News and Press Releases


3 October 2008

VTB-Leasing: Adjustment of 2007 IFRS consolidated financial statements.

Board of directors decided to adjust the Company’s 2007 IFRS consolidated financial statements.

The adjustment concerns reflection of a single non-monetary asset that was recorded as part of advances issued to equipment vendors. This asset was denominated in US Dollars, so in compliance with IAS 21 “Impact of changes in exchange rates” the required adjustments were made to consolidated financial statements.


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