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Erroneous Predictions Risk In Corporate Budgeting Systems Of Russian Companies

Table 2:

Indicator Referenceyear 2017 R0,billion rubles Reported sales volume in reference year prices, R*,billion rubles Reportingyear 2018, R1,billion rubles
Revenue for 'freight' business segment 1367.3 : 1.0126 x 1.043 = 1408.3 1454.5 : 1.05 : 1.0215 = 1356.1 1454.5: 1.0215 = 1423.9
2. Revenue growth due to changes in the physical volume of goods transported R* - R0 =1356.1- 1408.3 = - 52.2 -
3. Revenue growth due to changes in the average cost of transportation of one ton of freight - R1 - R* = 1423.9 - 1356.1 = 67.8
4. Total revenue growth due to changes in two factors R1 - R0 = 1423.9 - 1408.3 = - 52.2 + 67.8 = 15.6
5. Rate of changes in sales revenue (%) R1 : R0 x 100 = 1423.9 : 1408.3 x 100 = 101.1 %.
Source: compiled by the authors based on (Dedyukhina, 1998; Dedyukhina, 2016; Richard, 1993) and data from (Ernst &Young, 2019)
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