ANALYSIS OF FINANCIAL AND BUSINESS ACTIVITY OF THE LEADING MILK-PROCESSING COMPANIES OF RUSSIA
Issue № 11, 2017, article № 11, pages 70-76
Section: Problems of agroeconomic researches
Language: Russian
Original language title: АНАЛИЗ ФИНАНСОВО-ХОЗЯЙСТВЕННОЙ ДЕЯТЕЛЬНОСТИ ВЕДУЩИХ МОЛОКОПЕРЕРАБАТЫВАЮЩИХ КОМПАНИЙ РОССИИ
Keywords: MILK PROCESSING INDUSTRY, FINANCIAL POSITION, FINANCIAL INDICES, SANCTIONS, SUBSTITUTION OF IMPORT, LOCALIZATION OF PRODUCTION, OUTSOURCING
Abstract: The importance of the present research is based on the necessity of evaluation of the impact that the present economic situation in Russia has on financial position of milk processing companies. Evaluation of the position of the Russian milk processing industry under economic instability and food embargo is an important problem. This problem determines the goal of the research which is to analyze the position of milk processing companies on the basis of analysis of their business and financial activity. The methodology of the present research consists in calculation of main indicators of financial and business activity on the basis of corporate accounting. The results of the analysis demonstrated that despite the difficult economic situation in Russia and decrease of the real purchasing power the financial position of the milk processing industry can be evaluated as satisfactory. The worst position can be observed in companies that depend on product supply from the countries that are under Russian agricultural and food counter-sanctions. However thanks to their interest towards Russian market these sanctions created stimuli for development of production in Russia - either in form of company-owned production facilities or in form of orders for products under company’s brand
Authors: Lipatnikov Vitalii Sergeevich