Management of own sources of financing of capital investments in agro-industrial complex organizations

Issue № 3, 2020, article № 3, pages 26-36

Section: Economic mechanism of managing

Language: Russian

Original language title: УПРАВЛЕНИЕ СОБСТВЕННЫМИ ИСТОЧНИКАМИ ФИНАНСИРОВАНИЯ КАПИТАЛЬНЫХ ВЛОЖЕНИЙ В ОРГАНИЗАЦИЯХ АПК

Keywords: OWN SOURCES, FINANCING, CAPITAL INVESTMENTS, INVESTMENT TAX DEDUCTION, INCOME TAX OF ORGANIZATIONS

Abstract: Own sources of financing of enterprises are represented by capital and reserves created when making deposits in capital, its increase, carrying out separate operations to bring the value of own fixed assets to the current market, etc., which creates additional capital of the economic entity. The most attractive component in the structure of own funds is retained earnings of organizations after payments to the budget and withholding of dividends, which allows to replenish reserves or finance capital investments, operating expenses. Its size is influenced not only by generally accepted indicators - composition and structure of income and expenses - but also by the policy of organizations in terms of using tax manoeuvres to increase the costs recognized in taxation, to direct part of the calculated amount of income tax to long-term investments. Since agricultural organizations are most characteristic of their own sources of financing of authorized and additional capital, as well as net profit, it is important to study the factors of formation of own funds for understanding the possibilities of quality management of them and potential replenishment for the needs of the enterprise.

Authors: Dedova Olga Vasilevna, Dvoretskaia IUliia Aleksandrovna, Melgui Andrei Eduardovich