ANALYSIS OF FINANCIAL AND ECONOMIC ACTIVITY OF STATE FOREST ENTERPRISES IN THE CONDITIONS OF ECONOMIC AND ECOLOGICAL CRISIS

Анотація

The instability of environmental and economic situations requires forestry companies to be more thoroughly analytical in their management decisions. They also generate additional information needs for companies. The purpose of the paper was to analyze the financial and economic activity of forestry enterprises in the conditions of economic and environmental instability and to identify the main reasons for changes in forestry activity. Its implementation was ensured by economic, logical, statistical, etc. methods of research of financial and economic indicators of functioning of PE "Emilchinskoe Forestry". The main tendencies of development of the forestry industry and their impact on the environment are highlighted. The dynamics of the main economic indicators of forestry activity on the example of PE "Emilchinskoe Forestry" for the period from 2017 to 2019 in the conditions of economic and environmental instability was analyzed. The obtained conclusions made it possible to predict the further development of financial and economic activity of the enterprise. The possibility of maintaining stability in particular regarding personnel policy in the conditions of economic instability was evaluated. There was a positive tendency towards an increase in average annual productivity per employee, which indicates the efficiency of the use of labor resources. At the same time, there is a negative tendency to outstrip the rate of growth of wages in comparison with the rate of growth of labor productivity, which contributes to the decrease in profitability of the enterprise. A negative trend is a decrease of the indicator of return on assets on 0.6 UAH. or 19.4 %. The situation is explained by the decrease in the total volume of production and sales of products. It was found that the volume of sold conversion products increased by 124.3 %. The results indicate a more efficient use of the merchantable volume, improvement of the assortment structure, as well as the creation of added value due to the volume of conversed wood. Overall, a negative tendency of decrease of solvency and liquidity level of the enterprise is revealed. The net profit of the forestry has more than doubled (by 56.2 %). The main factors that influenced this result are excessive taxes in the forestry industry, rising fees for forest resources, rising prices for basic materials and spare parts for production needs of the enterprise, instability of the national currency. All these factors were accompanied by a decrease in demand in the domestic market and, consequently, in prices for timber products. Further research requires the dissemination and access to statistical information and reports resulting from the activities of governmental research organizations and services.

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