JSC Atomenergoprom Annual Report
JSC ATOMENERGOPROM TODAY
JSC ATOMENERGOPROM / ANNUAL REPORT / 20
Cash flow
Indicator
2020
2021
2022
2022/2021, %
Cash flow from operating activities before changes in working
capital
348.0
393.1
439.9
111.9
Changes in working capital
(35.0) (58.1)
(47.4)
81.6
Income tax paid
Interest paid
Net cash flow from operating activities
Capital expenditures
(93.9)
(69.7)
(61.4)
88.1
(14.8)
(16.6)
(47.3)
284.9
204.3
248.7
283.8
114.1
Other
46.3
(243.3) (358.0) (541.1)
(161.4) (32.5)
151.1
20.1
Net cash flow used in investing activities
Net changes in total debt
(197.0) (519.4)
(573.6)
110.4
26.0
222.2
622.9
280.3
Payment of lease liabilities
(3.8)
(4.1)
(4.0)
97.6
Dividends paid
(23.4) (41.9)
(42.1)
100.5
Acquisition of non-controlling interest
(7.2)
(4.3)
Net cash flow from/(used in) financing activities
(8.4)
176.2
572.5
324.9
Net (decrease)/increase in cash and cash equivalents
(1.1)
(94.5)
282.7
(299.2)
Cash and cash equivalents at the beginning of the reporting
period
280.4
314.7
216.9
68.9
Effect of movements in foreign exchange rates on cash and cash
equivalents
34.8
(3.3)
(8.6)
260.6
Cash and cash equivalents at the end of the reporting period
314.1
216.9
491.0
226.4
Approach to taxation
JSC Atomenergoprom is a major taxpayer in Russia. Its organisations make significant contributions to
budget revenue in their regions of operation. Information on taxes paid is regularly provided to regional
administrations, the Government and the President of the Russian Federation. JSC Atomenergoprom views
strict compliance with laws as a necessary prerequisite for the implementation of its strategy.
In order to develop a single approach and minimise tax risks, ROSATOM develops and regularly updates
the following uniform industry-wide documents regulating tax matters for JSC Atomenergoprom and its
organisations: the Uniform Accounting Policy for Taxation; the Methodological Guidelines on Tax Due Diligence
of Transactions; the Methodological Guidelines and Procedure for Communication on Transfer Pricing
Matters; the Procedure for Calculating Income Tax for Controlled Foreign Companies and the Methodological
Guidelines on Inspecting and Classifying Foreign Entities for the Purpose of Income Tax Calculation in the
Russian Federation; the Procedure for Compiling Country-by-Country Data; the Methodological Guidelines
on Identifying and Assessing Risks to Be Identified for the Purpose of Tax Monitoring; the Methodological
Guidelines on Assessing the Applicability of Benefits under Tax Treaties (MLI).
Tax management, control and risk management
JSC Atomenergoprom has developed and operates a corporate risk management system on an ongoing
basis. The tax risk management process is aimed at preventing or minimising risks, analysing the outcomes
of the relevant measures and disclosing information on risks. Tax risk management approaches are
regulated by uniform industry-wide guidelines and recommendations. In addition, those organisations
that have joined the tax monitoring programme prepare quarterly tax risk reports to be submitted to tax
authorities, as required by the Federal Tax Service of Russia (the risk register is compiled and updated
based on the Industry-Wide Risk Library).
The performance of the tax function of JSC Atomenergoprom's subsidiaries is monitored by ROSATOM,
which sets the relevant key performance targets (for the materiality of errors and for the share of non-
deductible expenses).
1,396.5
RUB BILLION
REVENUE UNDER IFRS IN 2022
JSC ATOMENERGOPROM TODAY
JSC ATOMENERGOPROM / ANNUAL REPORT / 21View entire presentation