Article
Changes in legislation

Decree of the Government of the Russian Federation of November 30, 2020 No. 1969 amended the procedure for conducting annual scheduled inspections of legal entities and sole entrepreneurs in 2021.

In particular:

  • remote inspections using audio or video communication are allowed;
  • starting from July 1, 2021, inspection visits may replace the scheduled on-site inspections included in the annual plan for 2021. The decision on this must be made no later than 20 working days before the date of the start of the audit;
  • the period for scheduled inspections starting after June 30, 2021 cannot exceed 10 working days, taking into account the specifics of calculating the deadlines established by legislation;
  • scheduled inspections of small businesses, information about which is contained in the Unified Register, is not included in the annual inspection plan. The exceptions are inspections of persons with a high level of risk, inspections aimed at license control, etc.

It should be recalled that the Article 70 of the Federal Law of July 31, 2020 No. 248-FL "On state control (supervision) and municipal control in the Russian Federation" determines an inspection visit as a control or supervisory measure carried out by interacting with specific controlled persons, owners or users at the location of production facilities, including branches, representative offices, and separate structural units.

The inspection visit involves examinations, interviews, instrumental examinations, obtaining written explanations, and requesting documents.

It is carried out within one working day without prior notification of controlled persons and owners, who are obliged to ensure unhindered access of controllers to buildings, structures and premises.

The subscribers of the Information and Analytical system Globas have access to complete information about all scheduled and unscheduled inspections of a particular organization containing in the section "Inspections' plan of supervisory authorities" of the company’s report.

Ranking
The largest companies in Russia

Information agency Credinform continues a series of publications about the largest companies in Russia. This time the experts of the Agency have analyzed the net profit and identified where the most profitable companies work.

The first ranking consisted a review on Top-30 of the largest companies in Russia by revenues for 2019.




Table 1. Top-30 of the Russian companies by net profit for 2019, and their business activities
No. Name Net profit for 2019, billion RUB Change to 2018 Business activity
1 GAZPROM
Газпром
651,1 -30,2% Oil and gas
2 MMC NORILSK NICKEL
норильский никель
514,7 +212,0% Metallurgy
3 LUKOIL
Лукойл
405,8 +84,9% Oil and gas
4 OIL COMPANY ROSNEFT
НК РОСНЕФТЬ
396,5 -13,9% Oil and gas
5 YAMAL LNG
ЯМАЛ СПГ
251,6 - Oil and gas
6 NOVATEK
НОВАТЭК
237,2 +49,0% Oil and gas
7 GAZPROM NEFT
ГАЗПРОМ НЕФТЬ
216,9 +140,5% Oil and gas
8 TATNEFT
ТАТНЕФТЬ
156,0 -21,0% Oil and gas
9 ROSSETI
РОССЕТИ
135,2 - Electric power
10 LUKOIL-WEST SIBERIA
ЛУКОЙЛ ЗАПАДНАЯ СИБИРЬ
113,7 +0,1% Oil and gas
11 SIBUR HOLDING
СИБУР ХОЛДИНГ
111,9 +3,2% Chemical industry
12 EVRAZ NTMP
ЕВРАЗ НТМК
110,8 +2,9% Metallurgy
13 POLYUS
ПОЛЮС
106,2 +213,0% Gold mining
14 SEVERSTAL
СЕВЕРСТЕЛЬ
105,7 -14,9% Metallurgy
15 SURGETNEFTEGAZ
СУРГУТНЕФТЕГАЗ
105,5 -87,3% Oil and gas
16 GAZPROMNEFT-YAMAL
ГАЗПРОМНЕФТЬ-ЯМАЛ
102,8 +15,0% Oil and gas
17 ROSENERGOATOM
РОСЭНЕРГОАТОМ
101,1 +155,0% Electric power
18 LUKOIL-NIZHNEVOLZHSKNEFT
ЛУКОЙЛ-НИЖНЕВОЛЖСКНЕФТЬ
97,6 -5,3% Oil and gas
19 KURGANMASHZAVOD
КУРГАНМАШЗАВОД
90,4 +46780,7% Defense industry
20 ARCTIC GAS COMPANY
АРКТИКГАЗ
85,2 -3,0% Oil and gas
21 NOVOLIPETSK STEEL MILL
НОВОЛИПЕЦКИЙ МЕТАЛЛУРГИЧЕСКИЙ КОМБИНАТ
83,4 -29,2% Metallurgy
22 URALKALI
УРАЛКАЛИЙ
78,9 - Chemical industry
23 TRANSNEFT
ТРАНСНЕФТЬ
76,4 +655,3% Oil and gas
24 LUKOIL-PERM
ЛУКОЙЛ-ПЕРМЬ
73,5 -8,0% Oil and gas
25 ORENBURGNEFT
ОРЕНБУРГНЕФТЬ
72,2 +22,0% Oil and gas
26 SAMOTLORNEFTEGAZ
САМОТЛОРНЕФТЕГАЗ
70,0 -8,9% Oil and gas
27 Taas-Yuryakh Neftegazodobycha
ТААС-ЮРЯХ НЕФТЕГАЗОДОБЫЧА
67,1 +27,0% Oil and gas
28 METALLOINVEST
МЕТАЛЛОИНВЕСТ
66,3 +45,6 Metallurgy
29 MTS
МТС
64,6 +605,4% Telecommunication
30 IRKUTSKAYA NEFTYANAYA KOMPANIYA
ИРКУТСКАЯ НЕФТЯНАЯ КОМПАНИЯ
64,0 -29,0% Oil and gas

The enterprises of the fuel and energy complex have the leading positions among the Top-30 companies as in the first ranking. Their share amounts to 60%. Picture 1 represents distribution of shares among 30 leading companies in Russia by the net profit.

Picture 1. Distribution of companies by the industry Picture 1. Distribution of companies by the industry

Following the results of the ranking, the oil and gas companies still have the leading positions not only by revenues, but also by net profit.

*The introduction of KURGANMASHZAVOD among Top-30 leading companies is worth making specific mention. Growth of the net profit for 2019 amounted to +46780%. Such a result was achieved due to an increase of other incomes, which were generally generated after recovery of estimated liabilities.

MTS is as well listed among Top companies. Growth of the net profit for 2019 amounted to +605%, due to removal of provision for payment of fine resulting from investigation concerning the activity in Uzbekistan.

KURGANMASHZAVOD manufactures fighting vehicles and MTS renders mobile communication, internet and broadcasting services.