Financial results

In 2016, operating revenues amounted to RUB 201.2 billion, up 11.0% year-on-year.

Operating expenses increased to RUB 207.1 billion, or by 4.1% year-on-year.

Subsidies from the federal budget amounted to RUB 18.9 billion (2015: RUB 24.7 billion).

EBITDA for 2016 was RUB 24.3 billion, which is higher by RUB 5.7 billion than in 2015.

FY2016 net profit totalled RUB 5.3 billion.

Indicator	2014	2015	2016
Net assets	181.1	181.2	186.1

The Company’s non-current liabilities increased from RUB 14.7 billion to RUB 19.4 billion, or by 32.5%, in the year. The growth was driven by an increase in long-term loans by RUB 4.6 billion.

Short-term liabilities fell to RUB 30.2 billion, or by RUB 4.6 billion year-on-year, due to a decrease in payables.

Indicator	2014	2015	2016	2016/2015, %
Revenue, total	185.6	181.2	201.2	111.0
passenger transportation	164.2	160.0	180.1	112.6
other activities	21.4	21.2	21.1	99.4
Expenses, total	204.9	199.0	207.1	104.1
passenger transportation	189.7	183.6	191.8	104.4
other activities	15.2	15.4	15.3	99.5
Operating profit	–19.3	–17.8	–5.9	33.0
passenger transportation	–25.4	–23.6	–11.7	49.5
other activities	6.2	5.9	5.8	99.2
Other revenue	27.1	28.8	23.0	79.8
subsidies from the federal budget	23.3	24.7	18.9	76.8
Other expenses	6.6	8.6	8.7	100.3
Result from other revenue and expenses	20.5	20.2	14.3	71.0
Profit (loss) before tax	1.2	2.4	8.5	348.6
EBITDA	16.9	18.6	24.3	130.8
EBITDA margin, %	8.1	9.0	11.0	122.2
Income tax and other similar liabilities	1.6	2.3	3.2	139.0
Net profit/loss	–0.4	0.1	5.3	–
Net profit margin, %	–0.21	0.08	2.63	–