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 TENEX » Dear Readers » Key results in the reporting period » Financial and economic results » Expenditures
 

Expenditures

Prime cost

RUR mln/%

Indicator2011201220132013 against 2012 in %
Prime cost in uranium business (cost of uranium feed, enrichment, and conversion) 44 734 49 327 46 431 94,1
Other expenditures as part of prime cost (goods for resale, insurance, delivery and storage of feed, etc.) 1 290 1 084 636 58,8
Total 46 024 50 411 47 067 93,4
View the data in the tables and graphs

In 2013, the prime cost decreased by 6% from 2012 due to:

  • changes in the feed sales pattern in 2013 in comparison to 2012 (production of EUP of cheaper feed because of the world market price decrease) and
  • the reduction of the physical volume of deliveries due to the change in the procurement policy by a number of customers, conditioned by the Fukushima-Daiichi accident.

The reduction of other expenditures within the prime cost in 2013 as compared to 2012 was caused mainly by smaller expenditures for insurance within the prime cost because of:

  • the changes in the sales programme and feed supply in 2013, and
  • the reduction of insurance rates under the Company’s insurance programme for 2013.

Business expenses

RUR mln/%

Indicator2011201220132013 against 2012 in %
Insurance of EUP 561 476 331 69,5
EUP delivery 521 378 417 110,3
Other business expenses (insurance of business risks, customs export fees and dues, EUP storage, mediators’ services, etc.) 1 260 918 833 90,8
Total 2 342 1 772 1 581 89,2
View the data in the tables and graphs

In 2013, business expenses decreased by 11% from 2012 due to:

  • changes in the physical volume of sold products and
  • the reduction of expenses for the insurance of business risks because of lower rates and updates made to the insurance programme.

Management expenses

RUR mln/%

Indicator2011201220132013 against 2012 in %
HR expenses 1 263 1 336 1 326 99,3
Expenses for the maintenance of buildings, premises, machinery, motor vehicles, communications, IT, etc. 288 309 288 93,2
Consulting and other services (exclusive of corporate-wide expenses) 219 203 239 117,2
Total 1 770 1 848 1 853 100,3
View the data in the tables and graphs

In 2013, the management expenses stayed very close to their 2012 levels.



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