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.

5.3 RUB billion Net profitfor 2016FY
Changes in net assets, RUB 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.

Financial results, RUB billion
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