Development of the Joint Arrangement Evaluation Methodology Based on Corporate Statements

Complicated economic conditions of doing business after the pandemic and the context of a global economic and political crisis pose considerable challenges to contemporary corporations. Responses to the presented challenges lie inter alia in the sphere of cooperation between companies and establishment of joint arrangements. The authors have reviewed the IFRS requirements in terms of the information disclosure on joint arrangements in reporting, analyzed such joint arrangements based on the consolidated statements of OJSC Russian Railways. When analyzing the results of joint activities disclosed in the public financial statements, data from the statement of comprehensive income were used. According to the report on the total income of Russian Railways, an assessment of the dynamics and structure of income, expenses and financial results of joint activities was carried out, and an assessment of its effectiveness was given. The authors proposed complex criteria for the evaluation of the economic efficiency of joint arrangements in the following areas: corporate, investment and financial efficiency.