The next session of the working group on the analysis and control of financial and economic activities of unprofitable state unitary enterprises and open joint stock companies whose shares are owned by the state

22.06.2016, under the chairmanship of the Deputy Minister of Land and Property of the Republic of Tatarstan Farit Musin held a meeting of the working group on the analysis and control of financial and economic activity of the state unitary enterprises and open joint stock companies of the Republic of Tatarstan with the share of the Republic of Tatarstan in authorized capital.

On the agenda is considered the financial and economic activity of 6 enterprises of the republic: JSC "Forest transport company", JSC "Corporation of the Republic of Tatarstan Development", OAO "Ak Bars basis", JSC "Hotel" Algorithm ", SUE" Teploenergoseti "SUE" National trademark ".

It was noted that the financial and economic activity of JSC "Corporation of the Republic of Tatarstan", OAO "Ak Bars basis", JSC "Hotel" Algorithm "is unprofitable. Loss of OJSC "Corporation of the Republic of Tatarstan" is 1 663 thousand rubles.; financial-economic activity of JSC "AK Bars Basis" by the end of 2015 and the first quarter of 2016 found to be unsatisfactory, the loss of the Company for the 1st quarter of 2016 is 777 thousand rubles; Hotel " Algorithm" loss amounted to 683 thousand in the 1st quarter of 2016 is due to a drop in revenue, till August of this year the Company, taking into account the specifics of the summer season, are planning positive dynamics of financial activity.

SUE "National trademark" have a profit in 1-st quarter of 2016. There are some prospects for the year, contracts with large network grocery trade enterprises are signed, in connection with it positive trend of financial indicators expected; net profit of JSC "Forest transport company" is 150 thousand rubles in Q1 2016, receivables and payables current, no overdue.

Following the meeting, management decisions for each enterprise were taken.