Cash flow

As at January 01, 2014, the Company’s balance was RUB 3.2 billion.

Cash from operations

Cash from operations in 2014 amounted to RUB 260.6 billion, including RUB 23.5 billion from the federal budget.

Most proceeds were from passenger transportations amounting to RUB 191.1 billion, or 73% (less transit payments).

Operations-related payments totalled RUB 244.5 billion with RUB 120.1 billion, or 49%, as payment for infrastructure services and lease of locomotives.

Net cash flows from operations amounted to RUB 16.1 billion.

Cash from operations, RUB bn

Cash flow from financing

A negative cash flow from investment in the reporting year was RUB 29.0 billion.

RUB 0.9 billion was earned on the sale of fixed assets.

Investment payments (financing of the investment programme) reached RUB 29.9 billion. Cash was also allocated to:

  • purchase rolling stock (RUB 21.1 billion);
  • upgrade the rolling stock (RUB 0.9 billion);
  • purchase equipment to retrofit the depot (RUB 0.9 billion).

Cash flow from financing

Net cash flows from financing amounted to RUB 8.8 billion.

Proceeds from financing in 2014 were RUB 21.6 billion, including:

  • RUB 13.4 billion of borrowings;
  • RUB 4.5 billion as contributions to the authorised capital.

Cash drain from financing reached RUB 12.8 billion, including:

  • interest payments on loans and credits of RUB 1.4 billion;
  • loan and credit repayment of RUB 7.2 billion.

The cash flows in JSC FPC in the reporting period totalled RUB 0.6 billion.

Cash balance as at December 31, 2014 was RUB 3.7 billion.

Balance of cash and cash equivalents on the settlement account (including short-term deposits) as at December 31, 2014 was RUB 11.2 billion.