Profitability indices of sales, equity and assets have been increased noticeably in the reporting year due to increase of gross and net profit.

In 2017 the export products were sold to the total amount USD 1.163 mln. Sales of nuclear fuel and its components amount to 94.5% - the largest share in the export revenue.

In 2017 share of revenue received from FA sales made RUB 106.806 mln - 59% in total consolidated revenue. Main consumers are Russian and European NPPs. Number of consumers from Asian countries has also increased.

Following the results 2017 volume of sales from general industrial activities increased by 7.8%, to RUB 10.988 mln.

Financial soundness and liquidity indicators of the Company are at high level. In 2017 the current liquidity ratio improved considerably, receivables turnover ratio showed positive trend.

Dividend policy of TVEL JSC with regard to subsidiary companies is set with account of need for investment in production, its reconstruction and improvement of technical facilities.

Cost Reduction

Work on costs optimization and improvement of efficiency of TVEL Fuel Company is going on. In 2017 prime-cost reduction made RUB 2.736 mln due to the activities on expenses reduction.

The most progress was made in the following activities of TVEL JSC management system:

• optimization of personnel related costs;
• reduction of purchase price of materials and equipment;
• elaboration of target regulations on Inventory storage and consumption rates;
• reduction of materials costs due to revision of specific requirements;
• optimization of costs of non-nuclear materials;
• improvement of efficiency in power facilities and power consumption;
• optimization of services on heavy, routine-preventive, current repair and maintenance.

Share of administrative expense in revenue 2017 made 1.73%, in line with the level of the previous year.