Assessment of financial results of agricultural enterprises and use of loans by them

The article provides a comparative analysis of the financial results of two agricultural enterprises and assesses the effectiveness of their use of borrowed funds. As a result of production activities, both enterprises have a certain growth rate of gross profit, but at the same time there is an increase in the level of prime cost of agricultural products. In a comparative aspect with En-Dala LLP, the revenue growth rate at Aktyk Agrofirm JSC is much higher, which led to a higher profit growth rate of this enterprise. Both agricultural enterprises bear significant administrative and other expenses, as well as expenses related to the payment of interest on the use of loans and borrowings, since both of them are financially dependent on 70-80% of attracting loans and borrowings. All this had an impact on the decline in the mass of profit, which ultimately led to inefficiencies in both the results of production activities and the use of borrowed funds. There is a tendency to increase the share of long-term loans, or “long money”, used to strengthen their production capacity in attracting borrowed funds at the considered enterprises. However, the efficiency of using borrowed funds remains relatively low. The results of the analysis allow to conclude that the compared agricultural enterprises in difficult economic conditions do not yet have the ability to carry out their reproductive activities without borrowing resources, the size of which is not decreasing, but, on the contrary, increasing annually. While maintaining the current state of the enterprise operate in conditions of potential bankruptcy.

сельскохозяйственные предприятия, финансовый результат, займы, кредиты, банкротство, эффективность, выручка, себестоимость, прибыль, финансовая устойчивость, ауылшаруашылық кәсіпорындары, қаржылық нәтиже, заемдар, несиелер, банкроттық, тиімділік, түсім, өзіндік құн, пайда, қаржылық тұрақтылық, agricultural enterprises, financial results, loans, credits, bankruptcy, efficiency, revenue, cost, profit, financial stability

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