A YEAR 1997/98 FINANCIAL REPORT OF
RUSLINE - RUSSIAN AIRLINES
The main funds
The main funds of RusLine - Russian Airlines are consists of 10.000.000 shares $20 each. It is about $200.000.000
All shares of the company are owned by:
Oleg Kitaev 300.000 shares ( $6.000.000 ) 30%
Alex Antonov 60.000 shares ( $1.200.000 ) 6%
RusLine Corporation 240.000 shares ( $4.800.000 ) 24%
RusLine - Russian Airlines 100.000 shares ( $2.000.000 ) 10%
alltogether 70 %
About 30% of shares to the total sum of $ 6.000.000 are placed on the VASX. The rate of the shares was fixed on the $ 25.881 per one share in the VASX (31.07.98).
 Spendings
There were spendings listed below in 1997/98 financial year ( September,1,1997 - September,1,1998)
Àircraft’s leasing
Àn 124 $10.000/month = $120.000 x 4 = 480.000
Il 96m $ 12.000/month = $140.400 x 2 = 288.000
Boeing 777-200IGW $40.000/month = $480.000 x 2 = 960.000
Yak 40 $6.000/month = 72.000 õ 2 = 144.000
MD 11 $20.000/month =240.000õ2 = 480.000
À310 $ 10.000/month = 120.000
Aircraft’s byings
Òu 154m $10.060.000
Òu 204 $ 22.000.000 õ 10 = 220.000.000
Boeing 737-400 $ 30.000.000 x 6 = 180.000.000
alltogether $ 412.472.000
Hub’s expenses
Rostov on Don (5 gates, 4 àngars, waiting hall, technical buildings , 2 ticket selling bureau )
$ 120.000/year
Novosibirsk ( 2 gates, 1 àngar, 2 ticket selling buerau)
$ 50.000/year
St.-Peterburg ( 5 gates, 5 àngars, 2 waiting halls, technical buildings , conferens-hall, Duty Free Shops, pilot’s training base, 5 ticket selling buerau )
$ 400.000/year
Moscow ( 10 gates , 3 waiting halls, 2 conferens-halls, 1 VIP-hall, ticket selling buerau, pilot’s training base, technical buildings, 8 àngars)
$ 1.000.000/year
alltogether $ 1.570.000
Fuel                                                                                                                                $ 12.000.000
Salaries
1-st class pilot $ 2000/month = 24000/year õ 18 = 432000
2-nd class pilot $ 1500/month = 18000/year õ 51 = 918000
3-rd class pilot $
steward $ 1000/ìåñ = 12000/ãîä õ 117 = 1404000
technical employee $ 800/ìåñ = 9600/ãîä õ 40 = 384000
1-st level manager $ 2200/ìåñ = 26400/ãîä õ 4 = 105600
2-nd level manager $ 2800/ìåñ = 33600/ãîä õ 4 = 134400
president $ 3500/ìåñ = 42000/ãîä
alltogether $ 3.410.940
Aircraft’s running costs
Òu 154, 204 = $200.000 = 2.400.000
Il 96, À310, Â-777, MD-11 = 500.000 = 3.000.000
Â-737-400 = $ 150.000 = 900.000
Àn -124 = $ 600.000 = 2.400.000
     alltogether $ 8.700.000
Flight restaurance                                                                                     $3.000.000

Adverticement and publishing                                                                      $4.000.000

Cunsomer goods for RUSLINE DUTY FREE                                                 $ 5.000.000
Total expences of RusLine in 1997/97 financial year = $ 509.023.000
 
Returns and income
In 1997/98 financial year company have gotreturns and income on the positions,
listed below:
Leasing aircrafts
Òu 204 -100 1 month = $ 50.000
Àn 124 10 months = $ 600.000
Â-737-400 2 months = $ 100.000
alltogether $ 750.000
Routes
Rostov on Don - Moscov (Vnucovo)
Òu154
$180x7
(2)
1.713.600/
month
20.563.200/year
St. Peterburg
Òu154
190 x 3
387.600
4.651.200
Kazan
Òu204
180 x 2
273.600
3.283.200
Sochi
Yak 40
60 x 5
108.000
1.296.000
Volgograd
Yak 40
70 õ 3
75.600
907.200
Vladivostok
À310
360õ2
633.600
7.603.200
Dubai
Òu154
300 õ 1
204.000
2.448.000
Larnaka
Òu154
280 õ 1
190.400
2.284.800
Hamburg
Â737
350 õ 1
182.000
2.184.000
Colombo
À310
400 õ 1
352.000
4.224.000
Moscow - St. Peterburg
Â737
80 õ 6 (2)
230.400
2.746.800
St. Peterburg
Â737
110 õ 1(2)
114.000
1.372.800
Riga
Â737
130 õ 2
135.200
1.622.400
Minsk
Â737
140 õ 3
218.400
2.620.800
N.Novgorod
Òu 204
140 õ 4
425.600
5.107.200
Kazan
Òu 204
180 õ 4
547.200
6.566.400
Ekaterinburg
Òu 204
220 õ 5
836.000
10.032.000
Sochi
Â737
200 õ 4
416.000
4.992.000
Volgograd
Â737
160 õ 3
249.600
2.995.200
Vladivostok
Il96m
380 õ 3
1.386.000
16.416.000
Stockholm
Â737
190 õ 2
197.600
2.371.200
Oslo
Â737
190 õ 2
197.600
2.371.200
London
Òu 204
280 õ 1
212.800
2.553.600
Kopenhagen
Òu 204
260 õ 1
197.600
2.371.200
Paris
Òu 204
285 õ 1
216.600
2.599.200
Larnaka
Òu 204
220 õ 1
167.200
2.006.400
New York
Â777 IGW
400 õ 2
1.248.00
14.976.000
Washington
Â777 IGW
410 õ 2
1.279.200
15.350.040
Chicago
Â777 IGW
410 õ 2
1.279.200
15.350.040
Habana
Il96m
390 õ 1
468.000
5.616.000
Mexico
Il96m
420 õ 1
564.000
6.048.000
Rio de Janeiro
MD 11
590 õ 1
708.000
8.496.000
Colombo
Òu 204
490 õ 1
372.400
4.468.800
Tokio
Il96m
480 õ 2
1.152.000
13.824.000
Hong-Kong
Il96m
400 õ 1
1.440.000
17.280.000
Almaaty
Il96m
320 õ 4
1.536.000
18.432.000
St. Peterburg - Moscow
Â737
80 õ 6(2)
230.000
2.746.800
Ekaterinburg
Òu 204
290 õ 4
881.600
10.579.200
Kazan
Òu 204
190 õ 4
577.600
6.931.200
Minsk
Òu 204
130 õ 2
197.600
2.371.200
Almaaty
Il96m
340 õ 2
816.000
9.792.000
Vladivostok
Il96m
400 õ 2
960.000
11.520.000
Oslo
Â737
140 õ 2
145.600
1.747.200
Stockholm
Â737
140 õ 2
145.600
1.747.200
Hamburg
Òu 204
240 õ 3
547.200
6.566.400
Paris
Òu 204
290 õ 1
220.400
2.644.800
London
Òu 204
290 õ 1
220.400
2.644.800
Washington
 
410 õ 1
524.800
6.297.600
Toronto
MD 11
400 õ 1
480.000
5.760.000
Habana
Il 96m
400 õ 1
480.000
5.760.000
Hong-Kong
Il96m
420 õ 2
1.008.00
12.096.000
Dubai
Òu154
380 õ 3
775.200
9.302.400
alltogether $ 328.393.680
RUSLINE DUTY FREE sells                                                        $5.750.0

RusLine Flyer ($12x500000) & Zerkalo($8x600000) magazines sells

$ 11.600.000
Total return of RusLine - Russian Airlines in the 1997/98 financial year is $554.556.000
Income in the 1997/98 financial year is $ 45.653.000
The dividents rate considered to be about 2% per share.
 
President of RusLine - Russian Airlines Î.Êitaev
 
Executive Director of Rusline Corporation À.Àntonov
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