CASH AND CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS; BANK OVERDRAFT

12 Months Ended

Dec. 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 as short-term investments. Below are breakdowns of cash and cash equivalents and short-term investments:

	December 31,
	2012		2013
Cash and cash equivalents:
Russian ruble bank accounts	$	23,519	$	16,616
US dollar bank accounts		31,021		12,754
Other		641		1,204
Total cash and cash equivalents	$	55,181	$	30,574

	December 31,
	2012				2013
	Annual interest rate		Amount		Annual interest rate		Amount
Short-term investments:
Ruble-denominated deposits		7.65%–9.25%	$	131,449		6.3–9.0%	$	178,937
US dollar-denominated deposits				—		0.27%	$	1,400
Total short-term investments			$	131,449			$	180,337

        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 2013, the Company had an overdraft position of $13,181 and nil, respectively, which are presented as current liabilities on the Company's balance sheets.