Information agency Credinform has prepared a ranking of the Russian commercial educational organizations. Educational organizations (TOP-10) with the largest annual revenue were selected for the ranking, according to the data from the Statistical Register and the Federal Tax Service for the latest available accounting periods (2018 - 2019). Then they were ranked by the net profit ratio (Table 1). The analysis was based on the data from the Information and Analytical system Globas.

Net profit ratio (%) is a relation of net profit (loss) to sales revenue. The ratio characterizes 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 change in the ratio of the specific company. Negative value of the ratio is indicative of the net loss, and the high one means the efficiency of the company.

In order to get the most comprehensive and fair picture of the financial standing of an enterprise, it is necessary to pay attention to all combination of financial indicators and ratios.

Table 1. Revenue, net profit, net profit ratio, solvency index Globas of the largest Russian commercial educational organizations (TOP-10)

Name, INN, region	Revenue, million RUB		Net profit (loss), million RUB		Net profit ratio,%		Solvency index Globas
	2018	2019	2018	2019	2018	2019
1	2	3	4	5	6	7	8
MOSCOW UNIVERSITY OF FINANCE AND LAW MFUA INN 7725082902 Moscow	1 349,0	1 692,0	113,9	336,9	8,44	19,91	210 Strong
TSOO NETOLOGIYA-GRUPP INN 7715964180 Moscow	737,5	1 052,9	-136,0	44,2	-18,44	4,20	222 Strong
NON-STATE SAKHALIN TECHNICAL TRAINING CENTRE INN 6501160976 Sakhalin region	496,9	1 077,2	14,0	44,9	2,82	4,17	263 Medium
PEI of higher education Medical Institute REAVIZ INN 6317006620 Samara region	899,6	994,8	66,5	31,9	7,39	3,21	233 Strong
MOSCOW UNIVERSITY FOR INDUSTRY AND FINANCE SYNERGY INN 7729152149 Moscow	3 468,2	4 049,5	33,3	43,2	0,96	1,07	243 Strong
ANO SBERBANK UNIVERSITY INN 7736128605 Moscow	3 444,7	3 554,5	20,8	34,4	0,60	0,97	266 Medium
NGEI THE BRITISH INTERNATIONAL SCHOOL INN 7713004522 Moscow	1 335,8	1 366,8	-664,7	5,4	-49,76	0,39	240 Strong
ANO Russian University of Co-operation INN 5029088494 Moscow region	1 546,6	1 538,7	2,4	4,2	0,15	0,27	224 Strong
MOSCOW SCHOOL OF MANAGEMENT SKOLKOVO INN 5032180980 Moscow region	2 332,8	3 441,0	-129,2	-120,6	-5,54	-3,50	293 Medium
OTS EF ENGLISH FIRST CIS INN 7707082829 Moscow	1 427,1	1 429,5	-105,0	-138,9	-7,36	-9,72	316 Adequate
Average value for TOP-10	1 703,8	2 019,7	-78,4	28,6	-6,07	2,10
Average industry value	7,9	15,3	0,2	-1,1	3,05	-7,33

improvement compared to prior period, decline compared to prior period

Average value of net profit ratio of TOP-10 is higher than the average industry value. Eight companies have improved their values in 2019 comparing to the previous period.

Picture 1. Net profit ratio and revenue the largest commercial educational organizations in Russia (TOP-10)

During the decade, average industry values of net profit ratio had a tendency to decrease. (Picture 2).

Picture 2. Change of industry average values of net profit ratio of commercial educational organizations in Russia in 2010 – 2019

The new procedure for licensing of educational activity will be established from January 1^st to December 31^st, 2021 by the Decree of the Government of the Russian Federation as of 18.09.2020 No. 1490.

The licensed activity is the provision of educational services on implementation of educational programs.

The approved licensing authorities are:

- The Federal Service for Supervision in Education and Science (Rosobrnadzor) - in relation to:

• higher educational organizations,
• secondary vocational educational organizations in the following fields: defense, manufacture of products by the defense order, activities of law enforcement agencies and Russian guard forces, safety, nuclear energetics, transport and communication, science absorbing industry (the list is approved by the Government of the RF),
• organizations, situated outside the Russian Federation,
• organizations, established in accordance with the Russian international agreements,
• organizations, operating in the territory of diplomatic representatives and consular institutions of Russia,
• branches of foreign organizations.

- Executive government bodies of the constituent entities of the RF – in relation to:

• organizations, operating in the territory of the constituent entity of the Russian Federation, its branches in other constituent entities.

Educational organizations, operating in the territory of Skolkovo Innovation Сentre as well as innovation scientific and technological centers, may work without licenses, in accordance with the article 17 of the Federal law as of 28.09.2010 No. 244-FL and the article 21 of the Federal law as of 29.07.2017 No. 216-FL respectively.

The Provision, approved by the Decree of the Government, contains the licensed requirements for license applicants and licensees, the list of educational services, the documents and information necessary for the registration of a license.

A state fee is charged for the issuance or renewal of license.

The users of the Information and Analytical system Globas have access to all the available information (including archive data) about all educational organizations. Currently, there are almost 39 thousand active licenses for these types of activities.