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Erroneous Predictions Risk In Corporate Budgeting Systems Of Russian Companies

Table 1:

Indicator Referenceyear 2017, R0,billion rubles Reported sales volume in reference year prices, R*, billion rubles. Reportingyear 2018, R1, billion rubles.
1. Revenue for the 'freight' segment. 1367.3 1454.5 : 1.05 = 1385.2 1454.5
2. Revenue growth due to changes in the physical volume of goods transported R* - R0 =1385.2 - 1367.3 = 17.9 -
3. Revenue growth due to changes in the average cost of transportation of one ton of freight - R1 - R* = 1454.5- 1385.2 = 69.3
4. Total revenue growth due to changes in two factors R1 - R0 = 1454.5 - 1367.3 = 17.9 + 69.3 = 87.2
5. Rate of changes in sales revenue (%) R1 : R0 x 100 – 100 = 1454.5 : 1367.3 x 100 = 106.4%.
Source: compiled by the authors based on (Voitolovsky et al., 2014) and data from (Ernst &Young, 2019)
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