OREANDA-NEWS. Vice-president Konstantin Sokolov spoke to the concerned parties on the Statement structure, its top priority issues and the Fuel Company’s key results appearing in the document. He made the point that the Annual Statement contained 152 figures including 82 disclosed GRI indicators (in 2011 there were 134 disclosed indicators including 71 GRI indicators).

Several new sections have appeared in the Statement. For example, one of them is dedicated to the development of Rosatom Production System (RPS). "Business activity performance management is a new section which has emerged in order to give a more detailed description of RPS: what kind of system it is, the processes and results of its implementation as well as the prospects, - said Konstantin Sokolov. – The most impressive thing here is the personnel’s activity and involvement increase as a result of the system implementation! The Statement includes the most remarkable examples of RPS implementation".

On the recommendations of the concerned parties a special chapter "Scientific and technological activities" was included into the Annual Statement; the chapter informs of the key directions of the TVEL Fuel Company’s scientific and technological activities: the structure and performance of the company’s research and development complex.

In addition, the "Strategy" section format has been changed. It briefly outlines the TVEL Fuel Company’s development strategies and its strategic initiatives.

Summing up the results of the TVEL Fuel Company’s financial and economic activities for the year of 2012, Konstantin Sokolov noted that net profit for 2012 increased by 19% and reached the amount of 19,642 mln rubles. At the year-end 2012, the TVEL Fuel Company’s profit was 121,958 mln rubles. EBIDA (earnings before interest, depreciation and amortization) amounted to 42,668 mln rubles, thus by 12% exceeding the performance in 2011. Total funding for the TVEL Fuel Company’s investment activities in 2012 amounted to 41,328 mln rubles. Labor efficiency grew by 21.6% and amounted to 3.6 mln rubles.

At the year-end 2012, the total sales profit in regard to the TVEL Fuel Company’s non-nuclear products, works and services amounted to 15 bln 877 mln rubles. (In 2011, under similar circumstances, the profit amounted to 13 bln 898 mln rubles). The positive growth dynamics is related to brisk development of innovative non-nuclear business streams.

In 2012 22,373 mln rubles were channeled towards funding of capital investment projects concerning major nuclear facilities of the TVEL Fuel Company; 13,555 mln rubles of this sum were spend on separation-sublimation complex, 1,330 mln rubles – on gas centrifuge plants, and 7,488 mln rubles – on nuclear fuel fabrication.

Revenue from the TVEL Fuel Company’s research activities was 4,301 mln rubles, investments in research-and-development activities amounted to 3,945 mln rubles. There were 134 items of the TVEL Fuel Company’s intellectual property registered which was 21% greater in comparison with 2011 (111 items). There were 115 applications filed for the intellectual property registration, which was 20% greater in comparison with last year's results (96 applications).

The event was attended by the company's management and the representatives of the concerned parties: partners, advisers in the field of public accounting, the representatives of federal executive authorities and local authorities, the representatives of the CATE (Closed Administrative-Territorial Entity), scientific, educational, environmental and social organizations as well as the heads of enterprises included in the Fuel Company’s control loop.