On November 10, 2014, the General Shareholders’ Meeting of JSC FPC resolved to increase the authorised capital by allotment of 12,825,192,406 additional ordinary shares with a par value of one (1) ruble each.
An additional securities issue was needed to optimise the use of property of Russian Railways Holding.
A total of RUB 4.5 billion in cash and property worth RUB 8.3 billion was transferred to pay for the securities — 17 property items, 399 passenger rail cars, and 432 other movable property items.
During 2014, the authorised capital was increased by RUB 5.0 billion to make RUB 152.6 billion as at December 31, 2014.
In Q1 2014, JSC FPC completed the additional issue of shares worth RUB 5 billion started in 2013 (resolution registered by the Financial Markets services of the Bank of Russia on December 12, 2013 under state registration number 1-01-55465-E-002D).
FPC long-term liabilities as at December 31, 2014 amounted to RUB 15.8 billion, including credits and loans in the amount of RUB 13.3 billion.
The Company’s net assets in the reporting years grew by 5.0% to RUB 181.1 billion.
| Indices | 2012 | 2013 | 2014 | YOY change 2014 vs 2013 | Growth in 2014 vs 2013, % |
|---|---|---|---|---|---|
| Non-current assets | 178.0 | 186.8 | 206.7 | 19.9 | 110.7 |
| Current assets | 28.2 | 29.0 | 25.1 | –3.8 | 86.8 |
| Equity and provision | 162.4 | 171.8 | 180.5 | 8.7 | 105.0 |
| Long-term liabilities | 10.8 | 11.1 | 15.8 | 4.8 | 143.2 |
| Short-term liabilities | 32.9 | 32.9 | 35.5 | 2.7 | 108.1 |
