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Annual Report 2013 www.recope.com
FINANCIAL AND
ADMINISTRATIVE SITUATION
Analysis of the main components of the budget execution during the term.
To December 31, 2013, the modified budget for
the project is ¢110.31 million and ¢73.54 million has been
executed.
Income received totaled ¢1,690,686 million for
the year 2013, corresponding to current income generated
by fuel sales and capital income for securities (bonds issued
to finance investment projects), and other income, such as
financial interests.
Income for fuel sale represents the main source
of income for the company. In 2013, this amount totaled
¢1,625,639 million (96%). In comparison with income from
2012, which totaled ¢1,569,912 million, an increase of 3.55%
is observed, equivalent to ¢55,780 million. This is mainly due
to an increase of 3.11% in the domestic sales volume, as well
as to variations in the sales price applied by ARESEP.
Another important source of income is financing
bonds in the amount of ¢25,165 million, with a final balance
in banks of ¢34,813 million (end of the year 2012) and other
income for ¢5,015 million.
INCOME