Analysis of income from transportation activities

Income from transportation activities totalled RUB 1,225.0 bln in 2014, which exceeded the plan by RUB 11.7 bln, or 1%, and signified a 1.3% increase compared with 2013.

Proportion of income from freight transportation in overall income of Russian Railways in 2014 78.9 %

Income from freight transportation

Income from freight transportation amounted to RUB 1,105.7 bln in 2014, which exceeded the plan by RUB 10.1 bln, or 0.9%. Compared with 2013, income increased by RUB 17.5 bln, or 1.6%, in 2014.

The change in income versus the previous year resulted from the following factors:

Factor analysis of growth in income from freight transportation for 2014 vs. 2013

Factor analysis of growth in income from freight transportation for 2014 vs. 2013

Income from locomotive traction services

Income from locomotive traction services totalled RUB 10.3 bln in 2014, or RUB 0.4 bln more than the plan (4%).

Income declined by RUB 0.7 bln, or 6.4%, versus the previous year primarily due to a reduction in the volume of services involving the delivery and removal of railcars to private railway tracks for the loading (unloading) of freight using the equipment of the consignor (consignees).

Income from long-haul passenger transportation

Russian Railways provides long-haul passenger transportation on the Sapsan, Lastochka (Desiro RUS) and Allegro trains. Income totalled RUB 9.1 bln in 2014, an amount exceeding the plan by RUB 0.6 bln (6.7%).

Income increased by RUB 0.5 bln, or 5.8%, versus the previous year.

The main factor behind the increase in income from long-haul passenger transportation on the Sapsan, Lastochka (Desiro RUS) and Allegro trains was a 2.5% increase in the number of passengers transported compared with 2013 to 3.9 mln.

The growth in the number of passengers transported is attributable to the addition of two double-decker Sapsan trains in August 2014 and the organisation of regular Lastochka (Desiro RUS) train service along the Moscow-Kursk route in June and the Moscow-Smolensk route in July 2014.

Income from suburban passenger transportation

Income from suburban passenger transportation amounted to RUB 0.9 bln in 2014.

Russian Railways provides suburban passenger transportation as a carrier in the Krasnodar Region using Desiro RUS (Lastochka) trains on the routes Tuapse- Aeroport, Tuapse-Olympic Park, Tuapse-Krasnaya Polyana and for other Olympic facilities. A total of 13.1 mln passengers were carried on suburban routes in 2014, an increase of 12.1 mln from the previous year primarily due to increased transportation numbers during the Olympic and Paralympic Games.

Income from infrastructure services

Income totalled RUB 99.0 bln in 2014, exceeding the plan by RUB 0.5 bln (0.5%), but down by RUB 2.7 bln (2.7%) compared with 2013

The change in income versus the previous year occurred for the following reasons:

Factor analysis of the decreased income from infrastructure services in 2014 compared with 2013

Factor analysis of the decreased income from infrastructure services in 2014 compared with 2013