In our publication as of 27.05.2019 «Capital amnesty has been extended» it was informed that the third stage of «capital amnesty» was carried out.
Started from June 1, 2019 and until February 29, 2020 the citizens of Russia can declare foreign assets and accounts, get tax exemption on personal income and that one gained from controlled foreign companies, under the condition of legalization as tax residents of Russia. Relief from criminal liability is guaranteed by the amendments to the article 761 of the Criminal Code of the RF.
Addition to the note to the article 14.1 of the Administrative Offences Code of the RF (AOC) was made by the Federal Law as of July 18, 2019 №178-FL. According to the Law, persons that are applicants or those the information about can be found in special declarations filed on the third stage of «capital amnesty» are discharged from administrative liability.
It concerns declaration of actions or inactions related to:
- participation in controlled foreign organizations;
- conducting transactions with currency;
- crediting of monetary funds to accounts or investments.
During first and second phases of «capital amnesty» almost 19 thousand declarations were filed.
Information agency Credinform has observed trends in the activity of the largest companies of real sector of economy of Tula region.
Enterprises with the largest volume of annual revenue (TOP-1000), were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2013-2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The largest company of Tula region in terms of net assets is JSC QUADRA - POWER GENERATION. In 2017 net assets of the company amounted to 33,1 billion RUB.
The smallest amount of net assets among TOP-1000 has LLC BRAER BRICKYARD. Insufficiency of property of the company has negative value -1,3 billion RUB.
Over a five-year period average amount of net assets of the TOP-1000 group has got increasing tendency (Picture 1).
Shares of companies with insufficiency of property in the TOP-1000 has increasing tendency for the last five years (Picture 2).
The revenue of 10 leaders of the industry made 44% of the total revenue of TOP-1000 companies in 2017(Picture 3). It demonstrates high level of productive concentration in Tula region.
In general, an increasing tendency in volume revenue is observed (Picture 4).
Profit and losses
The largest company of Tula region in terms of net profit is NOVOMOSKOVSK JOINT STOCK COMPANY AZOT. For 2017 profit of the company amounted to 10,7 billion RUB.
In general, increasing trend in average amount of profit in TOP-1000 has been observed for five years (Picture 5).
Over a five-year period, the average values of profit indicators of TOP-1000 companies tend to increase. Besides, the average value of net loss increases (Picture 6).
Key financial ratios
Over the five-year period the average indicators of the total liquidity ratio were above the range of recommended values – from 1,0 up to 2,0 with increasing tendency (Picture 7).
In general, high level of average values of the indicators of the return on investment ratio with increasing tendency has been observed for five years. (Picture 8)
This business activity ratio showed a tendency to decrease for five-year period (Picture 9).
80% of TOP-1000 are registered in the Register of small and medium enterprises of the Tax Service of the RF. Besides, share of revenue in the total revenue of TOP-1000 companies amounts to 16,9%, that is lower than the average indicator for the country (Picture 10).
Main regions of activity
TOP-1000 companies are registered in 26 districts and settlements of the region and unequally distributed along the territory of the region. More than 79% of the largest companies in terms of revenue volume are concentrated in regional center – Tula, Novomoskovskiy and Efremovskiy districts (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that the largest number is in a stable financial position and above the average (Picture 12).
Industrial production index
According to the Federal State Statistics Service, in Tula region during 12 months of 2018 - 2019 no clear trend of indicators for industrial production index has been observed (Picture 14). Besides, average indicator of the index from month to month amounted to 101,5%, and for 5 months of 2019 – 89,4%.
According to the same data, share of Tula region companies in the total revenue volume from sale of goods, products, works, services for the country in 2018 amounted to 0,626%, for the 1st quarter of 2019 – 0,593%, that is lower than the indicator for the 1st quarter of 2018, amounted to 0,606%.
Comprehensive assessment of the activity of largest companies of real sector of economy of Tula region, taking into account the main indexes, financial indicators and ratios, demonstrates the presence of negative trends (Table 1).
|Trends and assessment factors for TOP-1000||Share of factor, %|
|Rate of increase (decrease) of average amount of net assets||10|
|Increase / decrease of share of companies with negative values of net assets||-10|
|Level of capital concentration||-10|
|Increase (decrease) rate of average revenue amount||10|
|Increase (decrease) rate of average net profit (loss) amount||10|
|Increase / decrease of average net profit amount of TOP-1000 companies||10|
|Increase / decrease of average net loss amount of TOP-1000 companies||-10|
|Increase / decrease of average industrial values of the current liquidity ratio||5|
|Increase / decrease of average industrial values of the return on investments ratio||-10|
|Increase / decrease of average industrial values of the assets turnover ratio, times||-10|
|Share of small and medium enterprises in the industry in terms of revenue volume more than 22%||-10|
|Financial position (major share)||10|
|Solvency index Globas (major share)||10|
|Industrial production index||-5|
|Dynamics of share of companies in the total volume of revenue from sale of goods, products, works, services for the country||-5|
|Average value of factors||0,9|
positive trend (factor), negative trend (factor).