According to the amendments to the Tax Code of the Russian Federation made by the Federal law No. 100-FL dated April 20, 2021, the international companies operating on the territory of Russia are obliged to disclose data on their shareholders, beneficial owners and managers including information on individuals or public companies directly or indirectly holding 5% or more in the international company.

The amendments will come into force since January 1, 2022.

Data as of December 31 have to be provided to the tax authorities no later than March 28 in the year following the reporting year.

There is an administrative fine at the amount of 50 thousand RUB for failure to provide such information.

International companies registered with the tax authorities for the sole purpose of rendering e-services in Russia are exempt from this obligation.

Full list of foreign e-service providers registered in the RF as VAT payers is available to all users in the Lists we recommend of the Information and Analytical system Globas.

Information agency Credinform represents a ranking of the largest Russian shipbuilding enterprises. Companies with the largest volume of annual revenue (TOP 10 and TOP 100) were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available periods (2018 - 2020). They were ranked by the net profit ratio (Table 1). The selection and analysis were based on the data of the Information and Analytical system Globas.

Net profit ratio (%) is net profit (loss) to sales revenue. The ratio is indcative of the level of profit on sales.

There is no standard value for this ratio. It is recommended to compare companies of the same industry or to analyse the changes in this ratio for a specified company. Negative value of the ratio shows there is a net loss. High value speaks about the effective operations.

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

Table 1. Net profit, revenue, current assets to equity ratio and solvency index Globas of the shipbuilding companies (TOP 10)

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Net profit ratio, %		Solvency index Globas
	2019	2020	2019	2020	2019	2020
1	2	3	4	5	6	7	8
JSC OKSKAYA SHIPYARD INN 5223004199 Nizhniy Novgorod region	9 066,6	9 214,5	1 880,0	866,6	20,74	9,40	191 High
JSC KRASNOE SORMOVO PLANT INN 5263006629 Nizhniy Novgorod region	11 763,6	11 709,2	708,9	1 019,7	6,03	8,71	195 High
JSC UNITED SHIPBUILDING CORPORATION INN 7838395215 Saint Petersburg	68 832,0	85 665,0	509,7	1 501,2	0,74	1,75	228 Strong
JSC SREDNE-NEVSKY SHIPBILDING PLANT INN 7817315385 Saint Petersburg	10 459,0	11 137,5	952,4	189,3	9,11	1,70	206 Strong
JSC SHIPBUILDING PLANT SEVERNAYA VERF INN 7805034277 Saint Petersburg	20 736,6	14 929,5	-534,5	173,4	-2,58	1,16	254 Medium
JSC LENINGRAD SHIPYARD PELLA INN 4706000296 Leningrad region	13 554,3	10 990,4	29,6	-1 119,8	0,22	-10,19	300 Adequate
JSC SHIPYARD YANTAR INN 3900000111 Kaliningrad region	9 332,1	11 288,7	-2 757,7	-1 723,1	-29,55	-15,26	316 Adequate
JSC AMUR SHIPBUILDING PLANT INN 2703000015 Khabarovsk territory	13 675,9	16 850,6	-2 131,2	-4 503,3	-15,58	-26,72	289 Medium
LLC SHIPBUILDING COMPLEX ZVEZDA INN 2503032517 Primorye territory	4 994,2	11 061,5	-3 990,9	-4 154,0	-79,91	-37,55	313 Adequate
JSC BALTIC SHIPYARD INN 7830001910 Saint Petersburg	20 654,3	18 929,8	-6 444,2	-7 878,8	-31,20	-41,62	269 Medium
Average value for TOP 10	18 306,9	20 177,7	-1 177,8	-1 562,9	-12,20	-10,86
Average value for TOP 100	2 369,6	2 369,6	-136,1	-181,6	1,49	1,17
Average industry value	386,6	270,2	-10,2	-18,1	-2,64	-6,71

growth of indicator to the previous period, fall of indicator to the previous period

The industry average values of the net profit ratio, as well as the values of TOP 10, were negative in 2020. Five companies decreased their values in 2020, while only three ones did in 2019.

In 2020, six companies gained their revenues, three ones increased net profit and one company reduced its loss.

The revenue of TOP 10 and TOP 100 climbed at average 10% and the industry average figure fell 30%. The loss of TOP 10 and TOP 100 jumped 33%. On average for the industry, there is a 77% increase in the loss.

Over the past five years, the industry average values of the net profit ratio have declined over three periods. The highest value was recorded in 2017 and the lowest one was in 2020 (Picture 1).

Picture 1. Change in the industry average values of the net profit ratio of shipbuilding enterprises in 2016 - 2020