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Information agency Credinform has prepared a review of activity trends of the largest companies of real economy sector in Omsk region.
The largest companies of Omsk region (ТОP-1000) in terms of annual revenue were selected according to the data from the Statistical Register for the latest available periods (2012 - 2017). The analysis was based on data of the Information and Analytical system Globas.
Net assets is a ratio reflecting the real value of company's property. It is calculated annually as the difference between assets on the enterprise balance and its debt obligations. The ratio is considered negative (insufficiency of property), if company’s debt exceeds the value of its property.
The largest company in terms of net assets is NAO TRANSNEFT-ZAPADNAYA SIBIR INN 5502020634. In 2017, net assets of the company amounted to 132 billion RUB. The smallest size of net assets in TOP-1000 had LLC APTECHNAYA SET INN 5505212084. The lack of property of the company was expressed in negative terms - 4,6 million RUB.
For the last five years, the average values of TOP-1000 net assets showed the growing tendency (Picture 1).
Picture 1. Change in average net assets value of ТОP-1000 companies in 2013 – 2017 For the last five years, the share of ТОP-1000 enterprises with lack of property is growing (Picture 2).
Picture 2. The share of enterprises with negative net assets value in ТОP-1000Sales revenue
In 2017, the total revenue of 10 largest companies amounted to 33% from ТОP-1000 total revenue (Picture 3). This fact testifies relatively low level of industrial concentration in Omsk region.
Picture 3. Shares of TOP-10 in TOP-1000 total revenue for 2017In general, the growing trend in sales revenue is observed (Picture 4).
Picture 4. Change in average revenue of TOP-1000 in 2013 – 2017Profit and loss
The largest company in terms of net profit is JSC GAZPROMNEFT - OMSK REFINERY INN 5501041254. In 2017 the company’s profit amounted to 7,4 billion RUB.
For the last five years, the average profit values of TOP-1000 show the growing tendency (Picture 5).
Picture 5. Change in average profit of TOP-1000 in 2013 – 2017Over a five-year period, the average net profit values of ТОP-1000 show the growing tendency, along with this the average net loss is decreasing (Picture 6).
Picture 6. Change in average net profit/loss of ТОP-1000 companies in 2013 – 2017Main financial ratios
For the last five years, the average values of the current liquidity ratio were higher than the recommended values - from 1,0 to 2,0, with growing tendency (Picture 7).
The 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 7. Change in average values of current liquidity ratio of TOP-1000 companies in 2013 – 2017For the last five years, the high level of the average values of ROI ratio with growing tendency is observed (Picture 8).
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 8. Change in average values of ROI ratio in 2013 – 2017Assets 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 last five years, this business activity ratio demonstrated the downward trend (Picture 9).
Picture 9. Change in average values of assets turnover ratio of TOP-1000 companies in 2013 – 2017Small businesses
79% of ТОP-1000 companies are registered in the Unified register of small and medium-sized enterprises of the Russian Federal Tax Service. Herein, their share in TOP-1000 total revenue amounted to 28% that is higher than the national average value (Picture 10).
Picture 10. Shares of small and medium-sized enterprises in ТОP-1000Main regions of activity
ТОP-1000 companies are unequally located across the country and registered in 33 regions of Russia. Almost 90% of the largest enterprises in terms of revenue are located in Omsk and Omsk region (Picture 11).
Picture 11. Distribution of TOP-1000 revenue by the districts of Omsk regionFinancial position score
An assessment of the financial position of TOP-1000 companies shows that more than a half of them have stable or above average financial position (Picture 12).
Picture 12. Distribution of TOP-1000 companies by financial position scoreSolvency index Globas
Most of TOP-1000 companies got 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 13).
Picture 13. Distribution of TOP-1000 companies by Solvency index GlobasIndustrial production index
According to the Federal Service of State Statistics, there is an increasing trend in the industrial production index in Omsk region during 12 months of 2018 (Picture 14). Herewith the average index from month to month amounted to 100,5%.
Picture 14. Industrial production index in Omsk region in 2018, month by month (%)According to the same data, the share of enterprises of Omsk region in the amount of revenue from the sale of goods, works, services made 0,37% countrywide in 2018.
Conclusion
A complex assessment of activity of the largest companies of Omsk region real economy, taking into account the main indexes, financial ratios and indicators, demonstrates the presence of negative trends (Table 1).
| Trends and assessment factors | Relative share, % |
| Growth/drawdown rate of average net assets value |  10 |
| Increase / decrease in the share of enterprises with negative net assets |  -10 |
| The level of capital concentration | 5 |
| Growth/drawdown rate of average revenue | 10 |
| Growth/drawdown rate of average net profit (loss) | 10 |
| Increase / decrease in average net profit of companies | 10 |
| Increase / decrease in average net loss of companies | 10 |
| Increase / decrease in average values of current liquidity ratio | 5 |
| Increase / decrease in average values of ROI ratio | 10 |
| Increase / decrease in average values of assets turnover ratio, times | -10 |
| Share of small and medium-sized businesses by revenue more than 22% | 10 |
| Regional concentration | -10 |
| Financial position (the largest share) | 10 |
| Solvency index Globas (the largest share) | 10 |
| Industrial production index | 10 |
| Average value of factors | 5,3 |
— favorable trend (factor) , — оunfavorable trend (factor).
Information agency Credinform represents a ranking of the Russian and foreign football clubs by total volume of assets. Using the Information and Analytical System Globas, the experts of the Agency selected Top-5 of the Russian and Top-5 of foreign teams with the largest amount of assets. For the overall valuation of the club’s assets, market value of its players was taken into account.
| Rank | Name | Balance sheet assets, billion RUB | Market value of players, billion RUB | Overall evaluation of assets, billion RUB | The most valuable player, billion RUB |
| 1 | FC Zenit Saint Petersburg |
16,45 | 12,09 | 28,54 | Wilmar Barrios (1,09 billion RUB) |
| 2 | PFC CSKA Moscow |
17,27 | 9,84 | 27,11 | Mario Fernandes (1,89 billion RUB) |
| 3 | FC Krasnodar Krasnodar |
6,31 | 7,19 | 13,49 | Viktor Claesson (1,02 billion RUB) |
| 4 | FC Spartak M Moscow |
5,59 | 7,67 | 13,27 | Roman Zobnin (0,94 billion RUB) |
| 5 | FC Dinamo M Moscow |
5,93 | 2,40 | 8,33 | Konstantin Raush (0,22 billion RUB) |
Source: Information and Analytical System Globas by Credinform; data from Transfermarkt. Players’ value transferred to roubles at the rate of euro on April 23, 2019.
FC Zenit, the team from Saint Petersburg, has the most valuable composition in the Russian Premier League (RPL)1. According to Transfermarkt, the German portal dedicated to football transfers, the market value of the players of the club is estimated at more than 12 billion RUB. Coupled with a significant level of balance sheet assets (16,45 billion RUB), this makes the team a leader in the ranking. The Colombian footballer Wilmar Barrios, who signed a contract with the club in February 2019, was recognized the most valuable player of the club, and cost 1,09 billion RUB in the transfer market.
The second is PFC CSKA from Moscow - one of the oldest and most titled clubs in the post-Soviet history of Russian football. The value of the balance sheet assets of the club is higher than that of the other Russian clubs (17,27 billion RUB), and the Brazilian player Mario Fernandes is recognized as the most valuable player not only of the club, but also of the entire RPL. In 2016, the footballer received Russian citizenship, which allowed him to participate in the Russian team at the triumphant World Championships. Thanks to the successful game for the national team, the transfer value of Mario Fernandez today is 1,89 billion RUB.
The total balance sheet assets of other clubs included in the ranking - FC Krasnodar, FC Spartak M and FC Dynamo M - are almost equal to the level of assets of PFC CSKA.
It is noteworthy that only one of the Top-5 Russian clubs is in private ownership. FC Krasnodar belongs to the Russian billionaire Sergei Galitsky, the former founder and co-owner of the largest retail network of JSC Magnit.
The ultimate owners of Zenit and Dynamo are government agencies. The team from Saint Petersburg is controlled by the Russian government through JSC Gazprom , and the Moscow club is controlled by the security forces of Russia.
The key owner of Spartak is the investment company JSC Capital .
Through the British company Bluecastle Enterprises LTD, PFC CSKA owners originated on offshore Marshall Islands.
Three representatives of England and two representatives of Spain are included in the ranking of the world football top clubs by assets. It should come as no surprise, because England is the birthplace of football, and football in Spain is the second religion.
| Rank | Name | Balance sheet assets, billion RUB | Market value of players, billion RUB | Overall evaluation of assets, billion RUB | The most valuable player, billion RUB |
| 1 | Manchester City England, Manchester |
86,42 | 82,84 | 169,26 | Kevin De Bruyne (10,9 billion RUB) |
| 2 | Manchester United England, Manchester |
106,11 | 57,85 | 163,96 | Paul Pogba (6,54 billion RUB) |
| 3 | Barcelona Spain, Barcelona |
74,36 | 85,75 | 160,11 | Lionel Messi (11,63 billion RUB) |
| 4 | Real Madrid Spain, Madrid |
79,69 | 70,15 | 149,84 | Toni Kroos (5,81 billion RUB) |
| 5 | Arsenal England, London |
84,59 | 45,46 | 130,05 | Pierre-Emerick Aubameyang(5,45 billion RUB) |
Source: Orbis database by Bureau van Dijk; data from Transfermarkt. Players’ value transferred to roubles at the rate of euro on April 23, 2019.
The most valuable world top club is the English professional football team Manchester City. The total assets of the club, taking into account the value of its players, amounted to 169,26 billion RUB, which is almost six times higher than that of the Russian leader, FC Zenit.
Manchester United - one of the most successful English clubs by the number of titles won in the entire history - is the second in the ranking only due to the lower cost of its players. The total assets valuation of the team is close to 164 billion RUB.
The cost of the most valuable player of the represented foreign top clubs is 11,63 billion RUB. Due to the sporting achievements, the world star and FC Barcelona striker Argentine Lionel Messi is rightfully included in the list of the most valuable players in the world.
It is noteworthy that outstanding financial performance is not a guarantee of a successful team performance. Being the first in the ranking, Manchester City never in its history qualified for the Champions League2final. Clear leaders, Barcelona and Real Madrid, are at the 3rd and 4th places. Two of these Spanish grandees have 6 victories in the last 6 years of the “Old World Tournament”.
Real Madrid from Spain is the record holder in the number of Champions League titles won - 13, and has a unique achievement for modern football - 3 victories in a row in the most prestigious football tournament in Europe. However, transfer of the starring Portuguese Cristiano Ronaldo to Italian Juventus for 8,72 billion RUB, along with the indistinct performance of the team in all tournaments of the season 2018/2019, has led to a decrease in the market value of the players, dropping the Spaniards to the 4th place in the world Top Clubs.
The results of the ranking show that football is still a team sport, in which mutual understanding and teamwork are valued. Money is not the only thing to become a winner - it is important to behave as a single, cohesive mechanism, work hard, train and be more than just a team.
1 Russian Premier League, RPL is the top division professional association football league in Russia.
2 Champions League is the most prestigious European tournament among European club football teams. Also known as the “Old World Tournament”.