Payables and receivables
As at 31 December 2016, FPC’s receivables amounted to RUB 7.06 billion.
Taxes and charges receivable were 50.0%, or RUB 3.53 billion.
As at the end of 2016, trade receivables (except for transport services) amounted to RUB 1.21 billion, or 17.1%, – an increase of RUB 0.30 billion, or 33.0%, year-on-year. The largest share of trade receivables was due for repair and maintenance of the rolling stock, amounting to RUB 0.46 billion, or 38.0%, and for lease of the rolling stock and property assets, amounting to RUB 0.35 billion, or 28.9%.
As at 31 December 2016, trade receivables due for passenger services made up RUB 1.10 billion, or 15.6%, in line with the terms of relevant contracts.
As at 31 December 2016, prepayments were RUB 0.48 billion, or 6.8%.
|Receivables|| || || |
|Trade receivables (except for transport services)||0.80||0.91||1.21|
|Trade receivables (for transport services)||1.20||1.00||1.10|
|Taxes and charges||3.27||1.72||3.53|
As at 31 December 2016, payables decreased year-on-year by 9.4% to RUB 22.09 billion.
The largest share of payables is attributed to trade payables amounting to RUB 9.22 billion, or 41.7%.
As at the end of 2016, prepayments for transport services were RUB 7.48 billion, or 33.9%.
|Payables|| || || |
|Taxes and charges, social insurance||2.41||1.74||1.77|
|Prepayments for other activities||0.39||0.23||0.16|
|Prepayments for transport services||8.55||7.99||7.48|
As payables are above the receivables, the Company can use payables as an additional source of financing. Receivables to payables ratio is 0.32.