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.
| 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% |