Bìznes Inform (Nov 2019)
Modernization of the Basic Means of Mining and Processing Enterprises of Ukraine
Abstract
The mining industry belongs to the basic industries of Ukraine, and the enterprises of the industry are export-oriented. This predetermines the priority development of technical rearmament of existing mining enterprises in order to improve the efficiency of mining production in general. The main production funds are an essential part of the means of production, and therefore they play a crucial role in the economy of mining enterprise. The problems of reproduction of basic means are important in the economic activities of mining and processing enterprises. Reproduction of the main funds of mining enterprise is one of the most important factors in the activation of investment activities in the mining industry in Ukraine. Currently, the renewal, modernization and replacement of obsolete equipment are becoming the main factors for improving the return on fixed assets, increasing profits, productivity and, ultimately, increasing the economic potential of the mining industry. The development of market relations has led to the need to improve the methods of reproduction of basic means. The final results of the enterprise’s business activities depend on the status and efficiency of use of basic means. The basic means as the main element of the material and technical basis play an important role in the production-economic activities of enterprise and should be used appropriately and efficiently. Therefore, the work towards the restoration of the enterprise’s basic means is urgent and remains one of the main issues in the current economic situation in the country. Current trends in economic development in Ukraine increase the responsibility of economic entities for the results of their activities, largely depending on the availability of basic means, their technical condition and efficient use. A common matter for the renewal of basic means is the substantiation for financing the relevant activities: first of all, an assessment of the enterprise’s trust funds, formed from profits and credit resources, must be carried out.
Keywords
