METHODOLOGICAL APPROACHES TO THE ANALYSIS OF INVESTMENT CAPITAL IN AGRICULTURAL HOLDINGS
Issue № 10, 2022, article № 14, pages 129-141
Section: Questions of methodology of economic research
Language: Russian
Original language title: МЕТОДИЧЕСКИЕ ПОДХОДЫ К АНАЛИЗУ ИНВЕСТИЦИОННОГО КАПИТАЛА В АГРОХОЛДИНГАХ
Keywords: AGRICULTURAL HOLDINGS, METHODOLOGICAL APPROACHES, INVESTMENTS, INVESTMENT ACTIVITY, INVESTMENT CAPITAL, REAL AND FINANCIAL ASSETS, HUMAN CAPITAL, EFFICIENCY, PROFITABILITY, TAXES
Abstract: The article discusses the issues of developing methodological approaches to conducting a comprehensive analysis of investment capital in agricultural holdings. From these positions, the proposed methodological approaches are built, which combine the analysis of possible sources of financing of investment capital, the diagnosis of cash flows from investment activities (investment capital), the movement of fixed capital, the analysis of investments in financial and human capital. The information base for the analysis of investment capital in holdings is the annual report and consolidated financial statements in accordance with international standards (IFRS). The methodology consists of six stages. As a result of the analysis, the optimal structure of investment capital for a particular company is formed. Based on the developed methodology, an analysis of investment capital in the agricultural holding of Cherkizovo Group was carried out, which allowed us to assess and identify that the company has been actively investing in real assets over the past five years, including in digital technologies and greening, and demonstrates an increase in investments in human capital. The calculation of the efficiency indicators of investment capital investments has demonstrated that even such a stable and profitable company has low profitability of production by net profit, the amount of wages, bonuses and rewards increases annually, but this is not enough to attract personnel with high competencies. Therefore, Cherkizovo Group needs to invest in real and intangible assets: for the acquisition of innovative technologies, equipment, digital technologies, in human capital to control and manage costs, tax payments and reduce the cost of production.
Authors: Zaruk Natalia Fedorovna