Main page / Economic review / The expense structure

The expense structure

The expense structure of the Company is presented in the table below:

Costs201420132012
RUR thousThousand.%RUR thousThousand.%RUR thousThousand.%
Overall expenses 54,498,284 100 54,047,304 100 49,357,680 100
Amortization and depreciation of fixed assets and intangible assets 4,115,737 7.4 3,663,594 6.6 3,196,708 5.8
Purchased energy for loss compensation 8,964,330 16.2 8,581,019 15.5 7,918,835 14.4
Payments to FSK 14,861,158 26.8 15,271,412 27.6 13,397,490 24.4
Payments to other grid companies 13,489,366 24.4 14,234,011 25.7 12,867,882 23.4
Materials 1,344,870 2.4 1,492,172 2.7 1,138,521 2.1
Production services 523,324 0.9 517,619 0.9 1,511,756 2.8
Personnel expenses 9,283,857 16.8 8,485,930 15.3 6,833,554 12.4
Taxes and levies 358,312 0.6 268,355 0.5 141,959 0.3
Other expenses 1,557,330 4.4 1,533,192 4.4 2,350,975 4.3

Purchased energy for loss compensations in 2014 totaled RUR 8,964.3 mnMillion or 16.2% of the overall expenses. In absolute terms the growth reached RUR 383.3 mnMillion on 2013 and was due to increased non-regulated price for electric energy. Payments to FSK totaled RUR 14,861.2 mnMillion or 26.8% of the overall expenses. In comparison to 2013 the decline, in absolute terms, totaled RUR 410.3 mnMillion and was due to the increased tariff.

Payments to other grid companies in 2014 totaled RUR 13,489.4 mnMillion (24.4% of the overall expenses. In comparison to the previous year the costs were reduced by RUR 744.6 mnMillion and were affected by the cancellation of a contract with a large contractor. Personnel expenses in 2014 totaled RUR 9,283.9 mnMillion or 16.8% of overall expenses (+9% on 2013). The key factor that brought expenses up was indexation of workers’ rate since 01.07.2014 according to the sector tariff agreement. Depreciation and amortization of fixed assets and intangible assets grew by RUR 452.1 mnMillion on 2013 influenced by the increased value of Company’s fixed assets as the aftermath of the investment program.

Up