Information agency Credinform has prepared a ranking of food industry enterprises in Novosibirsk. Companies engaged in manufacture of food products and beverages (TOP-10) in terms of annual revenue were selected according to the data from the Statistical Register and the Federal Tax Service for the available periods (2018 - 2020). Then the companies were ranged by asset coverage ratio (Table 1). The selection and analysis of companies were based on the data from the Information and Analytical system Globas.

Asset coverage ratio (x) is calculated as the difference between equity and non-current assets to current assets.

The ratio characterizes the ability of a company to finance current activities only with its current assets. The recommended value of the ratio is > 0.1.

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. Net profit, revenue, asset coverage ratio, solvency index Globas of food industry enterprises in Novosibirsk (ТОP-10)

Name, INN, type of activity	Revenue, million RUB		Net profit (loss), million RUB		Asset coverage ratio (x)		Solvency index Globas
	2019	2020	2019	2020	2019	2020
1	2	3	4	5	6	7	8
AO KOMPANIYA PROKSIMA INN 5405143630 manufacture of condiments and seasonings	3 443	3 835	611,2	1 247,2	0,90	0,75	155 Superior
OOO PK KORMA INN 5403359641 manufacture of prepared farm animal feeds	2 212	2 424	201,2	181,8	0,65	0,74	273 Medium
NL KONTINENT CO LTD INN 5401305707 manufacture of other food products n.e.c.	2 475	3 574	336,1	670,0	0,09	0,36	222 Strong
OOO RRK-SIBIR INN 5407950904 processing and preserving of meat	3 013	2 512	58,0	45,1	0,29	0,16	293 Medium
OOO SPK INN 5405200166 processing and preserving of meat and production of meat products	13 476	12 916	335,3	362,5	0,34	0,03	205 Strong
NAO PTITSEFABRIKA OKTYABRSKAYA INN 5433128031 manufacture and preserving of poultry meat	3 123	3 245	2,5	10,5	0,03	0,02	176 High
OOO NOVOSIBIRSKII MELKOMBINAT #1 INN 2222849374 manufacture of mill and grain products	871	2 719	2,5	58,8	-0,22	-0,06	241 Strong
OOO PO TOPCHIKHINSKII MELKOMBINAT INN 5405495618 manufacture of mill and grain products	1 950	2 271	22,3	4,4	-0,13	-0,08	550 Insufficien
NAO MASLOKOMBINAT CHANOVSKII INN 5415100805 manufacture of dairy products	1 997	2 304	32,4	19,8	-0,24	-0,14	221 Strong
OOO NM INN 5405950881 manufacture of grain flour	2 609	2 818	79,1	80,6	-0,50	-0,19	224 Strong
Average value for TOP-10 companies	3 517	3 862	168,1	268,1	0,12	0,16
Average value for TOP-100 companies	725	790	27,8	39,4	0,03	0,10

improvement compared to prior period, decline compared to prior period

The average value of the asset coverage ratio of TOP-10 in 2020 is above the recommended one and the value for the previous period. In 2019 and 2020 four companies have the negative values. Four companies decreased their value in 2020, whereas in 2019 the decrease was recorded for three companies of TOP-10.

At the same time, in 2020 two companies decreased the revenue and four companies - the net profit. In average, the revenue in TOP-10 increased by 10%, in TOP-100 – by 9%. The profit in TOP-10 increased by 59%, in TOP-100 – by 42%.

In general, during last 5 years, the average industry values of the asset coverage ratio of TOP-10 were negative. The growth was observed during two periods (Picture 1). The best value was registered in 2017, the worst - in 2016.

Picture 1. Change in average industry values of asset coverage ratio of food industry enterprises in 2016 – 2020

From July 1, 2022 the Federal Law No.64-FZ dated 05.04.2021 introduced the civil liability for non-compliance with the procedure for maintaining the Unified Federal Register of Travel Agents (the Register).

The Register is regulated by the Federal Law No.48-FZ dated 24.03.2021. This was reported in our publication from 11.05.2021.

Among the violations are:

• non-inclusion by the tour operator (travel agent) of information about the travel agent (subagent), promoting and implementing the tourist product created by the tour operator;
• inclusion of data about the travel agent (subagent) with violation of the prescribed procedure;
• inclusion of false data about the travel agent (subagent);
• the implementation of travel agency activity by a person who is not in the Register or without such a right;
• promotion and sale of the tourist product by the travel agent in the absence of information on conclusion of the agreement between him and the tour operator in the Register;
• transfer by the travel agent of the tour operator's order on promotion and sale of the tourist product in case the travel agent does not have such a right;
• promotion and sale of the tourist product by the subagent in the absence of information on conclusion of an agreement between him and the tour operator .

The following administrative fines were established: for officials - from 10 to 30 thousand rubles, for legal entities - from 50 to 100 thousand rubles.

The data on 32 thousand currently operating Russian travel agencies is available in the Information and Analytical system Globas. Since January 1, 2020, more than 7700 travel agencies are in the process of liquidation or have ceased operations.

Currently, the All-Russian Voluntary General Register of Travel Agencies of the Russian Union of Travel Industry contains 17507 companies and the Unified Federal Register of Tour Operators of the Federal Agency for Tourism contains 4249 companies.