In 2021, due to the shortage of sea vessels and containers, difficulties arose in the movement of goods from China to Europe. Part of the freight traffic switched to road transport, which led to an increase in the cost of transportation from Primorye to the European part of Russia. The results of 2021 will later show how much this situation could affect the situation in the industry in general, while the positive development trends were observed in the period 2011 – 2020.
Among these positive trends are: an increase in the size of net assets and revenue, a significant share of small businesses in the total revenue, a high level of competition, an increase in the return on investment.
The most significant negative trend is the growth of net losses over the past five years.
To analyze the activities of the sector in Globas, the Information Agency Credinform has selected the largest road freight transport companies with the highest annual revenue (TOP 1000), according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2015 – 2020).
The largest company in term of net assets is LLC GAZPROMNEFT - SNABZHENIE, INN 5501072608, Omsk region. In 2020, net assets value of the company almost reached 5,8 billion RUB.
The lowest net assets value among TOP 1000 belonged to LLC VSF LOGISTIC, INN 5009061039, Moscow region. The legal entity is declared insolvent (bankrupt) and bankruptcy proceedings are initiated on 06.03.2020. In 2020, insufficiency of property of the enterprise was indicated in negative value of -378 million RUB.
Covering the ten-year period, the average net assets values and their growth rate have a trend to increase (Picture 1).
Over the past five years, the share of companies with insufficient property had a positive trend to decrease (Picture 2).
In 2020, the revenue volume of ten largest companies was 22% of total TOP 1000 revenue (Picture 3). This is indicative of a relatively high level of competition in the sector.
Covering the ten-year period, there is a trend to increase in revenue and its growth rate (Picture 4).
Profit and loss
In 2020, the largest organization in term of profit was LLC WESTERN PETROLEUM TRANSPORTATION, INN 7705486752, Moscow. The company’s profit amounted to 1,1 billion RUB.
Covering the ten-year period, there is a trend to increase in industry average net profit and growth rate (Picture 5).
For the five-year period, the average net profit values have multidirectional trend to increase (Picture 6).
Key financial ratios
Covering the ten-year period, the average values of the current liquidity ratio were within the recommended one - from 1,0 to 2,0 with a trend to a slight decrease (Picture 7).
Covering the ten-year period, the average values of ROI ratio had a trend to increase (Picture 8).
Covering the ten-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
86% of companies of TOP 1000 are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. In 2020, their share in total revenue of TOP 1000 was 41%, twice higher than the average country values in 2018-2019 (Picture 10).
Main regions of activity
Companies of TOP 1000 are registered in 78 regions (89% of the RF subjects), and unequally located across the country. Almost 61% of TOP 1000 companies largest by total 2020 revenue are located in ten regions Russia (Picture 11).
Financial position score
Assessment of the financial position of TOP 1000 companies shows that the majority of them have average financial position (Picture 12).
Complex assessment of activity of largest road freight transport companies, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends in their activities in 2011 - 2020 (Table 1).
|Trends and evaluation factors||Relative share of factors, %|
|Dynamics of the average net assets value||10|
|Rate of growth (decrease) in the average size of net assets||10|
|Increase (decrease) in the share of enterprises with negative values of net assets||10|
|Level of competition / monopolization||10|
|Dynamics of the average revenue||10|
|Rate of growth (decrease) in the average size of revenue||10|
|Dynamics of the average profit (loss)||10|
|Rate of growth (decrease) in the average profit (loss)||10|
|Growth / decline in average values of companies’ net profit||10|
|Growth / decline in average values of companies’ net loss||-10|
|Increase / decrease in average values of total liquidity ratio||-5|
|Increase / decrease in average values of return on investment ratio||10|
|Increase / decrease in average values of asset turnover ratio, times||-10|
|Share of small and medium-sized businesses in terms of revenue being more than 20%||10|
|Financial position (the largest share)||5|
|Solvency index Globas (the largest share)||10|
|Average value of relative share of factors||5,3|
positive trend (factor), negative trend (factor)
In 2022 will come into force Federal laws adopted last year and concerning disclosure of data of international companies, usage of a single tax payment, system of public procurement, tourist activities.
The Federal Law No. 100-FZ dated 20.04.2021 made amendments to the Tax code of the Russian Federation. From the 1st of January 2022 international companies operating on the territory of Russia are obliged to disclose data on their shareholders, beneficial owners and managers including information on individuals or public companies directly or indirectly holding 5% or more in the international company.
From the 1st of July to the 31st of December 2022 legal entities and individual entrepreneurs will be able to use a single tax payment. According to the Federal Law No. 379-FZ dated 29.11.2021 , during this period it will be possible to use this special procedure for payment of taxes, dues and fees, insurance fees, penalties and fines by transferring a single tax payment to the Federal treasury account.
From the 1st of January 2022 the Federal Law No.360-FZ dated 02.07.2021 made significant amendments to the Federal Law No.223-FZ dated 18.07.2011 “On procurement of goods, works and services by certain types of legal entities” and the Federal Law No.44-FZ dated 05.04.2013 “On the system of public procurement contracts for goods, works and services for state and municipal needs”.
Federal Law No. 48-FZ dated 24.03.2021 amended the Federal Law "On the Fundamental Principles of Tourist Activities in the Russian Federation". According to the adopted amendments, the Unified Federal Register of Travel Agents and Subagents (the Register) will operate in Russia from the 1st of January 2022.
From the 1st of July 2022 the Federal Law No.64-FZ dated 05.04.2021 introduces the civil liability for non-compliance with the procedure for maintaining the Unified Federal Register of Travel Agents.