The analysis of financial result and financial position of field crop production in Vojvodina [Serbia, Serbia&Montenegro]

Vukoje, V.; Obrenovic, D. . Institut za ekonomiku poljoprivrede i sociologiju sela

The analysis of financial result and financial position of field crop production in Vojvodina [Serbia, Serbia&Montenegro]

2001

Vukoje, V. | Obrenovic, D. (Poljoprivredni fakultet, Novi Sad (Serbia and Montenegro). Institut za ekonomiku poljoprivrede i sociologiju sela)

The analysis of financial result shows that field crop production and whole agricultural production are unsuccessful because it has been realized the negative net financial result, and for its covering it is necessary to be spent 3.9% apropos 3.7% of total income. The most anxious is the extremely increasing net loss against the last year for 13.6 apropos 13.9 times more and it is mostly constrained by hidden losses of the official devaluation of Yugoslav Dinar. The financial position is characterized by extremely unfavourable financial balance, and its consequence is big non-liquidity inside campanies. The satisfactorily level of self-financial and ability to preserve the real net owned capital can not change the bad estimation of the financial position of agricultural production. The way out from "loss sector", the restore of liquidity and minimal recovery of equipment in agricultural companies in Vojvodina (Serbia, Serbia&Montenegro), the total of missing resources can be estimated to 10 milliards dinars. The only possible way to ensure such resources is property transformation with long-term capital investment in companies.

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