Sibur company belongs to whom. How Sibur Holding became one of the largest and most important enterprises in Russia

The largest petrochemical holding in Russia. Full name - Public Joint Stock Company SIBUR Holding. The headquarters is located in Moscow (the company is registered in Tobolsk)

"History"

OJSC "Siberian-Ural Petrochemical Company" was established by the Decree of the Government of the Russian Federation of March 7, 1995. Initially, the company included the association Sibneftegazopererabotka (GPZ of Western Siberia), NIPIgazpererabotka (Krasnodar) and the Perm gas processing plant.

"Themes"

"Owners"

A controlling stake in the company (50.2%) belongs to the chairman of the board of directors of the company. 15.3% of the shares of the oil trader, 21.3% of the shares of the Deputy Chairman of the Board of the company, 13.2% of the shares of the company belong to the current and former managers holding (, and), as well as from the Deputy Chairman of the Board of Directors Alexander Dyukov. On December 17, 2015, a deal was closed for the acquisition of a 10% stake in Sibur by the Chinese company Sinopec.

But on March 1, 2016, Trust carried out a reorganization, highlighting four new companies - Gamma LLC, Omega LLC, Sigma LLC and Prime LLC. With these companies, Trust shared part of its stake in Olefininvest, leaving itself a little more than half - 33.81% (this corresponds to 24.68% of Sibur's shares): Gamma received 8.22%, Sigma and Prime - 6.85% each, Omega - 3.42% (all changes are disclosed in the SPARK-Interfax database).
All five companies that have become co-owners of Sibur are fully controlled.

"Affiliated companies"

"Management"

1. Konov Dmitry Vladimirovich
Chairman of the Board of PJSC SIBUR Holding

2. Karisalov Mikhail Yurievich
Deputy Chairman of the Management Board of PJSC SIBUR Holding, Chief Chief Operating Officer SIBUR LLC

"Board of Directors"

"News"

Sibur was offered to enter a new gas chemical project in Siberia

The Irkutsk Oil Company offered Leonid Mikhelson's Sibur to participate in the construction of a gas chemical plant in Eastern Siberia. The company estimates the total budget of the project at 456 billion rubles.

Sibur explained relations with a company associated with the Minister from the United States

Sibur, commenting on reports of possible ties with US Secretary of Commerce Wilbur Ross, said he was surprised by the "politically biased interpretation" in the published dossier on "offshore paradise"

In the "paradise offshore" found the connection of the American Minister with "Sibur"

U.S. Secretary of Commerce Wilbur Ross owns a stake in Navigator Holdings Ltd, whose ships have been chartered by the Russian petrochemical holding Sibur.

SIBUR's revenue for the first half of the year increased to 212 billion rubles.

In the first half of 2017, SIBUR's revenue increased by 8.1% and reached RUB 212 billion. This is stated in the report published by the press service of the company.

Cypriot SIXB Limited received a 10% stake in Sibur Holding PJSC

February 7th. ejnews.ru. The basis for obtaining shares is called "acquisition of a stake in the issuer," the Russian company said in a statement. The date of occurrence of the grounds, by virtue of which SIXB Limited acquired the right to dispose of 10% of the shares of Sibur, is January 25, 2017.

On this day, Sibur announced that its shareholders and the Chinese Silk Road Fund (SRF), after receiving all regulatory approvals, closed the deal to acquire a 10% stake in Sibur by the fund.

SIBUR and NBA open a ground in Tyumen reconstructed as part of a partnership to develop basketball in Russia

Tyumen, January 30, 2017. With the support of SIBUR, a sports ground for basketball competitions was reconstructed in Tyumen. The renovated hall is equipped with modern equipment in accordance with NBA world standards. The modernization of the sports hall in Tyumen is aimed at attracting more residents of the city, including SIBUR employees and their children, to basketball, one of the most popular sports in the world.

The government commission agreed on the purchase of a 10% stake in Sibur Holding by a subsidiary of the Silk Road Fund - FAS

The Government Commission for Control over Foreign Investments in the Russian Federation has agreed on a deal to acquire a 10% stake in Sibur Holding (the largest producer of liquefied hydrocarbon gases in the Russian Federation) by a subsidiary of the Silk Road Fund, the Federal Antimonopoly Service (FAS) reported.

“The Government Commission for the Control of Foreign Investments in the Russian Federation has preliminary agreed on a transaction for the acquisition by a subsidiary of the Silk Road Fund (PRC), controlled by the People’s Republic of China, of 10% of the shares of the Russian PJSC Sibur Holding,” the department said in a statement.

The wife of the new head of the FSO turned out to be a member of the board of Sibur

Spouse of director Federal Service Dmitry Kochnev’s guard is Marina Vladimirovna Medvedeva, she is on the board of Sibur, Russia’s largest petrochemical company, Fontanka wrote on Thursday, May 26. This information was confirmed to RBC by an interlocutor in the FSB. A former colleague of Medvedeva knows about the relationship between Kochnev and Medvedeva from one of her places of work.

The press service of the FSO did not respond to RBC's request sent on May 27. Rashid Nureyev, director of corporate communications at Sibur, told RBC that the company does not comment on issues related to the personal lives of top managers. Medvedev herself did not respond to RBC's request to answer questions transmitted through the company's press service.

The wife of the new head of the FSO turned out to be a member of the board of the country's largest petrochemical holding Sibur

According to RBC, last year, the wife of Dmitry Kochnev earned the most from the employees of the FSO, FSB, SVR and their families.

Journalists began looking for information about the new head of the FSO on the same day it was announced: Kochnev would replace Yevgeny Murov, who had been in charge of the department since the beginning of Putin's first presidential term. On the same day, Fontanka wrote: Marina Medvedeva, a member of the board of Sibur, is the wife of the former head of the presidential guard, and now the head of a federal department. Information about the relationship between Kochnev and Medvedev was confirmed to RBC by interlocutors in the FSB and former colleagues women in one of their former jobs.

Timchenko sold 17% of SIBUR to the son of businessman Shamalov

Businessman Gennady Timchenko sold a 17% stake in the SIBUR petrochemical holding to Kirill Shamalov, deputy chairman of the board of the company, son of Nikolai Shamalov, co-owner of Rossiya Bank and an old acquaintance of President Vladimir Putin. The deal was announced in a company statement. Shamalov's stake in SIBUR is now 21.3%, Timchenko continues to own 15.3% of the shares.

Net income of SIBUR under IFRS in the 1st quarter of 2014 increased by 3.6 times - up to 56.8 billion rubles.

Quote.rbc.ru 10.06.2014 10:55

SIBUR's net profit for international standards financial statements (IFRS) in the first quarter of 2014. increased by 3.6 times compared to the same period in 2013. and amounted to 56.8 billion rubles. This was said in a statement.

SIBUR and Gazprom Neft bought 50% of the Poliom plant

RBC 05/23/2014, Moscow 18:15:49 SIBUR and Gazprom Neft, two years after the start of negotiations, bought 50% of the Omsk enterprise Poliom from the Titan group.

Sibur will produce rubber at a joint venture with the Chinese

The Sibur company, co-owned by billionaire Gennady Timchenko (through companies controlled by him, he owns 32.3% of the company's shares), agreed with the Chinese corporation Sinopec to create a joint venture for the production of rubber. The company announced this on May 20. The agreement was signed in Shanghai during a state visit by Russian President Vladimir Putin to China.

Shareholders of SIBUR have additionally directed to dividends for 2013. RUB 6.38 billion at the rate of 2.93 rubles/share

annual general meeting shareholders of SIBUR Holding approved the decision of the Board of Directors to additionally allocate for the payment of dividends for 2013. 25% net profit according to international financial reporting standards (IFRS). This was said in a statement. In total, 6 billion 383 million rubles will be allocated for the payment of dividends. at the rate of 2.93 rubles. per share.

Foreign banks offered Sibur to pay extra for Ukrainian risks

Because of this, the holding did not agree on a syndicated loan in the amount of up to $1 billion

SIBUR: There are no problems in export deliveries in connection with the events in Ukraine

RBC 18.03.2014, Moscow 17:32:51 SIBUR sees no logistical problems with export deliveries due to the events in Ukraine. This was announced today at a press conference by the head of SIBUR Dmitry Konov, ITAR-TASS reports.

SIBUR is to publish 2013 IFRS financials on March 18.

Fitch Affirms SIBUR's Rating at BB+ Following Announcement of Stake in JV with Rosneft

02/25/2014, Moscow 10:51:09 The international rating agency Fitch Ratings has confirmed the long-term issuer default rating of JSC SIBUR Holding at BB + with a "stable" outlook, the agency said. Senior unsecured rating of 5-year bonds of SIBUR Securities Limited in the amount of $1 billion guaranteed by SIBUR and maturing in 2018. also confirmed at BB+. Short-term issuer default rating affirmed at B.

SIBUR to buy 49% stake in Yugragazpererabotka JV from Rosneft

02/21/2014, Moscow 10:23:31 SIBUR will buy out a 49% stake in the Yugragazpererabotka JV from Rosneft, bringing its own ownership to 100%. This is stated in the message of Rosneft.

Lapin from Sibur became MMK's Business Development Director

Maxim Lapin, who served as director of planning and analysis at Sibur LLC, has been appointed director of business development and performance management at OJSC Magnitogorsk Iron and Steel Works (MMK), MMK said in a statement.

Sibur sold to investors a 100% stake in Plastic for 575 million rubles

The Sibur petrochemical holding has closed a deal to sell a 100% stake in OAO Plastic (Uzlovaya, Tula Region) to a group of private investors for 575 million rubles, Interfax reports, citing a company message. Now the company plans to raise an investment…

Sibur cuts dividends by 14% amid falling net profit

The shareholders of OAO Sibur Holding approved the amount of dividends based on the results of the first half of 2013 in the amount of 2.93 rubles. per share, the company said. According to the results of work in the first half of 2012, the company paid dividends in the amount of 3.4 rubles.

Net debt of SIBUR under IFRS in the first half of 2013 grew by 9.4% - up to 90.149 billion rubles.

Net debt of SIBUR under international financial reporting standards (IFRS) in the first half of 2013 grew by 9.4% - up to 90.149 billion rubles. as of June 30, 2013 against 82.424 billion rubles. at the end of 2012 This is stated in the materials of the company. Compared to March 31, 2013 (77.928 billion rubles) net debt SIBUR increased by 15.7% by the end of the first half of the year.

Capital expenditures of SIBUR under IFRS in the first half of 2013 increased by 11.8% to RUB 36.044 billion.

SIBUR's capital expenditures under International Financial Reporting Standards (IFRS) in the first half of 2013 increased by 11.8% compared to the same period last year - up to 36.044 billion rubles. This is stated in the company's report. In the second quarter of 2013 compared to the second quarter of last year, they decreased by 28.5% to 14.537 billion rubles.

Net profit of SIBUR under IFRS in the first half of 2013. decreased by 13.9% to RUB 25.545 billion.

Net profit of SIBUR under IFRS in the first half of 2013. decreased by 13.9% to RUB 25.545 billion. This is stated in the company's report. Revenue decreased by 5% to RUB 130 billion, operating profit decreased by 13.5% to RUB 32.733 billion.

The share of L.Mikhelson and G.Timchenko's structure in SIBUR decreased from 94.5% to 82.5%.

SIBUR has received a notification from the owner of 100% of the shares of OAO SIBUR Holding about a change in the structure of beneficial ownership in the SIBUR Group. The share of indirect participation of Edain Development Inc., whose beneficial owners are Leonid Mikhelson and Gennady Timchenko, in the authorized capital of the company decreased from 94.5% to 82.5% in favor of companies owned by the current and former management of SIBUR LLC and OJSC SIBUR Holding.

Vladimir Putin will listen to business

Initially, it was planned that the president would go to visit Yuri Konov in the Gribanovsky district of the Voronezh region, Dmitry Peskov, the president's press secretary, told RBC daily. But due to the distance (about 200 km from regional center) it was decided that he would come to Voronezh himself. By his decree, Putin returned the title of Hero of Labor on March 29, and on May 1, the first five laureates were awarded it, including Yuri Konov, a machine operator with 38 years of experience.

Net profit of SIBUR according to RAS in 2012. decreased by 44.4% - to 55.268 billion rubles.

Net profit of OAO SIBUR Holding Russian standards accounting (RAS) in 2012. decreased by 44.4% - to 55.268 billion rubles. against 94.591 billion rubles. a year earlier. This is stated in the company's report.

Having changed the management of SIBUR, he no longer wants the bankruptcy of his "daughter"

» Until recently, the head of Gazprom, Alexei Miller, called the bankruptcy of SIBUR the only possible way to gain control over it. But after yesterday's meeting of SIBUR's shareholders, Gazprom's position has changed. Having established control over the "daughter", the management of the gas company is already ready to make a settlement with SIBUR's creditors.

SIBUR places 5-year Eurobonds for $1bn

01/24/2013, Moscow 12:03:57 SIBUR is placing five-year Eurobonds worth $1 billion with a spread of 300 basis points to mid-market swaps, a financial market source told RBC.

Investors believed Sibur

Sibur Holding closed the book of applications for participation in the placement of its debut Eurobonds. The volume of issue is an impressive $1 billion, and the rate of return does not exceed 3.9%.

Moody's upgrades Sibur's rating to Ba1

Sibur will buy out 25% of Zaykinsky GPP from TNK-BP

In 2013, the Sibur petrochemical holding will buy out a 25% stake in the Zaikinsky gas processing enterprise (GPP) from TNK-BP in Orenburg region, according to a joint press release from the companies.

SIBUR Holding in mid-2013 will start developing the final investment decision for the Zapsibneftekhim-2 project.

06/21/2012, St. Petersburg 09:30:58 JSC "SIBUR Holding" plans in the middle of 2013. start developing the final investment decision on the project for the construction of the Zapsibneftekhim-2 petrochemical complex in Tyumen region. This was announced to journalists by the company's president Dmitry Konov. “In the middle of 2013 we will develop the feed (design work) of the project, and after that we will start developing the final investment decision,” he said. D. Konov declined to name the estimated amount of investment in the project, and also said that today, within the framework of the St. Petersburg Economic Forum, SIBUR plans to sign a contract with Linde AD for the design of a pyrolysis plant as part of Zapsibneftekhim-2. All other agreements within the framework of the project have already been signed.

Sibur refused to build a "pipe to the Baltic"

Sibur Holding abandoned plans to build a $5 billion product pipeline from Western Siberia to the Baltic. The pipeline was conceived to transport petrochemists' feedstock - a wide fraction of light hydrocarbons (NGL) for 5.5 million tons per year.

SIBUR sold 100% of JSC SIBUR-Russian Tires

MOSCOW, January 10 - RIA Novosti. On December 29, 2011, SIBUR Holding closed a deal to sell 100% of OAO SIBUR-Russian Tires to a group of investors, including the management of SIBUR-Russian Tires and its CEO Vadim Gurinov, SIBUR said in a statement.

Sibur sells non-core assets in parts

In order to increase the return, the Sibur petrochemical holding will sell its non-core assets for the production of mineral fertilizers and the production of tires in parts. This was stated by the CEO of the company Dmitry Konov.

Gazprom, Novatek and Sibur are struggling with the problem of non-export of goods from the factories of the Ural Federal District

Gazprom, Novatek and Sibur faced the problem of non-delivery of goods railway from their factories in the Urals Federal District, Kommersant writes.

Mikhelson and Timchenko divided Sibur

The new owners of Sibur Holding were announced today by Dellawood Holdings Limited. She became the owner of 100% of the largest player in the Russian petrochemical market. At the same time, in Dellawood itself, the largest owner is the founder and head of Novatek Leonid Mikhelson, he has 57.5%. Oil trader Gennady Timchenko has 37.5%. Another 5% - from the managers of Sibur (Dmitry Konov, Mikhail Karisalov and Mikhail Mikhailov), as well as from the deputy chairman of the board of directors Alexander Dyukov.

Gennady Timchenko joins SIBUR

The main owner of NOVATEK, Leonid Mikhelson, decided to share another major project with his partner in the company, Gennady Timchenko. Together, the businessmen bought 95% of SIBUR. The remaining 5% were received by Dmitry Konov, Alexander Dyukov and two more vice-presidents of the company. At the same time, Leonid Mikhelson did not rule out the inclusion of “strategic partners of NOVATEK”, for example, the French Total, into the shareholders of SIBUR.

L. Mikhelson and G. Timchenko bought 95% of SIBUR Holding

A company controlled by NOVATEK shareholders Leonid Mikhelson and Gennady Timchenko, Dellawood Holdings Limited, acquired a 95% stake in CJSC SIBUR Holding. This is stated in the message of Dellawood Holdings Limited.

SIBUR changed owners

Cypriot Dellawood Holdings Ltd. announced the acquisition from Gazprombank of a 49.98% stake in CJSC SIBUR Holding, the largest player in the Russian petrochemical market. Together with the 100% subsidiary of Dellawood CJSC Miracle, this amounts to 100% of the authorized capital of SIBUR. Consolidation of 100% of Dellawood was previously allowed by the Russian Federal Antimonopoly Service.

Battle for Sibur

What prevented him from turning around in the oil sector is hard to say. Either beckoned by new prospects, or weighed down by old worries. The fact is that on December 20, 1998, the Prosecutor General's Office opened a criminal case on the fact of embezzlement from the state oil company Rosneft (which acted as a guarantor for the supply of oil from Kazakhstan) about 20 million dollars. In 1995, the offshore company Rosetto Hendels GmBH, controlled by Yakov Igorevich, did not pay for the oil delivered to it. The case was then put on the brakes, but in the course of an additional check by the GUEP of the Ministry of Internal Affairs, it turned out that the co-owner of the Liechtenstein company, along with Goldovsky, is ... Alexander Pushkin, First Deputy Chairman of the Board of Gazprom! It was Pushkin, as they say in Gazprom, who insisted on the allocation of the same $120 million loan for the purchase of Sibur, which, by the way, has not yet been returned to Gazprombank.

SIBUR in 2012 plans to process 19 billion cubic meters. m APG

In 2012 SIBUR Holding enterprises plan to process 19 billion cubic meters of associated petroleum gas (APG). This was announced by the senior executive vice president of the company Vladimir Razumov, Rupec.ru writes.

A strategic partner by selling 10% of its shares to the Chinese Sinopec for $1.338 billion (estimation of the head of the FAS Igor Artemyev). Based on this deal, Michelson's entire stake in Sibur could cost $5.7 billion, and the stake transferred to four new LLCs (18.5% of Sibur) could cost $2.48 billion.

A government commission has given Sinopec permission to buy up to 20% of Sibur's shares. Whether the Chinese corporation is going to increase its stake in the company is unknown. The Sinpec press service did not respond to RBC's request.

Volga Group representative Gennady Timchenko ( owns 14.2% of Sibur ) said that the company did not receive and did not consider offers to buy part of Michelson's stake in the petrochemical holding. Representative of another largest co-owner of Sibur - Ladoga Management Kirill Shamalova (20.9%) - said that he was also not offered to increase his stake in the company. The FAS has not yet received applications for the purchase of new co-owners of Sibur (Gamma, Omega, Sigma and Prime), a representative of the department said.

Now funds are needed for another Michelson project - Yamal LNG, a subsidiary of NOVATEK. In an interview with the Russia 24 TV channel, Mikhelson said that he expects within "the next two or three months” in full “close the issue” of external financing - to sign loan agreements with banks. According to him, now $13 billion has been invested in the project (including $2.4 billion from the National Welfare Fund), and the total investment is estimated at $27 billion, that is, about $14 billion more is needed.

NOVATEK itself does not need loans (in 2016, the company must repay 106.6 billion rubles of debt, but credit lines for 50 billion rubles and $300 million have already been opened for it, which it has not yet used), and Yamal LNG is negotiating a project financing, and NOVATEK's management has long promised to sign a deal with banks, says Alexander Kornilov, senior analyst at Aton Investment Company. However, it is unlikely that this will require collateral from Michelson, because negotiations are underway with a consortium of banks and project financing does not involve collateral from shareholders, he makes a reservation. Kornilov suggests that Michelson might need the funds for personal projects.

A representative of Sberbank, one of NOVATEK's largest creditors, declined to comment. The representative of another creditor - Gazprombank - has not yet responded to RBC's request.

Last week, Mikhelson for the first time was the richest Russian, according to Forbes magazine, with a fortune of $ 14.4 billion, he took 60th place in the world ranking. Over the year, the businessman's fortune increased by $2.7 billion, largely due to the appearance of the first public assessment of Sibur after the deal with Sinopec. On this deal, the businessman could earn about $940 million - after the appearance of Sinopec, his share in the petrochemical holding decreased from 50.2% to 43.2% (his representative did not comment on this).

Sibur Holding is the largest petrochemical holding in Russia. Full name — Public Joint Stock Company SIBUR Holding. The headquarters is located in Moscow (the company is registered in Tobolsk).

In 1998, the company was privatized, Gazprom became the largest shareholder of the holding, but the real control over production and economic activities was transferred to the Gas and Petrochemical Company of Yakov Goldovsky. During 1998-2001, the company incorporated a significant part of Russia's petrochemical assets and became the country's largest petrochemical holding.

At the end of 2001, the company's management, headed by Yakov Goldovsky, attempted to dilute Gazprom's share in the company's authorized capital by carrying out an additional issue of ordinary shares, and earlier tried to withdraw Sibur's petrochemical assets from the legal control of the company. In response to this OAO "Gazprom" in March 2002 initiated the bankruptcy proceedings of the company.

The process of negotiations with creditors regarding the terms of debt restructuring lasted more than six months and ended on September 10, 2002 with the signing of a settlement agreement. According to some reports, the decisive factor in this was the forceful pressure and the subsequent arrest of the then co-owner of Sibur, Yakov Goldovsky (the arrest was carried out in the reception room of the chairman of the board of Gazprom, Alexei Miller). After the transfer of Sibur shares to Gazprom, Goldovsky was released, lived in Austria for some time, but then returned to the Russian petrochemical business (Dzerzhinsky enterprise Korund).

In 2002, in order to organize the centralized marketing of the products of Sibur's tire enterprises, LLC SIBUR - Russian Tires was established. For three years, from 2002 to 2005, the company systematically developed its sales and production activities and in the spring of 2005 brought to the market its first "named" products - tires under trademarks Cordiant and Tyrex. In February 2007, the company changed its organizational form and acquired its current name JSC SIBUR - Russian Tires.

In July 2005, SIBUR established JSC AKS Holding (whose successor is today's SIBUR) to "clear" the holding from debts in the amount of 60 billion rubles, most of which are due to the parent company. The shares of 26 petrochemical enterprises belonging to SIBUR were transferred to the balance of this OJSC. In December 2005, AKS Holding was renamed SIBUR Holding.

In 2007, Gazprom sold the shares of Sibur to Gazfond as part of an exchange for energy assets owned by this structure. Both Gazprombank and Gazfond also withdrew from the Gazprom group.

In 2008, Sibur planned to merge SIBUR - Russian Tires with Amtel-Vredestein, but the deal did not take place due to the crisis. At the end of December 2011, Sibur completely parted with control over OAO SIBUR - Russian Tires, selling 75% of the shares to the company's management, and the remaining shares to partners CEO Gurinov's company.

On December 3, 2010, Gazprombank announced the sale of 50% of the company by Gazprombank to the structures of Leonid Mikhelson, co-owner and chairman of the board of the gas company Novatek.

In September 2011, after receiving permission from the FAS, Michelson's structures bought more shares and his share exceeded 50%.

At the end of 2011, SIBUR sold its assets in the mineral fertilizer business to Uralchem (Minudobreniya, Perm) and Siberian Business Union (Azot, Kemerovo, and Angarsk Nitrogen Fertilizer Plant, Perm). Angarsk).

In November 2011, Sibur Limited became a 100% shareholder of Sibur, the ultimate beneficiaries of which are the shareholders of OAO Novatek: Leonid Mikhelson and Gennady Timchenko. The beneficiaries of the remaining 5.5% of the authorized capital of Sibur Limited were Sibur's managers Dmitry Konov, Mikhail Karisalov, Mikhail Mikhailov, as well as Alexander Dyukov, Deputy Chairman of the Board of Directors. In 2013, the main shareholders of Sibur reduced their stake in the company to 82.5%, while the share of the current and former management increased to 17.5%.

In 2014, the structure, founded and owned by SIBUR Deputy Chairman of the Management Board Kirill Shamalov, acquired a 17% stake in SIBUR, which was previously owned by Gennady Timchenko.

On December 17, 2015, a deal was closed for the acquisition of a 10% stake in Sibur by the Chinese company Sinopec, which valued the entire Russian company at $13.4 billion.

The company's revenue under IFRS in 2015 amounted to 380 billion rubles, EBITDA - 136 billion rubles. The total investment of the company in 2015 amounted to 84.4 billion rubles.

Send your good work in the knowledge base is simple. Use the form below

Students, graduate students, young scientists who use the knowledge base in their studies and work will be very grateful to you.

Hosted at http://www.allbest.ru/

ANNOTATION

This paper presents the organizational, legal and economic characteristics of PAO SIBUR Holding. The company belongs to the oil and gas industry.

The purpose of the course work is to analyze the financial and economic condition of PJSC SIBUR Holding.

Objectives of the course work:

1) Evaluate the main indicators activities of PJSC"SIBUR Holding";

2) Consider the composition and structure of the balance sheet of PJSC SIBUR Holding;

3) Analyze the liquidity and solvency of PJSC SIBUR Holding;

4) Analyze the structure of income and expenses of PJSC SIBUR Holding.

economicfinancialsolvencyprofitability

INTRODUCTION

CHAPTER 1. GENERAL DESCRIPTION OF PJSC SIBUR Holding

1.1 The history of the creation and development of the enterprise

1.2 Purpose and activities of the organization

1.3 Legal status

1.4 Structure of the organization

CHAPTER 2. ANALYSIS OF THE FINANCIAL AND ECONOMIC ACTIVITIES OF PJSC SIBUR Holding

2.1 Composition and structure of the balance sheet

2.2 Financial stability of the enterprise

2.3 Liquidity and solvency of the enterprise

2.4 Profitability

CONCLUSION

REFERENCES

APPENDIX A

INTRODUCTION

The oil industry is a branch of heavy industry, including exploration of oil and oil and gas fields, drilling of wells, production of oil and associated gas, and pipeline transportation of oil. In terms of proven oil reserves in 1992, Russia ranked second in the world after Saudi Arabia, in whose territory a third of the world's reserves are concentrated. Of these, the reserves of Russia - 20.2 billion tons. The reserves of the former USSR in 1991 amounted to 23.5 billion tons.

The oil industry is engaged in the extraction and transportation of oil, as well as the extraction of associated gas. Russia has rather large explored oil reserves (about 8% of the world's - the sixth largest in the world).

The resources of the Volga-Ural oil and gas province have been studied and developed the most. Here are large deposits: Romashkinskoye - in Tataria, Shkapovskoye and Tuymazinskoye - in Bashkiria, Mukhanovskoye - in the Samara region. and etc.

The main oil resources are concentrated in the West Siberian oil and gas province. Since 1960, the Shaim, Surgut and Nizhnevartovsk oil regions have been delineated here, where such large fields as Samotlor, Ust-Balyk, Megionskoye, Yuganskoye, Kholmogorskoye, Variegonskoye and others are located.

PJSC SIBUR Holding is one of the representatives of the oil and gas industry.

The subject of study of this course work includes questions: the history of the creation and development of the enterprise, the purpose and types of activities, organizational and legal status, the structure of the enterprise, sectoral features of the functioning of the organization, fixed assets and working capital of the enterprise, labor and wages.

The purpose of this course work is to analyze the financial and economic condition of PJSC SIBUR Holding.

Objectives of the course work:

1. analyze and evaluate the dynamics of the composition and structure of the sources of assets and liabilities of PJSC SIBUR Holding;

2. analyze and evaluate the dynamics of the composition and structure of non-current and current assets of PJSC SIBUR Holding;

3. evaluate the liquidity of the balance sheet of the PJSC SIBUR Holding company;

4. determination of the degree of coverage for assets and liabilities of the balance sheet, solvency and dynamics of the asset structure of the organization PJSC SIBUR Holding.

This work is divided into two parts. The first one shows general characteristics enterprises, organizational structure, types and goals of activity. The second part of the work presents a horizontal, vertical analysis of the company's reporting, an analysis of the liquidity and solvency of PJSC SIBUR Holding.

1. GENERALCHARACTERISTICORGANIZATIONS

1.1 HistorycreationAnddevelopmentorganizationsPAOSIBURHolding"

In 1998, the company was privatized, Gazprom became the holding's largest shareholder, but the real control over production and economic activities was transferred to Yakov Goldovsky's Gas and Petrochemical Company. During 1998-2001, the company included in its structure a significant part of Russia's petrochemical assets and became the country's largest petrochemical holding.

At the end of 2001, the company's management, headed by Yakov Goldovsky, attempted to dilute Gazprom's share in the company's authorized capital by carrying out an additional issue of ordinary shares, and earlier tried to withdraw Sibur's petrochemical assets from the company's legal control. In response to this OAO "Gazprom" in March 2002 initiated the bankruptcy proceedings of the company.

In July 2005, Sibur established OAO AKS Holding to "clear" the holding from debts in the amount of 60 billion rubles, most of which are debts to the parent company. The shares of 26 petrochemical enterprises belonging to Sibur were transferred to the balance of this OJSC. In December 2005, AKS Holding was renamed Sibur Holding.

In 2008, Gazprom sold the shares of Sibur to Gazfond as part of an exchange for energy assets owned by this structure. Both Gazprombank and Gazfond also withdrew from the Gazprom group.

Share capital reorganization - On December 23, 2010, Gazprombank announced the sale of 50% of the company by Gazprombank to the structures of Leonid Mikhelson, co-owner and chairman of the board of the Novatek gas company.

In September 2011, after receiving permission from the FAS, Michelson's structures bought more shares and his share exceeded 50%.

In 2014, the structure, founded and owned by SIBUR Deputy Chairman of the Management Board Kirill Shamalov, acquired a 17% stake in SIBUR, which was previously owned by Gennady Timchenko. SIBUR's share capital structure as of September 5, 2014: Leonid Mikhelson - 50.2% Kirill Shamalov - 21.3% Gennady Timchenko - 15.3% Current and former management of SIBUR (excluding the share of Kirill Shamalov) - 13.2%

Tire business - in 2002, in order to organize the centralized marketing of the products of Sibur's tire enterprises, SIBUR - Russian Tires LLC was established. Within three years, from 2002 to 2005, the company systematically developed its sales and production activities and in the spring of 2005 brought its first "named" products to the market - tires under the trademarks "Cordiant" and "Tyrex". In February 2007, the company changed its organizational form and acquired its current name OAO SIBUR - Russian Tires.

Mineral fertilizers - at the end of 2011, SIBUR sold its assets in the mineral fertilizer business to Uralchem (Minudobreniya, Perm) and Siberian Business Union (Azot, Kemerovo, and Angarsk Nitrogen Fertilizer Plant) , Angarsk).

Mergers and Acquisitions - On December 2, 2009, Sibur acquired a 50% stake in Biaxplen LLC, the largest producer of BOPP film in Russia. Biaxplen is the largest consumer of polypropylene produced by the holding. In the fall of 2010, Sibur acquired and consolidated with Biaxplen the polymer business of Novatek - the production of polymer film in the Samara region.

In July 2010, Sibur, through its subsidiary, Siburenergomanagement, acquired a 7% stake in Mezhregionenergosbyt.

On July 28, 2011, Sibur acquired a 100% stake in OAO Akrilat, the only Russian manufacturer acrylic acid and its esters.

Change in the share capital structure of PJSC SIBUR Holding

Moscow, September 5, 2014. SIBUR LLC received a notification that Yauza 12 LLC acquired a 17% stake in SIBUR Holding OJSC, the beneficial owner of which was G.N. Timchenko.

The sole founder and owner of Yauza 12 LLC is K.N. Shamalov, Deputy Chairman of the Board of SIBUR LLC.

Prior to the conclusion of this transaction, K.N. Shamalov was already the owner of shares in SIBUR Holding, having previously acquired a stake under the incentive program for former and current SIBUR managers. Thus, the total share of ownership of K.N. Shamalov is currently 21.3% of the shares of OAO SIBUR Holding.

§ L.V.Mikhelson - 50.2%

§ K.N. Shamalov - 21.3%

§ G.N. Timchenko - 15.3%

The current and former management of OAO SIBUR Holding (excluding the share of K.N. Shamalov) - 13.2%

1.2 TargetAndkindsactivitiesPAOSIBURholding»

The main goal of the Society is commercial organization, is to make a profit.

Activity indicators:

Processing more than half of Russian associated petroleum gas, Sibur produces more than a quarter of all liquefied hydrocarbon gases in Russia, from 30 to 49% different types synthetic rubbers, a sixth of all Russian polyethylene, as well as a significant part of other petrochemical products. The total number of employees at the enterprises of the holding is over 25 thousand people (2014).

The company's revenue under IFRS in 2014 amounted to 361 billion rubles, net profit - 25.1 billion rubles.

The total investment of the company in 2014 amounted to 67.7 billion rubles. The largest investment projects completed in 2014: commissioning of the complex for PVC production RusVinyl, launch of HFC-2 in Tobolsk and the product pipeline from the Purovsky Plant to Tobolsk-Neftekhim. In 2014, the construction of the ZapSibNeftekhim complex in Tobolsk began. This is the largest petrochemical project in Russia since 1991. The complex will become largest enterprise petrochemistry in Russia.

Joint projects:

· IN In 2007, on a parity basis with SolVin (a joint venture of Solvay and BASF), RusVinyl LLC was established, the main task of which is the construction of a PVC production plant in Kstovo.

· In 2010, the largest private Indian company RELIANCE INDUSTRIES and Sibur agreed to establish a joint venture to produce butyl rubber in India. In February 2013, the companies started building the plant.

· In 2011, China Petroleum and Chemical Corporation (Sinopec Corp.) and Sibur entered into a Memorandum of Understanding on the possible establishment of two joint ventures for the production of nitrile rubber in Krasnoyarsk (Russia) and Shanghai (China).

NPP Neftekhimiya - a plant for the production of polypropylene brand "Kaplen" (Moscow, Moscow Oil Refinery)

1.3 Organizational and legalstatmustachePAOSIBURholding»

The object of study in term paper created in the form of an open joint stock company. In accordance with Civil Code Russian Federation, a joint-stock company is a company authorized capital which is divided into a certain number of shares; members joint-stock company(shareholders) are not liable for its obligations and bear the risk of losses associated with its activities to the extent of the value of their shares.

The Company is a legal entity and owns separate property recorded on its balance sheet, can acquire and exercise property and personal non-property rights on its own behalf, make any transactions permitted by law on its own behalf, incur obligations, be a plaintiff and defendant in a court of general jurisdiction, arbitration tribunal and arbitration tribunal.

Rights and obligations legal entity The Company acquires from the date of its state registration.

1.4 XcharacteristicsstructuresPAOSIBURholding»

In theory, the structure of an enterprise is understood as the composition and correlation of its internal links: workshops, sections, laboratories and other divisions that make up a single economic object. Distinguish between general, production and organizational structure enterprises.

The general structure of an enterprise is understood as a complex of production and non-production units, their connections and ratios in terms of the number of employees, area, and throughput.

At the same time, production units include workshops and sections in which the main products, materials, semi-finished products, spare parts are manufactured, different kinds energy, various types of repairs are carried out.

The organizational structure of enterprise management is an ordered set of management services, characterized by certain relationships and subordination. A group of managers and specialists who are responsible for the development and implementation management decisions, constitutes the apparatus of enterprise management.

As of December 31, 2014, the assets under the control of the Company were distributed among three business units - directorates:

Directorate of hydrocarbon raw materials

Directorate of Synthetic Rubbers

Directorate of Plastics and Organic Synthesis

Each of the directorates is responsible for the production and financial results of the enterprises supervised by it and the total financial result of the Company for the entire range of products located in its area of responsibility.

In addition, PJSC SIBUR Holding established two property-based and operationally independent holding companies for the production of tires and rubber products (JSC SIBUR - Russian Tires) and a holding company for the production of mineral fertilizers (JSC SIBUR - Minudobreniya).

The holding for the production of tires and rubber products was created on the basis of OAO SIBUR - Russian Tires. This holding includes the following enterprises:

JSC "Omskshina"

JSC "Yaroslavl Tire Plant"

OJSC "Ural Tire Plant"

JSC "Voltyre-Prom"

JSC Saransk Rezinotekhnika Plant

JV CJSC Matador-Omskshina

OAO Sibur-Volzhsky

OJSC "Volzhsky Nitrogen-Oxygen Plant"

The holding for the production of mineral fertilizers was created on the basis of the Open Joint Stock Company SIBUR - Mineral Fertilizers (JSC SIBUR - Minudobreniya). As of December 31, 2014 This holding includes the following companies:

§ OAO Azot, Kemerovo

§ JSC " mineral fertilizers”, Perm

§ ZAO Angarskaya Saltpeter

§ OOO Angarsk Nitrogen Fertilizer Plant

§ SMU Biysk LLC

§ SMU-Angarsk LLC

§ SMU-Perm LLC

§ OOO SMU-Tyumen

This structure allows you to combine centralized coordination of activities with decentralized management, in accordance with which powers are transferred to the level of directorates to address current and a number of tactical issues (for example, those related to the choice of buyers of products and suppliers of raw materials, as well as ensuring stable operation production capacity). PJSC structure SIBUR Holding see APPENDIX A.

2. ANALYSISFINANCIAL AND ECONOMICACTIVITIESPAOSIBURHolding"

2.1 CompositionAndstructurebalance

The analysis of financial and economic activity plays an important role in improving the economic efficiency of the organization, in its management, in strengthening its financial condition. He is economics, which studies the economics of organizations, their activities in terms of assessing their work on the implementation of business plans, assessing their property and financial condition and in order to identify untapped reserves to improve the efficiency of organizations.

Analyzing financial statements, you can use various methods(both logical and formalized). But the most commonly used methods of financial analysis include horizontal and vertical analysis.

Vertical analysis - presentation of the financial report in the form of relative indicators. This representation allows you to see the share of each balance sheet item in its total. Mandatory elements of the analysis are the time series of these values, through which you can track and predict structural changes in the composition of assets and their sources of coverage.

Thus, two main features of vertical analysis can be distinguished:

The transition to relative indicators allows for a comparative analysis of enterprises, taking into account industry specifics and other characteristics;

Relative indicators smooth out the negative impact of inflationary processes, which significantly distort the absolute indicators of financial statements and thus make it difficult to compare them in dynamics.

Horizontal Analysis balance is to build one or more analytical tables in which absolute balance sheet indicators are supplemented by relative growth (decrease) rates. The degree of aggregation of indicators is determined by the analyst. As a rule, the basic growth rates are taken for a number of years (adjacent periods), which makes it possible to analyze the change in individual balance sheet items, as well as to predict their value.

Horizontal and vertical analysis complement each other. Therefore, in practice, it is possible to build analytical tables that characterize both the structure of the reporting of the financial form and the dynamics of its individual indicators. According to the balance sheet, the dynamics and structure of assets and liabilities of PJSC SIBUR Holding was analyzed. Table 1 presents data on the property status and sources of financing of the organization's assets in 2012-2013.

Table 1 - Data on the property status and sources of financing of the organization's assets for 2012-2013

Based on the data in the table, we can say that the balance sheet at the end of the year increased. In 2013 there was a noticeable increase in intangible assets, deferred tax assets and other non-current assets. The share of non-current assets decreased by 7.12%, while the share of current assets increased by 7.12% due to an increase in receivables, cash and other current assets.

Table 2 - Data on the property status and sources of financing of the organization's assets for 2013-2014

Based on the data in the table, we can say that the balance sheet at the end of the year increased significantly, in 2014 such indicators as financial investments, other non-current assets, stocks, cash and other current assets. The share of financial investments for 2014 increased by 104,311,958 rubles. There is also a tendency to increase long-term liabilities due to borrowed money, the proportion of an increase for 2014 of 18.09%.

Table 3 - Dynamics and structure of non-current assets of the enterprise for 2012-2013

Table 4 - Dynamics and structure of non-current assets of the enterprise for 2013-2014

In general, the enterprise for 2012-2014 saw significant changes in the structure of non-current assets. There is a noticeable increase in other non-current fixed assets. As can be seen from tables 3 and 4, the total value of non-current assets of the enterprise increased in 2014 by 107,138 thousand rubles.

Table 5 - Dynamics and structure of current assets of the enterprise for 2012-2013

Table 6 - Dynamics and structure of current assets of the enterprise for 2013-2014

In the structure of current assets of the enterprise for 2012-2014, there was a significant increase in cash and reserves, however, receivables decreased in 2014.

Table 7 - Dynamics and structure of capital and reserves of the enterprise for 2012-2013

Table 8 - Dynamics and structure of capital and reserves of the enterprise for 2013-2014

The dynamics of capital is an important measure of the effectiveness of the production and commercial activities of an enterprise. In 2012-2013, one can see that there was a noticeable increase in capital and reserves, but by 2014 it decreased due to uncovered loss.

Table 9 - Dynamics and structure of the enterprise's liabilities for 2012-2013

Table 10 - Dynamics and structure of the company's liabilities for 2013-2014

After analyzing the directions of use financial resources PJSC "SIBUR Holding" we can say that in general, the dynamics and structure of liabilities is negative. There was an increase in accounts payable, long-term liabilities exceed short-term ones, which negatively affects the enterprise.

2.2 FinancialsustainabilityPAOSIBURHolding"

Financial stability-is the stability of the financial position of the enterprise, provided by a sufficient share of equity capital as part of the funding sources. A sufficient share of equity capital means that borrowed sources of financing are used by the enterprise only to the extent that it can ensure their full and timely return. From this point of view, short-term liabilities should not exceed the value of liquid assets in amount.

In this case, liquid assets are not all current assets that can be quickly turned into money without significant loss in value compared to the balance sheet, but only a part of them. Liquid assets include stocks and work in progress. Their conversion into money is possible, but it will disrupt the smooth operation of the enterprise. We are talking only about those liquid assets, the transformation of which into money is a natural stage of their movement. In addition to cash and financial investments, this includes receivables and inventories. finished products intended for sale.

The share of the listed elements of current assets in the total value of the company's assets determines the maximum possible share of short-term borrowings as part of the sources of financing. The rest of the asset value must be financed from equity or long-term liabilities. Based on this, the sufficiency or insufficiency of own capital is determined. Two conclusions follow from the foregoing.

1. The necessary (sufficient) share of equity capital in the composition of funding sources is individual for each enterprise and for each reporting or planning date; it cannot be judged by any normative values.

2. A sufficient share of equity in the composition of funding sources is not its maximum possible share, but a reasonable one, determined by an appropriate combination of borrowed and own sources corresponding to the asset structure.

For analysis financial stability traditionally used a number of coefficients. They show the level of financial stability to a certain extent, but do not answer the question of whether such a level is sufficient. Their calculation is made according to the indicators of the planned or actual balance of assets and liabilities. The level of coefficients can serve as a starting point for assessing financial stability, however, with some reservations and clarifications.

Table 11 - Dynamics of indicators of the financial stability of the organization (according to Form No. 1) for 2012-2013

Table 12 - Dynamics of indicators of the financial stability of the organization (according to Form No. 1) for 2013-2014

Analysis of table No. 12 shows that the coefficient of autonomy (financial independence) for the analyzed period tends to decrease - the share of equity is reduced in the balance sheet. Despite this, the share of equity capital is quite high and amounts to 45%. Therefore, the financial stability of this organization can be considered high.

The financial dependence of the organization at the end of 2014 increased by 15% compared to the previous year. At the beginning of the year, credits and loans in the balance sheet amounted to 40%, and at the end of the year 55%.

Significant reduction in own working capital maneuverability coefficient by 52%.

Analyzing table No. 1 for 2012-2013, one can see the reverse dynamics of the decrease and increase in the coefficients.

2.3 LiquidityAndsolvencyenterprises

The liquidity of the balance sheet is the degree to which the company's liabilities are covered by assets, the term for converting them into cash corresponds to the maturity of the liabilities. The solvency of the enterprise depends on the degree of liquidity of the balance sheet.

Depending on the degree of liquidity, i.e. ability and speed of transformation into cash, the assets of the enterprise are divided into the following groups.

The most liquid assets (A1) are cash and short-term financial investments.

The funds are ready for payment and settlement at any time, therefore they have absolute liquidity. Securities and other short-term financial investments can be sold on the stock exchange or other entities, and therefore also belong to the most liquid assets.

Marketable assets (A2) - receivables, payments on which are expected within 12 months after the reporting date and other current assets.

The liquidity of funds invested in receivables depends on the speed of payment documents in banks, the timeliness of bank documents, the terms for providing commercial loans to buyers, their solvency, and forms of payment.

Slowly realizable assets (A3) - inventories, value added tax on acquired values. Future expenses are not included in this group.

The liquidity of this group depends on the demand for products, their competitiveness, etc.

The first three groups of assets can constantly change during the production and commercial period and are current assets of the enterprise. They are more liquid than the rest of the property.

Hard-to-sell assets (A4) - non-current assets and receivables, payments on which are expected more than 12 months after the reporting date.

Fixed assets and other non-current assets acquired for the organization of the production and commercial process are characterized by a long period of use and are subject to sale in the event of liquidation of the enterprise during bankruptcy proceedings.

Depending on the increase in the maturity of obligations, liabilities are grouped as follows.

The most urgent obligations (P1), the repayment of which is possible within a period of up to three months. These include accounts payable, debt to participants (founders) for the payment of income.

Short-term liabilities (P2), the repayment of which is expected within a period of three months to a year. They include short-term loans and loans, provisions for future expenses and other short-term liabilities

Long-term liabilities (P3), the repayment of which is planned for a period of more than one year. These include long-term loans and borrowings.

Permanent liabilities (P4) - statutory, additional, reserve capital, retained earnings (loss), deferred income. To maintain the balance of assets and liabilities, the total of this group should be reduced by the amount under the item “Deferred expenses”.

The balance is considered to be absolutely liquid if the following inequality is satisfied:

A1? P1; the most liquid assets equal or cover the most urgent liabilities;

A2? P2; realizable assets equal or cover short-term liabilities;

A3? P3; slow-moving assets equal or overlap long-term assets;

A4? P4. permanent liabilities are equal to or cover hard-to-sell assets.

If the first three inequalities are met, then the fourth inequality is necessarily fulfilled, which has the following economic meaning - the presence of the enterprise's own working capital, i.e. compliance with the minimum condition of financial stability.

Failure to fulfill one of the first three inequalities indicates a violation of the liquidity of the balance. At the same time, the lack of funds in one group of assets is not compensated by their excess in another group, since in a real situation less liquid assets cannot replace more liquid ones (i.e. compensation can only be in terms of cost).

It should be noted that in most cases the achievement of high liquidity is contrary to the provision of higher profitability.

Analysis of the liquidity of the balance sheet is presented in tables 13, 14 and 15.

Table 13 - Degree of coverage for the respective groups of assets and liabilities of the balance sheet for 2012

Table 14 - Degree of coverage for the respective groups of assets and liabilities of the balance sheet for 2013

Table 15 - Degree of coverage for the relevant groups of assets and liabilities of the balance sheet for 2014

The data in the tables indicate that in 2012 the balance sheet is liquid, because condition A4? P4 is met, but in 2014 the company did not have absolute liquidity, since from necessary conditions A1? P1; A2? P2; A3? P3; A4?P4 ratios A2 and P2, A3 and P3, A4 and P4 do not match.

Table 16 - Dynamics of groups of liquid assets for 2012-2013

Table 17 - Dynamics of groups of liquid assets for 2013-2014

A1 - cash and financial investments, the growth for 2014 was 31.52%, which has a positive effect on the organization, accounts receivable decreased, inventories increased.

Table 18 - Dynamics of the organization's liabilities by maturity for 2012-2013

Table 19 - Dynamics of the organization's liabilities by maturity for 2013-2014

According to the data for 2012-2013, there is a slight increase in liabilities, from which it can be concluded that all liabilities will be repaid in the near future, but in 2014 the increase amounted to 665,787,816 rubles in absolute deviation.

Table 20 - Dynamics of the structure of the organization's obligations in 2012-2013

Table 21 - Dynamics of the structure of the organization's obligations in 2013-2014

In 2014, the enterprise significantly increased the growth in the value of the balance sheet from 334,700,416 rubles. for 2012 up to 1,020,862,504 rubles. at the end of the year, which has a positive effect on the company. Group P4 occupies the largest share in the liabilities of the enterprise since 2012-2013, which is typical for most industrial enterprises.

Table 22 - Dynamics of liquidity indicators of current assets for 2012-2013

Table 23 - Dynamics of liquidity indicators of current assets for 2013-2014

The absolute liquidity ratio shows what part of the current liability can be repaid in the nearest time to the time of the balance sheet, which is one of the solvency conditions. The normal limit is 0.2-0.3. As we can see from the table, this coefficient for 2014, amounting to (0.25), corresponds to the norm.

The quick liquidity ratio reflects the organization's payment capabilities, subject to timely settlements with debtors. The approximate lower value of the indicator is 0.6-0.8. For Russian conditions - 1. However, this assessment is conditional. For 2014, this coefficient exceeds the norm by 0.6, which is a negative trend for the organization.

The current liquidity ratio gives an overall assessment of the liquidity of assets, showing how many rubles of current assets account for 1 ruble. current liabilities. This ratio is in positive dynamics, because. the normal value of this coefficient is 2, which is close to the table values.

Net current assets have a negative dynamics of non-coverage, because they decreased by 4509727 rubles.

2.4 Profitability

Profitability is one of the indicators characterizing the economic efficiency of the enterprise. Profitability is such a use of funds in which the organization not only covers its costs with income, but also makes a profit.

To calculate and analyze the profitability of an enterprise, the following formula is used:

PP=BP/(VOAm.+Oav.)

BP - balance sheet profit received by the enterprise in the reporting period;

WOAm. - the average value of the value of non-current assets, which is calculated for the reporting period;

Avg. - the average value of the value of current assets, which is calculated for the reporting period.

Enterprise profitability indicators

Depending on what to compare the profit indicator with, three groups of indicators can be distinguished for analyzing the profitability of an enterprise:

§ return on capital;

§ profitability of sales;

§ profitability of production.

Table 24 - Analysis of the composition, structure and dynamics of the organization's income and expenses in 2013-2014

In 2014, the organization's income decreased due to a decrease in income from participation in other organizations, while expenses, on the contrary, increased significantly due to an increase in cost, interest payable and other expenses. Net profit decreased in comparison with 2013 by 33,994,566 rubles.

Table 25 - Composition, structure and dynamics of profit indicators for 2013-2014

Profit for 2014 decreased by 10.33% due to a decrease in gross profit, sales profit and net profit for the reporting period.

Operating lever ( operating leverage) shows how many times the rate of change in sales profit exceeds the rate of change in sales revenue. Knowing the operating leverage, it is possible to predict the change in profit with a change in revenue.

The minimum amount of revenue required to cover all expenses is called the break-even point, in turn, how much revenue can decrease so that the company operates without loss shows a margin of financial strength.

Table 26 - Margin analysis

Margin analysis of profitability

Profitability is a relative indicator that determines the level of profitability of a business. Profitability indicators characterize the efficiency of the enterprise as a whole, the profitability of various activities. They characterize the final results of management more fully than profit, because their value shows the ratio of profit to cash or consumed resources.

According to the table, the positive dynamics of the activities of the enterprise is visible. In the reporting period, such indicators as sales revenue, marginal income and sales profit increased, but along with this, management expenses increased by 408,711 rubles.

the effect operating lever manifests itself in the fact that any change in sales revenue always leads to a stronger change in profit. This effect is caused by varying degrees of influence of the dynamics of variable costs and fixed costs on the financial result when the volume of output changes. By influencing the value of not only variable, but also fixed costs, you can determine by how many percentage points the profit will increase.

The level of operating leverage allows you to calculate the percentage change in profit depending on the dynamics of sales by one percentage point.

The larger the share of the company's fixed costs in the cost structure, the higher the level of operating leverage, and therefore, the more business (production) risk is manifested.

As revenue moves away from the break-even point, the impact of operating leverage decreases, and the organization's financial strength, on the contrary, grows. This Feedback associated with a relative decrease fixed costs enterprises.

Table 27 - Dynamics of profitability indicators

Return on equity (ROE) is a measure of net income compared to an organization's equity. According to average statistics, the return on equity is approximately 10-12%. As you can see from the table, this coefficient corresponds to the norm, amounting to 12% for 2014.

Return on non-current assets = Net profit / Long-term assets. Profitability of non-current assets (Return on fixed assets) demonstrates the ability of the enterprise to provide a sufficient amount of annual profit in relation to the average annual value of the company's fixed assets. The higher the value of this ratio, the more efficiently fixed assets are used. For 2014, there is a negative trend in the indicator, because it decreased by 14%.

Return on current assets (RCA)

The foreign abbreviation for the return on assets is Return on Currency Assets, which translates as return on current assets. This ratio shows the profitability of current assets, that is, how much profit a unit of current assets brings.

Coefficient profitability negotiable assets = Pure profit / negotiable assets

The profitability of current assets also has a negative trend due to a decrease of 21% compared to the previous year.

Return on assets ratio. This coefficient characterizes how much the net profit of the enterprise falls on 1 ruble of assets, in other words, what is the profitability of the enterprise's property. The return on assets ratio shows the effectiveness of the functioning of the managers of the enterprise and the effectiveness of decisions made by the management and owners of the enterprise (organization).

Coefficient profitability assets (ROA) = Pure profit / Medium assets enterprises

This coefficient indicates the inefficiency of the decisions made, as it tends to decrease by 9% compared to the previous year.

Profitability ratio of the main activity

The indicator determines how many rubles fall on 1 ruble of sold products of an enterprise (organization).

Coefficient profitability basic activities = Profit before taxation / Revenue from sales goods.

Profitability ratio (according to net profit).

The net profit ratio shows the profitability of the enterprise to create a net profit margin per 1 ruble of sales. This ratio is highly correlated with the accounting profitability ratio.

Coefficient clean profitability = Pure profit / Revenue from sales goods

Profitability ratio (according to profit from sales).

The indicator determines how many rubles of products are created per 1 ruble of sold and sold products.

Coefficient profitability = Gross profit / Revenue from sales goods

The ratio has a positive trend in 2014, it increased by 3%.

CONCLUSION

This course work presents the organizational, legal and economic characteristic PJSC SIBUR Holding. The Society was established by the Decree of the Government of the Russian Federation of March 7, 1995.

The raw material basis of Sibur's business is the processing of associated petroleum gas in Western Siberia and the production of liquefied hydrocarbon gases. Hydrocarbon raw materials are processed into synthetic rubbers (factories in Tolyatti, Voronezh and Krasnoyarsk) and polymers (Sibur-Neftekhim in Dzerzhinsk Nizhny Novgorod region, Sibur-Khimprom in Perm, Tomskneftekhim, etc.)

In the course work, an analysis was made of the main performance indicators of PJSC SIBUR Holding, the composition and structure of the balance sheet of the enterprise, financial stability, profitability index were studied, and the liquidity and solvency of PJSC SIBUR Holding were assessed.

Based on these tables, we can say that the balance sheet at the end of the year increased significantly, in 2014 such indicators as financial investments, other non-current assets, reserves, cash and other current assets increased. The share of financial investments for 2014 increased by 104,311,958 rubles. There is also a noticeable trend towards an increase in long-term liabilities at the expense of borrowed funds, the share of an increase in 2014 by 18.09%.

In general, the enterprise for 2012-2014 saw significant changes in the structure of non-current assets. There is a noticeable increase in other non-current fixed assets.

However, the profit indicator for 2014 decreased by 10.33% due to a decrease in gross profit, sales profit and net profit for the reporting period.

As for liquidity, over the period under study, the company as a whole shows a good growth dynamics, however, a decrease in one of the indicators negatively affects the attractiveness of the company, because subsequently, most likely, it will not be able to fully pay off its obligations without additional capital injections.

BIBLIOGRAPHICLIST

1. Position according to accounting"Accounting statements of the organization" (PBU 4/99).

2. Savitskaya, G.V. Analysis of the economic activity of the enterprise: textbook / G.V. Savitskaya. - M: INFRA-M, 2011. - 536 p.

3. Turmanidze, T.U. The financial analysis: a textbook for university students studying in economic specialties / T.U. Turmanidze. - 2nd ed., revised. and additional - M.: UNITI - DANA, 2014. - 287 p.

4. Sergeev, I.V. Economics of the enterprise / I.V. Sergeev. - 2nd ed., revised. and additional - M: Finance and statistics, 2004. - 55 p.

5. Sergeev, I.V. Economics of the enterprise. / I.V. Sergeev, - M .: FiS, 2001. - 35 p.

6. Economics of the enterprise.: Textbook / Ed. V.M. Volkov. - M.: Infra-M, 1998. - 75 p.

7. Chuev I.N., Chueva L.N., Comprehensive economic analysis of economic activity: Textbook for universities. - 2nd ed. add. and revised, - M .: Publishing and trading company "Dashkov and K", 2011. - 54 p.

8. Abakumova N.N., Podovalova R.Ya. Policy of income and salary: Study guide. -- Novosibirsk: NGAEiU. - M.: INFA-M, 2005. - 135 p.

9. Efimova O.V. Analysis of financial statements: Uch. settlement - M: Omega-L, 2006. -43 p.

10. Journal "Oil and Gas Vertical" No. 7, 2007. - 25 p.

11. Alekseeva M.M. Planning the activities of the company 5th ed. add. and reworked. M.: Finance and statistics, 2010. - 300 p.

12. Archival documents of PJSC SIBUR-Holding.

13. Galitskaya, S.V. Financial management. The financial analysis. Enterprise Finance: A complex approach to financial management: textbook. allowance for econom. universities / S.V. Galitskaya. - M. : EKSMO, 2009. - 649 p.

14. Grigorieva, T.I. Financial analysis for managers: assessment, forecast: a textbook for universities in economics. specialties / T.I. Grigoriev; Higher school economy - Nat. research un-t. - M.: Yurayt, 2011. - 462 p.

15. Ionova A.F. Financial analysis: textbook / A.F. Ionova, N.N. Selezneva.- M.: Prospect, 2009. - 623 p.

APPENDIX A

Structure of PJSC SIBUR Holding

Hosted on Allbest.ru