In order to reduce interregional differences in the level and quality of life of the population, to accelerate the rates of economic growth and technological development, as well as to ensure the national security of the country, the Government of the Russian Federation in February 2019 approved the Strategy for the Spatial Development of Russia until 2025, comprising 12 macro regions. One of them is the Kaliningrad economic region, which includes Kaliningrad region.
Information agency Credinform has prepared a review of trends of the largest companies in Kaliningrad region.
The largest companies (TOP-1000) of the real sector of economy in terms of annual revenue were selected for the analysis according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2014-2019). The analysis was based on the data of the Information and Analytical system Globas.
The largest company in term of net assets is LLC LUKOIL-KALININGRADMORNEFT, INN 3900004998. In 2019, net assets of the organization exceeded 23 billion RUB.
The lowest net assets value among TOP-1000 belonged to JSC BALT NAFTA, INN 3913007474. In 2019, insufficiency of property of the organization was indicated in negative value of -2 billion RUB.
Covering the six-year period, the average net assets values have a trend to increase with the decreasing growth rate (Picture 1).
Over the past six years, the share of companies with insufficient property had a trend to decrease (Picture 2).
In 2019, the revenue volume of 10 largest companies of the industry was 55% of total TOP-1000 revenue (Picture 3). This is indicative of high level of aggregation of capital.
In general, there is a trend to increase in revenue with increasing growth rate (Picture 4).
Profit and loss
The largest organization in term of net profit is JSC AGROPRODUKT, INN 3913501820. The company’s profit for 2019 exceeded 3 billion RUB.
Covering the six-year period, there is a trend to increase in average net profit with the decreasing growth rate (Picture 5).
Covering the six-year period, the average net profit values of TOP-1000 have the increasing trend with the decreasing net loss (Picture 6).
Key financial ratios
Covering the six-year period, the average values of the current liquidity ratio were significantly above the recommended one - from 1,0 to 2,0 with a trend to increase (Picture 7).
Covering the six-year period, the average values of ROI ratio have a trend to decrease (Picture 8).
Covering the six-year period, business activity ratio demonstrated the decreasing trend (Picture 9).
79% of TOP-1000 organizations are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. Their share in total revenue of TOP-1000 is 16% that is almost twice as low as the national average in 2018-2019 (Picture 10).
Financial position score
Assessment of the financial position of TOP-1000 companies shows that the majority of them have financial position above average (Picture 11).
Index of industrial production
According to the Federal State Statistics Service, the increasing trend in the industrial production index was recorded for the Kaliningrad economic region during the 12 months of 2019 - 2020 (Picture 13). At the same time, the average indicator of the index month to month of the previous year was 92%.
Complex assessment of activity of the largest companies of the real sector of economy in the Kaliningrad economic region, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends (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||-5|
|Dynamics of the average revenue||10|
|Rate of growth (decrease) in the average size of revenue||10|
|Dynamics of the average profit (loss)||10|
|Dynamics of 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)||10|
|Solvency index Globas (the largest share)||10|
|Index of industrial production||-5|
|Average value of relative share of factors||3,2|
positive trend (factor), negative trend (factor).
Changes to the Article 5 of the Federal Law «On state registration of legal entities and individual entrepreneurs» were made by the Federal Law No. 350-FZ dated 27.10.2020. The amendments clarified the content of the Unified State Register of Legal Entities (EGRUL). In particular, the registry must contain the following data concerning limited liability companies:
- amount and nominal value of equity stake owned by each shareholder,
- pledging of a share or its part or data on other charges,
- transfer of a share or its part (including shares transferring by succession order) to trust management and data on trustee,
In regards to joint stock companies:
- information that the company has a single shareholder, and information about such shareholder,
- data on share registrar.
Some data on legal entities and individual entrepreneurs will be entered in EGRUL by registration authorities. Such information includes:
- legal form;
- indication of the status of an international company;
- form of legal entity incorporation (incorporation or reorganization);
- data on succession – for legal entities incorporated as a result of reorganization of other legal entities, constituent documents of which are amended due to the reorganization, as well as for legal entities that have ceased their activities as a result of the reorganization;
- form of legal entity termination;
- data on process of winding-up or reorganization;
- date of state registration of a natural person as an individual entrepreneur;
- date and form of termination of an entrepreneurship.
Besides, the period for notification of registration authorities by legal entities and individual entrepreneurs on changes in EGRUL has been extended from three to seven working days. The Law will come into force on April 24, 2021.