REUTERS
The loss of Ukraine's top 100 state-owned companies in January-June 2015 decreased by 87% compared to the same period last year - up to UAH 5.8 billion, according to a report published on the official website of the Ministry of Economic Development and Trade.
According to the document, this result was achieved due to improved performance of the National Joint Stock Company Naftogaz of Ukraine - the company reduced the loss ratio by seven times for six months of 2015 to UAH 4.5 billion, including by increasing the tariffs for households and industry in the framework of the transition to market prices for natural gas. The half-year results of Naftogaz do not include write-offs of bad debts, which will be held at the end of the year.
Read alsoSOEs to deduct 30% of their profit to state budgetAt the same time, the total net income of state companies from the list of the top 100 increased by 37.4% - to UAH 160 billion, while the total carrying value of the portfolio of state enterprises amounted to UAH 983.9 billion, which is 2.6% less than at the end of 2014. The slight decrease was mainly due to the reduction of the book value of assets of oil and gas industry.
In addition, the overall level of debt of the top 100 state-owned companies increased by 6.4% - to UAH 178.7 billion as of June 30, 2015. The overall ratio of debt to equity ratio of the top 100 companies increased from 27% to 28.3%.