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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 31.12.2018 and 31.12.2019
RUB m31.12.201831.12.2019
Backlog275,090280,414
Backlog by business segments
RUB m31.12.2018 31.12.2019
Roads and bridges164,280193,588
Airports and airfields12,4705,982
Other infrastructure1,5761,677
Services96,76479,167
Total275,090280,414
Backlog by customers
RUB m31.12.2018 31.12.2019
Federal state agencies47,46042,672
State corporations145,630108,227
Regional and Municipal authorities66,572124,484
Private customers15,4285,031
Total275,090280,414
Backlog by regions
RUB m31.12.2018 31.12.2019
Central211,303231,831
South30,89426,359
Far East19,99510,846
Other12,89711,378
Total275,090280,414