42
RECOPE ANNUAL REPORT 2015
OPERATING EXPENSES COMPARATIVE TABLE
DECEMBER 2014 – 2015
TOTAL OPERATING EXPENSES
(IN USD MILLIONS)
Type of Cost
December – 15
December – 14
Variation
%
Compensation
87.04
83.12
3.92
5%
Services
44.24
43.79
0.45
1%
Supplies and Materials
14.74
15.78
(1.04)
-7%
Current transfers
33.32
13.33
19.99
150%
Depreciations and amortization
32.24
41.88
(9.64)
-23%
Applied Expenses
(0.99)
(1.32)
0.33
-25%
TOTAL
210.58
196.57
14.01
7%
to $ 211 million on December 2015. The foregoing
increase is not the result of controllable costs, as the
latter presented a variation level extremely close to
the rationality and austerity, rather, said increase is
the result of the legal benefit provision, which was
enforced in accordance with the actuarial study, the
external auditors’ recommendations, the IFRS and
the guidelines from the Board of Directors. During this
year, said factor had a significant influence over the
Company’s results.
Gross sales Profit:
The gross sales profit or the
difference between the net sales and the costs
of sales was of 9%. In other words, for every $
0,19 sold, RECOPE received a $ 0,02 margin for
operation expenses; nevertheless, such margin is
not enough to meet the necessary equilibrium.
Operating expenses:
Operating expenses
represented 9,10%. Showed a 6% raise ($ 14 million),
increasing from $ 197 million in December 2014
