OUR ECONOMY - the figures of our Company's activity:

The productive capacities of fishing vessels of the Company have provided in 1997-2008 the total catch more than 400 thousand tons of water bio-resources. The basic figures of fishery, production and financial-economic activity of the Company are shown below in following tables.

 

 

total catch of fish in 1997-2008, tons

 

Year

Totally ground fish

Including:

Totally pelagic fish

Including:

Cod

Haddock

Redfish

Halibut

Skate

Shrimp

Capelin

Herring

Blue whiting

1997

2 283,4

1 755,0

139,0

9,0

101,0

---

---

---

---

---

---

1998

6 541,4

2 839,2

985,3

161,6

1 807,8

107,2

---

3 789,3

---

168,8

3 620,5

1999

8 135,8

2 502,6

414,6

684,6

3 541,9

286,3

---

30 169,2

3 042,0

18 197,2

7 966,9

2000

11 828,7

2 345,1

339,7

2 235,1

2 303,4

3 811,8

---

53 646,9

32 936,0

15 666,5

5 044,7

2001

11 057,2

3 075,5

770,9

408,1

1 162,0

2 532,3

---

48 645,2

22 999,2

7 022,1

18 623,9

2002

10 070,8

3 095,0

615,7

1 369,2

1 210,1

3 216,3

---

67 870,1

37 159,2

3 703,8

27 007,9

2003

6 342,2

128,5

15,0

159,7

1 469,4

3 247,2

---

35 476,3

4 024,8

2 357,5

29 795,5

2004

6 092,8

425,7

22,3

159,6

882,6

3 556,2

---

40 445,9

---

2 752,4

37 693,5

2005

5 397,9

1 896,9

386,7

1 221,5

1 059,0

80,3

412,5

15 205,0

---

---

15 205,0

2006

4 730,5

2 039,3

534,2

896,3

757,7

5,8

248,3

5 437,6

---

2 026,8

3 157,3

2007

7 066,5

2 662,8

808,0

850,2

1 424,2

652,1

29,1

5 312,0

---

2 901,7

2 117,6

2008

8 101,0

3 339,4

1 212,1

1 114,6

1 331,0

404,7

186,4

10 504,1

---

4 406,6

5 717,3

Total

87 648,2

26 105,0

6 243,5

9 269,5

17 050,2

17 900,2

876,3

316 501,6

100 161,2

59 203,4

155 950,2

Totally

404 149,784

 

Comments:

  1. Sharp decrease of cod and haddock harvesting in 2003 has occurred owing to the loss of basic trawler "Murman" which has fished these objects in Barents Sea. The increase of these figures in next years was owing to putting into operation of new trawler "Melkart".
  2. The monopolistic position of Company's vessels in NAFO area in 1998-2000 allowed to accomplish practically unlimited fishery of halibut within the total Russian quota. Such situation did not exist any more in the further.
  3. Decrease of catch volumes in 2001 and in 2003 was due to significant reduction of quotas for fishing of some species practically in all areas of fishery.
  4. The fall of skate catch in NAFO area since 2005 was due to institution of quotas for this harvesting and unresolved problem of allocation of this quota in Russia.
  5. Since 2004 the full ban on capelin harvesting is entered in Barents and Norwegian Seas, until full recovery of its fishery stock.
  6. Sharp decrease of fishing of pelagic species since 2005 has been due to breakdown of the basic seiner-trawler "Murman-2" in May, 2005, and then the termination of its bareboat charter party. From the end of 2006 the pelagic fishing is renewed by new seiner-trawler "North Ocean".
  7. In 2001-2005 the Company's vessels besides traditional species have fished the squid in Southwest Atlantic (1206,0 tons), the white hake (1933,8 tons) and the grenadier (648,6 tons) in NAFO area and also have actively harvested the flounder (1464,9 tons) in NAFO area and in Northeast Atlantic.

 

 

manufacture of fish products in 1997-2008, tons

 

Year

Deliveries of frozen products from ground fish,

including:

Deliveries of frozen products from pelagic fish, to Russia

Deliveries of cooled pelagic fish, including:

Average quantity of vessels in the Company:

fillets

on export

cut and uncut

for human consumption

for meal and oil production

to

Russia

on export

to Russia

on export

to Russia

on export

ground fishing

pelagic fishing

1997

740,4

---

68,3

---

---

---

---

---

0,5

---

1998

1 489,5

---

1 516,0

---

---

169,0

---

3 620,3

2,5

0,25

1999

1 130,3

181,4

3 257,0

---

2 385,2

6 845,6

2 282,6

18 655,8

3

1

2000

1 128,3

165,8

4 624,7

---

6 464,5

5 324,1

4 664,0

37 194,3

3

1

2001

1 446,8

175,8

4 072,9

---

---

6 893,6

---

41 751,6

3

1

2002

1 220,8

633,4

4 171,2

---

2 623,1

2 941,9

---

62 305,1

2,8

1

2003

---

---

2 701,1

---

2 923,0

2 445,2

---

30 108,1

2

1

2004

114,7

106,8

2 362,1

---

579,4

2 752,4

---

37 693,5

2,2

2

2005

703,0

523,4

2 350,1

---

283,5

---

---

14 921,6

3

1,4

2006

813,3

951,9

2 670,7

1 278,8

---

---

---

---

3

0,2

2007

 

 

 

 

 

 

 

 

3

1

2008

 

 

 

 

 

 

 

 

3.5

1

Total

 

 

 

 

 

 

 

 

---

---

In whole

 

---

---

 

Comments:

  1. Sharp decrease of manufacturing and deliveries of frozen fish products from ground fish on export in 2003-2004 has occurred owing to the loss of basic manufacturer of this products factory trawler "Murman". From the end of 2005 such deliveries have been renewed by new factory trawler "".
  2. In 1999-2000 seiner-trawler "Murman-2" was delivering cooled herring, capelin and blue whiting in port Murmansk within the special Russian Government's Decrees. Next years such opportunity did not exist any more. Deliveries of pelagic fish for human consumption in Murmansk in 2002-2005 were carried out with use of foreign transport vessels with RSW-tanks and the bareboat-chartered seiner "Yupiter II".
  3. In 2005 deliveries of pelagic species have decreased almost in 3 times and have absolutely stopped in 2006 due to breakdown and further termination of operation of seiner-trawler "Murman-2". In the end of 2006 new seiner-trawler "North Ocean" has renewed deliveries of finished goods from pelagic species, now frozen.
  4. Besides frozen fish products, since 2005 the Company delivers on Russian market the canned food "Cod Liver natural" manufactured at sea on trawler "Melkart". During last 2 years 336,3 thousand jars No 5 (230 grams) has been delivered.

 

Financial and economic figures in 1997-2008

 

Year

Sale proceeds, thousand USD

Cost of sales, thousand USD

Gross profit (loss), thousand USD

Average annual number of employees, persons

Increase

of basic assets, thousand USD

1998

1 285,6

933,3

350,9

25

 n/a

1999

13 618,4

11 360,9

2 250,0

86

246,6

2000

15 579,6

13 148,0

2 431,6

87

84,2

2001

14 336,6

13 726,7

609,9

98

169,7

2002

16 282,2

13 289,6

3 138,8

124

73,9

2003

8 353,7

8 789,9

- 436,2

129

247,1

2004

9 449,5

9 583,7

- 134,2

 

5 120,9

2005

13 772,8

14 003,1

- 230,3

 

303,7

2006

16 100,7

14 311,5

1 789,2

154

3 478,5

2007

18 575.4

16 484.9

2 090.5

174

462.0

2008

 

 

 

 

 

 

Comments:

  1. The unprofitable result of Company's activity in 2003-2005 was due to above mentioned reasons discontinuance of operation of the most economically effective vessels "Murman" and "Murman-2".
  2. Significant investments into fixed capital of the Company in 2004 and 2006 are expenses for purchase in the property of new fishing vessels "Melkart" and "North Ocean" and for their repair and modernization before putting into operation.
  3. Since 2006, after starting of operation of new vessels, economic results of work again have gone upwards.

 

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