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Information Agency Credinform has prepared the review of trends in activity of the largest companies of the real economy sector of Leningrad region.
The largest enterprises (TOP-10 and TOP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2014 – 2016). The analysis was based on data of the Information and Analytical system Globas.
Net assets
Indicator of real cost of corporate assets, which is annually calculated as the difference between assets of the company and its debt liabilities. If the company’s debts exceed net worth value, net assets indicator is considered negative (insufficiency of property).
| Position in ТОP-1000 | Name, activity | Net asset value, bln RUB* | Solvency index Globas | ||
| 2014 | 2015 | 2016 | |||
| 1 | 2 | 3 | 4 | 5 | 6 |
| 1. | LLC KINEF Manufacture of refined petroleum products |
18,4 | 7,5 | 41,0 | 253 Medium |
| 2. | TRANSNEFT-PORT PRIMORSK, LTD Other cargo handling |
19,9 | 23,6 | 26,1 | 184 High |
| 3. | NAO PHILIP MORRIS IZHORA Manufacture of tobacco products |
19,4 | 23,0 | 25,8 | 173 Superior |
| 4. | NOKIAN SHINA LTD Sale of motor vehicle parts and accessories |
13,7 | 21,7 | 23,3 | 148 Superior |
| 5. | LLC NOVATEK-UST'-LUGA Manufacture of refined petroleum products |
20,3 | 33,7 | 23,2 | 193 High |
| 996. | LLC STROILES-2 Logging In process of reorganization in the form of accession |
-1,5 | -1,8 | -1,4 | 600 Insufficient |
| 997. | PAO LENINGRAD SHIPYARD PELLA Building of ships and floating structures |
0,4 | -0,9 | -1,5 | 275 Medium |
| 998. | YURA CORPORATION RUS LLC Manufacture of other electrical equipment |
-1,1 | -2,3 | -2,0 | 290 Medium |
| 999. | LLC MLP-KAD Renting and operating of own or leased untenanted real estate |
-4,6 | -6,5 | -5,1 | 264 Medium |
| 1000. | LLC EUROPEAN SULFUR TERMINAL Other cargo handling |
-8,9 | -10,8 | -7,2 | 257 Medium |
*) – growth/decline indicators in comparison with prior period are marked green and red in columns 4 and 5 respectively.
Picture 1. Change in average net assets value of the largest companies of the real economy sector of Leningrad region in 2014 – 2016Sales revenue
In 2016 total revenue of 10 largest companies amounted to 33% from TOP-1000 total revenue (Picture 2).
Picture 2. Shares of TOP-10 companies in TOP-1000 total revenue for 2016The increase in sales revenue is observed (Picture 3).
Picture 3. Change in average revenue of the largest companies of the real economy sector of Leningrad region in 2014 – 2016Profit and loss
In 2016, profit of 10 largest companies amounted to 56% from TOP-1000 total profit (Picture 4).
Picture 4. Shares of TOP-10 companies in TOP-1000 total profit for 2016For the three-year period, the average revenue values of TOP-1000 companies show the growing tendency and the average net loss decreases (Picture 5).
Picture 5. Change in average profit/loss of the largest companies of the real economy sector of Leningrad region in 2014 – 2016Main financial ratios
For 2014 – 2016 period the average values of current liquidity ratio of TOP-1000 were higher than recommended values – from 1,0 to 2,0 (Picture 6).
Current liquidity ratio (ratio of total working capital to short-term liabilities) shows the sufficiency of company’s assets to meet short-term obligations.
Picture 6. Change in average values of current liquidity ratio of the largest companies of the real economy sector of Leningrad region in 2014 – 2016For the three-year period, the instability of ROI ratio with increasing tendency is observed (Picture 7). The ROI ratio is calculated as a ratio of net profit to sum of stockholder equity and long-term liabilities and shows the return from equity involved in commercial activities and long-term borrowed funds.
Picture 7. Change in average values of ROI ratio of the largest companies of the real economy sector of Leningrad region in 2014 – 2016Assets turnover ratio is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.
For the three-year period, this business activity ratio demonstrated the upward trend (Picture 8).
Picture 8. Change in average values of assets turnover ratio of the largest companies of the real economy sector of Leningrad region in 2014 – 2016Production and services structure
The largest share in TOP-1000 total revenue take companies engaged in wholesale trade and production of petroleum products (Picture 9).
Picture 9. Distribution of activities in TOP-1000 total revenue, %Financial position score
The assessment of TOP-1000 financial position shows that more than a half of companies have stable or above average financial position (Picture 10).
Pictiure 10. Distribution of TOP-1000 companies by financial position scoreSolvency index Globas
The majority of TOP-1000 companies have superior/high or strong/medium solvency index Globas, this fact shows the ability of the companies to meet their obligations in time and fully (Picture 11).
Picture 11. Distribution of TOP-1000 companies by solvency index GlobasHereby, the complex assessment of the largest real economy companies of Leningrad region, taking into account main indexes, financial ratios and indicators, demonstrates the denomination of favorable trends.
The Federal Law №132-FZ from 01.07.2017 has amended the relevant legislation of Russia, defined by the requirement to post information on the use of penalties in the form of dismissal in connection with the loss of trust for the commission of corruption offenses in the Federal State Information System in the field of public service (Unified System). The changes have come into effect on January 1, 2018.
The rules for maintenance of such register in the Unified System and its online publishing is prescribed by the Order of the Government of Russia №228 «About the register of persons dismissed in connection with loss of trust» from 05.03.2018, approved in accordance with Article 15 of the Federal Law №273-FZ "About Anti-corruption" from 25.12.2008 (in the version of the Federal Law №423-FZ of December 28, 2017).
The Order has approved the Regulation, defining following procedures:
- entry into the register (or exclusion) of information on civil servants, who have been dismissed or relieved from office due to the loss of trust for corruption offenses;
- publication of this register on the official website of the Unified System in the Internet.
The maintenance of the register and publication of information on the Internet is entrusted to the Civil Service and Personnel Department of the Government of Russia. Information intended for entry into the register will be sent by the relevant personnel departments of state authorities and local self-governing bodies.
The register will include the following data on civil servants:
- surname, name and patronymic, date of birth;
- taxpayer identification number (INN);
- insurance individual account number (SNILS) – if available;
- passport data (requisites of its equivalent identity documents);
- name of an organization, where a civil servant held the service, and his/her position;
- date and number (requisites) of relevant acts on penalties in the form of dismissal or relief from duty;
- information on the committed corruption offenses;
- references to provisions of regulatory legal acts, whose requirements have been violated.
Changes to the register are made within 10 working days after data submission.
The register will be placed as open data on the official website of the Unified System in the form of an alphabetical list in PDF format.