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all items 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Adjusted EBITDA

Adjusted EBITDA (a non-GAAP financial measure) represents EBITDA excluding “Net foreign exchange transaction (gains)/losses on borrowings and other liabilities”, “Net foreign exchange transaction (gains)/gains on cash and cash equivalents and other monetary assets”, “Share of profit/(loss) of associates”, “Other gains - net” and “(Gain)/loss on sale of property, plant and equipment”.



Adjusted EBITDA Margin

Adjusted EBITDA Margin (a non-GAAP financial measure) is calculated as Adjusted EBITDA divided by Adjusted Revenue.



Adjusted Revenue

Adjusted Revenue (a non-GAAP financial measure) is calculated as “Total revenue” less the following “pass through” items “Infrastructure and locomotive tariffs – loaded trips” and “Services provided by other transportation organisations”. 



Average Distance of Loaded Trip

Average Distance of Loaded Trip is calculated as the sum of the distances of all loaded trips for a period divided by the number of loaded trips for the same period.



Average Number of Loaded Trips per Railcar

Average Number of Loaded Trips per Railcar is calculated as total number of loaded trips in the relevant period divided by Average Rolling Stock Operated.



Average Price per Trip

Average Price per Trip is calculated as Net Revenue from Operation of Rolling Stock divided by total number of loaded trips during the relevant period in the respective currency.



Average Rolling Stock Operated

Average Rolling Stock Operated is calculated as the average weighted (by days) number of rolling stock available for operator services (not including rolling stock in maintenance, purchased rolling stock in transition to its first place of commercial utilisation, rolling stock leased out or Engaged Fleet).



EBITDA

EBITDA (a non-GAAP financial measure) represents “Profit for the year” before “Income tax expense”, “Finance costs - net” (excluding “Net foreign exchange transaction (gains)/losses on borrowings and other liabilities” and “Net foreign exchange transaction (gains)/losses on cash and cash equivalents and other monetary assets”), “Depreciation of property, plant and equipment”, “Amortisation of intangible assets”, “Impairment of property, plant and equipment” and “Impairment of intangible assets”. 



Empty Run Costs

Empty Run Costs (a non-GAAP financial measure meaning costs payable to RZD for forwarding empty railcars) is derived from management accounts and presented as part of the “Infrastructure and locomotive tariffs: empty run trips, other tariffs” component of “Cost of sales” reported under EU IFRS. Empty Run Costs do not include costs of relocation of rolling stock to and from maintenance, purchased rolling stock in transition to its first place of commercial utilisation, rolling stock leased in or leased out and Engaged Fleet.



Empty Run or Empty Runs

Empty Run or Empty Runs means movement of railcars without cargo for the whole or a substantial part of the journey.



Empty Run Ratio

Empty Run Ratio is calculated as the total of empty trips in kilometres by respective rolling stock type divided by total loaded trips in kilometres of such rolling stock type. Empty trips are only applicable to rolling stock operated (not including rolling stock in maintenance, purchased rolling stock in transition to its first place of commercial utilisation, rolling stock leased out or Engaged Fleet).



Engaged Fleet

Engaged Fleet is defined as rolling stock subcontracted or otherwise attracted from a third party operator for a loaded trip from the point of origination to the cargo’s destination, at which point the railcar is then released to such third-party.



Free Cash Flow

Free Cash Flow (a non-GAAP financial measure) is calculated as “Net cash from operating activities” (after “Changes in working capital” and “Tax paid”) less “Purchases of property, plant and equipment” (which includes maintenance CAPEX) and “Interest paid”. 



Freight Rail Turnover

Freight Rail Turnover is a measure of freight carriage activity over a particular period calculated as the sum of tonnage of each loaded trip multiplied by the distance of each loaded trip, expressed in tonnes-km. It includes volumes transported by the Engaged Fleet, unless otherwise stated.



GDRs or Global Depositary Receipts

GDRs or Global Depositary Receipts of the Company each representing one ordinary share.



Gondola car

Gondola is an open-top type of rolling stock that is used for carrying loose bulk materials.



Hopper car

Hopper car is a type of railroad freight car used to transport loose bulk commodities, and distinguished from a gondola car in that it has opening doors on the underside or on the sides to discharge its cargo. 

 



Infrastructure and Locomotive Tariffs – Other Tariffs

Infrastructure and Locomotive Tariffs – Other Tariffs (a non-GAAP financial measure) is presented as part of the ‘‘Infrastructure and locomotive tariffs – empty run trips, other tariffs’’ component of “Cost of sales” reported under EU IFRS.



Leased-in Fleet

Leased-in Fleet is defined rolling stock fleet leased-in under operating leases, including both railcars and locomotives.



Leased-out Fleet

Leased-out Fleet is defined as rolling stock fleet leased to third parties under operating leases.



Locomotive

Locomotive is a railway vehicle that provides the motive power for a train.



Market Share

Market Share is calculated using the Group’s own information as the numerator and information published by Rosstat as the denominator. The Group’s Market Share is calculated as a percentage of the overall Russian freight rail transportation volume and includes volumes transported by Engaged Fleet.



Net Debt

Net Debt (a non-GAAP financial measure) is defined as the sum of total borrowings (including interest accrued) less “Cash and cash equivalents”.



Net Revenue from Engaged Fleet

Net Revenue from Engaged Fleet (a non-GAAP financial measure) represents the net sum of the price charged for transportation to clients by the Group utilising Engaged Fleet less the loaded railway tariff charged by RZD (included in the EU IFRS line item “Infrastructure and locomotive tariff – loaded trip”) less the cost of attracting fleet from third-party operators (included in the EU IFRS line item “Services provided by other transportation organisations”).



Net Revenue from Operation of Rolling Stock

Net Revenue from Operation of Rolling Stock (a non-GAAP financial measure) is defined as the sum of “Revenue from railway transportation-operators services (tariff borne by the Group)” and “Revenue from railway transportation-operators services (tariff borne by the client)” less “Infrastructure and locomotive tariffs – loaded trips”, “Services provided by other transportation organisation” and Net Revenue from Engaged Fleet.



Net Working Capital

Net Working Capital (a non-GAAP financial measure) is calculated as the sum of the current portions of “Inventories”, “Current income tax assets”, “Trade receivables - net”, “Prepayments - third parties”, “Prepayments - related parties”, “Other receivables - net”, and “VAT recoverable”, less the sum of the current portions of “Trade payables to third parties”, “Trade payables to related parties”, “Advances from customers for transportation services”, “Advances from related parties for sale of wagons”, "Accrued expenses", “Other payables to third parties”, “Other payables to related parties” and “Current tax liabilities”.



OAO Russian Railways

State owned railway company.



Other Operating Cash Costs

Other Operating Cash Costs (a non-GAAP financial measure) include cost items such as “Operating lease rentals - office”, “Auditors’ remuneration”, “Advertising and promotion”, “Communication costs”, “Information services”, “Taxes (other than income tax and value added taxes)” and “Other expenses”.



Owned Fleet

Owned Fleet is defined as the rolling stock fleet owned and leased in under finance lease as at the end of the reporting period. It includes railcars and locomotives unless otherwise stated and excludes Engaged Fleet. 



Rail tank car

Tank car is a type of railroad rolling stock designed to transport liquid and gaseous commodities.



Share of Empty Run Kilometres Paid by Globaltrans

Share of Empty Run Kilometres Paid by Globaltrans is defined as the percentage of empty run kilometres paid by Globaltrans divided by the total amount of empty run kilometres incurred by the fleet operated by Globaltrans (not including relocation of rolling stock to and from maintenance, purchased rolling stock in transition to its first place of commercial utilisation, and rolling stock leased out or Engaged Fleet) in the relevant period.



Total Empty Run Ratio

Total Empty Run Ratio is calculated as total kilometres travelled empty divided by the total kilometres travelled loaded by the fleet operated by Globaltrans (not including the relocation of rolling stock to and from maintenance, purchased rolling stock in transition to its first place of commercial utilisation, or rolling stock leased out or Engaged Fleet) in the relevant period.



Total Fleet

Total Fleet is defined as the total rolling stock owned and leased in under finance and operating leases as at the end of period. It includes railcars and locomotives unless otherwise stated and excludes Engaged Fleet.



Total Operating Cash Costs

Total Operating Cash Costs (a non-GAAP financial measure) represent operating cost items payable in cash and calculated as “Total cost of sales, selling and marketing costs and administrative expenses” less the “pass through” items: “Infrastructure and locomotive tariffs: loaded trips” and “Services provided by other transportation organisations” and non-cash items: “Depreciation of property, plant and equipment”, “Amortisation of intangible assets”, “Impairment charge for receivables” and “(Gain)/loss on sale of property, plant and equipment”.



Total Operating Non-Cash Costs

Total Operating Non-Cash Costs (a non-GAAP financial measure) include cost items such as “Depreciation of property, plant and equipment”, “Amortisation of intangible assets”, “Impairment charge for receivables”, “Impairment of property, plant and equipment” and “(Gain)/loss on sale of property, plant and equipment”.



Transportation Volume

Transportation Volume is a measure of freight carriage activity over a particular period measuring weight of cargo carried in million tonnes. It includes volumes transported by Engaged Fleet, unless otherwise stated.


all items 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Last updated: 13.02.2017