MagtiCom Ltd. makes its activities open to public and provides information on its contribution to Georgian economy.
In August 2002 MagtiCom’s contribution (without offsets) to the state economy made up GEL 3,800,205.77  while within the year 2002 (also without offsets) – GEL 22,429,360.51
 

	August 2002	Within 8 months of 2002
Withholding tax (10% income  taxation of foreign nationals)	229,719.36	686,696.64
VAT	601,009.20	7,610,224.20
Profit tax	2,129,173.00	4,308,346.00
Income tax	109,627.90	709,615.83
Property tax	223,499.98	781,535.96
Property transfer tax	383.80	16,767.18
Business tax	–	464,140.47
Highway Fund tax	–	678,048.50
Social insurance tax	153,950.00	1,007,489.80
Customs duty	211,734.70	5,223,676.11
Employment Fund tax	5,620.00	37,650.09
Public Health tax	22,360.00	150,698.72
Accrued Interest tax	–	5,097.19
Advertisement tax	–	57,391.00
Local fees	998.20	26,193.86
Georgian National  Communications Commission	112,129.63	665,788.96
TOTAL:	3,800,205.77 GEL	22,429,360.51 GEL

MagtiCom Ltd. employs 445 people.
MagtiCom Ltd. applies the international GAAP accounting system.

Respectfully sumbitted,

Levan Buchukuri
General Director
MagtiCom Ltd.