Second Quarter 2018 Operational and Financial Results
General and Administrative Expenses (RR million)
3,911
1,521
65
14
18
2
61
34
5,079
-473
-51
-23
Increase due to:
an indexation of base salaries
effective from 1 July 2017;
an increase in accrued provision
for bonuses to key management;
the related increase in social
contributions for medical and
social insurance and to the
Pension Fund;
as well as the acquisition of new
production assets.
Social expenses and
compensatory
payments fluctuate
period-on-period
depending on the
implementation
schedules of specific
programs we
support.
2Q17
Employee Legal, audit &
compensation
consulting
services
Social
expenses &
compensatory
payments
Advertising
expenses
Repair &
maintenance
Fire safety &
security
Insurance
expense
Business travel Rent expense
expense
Other
2Q18
NOVATEK
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