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On profit and loss

How did small and medium-sized businesses in the Far East live in the first quarter

In the past few years it has been fashionable to talk about billions, and sometimes even trillions of rubles, which all invest and invest in the Far East, both Russian and foreign investors. But there is also a second economy in the DFO, which exists completely autonomously from the first - the one that the state is enthusiastically developing. This is the economy of a local small and medium business that has managed to grow in the specific conditions of the east of the country. EastRussia looked at what the Rosstat says about its condition.

On profit and loss
PLUS Balance
The net financial result (profit minus loss) of DFO organizations for the first two months of 2017 amounted to 111 billion 545 million rubles. For the whole of last year, it was almost 647 billion rubles. This aggregated indicator does not take into account small business entities, however, it shows the final financial result, identified on the basis of accounting for all operations of Far Eastern companies. Balance is the amount of profit (or loss) from the sale of goods, products (works, services), fixed assets, other property of organizations, as well as their income from non-trading operations *, reduced by the amount of expenses on these operations.

In this regard, it is very good that in itself the balanced result is in the black. In Russia, of course, there are no federal districts, where there would be a minus - but there are several regions. In particular, in the North Caucasus, which is why the balanced financial result there for January-February is just a little more than 10,6 billion rubles. There are no “minus” regions in the Far East, and even the Jewish Autonomous Region, which according to the 2016 results of the year, showed a minus 57 million rubles, turned out to be a “plus”. In general, the total balance of the FEFD is influenced by two regions - Yakutia and Sakhalin.

In relation to January-February 2016, the balance was increased by 60%! Life is getting better and more fun. It is obvious that the difference in the positive side is greater, the more profit organizations of the district have. In some regions, more recent data have already been calculated. So, the balance of Primorye for January-April amounted to 20,2 billion rubles. More than half of this amount was spent on transportation and storage (more than 12 billion rubles). In second place - fish (more than 5 billion rubles). 

It is not surprising that the profit of profitable organizations is growing - in January-February by 19,5%, to 125,8 billion rubles. This is comparable with the achievements of the SFD and significantly exceeds 19 billion in profits in the North Caucasus Federal District. The share of profitable organizations in the FEFD for two months 2017 of the year was 63,5%, which is lower than the average Russian indicator (65,7%), but higher than in the Urals and the South. Although in the North Caucasus the same proportion is almost 71%. At the same time, at the end of 2016, the share of profitable organizations in the DFO was higher - 71,3%. Most profitable companies in Kamchatka, and unprofitable - in Chukotka. If we return to the data for January-April, already voiced by Primstat, then we can see that in four months the profit of profitable organizations in the Primorsky Krai grew from 16 (in January-February) to 25 billion rubles. The proportion (69,6%) remained unchanged. And you can see what this proportion is calculated from. Thus, organizations are more active in agriculture (the share of 79,2%), and the most profitable ones are fishermen (94,4%) and the forest industry (91,7%). 100% profitability in Primorye in January-April was recorded with companies operating in the production of beverages, leather goods, medicines, metallurgists and in the field of leisure. Low rates of profitability - in mining (28,6%), in the production of vehicles and equipment (33,3%) and ... in scientific activities (31,3%). 

Profit of profitable organizations, January-February
  Million rubles.
In% to acc. Period 2016 years
Russian Federation 2249718 122,3
Far Eastern Federal District 125802 119,5
The Republic of Sakha (Yakutia) 33717 88,2
Kamchatka 5571 152,0
Primorsky Krai 16010 118,6
Khabarovsk Krai 17408 154,8
Amur Region 4253 72,2
Magadan region 4962 119,8
Sakhalin Region 38031 168,5
Jewish Autonomous Oblast 311 322,2
Chukotka Autonomous Okrug 5539 92,4

Accounts receivable in the Far East have returned to the level of December 2016 - more than 1,2 trillion rubles, while the volumes of growth are growing every month - in February to 126 billion rubles (a year earlier it was half as much). In general, there is nothing terrible in the debtor - it always happens, such are the market realities: it is advantageous for the buyer to purchase goods or services by installments, and it is interesting for the seller to expand his client base by offering better conditions. As a result, it appears that the products are shipped, works or services are performed, but the company has not received payment for it. And it's sad that the volumes of such debts grow - this means that the payment discipline is lame: consumers do not pay. And it is especially bad that the delay is growing. However, in general, according to NFC analysts, the situation is still in a controlled course. 

Accounts payable organizations as of the end of February increased to 1,3 trillion rubles, more than half of this amount was accumulated in the two most populated regions - Primorye and Khabarovsk Krai. And the delay increased to 96 billion rubles throughout the Far Eastern Federal District.

In some regions there are more recent data. Thus, the payables on Sakhalin at the end of May increased to 195,9 billion rubles, of which overdue accounts - 5,2 billion, or 2,7% of the total payables (at the end of April 2016 was 2,1%). Of this amount, most of the company on the island owed to suppliers (more than 3,2 billion rubles). The total amount of the delay is mainly formed in construction (1,75 billion rubles), energy (more than 1,1 billion rubles) and coal production (almost 1,1 billion rubles). 

In the Jewish Autonomy, payables at the end of April approached 3,3 billion rubles, and overdue (395 million rubles) accounted for 12% of the total amount (a year earlier it was 9,5%, at the end of March this year - 10,2%) ... Unlike Sakhalin, the organizations in the Jewish Autonomous Region were the most overdue in payments to the budget (138,4 million rubles), and only in second place - to suppliers (126,5 million rubles). The rest of the delay falls on payments to state extra-budgetary funds. Almost the entire amount of delay falls on two types of activities - the provision of electricity, gas and steam, air conditioning, and also not water supply; wastewater disposal, waste collection and disposal and pollution elimination activities. 

The volume of creditors on the Kolyma at the end of April exceeded 40,7 billion rubles, the delay was 10,5% or 4,2 billion (at the end of April 2016 was 7,1%, at the end of March - 11,7%). The lion's share of the delay (3,8 billion rubles) accounted for the payment of work to suppliers, mainly (more than 3,4 billion rubles) - in the energy sector. According to the Khabarovsk Territory, there are data for March - accounts payable exceeded 313 billion rubles, overdue - 32,9 billion (10,5%, the share is twice higher than the same period a year earlier, and higher than at the end of February - 9,1%). And the lion's share was in construction (24,4 billion rubles).

What do companies start saving when they have a growing debit and a lender? On wages. The labor market as a whole is stable. The labor force in the Far East is just over 3,34 million people, with a third of them in Primorsky Krai. Compared to the 2016 year, they were slightly smaller (3,35 million people). At the enterprises of small and medium business, according to Rosstat, slightly more than 536 thousand people work (by the way, this is much more than in the more populated NCFD). During the first three months of the year 2017, the unemployment rate rose to 6,2% or more 207 thousand people. In percent this is comparable with the Southern Federal District and the Urals, but much higher than the national average. Only the fact that in the North Caucasus (11,4%) and in neighboring Siberia (7,6%) the share of the unemployed is greater than that.

The most unemployed in the Far East in the EAO, the least - in Chukotka. Anxiety is caused by a large share in Yakutia (7,4%). At the same time, according to Rosstat, in the fourth quarter of 2016, the number of required employees for vacant jobs in the Far Eastern Federal District was only 61,5 thousand people. These data disagree with the rainbow forecasts of the ARCHK, which draws more than 120 thousand new jobs either to 2020, or to 2025 year - however, the agency lives in the future, where it will definitely be better. In principle, it's not bad - someone should think about the bright tomorrow. Rosstat takes into account the current market demand.

ПWage arrears, million rubles., On 1 June
Russian Federation 3331
Far Eastern Federal District 650,5
The Republic of Sakha (Yakutia) 42,6
Kamchatka 34
Primorsky Krai 329
Khabarovsk Krai 113,3
Amur Region 111,3
Magadan region 4,1
Sakhalin Region 16,1
Jewish Autonomous Oblast 0
Chukotka Autonomous Okrug

In addition, the state service of statistics also records significant fluctuations in arrears in wages. At 1 April, throughout the Far Eastern Federal District, this figure has slightly decreased (compared to December last year), but still was higher than 1 billion rubles. And this, by the way, is one third of the amount of delay in wages across the country! That is, the DFO in this regard is the undisputed leader in Russia. For comparison, the overdue debt in the Urals Federal District is 160 million rubles, in the NCFD - 150 million.

Almost half of the debt to the Day of Laughter was accumulated in Primorye - and this, of course, is not a reason for joy. Primorsky Krai is generally the leader of the delay in the country - this is a given, to which, it seems, it's time to get used to. In total, in the Far Eastern Federal District for 1 April was 10,3 thousand people (for 1 December there were 13,7 thousand), before which there is a wage arrears. This is almost twice as much as the same date a year earlier. Almost entirely, this whole quantity is distributed between Priamurye, Khabarovsk and Primorye.

Most of all for 1 April owed their employees the following areas of activity: processing industries (518 million rubles, almost the whole amount is in Primorsky Krai) and construction (more than 460 million rubles, mainly in the Khabarovsk Territory and the Amur Region). In agriculture in general, in the Far Eastern Federal District, 44,3 million rubles of debts to employees accumulated, in extraction of minerals - 13,7 million rubles, but all this amount falls on one Primorye. In the energy sector, the arrears for 1 April remained only in the Khabarovsk Krai, in the sphere of education - only in Sakhalin, in sewage collection - in Yakutia alone, in transport (almost 30 million rubles) in Kamchatka and Yakutia, in real estate management - Only in Yakutia and Kolyma. In fishing and fishing, in science, culture and health care, there was no salary arrears for 1 April at all.

I am glad that by June 1 in the Far Eastern Federal District we managed to almost halve the amount of delay - up to 650 million rubles, and the district in this regard was in third place in the country - after Siberia and the North-West Federal District. But still in Primorye accounted for 329 million rubles overdue! The total wage arrears in the organizations of the Kamchatka Territory (according to organizations not belonging to small businesses) exceeded 1 million rubles for 33,9 June, and in Xinxx million rubles in the Magadan Region. And compared to 4,1 May, it decreased by 1%. Debtors - just 80 people!  But on Sakhalin, by June 1, wage arrears increased by several times - up to 16,1 million rubles and increased compared to the previous month by 7,3 million rubles (or 84,3%).

Against this background, one can only rejoice at PrJSC, where there were no wage arrears at all on 1 June. And for the JAR, where the delay amounted to only ... 18 thousand rubles. And the debtors who were not paid this amount were ... two. Although in March there were more than a hundred of them, and the delay exceeded 1,1 million rubles. 

The main reason for the formation of these debts is the lack of own funds from organizations. This is typical for the whole country, and for the Far East Federal District in particular. AND leaders - the Far Eastern and Siberian regions: Primorye (329 million or more 10% of the total Russian amount), Kemerovo region (231,1 million rubles, or 7,1%), the Republic of Komi (183,8 million rubles, or 5,6%), Novosibirsk region (119,2 million rubles, or 3,7%) (113,4 million rubles, or 3,5%), the Amur region (111,3 million rubles, or 3,4%), the Republic of Crimea (105,9 million rubles, or 3,2%) and the Tomsk region (100,6 million rubles, or 3,1%). 

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