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Erroneous Predictions Risk In Corporate Budgeting Systems Of Russian Companies

Table 4:

Indicator Referenceyear 2017, R0,million rubles Reported sales volume in reference year prices, R*,million rubles Reportingyear 2018, R1,million rubles
1. Revenue for the 'passenger transportation' segment 17.2 : 1.0126 x 1.043 = 17.7 19.8 : 1.017 : 1.0215 = 19.1 19.8 : 1.0215 = 19.4
2. Revenue growth due to changes in the number of passengers transported R* - R0 = 19.1– 17.7= 1.4 -
3. Revenue growth due to changes in the average cost of transportation per passenger - R1 - R* = 19,4 – 19.1= 0.3
4. Total revenue growth due to changes in two factors R1 - R0 = 19.4 – 17.7= 1.4 + 0.3 = 1.7
5. Rate of change in sales revenue (%) R1 : R0 x 100 = 194 : 17.7 x 100 = 109.6%
Source: compiled by the authors based on (Dedyukhina, 1998; Dedyukhina, 2016; Richard, 1993) and data from (Ernst &Young, 2019)
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