As of December 31, 2013, receivables stood at RUB 8.3 billion.
As of December 31, 2013, trade receivables (except carriage) totalled RUB 1.0 billion, including:
The average receivables turnover was 15.4 days.
As of December 31, 2013, passenger service-related trade receivables amounted to RUB 2.0 billion. This amount is in accord with the terms of the contracts signed.
Actual amount of advances made as of December 31, 2013 totalled RUB 0.5 billion.
Payables decreased to 27.6 billion roubles by the end of December 2013.
As of December 23, 2013, actual trade payables totalled 9.5 billion roubles. Actual amounts payable to JSC RZD and its subsidiaries stood at 4.0 billion roubles.
With receivables substantially exceeding payables, the Company can use receivables as an additional source of financing. Faster receivables turnover compared to payables turnover also strengthens the stability of financing sources.
| Indicators | 31.12.2011 | 31.12.2012 | 31.12.2013 | 2013/2012 change |
|---|---|---|---|---|
| Trade receivables (except carriage) | 0.6 | 0.6 | 1.0 | 0.4 |
| Trade receivables (carriage) | 2.0 | 1.3 | 2.0 | 0.7 |
| Advances made | 0.7 | 0.4 | 0.5 | 0.1 |
| Social security | 0.05 | 0.05 | 0.04 | −0.01 |
| Taxes and duties | 5.0 | 3.6 | 3.0 | −0.6 |
| Other receivables | 2.2 | 2.2 | 1.8 | −0.5 |
| Total | 10.6 | 8.2 | 8.3 | 0.1 |
| Indicators | 31.12.2011 | 31.12.2012 | 31.12.2013 | 2013/2012 change |
|---|---|---|---|---|
| Trade payables | 8.5 | 11.0 | 9.5 | −1.5 |
| inventories | 1.51 | 2.3 | 1.4 | −0.9 |
| electricity and utilities | 0.08 | 0.1 | 0.1 | 0.0 |
| repairs | 1.09 | 1.8 | 1.3 | −0.5 |
| construction | 0.15 | 0.7 | 1.0 | 0.3 |
| rents | 1.04 | 1.05 | 0.89 | −0.16 |
| works performed and services rendered | 2.19 | 2.84 | 2.38 | −0.46 |
| fixed assets | 2.37 | 1.99 | 2.35 | 0.37 |
| Payroll and other payables to employees | 1.5 | 1.8 | 1.8 | 0.1 |
| Social security | 0.7 | 0.9 | 0.8 | −0.2 |
| Taxes and duties | 1.1 | 1.2 | 1.2 | 0.0 |
| Advances received for non-carriage activities | 0.2 | 0.3 | 0.3 | 0.0 |
| Advanced received for carriage | 6.7 | 7.7 | 8.4 | 0.7 |
| Other payables | 6.7 | 6.8 | 5.7 | −1.2 |
| Total | 25.4 | 29.7 | 27.6 | −2.1 |
| Indicators | 31.12.2011 | 31.12.2012 | 31.12.2013 |
|---|---|---|---|
| Change in receivables, RUB billion | — | − 2.4 | + 0.1 |
| Change in payables, RUB billion | — | + 4.3 | − 2.1 |
| Receivables increase / decrease rate, % | — | 77.3% | 101.7% |
| Payables increase / decrease rate, % | — | 117.1% | 93.0% |
| Receivables turnover, days | 19 | 14 | 13 |
| Payables turnover, days | 35 | 41 | 36 |
| Receivables to payables ratio, X | 0.42 | 0.28 | 0.30 |