Federal<br/>Passenger Company Annual Report

Balance Sheet Total

In its resolution of November 20, 2013, the Board of Directors of JSC FPC announced the issue of additional 5 billion ordinary registered book-entry shares of JSC FPC with a 1 rubble face value by closed subscription.

To purchase the additional shares, JSC RZD made a RUB 5.0 billion contribution to the charter capital of JSC FPC as partial compensation for a lower level of subsidies and a means of easing the strain on the federal budget of the Russian Federation.

The charter capital did not change over 2013, totalling RUB 147.6 billion on December 31, 2013; however, after the receipt of the contribution against the additional shares, the Additional Paid In Capital item in the Capital and Reserves section of the Company’s balance-sheet grew by RUB 5 billion received as the contribution.

The additional issue procedure will end in the 1st quarter 2014, with the charter capital of JSC FPC reaching RUB 152.6 billion.

As of December 31, 2013, JSC FPC’s long-term liabilities stood at RUB 11.1 billion, including RUB 9.3 billion in borrowings.

Company’s net assets increased by 5.8% in the reporting year, totalling RUB 171.8 billion.

Key balance sheet items, RUB billion

Indicators 2011 2012 2013 2013/2012 change 2013/2012 growth
Non-current assets 172.0 177.9 186.8 8.9 5.0%
Current assets 19.9 28.2 29.0 0.8 2.7%
Capital and reserves 159.7 162.4 171.8 9.4 5.8%
Long-term liabilities 5.7 10.8 11.1 0.3 2.5%
Short-term liabilities 26.4 32.9 32.9 − 0.0 − 0.1%

Changes in the net assets of JSC FPC, RUB billion

Changes in the balance sheet, RUB billion