Annual Report 2015


Information disclosure and reporting policy of Russian Railways

Russian Railways prepares consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) and conducts audits twice a year: in the form of a review for the first half of the reporting year and in the form of an audit for the entire reporting year. Since 2014, the deadline for preparing and auditing the consolidated annual statement must not exceed 120 days from the reporting date.