JSC Techsnabexport

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

Revenues

RUR mln/%

Indicator2011201220132013 against
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
View the data in the tables and graphs

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.

99,7%
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.



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