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Erroneous Predictions Risk In Corporate Budgeting Systems Of Russian Companies

Table 3:

Indicator Reference year 2017, R0,million rubles Reported sales volume in reference year prices, R*, million rubles. Reporting year 2018, R1,million rubles
1. Revenue for the 'passenger transportation' segment 17.2 19.8 : 1.017 = 19.5 19.8
2. Revenue growth due to changes in the number of passengers transported R* - R0 = 19.5 – 17.2 = 2.3 -
3. Revenue growth due to changes in the average cost of transportation per passenger - R1 - R* = 19.8 - 19,5 = 0,3
4. Total revenue growth due to changes in two factors R1 - R0 = 19.8 – 17.2= 2.3 + 0.3 = 2.6
5. Rate of changes in sales revenue (%) R1 : R0 x 100 = 19.8 : 17.2 x 100 = 115.1%
Source: compiled by the authors based on (Voitolovsky et al., 2014) and data from (Ernst &Young, 2019)
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