XML 41 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS; BANK OVERDRAFT
3 Months Ended
Mar. 31, 2013
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,
2012
  March 31,
2013
 

Cash and cash equivalents:

             

Russian ruble bank accounts

  $ 23,519   $ 5,842  

US dollar bank accounts

    31,021     9,038  

Other

    641     520  
           

Total cash and cash equivalents

  $ 55,181   $ 15,400  
           


 

 
  December 31, 2012   March 31, 2013  
 
  Annual interest rate   Amount   Annual interest rate   Amount  

Short-term investments:

                     

Ruble-denominated deposits

  7.65% - 9.25%   $ 131,449   5.5% - 9.25%   $ 118,601  

US dollar-denominated deposits

          3.35% - 3.52%     10,000  
                   

Total Short-term investments

      $ 131,449       $ 128,601  
                   

        Bank overdraft—In July 2012, the Company signed a 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, 2012 and March 31, 2013, the Company had an overdraft position of $13,181and $6,066, respectively, that is presented as a current liability separately on the Company's balance sheets.