Federal Law No. 493-FZ from 30.12.2020 abolished the mandatory membership of gambling organizers in self-regulatory organizations of gambling organizers in betting houses and sweepstakes.

In accordance with the Law above and the Decree of the Government of the Russian Federation No. 652 from 26.04.2021, a public not-for-profit organization "Unified Gambling Regulator" was founded; the organization is established to ensure the implementation of the legislation on state regulation of this activity.

To achieve this goal, the company has the following rights:

• to establish entities, to acquire, own or dispose of equity interests or shares;
• to invest temporarily available funds and issue bonds;
• to carry out income-generating activity.

The company is obliged to oversee the gambling organizers using the information system, which was created to provide automated transmission, reception, registration, processing, accounting, accumulation and storage of the following data:

• accepted bets, including interactive bets,
• bets amount, date and time of their acceptance,
• events and betting rules,
• winnings amount to be paid,
• paid and unpaid winnings,
• returned bets which were not played,
• cash payments in gambling houses,
• form of payment with the gambling participants, including use of cash
• transfer of funds, including digital money, from gambling participants to gambling organizers and from gambling organizers to gambling participants, with provision of real-time data on such transactions to the Unified Gambling Regulator.

In this regard, according to the Decree of the Government of the Russian Federation No. 638 from 24.04.2021, regulations that oblige the Federal Tax Service of the Russian Federation to oversee this area will become invalid from September 27, 2021.

All data on activities of more than 14 thousand casinos, slot machine halls, betting houses, sweepstakes, and lottery organizations is available in the Information and Analytical system Globas.

Information agency Credinform presents a review of the activity trends of companies with 100% foreign capital.

The largest companies (TOP-1000) in terms of annual revenue were selected for the analysis according to the data from the Statistical Register and the Federal Tax Service for the latest available accounting periods (2016 – 2020). The selection of companies and the analysis were based on the data from the Information and Analytical system Globas.

Net assets are total assets less total liabilities. This indicator reflects the real value of the property of an enterprise. When the company’s debt exceeds the value of its property, the indicator is considered negative (insufficiency of property).

The largest company in terms of net assets is JSC MCC EUROCHEM, INN 7721230290, Moscow, engaged in financial industrial group management activities. In 2020, net assets value amounted to almost 361 billion RUB.

The lowest net assets value among TOP-1000 was recorded for LLC TOMET, INN 6382018657, Samara region, engaged in manufacture of other basic organic chemical substances, the legal entity is declared insolvent (bankrupt) and bankruptcy proceedings are initiated since 09.03.2021. In 2020, insufficiency of property was indicated in negative value of -77 billion RUB.

During five-year period, the average net assets values of TOP-1000 have a trend to increase with the decreasing growth rates (Picture 1).

Picture 1. Change in average net assets value in TOP-1000 in 2016 - 2020

The shares of TOP-1000 companies with insufficient property had positive trend to decrease during last 5 years (Picture 2).

Picture 2. Shares of TOP-1000 companies with negative net assets values in 2016 - 2020

Sales revenue
The revenue volume of TOP-10 amounted to almost 20% of the total revenue of TOP-1000 companies in 2020 (Picture 3). It gives evidence to the low level of capital concentration among companies with 100% foreign capital.

Picture 3. Shares of TOP-10 companies in the total revenue of TOP-1000 in 2020

In general, there is a trend to increase in revenue with the declining of growth rates (Picture 4).

Picture 4. Change in average revenue of TOP-1000 in 2016 – 2020

Profit and loss
The largest TOP-1000 company in term of net profit in 2020 is JSC EVRAZ NIZHNY TAGIL METALLURGICAL PLANT, INN 6623000680, Sverdlovsk region, engaged in manufacture of crude iron, ferroalloy, steel. The company’s profit amounted to more than 65 billion RUB.

During five-year period, the average profit figures of TOP-1000 have a trend to increase with decreasing growth rates (Picture 5).

Picture 5. Change in average profit (loss) of TOP-1000 companies in 2016 - 2020

In the last five years, the average net profit figures of TOP-1000 companies increase with the increasing average net loss (Picture 6).

Picture 6. Change in average net profit and net loss of ТОP-1000 companies in 2016 – 2020

Key financial ratios
During five-year period, the average values of the current liquidity ratio of TOP-1000 companies were above the recommended one – from 1,0 to 2,0, with a trend to increase. (Picture 7).

Current liquidity ratio (current assets to short-term liabilities) shows the sufficiency of company’s assets to repay on short-term liabilities.

Picture 7. Change in average values of current liquidity ratio of TOP-1000 in 2016 – 2020

During five years, there was a trend to increase in the average ROI values of TOP-1000 companies (Picture 8).

ROI ratio is calculated as net profit to sum of shareholders equity and long-term liabilities, and shows the return of equity involved in commercial activities and long-term borrowed funds.

Picture 8. Change in average values of ROI ratio of TOP-1000 in 2016 – 2020

Assets turnover ratio is the ratio of sales revenue and company’s average total assets for a period. It characterizes the effectiveness of using of all available resources, regardless the source of their attraction. The ratio shows how many times per year the full cycle of production and circulation is performed, generating the corresponding effect in the form of profit.

During the five-year period, there was a trend to decrease of this ratio (Picture 9).

Picture 9. Change in average values of assets turnover ratio of TOP-1000 companies in 2016 – 2020

Small enterprises
1,2% companies of TOP-1000 are registered in the Register of small and medium-sized enterprises of the Federal Tax Service of the Russian Federation. However, their share in total revenue of TOP-1000 in 2020 amounted to only 0,2%, which is significantly lower than the average country values in 2018 - 2019 (Picture 10).

Picture 10. Shares of small and medium-sized enterprises in TOP-1000

Main regions of activity
Companies of TOP-1000 are registered in 68 regions of Russia, and unequally located across the country. Almost 68% of the TOP-1000 companies’ total revenue for 2020 consolidate in Moscow and Moscow region (Picture 11).

Picture 11. Distribution of TOP-1000 revenue by the regions of Russia

Financial position score
According to the assessment, the financial position of TOP-1000 companies is above average (Picture 12).

Picture 12. Distribution of TOP-1000 companies by financial position score

Solvency index Globas
Most of TOP-1000 companies got Superior / High and Strong / Medium index Globas. This fact shows their ability to meet their obligations fully and by the due date (Picture 13).

Picture 13. Distribution of TOP-1000 companies by solvency index Globas

Conclusion
Complex assessment of activity of the companies with 100% foreign capital, taking into account the main indexes, financial ratios and indicators, demonstrates the prevalence of positive trends in their activity in 2016- 2020 (Table 1).

Table 1. Positive and negative trends, evaluation factors

Trends and evaluation factors	Relative share of factors, %
Dynamics of the average net assets value	10
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
Level of capital concentration	10
Dynamics of the average revenue	10
Rate of growth (decline) in the average size of revenue	-10
Dynamics of the average profit (loss)	10
Rate of growth (decline) in the average size of profit(loss)	-10
Growth / decline in average values of net profit	10
Growth / decline in average values of net loss	-10
Increase / decrease in average values of current liquidity ratio	5
Increase / decrease in average values of return on investment ratio	10
Increase / decrease in average values of asset turnover ratio, times	-10
Share of small and medium-sized businesses in terms of revenue being more than 20%	-10
Regional concentration	-10
Financial position (the largest share)	10
Solvency index Globas (the largest share)	10
Average value of relative share of factors	1,5

positive trend (factor), negative trend (factor)