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Annual report 2012 www.recope.com
- FINANCIAL POSITION
ADMINISTRATIVE
Sales revenues are the Company´s main source of financing,
amounting up to ¢1.569.912 million (US $3.098.123 thousand
on December of 2012). By comparing this sum with the US
$3.013.938 thousand income generated on December of
2011 (¢1 527 253 million), a difference of ¢42.659 million (US
$84.185 thousand) equivalent to a 3% increase is appraised.
The variation is derived from sale price adjustments approved
by the Autoridad Reguladora de los Servicios Públicos (ARESEP).
Increases in the international oil market and tax updates were
only applied by the Ministerio de Hacienda, such increases
are not due to changes in domestic demand, as there was no
growth in volume.
Expenditures totaled ¢1.625.518 million (US $3.207.858
thousand), 92% of which corresponds to payments for oil
imports, 2.6% to wages, 1% to goods and services, taxes
and financial assets, 4% to investments and the remaining is
distributed between transfers, debts and financial assets.
SALE POINT BUDGET EXECUTION, DECEMBER 31ST, 2012
Revenues and Expenses