JSC Techsnabexport

Русская версия

 TENEX » Dear Readers » Sustainable development activities » Economic impact
 

Economic impact

The Company transfers nearly all of its net profits to ROSATOM for financing common sectoral development and modernisation projects.

In the reporting year, the social expenditures of JSC Techsnabexport (including the grant (targeted) financing) amounted to RUB 1.788.34 bln (RUB 759 mln and RUB 706 mln in 2012 and 2011, respectively).

The Company’s activity produces a substantial effect on sectoral financial and economic standing. Proceeds from JSC Techsnabexport’s NFC product exports make up nearly one-half of the total proceeds of ROSATOM that are yielded from overseas operations and are an important resource for the development of the Russian nuclear industry.

The Company transfers nearly all of its net profits to ROSATOM for financing common sectoral development and modernisation projects.

The Company is a large payer of taxes and dues.

Payments to budgets of all ties and extra-budgetary funds accrued and made by JSC Techsnabexport in 2013, RUR thousand

IndicatorAccruedPaid
Taxes, total 2 685 917,00 1 640 996,00
including:
regional budget (city of Moscow), total 2 413 138,00 1 474 110,00
including:
profit tax 2 403 669,00 1 464 113,00
property tax 9 469,00 9 997,00
federal budget, total 272 779,00 166 886,00
including:
profit tax 272 779,00 166 886,00
Extra-budgetary funds (insurance payments) 168 487,00 164 757,00
Total 2 854 404,00 1 805 753,00

Support of jobs in supply or distribution chains

JSC Techsnabexport has built up a multibillion-ruble portfolio of long-term export contracts for the delivery of Russian NFC products and services until 2030. This portfolio supports over 10,000 jobs in sectoral companies, most of which are hosted by so-called “closed” (restricted access) cities and are major employers there.

JSC Techsnabexport has built up a multibillion-ruble portfolio of long-term export contracts for the delivery of Russian NFC products and services until 2030. This portfolio supports over 10,000 jobs in sectoral companies, most of which are hosted by so-called “closed” (restricted access) cities and are major employers there. Given this circumstance, the Company’s activities are apparently substantial for the economies of these closed cities, the number of residents of which amounts to several thousand people.

The Company’s deliveries also support jobs in the St. Petersburg commercial seaport. The implementation of TLH projects in the Far East and Northwest Russia will certainly produce a positive effect on the employment rates in these regions.

Additionally, the Company’s requirements for natural uranium, which is necessary to fulfil its export programme, stimulate JSC ARMZ to develop uranium-mining projects in Russian regions (including Transbaikalia). This also facilitates employment in these regions.

On the whole, the long-term contracting of product deliveries implemented by the Company is in line with global practices and creates objective prerequisites for the advanced planning of the operations of vendors and members of the transportation and logistics chain, while also ensuring employment at these companies and their host regions, which is secured by available orders.

Facilitation of direct foreign investments

The Company works on a number of strategically significant projects that provide for direct foreign investments in the transportation and logistics infrastructure and enterprises of the Russian nuclear industry.



Previous page
Next page