open joint stock company dalsvyaz consolidated financial statements as of december 31 2003 with report independent auditors contents 1 balance sheet 3 statement operations 4 cash flows 5 changes in shareholders equity 6 notes to the 7 and board directors oao we have audited accompanying a russian hereinafter related for year then ended these are responsibility s management our is express an opinion on based audit 2 except discussed paragraph conducted accordance international standards auditing issued by federation accountants those require that plan perform obtain reasonable assurance about whether free material misstatement
