As at 31 December 2015, FPC’s receivables amounted to RUB 7.8 billion.
Taxes and charges receivable were 22.0%, or RUB 1.7 billion.
As at the end of 2015, trade receivables (except for transport services) amounted to RUB 0.9 billion, or 11.7% — an increase of RUB 0.1 billion, or 13.5%, year-on-year. The largest share of trade receivables was due for repair and maintenance of the rolling stock amounting to RUB 0.41 billion, or 45.1%, and for lease of the rolling stock and property assets amounting to RUB 0.26 billion, or 28.0%.
As at 31 December 2015, trade receivables due for passenger services made up RUB 1.0 billion, or 12.5%, in line with the terms of relevant loan agreements.
|Receivables||31 December 2013||31 December 2014||31 December 2015|
|Trade receivables (except for transport services)||1.01||0.80||0.91|
|Trade receivables (for transport services)||2.02||1.19||0.97|
|Taxes and charges||3.06||3.27||1.72|
Prepayments made as at 31 December 2015 totalled RUB 0.7 billion, or 9.0%.
As at 31 December 2015, receivables decreased year-on-year by RUB 0.9 billion, or 3.2%, to RUB 26.9 billion.
The largest share of payables is attributed to trade payables amounting to RUB 10.8 billion, or 40.4%.
Prepayments for transport services received as at the end of 2015 totalled RUB 8.0 billion, or 29.7%.
As payables are above the receivables, the Company can use payables as an additional source of financing. Receivables to payables ratio is 0.29%.
|Payables||31 December 2013||31 December 2014||31 December 2015|
|Taxes and charges, social insurance||1.91||2.41||1.74|
|Prepayments for other activities||0.33||0.39||0.23|
|Prepayments for transport services||8.40||8.55||7.99|
|Changes in receivables, RUB bn||0.14||0.86||–1.41|
|Changes in payables, RUB bn||–2.08||0.20||–0.90|
|Receivables growth / reduction rate, %||101.7||110.4||84.7|
|Payables growth / reduction rate, %||93.0||100.7||96.8|
|Receivables outstanding, days||13||15||13|
|Payables outstanding, days||36||37||38|
|Receivables to payables ratio||0.30||0.33||0.29|