Expenses structures

Expenses 2013 20122011
RUR thous. % RUR thous. % RUR thous.%
Total expenses * 54 933 499 100 49 357 680 100 50 063 731 100
Purchased energy for loss compensation 8 581 019 15.6 7 918 835 16.0 8 253 118 16.5
Materials 1 492 172 2.7 1 138 521 2.3 943 797 1.9
Production expenses 517 619 0.9 1 511 756 3.1 2 066 250 4.1
FSK payments 15 271 412 27.8 13 397 490 27.1 13 296 286 26.6
Payments to other regional grid companies 14 234 011 25.9 12 867 882 26.1 14 192 640 28.3
Wages and other social benefits 8 485 930 15.4 6 833 554 13.8 6 245 414 12.5
Depreciation and amortization 3 663 594 6.7 3 196 708 6.5 2 640 348 5.3
Taxes and dues 268 355 0.5 141 959 0.3 115 433 0.2
Other expenses 2 419 388 4.4 2 350 975 4.8 2 310 444 4.6
For information: repair expenses 1 578 113 2.9 1 364 460 2.8 1 296 671 2.6

Purchased energy for loss compensation totaled RUR 8 581.0 mln (15.6% of overall expenses). In absolute terms the increase totaled RUR 662.2 mln and was due to increased non-regulated price for energy.

FSK payments totaled RUR 15 271.4 mln (27.8% of overall expenses). Increase totaled RUR 1 873.9 mln and was due to tariff growth.

Payments to other regional grid companies totaled RUR 14 234.0 mln (25.9% of overall expenses). In comparison to 2012 increase totaled RUR 1 366.1 mln and was due to increased transmission via grid networks and tariff uplift.

Wages and other social benefits in 2013 totaled RUR 8 485.9 mln or 15.4% of overall expenses (+24.2% on 2012). The key reason for uplift was due to transition to non-contracted transportation services since 01.09.2012 as well as indexation of employee tariff rates under sector agreement.

Depreciation and amortization grew by RUR 466.9 mln due to the increased value of fixed assets from the investment program implementation.

Materials totaled RUR 1 492.2 mln (+RUR 353.7 mln on 2012). Expenses grew due to the transition to non-contracted transportation services since 01.09.2012.

Production expenses decreased by RUR 994.1 mln due to decreased transportation expenses as a result of transition to a non-contracted form since 01.09.2012.

Taxes and dues comprising the prime costs increased by RUR 126.4 mln, due to cancelled property tax privilege.