Анализ инвестиционной деятельности в Амурской области

 

 

2. Фактическая (остаточная) стоимость имущества

655,914

1836,559

3476,344

 

1836,5593333,754

3333,7543191,164

3191,164142,5903048,574

15542,310

3. Налог на прибыль

172,44434,489

360,90372,181

577,940115,588

608,933121,787

639,926127,985

670,919134,184

575,220

4. Налог на имущество 

655,91414,430

1836,55940,404

3476,34476,480

3333,75473,343

3191,16470,206

3048,57467,069

341,931

5.  Всего налоги

34,48914,43048,919

72,18140,404112,585

115,58876,480192,068

121,78773,343195,129

127,98570,206198,191

134,18467,069201,252

917,151

 

oblast....................................................................................................6Chapter 3. The analysis of the investment market of the Russian Federation on the example of Amur region.......................................................................................113.1. Investment potential of the Amur region........................................................................................113.2. The status and structure of investments in the Amur region........................................................................................143.3. Factors of investment activity in the Amur region........................................................................................153.4. Comparative characteristics of attracting investments to Amur blast........................................................................................16Conclusion..................................................................................17References..............................................................19Introduction The problem of investment is relevant in the modern economy. It is acknowledged that the viability and prosperity of any business, of any socio-economic system largely depends on a sound investment policy. This policy is costly and risky . In other words, first, investment does not happen without cost – first, you need to invest, and only later, if the calculations were correct, made the costs will pay off; secondly, it is impossible to predict all the circumstances, the pending investor in the future - there is always a probability that the investment will completely or partially lost. In General, a well-established investment activity for any economy is key and throughout the world is the most important feature of management efficiency. The mass introduction of the latest high-tech equipment and modern technologies involve significant capital costs, because the improved technique is much more expensive than traditionally produced. Active investment activity is a recurring cyclical process. Creating conditions for positive changes in the economy, this process is the "engine" of the technical, and hence socio-economic development of the whole society. Based on investment to create new enterprises and existing ones - expand, develop new, modern products, which in turn benefits not only the customers investment, their business partners and by investors, but also to the state, which receives from successful enterprises in more revenue in taxes. The aim of this work is to analyze the investment activity in the Amur region. The subject of this study are the investment processes and investment activities. The object of study – Amur oblast. For the analysis of investment activity it is necessary to solve the following tasks: briefly describe the Amur region, to consider the investment ofТаблица 2.12 - Поток реальный денег от операционной деятельности, млн. руб.

№	Показатели	Порядок расчёта	Годы							Всего
п/п			1-й	2-й	3-й	4-й	5-й	6-й	7-й	за период
1	Тарифные доходы	Табл.11, стр.1	-	405,000	657,000	900,000	900,000	900,000	900,000	4662,000
2	Эксплуатационные расходы (без амортизации)	Табл. 9, стр. 6	-	-	-	-	-	-	-	-
3	Налоги, относимые на результаты финансово-хозяйственной деятельности	Табл. 12, стр. 5	-	48,919	98,448	152,485	158,684	164,882	171,081	794,500
4	Выплаты процентов	Табл. 11, стр. 4	154,965	154,965	154,965	123,972	92,979	61,986	30,993	619,859
5	Поток реальных денег от операционной деятельности	Стр. 1–2–3–4	-154,965	201,116	403,587	623,543	648,337	673,132	697,926	3092,676

 

 

405,000341,651

112,585

 

195,12973,343

198,19170,206

201,252201,252

 

Таблица 2.13 Поток реальных денег от операционной деятельности, млн. руб.

№	Показатели	Порядок расчёта	Годы							Всего за период
п/п			1-й	2-й	3-й	4-й	5-й	6-й	7-й
1	Акционерный (собственный) капитал
2	Кредиты	2213,783	-	-	-	-	-	-	2213,783	2213,783
3	Выплата основного долга по кредитам	-	-	442,757	442,757	442,757	442,757	442,757	2213,783	-
4	Выплата дивидендов по акциям
5	Поток реальных денег от финансовой деятельности	2213,783	-	442,757	442,757	442,757	442,757	442,757	4427,567	2213,783

 

 

 

 

 

 

Таблица 2.14 - Движение реальных денежных средств, млн. руб.

№	Показатели	Порядок расчёта	Годы							Всего
п/п			1-й	2-й	3-й	4-й	5-й	6-й	7-й	за период
1	Приток средств
01.1	Тарифные доходы	Табл.13, стр. 1	-	405,000	657,000	900,000	900,000	900,000	900,000	4662,000
01.2	Кредиты	Табл.14, стр. 2	2213,783	-	-	-	-	-	-	2213,783
01.3	Итого	Стр.1.1 + стр.1.2	2213,783	405,000	657,000	900,000	900,000	900,000	900,000	6875,783
2	Отток средств
02.1	Капитальные затраты	Табл.3, стр. 1	867,300	693,840	607,110	-	-	-	-	2168,250
02.2	Прирост оборотных средств	Табл.3, стр. 2	18,213	14,571	12,749	-	-	-	-	45,533
02.3	Эксплуатационные расходы (без амортизационных отчислений)	Табл.9, стр. 6	-	20,555	36,999	51,388	51,388	51,388	51,388	263,107
02.4	Выплаты в погашение займов (основного долга)	Табл. 5, стр. 2	-	-	442,757	442,757	442,757	442,757	442,757	2213,783
02.5	Уплаченные проценты	Табл. 5, стр. 3	154,965	154,965	154,965	123,972	92,979	61,986	30,993	774,824
02.6	Налоги, всего	Табл.12, стр. 5	-	48,919	98,448	152,485	158,684	164,882	171,081	794,500
	на прибыль	Табл.12, стр. 3	-	34,489	72,474	116,410	122,609	128,807	135,006	609,795
	прочие из прибыли	Табл.12, стр. 4	-	14,430	25,974	36,075	36,075	36,075	36,075	184,705
02.7	Итого	Стр.2.1+2.2+2.3+	1040,478	863,375	1353,029	770,602	745,808	721,013	696,219	6259,998
3	Сальдо притоков и оттоков по годам	Стр.1.3 –стр.2.7	1173,305	-458,375	-696,029	129,398	154,192	178,987	203,781	615,786
03.1	То же, нарастающим итогом		1173,305	714,930	18,901	148,299	302,492	481,479	685,260	-

 

 

 

 

1.3) Итого:

 

2.7) Итого:

867,30018,213154,9651040,478

693,84014,571154,965863,375

607,11012,749+38,467+442,757+154,965+112,5851368,633

55,498442,757123,972192,068814,294

55,498442,75792,979195,129786,363

55,498442,75761,986198,191758,431

55,498442,75730,993201,252730,500

6400,556

3.)Сальдо притоков и оттоков по годам:

2213,7831040,4781173,305

405,0001368,633-458,375

657,000-711,633

814,29485,706

786,363113,637

758,431141,569

730,500169,500

6875,7836400,5566400,556

 

oblast....................................................................................................6Chapter 3. The analysis of the investment market of the Russian Federation on the example of Amur region.......................................................................................113.1. Investment potential of the Amur region........................................................................................113.2. The status and structure of investments in the Amur region........................................................................................143.3. Factors of investment activity in the Amur region........................................................................................153.4. Comparative characteristics of attracting investments to Amur blast........................................................................................16Conclusion..................................................................................17References..............................................................19Introduction The problem of investment is relevant in the modern economy. It is acknowledged that the viability and prosperity of any business, of any socio-economic system largely depends on a sound investment policy. This policy is costly and risky . In other words, first, investment does not happen without cost – first, you need to invest, and only later, if the calculations were correct, made the costs will pay off; secondly, it is and a decent standard of living. Under the cow here refers to the asset, and under the milk income cash flow generated by the assets. Under a lot of

 

 

Таблица 2.15 - Расчет интегральных показателей эффективности инвестиций в строительство ВОЛС, млн. руб.

№	Показатели	Порядок	Годы							Всего
п/п		расчёта	1-й	2-й	3-й	4-й	5-й	6-й	7-й	за период
1	Поток реальных денег от инвестиционной деятельности	Табл.3, стр. 3	885,513	708,411	619,859					2213,783
2	Поток реальных денег от операционной деятельности	Табл.13, стр. 5	-154,965	201,116	403,587	623,543	648,337	673,132	697,926	3092,676
3	Чистый поток реальных денег	Стр.2 – стр.1	-1040,478	-507,294	-216,273	623,543	648,337	673,132	697,926	878,893
4	Норма дисконта		0,010	0,010	0,010	0,010	0,010	0,010	0,010
5	Коэффициент дисконтирования		1,100	1,210	1,331	1,464	1,611	1,772	1,949
6	Дисконтированный поток реальных денег от инвестиционной деятельности	Стр.1 × стр.5	974,065	857,177	825,033					2656,274
7	Дисконтированный поток  денег от операционной деятельности	Стр.2 × стр.5	-170,461	243,351	537,174	912,929	1044,154	1192,494	1360,060	5119,700
8	Чистый дисконтированный доход при заданной норме дисконта:
	по годам периода	Стр.7 – стр.6	-1144,526	-613,826	-287,859	912,929	1044,154	1192,494	1360,060	2463,426
	нарастающим итогом		-1144,526	-1758,352	-2046,211	-1133,282	-89,128	1103,366	2463,426
9	Индекс доходности	Стр.7(всего)/								1,927
10	Срок окупаемости

 

 

1. Чистый поток реальных денег:

 

341,651708,411-366,760

619,859-115,849

 

 

3216,960-2213,7831003,177 млн. руб.

6. Дисконтированный поток реальных денег от инвестиционной деятельности:

885,513805,012

708,4110,826585,463

619,8590,751465,709

1856,185

7. Дисконтированный поток денег от операционной деятельности:

341,6510,826282,356

504,0110,751378,671

631,4530,683431,291

631,5280,621392,129

631,6040,564356,524

631,6790,513324,151

 

8. Чистый дисконтированный доход при заданной норме дисконта:

-140,877805,012-945,889

282,356585,463-303,107

378,671465,709-87,039

2024,2451856,185168,060

 

Заключение

Таблица - Чистый Дисконтированный доход нарастающим итогом

	1-й	2-й	3-й	4-й	5-й	6-й	7-й
ЧДД с нарастающим итогом	-1144,526	-1758,352	-2046,211	-1133,282	-89,128	1103,366	2463,426

 

 

График – Определение срока окупаемости и максимального денежного потока

Таким образом, за расчетный период чистый дисконтированный доход составляет 3061,491 млн. руб., что больше 0, индекс доходности равен 1,927что больше 1. Срок окупаемости составил лет, что меньше нормативного срока окупаемости, равного Тн=1/E=6,67. 

Исходя из рассчитанных показателей, можно сделать вывод, что инвестиционный проект эффективен.

impossible to predict all the circumstances, the pending investor in the future - there is always a probability that the investment will completely or partially lost. In General, a well-established oblast....................................................................................................6Chapter 3. The analysis of the investment market of the Russian Federation on the example of Amur region

 

a Библиографический список

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2. Гаглоев П., Белогур С. Инвестиционные просторы России / Российский инвестиционный вестник. – 1997. - № 3. - с. 36-38, 94-95.
3. Инвестиции: Учеб. пособие /Под ред. М.В. Чиненова. – М.: КноРус, 2011. – 240-241, 368-370 с.
4. Колмыкова Т. С. Инвестиционный анализ. — М.: ИНФРА-М, 2009 г. — 204 с.
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The content Introduction.......................................................................................3- Chapter1. What investments.............................................................41.1 the Concept of ’investment’..................................................................41.2 Sources of investment................................................................5hapter 2. Characteristics of Amur oblast....................................................................................................6Chapter 3. The analysis of the investment market of the Russian Federation on the example of Amur region.......................................................................................113.1. Investment potential of the Amur region........................................................................................113.2. The status and structure of investments in the Amur region........................................................................................143.3. Factors of investment activity in the Amur region........................................................................................153.4. Comparative characteristics of attracting investments to Amur blast........................................................................................16Conclusion..................................................................................17References..............................................................19Introduction The problem of investment is relevant in the modern economy. It is acknowledged that the viability and prosperity of any business, of any socio-economic system largely depends on a sound investment policy. This policy is costly and risky . In other words, first, investment does not happen without cost – first, you need to invest, and only later, if the calculations were correct, made the costs will pay off; secondly, it is impossible to predict all the circumstances, the pending investor in the future - there is always a probability that the investment will completely or partially lost. In General, a well-established investment activity for any economy is key and throughout the world is the most important feature of management efficiency. The mass introduction of the latest high-tech equipment and modern technologies involve significant capital costs, because the improved technique is much more expensive than traditionally produced. Active investment activity is a recurring cyclical process. Creating conditions for positive changes in the economy, this process is the "engine" of the technical, and hence socio-economic development of the whole society. Based on investment to create new enterprises and existing ones - expand, develop new, modern products, which in turn benefits not only the customers investment, their business partners and by investors, but also to the state, which receives from successful enterprises in more revenue in taxes. The aim of this work is to analyze the investment activity in the Amur region. The subject of this study are the investment processes and investment activities. The object of study – Amur oblast. For the analysis of investment activity it is necessary to solve the following tasks: briefly describe the Amur region, to consider the investment potential of the region, its normative-legal regulation of investment activity, to consider the state and structure of investment in the region, to consider the factors of investment activity in the region and to compare the attraction of investments in economy of the Amur region. Chapter 1. What investments.1. The concept of investment Investments are an integral part of the modern economy. In modern economic theory the term "investment" means long-term capital investments in various industries. These investments can be made within the country or abroad. Investment activity is a business activity which has the purpose of generating income. So it is possible to Express the essence of investment in the most simple and accessible form. From a scientific point of view, the nature of the investment can be described as a complex process aimed at the accumulation of capital at minimal risk (in other words – to maximize income with minimal losses). The peculiarity is that to invest have in the present, to get a profit in the future. And receive the more doubtful, the more risky is the investment project. As a rule, the less risk implies the investment activity investments in the Amur region........................................................................................143.3. Factors of investment activity in the Amur region........................................................................................153.4. Comparative characteristics of attracting investments to Amur blast........................................................................................16Conclusion..................................................................................17References..............................................................19Introduction The problem of investment is relevant in the modern economy. It is acknowledged that the viability and prosperity of any business, of any socio-economic system largely depends on a sound investment policy. This policy is costly and risky . In other words, first, investment does not happen without cost – first, you need to invest, and only later, if the calculations were correct, made the costs will pay off; secondly, it is impossible to predict all the circumstances, the pending investor in the future - there is always a probability that the investment will completely or partially lost. In General, a well-established investment activity for any economy is key and throughout the world is the most important feature of management efficiency. The mass introduction of the latest high-tech equipment and modern technologies involve significant capital costs, because the improved technique is much more expensive than traditionally produced. Active investment activity is a recurring cyclical process. Creating conditions for positive changes in the economy, this process is the "engine" of the technical, and hence socio-economic development of the whole society. Based on investment to create new enterprises and existing ones - expand, develop new, modern products, which in turn benefits not only the customers investment, their business partners and by investors, but also to the state, which receives from successful enterprises in more revenue in taxes. The aim of this work is to analyze the investment activity in the Amur region. The subject of this study are the investment processes and investment activities. The object of study – Amur oblast. For the analysis of investment activity it is necessary to solve the following tasks: briefly describe the Amur region, to consider the investment potential of the region, its normative-legal regulation of investment activity, to consider the state and structure of investment in the region, to consider the factors of investment activity in the region and to compare the attraction of investments in economy of the Amur region. Chapter 1. What investments.1. The concept of investment Investments are an integral part of the modern economy. In modern economic theory the term "investment" means long-term capital investments in various industries. These investments can be made within the country or abroad. Investment activity is a business activity which has the