OREANDA-NEWS. December 03, 2009. According to non-consolidated RAS financial statements, in Q3 2009 OJSC PAVA reduced trade debtors by 58.2% or RUR515 mln.

The positive dynamics was caused by correcting the company policy of working with wholesalers and manufacturers of bakery, confectionery and semi-finished goods. Firstly, the priority was placed on prepayment deals; secondly, terms of deferral and measures of assessing creditability were revised. Besides, PAVA is one of the largest Russian manufacturers who continue to develop factoring cooperation. The scheme provides steady cash inflow for the company and timely product deliveries for the customers.

A decrease in the short-term accounts receivable can be seen compared to beginning of the year as well. In this case the figure went down by 24.1% or RUR117.2 mln.