The net loss of Sukhoi Civil Aircraft Company (SCAC, manufactures SSJ 100 aircraft) calculated in compliance with International Financial Reporting Standards (IFRS) decreased by 25,4% in the first half of 2014 (compared to the same period of 2013) and amounted to $144,1 million, ITAR-TASS reports with reference to the company’s reports.

The revenues of SCAC for the first half of 2014 doubled to $180 million. The gross loss decreased by 21% to $23 million. The operating loss decreased by 9,3% to $68,3 million. As of June 30th 2014 the company’s short-term liabilities exceeded the current assets by $481 million; net assets were negative for the second straight time (on June 30th 2014 and December 31st 2013), that is why under the current legislation the company’s shareholders should have either approved the decrease of the registered capital to the amount of net assets or wound up the company.

"The management team decided that these conditions may not be fulfilled, because it is expected that the program approved by the company, its shareholders and Russian government in 2012 will be implemented successfully", - said in the company’s report. After issuing the report the parent company – Sukhoi Holding Company – approved the allocation of 36 billion rubles to SCAC via additional share issue. The first part ($649 million) will be used for redemption of $1 billion credit granted to SCAC by Vnesheconombank.

The shareholders of the SCAC are: Sukhoi Holding Company (part of UAC, owns 75% minus 1 share) and Alenia Aermacchi (25% plus 1 share). Today 89,6% of Sukhoi shares are owned by UAC, the rest 10,4% - by the Federal Agency for State Property Management.