Nuclear industry is currently a flagship of Russian economy. It also occupies leading positions in the global economy - second in global nuclear energy production and third in uranium mining. Nuclear industry of Russia covers 36% of the global market for uranium enrichment services and 17% of the nuclear fuel market.
Fast innovative development of this industry poses various challenges to consultants - from economic to ecological - while making the highest demands on the product quality and organization of joint work. Our specialists have extensive experience of successfully supporting a unique project in the sphere of economy of the final stages of the nuclear-technological cycle. Results of the services provided were approved by Nuclear Energy Agency Experts.
Valuations for IFRS financial statements of GK Rosatom
Baker Tilly Russia specialists carried out a succession of valuations within the framework of preparation of consolidated IFRS financial statements. Subjects of valuation were blocks of shares and real estate investments of the largest subdivisions of GK Rosatom.
Valuation results were confirmed by a Big4 audit firm and accepted as part of corporate financial statements of GK Rosatom.
Результаты оценок были одобрены аудиторской компанией, входящей в Big 4, и приняты в финансовую отчетность корпорации.
Development of a package of models for calculating nuclear industry expenses
Baker Tilly Russia specialists developed a package of models allowing organizations to promptly yet comprehensively calculate amount of expenses associated with:
- decommissioning nuclear and radiation hazardous facilities (NRHF);
- handling radioactive waste;
- remediation of polluted sites;
- handling spent nuclear fuel.
The package of models provides a universal instrument allowing appraisal of expenses required for final stages of various technological processes of nuclear industry based on standardized industry assumptions. The models, at that, allow prompt calculations for various purposes - from financial statements to preparation of specific localized configurations - and assessment of the impact any changes in key parameters may have. This instrument is currently used by most nuclear industry enterprises for substantiation of decommissioning programs for NRHF, calculation of reserves required for financing costs related to final stages of the nuclear-technological cycle and preparation of data for financial statements.
Risk comes from not knowing what you’re doing.
Remember There’s No Such Thing As An Unrealistic Goal – Just Unrealistic Time Frames.
If you keep your eye on the profit, you’re going to skimp on the product. But if you focus on making really great products, then the profits will follow.