Expense structure

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  2010 2009 2008
  RUR thous. % RUR thous. % RUR thous. %
Overall expenses 44 842 725 100 36 623 611 100 33 947 172 100
Loss compensation 10 764 312 24.0 8 237 656 22.5 7 498 977 22.1
Payments to FSK 10 938 484 24.4 8 374 947 22.9 6 765 843 19.9
Payments to other local grids 10 512 174 23.4 9 204 054 25.1 8 051 499 23.7
Salary and other social benefits 5 221 321 11.6 4 144 530 11.3 3 874 825 11.4
Depreciation 2 341 957 5.2 2 070 197 5.7 1 855 161 5.5
Taxes and levies 112 375 0.3 124 026 0.3 117 467 0.3
Other expenses 4 952 102 11.1 4 468 201 12.2 5 783 400 17.0
For information: repair 1 228 574 2.7 787 392 2.1 993 845 2.9
  2010 2009 2008
  RUR thous. % RUR thous. % RUR thous. %
Overall expenses 44 842 725 100 36 623 611 100 33 947 172 100
Loss compensation 10 764 312 24.0 8 237 656 22.5 7 498 977 22.1
Payments to FSK 10 938 484 24.4 8 374 947 22.9 6 765 843 19.9
Payments to other local grids 10 512 174 23.4 9 204 054 25.1 8 051 499 23.7
Salary and other social benefits 5 221 321 11.6 4 144 530 11.3 3 874 825 11.4
Depreciation 2 341 957 5.2 2 070 197 5.7 1 855 161 5.5
Taxes and levies 112 375 0.3 124 026 0.3 117 467 0.3
Other expenses 4 952 102 11.1 4 468 201 12.2 5 783 400 17.0
For information: repair 1 228 574 2.7 787 392 2.1 993 845 2.9

Expenses on loss compensation, as of 2010, totaled RUR 10 764 mln. (24% of overall expenses). In absolute terms, the increase on 2009 totaled RUR 2 527 mln. and was due to the increase of losses purchased at free market prices and excess of free market price over the regulated one. Payments to FSK totaled RUR 10 938 mln. (24.4% of overall expenses). The increase on 2009 in absolute terms totaled RUR 2 564 mln. and was due to the increase of FSK maintenance tariff. Payments to other local grids as of 2010 totaled RUR 10 512 mln. (23.4% of overall expenses). In comparison to 2009 the increase totaled RUR 1 308 mln. and was due to new local grids and tariff growth. Salaries and other social benefits in 2010 totaled RUR 5 221 mln. (+26% on 2009) contributing 11.6% to overall expenses. The increase was due to:

  • Increase in personnel caused by the transition of repair and metering services to non-contracted ones since July 01, 2009;
  • Staffing;
  • Grid facilities acquisition (for maintenance).

Increase of depreciation (+RUR 272 mln. on 2009) was due to the growth of our fixed assets as a result of our investment program. Other expenses, equaling RUR 4 952 mln. (11% of overall expenses), were caused by transport services, rental expenses, maintenance and repair, consulting and information services. In absolute terms, the increase totaled RUR 484 mln. and was due to repair increase (+RUR 441 mln.), increase of expenses on information and consulting services (+RUR 159 mln.) due to implementation of a new SAP ERP software.