Article
Ensuring transparency of information and new registers

Among the risks of business activities the experts of the Information agency Credinform single out a so-called information risk. It is evidenced in the result of legal restrictions on the access to information about business entities that complicates complete verification of counterparties for reliability and integrity.

Such restriction is introduced by federal laws «On Commercial Secrets» (№93-FZ from 2004) and «On personal data» (№152 from 2006). The first one regulates the relations connected with the establishment, change and termination of the regime of commercial secret in regard to information. At the same time the Article 5 defines the information that cannot be a commercial secret. The second law regulates the relations connected with the processing of personal data using automation devices.

However, there is a group of federal laws, defining general availability of information, which includes, for example, data contained in the public registers, as well as other well-known data and information, the access to which is not restricted. In addition, commercial secret regime cannot be set up in regard to accounting (financial) statement. This group conventionally includes the following federal laws: «On state registration of legal entities and individual entrepreneurs» (№129-FZ from 2001), «On Accounting» (№402-FZ from 2011), «On Information, information technologies and the protection of information» (№149- FZ from 2006).

As a part of the maintenance of open data policy and in interests of business the state seeks to reach a certain degree of information transparency. In 2016 it was manifested itself in the following facts:

  • since January 1, 2016 an updated version of the Unified information register of procurement has begun operating, which provides, in cooperation with other information systems, full information, including plans-graphics of procurement, terms of contracts’ projects, participants, as well as the exchange of electronic documents between them;
  • in May 2016 Russia signed an agreement on automatic exchange of information, according to which taxmen may receive information related to investment income, sale of shares, bank account balance, interest on deposits and bonds of Russian citizens abroad;
  • the order of the Federal Tax Service of Russia entered into force, regulating the procedure of the validity check of the information contained in EGRUL, and giving the right to make an entry in the register on the unreliability of information;
  • the tax secrecy regime was canceled from a part of information available to a tax authority, in particular: from the average number of employees, from paid sums of taxes and fees, the amounts of income and expenses according to the accounting (financial) statement, the amounts of arrears and debt on penalties and fines;
  • since the beginning of 2017 the federal law will enter into force, according to which a legal entity is required to have information about its beneficial owners and to and to submit it to competent authorities.

It may be added that the decisions on the rules of procedure of following registers are made: the State register of credit consumer cooperatives, the Unified Register of SRO in the financial market, the Unified Register of issued certificates of conformity and registered declarations of conformity, the Register of notifications about pledges of movable property, the Unified State Registry of real estate; decisions on the establishment of the Register of the heads of local administrations, the Register of travel agencies.

It is expected that it will be opened an access to information on the attested powers of attorney in the register of notarial acts Unified information system of notaries; companies will disclose the interim consolidated statement in the public access systems; banks will receive new black lists of clients, which have canceled running contracts for services; the FTS of the RF will begin to create the Register of sources of income and the same Register of debts on obligatory payments, the Unified State Register of the civil status registration.

It should be noted that a large share of the information contained in the sources and registers mentioned above is possible to find in a centralized source – in the Information and analytical system Globas-i®.

Ranking
Product profitability of the largest energy producers in Russia

Information agency Credinform presents the ranking of the largest energy producers in Russia on product profitability ratio.

The largest by revenue energy producers (TOP-10) for the last available in the open sources period (2015) were taken for the ranking. Further the companies were ranked in the descending order of product profitability value (Table 1).

Product profitability is calculated as a ratio of profit on sales to operational expenses. In the whole the profitability reflects the production efficiency. The analysis of product profitability allows making a conclusion on release usefulness of various products. There aren’t any recommended values for this group, due to the fact that they differ greatly depending on industry.

Table 1. Net profit, revenue, product profitability and solvency index Globas-i of energy producers (TOP-10)
Name, Tax number, RegionNet profit (loss) 2015, mln RUBRevenue 2015, mln RUB.Sales revenue 2015 to 2014,%Product profitability 2015, %Solvency index Globas-i
JSC FEDERAL HYDRO-GENERATING COMPANY – RUSHYDRO
Tax number 2460066195
Krasnoyarsk territory
30 022,0 107 099,0 99 67,42 207 High
JSC ENEL RUSSIA
Tax number 6671156423
Sverdlovsk region
-1 803,0 66 197,0 89 62,63 262 High
IRKUTSK JSC OF ENERGETICS AND ELECTRIFICATION
Tax number 3800000220
Irkutsk region
12 633,4 81 960,5 134 31,91 205 High
PJSC UNIPRO
Tax number 8602067092
Khanty-Mansiisk autonomous district - Yugra
15 545,7 78 618,8 98 29,60 165 Prime
JSC INTER RAO - ELECTRIC POWER PLANTS
Tax number 7704784450
Moscow
-3 306,6 149 129,3 101 14,76 267 High
MOSENERGO
Tax number 7705035012
Moscow
6 411,0 164 508,2 104 10,03 189 Prime
PJSC T PLUS
Tax number 6315376946
Moscow region
281,1 200 438,2 257 9,37 320 Satisfactory
RUSSIAN CONCERN FOR PRODUCTION OF ELECTRIC AND THERMAL ENERGY AT NUCLEAR POWER PLANTS JSC
Tax number 7721632827
Moscow
13 921,6 263 756,6 104 9,23 202 High
TERRITORIAL GENERATING COMPANY №1 JSC
Tax number 7841312071
Saint-Petersburg
2 676,1 65 183,6 100 8,64 217 High
JSC OGK-2
Tax number 2607018122
Stavropol territory
3 001,7 112 115,7 97 5,63 224 High

RUSSIAN CONCERN FOR PRODUCTION OF ELECTRIC AND THERMAL ENERGY AT NUCLEAR POWER PLANTS JSC received the largest revenue in the industry in 2015. This enterprise is placed on the seventh spot by product profitability. The company’s share in the total revenue volume of the TOP-10 companies amounted to a little more than 20%.

JSC FEDERAL HYDRO-GENERATING COMPANY – RUSHYDRO shows the largest product profitability as well as decrease of revenue and net profit in 2015 in comparison with the previous period.

Following the results of 2015, three more companies of the TOP-10 face the decrease of revenue. Decrease of net profit or loss was shown by five more enterprises.

In the whole nine companies of the TOP-10 were given the prime or high solvency index Globas-i by the complex of financial and non-financial indicators. It gives evidence to their ability to meet the debt obligations timely and in full.

PJSC T PLUS was given the satisfactory solvency index Globas-i, due to the information about company being a defendant in debt collection arbitration proceedings, as well as in arbitration cases of bankruptcy.

The average value of product profitability in the TOP-10 group in 2015 amounted to 24,92%, which is greater than the indicator of 2014 amounted to 19,79%.

Figure 1. Product profitability and sales revenue of energy producers (TOP-10)
Product profitability and sales revenue of energy producers (TOP-10)

The total revenue volume of the TOP-10 for 2015 amounted to 1 289 billion RUB, which is by 13% greater than the same indicator for 2014 whereas the total net profit for the same period decreased by 7%.

In the whole enterprises of the industry operate profitably. The industry shows the positive dynamic of energy production. According to the Federal State Statistics Service (Rosstat), 1 063 420, 72 mln kilowatt-hours of energy were produced in 2015. It gave Russia the possibility to take the forth place by this indicator, after China, the USA and India, according to Global Energy Statistical Yearbook © Enerdata. The dynamic of energy production in Russia, according to Rosstat, is represented in the Figure 2.

Figure 2. Energy production rates, % to the corresponding previous period
Energy production rates, % to the corresponding previous period