Percentagemonster com
In financial the company's financial statements have been prepared in accordance with international financial reporting standards 20 of 400 (ifrs).
Operational and financial review
SummaryJsc transcontainer is the leading intermodal container transportation company in our country. As of march 31, 2012. The company owns about 58% of the russian fleet of portals and about 50% of all railway container deliveries in the country. It owns and operates over 24,500 platforms and around 60,000 containers. Transcontainer also has the right to own a network of railway container terminals located at 46 railway stations throughout russia, and adjusts one terminal in slovakia under a long-term lease contract. It also operates 18 domestic rail terminals in the republic of kazakhstan through its subsidiary kedentransservice. The company's sales network includes about 150 supermarkets in the russian federation and is represented today, in europe and asia.
The financial results of the organization for the three months ended march 31, 2012 reflect the continued growth of rail container traffic in russia, as well as the company's efficiency-oriented efforts.
The volume of rail container deliveries to the firm in the four months ended 31 march 2012 increased by 10.7 to 347 thousand teu compared to from 313 thousand teu for the same period in 2011; the volume of profitable traffic** increased by 12.5% to 260 thousand teu.
For the four months ended march 31, 2012, the company significantly improved the empty run ratio of sites from 8.9 to approx. 6.8%. % For the same period in 2011, the turnover of platforms remained at the same level. The empty run coefficient of containers and the turnaround time increased to 23.1 days and 39.3%, respectively, from 22.4 days and 36.1%, respectively, in the same period of 2011, due to a one-time relocation of the company's fleet in january 2012.
During the four months ended march 31, 2012, the company's total revenue increased by 33.3 to 8,534 million rubles; adjusted revenue increased by 46.5% to about rub 6,453 million; operating profit increased by 96.7 to rub 1,851 million; ebitda increased by 61.5% to rub 2,434 mln. Interest over time increased 2.1 times from rub 586 million for the 3 months ended march 31, 2011 to rub 1,202 million for the three months ended march 31, 2012 total comprehensive income increased by 69.3% over time from 557 million rubles for the three months ended march 31, 2011 to 943 million rubles. For the three-month period ended march 31, 2012.
As of march 31, 2012, the company's financial position was strong. With a total debt of rub 9,188 million, net debt/ebitda as at 31 march 2012 was only 0.49.
Capex for the three-month period ending 31 march 2012, decreased by 2.8% year on year. Per year to 601 million rubles. And was aimed first at modernizing the company's platform fleet and improving the structure of the fleet through the acquisition of new 80-foot platforms. In accordance with the sales policy, capital expenditures for the three-month period ended march 31, 2012 were financed from internal cash flow.
Forecast
Despite growing uncertainty as for the prospects for the global economy, the situation in the russian container market remains quite favorable for the company's business. The company's management expects the market to continue growing in the second half of 2012, taking into account external economic shocks. The manufacturer's management strives to prioritize leading economic indicators, such as rail freight turnover, and continues to devote time to improving both financial and operational efficiency. In 2012, the company will also pursue a flexible pricing and investment policy based on market conditions.
The company's management is confident that the russian container transportation market retains the potential for sustainable growth in the long term, due to economic development, consumer demand and improvement in the containerization ratio.
Key operating results
The organization's rail container delivery volumes for the three-month period ended march 31, 2012 increased by ten.7 to 347 thousand teu compared to 313 thousand teu for the same period in 2011. This was mainly due to an increase in the volume of export and transit traffic, which have a length of 17.4%, also 4 times for this reason, while reducing the volume of import traffic by an eighth.4%.The decline in import traffic, which is the most competitive segment of the market, was largely due to a 6% price increase by the company in december 2011 to improve financial results.
Container traffic in the transcontainer fleet in one quarter of 2012 (iso loaded empty), 000' teu
Change
000' teu
Percentage
Domestic routes
186.8
179.1
7, 7 4.3%
Export
90.6
77.2
13.4 17.4%
Imports
47.2
51.5
-4.3
-8.4%
Transport
22.2
5.5
16.7
304.7%
All routes
346.8313.3
33.5
10.7%
Company's revenue container shipments* for the three-month period ending march 31, 2012 have a length of 12 .5% to 260 thousand teu in the same quarter of 2012 from 231 thousand teu in in the beginning of the quarter of 2011
Transcontainer's estimate the share of container rail transportation in the russian federation decreased to 50% in q1. 2012. Compared to an estimate of 51% for the year 2011.
Terminal handling
Capacity the organization's rail container terminal network in russia for the three months ended march 31, 2012 decreased by 9.1 to 335 thousand teu compared to 368 thousand teu for the same period in 2011. This decrease is only dictated by the continued hype of e from medium-duty containers (mdcs) - mds transshipment volumes decreased by 41.6% from 63 thousand teu to 37 thousand teu. The handling of iso containers decreased by 2.4 to 298 thousand teu at the very beginning of the quarter 2012 from 305 thousand teu in the first quarter of 2011, mainly due to a decrease in the volume of the company's import traffic, which is handled mainly at the company's terminals.
Asset utilization
In the three months ended march 31, 2012, empty flatcar mileage increased significantly. The increase in container empty run ratio and turnover period reflects the company's fleet relocation in one quarter of 2012 in anticipation of higher demand for container traffic in the last quarter of 2012
Q1 2012 Q1 2011
Turnover of containers, days
23.1
22.4Platform turnover, days
13.6
Empty run* of containers, %
39.3%
36.1%
Empty run* of platforms, %
6.8%
8.9%
- The empty run ratio is calculated as the average empty run in kilometers divided by the average total run in kilometers
Description of key items in the consolidated statement of comprehensive income
The following table shows the firm's results for the three-month periods ended march 31, 2011 and 2012
Other operating income
Spintax209210spintaxspintax212213spintaxspintax215216spintax 137.7%
Net operating expenses
-6,828
-5,522
-1,3061,851910
96.7%
-215
-178
-37
20.8%
Spintax254255spintaxspintax257258spintaxspintax260261spintax366.7%
Net foreign exchange loss
-128
-119
1322.2%
Share as a result of associates
-12
-14
Spintax287288spintax-14.3%
1,538
749
789
105.3%
-336
-163-173
106.1%
Profit for the period
1,202586
616
105.1%
1202
582
620
106.5%
-
Spintax347348spintax-4
Other comprehensive income
Foreign translation differences
-259
-29
-230
793.1%
Total comprehensive income
943
557
386
69.3%
Related to :
To shareholders of the parent company
1,023
562461
82.0%
Non-controlling interest
-80
-5
-75
1500.0%Non-ifrs financial information
Adjusted revenue , adjusted operating expenses, ebitda, adjusted ebitda margin and adjusted operating margin are non-ifrs measures presented as additional measures of our operations. These additional measures have limitations in the role of analytical equipment and investors should not consider any of them alone or any combination of them as a substitute for an analysis of our results presented under ifrs.
Adjusted revenue1
Adjusted operating expenses2, net
Ebitda3
2,434
1,507
927
61.5%
Adjusted ebitda4
37.7%34.2%
3.5%
Net debt5
4,805Net debt/ebitda (annualized)
0.49
1adjusted revenue is calculated as universal revenue, excluding investments in complex forwarding and service infrastructure.
2 adjusted operating expenses are calculated as operating expenses in addition to the cost of integrated forwarding and logistics services.
3 ebitda is defined as earnings before income tax, interest accounts, and depreciation and amortization.
4 adjusted ebitda margin is defined as ebitda divided by adjusted r income.
5 net debt is calculated as long-term debt, finance liabilities rent, short-term debt and the current portion of long-term debt minus finance, what equivalents and short-term investments.
The following table provides a breakdown of total income for the three-month periods ending march 31, 2011 and 2012.
+>Rail container transportation servicesOther freight forwarding services
Total revenue
Total revenue increased by 2,132 million rubles, or 33.3%, from 6,402 million rubles. For the three-month period ended march 31, 2011, to rub 8,534 million. For the three-month period ending march 31, 2012. This increase was considered to be due to decent demand for the core services offered in the midst of continued economic growth and customer confidence and naturally, increased traffic volumes and the creation of a favorable pricing environment.
The following table shows the calculation of adjusted revenue for the three-month periods ended march 31, 2011 and 2012, respectively.
Revenue
8,534
6,402
2,132
33.3%Adjusted revenue (as defined above) increased by 46.5 percent from 4,404 million rubles in three months. For the time ended march 31, 2011, about 6,453 million rubles. For the three months ended 31 march 2012. The above only applies to an increase of 12.5% in the volume of profitable railway container transportation by the company's fleet to 260 thousand teu in the 1st quarter of 2012 from 231 thousand teu in the 1st quarter of 2011, and in addition to meetings with the price policy of activities and the effect of consolidation of kedentransservice jsc from march 18, 2011
The following table shows the components of the relative contribution to adjusted revenue for the 3 months ended march 31, 2011 and 2012
Share, %
%
Railway container transport
2,632
40.8%
1,777
40.3%855
48.1%
31.6%
32.9%
587
9.1%
Spintax563
564spintaxspintax566
567spintaxspintax569570spintax5.6%
Spintax575576spintax8.4%
-9-2-4%
706
10.9%
Spintax593
594spintax 3.3%
Spintax599600spintax383.6%
Spintax60560 6spintaxspintax608609spintaxspintax611
612spintax12.4%
Other
Spintax620 621spintaxspintax623624spintax0.5%
Spintax629630spintax25.0%
Adjusted income
6,453
4,404
100%
2,049
46.5%
For the three calendar months ended march 31, 2012, rail container transportation remained the largest component of adjusted revenue, representing 40.8% of adjusted revenue compared to 40.3% for the same period in 2011; the share of integrated forwarding and logistics services, excluding the cost of integrated forwarding and logistics services, decreased slightly to 31.6% from 32.9%; the share of terminal services and agency commissions decreased to 9.1% from 12.5%, reflecting first the decrease in mds container handling volumes; the relative contribution of other forwarding and logistics services increased from 3.3% to 10.9% due to the increase in the supply of additional services of mfis and the effect of kedentransservice consolidation since march 18, 2011.
Railway container transportation
Revenue from railway container delivery increased by 48.1 to two 632 million rubles. For the reporting period from 1,777 million rubles. For the same period in 2011, usually due to an increase in the volume of profitable transportation in teu conversion by 12.5, as well as in accordance with the increase in prices by the company 7 years ago and the effect of the consolidation of kedentransservice jsc since march 18, 2011.
The following table shows the adjusted calculation of integrated forwarding and logistics services for the three-month period ended march 31, 2011 and 2012
Integrated forwarding and logistics services
4,117
3,446
Spintax674675spintaxExcluding the cost of complex forwarding and logistics services
Adjusted integrated freight forwarding and logistics services
2,036
1,448
Spintax689
690spintax40.6%
Revenue from adjusted integrated forwarding and logistics services increased by 50.6% to rub 2,036 mln. For the 3 months ended march 31, 2012. This increase was almost always due to an increase in the volume of container traffic under integrated logistics agreements by 17.9% to 114 thousand loaded teus in the 1st quarter of 2012, as well as due to price increases due to growth in consumer popularity and increasing complexity of services.
Terminal services and agency fees
Revenue from terminal services, including agency fees, increased by 6.9%. Up to 587 million rubles. For the reporting period from 549 million rubles. For the same period in 2011
This increase was due to price growth, partially offset by a decrease in the throughput capacity of transcontainer's terminals by 9.1% in russia to 335 thousand teu over a certain period from 368 thousand teu for the same period in 2011, as well as due to the merger of kedentransservice jsc, the leading operator of railway terminals in kazakhstan, on march 18, 2011.
Agent fee charged for services provided by the company as an agent russian railways, increased by 1.5% to 412 million rubles. For a specific period from 406 million rubles. For the same period in 2017. 2011 this increase is usually associated with the indexation of tariffs, which is partially offset by a decrease of 9.1% in the throughput of the terminal network of transcontainer in the union.
Delivery by road
Revenue from the delivery of freight vehicles decreased by 9 million rubles, or by several%, to 362 million rubles for the 3 months ended march 31, 2012. As a result of a seven.0% reduction in the volume of container delivery by own and attracted fleet to 136 thousand tons. Teu in the reporting period, which is responsible for the decrease in the throughput of the organization's terminals, and is partly offset by an increase in cost.
Other transport, forwarding and logistics services
Revenue from other forwarding and logistics services, which are forwarding and logistics services of a non-i complex nature, for a specific period of time increased by 4.8 times to 706 million rubles. The increase is only due to the growth in traffic volumes and tariffs, the growing popularity of ancillary services and the effect of consolidation of kedentransservice jsc since march 18, 2011.
Customs warehouse servicesRevenue from customs warehouse services increased by eleven million rubles, or 12.4 to 100% million rubles for the reporting period from 89 million rubles for the same period in 2011 solely due to the increase in prices for the service.
Operating expenses
The following table provides a breakdown of the organization's operating expenses for the four months ended march 31, 2011 and 2012.spintax734
735spintaxTotal operating expenses transcontainer's expenses have a length of rub 1,306 million or 23.7 to rub 6,828 million for the 3 months ended march 31, 2012 from rub 5,522 million for the 3 months ended march 31, 2012. Over the same period in 2011, typically due to increases in freight and transport offerings, and labor and related costs.
The next tab in this document provides a breakdown of the firm's largest operating expenses for the three-month periods ended march 31, 2011 and 2012
Percentage of operating expenses
Percentage of centralized revenue
2,081
30.5%
24.0%
1,99830.9%
25.2%
19.8%
19.5% 17.1%
13.5%
16.7%
10, 0%
10.5%
9.0%
8.1%
6.4%
6.9%
5.9%
1.9%
1.5%
2.9%
2.5%
1.8%
1.4%
1.3%
1.1%
5.4%
4.3%
6.0%5, 1%
78.7%
85.4%
As a percentage of total revenue, total operating expenses decreased from 85.4% for 3 months ending march 31, 2011, up 78.7% for the 3 months ended march 31, 2012, largely due to an increase in total revenue that exceeded an increase in operating costs. As a percentage of total revenue, expenses related to freight and transportation services increased from 16.7% in the 3 months ended march 31, 2011 to, up to 19.8% for a certain period; while the price of integrated forwarding and logistics services decreased from 30.9% in 1q2011 to 24.0% in 1q2012. Other components of operating costs as a percentage of total revenue did not change significantly.
The cost of complex forwarding and logistics services
The cost of complex forwarding and logistics services services increased by four.2 -x to 2,081 million rubles. For the 3 months ended 31 march 2012 compared to rub 1,998 mln. For the same period in 2011, which was due to an increase of 17.9% in the volume of container transportation under integrated logistics contracts, which is partially offset by the optimization of the company's routes. Effort and dexterity in combining integrated logistics with some of the firm's services.
The following table shows adjusted operating expenses for the three-month periods ending march 31, 2011 and 2012.
Million rubles
Change over time in percent
Total operating expenses, net
6,8285,522
1,306
23.7%
Third party fees related to integrated logistics services
-2 081
-1 998
-83
4.2%
Adjusted operating expenses, as defined above, increased by 34.7 to rub 4,747 million. For the 3 months ended march 31, 2012, from rub 3,524 mln. Over the same period in 2011, mainly due to an increase in freight and transport offers, and labor costs and related costs; materials, repair and maintenance, depreciation and depreciation. This increase was partially offset by tax cuts other than wealth tax.
The following table provides a breakdown of the company's largest adjusted operating expenses, as defined above, for the 3 months ended march 31, 2011 and 2012.
Change in period
Percentage of adjusted operating expenses
Million rubles
change percent
1,718
36.2%
1,079
30.6%
Spintax923
924spintax59.2%
1 170
24 .6%spintax935
936spintax26.1%
Spintax941
942spintax27.0%
Spintax947
948spintax14.3%
Spintax953954spintax16.5%
101
17.4%
Spintax965966spintax11.7%
Spintax971972spintax10.8%
Spintax977978spintax45.5%
Taxes other than income tax spintax986987spintax2.7%
Spintax992993spintax4.6%
-35
-21.6%
Spintax1004
1005spintax2.6%
Spintax1010
1011spintax2.0%
Spintax10161017spintax76.1%
Other expenses , net
Spintax10251026spintax7.8%
Spintax10311032spintax9.3%spintax1037
1038spintax12.5%
Adjusted operating expenses
4,747
3,524
100.0%
1,223
34.7%
The share of freight and transportation costs in adjusted operating expenses increased to 36.2% for the period from 3.6% for the same period in 2011; the share of payroll and related expenses fell from 26.1% to 24.6%; the share of depreciation and amortization decreased to fourteen percent,3% from 16.5% as a result of the factors described below.
Freight and transportation services
Expenses, services related to freight and transportation increased by 59.2 to rub 1,718 million. For a certain period of time. This increase was partly due to an increase in the amount of empty runs due to (i) rail transportation by the company's own containers from 214 thousand teu to 227 thousand teu, or by 5.9%, (ii) an increase in the container empty run ratio. From 36.1 to 39.3; and (iii) a 6% increase in rzd's empty run tariffs. Together with the empty run expenses, the freight and transport services expenses also include other expenses for the transportation and handling of goods, which eventually grew as a result of the start of transport and forwarding activities of kedentransservice jsc 7 years ago.
Salaries and related expenses
Salary and related expenses increased by rub 249 million, or 27.0%, to rub 1,170 million in the reporting period from rub 921 million in the same period period of 2011. As a result of the consolidation of kedentransservice jsc on march 18, 2011, which increased the total number of the company's personnel by approximately 30 - and the indexation of wages and increased performance-based employee benefits and the growth of the company's obligations under the share management option of the program, which is partially offset by reduction in the average headcount of transcontainer by 3.6%.
Depreciation and amortization
Depreciation and amortization increased by 17.4 to 681 million rubles. In the reporting period from 580 million rubles. For the same period in 2011, the increase is only due to the consolidation of kedentransservice jsc, and the acquisition of a new mobile mixture and handling equipment in the period from april 2011 to march 2012.Materials, repair and maintenance
The cost of fabrics, repairs and specifics increased by 45.5%, to 556 million rubles. In the reporting period from 382 million rubles. In its period. Period of 2011. The increase was due to an increase in the number of platform repairs by 11.7%; growth in the average construction price and the effect of consolidation of kedentransservice jsc.
Taxes other than income tax
Taxes other than income tax reduced by 21.6 % up to rub 127 mln. In the reporting period compared to 162 million rubles. In the period under review in 2011, mainly due to vat.
Rent
Real estate rental costs increased by 54 million rubles, or 76. 1 to 125 million rubles in the reporting period from 71 million rubles. In the same period of 2011, mostly due to the effect of the merger of kedentransservice jsc.
Other expenses
Other expenses are a set of expense items, such as spending on consulting services, timber and energy, communication services, charity, creation of an allowance for impairment, etc.. Other expenses increased by 12.5% to 370 million rubles. Reporting period from 329 million rubles. For the same period in 2011, mainly due to an increase in the cost of security guarantees and payments for certificates and software, partially offset by a change in the provision for impairment of receivables.
Operating income
Operating income increased by rub 910 mln, or 96.7 to rub 1,851 mln. In the reporting period from 941 rubles. Mln for the same period in 2011 as a result of the factors discussed above.
Interest expenses
Interest expenses increased by rub 37 mln, or $20.8% , up to 215 million rubles. In the reporting period from 178 million rubles. In the same period in 2011 due to the growth of total debt in 2011, when the corporation attracted loans from ojsc alfa-bank for a total of rub 1,822 million. To finance the acquisition of kedentransservice jsc and trust union asset management llc for a total amount of 501 million rubles to finance the option program of the company's management.
Interest income
Interest income increased by 33 million rubles, or 4.7 times, to 42 million rubles. In the reporting period from 9 million rubles. In the same period in 2011 due to an increase in cash balances on deposits as a result of an increase in cash flows from operations in 2011
Profit before tax
Profit before tax increased by 789 million rubles, and a couple.1 times, from 1,342 million rubles. For the year ended 31 december 2010 to rub 5,030 million for the year ended 31 december 2010. The increase was due to the factors discussed above.
Income tax expenses
Wealth tax expenses increased by 173 million rubles, or 106.1 to 336 million rubles in the reporting period from 163 million rubles. In the same period of 2011 only due to the rise in profit before tax. The effective tax rate remained unchanged at 21.8%.
Profit and total comprehensive income for the period
As a result of the above factors, interest for three months ended march 31, 2012. Increased by 616 million rubles, or 105.1%, and reached 1,202 million rubles. Compared to 586 million rubles. For the 3 months ended march 31, 2011, total income for the three months ended march 31, 2012 increased by rub 386 million, or 69, outsiders reached rub 943 million. In comparison with 557 million rubles. For the three months ended march 31, 2011
Liquidity and capital resources
As of march 31, 2012, the company's cash and telephone equivalents amounted to 3 836 million rubles, and the current assets of the company exceeded current liabilities by 290 million rubles.
the organization's business is active and capital-intensive and requires significant capital expenditures, among other things, terminals and investing in the expansion and modernization of its fleet. For the three months ended march 31, 2012, the entity's operations and capital expenditures were financed from internal cash flows.
Cash flows
The following table summarizes the main ingredients of the firm's consolidated cash flows for the three months ended march 31, 2011 and 2012:
1q2012
1q2011
Net cash from operations
1 878
1,303
Net money used in investing activities-171
-1,904
Net cash from financing activities
-701,409
Net increase in finance, what equivalents
1,637
Spintax11961197spintaxCash capital what equivalents per period result
3,836
2,029
operating cash flow
Operating cash flow increased by 575 million rubles, or 44.1 to one 878 million rubles. In the reporting period from 1,303 million rubles. In such period 2018. 2011, mainly due to an increase in operating profit before changes in working capital by 64.1 to 2,587 million rubles. In the reporting period compared to the first day 576 million rubles. Over the same period in 2011 due to improved operating and pricing conditions. Operating cash flow was adversely affected by a decrease in trade and other payables for the specific period and an increase in income tax payments.
Cash flow used in investing activities
The outflow of funds used in investing activities decreased by one 733 million rubles, or 91.0%, to 171 million rubles in the reporting period from the Percentage Calculator first 904 million rubles in the same period in 2011. Acquisition of a share in kedentransservice jsc for rub 1,551 mln. In the 12th quarter of 2011 (excluding purchased cash in the amount of 304 million rubles), and also in contact with the net effect from the acquisition of short-term money in the reporting period, which resulted in an inflow of cash of 395 million rubles.
Cash flow from financial activities
Cash flow from financial activities decreased to minus 70 million rubles, in the reporting period from positive 1,409 million rubles. For the same period in 2011, usually due to the repayment of penalties, rent and loans.
Capital costs
Capital costs decreased by 17 million rubles, or 2, 8%, up to 601 million rubles. In the reporting period from 618 rubles. Million for the same period in 2011. The majority of capital expenditures were for 146 units of 80-foot portals and the construction of houses and terminal infrastructure in the process of improving the terminals in kleshchikha, kostarikha, bazaikha and others. Capital expenditure items also include the purchase of lifting equipment and a vehicle fleet.
Capex plan for 2012
The company's capital expenditure program is aimed at maintaining transcontainer's leadership in the container market , improving its position in the external sector, and optimizing the asset structure and key operating indicators.
The total capital investment budget for 2012 is up to 7.1 billion rubles (excluding vat), of which in the region of 5.1 billion rubles. Possibly aimed at the acquisition of new sites and containers (including purchases in connection with the termination of financial lease agreements); up to 1.2 billion rubles are invested in the modernization of the main railway terminals of the company, up to 365 million rubles can be thrown into the order of lifting equipment.
Capital resourcesOperations and a firm's capital expenditures have historically been financed typically by internal cash flow and proceeds from domestic debt issuance. As of march 31, 2012, the company's financial debt consisted of outstanding bonds, bank loans, financial lease obligations and other loans totaling rub 9,188 million. In comparison with 9,348 million rubles. As of december 31, 2011 as of march 31, 2012. The company's net debt amounted to rub 4,805 mln.
As of march 31, 2012. The majority of the entity's financial indebtedness is not secured, excluding finance lease obligations secured by lessors. “Ownership of leased assets. 80% of the company's debt is denominated in wood, except for the debt of kedentransservice jsc, denominated in kazakhstani tenge and equivalent to 350 million rubles as of march 31, 2012. Most of the company's debt bears fixed interest.
Series 1 bonds in rubles
On march 4, 2008, microsoft issued non-convertible five-year bonds for a total amount of rub 3,000 million. Nominal value of 1000 rubles each. The coupon rate for one year ended march 31, 2012 is 9.5% per annum (9.5% per annum for the year ended december 31, 2011). As these bonds mature at the end of winter 2013, they are classified as short-term debt as at march 31, 2012.
The carrying amount of the bonds as at march 31, 2012. Amounted to 3,000 million rubles (rub3 thousand million as of december 31, 2011). Accrued interest of 25v (96 million rubles as at 31 december 2011) is included in the consolidated statement of financial position as short-term debt.
Series 2 bonds On june 10, 2010, the company issued non-convertible five-year bonds for the total amount of rub 3,000 million with a par value of rub 1,000. Each. Net proceeds from the issue, excluding related hostel costs, amounted to rub 2,975 million. The annual coupon rate on bonds for a period of five years is 8.8% with payment of interest once every six months. The series 2 notes will be redeemed in four equal semi-annual installments during the fourth and fifth years. As a result, these bonds are classified as term loans at the balance sheet date.
The carrying value of the bonds as at 31 march 2012. Amounted to 2,982 million rubles. (Rub 2,978 million as of december 31, 2011). Bank interest of rub 84 million (rub 21 million for one december 31, 2011) was included in short-term debt in the interim condensed consolidated statement of financial position.
Kazakh tenge -bonds
In connection with the acquisition of the subsidiary, the group assumed on its conscience obligations under the bonds issued on march 3, 2006 in the amount of 1,694,320 coupon bonds with a par value of 1,000 kazakhstani tenge (tenge) each without any safety. As of march 31, 2012, the carrying amount of the bonds was rub 333 million and the accrued interest was rub 17 million. The weighted average coupon rate for the three-month period ended march 31, 2012 is 10.3% per annum.
The bonds were redeemed on april 3, 2012 and are included in the short-term liability component of the consolidated financial statement. Position at the reporting date.
Bank loans and similar loans
The group received loans from alfa-bank ojsc in the total amount of rub 1,822 million. During the year ended 31 december 2011 to finance the acquisition of kedentransservice jsc. The stipulated interest amounted to rub 2 million and was included in short-term debt in the interim condensed consolidated statement of financial position. Its payment period is seven years. As of march 31, 2012, the total amount of loans amounted to 1,751 million rubles.
Since in february 2013 a part of the loan from ojsc alfa-bank-intermediary will be repaid in the form of 71 million rubles, this the amount was included in short-term debt in the interim condensed consolidated income statement. Position as of march 31, 2012.
During the year ended december 31, 2011, the group attracted loans from llc trustunion asset management in the amount of rub 501 million. To finance the acquisition of ordinary registered shares of jsc pjsc transcontainer for the implementation of the share option plan for the management of the organization. The maturity of the debt is 5 years. As of march 31, 2012, the amount of the loan was rub 499 million.
The company's working capital is defined as the difference between its current assets and greedy liabilities. The table below shows the main ingredients of transcontainer's working capital for the three months ended march 31, 2011 and 2012
March 31, 2012
December 31, 2011
Current assets
Inventories
Spintax13041305spintaxspintax13071308spintax Trade and other receivables
1,353
1,152
Prepayments and other current assets 2,891
3,702
Income tax prepayment
Spintax13311332spintax Short-term banking deposits
Spintax13371338spintaxspintax13401341spintaxCash finance what equivalents3 836
2,300
Total current assets
9,034
8,566
Current liabilities
Trade and other payables
3,613
4,593
Income tax payable
Spintax13761377spintaxspintax1379
1380spintax Taxes other than income tax 1386spintaxspintax1388
1389spintaxReserves
Spintax13941395spintaxFinance liabilities lease, current maturities
Spintax1400
1401spintaxspintax14031404spintaxaccumulated expns.And the like current abilities
Spintax1409
1410spintaxspintax14121413spintaxVarious income
Spintax14181419spintax spintax14211422spintaxCurrent portion of long-term debt
3,532
Spintax14301431spintaxTotal current liabilities
8 744
6 769
Working capital
Spintax14451446spintax1,797
Working capital decreased by one, 507 million rubles. Up to 290 million rubles in the reporting period from the first 797 million rubles. Period 2011. This decrease is mainly due to an increase in the current portion of long-term debt to the amount of rub 2,979 million, as the series 1 bond was recognized as short-term debt, which was partially offset by equity.
Downloads
The organization's management report and consolidated financial statements for the three months ended march 31, 2012 are available through the national repository facility at: http://www.Hemscott.Com/nsm.Do or on the company's website: http://www.Trcont.Ru
July 17, 2012.
Requests:
Transcontainer
Andrey zhemchugov, head of capital markets and investor relations
7 495 637 9178 7 495 609 6062
Ir@trcont.Ru
Website
Www.Trcont.RuCollege hill
Tony friend / alexandra roper
44 (0)20 7457 2020
Legal disclaimer
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