-denominated deposits

    4.1%–8.7%   $ 102,068     7.65%–9.25%   $ 131,449  

US dollar-denominated deposits

    2.1%–2.2%     15,165            
                       

Total Short-term investments

        $ 117,233         $ 131,449  
                       

        Bank overdraft—In October 2011, the Company signed a Ruble-denominated overdraft agreement with Alfa Bank bearing annual interest at 7.2% with a credit limit of approximately $34,000. In July 2012, the Company signed a new Ruble-denominated overdraft agreement with Alfa Bank bearing annual interest at the variable Mosprime Overnight rate +2.21% with a credit limit of approximately $32,000. As of December 31, 2011 and 2012, the balance of the overdraft was $16,941 and $13,181, respectively, which was presented as a current liability separately on the Company's balance sheets.