Financial analysis of JSCo «High-Speed Rail Lines»
This financial profile page contains financial analisys of financial reports of JSCo «High-Speed Rail Lines». Financial analysis of financial reports of JSCo «High-Speed Rail Lines» includes the analisys of income, income and expenses growth rates, analisys of working capital structure and annual dynamics. JSCo «High-Speed Rail Lines» .
Financial reports of JSCo «High-Speed Rail Lines»
This financial profile page of JSCo «High-Speed Rail Lines» cosists of links to annual financial reports of JSCo «High-Speed Rail Lines». Flexible and user-friendly web-instruments enable horizontal and vertical analisys of indexes of financial reports of JSCo «High-Speed Rail Lines».
Liquidity and financial strength of JSCo «High-Speed Rail Lines»
This financial profile page includes dynamic analisys of liquidity and financial strength of JSCo «High-Speed Rail Lines». Calculation of financial strength rating is based upon JSCo «Russian railways» methodics. Moreover, it presents Cash flow statement by indirect method for JSCo «High-Speed Rail Lines» with the user-opportunity to change analitical period of cash flows of JSCo «High-Speed Rail Lines». Cash flow statement by indirect metod illustrates the directions of cash flows of JSCo «High-Speed Rail Lines» in the certain period.
* This report is based upon web-open information and data including company annual reports and annual financial statements
Balance sheet JSCo «High-Speed Rail Lines»
Profits and losses statement JSCo «High-Speed Rail Lines»
*JSCo «High-Speed Rail Lines»
| Foundation | 2006 |
| TIN | 7708609931 |
| PSRN | 5067746318789 |
| Web-site | http://www.hsrail.ru |
| Specialization | Construction |
| Holding |
- Russian Railways Holding |
I.Financial results review
| Units | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Revenues | mln RUB | 208,0 | 389,4 | 659,6 | 529,8 | 1 157,9 |
| Expenses | mln RUB | 236,1 | 339,9 | 573,6 | 467,9 | 1 167,2 |
| Operating expenses | mln RUB | 236,1 | 339,9 | 358,5 | 205,6 | 783,1 |
| General and Administrative expenses | mln RUB | 0,0 | 0,0 | 215,2 | 262,3 | 384,0 |
| Commercial expenses | mln RUB | 0,0 | 0,0 | 0,0 | 0,0 | 0,0 |
| Operating income/loss | mln RUB | -28,1 | 49,5 | 86,0 | 61,9 | -9,2 |
| Income/loss before taxation | mln RUB | -71,0 | 5,4 | 40,6 | 32,5 | 31,8 |
| Net income/loss | mln RUB | -56,8 | 7,6 | 31,8 | 25,0 | 25,1 |
| EBITDA | mln RUB | -8,3 | 95,3 | 157,1 | 194,8 | 254,8 |
| inc.Depreciation | mln RUB | 0,0 | 0,0 | 0,0 | 3,6 | 9,0 |
Comparison of income, expenses and profit growth rates
| Units | 2013 | 2014 | 2015 | 2016 | |
| Income growth rate | % | 87,2 | 69,4 | -19,7 | 118,6 |
| Expenditure growth rate | % | 43,9 | 68,8 | -18,4 | 149,4 |
| Operating expenses growth rate | % | 43,9 | 5,5 | -42,7 | 281,0 |
| Commercial and Administrative expenses growth rate | % | 0,0 | 0,0 | 21,9 | 46,4 |
| Operating income growth rate | % | 276,0 | 73,6 | -28,0 | -114,9 |
| Profit before tax growth rate | % | 107,6 | 656,5 | -20,0 | -2,1 |
II.Return on capital
| Units | Abbr. | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Return on Sales | % | ROS | -27,30 | 1,96 | 4,82 | 4,72 | 2,17 |
| Pretax Profit margin | % | PPM | -34,13 | 1,38 | 6,16 | 6,13 | 2,75 |
| Operating margin | % | OPM | -13,52 | 12,72 | 13,03 | 11,68 | -0,80 |
| EBITDA profitability | % | EbitdaP | -3,98 | 24,47 | 23,82 | 36,77 | 22,01 |
| Return on Assets | % | ROA | -3,58 | 0,48 | 1,48 | 0,65 | 0,36 |
| Return on Invested Capital | % | ROIC | 1,42 | 23,35 | 17,04 | 35,65 | -213,33 |
| Weighted Average Cost of Capital | % | WACC | -7,5 | 6,2 | 5,1 | 5,6 | 0,0 |
| Cost of Equity | % | Re | 26,5 | 0,0 | 0,0 | 0,0 | 0,0 |
| Cost of Debt | % | Rd | 3,7 | 5,4 | 5,3 | 5,5 | 6,3 |
| Assets | mln RUB | A | 1 323,0 | 1 845,4 | 2 436,9 | 5 300,0 | 8 770,0 |
| Equity | mln RUB | E | -189,1 | -181,5 | -149,7 | -124,7 | -99,5 |
| Longterm Debt | mln RUB | D | 439,3 | 766,7 | 1 305,2 | 0,0 | 0,0 |
| Invested Capital | mln RUB | IC | 250,2 | 585,3 | 1 155,5 | -124,7 | -99,5 |
| Net Assets | mln RUB | NA | 1 323,0 | 1 845,4 | 2 436,9 | 5 300,0 | 8 770,0 |
III.Working capital
| Units | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Working capital | mln RUB | 360,9 | 469,4 | 642,1 | 2 631,7 | 2 847,5 |
| Current assets | mln RUB | 387,4 | 617,8 | 746,4 | 4 783,9 | 8 216,6 |
| Inventories | mln RUB | 0,3 | 0,4 | 0,1 | 33,2 | 21,9 |
| Accounts receivable | mln RUB | 296,4 | 459,4 | 487,2 | 2 297,5 | 4 712,5 |
| Cash and cash equivalents | mln RUB | 15,7 | 83,2 | 184,3 | 570,5 | 1 599,7 |
| Curent financial assets | mln RUB | 74,3 | 74,4 | 74,4 | 1 881,2 | 1 881,2 |
| Other current assets | mln RUB | 0,8 | 0,4 | 0,3 | 1,5 | 1,3 |
| Current liabilities | mln RUB | 26,5 | 148,4 | 104,3 | 2 152,3 | 5 369,1 |
| Accounts payable | mln RUB | 22,1 | 128,9 | 62,9 | 2 131,5 | 5 301,9 |
| Other current liabilities | mln RUB | 4,4 | 19,5 | 41,4 | 20,8 | 67,2 |
Working capital turnover
| Units | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Working capital turnover | days | 730,5 | 389,2 | 307,5 | 1 127,7 | 865,9 |
| Current assets turnover | days | 884,4 | 471,2 | 377,5 | 1 905,0 | 2 054,6 |
| Inventories turnover | days | 0,6 | 0,3 | 0,1 | 11,5 | 8,7 |
| Accounts receivable turnover | days | 664,9 | 354,2 | 261,9 | 959,2 | 1 107,8 |
| Current liabilities turnover | days | 153,9 | 82,0 | 69,9 | 777,3 | 1 188,7 |
| Accounts payable turnover | days | 132,8 | 70,8 | 53,1 | 755,9 | 1 174,8 |
IV.Liquidity and financial strength
Methodology for Financial strength evaluation
sustainable
satisf.
poor
crisis
| Units | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Financial strength Rating | cat. | D | D | D | C3 | D |
| Financial strength Score | point | 6,50 | 5,25 | 6,75 | 7,50 | 7,00 |
| Level of financial strength | - | crisis | crisis | crisis | poor | crisis |
| Liquidy coefficients | ||||||
| Current Ratio | - | 0,36| 1p. | 0,49| 1p. | 0,58| 1p. | 0,88| 1p. | 0,93| 1p. |
| Quick Ratio | - | 0,36| 1p. | 0,49| 1p. | 0,58| 2p. | 0,88| 3p. | 0,92| 3p. |
| Absolute Liquid Ratio | - | 0,01| 2p. | 0,07| 3p. | 0,14| 3p. | 0,11| 3p. | 0,18| 4p. |
| Indexes of financial stability | ||||||
| Financial independence ratio | - | -0,14| 1p. | -0,10| 1p. | -0,06| 1p. | -0,02| 1p. | -0,01| 1p. |
| Return indexes | ||||||
| Return on Sales | % | -27,30| 1p. | 1,96| 2p. | 4,82| 2p. | 4,72| 2p. | 2,17| 2p. |
| Resurn on Equity | % | 30,65| 4p. | -4,12| 1p. | -19,20| 1p. | -18,24| 1p. | -22,43| 1p. |
| Return on Assets | % | -3,58| 1p. | 0,48| 2p. | 1,48| 2p. | 0,65| 2p. | 0,36| 2p. |
| Indexes of economic activity | ||||||
| Accounts receivable growth rate | % | -35,47| 4p. | 54,97| 1p. | 6,06| 2p. | 371,60| 1p. | 105,11| 1p. |
| Accounts payable growth rate | % | -82,88| 4p. | 484,22| 1p. | -51,19| 4p. | 3 286,97| 1p. | 148,74| 1p. |
| Accounts receivable to Accounts payable ratio | - | 13,43| 1p. | 3,56| 1p. | 7,74| 1p. | 1,08| 3p. | 0,89| 2p. |
| Accounts receivable to Accounts payable turnovers' ratio | - | 5,01| 1p. | 5,01| 1p. | 4,93| 1p. | 1,27| 4p. | 0,94| 2p. |
V.Cash flow statement indirect method
| Units | 2012 | 2013 | 2014 | 2015 | 2016 | |
| Cash at the beginning of the period | mln RUB | 83,2 | 15,7 | 83,2 | 184,3 | 570,5 |
| Net profit | mln RUB | -56,8 | 7,6 | 31,8 | 25,0 | 25,1 |
| Amortization | mln RUB | 0,0 | 0,0 | 0,0 | 3,6 | 9,0 |
| Revaluation and deferred taxes [+] | mln RUB | 2,3 | -2,3 | 8,8 | 7,5 | 3,3 |
| Decrease in Inventories | mln RUB | 0,1 | -0,1 | 0,3 | -33,1 | 11,3 |
| Descrease in Accounts receivable | mln RUB | 162,9 | -162,9 | -27,8 | -1 810,3 | -2 415,0 |
| Increase in Accounts payable | mln RUB | -106,9 | 106,9 | -66,0 | 2 068,6 | 3 170,4 |
| Changes in other working capital | mln RUB | -15,5 | 15,5 | 22,0 | -21,8 | 46,7 |
| Net cash used in investing activities | mln RUB | 289,7 | -289,7 | -471,8 | 1 163,4 | -49,6 |
| Net cash from financial activities | mln RUB | -392,6 | 392,6 | 603,9 | -1 016,6 | 228,0 |
| Contribution to share capital [+] | mln RUB | 0,0 | 0,0 | 0,0 | 0,0 | 0,0 |
| Dividends and other distrubution of net profit [-] | mln RUB | 49,2 | 0,0 | 0,0 | 0,0 | 0,0 |
| Cash at the end of the period | mln RUB | 15,7 | 83,2 | 184,3 | 570,5 | 1 599,7 |
* This report is based upon web-open information and data including company annual reports and annual financial statements