Information agency Credinform prepared а ranking of 400 the largest by total revenue Russian companies. The ranking list includes 400 companies with the highest volume of total revenue according to 2012 financial statements. 

Picture 1. Industry’s structure of TOP-40 the largest companies

Diagram includes data about first 40 companies of ranking list and is based on total revenue. The diagram visually confirms the thesis about the prevalence of oil and gas industry in branch structure of national economy. Companies of mentioned field accumulate 65,3% of total TOP-40 turnover, further are trade companies – 8,0% and transport companies – 6,5%.

According to the results of 2012, total turnover of TOP-40 the largest companies amounted to 21 098 452,3 mln.RUB. That is 18,5% more in comparison with the same period of last year. However the dynamic of total financial results of companies’ activity – net profit, is not so good. Last year total gross margin of TOP-40 ranking companies reduced by 15.6%, this could testify of the economic crisis rise. This fact is confirmed by decrease in growth rates of industrial production and gross domestic product.

According to the results of 2013, it is possible to assume with a high degree of probability that net profit of the largest companies will also decrease, as main macroeconomic indicators of the current year will obviously be even worse, than previous. The corporate debt grows, financial risks increase. The management should carefully choose the investment programs, as lack of resources is quite probable.

However, it should be mentioned, that all companies of TOP-40 list have high and the highest solvency index GLOBAS-i® of the agency Credinform. The companies guarantee repayment of the debts. The risk of debt default is minimum or below average. Enterprises are competitive and have a steady consumer demand in their segments. From the investment point of view, the cooperation with the companies from the ranking list seems to be favorable and quite reasonable.

It’s not a secret that amount of the cash turnover in developed countries is significantly limited. There are many reasons for it, among which: under non-cash money turnover the transparence of economy rises, shady reciprocal payments decrease, this leads to increase of tax performance, decline in service charge for infrastructure on issue and upkeep of bank notes and coins, it is easier to steel the money from your purse than virtual one; it’s convenient to use cards. Cardholders are offered all kinds of bonuses and discounts in worldwide trade and hotel chains.

Our country gradually turns from cash to non-cash turnover. Development of acquiring infrastructure, ATMs, mobile self-service offices, so-called «electronic money» works towards this change. However, according to the senior vice-president of the Central Bank of Russia Georgy Luntovsky, the interest of cash payment amounts more than 90% of all money turnover. Certainly, this is surplus and economically unjustified.

In order to drive the situation from the dead-lock, the Ministry of Finance produced a document that will decrease cash payments by law. According to the bill, quantitative restriction on cash payments between individuals and legal persons with the sum more than 600 thousand rubles, with the following reduction to 300 thousand rubles is to be imposed from 2014. Moreover, the companies with the turnover that exceeds 600 thousand rubles would be obliged to take bank cards everywhere.

Central Bank’s Governor Elvira Nabiullina endorsed the initiative of the colleagues from the Government, but stated that it is necessary to give the right to set limitations on eligible sum of cash payments to a megacontroller.

Apart from obvious advantages of corresponding innovations, some experts express apprehensions for the fact that now even in big cities, not considering province, the network of taking the plastic cards is underdeveloped. There is also a problem of protection of virtual money against fraudsters that develop different schemes of their theft up to chip-reading devices. All other things being equal, we should admit though that electronic money are protected more than cash in one’s own pocket, and offered innovations would just speed up the change of the companies, including retail networks, over to non-cash payment.