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CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS; BANK OVERDRAFT
6 Months Ended
Jun. 30, 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 as short-term investments. Below are breakdowns of cash and cash equivalents and short-term investments:

 
  December 31, 2012   June 30, 2013  

Cash and cash equivalents:

             

Russian ruble bank accounts

  $ 23,519   $ 13,037  

US dollar bank accounts

    31,021     10,195  

Other

    641     1,341  
           

Total cash and cash equivalents

  $ 55,181   $ 24,573  
           


 

 
  December 31, 2012   June 30, 2013  
 
  Annual interest rate   Amount   Annual interest rate   Amount  

Short-term investments:

                     

Ruble-denominated deposits

  7.65%–9.25%   $ 131,449   6%–9%   $ 128,961  

US dollar-denominated deposits

          3.35%–3.52%     10,000  
                   

Total short-term investments

      $ 131,449       $ 138,961  
                   

        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 $31,000. In May 2013, the Company renewed the overdraft agreement with Alfa Bank on the same terms. As of December 31, 2012 and June 30, 2013, the Company had an overdraft position of $13,181 and $17,291 respectively, which are presented as current liabilities on the Company's balance sheets.