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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 30 June 2016
RUB m31.12.201530.06.2016
Backlog298,226343,519
Backlog by business segments
RUB m31.12.201530.06.2016
Roads and bridges222,881273,137
Airports and airfields41,52036,167
Other infrastructure2,5974,907
Services31,22729,308
Total298,226343,519
Backlog by customers
RUB m31.12.201530.06.2016
Federal state agencies78,620142,659
State corporations130,579106,800
Regional and Municipal authorities85,42485,959
Private customers3,6028,101
Total298,226343,519
Backlog by regions
RUB m31.12.201530.06.2016
Central169,855163,396
South33,252100,700
North-west76,18061,938
Other18,94017,485
Total298,226343,519