DOCSLIB.ORG

Deal News Transportation & Logistics What's up in Your Market

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Deal News Transportation & Logistics What's up in Your Market Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015 www.pwc.de Deal News Transportation & Logistics What's up in your 15. October 2015 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015 APZ Direct acquired Swiss Post, the Swiss postal service, has acquired parcel delivery by Swiss Post company APZ Direct, a German press release stated. APZ will be integrated into Swiss Post's Direct Mail Company (DMC) unit. 230 employees will be retained, while a further 50 employees on hourly rates would not be kept on. Financial terms were not disclosed. 09.10.2015 Company Press Release (Translated) SIRVA Worldwide SIRVA Worldwide Inc., a leading global relocation and moving services acquires Swiss provider, announced the expansion of its European network through the Access and MS acquisition of Swiss Access, a relocation service provider focused on Move Management serving the needs of international companies and their employees, and MS Move Management, a residential moving specialist. Both companies are based in the Lausanne/Geneva region of Switzerland. Financial terms of the acquisition were not disclosed. Swiss Access and MS Move Management provide a full range of relocation and moving services to multinational organizations, corporate Human Resources departments and employees in Switzerland and around the world. Their services include relocation management, visa & immigration administration, destination services, temporary housing, home finding, settling in services, tenancy management, household goods move management and intercultural & language training. 08.10.2015 Company Press Release(s) Versand und Versand und Weiterverarbeitung Hagen, a German provider of business Weiterverarbeitung support services, has filed for insolvency, according to a German- Hagen files for language press release. The court appointed Christian Kaufmann of insolvency PLUTA Rechtsanwalts as administrator. Versand und Weiterverarbeitung Hagen has 260 employees and is part of the Stark Group, Bremen. 02.10.2015 Company Press Release (Translated) Russian Railways to Russian Railways (RDZ) has decided to withdraw from the privatisation withdraw from tenders of three Greek companies, TRAINOSE, Rosco and Thessaloniki privatisation Port Authority (OLTH), Euro2day reported, citing RDZ. The company’s tenders of BoD took this decision late on Wednesday, 14 October, and will seek the TRAINOSE, Rosco approval of the Russian government, the Greek-language report said. and Thessaloniki RDZ’s change of strategy is probably attributed to its new CEO, Oleg Port Authority Belozerov, the report added. (translated) 15.10.2015 euro2day Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015 Cleveron aims to Cleveron, a private Estonian automated parcel delivery solutions raise around EUR company, will be looking to raise around EUR 30m in three to six 30m – co-owner months in order to implement its technology of a parcel pick-up service in Europe, said co-owner Peep Kuld. The company would look for a financial investor that could acquire around 10% for this sum, he said, stressing that all these numbers are preliminary. The owners will decide upon mandating advisers when its business plan and investment prospect are ready, Kuld added. The raised capital would be used to produce, install and start operating the network of 1.000-1.200 newly developed automated parcel terminals called Packrobot, the co-owner said. Packrobot is a one-size-fits-all solution built to deal with so-called “last mile” delivery issues, such as failed deliveries, temperature sensitive packages, security and other, according to the website of the company. The EUR 4.2m turnover Cleveron has been working on this technology, targeted for e-commerce companies mostly, during the last five years, Kuld said. Once the investment is received, the turnover of the company should jump to EUR 100m to EUR 200m in two to thre years, whereas EBITDA would stand at EUR 20m to EUR 60m, the co-owner said. The estimation is based on existing pre-agreements and “other available information,” he said without specifying. 15.10.2015 Proprietary Intelligence Mense files for Mense Verpackungen Export Logistik, a German logistics company, has insolvency filed for insolvency, according to EUWID. The news item said that the (translated) court appointed Thorsten Klepper of Klepper und Partner as administrator. Citing managing partner Peter Mense the article said that the step was necessary after the cancellation of a major order. The company has 80 employees. 13.10.2015 EUWID Orey Financial Orey Antunes, the listed Portuguese shipping and transport group, is Holdings 50% stake considering the sale of a 50% stake in Orey Financial Holdings (OFH) could be sold by which could also undergo an IPO, reported Diario Economico. Orey is Orey Antunes; IPO mulling the sale of the stake in OFH, the business paper said, citing a also possible - report from ARC Rating, as part of a plan to restructure its medium to report (translated) long term debts. OFH's opening to new investors could also involve an IPO, sources close to the process told Diario Economico. Orey is close to buying a strategic stake in Inversis, the Spanish bank, the item said. 12.10.2015 Diario Economico Indian and Spanish Indian and Spanish groups are interested in bidding for the PHP 170bn groups interested in (USD 3.8bn) North-South Commuter Railway, the Manila Bulletin bidding for USD reported. The report cited Cosette Canilao, the executive director of the 3.8bn North-South Public-Private Partnership (PPP) Center, who said that several unnamed Commuter Railway companies have requested that the government push back the 15 October deadline for the railway project's submission of pre- Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015 qualification documents. Other interested bidders include an Indian conglomerate and an unnamed Spanish company. Additionally, Aboitz Equity Ventures [PSE:AEV] is said to be interested in bidding, according to the article. So far, only Metro Pacific Investments [PSE:MPI] and San Miguel Corp [PSE:SMC], the two listed diversified Philippine companies, have purchased bid documents for the auction. A report in the Philippine Daily Inquirer added that Ayala Corp [PSE:AC] is still interested in the deal, citing the group's managing director, John Francia. North-South Commuter Railway is the Philippine project that seeks to link Calamba in Laguna with Malolos in Bulacan. 11.10.2015 Manila Bulletin DSV agrees to The DSV Group ("DSV") today signed an agreement to acquire US based acquire UTi UTi Worldwide Inc. (”UTi”), according to a stock exchange Worldwide at an EV announcement. UTi is a global, supply chain services and logistics of around USD company with revenue of USD 3.9bn and 21,000 employees in 58 1.35bn countries. The combined company will be one of the world's strongest transport and logistics networks. DSV today entered an agreement to acquire UTi at the price of USD 7.10 in cash per ordinary share. The total transaction implies an enterprise value of approximately USD 1.35bn. The per-share consideration represents a premium to the ordinary shareholders of approximately 50% compared to the closing price of UTi on 8 October 2015, and a premium of approximately 34% compared to the 30-day volume-weighted average closing price. The Boards of Directors of DSV and UTi have unanimously approved the transaction. Kurt K. Larsen, Chairman of the Board of DSV, comments: "It is a great pleasure for me to announce the first step towards the combination of UTi and DSV. We complement each other perfectly, both in terms of business activities and geography. Together, we will be even stronger and able to capitalise on business synergies as well as a greater global reach to the benefit of shareholders, customers and employees. We look forward to joining forces and welcoming our new colleagues from UTi to DSV." Roger MacFarlane, Chairman of the Board of UTi, comments: "We are operating in an industry where increasingly scale is critical. Joining forces with DSV delivers substantially greater client value and many future opportunities for our people while it is financially very attractive for our shareholders. As a result, the Board of Directors of UTi has unanimously approved the agreement with DSV and strongly recommends that our shareholders accept the offer." Holders of ordinary shares of UTi will receive cash consideration of USD 7.10 per ordinary share upon closing of the acquisition by way of merger. Following the merger, UTi will become an indirect wholly-owned subsidiary of DSV. The total transaction implies an enterprise value of approximately USD 1.35bn. 09.10.2015 Stock Exchange Announcement(s) Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, October 2015 Log-In to decide on Log-In Logistica Intermodal [LOGN3:BZ], a Brazilian-listed shipping PE entry or spin-off firm, will decide in the coming weeks the format of its corporate – report restructuring process, Valor Economico reported. Citing sources familiar (translated) with the matter, the business daily said the company considers either the entry of a foreign private equity fund or a spin-off for its port and shipping assets. According to the Portuguese-language newspaper, Terminal de Vila Velha (TVV), a port specialized in containers located in Espirito Santo state, has attracted the interest of several foreign companies, including Denmark’s Maersk. Log-In has annual sales of about BRL 1bn (USD 259.6m). 08.10.2015 Valor Economico Deutsche Bahn The state-owned German transport group Deutsche Bahn has confirmed hires Lazard to that it has appointed the investment bank Lazard to examine options for advise on options its DB Arriva and DB Schenker subsidiaries, The Times reported.
Load more

Recommended publications
  • Belt and Road Transport Corridors: Barriers and Investments
    Munich Personal RePEc Archive Belt and Road Transport Corridors: Barriers and Investments Lobyrev, Vitaly and Tikhomirov, Andrey and Tsukarev, Taras and Vinokurov, Evgeny Eurasian Development Bank, Institute of Economy and Transport Development 10 May 2018 Online at https://mpra.ub.uni-muenchen.de/86705/ MPRA Paper No. 86705, posted 18 May 2018 16:33 UTC BELT AND ROAD TRANSPORT CORRIDORS: BARRIERS AND INVESTMENTS Authors: Vitaly Lobyrev; Andrey Tikhomirov (Institute of Economy and Transport Development); Taras Tsukarev, PhD (Econ); Evgeny Vinokurov, PhD (Econ) (EDB Centre for Integration Studies). This report presents the results of an analysis of the impact that international freight traffic barriers have on logistics, transit potential, and development of transport corridors traversing EAEU member states. The authors of EDB Centre for Integration Studies Report No. 49 maintain that, if current railway freight rates and Chinese railway subsidies remain in place, by 2020 container traffic along the China-EAEU-EU axis may reach 250,000 FEU. At the same time, long-term freight traffic growth is restricted by a number of internal and external factors. The question is: What can be done to fully realise the existing trans-Eurasian transit potential? Removal of non-tariff and technical barriers is one of the key target areas. Restrictions discussed in this report include infrastructural (transport and logistical infrastructure), border/customs-related, and administrative/legal restrictions. The findings of a survey conducted among European consignors is a valuable source of information on these subjects. The authors present their recommendations regarding what can be done to remove the barriers that hamper international freight traffic along the China-EAEU-EU axis.
    [Show full text]
  • Deal News Transportation & Logistics What's up in Your Market
    Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 www.pwc.de Deal News Transportation & Logistics What's up in your 15. December 2014 market – a focus Research Center on deals activity Deal News – Transportation & Logistics What's up in your market – a focus on deals activity, December 2014 TRAINOSE binding The binding bid deadline for TRAINOSE, the Greek state-controlled bid deadline could provider of rail transport services, is expected to be extended till 2 be extended till 2 February, Ependisi reported. The brief report In Greek cited unnamed February – report (translated) sources. Russia's Rossiyskie Zheleznye Dorogi (RZD), the lead partner in a consortium with Greece's GEK TERNA, France’s SNCF Participations and Grup Feroviar Roman (GFR), are the shortlisted bidders, as earlier reported. 15.12.2014 Ependisi GruzoVIG’s equity GruzoVIG, a private Russian logistics and related transportation services sale conditional on provider, sees an equity capital raise amongst its future strategic growth hitting revenue funding options, co-founder and President Valery Karchevsky said. The benchmark – Moscow-based firm is currently in talks with several local and foreign executive investors, the executive said without disclosing names, citing confidentiality. Despite ongoing talks, a deal will only be triggered after the firm’s annual revenue hits a minimum of RUB 480m-RUB 720m (USD 9.6m-USD 14.4m) or about RUB 40m-RUB 60m per month, up from the current RUB 20m-RUB 25m per month, he added. The management expects to hit the benchmark within the next two or three years, when a minority equity size [of about up to 33%] will be on sale, said the executive, who co-holds the company with a business partner.
    [Show full text]
  • Kazakhstan Temir Zholy Update
    Corporates Transportation Kazakhstan Kazakhstan Temir Zholy Update Ratings Rating Rationale Security Class The ratings of Kazakhstan Temir Zholy (KTZ), the national railway company of Foreign Currency Kazakhstan, are aligned with those of the sovereign, due to its 100%-state- Long-Term IDR BBB- ownership, operational linkage with government, and the strategic importance Senior Unsecured BBB- of its operations to Kazakhstan’s economy. Accordingly, KTZ’s ratings were affirmed on 16 December 2009, and the Outlook on the Long-Term Foreign Outlook Currency IDR was revised to Stable from Negative. Foreign-Currency Long-Term IDR Stable Recovering demand (freight volumes were up 12% year-on-year (yoy) for the Financial Data first five months of 2010, but still 6% down on 2008) and an average increase of 17.6% in freight tariffs from January 2010 (to be followed by a planned 15% Kazakhstan Temir Zholy tariff increase in 2011 and in 2012), is expected to result in revenue and 31 Dec 31 Dec earnings growth in the freight division, representing 84% of financial year 2009 09 08 (FY09, to December) revenue. Revenue (KZTm) 480,993.2 483,763.4 Operating EBITDAR 110,060.5 96,851.5 Despite the lower freight revenue in 2009, passenger revenue rose by 9.6% yoy, (KZTm) Operating EBITDAR 22.9 20.0 and related subsidies by 38% to KZT10bn. The passenger subsidies are planned margin (%) to increase to KZT22bn in 2012, thus ending the cross-subsidisation by the Cash flow from 99,554.9 92,374.0 operations (KZTm) freight division. Fitch Ratings views this development as a credit positive.
    [Show full text]
  • Kazakhstan Temir Zholy” Development Strategy Until 2025
    Agreed Approved by decision of the Management Board by decision of the Board of Directors of JSC «NC «KTZ» of JSC «NC «KTZ» on October 27, 2015, №02/30 on November 26, 2015, №11 (Amendments and additions have been made by the Board of Directors of JSC «NC «KTZ» on February 11, 2016, №2) Joint stock company “National Company “Kazakhstan Temir Zholy” Development strategy until 2025 January 2016 Content 1. Introduction ........................................................................................................................................... 3 2. Brief summary ....................................................................................................................................... 4 3. Current situation analysis ................................................................................................................... 5 3.1. Analysis of the external environment ......................................................................................................... 5 3.1.1. Trend overview in freight & passenger transportation ............................................................................ 5 3.1.2. Regulatory framework ............................................................................................................................. 9 3.1.4 PEST analysis ......................................................................................................................................... 11 3.2. Internal environment analysis..................................................................................................................
    [Show full text]
  • 7 2018 Union of Industries of Railway Equipment (Uire)
    #7 2018 UNION OF INDUSTRIES OF RAILWAY EQUIPMENT (UIRE) UIRE Members •C ABB LL • Emperor Alexander I St. Petersburg State • Academician N.A. Semikhatov Automatics Transport University Research & Production Corporation (NPOA) JSC • Energoservice LLC • All-Union research and development centre of • EPK-Brenсo Bearing Company LLC transport technologies (VNICTT) • EPK Holding Company JSC • Alstom Transport Rus LLC • EVRAZ Holding LLC • Amsted Rail Company inc • Expert Center for certification and licensing, LLC • ASI Engineering Center LLC • Eurosib SPb-TS, CJSC • Association of outsourcing agents NP • Faiveley Transport LLC • Association of railway braking equipment • Faktoriya LS manufacturers and consumers (ASTO) • Federal Freight JSC • AVP Technology LLC • FINEX Quality • Azovelectrostal PJSC • Fink Electric LLC • Balakovo Carbon Production LLC • Flaig+Hommel LLC • Baltic Conditioners LLC • Freight One JSC • Barnaul Car Repair Plant JSC • GEISMAR-Rus LLC • Barnaul plant of asbestos technical products JSC • HARP Oskol Bearing plant JSC • Bauman Moscow State Technical University • Harting CJSC • Belarusian Railways NU • Helios RUS LLC • Bridge and defectoscopy R&D Institute FSUE • Infrastructure and Education Programs • Cable Alliance Holding LLC Foundation of RUSNANO • Cable Technologies Scientific Investment • Information Technologies, LLC Center CJSC • Institute of Natural Monopolies Research • Car Repair Company LLC (IPEM) ANO • Car Repair Company One JSC • Interregional Group of Companies • Car Repair Company Two JSC INTEHROS CJSC •
    [Show full text]
  • Annual Report 2010
    ANNUAL REPORT 2010 A B ANNUAL REPORT 2010 RReporteport of Joint Stock Company ““NationalNational Company “Kazakhstan TTemiremir Zholy” for the Year 2010 ANNUAL REPORT 2010 1 ADDRESS OF THE CHAIRMAN OF THE BOARD OF DIRECTORS 4 OF JSC “NC “KAZAKHSTAN TEMIR Zholy” ADDRESS OF THE PRESIDENT OF JSC “NC “KAZAKHSTAN TEMIR Zholy” 5 GENERAL INFORMATION ABOUT COMPANY 6 2 MANAGEMENT REPORT OF THE COMPAny’s GrouP 22 4 FINANCIAL SITUATION 44 5 DEVELOPMENT STRATEGY OF JSC “NC “KTZh” till 2020 52 6 STABILITY 56 7 COMPANY DEVELOPMENT PROSPECTS FOR 2011 70 4 CONSOLIDATED FINANCIAL STATEMENTS 74 8 MAIN FINANCIAL AND PRODUCTION INDICES 80 CONTENT 3 Address of the Chairman of the Board of Directors of JSC “NC “Kazakhstan Temir Zholy” Dear Business Partners, Colleagues and Friends! It’s a great honor for me to address to you as the Chairman of the times. In freight transportation service the number of innovative Board of Directors of the largest transport holding in Kazakhstan – traffic arrangement schemes has been implemented. Besides, JSC “National Company “Kazakhstan Temir Zholy”. the railway machine building has actively developed, new rail roads have been constructed, and the situation in the field of Like many strategic enterprises in the Group of Companies of traffic safety has significantly improved. The rating of corporate JSC “National Welfare Fund “Samruk-Kazyna” KTZh is one of the management of Kazakhstan Temir Zholy is the highest among the mainstays of stability in Kazakhstan state and society. subsidiaries of “Samruk-Kazyna” Fund. For the last year all main production and financial indices of KTZh The evidence of the Company’s financial stability is raising of KTZh work have increased as compared with the year 2009, which credit rating by “S&P” Rating Agency, and confirmation of rating is appreciated by the sole Company’s shareholder – “Samruk- at the sovereign level by “Fitch Ratings” Agency.
    [Show full text]
  • PJSC Transcontainer 14 March 2018
    RNS Number : 7030H PJSC Transcontainer 14 March 2018 PJSC TransContainer Notice of results for the year ended 31 December 2017 PJSC TransContainer ("TransContainer"), Russia's leading intermodal container transportation and logistics company, will announce its results for the full year ended 31 December 2017 on Wednesday, 28 March 2018, at 07:00 UK time / 09:00 Moscow time. TransContainer will host an analyst conference call on the same day, Wednesday, 28 March 2018, at 15:00 UK time / 17:00 Moscow time. Dial in details are as follows: UK Free Call Dial In 0800 694 0257 Russia Dial In (from a landline) 810 8 002 097 2044 Conference ID 7181416# A replay of the call will be available until 28 April 2018 using the following details: UK Free Call Dial In 0800 953 1533 Russia Dial In 8 499 677 1064 Replay Access Code 7181416# Enquiries: TransContainer Andrey Zhemchugov, +7 495 637 9178 First Deputy CFO +7 495 609 6062 E-mail [email protected] Website www.trcont.com Instinctif Partners Galyna Kulachek/ Dinara Shikhametova +44 (0) 20 7457 2020 About TransContainer TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in Russia with a market share of approximately 46%. It is the market leader in Russia by flatcar fleet size, container transportation by rail and rail-side container terminal throughput. As at 31 December 2017, it owned and leased 25,251 flatcars and 69,595 ISO containers. TransContainer also owns a network of rail-side container terminals, located at 41 railway stations across Russia and operates one terminal in Slovakia under a long-term lease agreement.
    [Show full text]
  • Annual Report 2016
    ANNUAL REPORT 2016 Connecting Kazakhstan. Uniting the World. Annual Report 2016 2016 TABLE OF CONTENTS Address of the Chairperson of the Board of Directors Earth Address of the Chairperson of the Management Board About KTZ NC JSC Operating results for 2016 Asset profile Goals and plans for future periods Risk management Corporate governance Water Financial statements Air Annual Report 2016 ADDRESS OF THE Table CHAIRPERSON OF THE of contents BOARD OF DIRECTORS Welcome Dear Shareholders, Partners, Investors and Readers address of the Annual Report, In 2016, organizational changes were made as follows: KTZ-Freight In 2016, negative global trends, slowdown of the Transportation JSC was established by reorganizing the operating structures Kazakhstani economy to 1 % kept their effect on the involved in the transportation process, and the container operator performance of KTZ NC JSC, but the Company kept Kaztransservice JSC was consolidated to KTZ Express JSC, which is a implementing its Development Strategy and managed to multimodal operator responsible for the development of transit traffic. This About achieve positive results. made it possible to create conditions to improve the performance by optimizing KTZ NCJSC the organizational structures and management apparatuses, enhancing focus Active engagement in the implementation process on customer and the ability to quickly adapt to the changing market conditions. with respect to the Chinese initiative One Belt, One Road, in the projects of the Governmental program Nurly Zhol, Throughout the reporting period, the Company’s management worked and the policy to attract transit freight traffic by creating on improving the performance, optimizing costs and ensuring the financial strategic alliances, building up new logistic competences stability of the Company.
    [Show full text]
  • Euro-Asian Transport Linkages Development
    Informal document No. 1 Distr.: General 20 January 2017 English only Economic Commission for Europe Inland Transport Committee Working Party on Transport Trends and Economics Group of Experts on Euro-Asian Transport Links Fifteenth session Yerevan, 31 January and 1 February 2017 Item 2 of the provisional agenda Identification of cargo flows on the Euro-Asian transport links Draft report of the phase III of the Euro-Asian Transport Links project Prepared by the "Scientific and Research Institute of Motor Transport" (NIIAT) Introduction 1. This document contains the draft final report of the phase III of the Euro-Asian Transport Links (EATL) project. It presents the results of the project’s phase III whose aim was to identify measures to make the overland EATL operational. 2. In particular, the report offers an overview and analysis of the existing situation in transport and trade along EATL routes, it reviews existing studies, programmes and initiatives on the development of EATL in the period 2013-2016, it identifies main transportation and trade obstacles in transport, trade, border-crossing, customs and transit along the EATL routes, and it formulates recommendations to overcome the identified obstacles as well as to further develop the trade across the EATL area. 3. This document is submitted to the fifteenth session of the Group of Experts on EATL for discussion and review. Informal document No. 1 TABLE OF CONTENTS I. EURO-ASIAN TRADE ROUTES AND FREIGHT FLOWS I.1. Economics and trade current situation in EATL Region I.1.1. General overview: world trade and economics I.1.2.
    [Show full text]
  • PUBLIC JOINT STOCK COMPANY TRANSCONTAINER International
    PUBLIC JOINT STOCK COMPANY TRANSCONTAINER International Financial Reporting Standards Interim Condensed Consolidated Financial Statements For the Three-Month Period ended 31 March 2020 PJSC TRANSCONTAINER TABLE OF CONTENTS Page STATEMENT OF MANAGEMENT’S RESPONSIBILITIES FOR THE PREPARATION AND APPROVAL OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED 31 MARCH 2020 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE THREE- MONTH PERIOD ENDED 31 MARCH 2020: Interim condensed consolidated statement of financial position ................................................................... 1 Interim condensed consolidated statement of profit or loss and other comprehensive income ................... 2 Interim condensed consolidated statement of cash flows ............................................................................. 3 Interim condensed consolidated statement of changes in equity.................................................................. 4 Notes to the interim condensed consolidated financial statements for the three-month period ended 31 March 2020 1. NATURE OF THE BUSINESS 5 2. BASIS OF PRESENTATION OF FINANCIAL STATEMENTS 5 3. PROPERTY, PLANT AND EQUIPMENT AND ADVANCES FOR ACQUISITION OF NON- CURRENT ASSETS 7 4. INTANGIBLE ASSETS 8 5. INVESTMENTS IN JOINT VENTURES 8 6. INVENTORIES 9 7. TRADE AND OTHER RECEIVABLES 10 8. PREPAYMENTS AND OTHER CURRENT ASSETS 10 9. SHORT-TERM INVESTMENTS 10 10. CASH AND CASH EQUIVALENTS 11 11. EQUITY 11 12. SHORT-TERM DEBT, LONG-TERM DEBT AND CURRENT PORTION OF LONG-TERM DEBT 11 13. RIGHT-IN-USE ASSETS AND LEASE OBLIGATIONS 13 14. EMPLOYEE BENEFIT LIABILITY 15 15. CONTRACTS LIABILITIES 16 16. TRADE AND OTHER PAYABLES 16 17. TAXES OTHER THAN INCOME TAX PAYABLE 16 18. SETTLEMENTS WITH EMPLOYEES 16 19. REVENUE AND SEGMENT INFORMATION 16 20. OTHER OPERATING INCOME 17 21. OPERATING EXPENSES 17 22.
    [Show full text]
  • Organisation for Co-Operation Between Railways (Osjd)
    ORGANISATION FOR CO-OPERATION BETWEEN RAILWAYS (OSJD) Организация сотрудничества железных дорог (ОСЖД) 铁 路 合 作 组 织 (铁 组) Organisation für die Zusammenarbeit der Eisenbahnen (OSShD) R E P O R T ON THE ACTIVITIES OF THE ORGANISATION FOR CO-OPERATION BETWEEN RAILWAYS FOR 2019 Members of OSJD As of 30 September 2019 The Countries and Railways - Members of OSJD Countries Railways/Authorities Republic of Azerbaijan AZD - Azerbaijani Railways CJSC Republic of Albania Islamic Republic of Afghanistan ARA - Afghanistan Railway Authority (ARA) Republic of Belarus BC - Byelorussian Railway Republic of Bulgaria BDZ - Holding “Bulgarian State Railways” Hungary MAV - CJSC “Hungarian State Railways” Socialist Republic of Vietnam VZD - Vietnamese Railway State Company Georgia GR - “Georgian Railway” JSC Islamic Republic of Iran RAI - Railway of the Islamic Republic of Iran Republic of Kazakhstan KZH - JSC “Kazakhstan Temir Zholy National Company” (Railway of Kazakhstan) People’s Republic of China KZD - State Department for Railways / China State Railway Group Со., Ltd. Democratic People’s Republic of Korea (DPRK) ZC - Railways of the People's Democratic Republic of Korea Republic of Korea KORAIL - Korea Railroad Corporation Republic of Cuba Kyrgyz Republic KRG - “Kyrgyz Temir Zholy National Enterprise” State Company (Kyrgyz Railway) Republic of Latvia LDZ - State JSC “Latvian Railway” (Latvijas dzelzceļš) Republic of Lithuania LTG - JSC “Lithuanian Railways” (AB “Lietuvos geležinkeliai“) Republic of Moldova CFM - State Enterprise “Railway of Moldova” Mongolia
    [Show full text]
  • Railway Network
    Organized by: Kindly hosted by: KEY CORRIDORS, MAIN TERMINALS AND TRAIN FEATURES IN THE “SILK ROAD” RAILWAY NETWORK Towards a high performance “pipeline” Trans-Eurasian Railway Land Bridge European Parliament (P3C050 Room) Entrance through Altiero Spinelli Building Agora Simone Veil / Esplanade Solidarnósc th Brussels, November 8 , 2017 OBJECTIVES OF THE CONFERENCE MAIN PURPOSE OF THE CONFERENCE The main purpose of the Conference is to promote a significant competitiveness improvement in the Eurasian trade and manufacturing processes, through a high performance “pipeline” Trans-Eurasian Railway Land Bridge, linking the strategic hubs of the main socioeconomic Mega-Regions in the Eurasian continent. Moreover, the Conference aims at pushing forward a fully synchronized manufacturing system between China and Europe with “just-in-time” deliveries to final destinations and minimal intercontinental transit stocks. THE SIX FACTORS OF EXCELLENCE (Quality, Cost, Delivery, Research, Management and Environment) Eurasia holds more than 70% of the worldwide population. Trade among the different countries in this huge continent reveals a continuous growth trend, particularly in the commercial exchanges between China, European Union and Russian Federation. As we are dealing with long distances, the most suitable transportation modes are sea, air and rail, duly complemented, when necessary, by road for the final stage. The key issue is to select the most adequate process for goods transportation considering the added value of the products to be transported
    [Show full text]