International Conference on Eurasian Economies
1-3 July 2014 – Skopje, MACEDONIA
Paper detail
Paper ID : 911
Status : Paper published
Language : English
Topic : Natural Resources and Environment
Presenter: Assoc. Prof. Dr. Dmitri Pletnev
Session : 4B Energy
Features of Value Added Distribution of Gazprom Corporation in 2004-2012
Features of Value Added Distribution of Gazprom Corporation in 2004-2012
- Assoc. Prof. Dr. Dmitri Pletnev (Chelyabinsk State University, Russia)
- Assoc. Prof. Dr. Ekaterina Nikolaeva (Chelyabinsk State University, Russia)
- Zinfira Bitkulova (Chelyabinsk State University, Russia)
Abstract
Searching for new indices of a modern corporation is one of urgent problems of modern economic science. In our opinion, there are good prospects of using "a value added" as an indicator. It reflects a corporation’s ability of creating a new value, whereas its distribution between different players shows an ability of meeting their interests. The aim of the present paper is to propose a methodology and consider a calculation of the amount and distribution of values added between major groups of players on the basis of some financial statements of the Gazprom Corporation for the period of 2004-2012. The proposed methodology for estimating a value added is based on a Marxist interpretation of this concept. Such a value added can be calculated as a sum of elements that belong to different stakeholders. For our calculation, we have used data contained in the Gazprom Corporation’s IFRS consolidated financial statements and quarterly reports for the period of 2004-2012. The main part of the value added of Gazprom was appropriated by the state through tax and customs systems. Its share is around 50% of the total value added. The second most important recipients of the value added are corporation owners. Their share just slightly fell short of 40% in 2010 and 2011, and in 2012 it was 33.8%. The third most important subjects in terms of value added assignments are workers. Their share has been steadily shrinking in the period from 2004 (13.8%) to 2012 (10.4%).
JEL codes: L20, D30
Pletnev, Dmitri, Nikolaeva, Ekaterina, Bitkulova, Zinfira (2014). "Features of Value Added Distribution of Gazprom Corporation in 2004-2012" in Proceedings of International Conference of Eurasian Economies 2014, pp.333-338, Skopje, MACEDONIA.
DOI: https://doi.org/10.36880/C05.00911
