In accordance with the article 2 of the Federal law as of 12.01.1996 №7-FL, non-profit enterprises are not created to make profit. This fact gives no opportunity to use the profitability criterion as an essential for evaluation of activity of an enterprise.

The analysis of the total expenditure is another way, which allows evaluating the ranges of an enterprise’s activity and effectiveness of its work in comparison to profit.

Information agency Credinform represents a ranking of non-profit enterprises in Russia. The enterprises (TOP-10 and TOP-1000) with the largest total expenditure were selected for the ranking, according to the data from the Statistical Register and Federal Tax Service for the latest available accounting periods (2017 – 2019). Then they were compared to the net profit (loss) values (Table 1). The selection and analysis were based on the data from the Information and Analytical system Globas.

In order to get the most comprehensive and fair picture of the financial standing of an enterprise, it is necessary to pay attention to all the combination of financial indicators and company’s ratios.

Table 1. Total expenditure, net profit (loss), solvency index Globas of the TOP-10 non-profit enterprises

Name, INN, region, type of activity	Total expenditure, million RUB			Net profit (loss), million RUB			Solvency index Globas
	2017	2018	2019	2017	2018	2019
1	2	3	4	5	6	7	8
The Roscongress Foundation INN 7706412930 Moscow, organisation of conventions and trade shows	9 772,9	6 371,4	11 829,6	573,0	352,7	661,4	196 High
SPSnabK SPSSPK EKOPTITSA INN 4813014007 Lipetsk region, manufacture and preserving of poultry meat	5 656,8	7 041,4	8 076,3	23,8	124,5	-9,2	281 Medium
ANO KIT KI INN 7734266656 Moscow, research and experimental development on social sciences and humanities	1 082,9	5 688,8	4 478,3	11,6	2,9	19,8	271 Medium
POLICLINIC OF OAO GAZPROM INN 7728159705 Moscow, general medical practice activities	3 620,3	3 866,9	4 106,2	-270,3	-331,4	-446,0	248 Strong
MOSCOW UNIVERSITY FOR INDUSTRY AND FINANCE SYNERGY INN 7729152149 Moscow, higher education	2 727,9	3 481,3	4 039,1	41,2	33,3	43,2	248 Strong
MOSCOW SCHOOL OF MANAGEMENT SKOLKOVO INN 5032180980 Moscow region, higher education	2 484,6	2 951,7	3 803,1	-15,4	-129,2	-446,0	296 Medium
ANO SBERBANK UNIVERSITY INN 7736128605 Moscow, other professional education	3 698,3	3 462,2	3 561,2	68,9	20,8	34,4	249 Strong
PO STUPINSKOE RAIPO INN 5045018663 Moscow region, retail sale in non-specialised stores with food, beverages or tobacco predominating	3 772,2	3 577,8	3 363,8	-15,4	70,1	-43,1	304 Adequate
ChU NEFROSOVET INN 7730184402 Moscow, human health activities	2 488,7	2 684,0	2 648,1	5,2	-116,2	7,0	280 Medium
ChU CHUZ KB RZHD-MEDITSINA G. CHELYABINSK INN 7451207988 Chelyabinsk region, hospital activities	1 803,2	2 037,8	2 519,7	39,0	93,5	27,7	218 Strong
Average value for TOP-10	3 710,8	4 116,3	4 842,5	61,6	12,1	17,5

improvement compared to prior period, decline compared to prior period

Seven enterprises increased their total expenditure in 2019 comparing to the prior period. Four enterprises showed losses in 2019.

Picture 1. Total expenditure and net profit (loss) of TOP-10 non-profit enterprises

During 6 years, the average industry values of the total expenditure had a trend to increase (Picture 2).

Picture 2. Change of average values of total expenditure of TOP-10 non-profit enterprises in 2014 – 2019

Information agency Credinform has prepared a ranking of Russian household appliances wholesalers. The largest enterprises (TOP-10 and TOP-100) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2017-2019). Then the companies were ranged by return on assets ratio (Table 1). The company selection and analysis were based on the data from the Information and Analytical system Globas.

Return on assets (%) is calculated as the relation of the sum of net profit and interest payable to the total assets value of a company and shows how many monetary units of net profit are earned by every unit of total assets.

The ratio characterizes the effectiveness of using by the company of its resources. The higher is the ratio value, the more effective is business, that is the higher the return per every monetary unit invested in assets.

However, it is necessary to take into account that the book value of assets may not correspond to their current market value. For example, under the influence of inflation, the book value of fixed assets will increasingly be underestimated in time, that will lead to an overestimation of the return on assets. Thus, it is necessary to take into account not only the structure, but also the age of the assets.

It should be also taken into account the dynamics of this indicator. Its consistent decline indicates a drop in asset utilization.

The calculation of practical values of financial indicators, which might be considered as normal for a certain industry, has been developed and implemented in the Information and Analytical system Globas by the experts of Information Agency Credinform, taking into account the actual situation of the economy as a whole and the industries. In 2019 the average industry practical value of return on assets ratio for the household appliances wholesalers was from 0 to 11,11 %%.

For the most full and fair opinion about the company’s financial position the whole set of financial indicators and ratios should be taken into account.

Table 1. Net profit, revenue, return on assets, solvency index Globas of home appliance wholesalers (ТОP-10)

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Return on assets,%		Solvency index Globas
	2018	2019	2018	2019	2018	2019
1	2	3	4	5	6	7	8
LLC ELECTROLUX RUS INN 7804159731 Moscow	13 115	14 999	1 452	1 591	25,19	22,72	218 Strong
LLC PHILIPS INN 7704216778 Moscow	27 182	34 767	1 267	861	13,76	9,42	258 Medium
LLC WHIRLPOOL RUS INN 7717654289 Moscow	27 354	28 690	1 269	517	8,17	4,03	246 Strong
LLC TRADE HOUSE ABSOLUT INN 7726600963 Moscow	16 998	22 139	-183	298	-1,88	3,30	260 Medium
LLC KHASKEL INN 7719269331 Moscow region	132 485	169 047	2 394	1 556	6,70	2,81	195 High
LLC TFN INN 7727696432 Moscow	14 942	17 244	285	186	4,24	2,33	233 Strong
JSC SONY ELECTRONICS INN 7703001265 Moscow	37 394	30 475	286	182	2,34	1,67	228 Strong
LLC ELEKTROSISTEM INN 7704844420 Tver region	46 165	45 552	615	161	4,53	1,25	304 Adequate
LLC DISRTIBUTION CENTRE INN 5047067909 Moscow region	18 747	14 457	58	53	0,92	1,10	251 Medium
LLC RBT Company INN 7452030451 Chelyabinsk region	16 546	17 150	70	32	1,03	0,45	214 Strong
Average value for TOP-10 companies	35 093	39 452	751	544	6,50	4,91
Average value for TOP-1000 companies	1 038	1 034	25	20	8,83	8,18
Average industry value	120	157	-1	5	-2,39	5,92

growth of indicator in comparison with prior period, decline of indicator in comparison with prior period

The return on assets value of all TOP-10 companies is in the range of average industry practical value.

The average value of return on assets for TOP-10 companies is lower than TOP-1000 and average industry value: in 2019, three companies improved the results. At the same time, only one company showed the decrease in revenue and two companies demonstrated the increase in net profit.

In general, during the last 10 years, the average industry indicators of return on assets ratio were within the practical value. (Picture 1). The companies showed sufficient efficiency in use of their resources, with exception of 2018.

Picture 1. Change in average industry values of return on assets of household appliances wholesalers in 2010 – 2019