Information agency Credinform offers a ranking of the largest Russian enterprises of housing management sector. The companies with the largest volume of annual revenue (TOP-10) were selected for the ranking, according to the data from the Statistical Register for the latest available periods (2015 - 2017). Then they were ranked by equity turnover ratio (Table 1). The analysis is based on data of the Information and Analytical system Globas.
There is no statutory value for the ratio, that is why it is recommended to compare companies of the same industry or time-varying behavior of the ratio of a particular company. Negative value of indicators speaks for the company’s net loss. The higher is the indicator, the more efficiently the company operates.
The experts of the Information agency Credinform, taking into account the actual situation both in the economy as a whole and in sectors, have developed and implemented in the Information and Analytical system Globas the calculation of practical values of financial ratios that can be recognized as normal for a particular industry. For enterprises engaged in housing management the practical value of net profit ratio is from 1,03%.
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.
|Name, INN, region||Revenue, mln RUB||Net profit (loss), mln RUB||Net profit ratio, %||Net profit ratio, % Globas|
|LLC Management Company Housing systems of Krasnoyarsk
|LLC Management of social facilities
Khanty-Mansi autonomous district - Yugra
|JSC Luberetsky city housing trust
|LLC City Management Company - Krasnodar
|LLC Management Company DEZ East residential area
Khanty-Mansi autonomous district - Yugra
|MUUP Chekhov district housing and utilities of Chekhov district
|MUUP GO Khimki, Moscow Region Directorate of a single customer
In process of reorganization in the form of merger of other legal entities since 20.11.2017
|LLC Management of Housing and Utilities of Petropavlovsk-Kamchatsky
|LLC Housing and Utilities Department of Tolyatti
|LLC Central administration for housing stock
A case of recognition the company bankrupt is considered
|10207,5||8278,4||-1 510,3||-2 815,9||-14,80||-34,02||550 Insufficient|
|Total for TOP-10 companies||37292,1||39867,4||-1639,7||-2912,9|
|Average value for TOP-10 companies||3729,2||3986,7||-164,0||-291,3||-1,90||-3,95|
|Industry average value||11,6||11,6||0,2||0,1||1,39||1,03|
— growth of indicator to the previous period, — decrease of indicator to the previous period.
Over the five-year period, the average size of the net assets of TOP-1000 companies tend to increase (Picture 1).
The average indicator of net profit ratio of TOP-10 companies is below the industry average. Seven companies of TOP-10 demonstrated the upside in 2017.
Over the past 10 years, the industry average values of net profit ratio have a trend to decrease (Picture 2).
The Federal Law №231-FZ from July 29, 2018 introduced provisions (p. 4 of the Art. 82) into the Part One of the Tax Code of the RF on the admissibility of collection, storage and use of documents or information received from audit organizations, including individual auditors, in cases prescribed by Article 932 of the Tax Code of the RF. The last Article was also introduced into the Tax Code of the RF by this Federal Law.
According to laws in place, auditors are obliged to disclose information or submit documents received from audited entities only at the request of law enforcement authorities and courts. From January 1, 2019, they are obliged to submit information to the Federal Tax Service (FTS of the RF) at the first request within a ten-day period based on the decision of the head of the FTS of the RF or his deputy.
Upon receipt of such request, auditors have the right to inform the person in respect of whom the request was received.
Documents may be required for tax control in cases, if they have not been submitted previously by taxpayers in the permitted manner when conducting field tax inspections or after receiving of requests from the authorized bodies of foreign countries regarding citizens of the RF.
Such amendments to the Tax Code of the RF were developed to implement the recommendations of the Organization for Economic Co-operation and Development (OECD) following the first phase of the review of Russian legislation within the Global Forum on Transparency and Exchange of Information for Tax Purposes.
According to the Information and Analytical system Globas, there are currently over 5 200 active financial audit organizations and over 650 individual auditors in Russia. To get acquainted with them and their business activities is possible after the subscription to system access.