VEON Ltd
(NASDAQ:VEON)

VEON Ltd., through its subsidiaries, provides mobile and fixed-line telecommunications services. It offers voice, data, and other telecommunication services through a range of wireless, fixed, and broadband internet services. The company provides value added services, including short messages, multi...

Website: http://www.veon.com

Founded: 2009

Full Time Employees: 46,492

Sector: Communication Services

Industry: Telecom Services

Communication Services

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At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2022-06-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-11-08	2018-08-02	2018-05-14	2017-09-11	2017-08-03	2017-05-11	2016-12-31	2016-11-03	2015-12-31	2013-12-31	2012-03-13	2011-12-31	2011-09-30	2011-06-30	2011-06-01	2011-03-29	2011-02-15	2010-12-31	2010-12-02	2010-09-30	2010-09-02

service revenues	2,013,000,000		1,890,000,000		3,565,000,000		5,283,000,000	3,780,000,000	1,853,000,000		5,629,000,000	3,773,000,000	1,978,000,000		6,161,000,000	4,085,000,000	2,005,000,000		6,443,000,000	4,292,000,000	2,156,000,000				1,582,250,000	2,287,000,000			5,592,965	10,291,333,000			10,291,333,000	10,291,333,000		2,723,372,000	2,785,966,000	2,785,966,000	2,584,855,000
sale of equipment and accessories	18,000,000		11,000,000		194,000,000		357,000,000	211,000,000	105,000,000		269,000,000	160,000,000	88,000,000		322,000,000	201,000,000	89,000,000		295,000,000	161,000,000	61,000,000	173,000,000	108,000,000	51,000,000	63,000,000	42,000,000
other revenue	82,000,000		68,000,000		72,000,000		96,000,000	63,000,000	31,000,000		83,000,000	55,000,000	31,000,000																						193,000,000
total operating revenues	2,113,000,000		1,969,000,000		3,831,000,000		5,736,000,000	4,054,000,000	1,989,000,000		5,981,000,000	3,988,000,000	2,097,000,000		6,608,000,000	4,385,000,000	2,124,000,000		6,837,000,000	4,520,000,000	2,250,000,000	7,154,000,000	4,698,000,000	2,281,000,000	2,334,000,000	2,372,000,000				10,512,800,000			10,512,800,000	10,512,800,000		2,815,649,000	2,824,390,000	2,824,390,000	2,641,634,000
other operating income	1,000,000				4,000,000		2,000,000	1,000,000	1,000,000		4,000,000	2,000,000
service costs	-216,000,000		-228,000,000		-659,000,000		-1,036,000,000	-768,000,000	-365,000,000		-1,130,000,000	-746,000,000							-1,292,000,000	-873,000,000	-438,000,000				333,000,000	504,000,000			1,441,665	2,251,474,000			2,251,474,000	2,251,474,000		602,177,000	594,687,000	594,687,000	553,022,000
cost of equipment and accessories	-17,000,000		-12,000,000		-179,000,000		-346,000,000	-208,000,000	-102,000,000		-263,000,000	-163,000,000							-283,000,000	-155,000,000	-59,000,000	-187,000,000	-114,000,000	-56,000,000	70,000,000	55,000,000			253,893	216,944,000			216,944,000	216,944,000		98,439,000	44,276,000	44,276,000	47,879,000
selling, general and administrative expenses	-922,000,000		-883,000,000		-1,311,000,000		-1,851,000,000	-1,324,000,000	-647,000,000		-1,965,000,000	-1,352,000,000							-2,703,000,000	-1,781,000,000	-899,000,000	-2,724,000,000	-1,872,000,000	-921,000,000	656,000,000	917,000,000			1,920,356	3,063,548,000			3,063,548,000	3,063,548,000		854,713,000	799,122,000	799,122,000	766,416,000
depreciation	-280,000,000		-264,000,000		-780,000,000		-1,143,000,000	-837,000,000	-416,000,000		-1,193,000,000	-804,000,000							-1,015,000,000	-674,000,000	-346,000,000	-1,117,000,000	-776,000,000	-390,000,000	367,000,000	349,000,000			907,118	1,573,364,000			1,651,996,000	1,573,364,000		514,510,000	408,284,000	408,284,000	376,648,000
amortization	-114,000,000		-100,000,000		-173,000,000		-222,000,000	-153,000,000	-72,000,000		-260,000,000	-178,000,000							-380,000,000	-256,000,000	-126,000,000	-404,000,000	-268,000,000	-122,000,000	142,000,000	130,000,000			526,994	506,400,000			427,768,000	506,400,000		106,758,000	137,771,000	137,771,000	116,544,000
impairment loss	-3,000,000																						-5,000,000						526,551
loss on disposal of non-current assets
gain on disposal of subsidiaries	497,000,000				-32,000,000											1,000,000
operating profit	1,059,000,000		479,000,000		233,000,000		1,127,000,000	752,000,000				734,000,000	407,000,000		1,636,000,000	1,252,000,000	788,000,000		346,000,000	754,000,000	362,000,000	1,295,000,000	734,000,000
yoy	354.51%		-57.50%					2.45%				-41.37%	-48.35%		372.83%	66.05%	117.68%		-52.86%
qoq							49.87%					80.34%			30.67%	58.88%			-54.11%	108.29%	-72.05%	76.43%
operating margin %	Infinity%	NaN%	Infinity%	NaN%	Infinity%	NaN%	Infinity%	Infinity%	NaN%	NaN%	NaN%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	NaN%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	NaN%	NaN%	NaN%		NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	0%	NaN%	NaN%	NaN%	NaN%
finance costs	-246,000,000		-249,000,000		-399,000,000		-507,000,000	-330,000,000	-166,000,000		-568,000,000	-391,000,000							-633,000,000	-423,000,000	-217,000,000	-673,000,000	-447,000,000	-215,000,000	219,000,000	226,000,000
finance income	20,000,000		22,000,000		13,000,000		10,000,000	5,000,000	2,000,000		20,000,000	15,000,000	9,000,000		44,000,000	28,000,000	14,000,000		43,000,000	31,000,000	19,000,000	70,000,000	46,000,000	22,000,000	-23,000,000	-15,000,000									1,492,000,000
other non-operating gain	31,000,000		21,000,000		1,000,000
net foreign exchange loss	-52,000,000																													-4,532,000			-4,532,000	-4,532,000
profit before tax	812,000,000															865,000,000						261,000,000		130,000,000											-16,000,000
income taxes	-86,000,000		-94,000,000
profit for the period	726,000,000		167,000,000		87,000,000											605,000,000						-118,000,000
attributable to:
the owners of the parent	694,000,000		125,000,000		-61,000,000		335,000,000	230,000,000	130,000,000		-356,000,000	264,000,000	108,000,000		599,000,000	565,000,000	495,000,000		-378,000,000	52,000,000	-109,000,000	-158,000,000	-283,000,000	-5,000,000	-347,000,000	24,000,000
non-controlling interest	32,000,000		42,000,000		92,000,000		85,000,000	35,000,000	8,000,000		6,000,000	30,000,000	12,000,000		36,000,000	40,000,000	35,000,000		-272,000,000	28,000,000	27,000,000	40,000,000	14,000,000	-6,000,000	-11,000,000	48,000,000
basic and diluted earnings per share attributable to ordinary equity holders of the parent	0.39
impairment (loss) / reversal			-2,000,000		-486,000,000		-5,000,000	-9,000,000			-790,000,000	-1,000,000							-791,000,000	-10,000,000		-2,000,000
gain on disposal of non-current assets			-1,000,000		18,000,000
net foreign exchange gain			-12,000,000		172,000,000																12,000,000			115,000,000					-132,783							1,452,000	27,267,000		-126,393,000
profit before tax from continuing operations			261,000,000		20,000,000
profit from continuing operations			167,000,000		-35,000,000											605,000,000																			-511,000,000
profit after tax from discontinued operations					122,000,000
basic and diluted gain per share attributable to ordinary equity holders of the parent
from continuing operations **			0.07
from discontinued operations **
income tax expense					-55,000,000		-283,000,000	-180,000,000	-91,000,000		-255,000,000	-144,000,000							-345,000,000	-258,000,000	-119,000,000	-379,000,000	-206,000,000	-141,000,000	269,000,000	114,000,000			110,911	605,663,000			605,663,000	605,663,000		44,353,000	230,303,000	230,303,000	177,958,000
attributable to: - sum					87,000,000											605,000,000						-118,000,000
from continuing operations					-0.03		0.19								0.34	0.32	0.28
from discontinued operations					0.03		0.02
gain / (loss) on disposal of non-current assets							-8,000,000	-4,000,000			-16,000,000	-12,000,000							-47,000,000	-37,000,000
other non-operating gain /							24,000,000	7,000,000	5,000,000		100,000,000	101,000,000	15,000,000		14,000,000
net foreign exchange gain /							1,000,000	11,000,000	10,000,000		-15,000,000	-21,000,000					14,000,000		-12,000,000	1,000,000			62,000,000
profit / (loss) before tax							655,000,000	445,000,000	229,000,000		-95,000,000	438,000,000	195,000,000		995,000,000				-305,000,000	338,000,000	37,000,000				-89,000,000	186,000,000
profit / (loss) from continuing operations							372,000,000								635,000,000				-650,000,000	80,000,000
profit / (loss) after tax from discontinued operations							88,000,000												-300,000,000	-300,000,000
profit / (loss) for the period							460,000,000	265,000,000	138,000,000		-350,000,000	294,000,000	120,000,000		635,000,000		530,000,000		329,000,000	-220,000,000	-82,000,000				1,546,000,000	493,000,000
basic and diluted gain / (loss) per share attributable to ordinary equity holders of the parent								0.13	0.07		-0.2	0.15							0.34	-0.14
operating profit /									378,000,000		368,000,000													345,000,000
gain / (loss) on disposal of subsidiaries															1,000,000
basic and diluted gain / (loss) per share attributable to ordinary equity holders of the parent:													0.06
other revenues / other income															125,000,000	99,000,000	30,000,000		99,000,000	67,000,000	33,000,000		57,000,000	28,000,000	47,000,000	43,000,000
other operating gains /															350,000,000		350,000,000
gain / (loss) on disposal of discontinued operations																			1,279,000,000
other operating gains																350,000,000
other non-operating losses																14,000,000				-25,000,000			-152,000,000
basic and diluted gain per share attributable to ordinary equity holders of the parent:
total																0.32	0.28
other non-operating gain / (loss)																	4,000,000		-49,000,000
profit / (loss) before tax from continuing operations																	609,000,000
profit / (loss) for the period from continuing operations																	530,000,000								17,500,000	72,000,000
profit / (loss) for the period from discontinued operations
operating expenses
gain / (loss) on sale of subsidiaries																			20,000,000	20,000,000
total operating expenses																			-6,491,000,000	-3,766,000,000	-1,888,000,000	-5,859,000,000	-3,964,000,000	-1,936,000,000	2,243,000,000	1,966,000,000			5,631,265	7,660,301,000			7,660,301,000	7,660,301,000		2,185,356,000	1,992,825,000	1,992,825,000	1,872,994,000
share of loss of joint ventures and associates																					-130,000,000	-256,000,000	-196,000,000	-101,000,000
impairment of joint ventures and associates																						-110,000,000	-110,000,000
basic and diluted gain / (loss) per share attributable to ordinary equity holders of the parent from continuing operations																			-0.22	0.03
basic and diluted gain / (loss) per share attributable to ordinary equity holders of the parent from discontinued operations																			0.56	-0.17
loss on disposals of non-current assets																					-17,000,000	-16,000,000	-9,000,000	-7,000,000	6,000,000	8,000,000
basic and diluted loss per share attributable to ordinary equity holders of the parent																					-0.06
service revenues *																						6,891,000,000
other revenues																						90,000,000							95,206	27,652,000			27,652,000	27,652,000		4,653,000	3,351,000	3,351,000	12,240,000
service costs *																						-1,409,000,000
other non-operating gains																						-112,000,000
net foreign exchange gain **																						47,000,000
profit for the period from continuing operations																						-118,000,000
profit after tax for the period from discontinued operations
earnings per share																																			-0.97
basic and diluted from continuing operations																						-0.09	-0.16
basic and diluted from discontinued operations
basic and diluted for profit attributable to ordinary equity holders of the parent																						-0.09	-0.16
service revenues*																							4,533,000,000	2,202,000,000
service costs*																							-920,000,000	-443,000,000
(loss) / profit before tax																							-63,000,000
loss for the period from continuing operations																							-269,000,000
(loss) / profit for the period																							-269,000,000	-11,000,000
earnings / (loss) per share
impairment reversal /																								3,000,000
other non-operating incomees																								-36,000,000
(loss) / profit for the period from continuing operations																								-11,000,000
basic and diluted earnings per share for (loss) / profit from continuing operations attributable to ordinary equity holders of the parent																									-0.005	0.01
basic and diluted earnings per share for profit from discontinued operations attributable to ordinary equity holders of the parent
basic and diluted earnings per share for (loss) / profit attributable to ordinary equity holders of the parent
impairment loss/																									3,750,000	3,000,000
operating profit/																									248,250,000	406,000,000
other non-operating incomees/																									16,750,000	5,000,000
share of loss / (profit) of associates and joint ventures accounted for using the equity method																									7,250,000	13,000,000
net foreign exchange (gain) / loss																									-53,000,000	-9,000,000
profit / (loss) after tax for the period from discontinued operations																									116,000,000	421,000,000
basic and diluted earnings per share for profit / (loss) from discontinued operations attributable to ordinary equity holders of the parent																									0.115	0.24
basic and diluted earnings per share for profit attributable to ordinary equity holders of the parent																									0.11	0.25
operating revenues
sales of equipment and accessories																													189,792	193,815,000			193,815,000	193,815,000		87,625,000	35,072,000	35,072,000	44,539,000
net operating revenues																													5,877,962	10,512,800,000			10,512,800,000	10,512,800,000		2,815,649,000	2,824,390,000	2,824,390,000	2,641,634,000
provision for doubtful accounts																													54,687				48,571,000	48,571,000		9,953,000	8,683,000		12,485,000
operating income																													246,697	2,852,499,000			2,852,499,000	2,852,499,000	414,000,000	630,293,000	831,565,000	831,565,000	768,640,000
other income and expenses
interest income																													38,110	55,938,000			55,938,000	55,938,000		13,756,000	14,558,000	14,558,000	16,079,000
interest expense																													-518,478	-540,040,000			-540,040,000	-540,040,000		-140,403,000	-125,713,000	-125,713,000	-132,264,000
equity in net gain of associates																													-21,775				53,189,000	53,189,000		6,626,250	19,201,000		11,088,000
other expenses																													-172,843
total other income and expenses																													-807,769	-525,971,000			-525,971,000	-525,971,000		-115,961,000	-91,199,000	-91,199,000	-241,501,000
income before income taxes																													-561,071	2,326,528,000			2,326,528,000	2,326,528,000		514,330,000	740,365,000	740,365,000	527,139,000
net income from continuing operations																													-671,982
profit from discontinued operations																													6,642
net income																													-665,340	1,720,865,000			1,720,865,000	1,720,865,000		469,978,000	510,062,000	510,062,000	349,181,000
yoy																													-100.04%	0.00%			237.38%	237.38%
qoq																													-100.04%				0.00%			-7.86%	0.00%	46.07%
net income margin %	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%	NaN%		NaN%	-Infinity%	Infinity%	NaN%	NaN%	Infinity%	Infinity%	0%	Infinity%	Infinity%	Infinity%	Infinity%
net income attributable to the noncontrolling interest																													-279,218				47,524,000	47,524,000		9,692,000	14,161,000		14,441,000
net income attributable to vimpelcom																													-386,122	1,673,341,000			1,673,341,000	1,673,341,000		461,221,000	495,901,000	495,901,000	334,740,000
basic eps :
net income attributable to vimpelcom per common share																													-0.24				1,390
weighted-average common shares outstanding																													1,618,121	1,207,040,000			1,207,040,000	1,207,040,000		1,207,040,000	1,291,232,000	1,291,232,000	1,227,320,000
diluted eps :
weighted-average diluted shares																													1,618,690	1,207,340,000			1,207,340,000	1,207,340,000		1,207,340,000			1,227,780,000
operating revenues:
revenue based tax
operating expenses:
benefit from doubtful accounts																														48,571,000								8,683,000
other income and expenses:
equity in net gain/(loss) of associates																														53,189,000								19,201,000
other (expenses)/income																														-90,526,000			-90,526,000	-90,526,000		-5,658,000	-26,512,000	-26,512,000	-10,011,000
net income/(loss) attributable to the noncontrolling interest																														47,524,000								14,161,000
net income attributable to vimpelcom per common share restated																														1,390				1,390		262.5	390	390	280
revenue																																			10,143,000,000
yoy
qoq
total revenue																																			10,336,000,000
purchases and services																																			-5,366,000,000
other operating costs																																			-392,000,000
personnel expenses																																			-706,000,000
operating income before depreciation and amortization, reversal of impairment losses/ impairment losses on non-current assets and gains/losses on disposal of non-current assets																																			3,872,000,000
depreciation and amortization																																			-1,872,000,000
reversal of impairment losses (impairment losses) on non-current assets																																			-1,583,000,000
gains on disposal of non-current assets																																			-3,000,000
finance expense																																			-1,906,000,000
share of profit (losses) of equity accounted investees																																			-34,000,000
foreign exchange gains																																			18,000,000
income tax																																			-495,000,000
profit for the year																																			-511,000,000
non-controlling interests																																			155,000,000
profit for the year attributable to owners of the parent																																			-666,000,000
earnings per share																																			-0.97
basic																																			-0.97
continuing operations
discontinued operations
other comprehensive income
exchange differences on translating foreign operations																																			-62
available-for-sale financial assets																																			-1
cash flow hedges																																			-178
other																																			-3
income tax relating to components of other comprehensive income																																			53
other comprehensive income for the year, net of tax																																			-191
total comprehensive income for the year																																			-702
total comprehensive income attributable to:
owners of the parent																																			-834
net foreign exchange (loss)/gain																																						27,267,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-06-30	2024-12-31	2024-06-30	2023-12-31	2023-06-30	2022-12-31	2022-06-30	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-11-08	2018-09-30	2018-08-02	2018-05-14	2018-03-31	2017-09-11	2017-08-03	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-08-04	2015-12-31	2015-11-06	2014-08-06	2014-05-14	2014-03-06	2013-12-31	2013-05-15	2012-11-14	2012-08-15	2012-05-15	2012-03-13	2012-03-06	2011-09-30	2011-06-30	2011-06-01	2011-03-29	2011-02-15	2010-12-31	2010-12-02	2010-09-02	2010-05-26

assets
non-current assets
property and equipment	3,446,000,000	3,016,000,000	2,868,000,000	2,898,000,000	2,726,000,000	327,000,000	8,329,000,000	6,717,000,000	6,446,000,000	7,236,000,000	6,914,000,000	6,879,000,000	6,155,000,000	6,679,000,000	6,206,000,000	7,340,000,000	7,001,000,000	7,194,000,000	7,110,000,000	4,932,000,000	5,279,000,000	5,279,000,000	5,686,000,000	6,050,000,000	6,050,000,000	6,115,000,000	6,315,000,000	6,315,000,000	6,753,000,000	6,719,000,000	6,430,000,000	6,220	6,239,000,000	6,665	14,935	14,537	15,565	15,493,000,000	14,990			15,572,000,000	14,870,883				6,935,287,000	6,899,228,000		6,935,287,000	6,480,385,000	6,256,237,000	5,556,235,000
intangible assets	1,553,000,000	1,510,000,000	1,514,000,000	1,619,000,000	1,660,000,000	178,000,000	3,086,000,000	3,244,000,000	3,149,000,000	4,230,000,000	4,108,000,000	4,152,000,000	4,065,000,000	5,119,000,000	4,933,000,000	5,688,000,000	1,730,000,000	1,729,000,000	1,820,000,000	1,854,000,000	2,010,000,000	2,010,000,000	2,441,000,000	2,495,000,000	2,495,000,000	2,289,000,000	2,410,000,000	2,410,000,000	2,216,000,000	2,257,000,000	2,345,000,000	2,185	2,224,000,000	2,285	9,290	9,296	9,837	9,837,000,000	10,214			11,797,000,000							10,488,000,000
investments and derivatives	218,000,000	65,000,000	62,000,000	53,000,000	63,000,000		125,000,000	99,000,000	57,000,000	369,000,000	319,000,000	305,000,000	287,000,000	281,000,000	269,000,000	235,000,000
deferred tax assets	422,000,000	368,000,000	345,000,000	312,000,000	300,000,000		234,000,000	228,000,000	185,000,000	213,000,000	203,000,000	186,000,000	176,000,000	117,000,000	117,000,000	134,000,000	135,000,000	139,000,000	190,000,000	197,000,000	236,000,000	236,000,000	200,000,000	220,000,000	220,000,000	273,000,000	266,000,000	266,000,000	308,000,000	343,000,000	340,000,000		150,000,000					294,000,000											466,000,000
other assets	179,000,000	177,000,000	147,000,000	178,000,000	146,000,000		225,000,000	216,000,000	200,000,000	206,000,000	193,000,000	179,000,000	165,000,000	173,000,000	163,000,000	163,000,000	394,000,000	154,000,000	151,000,000	193,000,000	108,000,000	108,000,000	106,000,000	280,000,000	280,000,000	192,000,000	126,000,000	126,000,000	121,000,000	118,000,000																		576,324,000			674,367,000	798,652,000	817,685,000
total non-current assets	5,818,000,000	5,136,000,000	4,936,000,000	5,060,000,000	4,895,000,000		11,999,000,000	10,504,000,000	10,037,000,000	12,254,000,000	11,737,000,000	11,701,000,000	10,848,000,000	12,369,000,000	11,688,000,000	13,560,000,000	13,110,000,000	13,187,000,000	13,222,000,000	10,992,000,000	11,682,000,000	11,682,000,000	12,623,000,000	15,344,000,000	15,344,000,000	15,536,000,000	16,013,000,000	16,013,000,000	16,694,000,000	16,643,000,000	14,444,000,000	13,653	13,334,000,000	14,061	39,267	38,782	41,232	41,114,000,000	43,926			47,157,000,000							19,397,000,000
current assets
inventories	17,000,000	15,000,000	22,000,000	23,000,000	19,000,000		115,000,000	111,000,000	112,000,000	123,000,000	110,000,000	111,000,000	98,000,000	102,000,000	114,000,000	169,000,000	167,000,000	178,000,000	166,000,000	141,000,000	184,000,000	184,000,000	184,000,000	123,000,000	123,000,000	93,000,000	116,000,000	116,000,000	138,000,000	125,000,000	117,000,000	92	104,000,000	102	202	172	192	192,000,000	224			227,000,000							77,000,000
trade and other receivables	516,000,000	463,000,000	495,000,000	542,000,000	455,000,000	34,000,000	783,000,000	690,000,000	671,000,000	690,000,000	621,000,000	572,000,000	533,000,000			628,000,000	621,000,000	654,000,000	845,000,000	577,000,000	628,000,000	628,000,000	643,000,000	676,000,000	676,000,000	745,000,000	689,000,000	689,000,000	710,000,000	685,000,000	875,000,000	790	677,000,000	712	2,364	2,302	2,283	2,280,000,000	2,466			2,649,000,000
current income tax assets	41,000,000	63,000,000	59,000,000	58,000,000	55,000,000		94,000,000	70,000,000	36,000,000	60,000,000	75,000,000	73,000,000	31,000,000	35,000,000	21,000,000	16,000,000	40,000,000	52,000,000	114,000,000		115,000,000	115,000,000	171,000,000	215,000,000	215,000,000	161,000,000	204,000,000	204,000,000	186,000,000	169,000,000	183,000,000		259,000,000
cash and cash equivalents	1,282,000,000	1,689,000,000	862,000,000	1,902,000,000	2,457,000,000	43,000,000	2,339,000,000				1,193,000,000	1,594,000,000	1,081,000,000	1,166,000,000	1,486,000,000	1,250,000,000	1,317,000,000	1,331,000,000	1,265,000,000	1,808,000,000	3,370,000,000	3,370,000,000	1,343,000,000	1,393,000,000	1,393,000,000	2,565,000,000	2,873,000,000	2,873,000,000	2,172,000,000	2,942,000,000	3,684,000,000	3,635	3,614,000,000	3,930	5,505	4,540	4,454	4,454,000,000	5,564			4,033,000,000	2,325,084				885,125,000	885,125,000	1,733,000,000	885,125,000	2,467,002,000	2,352,548,000	1,529,605,000
total current assets	2,571,000,000	2,828,000,000	2,242,000,000	3,158,000,000	3,324,000,000		3,794,000,000	3,553,000,000	2,664,000,000	2,499,000,000	2,569,000,000	2,850,000,000	2,262,000,000	2,366,000,000	2,736,000,000	2,499,000,000	2,553,000,000	3,332,000,000	3,454,000,000	3,093,000,000	4,749,000,000	4,749,000,000	2,792,000,000	2,890,000,000	2,890,000,000	4,199,000,000	4,512,000,000	4,512,000,000	3,873,000,000	4,550,000,000	5,475,000,000	5,391	5,383,000,000	5,744	9,562	8,549	9,045	8,491,000,000	10,182			8,964,000,000	8,124,166				2,289,474,000	2,325,533,000	4,418,000,000	2,289,474,000	3,781,102,000	3,710,961,000	2,884,877,000
assets classified as held for sale	74,000,000	72,000,000	151,000,000		4,792,000,000		1,901,000,000	1,864,000,000	2,321,000,000										21,000,000	17,000,000			2,027,000,000	516,000,000	516,000,000	545,000,000	509,000,000	509,000,000			16,462,000,000	15,843	15,137,000,000	15,123	157	147	142	142,000,000	183
total assets	8,463,000,000	8,036,000,000	7,329,000,000	8,218,000,000	13,011,000,000		17,694,000,000	15,921,000,000	15,022,000,000	14,753,000,000	14,306,000,000	14,551,000,000	13,110,000,000	14,735,000,000	14,424,000,000	16,059,000,000	15,663,000,000	16,519,000,000	16,676,000,000	14,102,000,000	16,431,000,000	16,431,000,000	17,442,000,000	18,750,000,000	18,750,000,000	20,280,000,000	21,034,000,000	21,034,000,000	20,567,000,000	21,193,000,000	36,381,000,000	34,888	33,854,000,000	34,928	48,986	47,478	50,419	49,747,000,000	54,291			56,121,000,000	54,476,007				19,927,895,000	19,927,895,000	23,815,000,000	19,927,895,000	21,045,746,000	20,943,344,000	15,031,891,000
equity and liabilities
equity
equity attributable to equity owners of the parent	1,306,000,000	1,099,000,000	911,000,000	858,000,000	782,000,000		591,000,000	586,000,000	379,000,000	401,000,000	298,000,000	163,000,000	-25,000,000	811,000,000	543,000,000	1,226,000,000	1,239,000,000	4,000,000,000	3,933,000,000	3,670,000,000	3,915,000,000	3,915,000,000	3,549,000,000	4,018,000,000	4,018,000,000	4,809,000,000	5,355,000,000	5,355,000,000	5,720,000,000	5,960,000,000	4,778,000,000	4,365	3,765,000,000	4,262	8,578	8,424	10,935	9,733,000,000	14,410			14,343,000,000
non-controlling interests	190,000,000	158,000,000	214,000,000	213,000,000	206,000,000	85,000,000	972,000,000	919,000,000	898,000,000	825,000,000	849,000,000	850,000,000	857,000,000	891,000,000	949,000,000	994,000,000	934,000,000			-891,000,000	-885,000,000	-885,000,000	-554,000,000	-397,000,000	-397,000,000	-329,000,000	-277,000,000	-277,000,000	-224,000,000	83,000,000	96,000,000	77	129,000,000	157	-651	-644	373	-655,000,000	467			947,000,000							290,000,000
total equity	1,496,000,000	1,257,000,000	1,125,000,000	1,071,000,000	988,000,000	338,000,000	1,563,000,000	1,505,000,000	1,277,000,000	1,226,000,000	1,147,000,000	1,013,000,000	832,000,000	1,702,000,000	1,492,000,000	2,220,000,000	2,173,000,000	2,990,000,000	3,035,000,000	2,779,000,000	3,030,000,000	3,030,000,000	2,995,000,000	3,621,000,000	3,621,000,000	4,480,000,000	5,078,000,000	5,078,000,000	5,496,000,000	6,043,000,000	4,874,000,000	4,442	3,894,000,000	4,419	7,927	7,780	11,308	9,078,000,000	14,877			15,290,000,000	14,906,596				4,508,509,000	10,812,667,000	-193,000,000	10,812,667,000	11,137,994,000	10,644,394,000	5,376,174,000
non-current liabilities
debt and derivatives	3,852,000,000	3,028,000,000	2,987,000,000	3,464,000,000	3,791,000,000	-97,000,000	9,439,000,000	9,404,000,000	8,616,000,000	8,717,000,000	8,564,000,000	8,832,000,000	7,061,000,000	7,297,000,000	6,943,000,000	7,759,000,000
provisions	43,000,000	48,000,000	44,000,000	44,000,000	47,000,000	-9,000,000	105,000,000	87,000,000	91,000,000	149,000,000	137,000,000	141,000,000	116,000,000	121,000,000	114,000,000	138,000,000	119,000,000	126,000,000	123,000,000	110,000,000	124,000,000	124,000,000	129,000,000	130,000,000	130,000,000	134,000,000	139,000,000	139,000,000	156,000,000	148,000,000	175,000,000	163	350,000,000	288	476	418	418	417,000,000	557			521,000,000							215,000,000
deferred tax liabilities	26,000,000	27,000,000	19,000,000	26,000,000	20,000,000		22,000,000	115,000,000	174,000,000	153,000,000	134,000,000	127,000,000	108,000,000	113,000,000	135,000,000	141,000,000	144,000,000	156,000,000	174,000,000	180,000,000	231,000,000	231,000,000	287,000,000	347,000,000	347,000,000	259,000,000	329,000,000	329,000,000	345,000,000	331,000,000	298,000,000		404,000,000																1,112,000,000
other liabilities	18,000,000	22,000,000	31,000,000	29,000,000	25,000,000	-204,000,000	57,000,000	36,000,000	31,000,000	31,000,000	29,000,000	28,000,000	26,000,000	29,000,000	26,000,000	33,000,000	42,000,000	42,000,000	39,000,000	53,000,000	53,000,000	53,000,000	42,000,000	38,000,000	38,000,000	94,000,000	44,000,000	44,000,000	36,000,000	44,000,000
total non-current liabilities	3,939,000,000	3,125,000,000	3,081,000,000	3,563,000,000	3,883,000,000		9,623,000,000	9,642,000,000	8,912,000,000	9,050,000,000	8,864,000,000	9,128,000,000	7,311,000,000	7,560,000,000	7,218,000,000	8,071,000,000	7,666,000,000	8,101,000,000	8,682,000,000	6,910,000,000	8,578,000,000	8,578,000,000	9,502,000,000	10,257,000,000	10,257,000,000	10,754,000,000	10,089,000,000	10,089,000,000	8,466,000,000	8,593,000,000	9,155,000,000	8,714	8,944,000,000	8,663	28,968	28,118	29,048	29,293,000,000	29,519			30,052,000,000							18,298,000,000
current liabilities
trade and other payables	1,334,000,000	1,276,000,000	1,058,000,000	1,200,000,000	1,001,000,000		1,870,000,000				1,886,000,000	1,977,000,000	1,684,000,000			1,847,000,000	1,371,000,000	1,565,000,000	1,478,000,000	1,432,000,000	1,607,000,000	1,607,000,000	1,644,000,000	1,626,000,000	1,626,000,000	1,544,000,000	1,539,000,000	1,539,000,000	1,884,000,000	1,744,000,000	1,717,000,000	1,561	1,768,000,000	1,814	4,367	4,205	4,733	4,733,000,000	3,999			4,140,000,000
current income tax payables	104,000,000	179,000,000	166,000,000	154,000,000	160,000,000		222,000,000	228,000,000	212,000,000	207,000,000	204,000,000	175,000,000	161,000,000	97,000,000	95,000,000	102,000,000	118,000,000	144,000,000	201,000,000		65,000,000	65,000,000	89,000,000	66,000,000	66,000,000	54,000,000	13,000,000	13,000,000	6,000,000	57,000,000	43,000,000		19,000,000
total current liabilities	2,992,000,000	3,626,000,000	3,072,000,000	3,584,000,000	3,516,000,000		6,136,000,000	4,383,000,000	4,272,000,000	4,477,000,000	4,295,000,000	4,410,000,000	4,967,000,000	5,473,000,000	5,714,000,000	5,768,000,000	5,824,000,000	5,428,000,000	4,959,000,000	4,409,000,000	4,823,000,000	4,823,000,000	4,898,000,000	4,791,000,000	4,791,000,000	4,988,000,000	5,800,000,000	5,800,000,000	6,605,000,000	6,557,000,000	6,329,000,000	5,941	5,539,000,000	6,157	12,027	11,515	9,993	11,306,000,000	9,823			10,779,000,000	10,979,897				3,221,952,000	3,221,952,000	5,710,000,000	3,221,952,000	4,063,852,000	3,975,582,000	3,128,978,000
liabilities associated with assets held for sale	36,000,000	28,000,000	51,000,000		4,624,000,000		372,000,000	391,000,000	561,000,000										9,000,000	4,000,000			47,000,000	81,000,000	81,000,000	58,000,000	67,000,000	67,000,000			16,023,000,000	15,791	15,477,000,000	15,689	64	65	70	70,000,000	72
total equity and liabilities	8,463,000,000	8,036,000,000	7,329,000,000	8,218,000,000	13,011,000,000		17,694,000,000	15,921,000,000	15,022,000,000	14,753,000,000	14,306,000,000	14,551,000,000	13,110,000,000	14,735,000,000	14,424,000,000	16,059,000,000	15,663,000,000	16,519,000,000	16,676,000,000	14,102,000,000	16,431,000,000	16,431,000,000	17,442,000,000	18,750,000,000	18,750,000,000	20,280,000,000	21,034,000,000	21,034,000,000	20,567,000,000	21,193,000,000	36,381,000,000	34,888	33,854,000,000	34,928	48,986	47,478	50,419	49,747,000,000	54,291			56,121,000,000							23,815,000,000
veon ltd \| unaudited interim condensed consolidated financial statements as of and for the period ended june 30, 2023
operating revenue						571,000,000
operating expenses						-403,000,000
other (expenses) / income						-12,000,000
profit / (loss) before tax						156,000,000
income tax expense						-33,000,000
profit / (loss) for the year						123,000,000
total comprehensive income /						123,000,000
attributed to ncis						31,000,000
dividends paid to ncis
other non-current assets						39,000,000																																					1,397,513				576,324,000			576,324,000
other current assets						27,000,000																																					2,471,946				418,269,000	454,328,000		418,269,000	348,501,000	381,545,000	430,640,000
attributed to:
equity holders of the parent						253,000,000
net operating cash flows						243,000,000
net investing cash flows						-127,000,000
net financing cash flows						-117,000,000
net foreign exchange difference						-3,000,000																													-37							75,000,000
net increase / (decrease) in cash equivalents						-4,000,000
dividend payable							4,000,000		2,000,000	44,000,000
investments and derivatives*								86,000,000	32,000,000	68,000,000
cash and cash equivalents*								2,252,000,000	1,498,000,000	1,192,000,000
trade and other payables*								2,031,000,000	1,850,000,000	1,967,000,000
debt and derivatives*								1,242,000,000	1,320,000,000	1,216,000,000
trade and other receivables *														437,000,000	422,000,000
investments and derivatives *														276,000,000	361,000,000
trade and other payables *														1,535,000,000	1,386,000,000
debt and derivatives *														2,812,000,000	3,109,000,000
assets held for sale																	18,000,000	18,000,000
liabilities held for sale																	5,000,000	6,000,000
goodwill																	3,850,000,000	3,971,000,000	3,951,000,000	3,816,000,000	3,996,000,000	3,996,000,000	4,139,000,000	4,414,000,000	4,414,000,000	4,457,000,000	4,538,000,000	4,538,000,000	4,873,000,000	4,696,000,000	4,696,000,000	4,449	4,223,000,000	4,500	14,061	13,937	14,709	14,709,000,000	16,703			17,366,000,000	17,027,569				7,003,714,000	7,003,714,000		7,003,714,000	6,943,143,000	6,960,840,000	3,674,705,000
financial assets																	70,000,000	762,000,000														333		151	141	241	262		1,163			1,549,000,000							866,000,000
financial liabilities																	7,361,000,000	7,777,000,000		6,567,000,000	8,170,000,000	8,170,000,000	9,044,000,000	9,742,000,000	9,742,000,000	10,267,000,000	9,577,000,000	9,577,000,000	7,929,000,000	8,070,000,000	8,580,000,000		8,095,000,000				26,802	26,802,000,000	27,219			27,510,000,000							16,825,000,000
other financial assets																			729,000,000	88,000,000	19,000,000	19,000,000	18,000,000	20,000,000	20,000,000	126,000,000	281,000,000	281,000,000	282,000,000	306,000,000	292,000,000	194	164,000,000	343	298	460	440	262,000,000	400			331,000,000
other financial liabilities																			8,346,000,000	1,289,000,000	1,560,000,000	1,560,000,000	1,527,000,000	1,284,000,000	1,284,000,000	1,704,000,000	2,576,000,000	2,576,000,000	2,933,000,000	3,046,000,000	2,822,000,000	51	1,693,000,000	87	538	1,150	2,426	2,426,000,000	3,251			3,061,000,000
investments in joint ventures and associates																								1,834,000,000	1,834,000,000	2,059,000,000	2,049,000,000	2,049,000,000	2,115,000,000
non-current income tax advance																					34,000,000	34,000,000	33,000,000	31,000,000	31,000,000	25,000,000	28,000,000	28,000,000	26,000,000	25,000,000			28,000,000
*
as of december 31, 2017																									1,749,127,404,000,000
adjustments arising due to new accounting standards
as of january 1, 2018																									1,749,127,404,000,000
profit / (loss) for the period
other comprehensive income /
dividends declared
legal reserves
as of march 31, 2018																									1,749,127,404,000,000
as at january 1, 2017																												2,000,000	2,000,000
(loss) / profit for the period
other comprehensive income
total comprehensive (loss) / income
share-based payment transactions
changes in ownership interest in a subsidiary that do not result in a loss of control
reallocation to legal reserve in algeria
as at june 30, 2017																												2,000,000
loss for the period
total comprehensive income
changes in a parent’s ownership interest in a subsidiary that do not result in a loss of control
as at march 31, 2017																													2,000,000
for the three month period ended march 31, 2016
as at january 1, 2016																													2,000,000	2,000,000	2,000,000
profit for the period
other
as at march 31, 2016																													2,000,000
investments in associates and joint ventures																														2,179,000,000	201,000,000	210	201,000,000	223	417	400	449	449,000,000	496			457,000,000
as at december 31, 2016																														2,000,000
non-current income tax asset																															14,000,000
other non-financial assets																															126,000,000	119	105,000,000	16	17	16	70	18,000,000	29			46,000,000
other non-financial liabilities																															102,000,000	92	95,000,000	118	442	432	433	433,000,000	394			458,000,000
as at september 30, 2016																															2,000,000
deferred tax asset																																124		175	355	321	340		331			370,000,000
income tax advances, non-current																																13		46	51	34
current income tax asset																																254		208	288	259	335	335,000,000	220			233,000,000
debt																																8,031		7,800	25,746	24,581
deferred tax liability																																377		370	1,766	1,537	1,395	1,641,000,000	1,349			1,563,000,000
dividends payable to the owners and nci																																69
current income tax payable																																21		74	111	136	124	166,000,000	161			411,000,000
usd mln																																			2
operating activities
profit after tax																																			58							354,000,000
income tax expenses																																			421
profit before tax																																			479							593,000,000
non-cash adjustment to reconcile profit before tax to net operating cash flows:
depreciation																																			742							727,000,000
amortization																																			379							532,000,000
impairment loss																																			2
income from disposal of non current assets																																			15
finance income																																			-21							-41,000,000
finance cost																																			554
other non operating incomees /																																			-59
net foreign exchange loss /																																			-21
share of loss of associates and joint ventures																																			6
movements in provisions and pensions																																			11							6,000,000
changes in working capital																																			-171
net interest paid																																			-549
income tax paid																																			-265							-161,000,000
net cash from operating activities																																			1,102
proceeds from sale of property, plant and equipment and intangible assets																																			4
purchase of property, plant and equipment and intangible assets																																			-1,217
payments on deposits and loans granted																																			153
disposal of subsidiaries, ner cash disposed
net cash from investing activities																																			-1,060
gross proceeds from borrowings																																			8,179
repayment of borrowings																																			-7,219							-463,000,000
dividends paid to equity holders
share capital issued and paid
acquisition of non-controling interest
net cash from financing activities																																			960
net increase in cash and cash equivalents																																			1,002							1,633,000,000
cash and cash equivalent at beginning of period																																			4,540
cash and cash equivalent at end of period																																			5,505
1)
dividends payable
non-current income tax assets																																						52,000,000
dividend payables																																										554,000,000
vimpelcom ltd. 3q 2012
vimpelcom ltd. 2q 2012
tax expense																																										239,000,000
profit/(loss) from discontinued operations
non-cash adjustment to reconcile profit before tax to net cash flows:
impairment loss/																																										-6,000,000
loss on disposals of non-current assets																																										43,000,000
finance costs																																										484,000,000
other non-operating (gains)/losses																																										26,000,000
net foreign exchange loss																																										-63,000,000
share of net profit of associate																																										16,000,000
working capital adjustments:
(increase)/decrease in trade and other receivables and prepayments																																										-142,000,000
(increase)/decrease in inventories
increase/(decrease) in trade and other payables																																										-95,000,000
interest paid																																										-408,000,000
interest received																																										96,000,000
net cash flows from operating activities																																										1,607,000,000
investing activities
proceeds from sale of property and equipment and intangible assets																																										7,000,000
purchase of property and equipment and intangible assets																																										-872,000,000
payments of loans granted																																										-50,000,000
receipts/(payments) from deposits and loans granted																																										1,000,000
receipts from/(investments in) associates
acquisition of subsidiaries, net of cash acquired																																										-1,000,000
net cash flows used in investing activities																																										-915,000,000
financing activities
net proceeds from exercise of share options
acquisition of non-controlling interest																																										-9,000,000
proceeds from borrowings net of fees paid																																										1,412,000,000
purchase of treasury shares
proceeds from sale of treasury stock																																										1,000,000
dividends paid to equity holders of the parent
dividends paid to non-controlling interests
net cash flows used in financing activities																																										941,000,000
cash and cash equivalents at beginning of period																																										2,325,000,000
cash and cash equivalents at end of period																																										4,033,000,000
current assets:
trade accounts receivable, net of allowance for doubtful accounts																																											2,527,588				506,322,000	506,322,000		506,322,000	525,659,000	516,272,000	449,599,000
inventory																																											226,857				137,413,000	137,413,000		137,413,000	83,620,000	76,507,000	63,310,000
deferred income taxes																																											148,098				117,236,000	117,236,000		117,236,000	99,405,000	109,189,000	89,178,000
input value added tax																																											161,837				137,958,000	137,958,000		137,958,000	143,908,000	128,417,000	135,285,000
due from related parties																																											86,626				87,151,000	87,151,000		87,151,000	113,006,000	146,483,000	187,260,000
short-term bank deposits																																											176,132
telecommunications licenses																																											4,614,156				562,931,000	562,931,000		562,931,000	583,221,000	619,162,000	535,024,000
other intangible assets																																											6,209,439				1,481,800,000	1,481,800,000		1,481,800,000	1,629,117,000	1,594,323,000	689,289,000
software																																											946,259				627,330,000	627,330,000		627,330,000	513,459,000	577,443,000	441,514,000
investments in associates																																											1,274,773				446,130,000	446,130,000		446,130,000	440,952,000	425,726,000	432,562,000
due from related party																																											11,250
liabilities, redeemable non-controlling interest and equity
current liabilities:
accounts payable																																											4,367,582				963,450,000	963,450,000		963,450,000	749,750,000	690,168,000	525,013,000
due to employees																																											262,811				108,050,000	108,050,000		108,050,000	149,032,000	151,381,000	156,019,000
due to related parties																																											25,212				5,634,000	5,634,000		5,634,000	2,777,000	4,421,000	9,998,000
accrued liabilities																																											1,543,719				212,323,000	212,323,000		212,323,000	393,797,000	863,482,000	399,918,000
taxes payable																																											1,104,737				233,848,000	233,848,000		233,848,000	287,015,000	344,586,000	337,437,000
customer advances, net of vat																																											874,169				452,055,000	452,055,000		452,055,000	326,956,000	362,472,000	315,088,000
customer deposits																																											97,129				33,835,000	33,835,000		33,835,000	28,412,000	27,135,000	29,109,000
short-term debt																																											2,648,845				1,162,444,000	1,162,444,000		1,162,444,000	2,126,113,000	1,531,937,000	1,356,396,000
liabilities associated to assets held for sale
long-term debt																																											24,387,629				4,498,861,000	4,498,861,000		4,498,861,000	4,366,641,000	4,800,701,000	5,291,747,000
other non-current liabilities																																											1,892,613				184,133,000	184,133,000	78,000,000	184,133,000	171,418,000	177,199,000	178,118,000
total liabilities																																											39,029,348				8,593,152,000	8,593,152,000	24,008,000,000	8,593,152,000	9,389,088,000	9,783,677,000	9,143,775,000
redeemable noncontrolling interest																																											540,063				522,076,000	522,076,000		522,076,000	518,664,000	515,273,000	511,942,000
convertible voting preferred stock (0.001 usd nominal value per share), 433,532,000 shares authorized; 433,532,000 shares issued and outstanding																																											434
common stock																																											1,628				1,026,000	1,303,000		1,303,000	1,303,000	1,303,000	92,000
ordinary stock (0.001 usd nominal value per share), 50,000,000 shares authorized; nil shares issued and outstanding
additional paid-in capital																																											11,248,199				1,142,594,000	6,292,269,000		6,292,269,000	6,294,869,000	6,291,921,000	1,152,515,000
retained earnings																																											4,426,260				4,074,492,000	5,153,819,000		5,153,819,000	5,286,612,000	4,790,710,000	4,466,862,000
accumulated other comprehensive loss																																											-1,331,013				-488,277,000	-561,154,000		-561,154,000	-497,816,000	-609,555,000
treasury stock																																											-212,242				-223,421,000	-215,763,000		-215,763,000	-223,406,000	-223,406,000	-223,406,000
total vimpelcom shareholders’ equity																																											14,041,985				4,506,543,000	10,670,603,000		10,670,603,000	10,861,692,000	10,251,102,000
noncontrolling interest																																											864,609				1,966,000	142,064,000		142,064,000	276,302,000	393,292,000	398,555,000
total liabilities, redeemable noncontrolling interest and equity																																											54,476,007				14,732,541,000	19,927,895,000		19,927,895,000	21,045,746,000	20,943,344,000	15,031,891,000
vimpelcom ltd. 4q 2012
liabilities, redeemable noncontrolling interest and equity
equity:
convertible voting preferred stock (0.001 us nominal value per share), 128,532,000 shares authorized; 128,532,000 shares issued and outstanding																																															129,000	129,000		129,000
ordinary stock (0.001 us nominal value per share), 50,000,000 shares authorized; nil shares issued and outstanding
commitments, contingencies and uncertainties
property, plant and equipment																																																	7,577,000,000
trade receivables																																																	1,796,000,000
current tax assets																																																	104,000,000
other receivables																																																	519,000,000
non-current assets classified as held for sale																																																	78,000,000
issued capital																																																	565,000,000
share premium reserve																																																	3,295,000,000
legal reserve																																																	118,000,000
reserves and retained earnings or losses carried forward																																																	-4,461,000,000
equity attributable to owners of the parent																																																	-483,000,000
liabilities
employee benefits																																																	68,000,000
trade payables																																																	2,926,000,000
other payables																																																	1,255,000,000
tax payable																																																	148,000,000
liabilities directly associated with non-current assets classified as held for sale																																																	38,000,000
convertible voting preferred stock (0.001 us nominal value per share), 200,000,000 shares authorized; 128,532,000 shares issued and outstanding																																																			129,000	129,000
convertible voting preferred stock (.005 rubles nominal value per share), 10,000,000 shares authorized; 6,426,600 shares issued and outstanding
accumulated other comprehensive																																																					-418,444,000
total ojsc vimpelcom shareholders’ equity																																																					4,977,619,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-06-30	2024-06-30	2022-06-30	2021-09-30	2021-06-30	2021-03-31	2020-09-30	2020-06-30	2020-03-31	2019-09-30	2019-06-30	2019-03-31	2018-11-08	2018-08-02	2018-05-14	2017-09-11	2017-08-03	2011-09-30	2011-03-29	2010-12-31	2010-12-02	2010-09-02	2010-05-26

operating activities
profit before tax	812,000,000	261,000,000	20,000,000													261,000,000
non-cash adjustments to reconcile profit before tax to net cash flows
depreciation, amortization and impairment loss	397,000,000
loss on disposal of non-current assets		1,000,000	-18,000,000
gain on disposal of subsidiaries	-497,000,000
finance costs	246,000,000	249,000,000	399,000,000	507,000,000	330,000,000	166,000,000	568,000,000	391,000,000	207,000,000	670,000,000	421,000,000	211,000,000	633,000,000	423,000,000	217,000,000	673,000,000	447,000,000
finance income	-20,000,000	-22,000,000	-13,000,000	-10,000,000	-5,000,000		-20,000,000	-15,000,000					-43,000,000	-31,000,000	-19,000,000	-70,000,000	-46,000,000
other non-operating gain	-31,000,000
net foreign exchange loss	52,000,000	12,000,000	-172,000,000
changes in trade and other receivables and prepayments	-98,000,000	-63,000,000	-30,000,000	-170,000,000	-156,000,000	-84,000,000	-133,000,000						123,000,000	181,000,000	45,000,000	-176,000,000	-66,000,000
changes in inventories	-3,000,000	-5,000,000	20,000,000	-8,000,000	-14,000,000		45,000,000	45,000,000	23,000,000				-125,000,000	-120,000,000	-50,000,000	34,000,000	11,000,000
changes in trade and other payables	79,000,000	-17,000,000	-97,000,000	99,000,000	50,000,000	3,000,000	81,000,000					27,000,000	168,000,000	100,000,000	101,000,000	217,000,000	119,000,000
changes in provisions, pensions and other	48,000,000	41,000,000	9,000,000	-16,000,000	6,000,000	7,000,000	-10,000,000	-14,000,000		51,000,000	46,000,000
interest paid	-192,000,000	-220,000,000	-372,000,000	-435,000,000	-306,000,000	-133,000,000	-475,000,000	-337,000,000					-559,000,000	-397,000,000	-194,000,000	-570,000,000	-418,000,000
interest received	20,000,000	18,000,000	12,000,000	10,000,000	5,000,000	2,000,000	19,000,000	15,000,000	9,000,000	49,000,000	32,000,000	16,000,000	43,000,000	32,000,000	18,000,000	57,000,000	36,000,000
income tax paid	-244,000,000	-130,000,000	-180,000,000	-192,000,000	-141,000,000	-74,000,000	-279,000,000	-175,000,000					-324,000,000	-212,000,000	-104,000,000	-320,000,000	-243,000,000
net cash flows from operating activities	569,000,000				1,199,000,000	596,000,000	1,875,000,000	1,105,000,000	626,000,000	2,285,000,000	1,550,000,000	805,000,000	1,880,000,000	1,302,000,000	702,000,000
investing activities
purchase of property, plant and equipment	-357,000,000	-341,000,000
purchase of intangible assets	-67,000,000	-116,000,000
payment on deposits	-20,000,000	-29,000,000					-127,000,000
receipts from / investment (in) financial assets	31,000,000
acquisition of a subsidiary, net of cash acquired	-141,000,000		1,000,000
proceeds from sales of share in subsidiaries, net of cash	280,000,000		42,000,000
proceeds from sales of property, plant and equipment	4,000,000	101,000,000
outflows on loans granted	-48,000,000	-29,000,000
other proceeds from investing activities		-1,000,000	7,000,000	-3,000,000	-6,000,000	4,000,000		7,000,000	3,000,000	26,000,000	24,000,000	3,000,000
net cash from investing activities	-318,000,000																		-1,385,733,000		-418,214,000	-70,961,000	7,355,000
financing activities
proceeds from borrowings, net of fees paid *	562,000,000								1,087,000,000	1,910,000,000
repayment of debt	-1,161,000,000	-1,271,000,000	-1,658,000,000	-1,085,000,000	-711,000,000	-352,000,000	-3,558,000,000
dividends paid to non-controlling interests		-6,000,000	-7,000,000	-6,000,000			-88,000,000	-19,000,000					-92,000,000	-11,000,000		-169,000,000	-82,000,000
share repurchases	-68,000,000
net cash from financing activities	-667,000,000																				-443,979,000	-201,918,000	-736,624,000
net decrease in cash and cash equivalents	-416,000,000
net foreign exchange difference	2,000,000			-17,000,000		1,000,000	-59,000,000	-37,000,000				11,000,000	-65,000,000	-47,000,000	10,000,000
cash and cash equivalents classified as held for sale at the beginning of the period	14,000,000		113,000,000
cash and cash equivalents classified as held for sale at the end of the period	-6,000,000	-35,000,000	-163,000,000													-2,000,000	-6,000,000
cash and cash equivalents at beginning of the period, net of overdrafts **	1,688,000,000
cash and cash equivalents at end of the period, net of overdrafts	1,282,000,000
net foreign exchange gain										29,000,000	8,000,000		12,000,000	-1,000,000	-12,000,000	-47,000,000	-62,000,000				10,300	-83,000	100,000
net cash flows from operating activities from continuing operations		470,000,000	1,048,000,000	1,793,000,000
net cash flows from operating activities from discontinued operations			124,000,000
payments on deposits
outflows on loan granted
receipts from / (investment in) financial assets			-11,000,000			-13,000,000	-29,000,000			4,000,000			50,000,000	36,000,000	21,000,000
net cash flows from investing activities from continuing operations		-546,000,000	-1,228,000,000
net cash flows from investing activities from discontinued operations			-55,000,000
net cash flows (used in) / from financing activities from continuing operations
net cash flows used in financing activities from discontinued operations
net increase in cash and cash equivalents			168,000,000																-1,816,445,000		420,088,000	517,309,000	82,656,000
net foreign exchange difference related to continuing operations		-13,000,000	-14,000,000
net foreign exchange difference related to discontinued operations			-7,000,000
cash and cash equivalents classified as discontinued operations/held for sale at the beginning of the period
cash and cash equivalents classified as discontinued operations/held for sale at the end of the period
cash and cash equivalents at beginning of period								1,204,000,000	1,204,000,000	1,791,000,000	1,791,000,000	1,791,000,000	1,314,000,000	1,304,000,000	1,304,000,000	2,942,000,000	2,942,000,000		0		0	0	1,446,949,000
cash and cash equivalents at end of period, net of overdraft **
depreciation, amortization and impairment loss /		366,000,000	1,439,000,000	1,370,000,000	999,000,000	494,000,000	2,243,000,000	983,000,000	508,000,000	1,617,000,000	1,027,000,000	503,000,000	2,186,000,000	940,000,000	475,000,000
other non-operating loss		-21,000,000	-1,000,000
investment in financial assets		-131,000,000														-107,000,000	-107,000,000
proceeds from borrowings, net of fees paid**		361,000,000	1,954,000,000	835,000,000							1,206,000,000		837,000,000	607,000,000
net cash flows from financing activities from continuing operations		-916,000,000	290,000,000
net cash flows from financing activities from discontinued operations			-11,000,000
net (decrease) in cash and cash equivalents		-992,000,000
cash and cash equivalents at beginning of period, net of overdrafts		1,902,000,000	2,239,000,000			1,586,000,000	1,204,000,000
cash and cash equivalents at end of period, net of overdrafts		862,000,000
loss on disposal of subsidiaries			32,000,000
investment in financial assets***
proceeds from borrowings, net of fees paid **												794,000,000
acquisition of non-controlling interest				-279,000,000	-273,000,000	-273,000,000		-1,000,000								-259,000,000	-259,000,000
cash and cash equivalents at end of period, net of overdraft
profit / (loss) before tax				655,000,000	445,000,000	229,000,000	-95,000,000	438,000,000	195,000,000						37,000,000
(gain) / loss on disposal of non-current assets				8,000,000	4,000,000	4,000,000	16,000,000	12,000,000	6,000,000
(gain) / loss on disposal of subsidiaries
other non-operating (gain) / loss				-24,000,000	-7,000,000		-100,000,000	-101,000,000
net foreign exchange (gain) / loss				-1,000,000	-11,000,000	-10,000,000	15,000,000	21,000,000	29,000,000
purchase of property, plant and equipment and intangible assets			-1,227,000,000	-1,327,000,000	-1,047,000,000	-573,000,000	-1,287,000,000	-893,000,000					-1,504,000,000	-1,177,000,000	-676,000,000	-1,559,000,000	-1,196,000,000
receipts from / (payment on) deposits			-40,000,000	-33,000,000	-52,000,000			-98,000,000					1,042,000,000	1,042,000,000	1,011,000,000
inflow / (outflows) on loans granted
net cash flows from / (used in) investing activities from continuing operations				-1,400,000,000
net cash flows from / (used in) investing activities from discontinued operations
other movements
net cash flows from / (used in) financing activities from continuing operations				-535,000,000
net cash flows from / (used in) financing activities from discontinued operations
net (decrease) / increase in cash and cash equivalents				-84,000,000	-482,000,000	-407,000,000	-229,000,000	-4,000,000	255,000,000				1,858,000,000	-121,000,000
cash and cash equivalents at end of period, net of overdrafts***			2,336,000,000	1,468,000,000							1,274,000,000
receipts from / (payments) on deposits
receipts from / (investment in) financial assets****				-37,000,000
dividends paid to owners of the parent							-259,000,000	-259,000,000					-487,000,000	-286,000,000	-286,000,000
net increase / (decrease) in cash and cash equivalents															69,000,000
cash and cash equivalents at beginning of period****				1,661,000,000
cash and cash equivalents at end of period, net of overdraft ***												1,192,000,000
profit / (loss) before tax from continuing operations										995,000,000		609,000,000	-305,000,000	338,000,000
cash and cash equivalents classified as discontinued operations/held for sale at the end of period
net cash flow from operating activities from discontinued operations				209,000,000
net cash flow from / (used in) investing activities from discontinued operations				-89,000,000
net cash flow from / (used in) financing activities from discontinued operations				-62,000,000
cash and cash equivalents classified as discontinued operations/held for sale
at the end of period				-92,000,000
receipts from / (investment in) financial assets***					-29,000,000			-64,000,000
net cash flows from / (used in) investing activities					-1,134,000,000	-580,000,000	-1,410,000,000	-1,048,000,000					2,432,000,000	-90,000,000	368,000,000
proceeds from borrowings, net of fees paid*					437,000,000	202,000,000	3,212,000,000	2,951,000,000							390,000,000	5,247,000,000	4,442,000,000
net cash flows from / (used in) financing activities					-547,000,000	-423,000,000	-694,000,000	-61,000,000	124,000,000				-2,454,000,000	-1,333,000,000
cash and cash equivalents at beginning of period***					1,661,000,000
cash and cash equivalents at end of period, net of overdrafts**					1,179,000,000	1,180,000,000	916,000,000	1,163,000,000
receipts from / (payments on) deposits						2,000,000
receipts from deposits							42,000,000			693,000,000
proceeds from sale of italy joint venture													2,830,000,000
other cash flows from / (used in) investing activities
changes in trade and other receivables and prepayments***								-100,000,000
changes in trade and other payables***								-58,000,000	19,000,000
repayment of debt***								-2,733,000,000
purchase of property, equipment and intangible assets
cash and cash equivalents at end of period, net of overdrafts **									1,389,000,000	1,198,000,000
gain / (loss) on disposal of non-current assets										28,000,000		7,000,000	47,000,000	37,000,000
gain / (loss) on disposal of subsidiaries													-20,000,000
other non-operating incomees
proceed from sale of italy joint venture
repayment of borrowings													-2,712,000,000	-1,643,000,000	-1,105,000,000	-4,658,000,000	-3,606,000,000
repayment of lease liabilities
profit before tax from continuing operations											865,000,000
gain on disposal of non-current assets											14,000,000
other non-operating losses													49,000,000	25,000,000	9,000,000	112,000,000	152,000,000
net cash flows from investing activities
net cash flows from financing activities															-1,001,000,000
changes in provisions and pensions												15,000,000	-5,000,000	7,000,000	32,000,000	-80,000,000	-69,000,000
non-cash adjustments to reconcile profit before tax to net cash flows:
share of loss and impairment of joint ventures and associates
net cash flows from operating activities of discontinued operations
purchase of property and equipment and intangible assets
proceeds from sale of property and equipment and intangible assets
acquisition of subsidiaries, net of cash acquired
proceeds from sale of shares in subsidiaries, net of cash disposed													2,000,000	2,000,000	8,000,000
net cash flows from investing activities of discontinued operations
net cash flows from financing activities of discontinued operations
classified as held for sale at the beginning of period
classified as held for sale at the end of the period
proceeds from sale of property, plant and equipment and intangible assets													12,000,000	7,000,000	4,000,000	15,000,000	15,000,000
cash and cash equivalents classified as held for sale
at the beginning of period													1,000,000	10,000,000	11,000,000
at the end of the period														-4,000,000
cash and cash equivalents at end of period, net of overdraft***													3,108,000,000
gain / (loss) on sale of subsidiaries														-20,000,000
cash and cash equivalents at end of period net of overdrafts***														1,142,000,000
loss on disposals of non-current assets															17,000,000	16,000,000	9,000,000
share of loss of joint ventures and associates															130,000,000	256,000,000	196,000,000
cash and cash equivalents at end of period															1,393,000,000	2,565,000,000	2,873,000,000		-1,816,445,000		420,088,000	517,309,000	1,529,605,000
depreciation, amortization and impairment losses																1,523,000,000	1,049,000,000
impairment of joint ventures and associates																110,000,000	110,000,000
net cash flow from operating activities of discontinued operations
net cash flow from operating activities																1,996,000,000	1,162,000,000
loans granted																-2,000,000	-2,000,000
(payment on) / receipts from deposits																-37,000,000	-24,000,000
net cash flow used in investing activities of discontinued operations
net cash flow used in investing activities																-1,690,000,000	-1,314,000,000
dividends paid to the owners of the parent																-518,000,000	-332,000,000
proceeds from sale of non-controlling interests, net of fees paid																1,000,000
net cash flow used in financing activities of discontinued operations
net cash flow (used in)/ from financing activities																-356,000,000
net change in cash and cash equivalents																-50,000,000	11,000,000
net foreign exchange difference related to continued operations																-325,000,000	-74,000,000
cash and cash equivalents classified as held for sale at the beginning of period
(loss) / profit before tax																	-63,000,000
net cash flow from financing activities																	163,000,000
non-cash adjustments to reconcile profit before tax to net cash flows :
depreciation, amortization and impairment losses /
net cash flows from / (used in) operating activities
(investment in) / receipts from financial assets
net cash flows used in investing activities
net cash flows (used in) / from financing activities
(loss) for the year from continuing operations
tax expense
non-cash adjustment to reconcile profit before tax to net cash flows:
depreciation																				1,652,404,300	-139,300	139,000	-408,000
amortization																				427,905,800	-84,800	81,000	-134,000
impairment loss																							-1,000
other non-operating incomees /
share of loss / (profit) of associates and joint ventures accounted for using the equity method
impairment of associates and joint ventures accounted for using the equity method
movements in provisions and pensions
working capital adjustments:
repayment of loans granted
(payments for) / receipts from investments in financial assets
receipt of dividends
net proceeds from exercise of share options and purchase of treasury shares
proceeds from sale of non-controlling interest, net of fees paid
dividends paid to equity owners of the parent
net cash flows generated from/(used in) financing activities
opening balance of cash and cash equivalents of disposal group classified as held for sale
cash and cash equivalents at end of period**
profit / (loss) for the period from continuing operations
profit/ (loss) before tax
shares of loss / (profit) of associates and joint ventures accounted for using the equity method
movements in provisions
net cash flow (used in) / from investing activities of discontinued operations
net cash flows (used in) investing activities
net proceeds from exercise of share options
proceeds from borrowings net of fees paid*
proceeds from sale of non-controlling interest net of fees paid
net cash flows generated from / (used in) financing activities
net increase/(decrease) in cash and cash equivalents
(loss)/ profit before tax
shares of losses of associates and joint ventures accounted for using the equity method
receipts from/(payments on) deposits
receipts from investments in financial assets
share capital issued and paid																				0
net cash flow used/from in financing activities of discontinued operations
cash and cash equivalents re-classified as held for sale
profit for the year
income tax expense																					-110,300	41,000	-161,000
non-cash adjustment to reconcile profit before tax to net cash flows from operating activities:
impairment losses
shares of loss/(profit) of associates and joint ventures accounted for using the equity method
operating profit before working capital adjustments
change in trade and other receivables and prepayments
change in inventories
change in trade and other payables
working capital adjustments: - sum
loans granted to associates, net of repayments
change in short-term deposits
disposal of subsidiaries, net of cash disposed
other
proceeds from borrowings, net of fees paid
dividends paid to equity holders of the parent
proceeds from issuance of share capital
net cash flows from/ from financing activities
net income																				1,720,354,900	221,100	-133,000	422,000
adjustments to reconcile net income to net cash from operating activities:
depreciation & amortization
loss on foreign currency translation
changes in operating assets and liabilities:
net cash from operating activities																			144,520,000	769,056,000	1,258,919,000	838,888,000	803,279,000
purchases of property and equipment																			-567,813,000	-684,018,000	-395,823,000	-210,594,000	-144,113,000
purchases of intangible assets																			-43,359,000	-43,359,000	-3,947,000	-2,795,000	-8,503,000
purchases of software																			-81,093,000	-118,516,000	-61,084,000	-27,128,000	-57,379,000
proceeds from sale of property, plant and equipment
acqusition of subsidiaries, net of cash acquired
receipts from associates
payment for shares in golden telecom																			0	0
net flow from disposal of financial instruments
loans receivable repayment /
purchases of other assets																			-10,057,000	-10,084,000	-2,363,000	-4,651,000	-8,051,000
proceeds from bank and other loans																			940,503,000	436,196,000	478,108,000	57,115,000	203,227,000
repayments of bank and other loans																			-1,308,315,000	-1,308,316,000	-431,772,000	-230,653,000	-927,551,000
payments of fees in respect of debt issues																			-2,462,000	-2,462,000	-759,000	-1,764,000	-83,000
purchase of own shares																				0
payment of dividends																			-652,121,000	-575,949,000	0	0	-2,049,000
payment of dividends to noncontrolling interest																			-37,853,000	-37,853,000	0	-26,643,000	-7,874,000
other (payments)/receipts
net cash (used in)/from financing activities
effect of exchange rate changes on cash and cash equivalents																			-1,553,000		23,363,000	-48,700,000	8,646,000
supplemental cash flow information
non-cash activities:
accounts payable for property, equipment and other long-lived assets																					114,583,000	317,487,000	-138,899,000
(gain)/income from associates
benefit from deferred taxes
benefit from doubtful accounts
stock-based compensation expense/
income from early debt redemption
other adjustments
trade accounts receivable
inventory
input value added tax
other current assets
accounts payable
customer advances and deposits
taxes payable and accrued liabilities
investments in associates
escrow cash deposit
cash proceeds from kyivstar acquisition
cash increase due to sky mobile consolidation																			0	0	0	0	4,702,000
loan granted																			-532,052,000	-27,552,000	-257,000	-4,000	-5,044,000
loan receivable repayment																			0	0	0
investments deposits
net cash provided by/(used in) investing activities
proceeds from sale of treasury stock
share premium contributed																				24,000
purchase of noncontrolling interest in consolidated subsidiaries																			0	0	-10,300,000	0	-2,294,000
net proceeds from employee stock options																			7,312,000	7,312,000	0
net cash (used in)/ from financing activities
net (decrease)/increase in cash and cash equivalents
cash paid during the period:
income tax																					213,409,000	101,851,000	175,208,000
interest																					83,153,000	177,502,000	118,217,000
loss from assosiates
provision for deferred taxes
provision for doubtful accounts
loss from early debt redemption
other assets
investments in deposits
purchase of treasury stock
cash proceeds from kyivstar aqcuisition
acqusition of foratec, net of cash acquired
proceeds from withdrawal of deposits																					58,122,000	151,301,000	225,743,000
balances at june 30, 2010
stock based compensation accrual
acquisition of noncontrolling interests
accretion to redeemable non-controlling interest
comprehensive income:
foreign currency translation effect, net of tax
total accumulated comprehensive income
balances at september 30, 2010
balances at december 31, 2009
exercise of stock options
consolidation of variable interest entity
dividends to noncontrolling interest
effect of exchange offer
repurchase of noncontrolling interest in ojsc vimpelcom
issuance of shares for acquisition of kyivstar
issuance of shares
(gain)/income from assosiates
adjusted oibda																					611,700	-439,000	1,205,000
operating income																					387,600	-218,000	662,000
interest income																					9,600	-10,000	15,000
interest expense																					-79,700	96,000	-142,000
equity in net gain of associates																							-4,000
other income																					-15,600	37,000	-48,000
consolidated
net operating revenues
gross margin
gross margin, %
adjusted oibda, %
sg&a
including sales & marketing expenses
including advertising
including general & administrative costs
sg&a, %
net income attributable to vimpelcom ltd
capital expenditures																			-567,813,000	-684,018,000	-395,823,000	-210,594,000	-144,113,000
free cash flows																			-423,293,000	85,038,000	863,096,000	628,294,000	659,166,000
mobile
including mobile interconnect
subscriptions
fixed
including business segment
including wholesale segment
including residential segment
broadband subscriptions
bb subscritions using usb modems
bb fixed-line subscriptions
reconciliation of oibda total
adjusted oibda margin as a percentage of net operating revenue
vimpelcom ltd. (pro-forma), oibda, us mln																							1,000

VEON Ltd(NASDAQ:VEON)

VEON Ltd
(NASDAQ:VEON)