assets intended to carry out economic and other activities for the purpose of future
profit (income) or achievement of another beneficial effect.
The above mentioned definition of capital investment emphasizes that one of the
stages of the analysis of capital investments should be the study of the balance of
enterprises, namely, non-current assets. The latter are studied in a close relationship
with working assets, and their rational ratio (proportion) affects the efficiency of the
company and invested capital investments.
Table 4 Investment objects of Khmelnytskyi region, thousand UAH
Years
Non-current assets
Current assets
Current assets in the amount of 1
UAH of non-current assets
2012
22486711.1
22430325.4
1.00
2013
25077777.1
25384754.3
1.01
2014
27543315.5
30785783.9
1.12
2014
27259385.6
56365502.5
2.07
2016
31809938.0
247246434.4
7.77
2016 in % to 2012
141.5
1102.3
779.2
Source: Information is systematized using [7]
The data in Table 4 indicate that in the dynamics the value of non-current and
current assets increased. In fact, the growth rate of the first value (non-current assets)
is much lower than the second (current assets). If non-current assets in value
equivalents increased by only 41.5%, then current assets – 11 times. This growth has
led to a significant increase in the ratio between non-current assets and current assets.
If 2012 for 1 UAH non-current assets accounted for UAH 1 current assets, then in 2016
this value was 7.77 UAH, it has grown almost 8 times.
As a result, the changes occurred in the asset structure of enterprises of
Khmelnytskyi region. Thus, the share of non-current assets decreased from 50.1% in
2012 to 11.4% in 2016. At the same time, the growth of current assets in the asset
structure of the analyzed area occurred (Fig. 2).
Figure 2. Structure of Investment Objects of Khmelnytskyi Region
Source: Information is systematized using [7]
1
2
3
4
5
non-current assets
50,1
49,7
47,3
32,6
11,4
current assets
49,9
50,3
52,7
67,4
88,6
0
20
40
60
80
100
R
EL
A
T
IV
E WEI
G
H
T
, %
YEARS : 1-2012; 2-2013; 3-2014; 4-2015; 5-2016
- 204 -