home Economy The economics of agrarian applications - Andriychuk V.G.

The economics of agrarian applications - Andriychuk V.G.

15.5. Otsnika efektivnostі project for the method of pure streaming (teperishnogo) varosty

The most important integral financial and economic portrayal, which allows the project to be implemented through the extension of the efficient economic line of investment (the period of completion of the active turnover of the active part of the basic virgin funds), is a demonstration of a clean streaming process ( CPV ). Він viznachaetsya yak різниця між sukimnymi incomes (suupinni groshovy inflow) and the succumful vitrates (sucking groschen vіdtіk), take for the entire period of economical life вінвестицій і discount in the leather industry at a factor of one hour. Efektivnishim vvazhaetsya project, a safe limit for maximum CPV, oskilki at ts'omu reach the nayvische profitability vlasnichіv інвестицій у довгостроковий період.

Vuzlovichim pityannym viznachennya PPV є vibir discount rate, on the basis of the same as the retail price of discounted for the fate of the economic life of the year. Yak rule, the discount rate is taken on the actual interest rate on the dov-gostrokovy loan for the market capitals. Таке рішення fair, якщо джерелом фінансування інвестицій і лише кредит. Yaksho agrarne pіdpriєmstvo, krіm credit, використовує власний капітал, що забезпечучу одержиня вищої норсиї normi прибутку порівняно з проценною стакою на довгостроковий credit, discount rate розраховується yak serednozvazhena value vіd parts of the skin disease dzherel інвестування. Uzagalneyanchichi skazane, signifi- cantly, but the discount rate is to be blamed for not changing the riches of profitability to the odyssey of the advanced capital, lower for a certain amount of investment, underinvolve its investment in the design of the project.

For unsustainable economy, the discount rate may be subject to interest at the actual rate of interest rate on the pre-construction credit and the payment of interest by the norms of the surplus on the capitalized amount, so that the rate of inflation is lowered.

For r orahunku koefіtsієntіv diskutuvannya (Kd) grooshovikh toriіv for rocky perіodu ekonomichnogo zhitty інвестицій використовується formula * 1:

* 1: {In the denomination of the given word stepin i-1, take TODI, if you do not do it in the first rik-zdiysnennya. For such minds, the discount in the first place is taken up by the odysion. In the settlement of Vipadkiv for steppe, take ib, toto rik, for some reason to dispose of a discount.}

(15.5)

De - discount rate,%; - рік, for a certain amount of disinfection.

Якщо ЧПВ має позитивне значення, це сідчить, що рентабельність інвестицій перевищує прийняту в розрахунках discount rate. Such a project vvazhaetsya efektivnim. Ступінь ефективності тим вищий, чим більший розмір ChPV. For umovi, scho PPV dorivnjuyu zero, profitability of the draft zbіgaється z rіvnem discount rate, і vіn вважається прийнятнимним для практичного застосування. Коли ЧПВ має від'ємне значення, рентабельність інвестицій нижча за дисконтну a rate, що є свідченням нейфективності цього варіанта капіталовкладія і підставою для відмови від нього.

Attached to the offspring is the greenhouse of the emergency. Pідприємство з метю диверсифікації виробництва planuє buy mlin vartіstyu 340 тис. UAH Strok ekonomichnogo zhitty obladnnya mlyn - 12 rockiv. Vrahovoychi Tse, ekonomisti pidpriemstva vstanovili norm of depreciation - 8,3% (1: 12 = 0,083). They explained how they calculated the wage, but the pributok of the investment project is not the same as the extension of the yogo economic life. In Pershyroki, if vidbuvatimetsya proizvodnya vibrobitvtva, postopovogo rozshirennya zinku rink, pributok planuetsya menhim, nizh u podalshi rock. Mischim budesh budgets in the rest of the rock through zbilshennia vitrat on pidtrymanya mlyn in robochomu stenni. The discount rate is taken at 20%. Pributok ochikuyutsya otrimati already in the first rіk здійснення інвестицій. The value of the data for these investment projects is shown in Table. 15.2.

Table 15.2

ROSRAHUNOK PRIVATE INVESTMENT PROJECT VARTYSTU 340 tis. UAH

Discount discounts of pots are to be counted in the columns of column 6 for the discounted discount rate (given in column 7). Pure net vartity for discount rate of 20% to become 53.4 thousand yen. UAH (-296.8 + 48.5 + 54.3 + 53.2 + 44.0 + 36.7 + 30.6 ++ 25.4 + 20.6 + 17.1 + 11.2 + 8, 8 = 53,4), and for the rate of 25%, the value of the value is 4,8 thousand. UAH Tse means, scho for pidpriemstva Danish project will be cost-effective, and otze, priinyatnim for practical zdіysnennya for umovi, if the interest rate for dovgostrokovy credit mensha 25%. The profitability of the project is reduced to a discount rate (Table 15.2).

Vazhlivim otsіnochnym pokaznikom інвестицій є внутрирішня norm окупності, yaka show the exact рівень рентабельності інвестицій (project). For the economic part of internal, the norm of procurement is itself a discount, for which there is no need for a zero, and the flow rate for the project is increased with the continuous sum of investments (the flow rate of inflows to the flow rate of flow rates).

Inner norm oupkonstitci can viznachati dvaam ways. The first one is for them in the pokushki of such discount rate, for as long as they are close to zero. Yakshcho in the process of this kind of PWP positives are positive, the discount rate is paid to the dots, they will not be granted the PPV of the given value. Yakshcho with the help of a limited amount of money, the internal rate of return is equal to the average amount of two discount rates, for which the minimum amount is set in positive and for the value of the net flow rate. In our application, the minimum value of the HPV is at a discount rate of 24%, and ії мінімальне від'ємне значення - for rates of 25%. The internal rate of return is 24.5%.

For bilsh exact rozraunku vnutrishnogo normi okupnosti (VNO), you can skoristatisya in the other way, but to turn on the form of the wording of the information:

(15.6)

De I - discount rates for which are secured in the minimum positive and minimum values ​​of the value of the individual value (not obeyed by a two-point percentage point); I - in a positive and positive manner. The formula Pzn i Szn is taken with a positive sign.

For vyznachennya vnutrishnyi normi okupnosti rozglyanutim way skoristaemosya such give (Table 15.3).

Table 15.3

ROSRAHKHANOK DENIH FOR VISIBLE INTERNAL NORMALITY OF THE INSPECTION INDIVIDUAL

Yak bachimo zaniih Table. 15.3, at a discount rate of 24% of the time limit, it is more positive that a license for a one-per-cent point should be raised to an equivalent value of the ChPV. Таке мінімальне розходження discount rates (one percentage point) дає підстави використати формулу (15.6) для визначення внутрішньої норми норми окупності:

VNO = 24 +

The results, in the first place, for the project, for the investor, in a different way, give the loan for the loan to the project for the project. Obviously, the benefit will be economically priinyatnim, yakshcho rate of interest will be lower for the exporter of VNO.

Inner norm of payback (profitability) can be viznachiti і for dopomogo graph method. For a company on the ordinate, apply a positive value to the value of the CPV, and in the case of an abscissa, it is a discount factor (Figure 15.1).

Fig. 15.1. Viznachennya vnutrishnyo normi okupnostіpr mіnіmalnikh znachenney ChPV +9.3 і -4.8 thousand yen. UAH

Лінія, яка з'єднує позитивне і від'ємне значення ЧПВ, перетинає абсцису в точці, що дорівнює внутрішній нормаі окупності 24,66%. Observations result, yak bachimo, zbiagetsya z viznachenim early for an additional wording VNO, scho perekone in docilnosty vikoristana grapichnogo method at otsyntsi efektivnostі inivitsiy.

Table 15.4

ROSRAKHUNOK CHPV ON THE BASIC DAYS ABOUT THE INSURED AMORTIZATION ON THE COMBINE "LAN" VARTYSTU, SHCHO AMORTIZUTSYA, 430 yew. UAH

Slid zazchachiti, scho otpaznik PPV mozhe vikoristovuvatisya not for the sake of the effectiveness of investment projects, but for the import of the most important economical wanderers. The butt of such a grease can be registered in the economical literature of a rosraunok of an economical vigodian in order to satisfy the need for the method of taxation of depreciation in the first method of economical depreciation in the severance of a string of coryneous vicarities of the main batch. Skazhimo, mozhna postaviti sobi for meta z'yasuvati, chi moe perevagi method zmenshuvannogo pouring, shcho zastosovuyutsya naraahuvanni povatkovoї amortization, over the cumulative method. For this purpose, we distribute part by part about the nahrauvannya of depreciation on the combine "Lan", by the guidance in the temy 10 (Table 15.4).

Such a rank, zastosuvannya method zmenshuvannogo filling in podtkavikih tsіlyh not to deprive you not to receive the economical vigod, and navpaks, vono navtit mozhe vtratiti nearby 14 yew. UAH, leads up to today's warranty. Nedolikom method zmenshuvannogo pouring є th ta obtanovana, sho vin not zabezpechuyusya redemption vartosty, yaka amortizuetsya, for period korosnogo vichoristana main zasoba. In our application, we redeem 84.5% of the combine harvester (363.5: 430) • 100. The annunciator, applying this method to the method, is simple and easy to maintain.