FINANCIAL ASPECTS OF PROPERTY AND USE OF ENTERPRISE

Abstract

The article discusses approaches to defining the essence of the concept of property entity and the principles of its formation. In particular, some economists use the concept of capital, while other researchers identify this economic category with assets. There are also some differences in the interpretation of the essence of the concept of property in the legislation of Ukraine. Therefore, we can state the inconsistency between the acts of different branches of law, because in economic activities the company carries out transactions with the property, but the account recorded as assets. Based on the analysis the formation sources of property of companies was discovered the tendency to slower turnover of the totality of assets which lowers business activity of the studied subject. Increasing assets due to growth in non-current assets indicates that the newly attracted financial resources are mainly invested in less liquid assets, that decreasing business activity of JSC "Kyivkhlib". Along with this, a decrease in the dynamics of the coefficient of autonomy and sustainability while growing debt ratio indicates additional involvement of the borrowed sources by the enterprise that can cause deterioration of its financial condition. Research of the solvency and liquidity has shown the insolvency and lack of enterprise solvency perspective. Research of the solvency and liquidity has shown the insolvency and the enterprise's lack of a prospective solvency. Along with this, analysis of the main indicators of resource use efficiency showed that during the analyzed period the enterprise increased the risk of non-payments and also was the expansion of commercial credit. However, the negative value of the financial cycle indicates that the business entity was calculated with suppliers of goods, works and services with a delay of 4 days after receipt of funds for products, made of purchased stocks. Thus, the financial discipline of enterprise deteriorated. In general, the financial aspects of forming and use of assets of JSC "Kyivkhlib" manifested in the effects of these processes on its financial condition. Thus, JSC "Kyivkhlib" should take measures to increase profitability and efficiency, with the aim of restoring the normal structure of liabilities, the appropriate level of financial stability and liquidity.