Tuesday, August 2, 2016

Net loss of “Rosnano” in the first half of the year increased three times – Forbes Russia

The net loss of the company “Rosnano” in the first half increased by 3.3 times compared to the same period last year and amounted to 8.3 billion rubles. On Monday, 1 August reports TASS with reference to the published report of the company.

In the first half 2015 net loss amounted to about 2.5 billion rubles. In “Rosnano” was told that the losses were due to ruble appreciation during the reporting period, as well as lower interest income yielded a loss of 1.7 billion rubles from the placement of temporarily free funds due to lower market rates of accommodation.

The company’s revenue decreased by 19.4% compared to the same period last year – by 0.7 billion rubles and amounted to 2.9 billion rubles. E is associated with a lower amount of funds received by the company from the outputs of the projects. The interest income of the company decreased by 47% in the first half of the year, to 1.9 billion rubles, while interest expenses increased by 23%, to 7.9 billion rubles.

Earlier, the Accounting Chamber has proposed to ban leadership “Rosnano” to receive compensation for loss-making projects of the funds raised under the state guarantees. The department recognized half the investment company’s inefficient: it costs when you exit out of eight projects have brought the company’s loss of 13.1 billion rubles, the report said. “Rosnano” explained unsuccessful investments by 13 billion rubles by market forces and technology, finance, marketing and other “inevitable in innovation risk».

In March, “Interfax” reported that Chubais appealed to Putin with a request to allocate “Rosnano” 90 billion rubles from the national Wealth Fund to launch the Russian-Indian fund worth $ 2 billion, an agreement on the creation of which has already been reached with the Indian partners

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