Annual Report 2018
New Businesses and Products
TVEL Fuel Company of Rosatom
РУС
Annual Report 2018
РУС
APPENDIX 2. Financial statements

BALANCE SHEET AS AT DECEMBER 31, 2018

Organization
Joint Stock Company “TVEL”

Type of business
Production of nuclear fuel

Form of incorporation / form of ownership
Joint Stock Company

Measurement unit
in thous. RUB

Location (address)
Bld.24, Bolshaya Ordynka st., Moscow, 119017

Codes

Form under OKUD 0710001

Date (day, month, year) 31.12.2018

under OKPO 45046040

TIN 7706123550

under OKVED 24.46

under OKОPF / OKFS 1,2267/16

under OKEI 384

Comments

Index description

CODE

As on December 31, 2018

As on December 31, 2017

As on December 31, 2016

ASSETS
I. NON-CURRENT ASSETS

3.1, 3.2

Intangible assets

1110

962,989

1,099,385

1,055,754

3.2

Results of research and development

1120

1,624,104

1,115,609

470,339

Intangible development assets

1130

Tangible development assets

1140

3.3

Fixed assets

1150

128,950

170,416

154,397

Buildings, vehicles, equipment etc.

1151

128,286

170,416

114,382

Capital investments in progress

1152

664

40,015

Advances to suppliers

1153

Income-bearing investments in tangibles

1160

414,716

414,716

416,554

3.5

Financial investments

1170

206,256,642

203,386,909

209,655,354

Deferred tax assets

1180

5,361,597

5,207,194

4,042,626

Other non-current assets

1190

1,727,567

3,080,489

3,310,529

Total I

1100

216,476,565

214,474,718

219,105,553

II. CURRENT ASSETS

3.4

Stock

1210

55,234,352

59,866,941

68,750,309

Raw, materials and other similar assets

1211

9,254,645

7,774,339

8,578,293

Work in progress expenditures

1212

41,287,398

45,483,552

48,957,800

Finished products and goods for resale

1213

4,179,596

6,592,606

11,214,216

Shipped goods

1214

512,713

16,444

Other stock and expenses

1219

Value added tax on purchased assets

1220

116,400

3,492,685

8,575,202

3.7

Accounts receivable

1230

26,276,869

32,912,114

30,104,703

Settlements with buyers and customers

1231

21,575,815

24,291,307

18,387,786

Advances made

1232

1,519,333

2,129,997

611,518

Other debtors

1233

3,181,721

6,490,810

11,105,399

Unpresented for payment accrued revenue

1234

3.5

Financial investments (excluding cash)

1240

81,870,447

71,473,277

27,797,237

3.6

Cash

1250

4,484,889

3,934,336

9,435,365

Other current assets

1260

1,201,105

361,464

454,658

Total II

1200

169,184,062

172,040,817

145,117,474

BALANCE

1600

385,660,627

386,515,535

364,223,027

LIABILITIES
III. CAPITAL AND RESERVES

Equity capital (pooled capital, collective capital, contribution of partners)

1310

22,962

22,962

22,962

Own shares redeemed from shareholders

1320

Received contributions from stockholders to share capital before registration of changes in constituent documents

1330

Revaluation of non-current assets

1340

Additional capital (without revaluation)

1350

181,731,782

181,731,790

181,731,834

Reserve capital

1360

826,057

522,402

258,255

3.14

Reserves formed in accordance with legislation

1361

824,909

521,254

257,107

Reserves formed in accordance with founding documents

1362

1,148

1,148

1,148

Undistributed profit (uncovered loss)

1370

107,139,621

110,095,198

97,246,595

Total III

1400

289,720,422

292,372,352

279,259,646

IV. LONG-TERM LIABILITIES

Borrowed funds

1410

Deferred tax liabilities

1420

Estimated liabilities

1430

Other liabilities

1450

1,008,906

2,450,963

1,429,164

Total IV

1400

1,008,906

2,450,963

1,429,164

V. SHORT-TERM LIABILITIES

3.13

Borrowed funds

1510

56,062,540

50,140,638

40,181,112

3.10

Accounts payable

1520

37,716,596

40,584,170

42,507,215

Suppliers and contractors

1521

23,766,803

26,847,061

25,586,785

Advances received

1522

12,694,909

12,158,164

12,434,174

Accounts payable to employees

1523

1,055

1,163

1,496

Accounts payable to state non-budget bodies

1524

18,494

Accounts payable in respect of taxes and levies

1525

3,082

3,315

3,318

Other creditors

1526

1,232,253

1,574,467

4,481,442

Deferred income

1530

27,515

1,417

2,309

3.15

Estimated liabilities

1540

1,124,648

965,995

843,581

Provisions

1546

Accounts payable to customers

1547

Other liabilities

1550

Total V

1500

94,931,299

91,692,220

83,534,217

BALANCE

1700

385,660,627

386,515,535

364,223,027

Show table

STATEMENT OF FINANCIAL RESULTS JANUARY - DECEMBER 2018

Organization
Joint Stock Company “TVEL”

Type of business
Production of nuclear fuel

Form of incorporation / form of ownership
Joint Stock Company

Measurement unit
in thous. RUB

Location (address)
Bld.24, Bolshaya Ordynka st., Moscow, 119017

Codes

Form under OKUD 0710002

Date (day, month, year) 31.12.2018

under OKPO 45046040

TIN 7706123550

under OKVED 24.46

under OKОPF / OKFS 1,2267/16

under OKEI 384

Comments

Index description

CODE

Over 12 months of 2018

Over 12 months of 2017

3.17

Proceeds, including

2110

129,373,912

145,024,699

proceeds from sale of own products

110,221,940

125,159,028

proceeds from carrying out work, rendering services

14,218,457

15,906,972

3.17

Prime cost of sales, including

2120

(90,931,770 )

(92,972,461)

prime cost of sales of own products

(74,857,564)

(79,127,989)

prime cost of carrying out work, rendering services

(13,300,901)

(12,169,594)

Gross profit (loss)

2100

38,442,143

52,052,238

3.17

Commercial expenses

2210

(1,345,763)

(1,112,599)

3.14, 3.17

Management expenses

2220

(8,938,779)

(9,189,894)

Sales profit (loss)

2200

28,157,601

41,749,745

Income from participation in other entities

2310

7,175,167

2,298,168

Interest receivable

2320

5,706,583

5,431,588

Interest payable

2330

(3,558,771)

(3,802,997)

3.18

Other income, including

2340

2,747,649

1,505,471

3.18

Other expenses, including

2350

(2,502,684)

(8,587,531)

Income (loss) before tax

2300

37,725,545

38,594,444

3.16

Current profit tax

2410

(6,326,132 )

(8,424,376)

including permanent tax liabilities (assets)

2421

(150,500)

(218,385)

Variation of deferred tax liabilities

2430

(102,555)

(129,509)

Variation of deferred tax assets

2450

256,255

1,144,129

Other

2460

5,890

145,804

Redistribution of profit tax within consolidated group of taxpayers

2465

554,512

646,868

Net profit (loss)

2400

32,113,515

31,977,360

FOR REFERENCE ONLY
Result of revaluation of non-current assets not to be included in net profit (loss) of the period

2510

Result of other operations not to be included in net profit (loss) of the period

2520

(8)

(44)

Cumulative financial result for the period

2500

32,113,507

31,977,316


3.19

For reference:
Basic earnings (loss) per share


2900


1.40


1.39

Diluted earnings (loss) per share

2910

Show table

CAPITAL STATEMENT FOR THE YEAR 2018

Organization
Joint Stock Company “TVEL”

Type of business
Production of nuclear fuel

Form of incorporation / form of ownership
Joint Stock Company

Measurement unit
in thous. RUB

Location (address)
Bld.24, Bolshaya Ordynka st., Moscow, 119017

Codes

Form under OKUD 0710003

Date (day, month, year) 31.12.2018

under OKPO 45046040

TIN 7706123550

under OKVED 24.46

under OKОPF / OKFS 1,2267/16

under OKEI 384

1. Flow of capital

Index description

CODE

Equity capital

Own shares redeemed from shareholders

Share capital payment received from shareholders before registration of amendments in founding documents

Additional capital

Reserve capital

Undistributed profit (uncovered loss)

TOTAL

Value of the capital as of December 31, 2016

3100

22,962

–

–

181,731,834

258,255

97,246,595

279,259,646

For the year 2017
Increase of capital – total:

3210

–

–

–

376

5,989,145

31,977,360

37,966,881

including:
net profit

3211

X

X

X

X

X

31,977,360

31,977,360

revaluation of property

3212

Х

Х

Х

X

income charged directly to increase of capital

3213

Х

Х

Х

376

5,989,145

5,989,521

additional emission of shares

3214

X

–

increase in the par value of shares

3215

X

–

reorganization of the legal entity

3216

–

use of industry-based reserves for investment purposes

3217

Х

Х

Х

Х

Х

–

share capital payment before registration of amendments in founding documents

3218

Х

Х

Х

Х

X

–

Reduction of the capital – total:

3220

–

–

–

(420)

(5,724,998)

(19,128,757)

(24,854,175)

including:
loss

3221

X

X

X

X

–

–

revaluation of property

3222

Х

Х

X

–

expenses charged directly to reduction of the capital

3223

Х

Х

–

(420)

(5,724,998)

(5,725,418)

decrease in the par value of shares

3224

X

–

decrease in the number of shares

3225

X

–

reorganization of the legal entity

3226

dividends

3227

Х

Х

–

Х

Х

(19,128,757)

(19,128,757)

share capital payment before registration of amendments in founding documents

3228

Х

Х

Х

Х

X

Change in the additional capital

3230

X

X

X

X

Change in the reserve capital

3240

Х

Х

X

Х

X

Value of the capital as on December 31, 2017

3200

22,962

–

–

181,731,790

522,402

110,095,198

292,372,352

For the year 2018
Increase of the capital – total:

3310

–

–

–

96

5,251,478

32,113,515

37,365,089

including:
net profit

3311

X

X

X

X

X

32,113,515

32,113,515

revaluation of property

3312

Х

Х

Х

X

–

income charged directly to increase of capital

3313

Х

Х

Х

96

5,251,478

5,251,574

additional emission of shares

3314

X

–

increase in the par value of shares

3315

X

–

reorganization of the legal entity

3316

–

use of industry-based reserves for investment purposes

3317

Х

Х

Х

Х

Х

–

share capital payment before registration of amendments in founding documents

3318

Х

Х

Х

Х

X

–

Reduction of the capital – total:

3320

–

–

–

(105)

(4,947,822)

(35,069,092)

(40,017,019)

including:
loss

3321

X

X

X

X

–

revaluation of property

3322

Х

Х

X

–

expenses charged directly to reduction of the capital

3323

Х

Х

(105)

(4,947,822)

(4,947,927)

decrease in the par value of shares

3324

X

decrease in the number of shares

3325

X

reorganization of the legal entity

3326

dividends

3327

Х

Х

Х

Х

(35,069,092)

(35,069,092)

share capital payment before registration of amendments in founding documents

3328

Х

Х

Х

Х

X

–

Change in the additional capital

3330

X

X

X

–

–

–

X

Change in the reserve capital

3340

Х

Х

X

Х

–

–

X

Liability on December 31, 2018

3300

22,962

–

–

181,731,781

826,058

107,139,621

289,720,422

Show table

2. Corrections due to change in the accounting policy and elimination of errors

Index description

CODE

As of December 31, 2017

Changes in the capital for 2018 on account of the net profit (loss)

Changes in the capital for 2018 based on other factors

As of December 31, 2018

Capital - total

before corrections

3400

–

–

–

–

correction due to:

change in the accounting policy

3410

–

–

–

–

elimination of errors

3420

–

–

–

–

after corrections

3500

–

–

–

–

including:
undistributed profit (uncovered loss):

before corrections

3401

–

–

–

–

correction due to:

change in the accounting policy

3411

–

–

–

–

elimination of errors

3421

–

–

–

–

after corrections

3501

–

–

–

–

other capital items,
where corrections were made:

before corrections

3402

–

–

–

–

correction due to:

change in the accounting policy

3412

–

–

–

–

elimination of errors

3422

–

–

–

–

after corrections

3502

–

–

–

–

Show table

3. Net assets

Index description

CODE

As of December 31, 2018

As of December 31, 2017

As of December 31, 2016

Net assets

3600

289,725,474

292,373,769

279,261,955

Show table

CASH FLOW STATEMENT FOR THE YEAR 2018

Organization
Joint Stock Company “TVEL”

Type of business
Production of nuclear fuel

Form of incorporation / form of ownership
Joint Stock Company

Measurement unit
in thous. RUB

Location (address)
Bld.24, Bolshaya Ordynka st., Moscow, 119017

Codes

Form under OKUD 0710004

Date (day, month, year) 31.12.2018

under OKPO 45046040

TIN 7706123550

under OKVED 24.46

under OKОPF / OKFS 1,2267/16

under OKEI 384

Index description

CODE

Over 12 months of 2018

Over 12 months of 2017

Cash flow associated with day-to-day operations

Receipts – total

4110

140,046,257

147,868,698

including:
from sale of products, goods, works and services

4111

131,893,063

138,058,600

from lease payments, license payments, royalty and other similar payments

4112

235,245

418,716

from re-sale of financial investments

4113

–

–

other receipts

4119

7,917,950

9,391,382

Payments – total

4120

(107,366,938)

(104,520,065)

including:
to suppliers (contractors) for raw materials, materials, works, services

4121

(90,512,159)

(85,203,532)

associated with remuneration of employees labour

4122

(2,626,626)

(2,361,344)

interest on debt obligations

4123

(3,564,819)

(3,744,963)

corporate profit tax

4124

(5,021,264)

(6,752,835)

other payments

4129

(5,642,070)

(6,457,391)

Balance of cash flow associated with day-to-day operations

4100

32,679,319

43,348,633

Cash flow associated with investment activities

Receipts – total

4210

144,833,103

101,394,000

including:
from sale of non-current assets (except for financial investments)

4211

1,788

166,486

from sale of shares (participation shares) in other organizations

4212

-

71,118

from return of loans granted, from sale of debt securities (rights of funds claim from third parties)

4213

132,112,782

93,812,858

Dividends, interest from long-term financial investments and similar revenues from share interests in other companies

4214

12,718,534

7,343,539

other receipts

4219

–

-

Payments – total

4220

(148,438,035)

(139,383,978)

including:
associated with acquisition, creation, modernization, reconstruction and preparation for current assets operation

4221

(2,210,550)

(1,773,012)

associated with acquisition of shares (participation shares) in other organizations

4222

(3,722,900)

–

associated with acquisition of debt securities (rights of funds claim from third parties), loans provision to third parties

4223

(142,503,934)

(137,452,565)

interest on debt obligations included in the value of investment asset

4224

–

–

other payments

4229

(652)

(158,400)

Balance of cash flow associated with investment activities

4200

(3,604,933)

(37,989,978)

Cash flow associated with financial activities

Receipts – total

4310

64,559,000

61,117,400

including:
getting credits and loans

4311

64,559,000

61,117,400

owners’ (participants’) money deposits

4312

–

–

from issue of shares, increase in participation shares

4313

–

–

from issue of bonds, promissory notes and other debt securities and etc.

4314

–

–

budgetary provisions and other target financing

4315

–

–

other receipts

4319

–

–

Payments – total

4320

(93,702,124)

(71,644,157)

including:
to owners (participants) due to repurchase their shares or their resignation

4321

–

–

for payment of dividends and other payments under distribution of profit in favour of owners (participats)

4322

(35,069,092)

(20,428,757)

associated with payment (repurchase) of promissory notes and other debt securities, repayment of credits and loans

4323

(58,631,050)

(51,215,400)

other payments

4329

(1,982)

–

Balance of cash flow associated with financial operations

4300

(29,143,124)

(10,526,757)

Balance of cash flow for the reporting period

4400

(68,738)

(5,168,103)

Balance of cash and cash equivalents as of reporting period beginning

4450

3,934,336

9,435,365

Balance of cash and cash equivalents as of reporting period end

4500

4,484,889

3,934,336

Effect of exchange rate changes to ruble

4490

619,290

(332,925)

Show table