US GAAP financial statements

MIRAX GROUP US GAAP FINANCIAL STATEMENTS 2007 AUDITED

KPMG has completed its audit of the 2007 consolidated US GAAP financial reporting for MIRAX GROUP companies.

This will be the fourth consecutive year MIRAX GROUP publishes its US GAAP financial statements, audited since 2004, in a bid to keep the corporation more transparent for investors, giving them a fuller, more accurate picture of its financial affairs in accordance with the generally accepted financial reporting standards.

According to its financial statements, MIRAX GROUP earned RUR 32.8 billion in revenue in 2007( +133% to 2006 figures), EBITDA – RUR 15.1 billion ( +151%), while its assets totaled RUR 64.2 billion for the year.
Net income in 2007 has more than doubled and reached RUR 11.2 billion.