The amount of cash Transneft’s accounts, which terminated at the end of 2015 amounted to $ 19,198 billion roubles, is spoken in the company report under IFRS published on Thursday. In comments to the report, the company explains that created a provision for receivables, “including for possible losses funds of the group held in Bank accounts in the banking institutions, which revoked the license of Bank of Russia”.
Advisor to the President of “Transneft” Igor Dyomin declined to disclose the banks in which the frozen funds of the company. But it is known that one of the victims of the collapse of the banks, to hold funds pipeline monopoly Vneshprombank (VPB). This Bank took 34th place in terms of assets (283 billion rubles, data of “Interfax-CEA”), but in December 2015, the Central Bank introduced him temporary administration. A source close to the VPB is said that “Transneft” – the largest Bank creditor, holding over 20 billion rubles in its accounts. And the representative “Transneft” it was later clarified that the company remained in the VPB 9 billion rubles.
In addition, because of the big problems in December, there were delays of salaries to employees “daughter” of “Transneft”, “Transnefteprodukt”, said Demin. But this issue was “timely” is solved due to the opening of salary cards for employees of “Transnefteprodukt” in the savings Bank, he added.
The second Bank, in which “hung” means “Transneft” – Intercommerce, which the Central Bank revoked the license on 8 February. According to the list of liabilities of the Bank on January 1, 2016, the company kept its accounts at 6.6 billion rubles.
Billions in accounts in problem banks is not the only problem of “Transneft” for the last time. By the end of 2014, the company has missed more than 70 billion rubles or almost 10% of revenue from operations with currency swaps, was stated in her report under IFRS. The company bought put options and sold call options on the dollar: in 2013, $4.2 billion in 2014 to $2.7 billion (options, purchased in 2013, had a period of performance from may 2013 to October 2014, and purchased in 2014 from August to December 2014, when there was a devaluation of the ruble).
Last year the government even instructed the ministries of Finance and economic development and the Bank of Russia to consider the appeal of the Association of professional investors on the issue of dealing with the loss of Transneft from operations with derivative financial instruments, reminiscent of “Interfax”.
But by the end of 2015, Transneft has reduced the loss on derivative instruments almost 15-fold to 5.1 billion rubles, follows from the report for 2015. “This fact was due to a slowdown in the weakening of the Russian ruble to the US dollar during the reporting period,” govorit in the document.