March 31, 2015, 12:52 pm / Business

Russian Railways suffered a loss of 44 billion rubles in 2014

The economic slowdown and devaluation negatively affected the company's results Vedomosti The decline in economic growth negatively affected the results of Russian Railways / D. Abramov / Vedomosti

The amount of Sberbank loans in 2014 remained almost unchanged, remaining at the level of 10 billion rubles. (during the year, 20.3 billion rubles were received and repaid). The company also needs to return these funds in 2015. About another 300 million rubles. Russian Railways will repay the Credit Agricole loan this year. Gazprombank In 2014, issued the monopoly 13.1 billion rubles, which it fully returned. By 2020, Russian Railways will have to repay the loan from Deutsche Bank, the amount of liabilities for which at the end of 2014 amounted to 10.2 billion rubles.

JSC Russian Railways (RZD) received a net loss under RAS in the amount of 44.078 billion rubles. in 2014, the company said in a report. In 2013, the company received a net profit of 740 million rubles, Interfax reports. Russian Railways' revenue in 2014 increased by 1.8% to RUB 1.402 trillion. The loss before tax amounted to 39.238 billion rubles, while in 2013 the result was positive - 19.339 billion rubles.

"Part of the company's loan portfolio is denominated in foreign currencies (dollars, euros, Swiss francs and pounds sterling). As a result of a significant depreciation of the ruble against these currencies in the fourth quarter of 2014, there was an increase in financial costs in ruble equivalent and losses from exchange rate differences arose" , - Prime quotes the report.

According to other Russian Railways materials, the freezing of the company's freight tariffs in 2014 led to a shortfall in revenue of 67 billion rubles. The continuing decline in the rate of economic growth in the country also had a negative impact on financial results, which led to a decrease in transportation volumes by 0.8% compared to 2013, the company notes.

At the same time, Russian Railways was able to balance the budget and partially compensate for the negative impact of these factors, the report says.

Previously on the topic: Deripaska’s lawyer: “Chernoy was surrounded by authorities with obschak, extorted dolya for krysha”

Since the end of 2013, Russian Railways' long-term liabilities have increased by 20.9% to RUB 805.7 billion. In particular, the item “borrowed funds” as of December 30, 2014 shows 715.7 billion rubles. Short-term liabilities increased by 38% and amounted to 524.8 billion rubles, TASS reports. VTB was the largest creditor of Russian Railways in 2014, as follows from the carrier’s reporting. In total, last year the company received 103.6 billion rubles from the bank, of which 48.4 billion rubles. was repaid within a year, Interfax reports. The remaining 55.2 billion rubles. Russian Railways must pay in 2015. As of the end of 2013, Russian Railways had no obligations to VTB.

In accordance with the investment program and financial plan of Russian Railways for 2014-2016 approved in November 2013. the company expected to receive a net profit of 100 million rubles in 2014.