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Backlog

Backlog is not a measure defined by IFRS. The relevant entity’s backlog represents its estimate of the contract value of its projects that remains to be completed as at a particular date, excluding VAT. Such value is calculated as the total contract value for each project less the amounts already recognised as revenue from the contracts for such projects. The total contract value of a particular project represents the total amount that the relevant entity expects to recognise as revenue from the contract for such project, assuming the contract is performed in accordance with its terms. A project is included in the backlog of a relevant entity when a contract for the project is executed.

Backlog as at 31 December 2015 and 2016
RUB m31.12.201531.12.2016
Backlog298,226418,971
Backlog by business segments
RUB m31.12.201531.12.2016
Roads and bridges222,881343,931
Airports and airfields41,52028,400
Other infrastructure2,5973,659
Services31,22742,982
Total298,226418,971
Backlog by customers
RUB m31.12.201531.12.2016
Federal state agencies78,620123,112
State corporations130,579195,207
Regional and Municipal authorities85,42487,791
Private customers3,60212,851
Total298,226418,971
Backlog by regions
RUB m31.12.201531.12.2016
Central169,855256,448
South33,25291,615
North-west76,18041,899
Other18,94029,009
Total298,226418,971