Article
Federal Law «On trade secret» was amended

Federal Law № 86-FZ dated 18.04.2018 amended Article 5 of the Federal Law «On trade secret», eliminating the legal divergence of concepts «salary» and «social payments».

Item 6 of the Article 5 of the Federal Law «On trade secret» stated that the concept of trade secret does not apply to information «on employers’ arrears in salaries and other social payments». It means that the salary was referred to social payments that contradicts the norms of the Labor Code of the RF.

The Article 129 of the Labor Code of the RF defines salary as remuneration for labor in accordance with the qualification of an employee, the complexity, quantity, quality and conditions of the work performed. The same concept includes various compensations and bonuses. Social payments, in their turn, are not related to salary and are not included in the payroll budget.

This Federal Law excluded the word «other» for dissolution of this inconsistency in item 6 of the Article 5 of the Federal Law «On trade secret». Thus, trade secret cannot apply to information about employers’ arrears to employees in salaries and social payments.

For reference
According to the Federal State Statistics Service, arrears in salaries countrywide in the whole were overdue to almost 40 000 workers as of January 1, 2018. In 2018, compared to the previous year, there has been a reduction in the number of employees, to whom there are arrears in salaries (Table 1).

Table 1. The listed and unlisted number of employees, to whom an organization has arrears in salaries
  as of 01.01 as of 01.02 as of 01.03 as of 01.04
2017 49 104 62 505 69 346 63 205
2018 39 929 44 177 47 924 46 720
2018 by 2017, % -19 % -29 % -31 % -26 %
Ranking
Assets turnover of the largest Russian bakery and confection producers

Information agency Credinform prepared a ranking of the largest Russian bakery and confection producers. Companies with the highest volume of revenue (TOP-10) were selected for this ranking according to the data from the Statistical Register for the latest available periods (2016 and 2015). The enterprises were ranked by assets turnover ratio (Table 1). The analysis was based on data from the Information and Analytical system Globas.

Assets turnover is sales revenue to the average total assets for the period. This indicator is included in the group of activity ratios and shows the efficiency of all available resources despite of their source. The ratio indicates the number of profitable full cycles of production and turnover per year.

Taking into account the actual situation both in economy in general and in the sector, the experts of the Information agency Credinform have developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios, which can be recognized as normal for a particular industry. The practical value of assets turnover ratio for bakery and confection producers in 2016 is from 1,79 and from 1,38 times respectively.

For the most complete and objective view of the financial condition of the enterprise it is necessary to pay attention to the complex indicators and financial ratios of the company.

Table 1. Net profit, revenue, assets turnover ratio and solvency index Globas of the largest Russian bakery and confection producers (TOP-10)
Name, INN, region Revenue, mln RUB Net profit, mln RUB Assets turnover ratio, times Solvency index Globas
2015 2016 2015 2016 2015 2016
1 2 3 4 5 6 7 8
LLC FAZER
INN 7810356819
Saint-Petersburg
Production of bread and pastry
10 154 18  57 -300 812 1,77 3,11 175 Superior
JSC KARAVAY
INN 7830000360
Saint-Petersburg
Production of bread and pastry
8  600 8  947 98 -138 3,04 2,96 221 Strong
LLC KELLOGG RUS
INN 3661048688
Voronezh region
Production of rusks, cookies and other rusk bakery products; pastry, cakes, biscuits, pies and sponge-cakes of long shelf life
8 291 10 471 -1 394 -169 2,23 2,57 273 Medium
JSC KHLEBPROM
INN 7448027569
Chelyabinsk region
Production of rusks, cookies and other rusk bakery products; pastry, cakes, biscuits, pies and sponge-cakes of long shelf life
10 049 11 498 108 384 2,06 2,37 201 Strong
LLC MON'DELEZ RUS
INN 3321020710
Vladimir region
Production of chocolate and sugary confection
58 590 56 862 576 1 152 2,13 2,31 232 Strong
JSC FERRERO RUSSIA
INN 5044018861
Vladimir region
Production of chocolate and sugary confection
33 623 38 418 2 839 4 300 1,63 1,75 146 Superior
LLC BARRY CALLEBAUT NL RUSSIA
INN 5048014441
Moscow region
Production of cocoa, chocolate and sugary confection
6 437 6 952 1 012 908 1,83 1,55 176 High
LLC MARS
INN 5045016560
Moscow region
Production of chocolate and sugary confection
93 951 102 581 14 669 16 717 1,03 1,02 190 High
LLC KDV YASHKINO
INN 4246006730
Kemerovo region
Production of rusks, cookies and other rusk bakery products; pastry, cakes, biscuits, pies and sponge-cakes of long shelf life
9 698 10 089 159 30 1,00 0,90 253 Medium
PJSC BABAEVSKY CONFECTIONERY CONCERN
INN 7708029391
Moscow
Production of chocolate and sugary confection
9 853 9 535 719 245 0,68 0,67 200 Strong
Total for TOP-10 249 247 273 609 18 485 24 242      
Average value for TOP-10 companies 24 925 27 361 1 849 2 424 1,74 1,92  
Average value for confectionery production 846 881 47 52 1,31 1,38  
Average value for bakery production 75 78 1 2 1,80 1,79  

Average value of assets turnover ratio for TOP-10 is above the industry average. Compared to the previous period, two companies in TOP-10 have increased revenue and net profit figures (marked with green in columns 2 — 5 of Table 1). The rest of companies decreased revenue or net profit, or have losses (filled with red in columns 2 — 5 of Table 1).

Picture 1. Assets turnover and revenue of the largest Russian bakery and confection producers (TOP-10) Picture 1. Assets turnover and revenue of the largest Russian bakery and confection producers (TOP-10)

The average industry indicators of assets turnover ratio over the past 10 years have a trend to decrease (Picture 2).

Picture 2. Change in average industry values of assets turnover ratio of the largest Russian bakery and confection producers in 2007 — 2016 Picture 2. Change in average industry values of assets turnover ratio of the largest Russian bakery and confection producers in 2007 — 2016