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 |
| Prepayments | 0.59 | 0.49 | 0.70 |
| Taxes and charges | 3.06 | 3.27 | 1.72 |
| Other receivables | 1.65 | 3.45 | 3.49 |
| Total | 8.33 | 9.19 | 7.79 |
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 |
|---|---|---|---|
| Trade payables | 9.46 | 10.91 | 10.88 |
| Payroll liabilities | 1.85 | 1.42 | 1.36 |
| 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 |
| Other payables | 5.66 | 4.14 | 4.71 |
| Total | 27.60 | 27.80 | 26.90 |
| Highlights | 2013 | 2014 | 2015 |
|---|---|---|---|
| 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 |