2012 in %
|Proceeds from external uranium product sales||68 976||69 539||65 948||94,8|
|Other proceeds||1 538||39||211||541,0|
|Total||70 514||69 578||66 159||95,1|
In 2013, the Company gained most of its revenues from uranium product sales in overseas markets. Those sales made up 99,7% of the total proceeds. The currency pattern of the proceeds shows the dominance of USD and euro contracts, with other currencies representing a negligible share.
of total proceeds received by JSC Techsnabexport were from uranium product sales in the external market
The proceeds under the HEU-LEU Programme are not shown in the Company’s revenues and were fully transferred to Russia’s federal budget.
The proceeds from uranium last year were cumulatively influenced by the following factors:
- recall of the enriched uranium deliveries and the reduction of 2013 option orders by a number of utilities, which were the Company’s clients, due to the consequences of the Fukushima- Daiichi accident;
- the drop of market prices;
- currency exchange rate changes (the average weighted exchange rate of USD for factual shipments in 2013 was RUR 31.1/US $1.00, while in 2013 it was RUR 31.9/US $1.00); and
- changes in the sales programme (start of deliveries under the long-term contract with USEC and the Company activity towards additional option/spot sales in 2013).
Other proceeds in 2013 grew in comparison to 2012 due to an increase in orders for high-technology and science-intensive equipment deliveries.