RUSNANO lost when exiting from investment projects over 13 billion rubles

The state company “RUSNANO” came out of the 16 investment projects as of September 30, 2015, in half the cases is “the excess of expenses over income”, as stated in the report of the accounts chamber (JV), which conducted a review of the activities of “Rosnano” in 2010-2015. The loss on these projects amounted to 13.1 billion rubles.

In those projects where the expenses of the state exceeded the revenue part of the funds were state guarantees in the amount of 7.7 billion rubles Goals “were not achieved, and inefficient implementation”, stated the auditor Tatyana Manuilova.

The total number of applications for investment projects of “RUSNANO” from 2010 to 2015 was reduced from 439 to 13 (34 times), the number of approved projects applications — from 44 to 6 (seven times). The number of funded projects has also declined, from 42 projects in 2010 to 27 in 2015, according to the calculations of the accounting chamber.

The Department noted other irregularities in the state-owned companies. So, from the Treaty on the transfer of powers RUSNANO management company (MC) that even with unprofitable investment projects of the criminal code may receive a Commission: from 2014 to 2015 on projects with negative income RUSNANO paid MC 25,4 million rubles.

According to the estimates of auditors, as of the end of 2015, the state provided “RUSNANO” guarantees 157,1 billion rubles However, the rules of their provision do not establish a “procedure or technique of the analysis of the financial condition of RUSNANO, said the SP. For this, the head of the Ministry Tatyana Golikova has criticized the Ministry of Finance. “If the Ministry of Finance used the authority correctly and was guided by the powers vested in the Budget code, we would have released the procedure or methodology approved by order of the Ministry of Finance” — are words in the message Golikova. The chamber has proposed to approve the methodology.

According to JV, the fair value of projects that relate to the unit of crisis management “Rosnano”, less funds were spent on them, and the projects themselves are ineffective. According to data as of September 30, 2015, to unit crisis management is part of 21 investment projects with a total funding 60,53 billion roubles, Of which 20 projects were financed with funds secured by gosgarantii support 25,88 billion rubles. the Largest among these projects — the “Polysilicon”, which received 9.4 billion rubles.

The fair value of crisis projects under IFRS amounted to $ 13,93 billion rubles, or 23% of the volume of their financing “RUSNANO”, say the auditors. Even an optimistic forecast of the development of these projects from 2017 to 2020 compensates for the initial investment only 50%. “Crisis projects… are ineffective, investments in the project company is loss-making and inefficient assets”, — summed up the auditor Manuilova.

After the inspection, the JV has proposed to change the rules for the provision of “Rosnano” the state guarantees and to prohibit payments to the leadership of state-owned rewards for unprofitable projects at the expense of credits and loans based on state guarantees.

“Rosnano” has taken measures on elimination of defects identified by audit chamber of Russia, said in a statement the company received in . The company has considered comments on the payment of the fee for the success in favor of the criminal code “Rosnano” and projects with a negative yield.

Corporate 3 million

The audit chamber estimated the cost of corporate new year “Rosnano” for 300 people. She made 3.3 million rubles, which the head of the state-owned company Anatoly Chubais personally compensated two days after the event, transferring this amount to the organizer of the exhibition JSC “Continent Express”. Earlier, the “RUSNANO” reported that the corporate company at a cost of 2.24 million rubles.

This is not the first check of “RUSNANO”, which was organized by the chamber. In 2013-2014 after checking agencies in state-owned companies the General Prosecutor’s office initiated four criminal cases on a number of articles of the Criminal code: abuse of authority, fraud, etc. according to sources familiar with the investigation and close to “Rosnano” and personally the head of the company Anatoly Chubais, 2015 all criminal cases related to state-owned company, walked in sluggishly. The defendants in the case “did not touch”, “no fear associated with possible publicity and arrests, was not” told one of the employees of the Corporation. In the summer of 2015 investigators arrested the former head of “RUSNANO” (at the time of its operation the Corporation was called “Rosnanotech”), Leonid Melamed. Now he is under house arrest.

In 2015, the state company became profitable for the second consecutive year: net profit of the group of “RUSNANO” (JSC “RUSNANO” and the criminal code “Rosnano”) grew from 8.2 billion to to 16.82 billion rubles the company’s Revenue by the end of 2015 amounted to RUB 7.2 billion, which is 6% higher than a year earlier. The main revenue brought operations on placement of temporary free funds of the company, noted in the “RUSNANO”.