In our publication dated May 15, 2017 it was reported that the Federal Tax Service of the RF is authorized to keep the Unified state register of acts of civil status.

The Unified state register of acts of civil status (EGR ZAGS) was established for execution of the Decree of the President of the RF from January 15, 2016 №13 and began operations since October 1, 2018. The Unified register was based on software developed by the FTS of the RF. State registration of all acts of civil status as well as amendments to existing entries and arrangements for exit of duplicates are performed in the Register.

Among benefits of such centralized storage system:

• on-line access for previously drawn up acts regardless of their location;
• possibility to check verification or uniqueness of the entered data;
• uniqueness of the numbers of incoming and outgoing documents;
• prospective new Internet services for citizens (e.g. representation of data from records of acts about themselves and under aged children on personal account);
• possible prospect of using data from the ZAGS register as main source of forming public register;
• cooperation of the ZAGS authorities from different regions of Russia only in electronic form;
• data representation to authorized bodies by automated method in electronic form.

All new records, created after October 1, 2018, have been already entered to the Unified state register. Records of documents created earlier, will be successively entered to the Register till 2021.

According to the data from the FTS RF, currently in Russia there are 5096 authorities providing state registration of acts of civil status, that have registered 2590 thousands acts for 6 months of 2018.

Information Agency Credinform presents a review of activity trends of the largest bus transportation companies. Passenger transportation companies with the largest annual revenue (TOP-10 and TOP-1000) have been selected for the analysis, according to the data from the Statistical Register for the latest available accounting periods (2015 — 2017). The analysis was based on the data from the Information and Analytical system Globas .

Net assets indicate fair value of corporate assets that is calculated annually as assets on balance less company’s liabilities. Net assets value is negative (insufficiency of property) if liabilities are larger than the property value.

Table 1. Top bus transportation companies with the largest and the smallest net assets in 2015 – 2017

№	Name, INN, region	Net assets value, million RUB			Solvency index Globas
		2015	2016	2017
1	2	3	4	5	6
1	State unitary enterprise of Moscow region MOSTRANSAVTO INN 5000000017 Moscow region	20913,2	21399.6	19511,9	258 Medium
2	State unitary enterprise of Saint Petersburg PASSAZHIRAVTOTRANS INN 7830001758 Saint Petersburg	5684,9	8924,4	12113,0	202 Strong
3	Municipal transportation company ROSTOVPASSAZHIRTRANS INN 6163050739 Rostov region	503,6	365,4	1355,4	276 Medium
4	Municipal unitary enterprise Transportation Company of Municipal district of Yuzhno-Sakhalinsk INN 6501238799 Sakhalin region	117,7	1348,2	1194,9	299 Medium
5	JSC Third Park INN 7814010096 Saint Petersburg	527,8	585,5	602,4	210 Strong
996	Municipal enterprise SAMARA PASSAZHIRAVTOTRANS INN 6318163505 Samara region	405,9	131,9	-169,5	322 Adequate
997	Municipal enterprise Khabarovsk Passenger Road transportation enterprise No. 1 INN 2724018687 Khabarovsk territory Process of being wound up, since 18.08.2016	7,2	-119,9	-248,4	600 Insufficient
998	Municipal enterprise Passenger Transportation of Penza INN 5834030883 Penza region Process of being wound up, since 31.10.2014	-447,9	-481,3	-471,3	600 Insufficient
999	Municipal enterprise Chelyabinsk Bus Transport INN 7453222396 Chelyabinsk region Process of being wound up since 05.12.2016, signs of premeditated bankruptcy are detected	40,7	-164,8	-621,1	600 Insufficient
1000	Municipal enterprise of Nizhnii Novgorod Nizhegorodskii Passenger Road Transport INN 5260000192 Nizhnii Novgorod region	-393,2	-573,3	-710,1	291 Medium

— growth compared to prior period, — decline compared to prior period.

Average net assets of TOP-1000 companies tended to increase during the last decade (Picture 1).

Picture 1. Change in average net assets of bus transportation companies in 2008 — 2017

The share of TOP-1000 companies with insufficiency of property is significant and tends to increase within the last 3 years (Picture 2).

Picture 2. Share of TOP-1000 companies with negative value of net assets in 2015-2017

Sales revenue
In 2017 sales revenue of 10 leaders amounted to 53% of total revenue of TOP-1000 companies (Picture 3). This is an indicator of a high level of monopolization within the industry.

Picture 3. TOP-10 companies by their share in 2017 total revenue of TOP-1000 companies

In general, revenue tends to increase during the decade (Picture 4).

Picture 4. Change in average revenue of bus transportation companies in 2008 — 2017

Profit and loss
In 2017 profit of 10 industry leaders amounted to 25% of total profit of TOP-1000 companies (Picture 5).

Picture 5. TOP-10 companies by their share in 2017 total profit"

Average net profit has mostly negative values, with a trend of the loss to increase (Picture 6).

Picture 6. Change in average net profit (loss) of bus transportation companies in 2008 — 2017

Average net profit values of TOP-1000 companies within the last 3 years tend to increase slightly, and the average loss value decreases (Picture 6).

Picture 7. Change in average net profit and loss of TOP-1000 companies in 2015 — 2017

Key financial ratios
During the last decade average values of total liquidity ratio were below the recommended value — from 1,0 to 2,0, tending to decrease (Picture 8).

Total liquidity ratio (a ratio of current assets to current liabilities) reveals the sufficiency of a company’s funds for meeting its short-term liabilities.

Picture 8. Change in average values of total liquidity ratio of bus transportation companies in 2008 — 2017

During the last decade, average values of return on investment ratio were in the negative area and tended to decrease (Picture 9).

It is a ratio of net profit to total equity and noncurrent liabilities, and it demonstrates benefit from equity engaged in business activity and long-term raised funds of the company.

Picture 9. Change in average values of return on investment ratio of bus transportation companies in 2008 — 2017

Assets turnover ratio is a ratio of sales revenue to average total assets for the period, and it measures resource efficiency regardless of the sources. The ratio indicates the number of profit-bearing complete production and distribution cycles per annum.

During the last decade, this activity ratio tended to decrease (Picture 10).

Picture 10. Change in average values of assets turnover ratio of bus transportation companies in 2008 — 2017

Structure of services
City and suburban passenger transportation companies have the largest share within the revenue of TOP-1000 (Picture 11).

Picture 11. Types of activity by their share in total revenue of TOP-1000 companies

74% of TOP-1000 companies are included in the register of small and medium-sized businesses of the Federal Tax Service of the Russian Federation. In general, their share in total revenue of TOP-1000 in 2017 amounted to 22% (Picture 12).

Picture 12. Shares of small and medium-sized enterprises in TOP-1000 companies' revenue, %

Key regions of activity
TOP-1000 companies are unevenly located throughout Russian territory, and are registered in 79 regions. Companies with the largest revenue are concentrated in the Moscow region and in Saint Petersburg (Picture 13).

Picture 13. Revenue of TOP-1000 companies by Russian regions

Financial position score
Assessment of financial state of TOP-1000 companies indicates that over a half of the companies have an average financial standing (Picture 14).

Picture 14. TOP-1000 companies by their financial position score

Solvency index Globas
The majority of TOP-1000 companies have got a superior, high, strong or medium Solvency index Globas, that indicates their capability to meet liabilities timely and in full (Picture 15).

Picture 15. TOP-1000 companies by Solvency index Globas

Conclusion
A comprehensive assessment of the largest bus transportation companies, that considers key indexes, financial figures and ratios, is indicative of predominance of negative trends within the sector (Table 2).

Table 2. Positive and negative trends, industry assessment factors

Trends and assessment factors	Relative share of the factor, %
Rate of growth (decline) of average industry net assets	10
Increase/ Decrease of share of companies with negative net assets	-10
Rate of growth (decline) of average industry revenue	10
Level of competition / monopolization	-10
Rate of growth (decline) of average industry net profit (loss)	-10
Increase/ Decrease of average industry net profit of TOP-1000 companies	10
Increase/ Decrease of average industry net loss of TOP-1000 companies	10
Increase/ Decrease of average industry total liquidity ratio	-10
Increase/ Decrease of average industry return on investment ratio	-10
Increase/ Decrease of average industry assets turnover ratio, times	-10
Share of small and medium-sized business within the industry by revenue over 30%	-10
Regional concentration	-10
Financial standing (majority share)	5
Solvency index Glogas (majority share)	10
Average factors' value	-2

— positive trend (factor), — negative trend (factor).