The only region of the Brest region that has worked with losses in 9 months is the Zhabinka district.

Net losses in Zhabinka region reached BYN 17.4 million, and net losses of unprofitable companies - BYN 25 million (an increase of 329 times!).

The Zhabinka sugar plant operates on the territory of the Zhabinka region.

The financial position of the company will significantly improve by the end of the year. The sugar beet harvest in the Brest region turned out to be good, and sugar prices in Russia began to rise. The most unprofitable part of the Vitebsk region is the city of Novopolotsk.

Net losses of enterprises of this city reached 126.7 million BYN in January-September. Separately, unprofitable companies in Novopolotsk incurred losses in the amount of BYN 206.7 million.

The problems of Novopolotsk are almost entirely caused by the losses of Naftan. The refinery suffers losses due to the devaluation of the Belarusian ruble and from the sale of gasoline and diesel fuel at low state prices within the country. The most unprofitable districts of the Gomel region are Gomel (BYN 39.7 million), Dobrush (BYN 50.9 million), Zhlobin (BYN 131.6 million) and Svetlogorsk (BYN 136.7 million). Losses of unprofitable organizations in these regions are even greater: 60.4, 59.9, 148.7 and 158.4 million BYN, respectively. The Gomel region cannot recover from the sanitary veterinary service's prohibitions on the export of meat products to the Russian Federation.

In the Dobrush District, the Hero of Labor paper mill has big problems. In the Zhlobin region, the Belarusian Metallurgical Plant is suffering colossal losses. In the Svetlogorsk region, the Svetlogorsk pulp and paper mill, modernized by the Chinese, will never reach full capacity.

For 9 months, the losses of the Ostrovets district reached gigantic proportions - 443.3 million BYN. The builders of the Belarusian NPP suffer net losses in the amount of up to BYN 455.4 million. Due to huge losses in construction, the net profit across the entire Grodno region fell 92 times - to 4.5 million BYN. Erection nuclear power plant near Ostrovets goes almost exclusively to loans from Russia. In the Volkovysk district of the Grodno region (losses of 52.7 million BYN), a cement plant OJSC “Krasnoselskstroymaterialy” operates. They wanted to sell this plant to a foreign investor, but nothing came of it. The leaders in terms of losses in the Minsk region are Borisov (BYN 53.9 million) and Nesvizh (BYN 16.3 million) districts.

The position of unprofitable enterprises in these regions is even worse - minus 88.8 and 48.2 million BYN. In Borisov district, only part of the Geely plant's capacities is operating, in the Nesvizh district, the Gorodeysky sugar plant is suffering losses. The main points of loss concentration in the Mogilev region are Bobruisk (BYN 93.1 million), Kostyukovichi (BYN 59.5 million) and Krichevsky (BYN 115.3 million) districts.

The indicators of Bobruisk are pulling to the bottom of Belshin, and in the regions, cement plants - the Belarusian Cement Plant and Krichevtsementnoshifer - are sitting at great losses. Unprofitable enterprises have completely lost working capital and live off loans. The losses of unprofitable enterprises in the Mogilev region turned out to be so high that the entire region as a whole worked with a net loss of 75.2 million BYN.

The only region of the Brest region that has worked with losses in 9 months is the Zhabinka district.

Net losses in Zhabinka region reached BYN 17.4 million, and net losses of unprofitable companies - BYN 25 million (an increase of 329 times!).

The Zhabinka sugar plant operates on the territory of the Zhabinka region.

The financial position of the company will significantly improve by the end of the year. The sugar beet harvest in the Brest region turned out to be good, and sugar prices in Russia began to rise. The most unprofitable part of the Vitebsk region is the city of Novopolotsk.

Net losses of enterprises of this city reached 126.7 million BYN in January-September. Separately, unprofitable companies in Novopolotsk incurred losses in the amount of BYN 206.7 million.

The problems of Novopolotsk are almost entirely caused by the losses of Naftan. The refinery suffers losses due to the devaluation of the Belarusian ruble and from the sale of gasoline and diesel fuel at low state prices within the country. The most unprofitable districts of the Gomel region are Gomel (BYN 39.7 million), Dobrush (BYN 50.9 million), Zhlobin (BYN 131.6 million) and Svetlogorsk (BYN 136.7 million). Losses of unprofitable organizations in these regions are even greater: 60.4, 59.9, 148.7 and 158.4 million BYN, respectively. The Gomel region cannot recover from the sanitary veterinary service's prohibitions on the export of meat products to the Russian Federation.

In the Dobrush District, the Hero of Labor paper mill has big problems. In the Zhlobin region, the Belarusian Metallurgical Plant is suffering colossal losses. In the Svetlogorsk region, the Svetlogorsk pulp and paper mill, modernized by the Chinese, will never reach full capacity.

For 9 months, the losses of the Ostrovets district reached gigantic proportions - 443.3 million BYN. The builders of the Belarusian NPP suffer net losses in the amount of up to BYN 455.4 million. Due to huge losses in construction, the net profit across the entire Grodno region fell 92 times - to 4.5 million BYN. The construction of a nuclear power plant near Ostrovets goes almost exclusively with Russian loans. In the Volkovysk district of the Grodno region (losses of 52.7 million BYN), a cement plant OJSC Krasnoselskstroymaterialy operates. They wanted to sell this plant to a foreign investor, but nothing came of it. The leaders in terms of losses in the Minsk region are Borisov (BYN 53.9 million) and Nesvizh (BYN 16.3 million) districts.

The position of unprofitable enterprises in these regions is even worse - minus 88.8 and 48.2 million BYN. In Borisov district, only part of the Geely plant's capacities is operating, in the Nesvizh district, the Gorodeysky sugar plant is suffering losses. The main points of loss concentration in the Mogilev region are Bobruisk (BYN 93.1 million), Kostyukovichi (BYN 59.5 million) and Krichevsky (BYN 115.3 million) districts.

The issue of careful selection of business ideas for opening a private enterprise in a crisis is always relevant, because it is during this period that purchasing power drops sharply. A business that has always brought in income suddenly becomes unprofitable due to the fact that people begin to save on many things.

In order not to burn out by opening your own business during a crisis, it would be nice to know which business is the most unprofitable.

10 most unprofitable business ideas during a crisis period

Quite often, in the struggle of business with the crisis, the latter wins. That is why, in an unfavorable economic situation, few people decide to open their own business.

Demand for many goods and services is falling, as people try to save money, replacing some products with others, cheaper ones, or even abandoning expensive purchases that they could afford before.

All this should be taken into account by those who still dream of starting a small business.

So what business ideas can go wrong?

• Travel agency - travel business

Crisis is not the best time to open travel agency... A sharp drop in incomes of the population and, as a result, a strict regime of economy on entertainment make tourist trips less attractive for most people. A person would rather buy essential goods than spend on an expensive trip, calculated for 3-4 days.

And will it survive again open business high competition in an economic downturn, if at its best payback ranged from one to two years .

• Restaurant, cafe and other catering establishments - restaurant business

In times of crisis, restaurants and cafes also have a hard time: not everyone will be able to stay afloat. Raw material prices have risen significantly and customers are hungry for discounts from establishments. They no longer order too expensive meals and replace drinks with cheaper ones.

Enterprises Catering often closed if they were focused on their neighbors. The closest one is emptied office center and a cafe in this place is no longer needed.

According to experts, during the crisis, almost half of expensive restaurants and 30% of medium-sized enterprises are closed .

• Boutique or store elite clothing

It is unlikely that a business specializing in the sale of luxury goods - for example, expensive elite clothing, will be able to generate income during a crisis.

And this is quite understandable, because clients of expensive boutiques are mostly representatives of the financial industry who become the first victims of unfavorable changes, expressed in mass layoffs and significant cuts in wages.

• Organization of Events: Show Business

Today, less and less noisy feasts for 150-200 people are gathered at weddings, anniversaries, birthdays and other similar events, for which a presenter is certainly needed. Most try to invite no more than 10-15 guests, saving on organizing events.

The situation is similar in corporate parties, when business leaders prefer to hold events in offices or refuse them altogether .

“They eat a cactus,” that is, they submit reports with an excess of losses over profit, in our country 32.2% of organizations - by 0.6 percentage points, or almost 2%, more than a year earlier, in the first half of 2017. The dynamics may seem modest until you realize that we are talking about hundreds of thousands of enterprises, and 2% of them is a very significant part Russian economy... Even if we take into account that this selection of Rosstat did not include "small businesses, banks, insurance organizations and state (municipal) institutions", which also make a significant contribution to the overall picture of domestic business.

An ambivalent attitude develops towards these statistics. The main result, the overall balance, is positive with a margin: 6.37 trillion rubles. against 4.89 trillion a year earlier. That is, we see an insane growth of 30.9%. It is a pity, however, that it can be explained very simply: the article “extraction of crude oil and natural gas” gave an increase in the balance of 100%, “extraction of minerals” by 66%, while, for example, logisticians lost 27% of last year's profit. And the most impressive growth was demonstrated by “water supply; wastewater disposal, waste collection and disposal, pollution elimination activities "- 5.6 times. This is explained as well. However, the contribution of public utilities and garbage collectors to the common "pie" is small. But these two extractive industries provide 61% of all profits.

Only the traditionally depressive “postal services and courier activities” turned out to be in the red, although the share of unprofitable enterprises there is slightly lower than the average for the economy.

Interestingly, a lot of fossil-related businesses have managed to paint the losses. The rapid growth in oil prices made it possible to reduce the number of unprofitable enterprises in the industry by only 9% - from 27.0% to 24.6%. And among other mining companies, the share of unprofitable ones even increased - from 36.0% to 36.4%, significantly more than the average for the economy! And the most dangerous thing in Russia is to be engaged in “production, transmission and distribution of steam and hot water; air conditioning ”- 55.6% of businessmen do it at a loss. The second and third places of this kind of pedestal are the above-mentioned water supply and, attention, "the activities of land and pipeline transport" - 46.8% of unprofitable enterprises. The minimum is the number of dysfunctional organizations in the "production and distribution of gaseous fuels."

What follows from these statistics?

We remain critically dependent on the extraction of minerals, primarily hydrocarbons. The total profit of all sectors of the economy, excluding two "steam locomotives", decreased compared to 2017: 2.35 trillion rubles. against 2.46 trillion rubles.

There is an obvious crisis in the transport sector (including the use of pipelines) and in “real estate activities” (there, the total profit fell dramatically); at the same time, it is in these areas that it is easiest to come up with losses.

But the main conclusion is that tax administration of Russian business remains extremely weak. It does not happen that a third of the enterprises receive a loss from year to year and continue to operate at the same time. 7-10% is normal, for various reasons, for example, parts of profitable holdings in general may be unprofitable, but not 32.2%. Obviously juggling is taking place accounting reports... Moreover, juggling is massive, almost a flash mob in the tax bushes.

Clash of positions: what will the increase in the tax burden in Russia lead to?

And then the question arises: what to do with it? To toughen the administration - business will soar and, in general, not without reason: it is already being raised VAT, real estate tax, and other fees are invented in a very difficult economic situation. And the employees of tax services are not at all eager to organize cameral and field inspections for small businesses: they will earn much more for the state (well, a little for themselves), sitting in the office general director large plant... Thus, there is a kind of mutual understanding between the state and business: yes, the rules are harsh and we will press you to the nail, if necessary, but as long as you do not stick your head out and observe the unspoken rules of the game, we will not delve deeply into your reporting.

Customs and concepts instead of law - this is what slips behind the new data of Rosstat. And since, in theory, an ordinary person to live according to the law is calmer and safer, we can talk about the imperfection of our accounting and tax legislation - since business and authorized representatives of the state, at the risk of falling under the articles of the Administrative Code and the Criminal Code, submit and accept dubious reporting with full mutual understanding.

We would venture to assume that the share of formally unprofitable enterprises will continue to grow - regardless of the real state of affairs in the economy.

More than 350 thousand legal entities are officially registered in St. Petersburg, including state and non-profit organizations, as well as individual entrepreneurs. Reporting according to generally accepted forms, allowing to judge their financial condition, serve only 123 thousand firms. A quarter of them (almost 32 thousand), as "DP" found out, fix losses. And these losses exceed 465 billion rubles - approximately the same amount was the expenditure side of the St. Petersburg budget in 2015.

The situation in St. Petersburg is not particularly out of the general position affairs in the country. So, in Moscow, out of 280 thousand companies submitting reports, 83 thousand record a loss (almost 30%). And a similar rating of enterprises with losses of more than 100 million rubles would be four times longer than the St. Petersburg rating: there are under 2 thousand such super-profitable companies with a total loss of more than 2 trillion rubles.

The rating of unprofitable companies in St. Petersburg reflects the state of affairs with some delay: the most complete data in the SPARK system is available only for 2015. More recent statistics - on the results of the work of city companies in 2016 - are just starting to come, and they have not yet taken into account the majority operating firms... So, from our list of 435 companies, only 10 have more recent reports published in SPARK, and, of course, it is not yet possible to use such data for generalization.

Ranking leaders

For some of the participants in the rating, hundreds of millions of losses are a common thing, they present them to the tax office from year to year and nevertheless continue to work, outwardly even quite successfully. They occupy expensive offices, pay large bonuses to managers, sponsor cultural and sporting events... Accounting indicators do not particularly affect their work: these are large backbone enterprises, for which billions of dollars in losses are only a part of business processes.

Companies with higher losses than revenues stand apart. Often we are talking about long-term projects: heavy engineering, oil and gas industry and especially development.

The real estate sector accounts for a significant part of super-profitable enterprises. From our list of companies with losses over 100 million rubles, 90 firms are engaged in real estate management. In high places in our rating there are such well-known and large players in the commercial premises management market as "", and "".

More than 40 companies have construction of buildings as their main activity. Unprofitable in 2015 were "", "", and many others.

In our rating there are more than 60 companies engaged in wholesale trade and 20 in retail. The 2014 crisis also hit the industry hard. Perhaps the worst was for the car dealers. In addition to the recent leaders of the industry "" and who have closed their work, both manufacturers and suppliers of spare parts have suffered from the crisis. So, the pool of Japanese and Korean manufacturers who have opened production near the factories "" and "", almost in full complement demonstrates losses.

Urban infrastructure enterprises also showed serious losses at the end of 2015. The worst result was: 2.4 billion rubles in loss with revenue of 26 billion rubles. The company explains this by the general negative situation in the city's economy, which has led to a decrease in water consumption by city enterprises. However, according to SPARK data, Vodokanal SPb showed losses long before 2015: 4.6 billion rubles in 2014 and 291 million rubles in 2013.

Be that as it may, in 2016, when the long-term head of Vodokanal was replaced, the company began to optimize production cost... For this, programs were launched to save resources and replace imported equipment with domestic ones, and also improved business processes in the company's divisions. Improved competition in the procurement of goods and services helped greatly to save money. As noted in the company, all this, as well as the liquidation of accounts receivable, allowed Vodokanal SPb to complete 2016, albeit with a small - only 34.5 million rubles - but with a profit. The SUE's response does not mention this, but, perhaps, the company's finances were also well supported by an increase in its tariffs by 10-12% in 2016.

Virtual losses

A number of enterprises that were included in our rating have already ceased operations. This happened, for example, with the leader in terms of losses in 2015, airlines "". She canceled flights in October 2015. At the same time, an agreement was signed to sell to shareholders at least 51% of Transaero's shares. At the end of 2015, the company showed a loss of 98.9 billion rubles - an absolute record for St. Petersburg. At the same time, its revenue amounted to 97 billion rubles. Nevertheless, life in the company is still glimmering, and it has not been liquidated. In 2016, Transaero tried to return to the market and return the operator's certificate revoked by the court. The company intends to leave the Moscow air hub for a less competitive region - the Far East.

A major player in the real estate market "SPB Renovation" claims that at this stage of the development of the project for the renovation of residential quarters of the first mass series, the company's unprofitability is planned, because significant funds are invested in the development of new projects and the implementation of existing ones. A special expense item for the construction company is the settlement of the Khrushchevs. Another factor that influenced financial results company is a feature Russian system reporting, according to which the accrual of profit occurs only after the delivery of the house and its commissioning.

"We do not see a problem in the current unprofitability - we have a clearly structured business plan and economic model... At the end of 2016, we have reduced the loss to 690 million rubles, "- say the representatives of" ".

Successful construction company explains the unprofitability of its division LLC "" by the fact that for most of 2015 it did not conduct an active economic activity, because at this time there was a process of reorientation of it to internal orders of the holding. "Currently, Setl Stroy LLC acts as a general contractor at a number of Setl Group facilities. In 2016, the company made a profit on Russian standards accounting in the amount of 173 million rubles. No further loss is foreseen, "explains Inga Yarosh, head of the PR department at Setl Group.

The largest business property in St. Petersburg - "" - brought in losses in 2015 due to the free transfer of the designed and built engineering infrastructure to the city. In particular, a sewer collector for the needs of Lakhta Center and the adjacent villages of Lakhta and Olgino. The press service of the company reports that the losses will be covered after the completion of construction and commissioning of the complex.

Less clear is the situation with the three companies of the "" holding, which were included in our rating with an aggregate loss of 2.8 billion rubles. The representatives of the holding limited themselves to a short statement that "the operating activities of the holding are profitable and provide a stable cash flow."

Representatives of the timber industry complex explain the trend towards losses by exchange rate differences and revaluation of companies' foreign exchange liabilities to their creditors and suppliers. So, as a result of exchange rate fluctuations in 2015, the loss of the STOD plywood factory (part of the holding) amounted to about 2.5 billion ...

Svyatoslav Bychkov, PR Director of the company, said that the company's losses in 2015, related to the revaluation of foreign exchange obligations, do not affect operating activities of the company: "The main payments on loans fell on this year, therefore such an indicator was recorded in the statements. The reason for the losses was also the costs associated with the modernization of the plant in Bratsk."

Unprofitable risks

According to the head of the department of tax and legal consulting of the North-West Regional Center Alisa Melkonyan, unprofitable companies are under close scrutiny. tax authorities who carry out in-depth pre-verification analysis in relation to such firms.

"The tax authority compares the tax burden of companies with the industry average, there are industry profitability indicators, and if there are significant deviations, the likelihood of inspections increases," she explains. In such cases, the tax office closely checks the fairness transfer pricing, the legality of accepting costs to reduce profits for tax purposes, the use of tax incentives.

Andrey Mitrofanov, head of the KPMG business restructuring group in Russia and the CIS, adds that it is necessary to pay attention to the statements on which the losses are calculated: to know whether it is audited or not and by what standards it is prepared, to understand whether this loss is "on paper". “You also need to understand whether the loss in the reporting is not a consequence of the understatement of profit through the withdrawal of money to related parties. reporting really reflects the fundamental loss ratio of the business (and not a separate legal entity), then there are few options for the development of events, "the specialist notes.

Andrey Mitrofanov is sure that no group of companies can be "planned unprofitable", since this contradicts the wishes of all business interests - shareholders, management, employees, tax service, creditors. "This situation will not be able to continue indefinitely. Within one or two years, the company will either go down the path of bankruptcy at the request of creditors, or shareholders will capitalize on the business (if they believe in it and have such an opportunity), or the business will be sold to a new shareholder (if business has prospects, and the current shareholders do not have the money to keep it afloat), "the expert believes. In his opinion, a significant number of companies will get out on their own, either by improving the situation in the economy, or by the efforts of management to bring the company to profit.

Hopeless companies, which can no longer be saved or sold, largely depend on the position of the creditor banks. “For medium and small companies, banks will most likely prefer to launch a standard bankruptcy and bankruptcy procedure, which will bring banks a return in the range of 10 to 30 kopecks per ruble. For large companies, everything will depend on the willingness and ability of banks to carry If they do not have such a desire, then some companies will come under the control of banks, which will tinker with them in the role of shareholders for several more years, after which the business will be sold or go bankrupt, "concludes Andrei Mitrofanov. It also provides for such a scenario in which, in relation to some companies, the process of endless prolongation of loans, capitalization of the interest rate, and so on can be launched - only so that the company does not collapse and does not bring huge losses to creditors now, which, by the way, all will happen later.

Industry losses

Losing results in 2015 were shown not only by companies, but also by entire industries. DP analyzed the data of all unprofitable companies in St. Petersburg that have disclosed their financial statements, and not just the leaders of the unprofitable rating. In total, there are about 7.8 thousand such enterprises. Their total loss in 2015 amounted to about 470 billion rubles. Analysis of their financial results allows us to talk about the state of affairs in the largest sectors of the economy of St. Petersburg.

Thus, in connection with the bankruptcy of Transaero, unprofitable companies from the freight and passenger transportation became absolute leaders - their total loss amounted to about 108 billion rubles. Even if we do not take into account Transaero, the losses of companies that showed a negative financial result of work in 2015 exceed 8 billion rubles.

One position lower is the real estate market. Losses of unprofitable companies in this industry - more than 57 billion rubles. The wholesale companies did not suffer large losses. food products, their total loss is almost 50 billion rubles, while wholesale food products showed a loss of 4.5 billion rubles. The construction market is also not far away - losses were recorded for about 34 billion rubles.

There will be less losses

Predicting the results of the future rating of the most unprofitable companies in St. Petersburg, we can say with confidence that by the end of 2016 the city's enterprises will be significantly less unprofitable. After all, the contribution of Transaero alone amounted to 20% of the total loss of St. Petersburg firms in 2015. So by the end of 2016 - already without Transaero - the total losses of city enterprises will be much less.

The rating of others will also be missing next year large companies... So, LLC "" - the operator of the General Motors car assembly plant in Shushary, also practically curtailed work in 2015, showing losses of 13.5 billion rubles, and later closed altogether. "", one of the largest urban road builders, closed its accounts with a loss of 1.6 billion rubles in the last year of its work. The same is the fate of "" (4 billion rubles in losses). Car dealer "Laura", before starting the sale of its showrooms, showed a loss of 1.6 billion rubles. The once largest chain of stores in the city "Children" also completed its journey in 2015, having recorded a loss of 615 million rubles.

Companies may well exist with losses for quite a long time for several of the most common reasons. First, an enterprise can have a fairly high social significance due to the hiring of a sufficiently large number of people in a limited area, for example, within a city district or even an entire city. In addition, the enterprise can be sole supplier economically significant services, such as housing and communal services, transport, unique instrumentation. That is, if you look only at the reporting of this enterprise, it can be very unprofitable, but if we consider this enterprise Taking into account the positive effect of saving passengers' time, costs of the population, company costs, etc., this effect can significantly exceed the losses generated by the company. Thirdly, an enterprise can generate losses for a long time until the completion of capital investments and reaching the maximum design capacity, when it comes to capital-intensive industries (construction, mechanical engineering, instrument making, etc.). The same goes for so-called IT startups. Based on the statistics we have, these companies can generate losses over a period of 5-7 years, and only after this period, some of them will start making a profit. Tax authorities often look negatively at taxpayers who have been unprofitable for a long time, since in this case they do not pay income tax and, moreover, in the future they will have the right to use the accumulated loss to reduce future payments on this tax, if the profit is all will occur over a five-year horizon. Claims are mainly manifested in more thorough and regular inspections of the tax authorities, in which they check the validity of the loss received, that is, that the loss is real, and not drawn. Leaders of unprofitable enterprises are often invited to tax office for conducting explanatory conversations, since the presence of unprofitable taxpayers spoils the tax statistics in the entrusted territory. If an enterprise is extremely significant from a social point of view or is the only provider of economically significant services, it often continues to exist for a fairly long time due to funding local authorities power, subsidies, loans from state banks. If we are talking about commercial enterprise in such industries as construction, mechanical engineering, instrument making, etc., then often unplanned losses (that is, not foreseen in advance by the business plan) shareholders and creditors are not ready to endure for long - 1-2 years, after which the bankruptcy process usually begins, which can also drag on for quite a long time.

Eduard Rumyantsev

Partner of the auditing and consulting group "BDO Unicon"

In 2015, the budget received revenues in the amount of 439,219.1 million rubles. Of these, 41.2% are income taxes individuals, 25.4% - taxes on corporate profits, 10.1% - property taxes, 3.2% - taxes on total income, 4.4% - excise taxes, 5.5% - income from the use of property located in the state and municipal property. The increase in losses in the period 2013-2015 is typical, first of all, for organizations that have reduced the volume of revenue. The growth in the number of unprofitable companies, first of all, causes a decrease in revenues received by the city budget. In 2015, income from income tax amounted to 111,528.6 million rubles (however, 246,120.1 million rubles were other tax payments). The growth rate of budget revenues of St. Petersburg in 2015 amounted to 103% compared to the corresponding period of the previous year. Economic indicators 2014-2015 is characterized by a decrease in the growth rate of the economy of St. Petersburg (including a drop in effective demand), due to the crisis in the Russian economy in 2014-2015 as a whole. At the same time, it cannot be said that the structure of unprofitable organizations formed within the sample is typical for the economy of St. Petersburg. Organizations that increased their revenue by more than 10%, on the contrary, showed an upward trend in profitability. According to Petrostat, the number of profitable organizations in 2015 amounted to 80.4% of the total. The turnover of organizations increased from 7362.8 billion rubles in 2014 to 8270 billion rubles in 2015. The balanced financial result of St. Petersburg organizations in 2015 amounted to 489,685 million rubles. In 2016, the budget of St. Petersburg received revenues in the amount of 476 663.8 million rubles (an increase of 108.5% by 2015). According to official statistics: - turnover of organizations in 2016 amounted to 10,568.7 billion rubles, an increase of 5.2% compared to 2015; - index industrial production amounted to 103.9% to the level of the previous period; - the total number of unprofitable organizations at the end of 2016 decreased by 46 units (by 9.7%), and the amount of loss decreased by 35.9%; - the balanced financial result increased 1.8 times compared to the level of 2015 and amounted to 925,128 million rubles. In the first half of 2017, growth continued: - The turnover of organizations amounted to 5213.9 billion rubles (an increase of 104.7 compared to the corresponding period of 2016) - The index of industrial production was 102.9 compared to the first period of 2016) Thus, since 2014 there has been a recovery economy, growth of indicators and an increase in tax deductions for all types of taxes. The tax legislation of the Russian Federation provides that if a taxpayer incurs a loss in the reporting period - the tax base is recognized as zero and no income tax is paid. Also, taxpayers have the right to set off losses of previous years when calculating the income tax of organizations of the current period. Organizations are obliged to pay other types of taxes and deductions, including property tax, regardless of their financial indicators.

Economic Policy Committee and strategic planning St. Petersburg

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