Financial Statements for the year 2013

		Codes
	Form under OKUD	0710001
	Date (day, month, year)	31	12	2013
Organization TVEL Joint Stock Company	under OKPO	45046040
Taxpayer Identification Number	TIN	7706123550
Type of business Production of nuclear fuel	under OKVED	23.30
Form of incorporation/form of ownership Joint Stock Company	under OKОPF/OKFS	12247		16
Measurement unit: in Thous RUB	under OKEI	384
Location (address) Bld.24, Bolshaya Ordynka st., Moscow, 119017

Comments

Index description

Code

As on December 31, 2013

As on December 31, 2012

As on December 31, 2011

I. Non-current assets
4.1,4.9	Intangible assets	1110	744,233	418,026	28,685
4.2,4.9	Results of research and development	1120	1,758,298	1,768,853	1,227,845
4.3	Fixed assets	1150	301,118	264,814	299,510
	Buildings, vehicles, equipment etc.	1151	286,641	213,382	285,025
	Capital investments in progress	1152	13,991	1,092	11,752
4.9	Advances to suppliers	1153	486	50,340	2,733
4.3,4.9	Income-bearing investments in tangibles	1160	2,488,089	2,823,171	3,194,114
4.6	Financial investments	1170	229,717,502	227,731,322	223,288,158
4.18	Deferred tax assets	1180	-	-	79 459
4.4	Other non-current assets	1190	1,769,667	1,879,439	1,366,983
	Total for section 1	1100	236,778,907	234,885,625	229,484,754
II. Current assets
4.5	Stock	1210	85,822,038	70,010,415	55,523,371
	Raw, materials and other similar assets	1211	7,809,561	8,913,840	4,709,306
	Work in progress expenditures	1212	62,859,501	49,505,259	37,840,454
	Finished products and goods for resale	1213	15,152,976	11,418,279	12,973,611
	Shipped goods	1214	-	173 037	-
	Prepaid expenses	1215	-	-	-
	Not presented for payment but accrued revenue	1216	-	-	-
	Other stock and expenses	1217	-	-	-
	Value added tax on aquired assets	1220	11,356,957	9,059,577	7,701,108
4.9	Accounts receivable	1230	19,780,606	16,784,840	12,084,951
	Long-term accounts receivable - total	1231	1,106,542	262,814	361,113
	Settlements with buyers and customers	1232	44,424	76,178	107,932
	Advances made	1233	5,105	-	-
	Other debitors	1234	1,057,013	186,636	253,181
	Short-term accounts receivable - total	1235	18,674,064	16,522,026	11,723,838
	Settlements with buyers and customers	1236	6,476,450	11,067,812	6,528,734
	Advances made	1237	3,607,282	2,455,638	2,931,694
	Other debitors	1238	8,590,332	2,998,576	2,263,410
4.6	Financial investments	1240	547,687	3,454,314	2,844,650
4.8	Cash	1250	2,390,128	4,382,332	4,747,646
	Other current assets	1260	200,709	1,101,254	918,068
	Total for section II	1200	120,098,125	104,792,732	83,819,794
	Balance	1600	356,877,032	339,678,357	313,304,548

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	(-)	(-)	(-)
	Revaluation of non-current assets	1340	-	-	-
	Added capital (without revaluation)	1350	181,524,792	181,735,153	181,735,316
	Reserve capital	1360	8,972	26,798	25,538
4.16	Reserves formed in accordance with legislation	1361	7,824	25,650	24,390
	Reserves formed in accordance with founding documents	1362	1,148	1,148	1,148
	Undistributed profit (uncovered loss)	1370	89,864,036	91,676,694	92,083,860
	Total for section III	1300	271,420,762	273,461,607	273,867,676
IV. Long-term Liabilities
	Borrowed funds	1410	7,993,031	3,735,233	-
	Deferred tax liabilities	1420	122,375	174,975	-
	Estimated liabilities	1430	-	-	-
	Other liabilities	1450	981,324	586,912	-
	Total for section IV	1400	9,096,730	4,497,120	-
V. Short-term Liabilities
4.15	Borrowed funds	1510	33,732,964	27,910,479	11,956,933
4.12	Accounts payable	1520	41,488,165	32,519,968	26,802,261
	Suppliers and contractors	1521	22,100,035	14,441,780	8,055,076
	Advances received	1522	16,663,672	17,820,789	18,702,484
	Accounts payable to employees	1523	191	611	275
	Accounts payable to state non-budget bodies	1524	-	-	-
	Accounts payable in respect of taxes and levies	1525	14,624	70,901	16,572
	Other creditors	1526	2,709,643	185,887	27,854
4.11	Deferred income	1530	8,043	8,592	16,997
4.17	Estimated liabilities	1540	817,893	1,224,600	644,847
	Other liabilities	1550	312,475	55,991	15,834
	Total for section V	1500	76,359,540	61,719,630	39,436,872
	Balance	1700	356,877,032	339,678,357	313,304,548

		Codes
	Form under OKUD	0710002
	Date (day, month, year)	31	12	2013
Organization TVEL Joint Stock Company	under OKPO	45046040
Taxpayer Identification Number	TIN	7706123550
Type of business Production of nuclear fuel	under OKVED	23.30
Form of incorporation/form of ownership Joint Stock Company	under OKОPF/OKFS	12247		16
Measurement unit: in Thous RUB	under OKEI	384
Location (address) Bld.24, Bolshaya Ordynka st., Moscow, 119017

Comments

Index description

Code

As on December 31, 2013

As on December 31, 2012

4.19	Proceeds, including	2110	106,701,619	102,758,386
	proceeds from sale of own products		87,398,527	78,394,400
	proceeds from sale of goods		(-)	(-)
	proceeds from carrying outwork, rendering services		15,870,724	21,233,887
4.19	Prime cost of sales, including	2120	(75,722,527)	(70,515,682)
	prime cost of sales of own products		(57,891,889)	(50,484,780)
	prime cost of sales of goods		(-)	(-)
	prime cost of carrying out work, rendering services		(14,989,136)	(17,822,826)
	Gross profit (loss)	2100	30,979,092	32,242,704
4.19	Commercial expenses	2210	(1,302,238)	(1,405,774)
4.19	Management expenses	2220	(6,803,476)	(5,228,577)
	Sales profit (loss)	2200	22,873,378	25,608,353
4.20	Income from participation in other entities	2310	4,150,891	515,740
4.20	Interest receivable	2320	457,967	326,448
4.20	Interest payable	2330	(1,697,016)	(979,779)
4.20	Other income, including	2340	867,122	3,769,534
	Income from lease out of fixed assets (net) Long lead equipment		467,550	493,572
	Income from revaluation of securities at market value		-	860,397
	Income from currency differences on liabilities and assets in foreign currency		—	765,174
	Income from property and monetary assets from federal, regional and local budget (financial activities)		—	574,127
	Income from currency purchase and sale transactions		64,090	-
	Income from inventory surplus and other property as a result of inventory check		240,655	239,495
	Other income (net)		-	258,144
4.20	Other expenses, including	2350	(6,295,796)	(5,111,530)
	Expenses associated with lease out of fixed assets		(348,486)	(355,183)
	Expenses for provisions for financial investments impairment		(-)	(2,359,351)
	Expenses from currency differences on liabilities and assets in foreign currency		(1,353,059)	(-)
	Expenses from revaluation of securities at market value		(2,150,397)	(-)
	Expenses for charity and voluntary contributions		(-)	(395,230)
	Expenses for R&D and design and survey work		(1,242,176)	(918,502)
	Expenses from tax claims		(-)	(471,534)
	Other expenses		(367,743)	(-)
	Income (loss) before tax	2300	20,356,546	24,128,766
	Current profit tax	2410	(3,632,569)	(4,794,844)
4.18	including standing tax liabilities (assets)	2421	(3 38,492)	(326,016)
4.18	Variation of deferred tax liabilities	2430	1,172	(126,612)
4.18	Variation of deferred tax assets	2450	51,428	(127,822)
	Other	2460	(104,508)	(-)
	Redistribution of profit tax within consolidated group of taxpayers	2465	452,761	—
	Net profit (loss)	2400	17,124,830	19,079,488
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	(210,361)	(162)
	Cumulative financial result for the period8	2500	16,914,469	19,079,326
4.21	Basic earnings (loss) per share	2900	1	1
	Diluted earnings (loss) per share	2910

		Codes
	Form under OKUD	0710003
	Date (day, month, year)	31	12	2013
Organization TVEL Joint Stock Company	under OKPO	45046040
Taxpayer Identification Number	TIN	7706123550
Type of business Production of nuclear fuel	under OKVED	23.30
Form of incorporation/form of ownership Joint Stock Company	under OKОPF/OKFS	12247		16
Measurement unit: in Thous RUB	under OKEI	384
Location (address) Bld.24, Bolshaya Ordynka st., Moscow, 119017

I. Flow of capital

Index description

Code

Equity capital

Own shares redeemed from shareholders

Added capital

Reserve capital

Undistributed profit (uncovered loss)

Total

Value of the capital as of December 31, 2011

3100

22962

181,735,316

25,538

92,083,860,

273,867,676

Increase of capital - total:	3210			705	2,075,673	19,079,488	21,155,866
including: net profit	3211					19,079,488	19,079,488
revaluation of property	3212
income charged directly to increase of capital	3213			705	2,075,673		2,076,378
additional emission of shares	3214
increase in the par value of shares	3215
reorganization of the legal entity	3216
use of industry-based reserves for investment purposes	3217
Reduction of the capital - total:	3220			(868)	(2,074,413)	(19,486,654)	(21,561,935)
including:
loss	3221
revaluation of property	3222
expenses charged directly to reduction of the capital	3223			(868)	(2,074,413)		(2,075,281)
decrease in the par value of shares	3224
decrease in the number of shares	3225
reorganization of the legal entity	3226
dividends	3227					(19,486,654)	(19,486,654)
Change in the added capital	3230
Change in the reserve capital	3240						-
Value of the capital as on December 31, 2012	3200	22,962		181,735,153	26,798	91,676,694	273,461,607

Increase of the capital - total:	3310	-	-	394,731	3,384,125	17,124,830	20,903,686
including: net profit	3311					17,124,830	17,124,830
revaluation of property	3312						-
income charged directly to increase of capital	3313			394,731	3,384,125		3,778,856
additional emission of shares	3314						-
increase in the par value of shares	3315						-
reorganization of the legal entity	3316						-
use of industry-based reserves for investment purposes	3317						—
Reduction of the capital - total:	3320			(605,092)	(3,401,951)	(18,937,488)	(22,944,531)
including:
loss	3321						—
revaluation of property	3322						-
expenses charged directly to reduction of the capital	3323			(605,092)	(3,401,951)		(4,007,043)
decrease in the par value of shares	3324						-
decrease in the number of shares	3325						-
reorganization of the legal entity	3326						-
dividends	3327					(18,937,488)	(18,937,488)
Change in the added capital	3330						-
Change in the reserve capital	3340
Value of the capital as on December 31, 2013	3300	22,962		181,524,792	8,972	89,864,036	271,420,762

II. Corrections due to change in the accounting poLicy and elimination of errors

Index description	As of December 31, 2011	Changes in the capital for 2012		As of December 31, 2012
		on account of the net profit (loss)	based on other factors

before corrections				-
correction due to: change in the accounting policy	-			-
elimination of errors	-			-
after corrections	-			-

undistributed profit (uncovered loss): before corrections
correction due to: change in the accounting policy				-
elimination of errors	-
after corrections

Added capital
before corrections
correction due to: change in the accounting policy
elimination of errors	-
after corrections				-

Reserve capital
before corrections
correction due to: change in the accounting policy				-
elimination of errors	-
after corrections

III. Net assets

Index description

Code

As on December 31, 2013

As on December 31, 2012

As on December 31, 2011

Net assets

3600

271,428,805

273,470,199

273,884,673

		Codes
	Form under OKUD	0710004
	Date (day, month, year)	31	12	2013
Organization TVEL Joint Stock Company	under OKPO	45046040
Taxpayer Identification Number	TIN	7706123550
Type of business Production of nuclear fuel	under OKVED	23.30
Form of incorporation/form of ownership Joint Stock Company	under OKОPF/OKFS	12247		16
Measurement unit: in Thous RUB	under OKEI	384
Location (address) Bld.24, Bolshaya Ordynka st., Moscow, 119017

Index description

Code

Over 12 months of 2013

Over 12 months of 2012

Cash flow associated with day-to-day operations
Receipts - total	4110	109,809,008	101,611,222
including:
to suppliers (contractors) for raw materials, materials, works, services	4111	109,396,513	98,212,987
from lease payments, license payments, royalty and other similar payments	4112	49,582	49,492
from re-sale of financial investments	4113
other receipts	4119	362,913	3,348,743
Payments - total	4120	(100,191,433)	(93,117,115)
including:
to suppliers (contractors) for raw materials, materials, works, services	4121	(87,292,384)	(80,370,719)
associated with remuneration of employees labour	4122	(1,707,353)	(1,580,452)
interest on debt obligations	4123	(1,768,983)	(922,066)
corporate profit tax	4124	(4,474,476)	(4,576,032)
other payments	4129	(4,948,237)	(5,667,846)
Balance of cash flow associated with day-to-day operations	4100	9,617,575	8,494,107
Cash flow associated with investment activities
Receipts - total	4210	38,013,383	9,532,236
including:
from sale of non-current assets (except for financial investments)	4211	91,046	88,588
from sale of shares (participation shares) in other organizations	4212		95,3 34
from return of loans granted, from sale of debt securities (rights of funds claim from third parties)	4213	33,387,077	8,562,630
Dividends, interest from long-term financial investments and similar revenues from share interests in other companies	4214	4,515,309	758,222
other receipts	4219	19,951	27,462
Payments - total	4220	(39,446,025)	(19,229,335)
including:
associated with acquisition, creation, modernization, reconstruction and preparation for current assets operation	4221	(3,377,339)	(4,030,995)
associated with acquisition of shares (participation shares) in other organizations	4222	(5,581,706)	(5,991,798)
associated with acquisition of debt securities (rights of funds claim from third parties), loans provision to third parties	4223	(30,480,200)	(9,170,982)
interest on debt obligations included in the value of investment asset	4224	()	()
other payments	4229	(6,780)	(35,560)
Balance of cash flow associated with investment activities	4200	(1,432,642)	(9,697,099)
Cash flow associated with financial activities
Receipts - total	4310	71,791,214	46,950,074
including:
getting credits and loans	4311	71,791,214	46,950,074
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	(82,327,879)	(45,954,648)
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	(18,937,488)	(19,486,653)
associated with payment (repurchase) of promissory notes and other debt securities, repayment of credits and loans	4323	(63,390,391)	(26,467,995)
other payments	4329	()	()
Balance of cash flow associated with financial operations	4300	(10,536,665)	995,426
Balance of cash flow for the reporting period	4400	(2,351,732)	(207,566)
Balance of cash and cash equivalents as of reporting period beginning	4450	4,382,333	4,747,646
Balance of cash and cash equivalents as of reporting period end	4500	2,390,128	4,382,333
Effect of exchange rate changes to ruble	4490	359,528	(157,747)