Plus or Minus Chubais
The dramatic formula is very suitable for our main privatization: “Come back, I will forgive everything!” At what posts only Anatoly Chubais didn’t check in, and left an indelible mark everywhere. And always returned. And always in the new hypostasis. Less than a year has passed since the General Prosecutor’s Office suspended an attempt to transform a state-owned nano-corporation, transformed into an open joint-stock company, into a kind of private shop, as its head already issues a truly brilliant financial report to the president.
Sources from the Kremlin report that following the results of 2018, Rosnano managed to get a net profit of 5,6 billion rubles, about which the head of the state corporation Anatoly Chubais reported to President Vladimir Putin. The data that appear on the official network resources of Rosnano, look even better. There we are already talking about multibillion-dollar incomes, the highest level of return on investment and other accounting issues.
But all this, in fact, only camouflages deft manipulations with state property, which are carried out by the newly formed Rosnano Asset Management Company. This office, by all indications, was created, as is customary in all the structures that Anatoly Borisovich has ever led, only to remove assets from tight control and real audit. But more about that below.
Now, on Rosnano, the president and the general public showed the highest profit for the entire history state corporations. Chubais even boldly started talking about paying dividends to the state. However, even if his “child” each year will send them 550 million rubles, as he promises on the basis of 2018, they will take almost 300 years to complete the calculation with the country. And for the power becomes really hurt. After all, she invested in Rosnano, according to the Prosecutor General's Office, quietly published last year, at least 147 billion rubles.
But let's say that dividends are not everything. We will proceed at least from the same "net profit", which Mr. Chubais counted from the former corporation on 5,6 a billion rubles. We perform the same simple division operation and get no longer 300, but only 25, the maximum is 30 years. Payback rates are truly impressive. It turns out exactly like Khoja Nasreddin - one of the three will die by that time.
In the beautiful report of the ex-privatizer and the ex-energy sector of All Russia there is one more interesting indicator - the profitability of Rosnano investments. According to A. Chubais, it was a little more than 16 percent, and this figure is considered “decent and good”. Who is considered, and who is considered, the head of the state corporation did not explain to the president. Probably because the calculation here is directly related to the amount of the initial investment, which so far does not go to any comparison with the profits or with the return on investment.
However, Chubais once again spread straws when he told the president that the state corporation was able to cover the costs of its creation - 130 billion rubles. According to the head of Rosnano, the factories built by 97 have already paid billion rubles in taxes to the budget of 132. The fact that many of these plants are still not working at all, and some immediately after construction turned out to be uncompetitive, Chubais did not mention, as he didn’t recall that additional huge investments were made in the construction of these enterprises. not related to Rosnano.
The rise in prices, the fact that the value of all these assets during the lifetime of Rosnano was supposed to grow many times, but for some reason decreased, Chubais also chose not to recall. Meanwhile, even last spring, the competent authorities (the FSB and the Prosecutor General’s Office) not only recorded the underestimated value of Rosnano’s assets, but actually halted the attempt to rewrite most of them to the management company.
Recall about the success of “Rosnano” its “unsinkable” head began to report shortly before the very hard rebuke from the Prosecutor General’s Office and the FSB. Just a little over a year ago. Before that, Chubais had enough courage and audacity to speak mainly about the losses of the state corporation entrusted to him. At the same time, many doubted that the structure really worked in any effective way, although in reality Chubais simply needed to urgently prepare the ground for the impending privatization.
No, not Rosnano itself - the law did not allow it to be so cheeky, but only its management company. Which was specially created for this purpose by Mr. Chubais and his comrades. It was assumed that the management and employees of the corporation would buy out the management company already in 2016, which was said quite openly, even in the long-term development program of Rosnano. For it, you can not only request much less than for the structure that has grown up in a real business monster, but also attach really good hands. And hands preferably "their own". At the same time, once and for all, hide in the archives of a non-state structure information about all violations committed during the existence of the Rosnano corporation, which was transformed into Rosnano OJSC with the 100-percent state share in the share capital.
Andrei Bunich, a well-known economist and head of the Union of Entrepreneurs and Tenants, already noted that “Rosnano had a lot of assets that the public has no idea about. The former state corporation simply turned into a financial company that, earning from financial flows, acquired a lot And now, if all this could be privatized, then it would have been impossible to rewind the ends into water. It is impossible to check, to see what it was like, how it happened that such a company has just been in existence for years doped position, turns a lot of money. "
Andrei Bunich: what kind of “good business” did Chubais and his team have?
Today, Andrei Bunich is even more severe in his assessments; he noticed what kind of “good business” Chubais and his team had turned out to be. In 2007, they received 124 billion rubles, which at the time was equivalent to almost 5,5 billion dollars. And they wanted to return the entire 2 billion dollars. That is exactly what the 132 billion rubles already represent now, which the head of the state corporation Rosnano and its management company (management company) confidently reports.
Andrei Bunich also notes that "these 5,5 billions of dollars could be twisted over 12 years, given that Chubais has good relations with the Ministry of Finance, with the Central Bank. And how many could have been screwed into 5,5 billions of dollars? double up. " And now he is "with everyone in the calculation, owes nothing to anyone."
Recall, a year ago, the Prosecutor General’s Office, with the submission of the FSB, did not deal with the problems of the Rosnano company itself - it was the privatization of the UK Rosnano that was concerned about it. Then, in the materials of the prosecutor's office, it was recalled that in 2011, the state corporation of nanotechnologies was transformed into an open joint-stock company. From our side, we note that even if the 100-percentage stake for the state was kept for the state, this could be the first and most modest step towards the withdrawal of Rosnano from the control of the state. Eight years ago, this decision in Rosnano was correctly justified by the “need to ensure high efficiency of decision-making”.
At the same time, Rosnano constantly reminded that the transfer to shareholder rails and the organization of a separate management company UK was a normal, one might say, universally accepted practice. The top management of Rosnano OJSC then slowly began to move into the management positions of the management company, and of course, the most “top” of the managers retained their posts in the “managed” company itself. Who will refuse to receive two salaries at once (rather big ones, we note)?
But that was not the main strategic goal. Chubais and Co. were impatient to withdraw from the state control a large Rosnano, which really began to earn something. It did not work out directly, which means we went through the withdrawal of assets of the management company - the management company, where all the most valuable things had to go from the head structure. Including solid shareholdings in a number of the most successful Russian high-tech companies.
Obtaining state-owned shares in technological structures that created something really worthwhile was and remains one of the conditions for obtaining financial support from Rosnano. That is public money. As a result, such an approach in a number of cases results in a trivial "squeezing" of the business. When Rosnano checked the Accounts Chamber in 2017, this practice was noted in the auditors' reports, but it was still in the shadow of much more serious violations. Recall, it was about billions in losses, and not only because of the ineffective investment of public funds.
It was the state funds that were pumped through Rosnano by billions throughout all the years of its existence (more than ten already). The assets were not only “squeezed out”, but were bought at the expense of the budget, often without any analysis whether they needed Rosnano and how promising they were at all. Everything was served under the sauce of the so-called venture investments or innovations, when the funds go to tens and hundreds of companies at once, but only a few give a real return. And due to their success, all investments are subsequently paid off.
However last spring “The advancement of the work of law enforcement agencies has prevented a number of corruption crimes and significant damage to the economy of the country. As a result of informing the bodies of the Federal Security Service of the President of the Russian Federation, no loss of state control over the assets of OAO Rosnano cost 147 billion rubles was allowed (the privatization of OOO UK UK Rosnano at a reduced price was suspended). That was written in the official statement of the Prosecutor General’s Office.
Mikhail Delyagin, another well-known critic of the liberal economic model (in which the head of Rosnano feels just fine), recalls in this connection that Chubais also destroyed (that is, greatly underestimated. - A.P.) the cost of state assets the time of privatization, destroyed the cost, destroying the Russian electric power industry and pursuing a super-tight financial policy.
Mikhail Delyagin: Chubais continues to do what he likes - destroys value
According to M. Delyagin, "he (Chubais) is still doing what he likes now, destroying the cost of Rosnano. He promises to transfer 550 million rubles to the federal budget, but compare the amount of direct investments of the federal budget into Rosnano during its existence and budget guarantees, which Rosnano received during this time. You will see that Chubais reduced the value of assets by 2,6 times. "
For today joint-stock company "Rosnano" on 100% belongs to the state. At the same time, 99% LLC Management Company Rosnano is the property of the company. Personally, Anatoly Chubais has only 1% of the authorized capital. The head of Rosnano himself now prefers to talk about the prospects for the privatization of the managing company, this think tank and financial center of the state corporation, very carefully According to him, this option may not be included at all in the updated strategy of the management company, and privatization is becoming less and less realistic. "Our position on this issue is calm, we are not in the conditions" or privatization - or everything is lost, "- said al the head of Rosnano in one of his last interviews that preceded the report on the President’s carpet.
But at the suggestion of the head of the corporation, such facts as export growth to 68 billion rubles and successful third-party Rosnano investments are covered in a very positive and positive way. For example, according to the corporation itself, in 2018, private investments in various new funds were actively attracted, while Rosnano made a profit from 15 high-tech projects that took place. Rosnano highlights the success of Hevel, the leader of the Russian solar energy industry, Quantenna Communications, the developer and manufacturer of high-speed Internet chips and the Russian network of nuclear medicine centers. The growth of Rosnano companies, as Anatoly Chubais notes, will continue. Well, it would be his mouth! ..
Sources from the Kremlin report that following the results of 2018, Rosnano managed to get a net profit of 5,6 billion rubles, about which the head of the state corporation Anatoly Chubais reported to President Vladimir Putin. The data that appear on the official network resources of Rosnano, look even better. There we are already talking about multibillion-dollar incomes, the highest level of return on investment and other accounting issues.
But all this, in fact, only camouflages deft manipulations with state property, which are carried out by the newly formed Rosnano Asset Management Company. This office, by all indications, was created, as is customary in all the structures that Anatoly Borisovich has ever led, only to remove assets from tight control and real audit. But more about that below.
Now, on Rosnano, the president and the general public showed the highest profit for the entire history state corporations. Chubais even boldly started talking about paying dividends to the state. However, even if his “child” each year will send them 550 million rubles, as he promises on the basis of 2018, they will take almost 300 years to complete the calculation with the country. And for the power becomes really hurt. After all, she invested in Rosnano, according to the Prosecutor General's Office, quietly published last year, at least 147 billion rubles.
But let's say that dividends are not everything. We will proceed at least from the same "net profit", which Mr. Chubais counted from the former corporation on 5,6 a billion rubles. We perform the same simple division operation and get no longer 300, but only 25, the maximum is 30 years. Payback rates are truly impressive. It turns out exactly like Khoja Nasreddin - one of the three will die by that time.
In the beautiful report of the ex-privatizer and the ex-energy sector of All Russia there is one more interesting indicator - the profitability of Rosnano investments. According to A. Chubais, it was a little more than 16 percent, and this figure is considered “decent and good”. Who is considered, and who is considered, the head of the state corporation did not explain to the president. Probably because the calculation here is directly related to the amount of the initial investment, which so far does not go to any comparison with the profits or with the return on investment.
However, Chubais once again spread straws when he told the president that the state corporation was able to cover the costs of its creation - 130 billion rubles. According to the head of Rosnano, the factories built by 97 have already paid billion rubles in taxes to the budget of 132. The fact that many of these plants are still not working at all, and some immediately after construction turned out to be uncompetitive, Chubais did not mention, as he didn’t recall that additional huge investments were made in the construction of these enterprises. not related to Rosnano.
The rise in prices, the fact that the value of all these assets during the lifetime of Rosnano was supposed to grow many times, but for some reason decreased, Chubais also chose not to recall. Meanwhile, even last spring, the competent authorities (the FSB and the Prosecutor General’s Office) not only recorded the underestimated value of Rosnano’s assets, but actually halted the attempt to rewrite most of them to the management company.
Recall about the success of “Rosnano” its “unsinkable” head began to report shortly before the very hard rebuke from the Prosecutor General’s Office and the FSB. Just a little over a year ago. Before that, Chubais had enough courage and audacity to speak mainly about the losses of the state corporation entrusted to him. At the same time, many doubted that the structure really worked in any effective way, although in reality Chubais simply needed to urgently prepare the ground for the impending privatization.
No, not Rosnano itself - the law did not allow it to be so cheeky, but only its management company. Which was specially created for this purpose by Mr. Chubais and his comrades. It was assumed that the management and employees of the corporation would buy out the management company already in 2016, which was said quite openly, even in the long-term development program of Rosnano. For it, you can not only request much less than for the structure that has grown up in a real business monster, but also attach really good hands. And hands preferably "their own". At the same time, once and for all, hide in the archives of a non-state structure information about all violations committed during the existence of the Rosnano corporation, which was transformed into Rosnano OJSC with the 100-percent state share in the share capital.
Andrei Bunich, a well-known economist and head of the Union of Entrepreneurs and Tenants, already noted that “Rosnano had a lot of assets that the public has no idea about. The former state corporation simply turned into a financial company that, earning from financial flows, acquired a lot And now, if all this could be privatized, then it would have been impossible to rewind the ends into water. It is impossible to check, to see what it was like, how it happened that such a company has just been in existence for years doped position, turns a lot of money. "
Andrei Bunich: what kind of “good business” did Chubais and his team have?
Today, Andrei Bunich is even more severe in his assessments; he noticed what kind of “good business” Chubais and his team had turned out to be. In 2007, they received 124 billion rubles, which at the time was equivalent to almost 5,5 billion dollars. And they wanted to return the entire 2 billion dollars. That is exactly what the 132 billion rubles already represent now, which the head of the state corporation Rosnano and its management company (management company) confidently reports.
Andrei Bunich also notes that "these 5,5 billions of dollars could be twisted over 12 years, given that Chubais has good relations with the Ministry of Finance, with the Central Bank. And how many could have been screwed into 5,5 billions of dollars? double up. " And now he is "with everyone in the calculation, owes nothing to anyone."
Recall, a year ago, the Prosecutor General’s Office, with the submission of the FSB, did not deal with the problems of the Rosnano company itself - it was the privatization of the UK Rosnano that was concerned about it. Then, in the materials of the prosecutor's office, it was recalled that in 2011, the state corporation of nanotechnologies was transformed into an open joint-stock company. From our side, we note that even if the 100-percentage stake for the state was kept for the state, this could be the first and most modest step towards the withdrawal of Rosnano from the control of the state. Eight years ago, this decision in Rosnano was correctly justified by the “need to ensure high efficiency of decision-making”.
At the same time, Rosnano constantly reminded that the transfer to shareholder rails and the organization of a separate management company UK was a normal, one might say, universally accepted practice. The top management of Rosnano OJSC then slowly began to move into the management positions of the management company, and of course, the most “top” of the managers retained their posts in the “managed” company itself. Who will refuse to receive two salaries at once (rather big ones, we note)?
But that was not the main strategic goal. Chubais and Co. were impatient to withdraw from the state control a large Rosnano, which really began to earn something. It did not work out directly, which means we went through the withdrawal of assets of the management company - the management company, where all the most valuable things had to go from the head structure. Including solid shareholdings in a number of the most successful Russian high-tech companies.
Obtaining state-owned shares in technological structures that created something really worthwhile was and remains one of the conditions for obtaining financial support from Rosnano. That is public money. As a result, such an approach in a number of cases results in a trivial "squeezing" of the business. When Rosnano checked the Accounts Chamber in 2017, this practice was noted in the auditors' reports, but it was still in the shadow of much more serious violations. Recall, it was about billions in losses, and not only because of the ineffective investment of public funds.
It was the state funds that were pumped through Rosnano by billions throughout all the years of its existence (more than ten already). The assets were not only “squeezed out”, but were bought at the expense of the budget, often without any analysis whether they needed Rosnano and how promising they were at all. Everything was served under the sauce of the so-called venture investments or innovations, when the funds go to tens and hundreds of companies at once, but only a few give a real return. And due to their success, all investments are subsequently paid off.
However last spring “The advancement of the work of law enforcement agencies has prevented a number of corruption crimes and significant damage to the economy of the country. As a result of informing the bodies of the Federal Security Service of the President of the Russian Federation, no loss of state control over the assets of OAO Rosnano cost 147 billion rubles was allowed (the privatization of OOO UK UK Rosnano at a reduced price was suspended). That was written in the official statement of the Prosecutor General’s Office.
Mikhail Delyagin, another well-known critic of the liberal economic model (in which the head of Rosnano feels just fine), recalls in this connection that Chubais also destroyed (that is, greatly underestimated. - A.P.) the cost of state assets the time of privatization, destroyed the cost, destroying the Russian electric power industry and pursuing a super-tight financial policy.
Mikhail Delyagin: Chubais continues to do what he likes - destroys value
According to M. Delyagin, "he (Chubais) is still doing what he likes now, destroying the cost of Rosnano. He promises to transfer 550 million rubles to the federal budget, but compare the amount of direct investments of the federal budget into Rosnano during its existence and budget guarantees, which Rosnano received during this time. You will see that Chubais reduced the value of assets by 2,6 times. "
For today joint-stock company "Rosnano" on 100% belongs to the state. At the same time, 99% LLC Management Company Rosnano is the property of the company. Personally, Anatoly Chubais has only 1% of the authorized capital. The head of Rosnano himself now prefers to talk about the prospects for the privatization of the managing company, this think tank and financial center of the state corporation, very carefully According to him, this option may not be included at all in the updated strategy of the management company, and privatization is becoming less and less realistic. "Our position on this issue is calm, we are not in the conditions" or privatization - or everything is lost, "- said al the head of Rosnano in one of his last interviews that preceded the report on the President’s carpet.
But at the suggestion of the head of the corporation, such facts as export growth to 68 billion rubles and successful third-party Rosnano investments are covered in a very positive and positive way. For example, according to the corporation itself, in 2018, private investments in various new funds were actively attracted, while Rosnano made a profit from 15 high-tech projects that took place. Rosnano highlights the success of Hevel, the leader of the Russian solar energy industry, Quantenna Communications, the developer and manufacturer of high-speed Internet chips and the Russian network of nuclear medicine centers. The growth of Rosnano companies, as Anatoly Chubais notes, will continue. Well, it would be his mouth! ..
Information