Information agency Credinform represents an overview of activity trends of the largest Russian software development companies.
The companies with the largest volume of annual revenue (TOP-10 and TOP-1000) were selected for the analysis, according to the data from the Statistical Register for the latest available periods (for 2015 – 2017). The analysis was made on the basis of the data of the Information and Analytical system Globas.
The average values of net assets of TOP-1000 enterprises tend to increase over the ten-year period (Picture 1).
The shares of TOP-1000 enterprises with insufficiency of assets were at relatively low level with a downward trend in the last three years (Picture 2).
The revenue volume of 10 leading companies of the region made 38% of the total revenue of TOP-1000 in 2017 (Picture 3). It points to a relatively high level of monopolization in the industry.
In general, there is a trend towards an decrease in industry average revenue over the ten-year period (Picture 4).
Profit and loss
Industry average net profit trends to increase over the past ten years (Picture 5).
Average values of net profit’s indicators of TOP-1000 companies increase for the three-year period, at the same time the average value of net loss also increases. (Picture 6).
Key financial ratios
Over the ten-year period the industry average indicators of the total liquidity ratio were in the range of recommended values - from 1,0 up to 2,0, with a tendency to increase (Picture 7).
The industry average values of the return on investment ratio trend to decrease for ten years (Picture 8).
This ratio of business activity showed a tendency to decrease over the ten-year period (Picture 9).
75% of TOP-1000 companies are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the RF. At the same time, their share in the total revenue amounted to 27% in 2017, that is higher than the national average (Picture 10).
Main regions of activity
The TOP-1000 companies are distributed unequal across Russia and registered in 52 regions. Almost 80% of their revenue are concentrated in Moscow and Saint-Petersburg (Picture 11).
Financial position score
An assessment of the financial position of TOP-1000 companies shows that 70% of them are in a stable and above average financial positions (Picture 12).
Solvency index Globas
The vast majority of TOP-1000 companies got Superior/High or Strong/Medium Solvency index Globas, that points to their ability to pay off their debts in time and fully (Picture 13).
According to the Federal State Statistics Service, the share of computer software development in the revenue volume from the sale of goods, products, works, and services made 0,89% countrywide for 2018.
A comprehensive assessment of activity of the largest Russian software development companies, taking into account the main indices, financial indicators and ratios, points to the prevalence of positive trends in the industry (Table 1).
|Trends and evaluation factors||Specific share of factor, %|
|Rate of growth (decline) in the average size of net assets||10|
|Increase / decrease in the share of enterprises with negative values of net assets||10|
|Rate of growth (decline) in the average size of revenue||-10|
|Level of competition||-10|
|Rate of growth (decline) in the industry average size of net profit (loss)||10|
|Growth / decline in average values of net profit of TOP-1000 companies||-10|
|Growth / decline in average values of net loss of TOP-1000 companies||-10|
|Increase / decrease in industry average values of total liquidity ratio||10|
|Increase / decrease in industry average values of return on investment ratio||-5|
|Increase / decrease in industry average values of asset turnover ratio, times||-10|
|Share of small and medium-sized enterprises in the industry in terms of revenue being more than 22%||10|
|Financial position (the largest share)||10|
|Solvency index Globas (the largest share)||10|
|Average value of factors||0,4|
positive trend (factor), negative trend (factor).
According to the amendments to the Law «On Accounting», the State information resource of financial accounts is created in Russia. The resource is in the authority of the Federal Tax Service of Russia (FTS). This information was given in our publication as of 10.12.2018.
According to the amendments, parties concerned can get information from the State information resource of financial accounts for a fee. Alongside with that, the obligation to file financial accounts to the state statistics authorities is canceled.
According to the Regulation of the Government of the RF as of 25.06.2019 №811 payment amount for disclosure of the information about financial accounts in electronic form of customer service of one workstation for one year amounts to 200 000 RUB. Payment will be charged at the request of the concerned parties. Bank details for payment are disclosed on the official web-site of the FTS RF.
Regulation will come into force since January 1, 2020.