Main article about the company: National Payment Card System (NSPK)
2023: Revenue growth 1.4 times to 71.9 billion rubles
The revenue of the National Payment Card System (NSPK) for 2023 increased 1.4 times compared to 2022 and reached 71.9 billion rubles. The net profit of the Mir card operator increased by a similar amount - from 25.3 billion to 35.1 billion rubles. Such data are given in the reporting under RAS, which the NSPK disclosed in early April 2024
Interfax, citing NSPK documents, cites some of the company's indicators for 2023:
- profit from sales increased 1.5 times to 42.1 billion rubles;
- sales expenses increased by 35.8% to RUB 15.93 billion;
- expenses on marketing and promotion, including shares with partners, increased 1.5 times to 10.6 billion rubles;
- advertising spending increased by 21% to 4.6 billion rubles;
- IT infrastructure maintenance costs slightly decreased - from 1.32 billion to 1.31 billion rubles;
- payments under loyalty programs increased 1.7 times to 5.76 billion rubles.
The national payment card system in 2023 paid a windfall tax of 1.77 billion rubles. Windfall tax is taken into account as part of other taxes and fees, they amounted to 2.14 billion rubles in 2023.
It also follows from the materials of the NSPK that by the end of 2023 the company's receivables increased 1.6 times, to 11.9 billion rubles. Accounts payable increased 1.5 times to 22.56 billion rubles.
According to the results of 2023, funds in a special account of the PS Mir Guarantee Fund (formed to ensure the fulfillment of obligations of payment system participants in case of a lack of funds in the participant's account) increased 1.4 times to 20.19 billion rubles. The return of overpaid contributions to the guarantee fund of the Mir system in 2023 reached 17.8 billion rubles against 4.6 billion rubles a year earlier.[1]
2022: Growth in profit 2.5 times to 25.3 billion rubles
At the end of 2022, the National Payment Card System (NSPK) received a net profit of 25.3 billion rubles against 9.9 billion rubles in profit a year earlier. The card operator "Mir" published such data in early May 2023.
According to Interfax, citing NSPK reports, the organization's revenue in 2022 reached 50.3 billion rubles, an increase of 1.7 times compared to a year ago (29.4 billion rubles). Profit from sales increased even more - 2.4 times, to 28.7 billion rubles.
Accounts receivable from NSPK in 2022 increased 1.6 times, to 7.6 billion rubles from 4.8 billion rubles in 2021. Accounts payable increased more than 2 times, to 15.1 billion rubles compared to 7.2 billion rubles in 2021.
Cash receipts increased 4 times, to 177.3 billion rubles (44.2 billion rubles in 2021). Revenues from the sale of goods and services increased 1.7 times, to 47.9 billion rubles (28.8 billion rubles in the previous year). Other receipts include contributions to the guarantee fund of the payment system (13 billion rubles, 4.6 billion rubles were returned to participants), settlements with participants in the Mir payment system (91 billion rubles) and subsidies for the implementation of the tourist cashback program (20.3 billion rubles), as well as payments under the loyalty program PS "Mir" (3.4 billion rubles).
Funds in a special account of the PS Mir Guarantee Fund increased 2.6 times, to 14 billion rubles. The fund was formed to ensure the fulfillment of obligations of participants in the payment system (PS) in case of a lack of funds on the participant's account. For Russian participants, the fund is formed in rubles and is recorded in a special account opened at the Central Bank settlement center. It contains the main amount of funds - 13.7 billion rubles.[2]
2019
Net profit growth by 17% to 5.6 billion rubles
On March 30, 2020, NSPK JSC published its financial statements for the 12 months of 2019, compiled in accordance with Russian accounting standards (RAS).
At the end of 2019, the net profit of NSPK JSC amounted to 5.6 billion rubles. Thus, this indicator increased by 17% compared to the same period in 2018. Revenue growth had a significant impact on net income growth, as in 2018.
In 2019, the company received revenue in the amount of 16.2 billion rubles. The increase in this indicator compared to 2018 amounted to 36.2%, in absolute terms, the revenue of NSPK JSC increased by almost 4.3 billion rubles.
Significant revenue growth in 2019 was due, in particular, to the development of the cashless payments market. According to official figures, in to data Bank of Russia 2019 the number of non-cash transactions made on the territory Russia using cards issued by the Russian credit organizations increased by 33% - from 29 to 38.6 billion transactions, in monetary volume the market showed an increase of almost 29% - from 48.4 to 62.4 trillion. rubles
The launch of PS "" products and services and the continuing growth of World card issue had a significant impact on the increase in the company's revenue "Mir" - at the end of 2019 Russian banks , about 73 million national ones were issued. payment cards
During the reporting period, NSPK JSC paid income tax in the amount of 1.78 billion rubles.
In 2019, expenses of NSPK JSC amounted to 9.4 billion rubles, which is 51% more than in 2018. Among other things, the expenditure part of the company's budget increased due to an increase in staff - the company's number of employees increased by 20% in 2019. Thanks to this, it became possible to even more actively develop existing and implement emerging projects and areas of work of NSPK JSC, as well as expand the range of services provided by the company. Among them are the introduction and development of services provided to international payment systems and participating banks of the Mir payment system, the international development of Mir PS and the improvement of existing Mir PS services for holders of national payment cards in order to provide them with the most convenient and profitable solutions. This work included the development of services aimed at increasing transactional activity and loyalty of Mir cardholders, as well as increasing the attractiveness of national payment cards for consumers.
At the same time, NSPK JSC has maintained a traditionally high level of return on capital - in 2019 this indicator amounted to 35.3%, which confirms the effective use of the company's own funds. This is also evidenced by the fact that during the reporting period the company did not receive additional financing due to an increase in the authorized capital by the shareholder and did not attract borrowed funds. All expenses of NSPK JSC of an operational and investment nature in 2019 were carried out only at the expense of the company's own funds, as a year earlier.
Among the mobile services presented by NSPK, great attention was paid to the Mir Pay mobile payment service in 2019, to which 42 banks joined at the end of 2019. One of the largest projects of the Mir payment system in 2019 was the launch of transport actions that allow holders of Mir contactless cards to save on public transport in several cities.
In addition, in early 2019, the Fast Payment System (FPS) was launched, where the Bank of Russia acts as an operator and settlement center, and NSPK - as an operational payment and clearing center. The development of the SBP is one of the most important areas of work of NSPK JSC, within which large-scale resource and operational support of this service is carried out.
In 2019, Finexpertiza was chosen as the auditor of NSPK JSC.
Increase in annual revenue by 70% to 4.1 billion rubles
The revenue of the National Payment Card System (NSPK) in 2019 amounted to 16.2 billion rubles, which is 36.2% more than a year earlier. In absolute terms, the company's revenues increased to almost 4.3 billion rubles and the revenue of the Russian payment system Mir, operated by NSPK, increased by 70% to 4.1 billion rubles.
A tangible increase in revenue in the company was associated with the development of the market for non-cash payments. According to the Central Bank of the Russian Federation, in 2019 the number of non-cash transactions made in Russia using cards issued by Russian credit institutions increased by 33% - from 29 to 38.6 billion transactions, in monetary volume the market showed an increase of almost 29% - from 48.4 to 62.4 trillion rubles.
In addition, the launch of new products and services of the Mir system and the continuing growth in card issuance influenced the increase in the company's revenue - as of the end of 2019, Russian banks issued about 73 million national payment cards.
At the end of 2019, NSPK registered a net profit of 5.6 billion rubles, which is 17% more than a year ago. This rise was largely due to an increase in revenue, according to financial materials compiled in accordance with Russian accounting standards (RAS).
The Mir system accounted for a quarter of NSPK's revenue in 2019. The rest is brought to income for the processing of domestic Russian traffic of international payment systems, the largest of which are Visa and Mastercard. All domestic Russian transactions are processed by NSPK using their cards.
In 2019, NSPK revenues from processing traffic of international systems increased by 26% in 2019 and amounted to 11.9 billion rubles. NSPK's annual expenses jumped 51% to 9.4 billion rubles.[3]
2017: Revenue growth by 27% to 7.9 billion rubles, profit - to 3.3 billion
- At the end of 2017, the net profit of NSPK JSC amounted to 3.3 billion rubles, which is 27.5% more than in 2016. Revenue growth had a significant impact on the net profit indicator.
- In 2017, the company's revenue amounted to 7.9 billion rubles. Compared to 2016, it increased by 1.7 billion rubles, the total increase in the indicator was 27.4%. In particular, as part of the provision of PS services "Mir" , revenue increased by 399 million rubles. The growth of revenue was significantly influenced by the development of the non-cash payment market, the connection of new participants to the Mir payment system, as well as the growth of the issue of Mir cards - at the end of 2017, the number of banks Russian national payment cards issued exceeded 30 million.
- In 2017, the company's expenses amounted to 4.1 billion rubles, which is 26.7% more than in 2016. The increase in expenses is also due to an increase in the volume of services provided by the company, an expansion of services provided by international payment systems and participating banks of the Mir payment system.
- In 2017, a significant part of its own funds was invested in the development of the Mir payment system, the introduction of new products and services, and the creation of new infrastructure facilities.
- Income tax for the reporting period amounted to 905 million rubles.
- In 2017, the high level of return on capital of NSPK JSC was maintained, this indicator amounted to 36.7%.
2016: The NSPK paid off 90% in two years. Net profit of 2.6 billion rubles on revenue of 6.2 billion
Net profit in 2016 amounted to 2.6 billion rubles. The net profit of NSPK in 2015 amounted to 1.2 billion rubles. In total, according to the results of two years of work, the net profit of the NSPK amounted to 3.8 billion rubles - this is 90% of the amount spent on the creation of the system. The formation of the net profit indicator in 2016 was significantly influenced by revenue, which in 2016 amounted to 6.2 billion rubles.
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