Cash flows

As at 31 December 2015, FPC’s cash balances, including short-term deposits, amounted to RUB 11.0 billion.

As at 1 January 2015, the Company’s cash balances amounted to RUB 3.8 billion.

Cash Flows from Operating Activities

In 2015, the cash flow from operating activities amounted to RUB 258.0 billion, including RUB 24.7 billion from the federal budget.

The Company’s cash from passenger services (with key revenues of 72.8%) amounted to RUB 187.9 billion (less transit charges).

In 2015, cash outflows amounted to RUB 242.5 billion. Expenses on infrastructure services and locomotive lease were RUB 119.7 billion, or 49.4%.

Cash flows from operating activities amounted to RUB 15.4 billion.

Cash flows from operating activities, RUB billion

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Cash Flows from Investing Activities

Negative cash flow from investing activities amounted to RUB 15.8 billion.

The Company’s cash from investing activities amounted to RUB 1.5 billion, of which RUB 1.2 billion were attributed to interest from financial investments.

Payments under investment activities (financing of the investment programme) were RUB 17.3 billion.

In the reporting period, RUB 16.0 billion (92.5% of investment) were allocated for the rolling stock replacement, including:

• RUB 11.9 billion for acquisition of new rolling stock;
• RUB 4.1 billion for upgrades of the rolling stock.

Cash Flows from Financing Activities

In 2015, cash inflows from financing activities amounted to RUB 16.7 billion, of which 78.8% were attributed to borrowings.

Cash outflows from financing activities amounted to RUB 16.4 billion, including:

• RUB 2.0 billion for payment of interest on loans and borrowings;
• RUB 14.4 billion for repayment of loans and borrowings.

Net cash flows from financing activities amounted to RUB 0.2 billion.

In the reporting period, FPC’s total cash flow was negative at RUB 1.5 billion.