2012 it was 46.9%, then in 2016 - 3.6%. In addition, the share of current assets
increased and in 2016 reached 96.4%.
Table 6 Structure of investment objects of Khmelnytskyi region by types of
economic activity
Balance articles
2012
2013
2014
2015
2016
Agriculture, forestry and fisheries
Non-current assets
46.9
44.5
40.8
14.2
3.6
Current assets
53.1
55.5
59.2
85.8
96.4
Industry
Non-current assets
57.0
58.6
53.2
51.5
48.0
Current assets
42.9
41.3
46.8
48.5
51.9
Wholesale and retail trade; repair of motor vehicles and motorcycles
Non-current assets
13.1
14.0
14.8
10.9
4.8
Current assets
86.9
86.0
85.2
89.1
95.2
Source: Information is systematized using [7]
A similar situation is observed in changes in the assets of the balance of industry
enterprises, wholesale and retail trade and repair of motor vehicles and motorcycles. In
fact, the rate of reduction of non-current assets in the structure of assets is much lower
and ranges from 8 to 9%.
According to the conducted studies, we conclude that the main reason for the
decrease in the share of non-current assets in the structure of Khmelnytskyi region's
assets was significant changes in the structure of the assets of agriculture, forestry and
fisheries. These changes dominated over others as a result of a significant part of the
given branch - 71.6% (2016) in the balance of capital of the region.
Did the above changes affect the efficiency of production and use of capital
investments? The answer to this question can be obtained by analyzing the main
indicators of the Khmelnytskyi region and conducting a factor analysis.
The main financial and economic indicators of the work of Khmelnytskyi
region and their correlation with the size of capital investments. Khmelnytskyi
region completed in 2016 with profits of 3005.9 ths. UAH (Table 7). This is a good
result against the background of indicators in 2014 and in 2015. They had a negative
value and amounted to -3396.1 and -479.9 thousand UAH respectively. Compared to
the base year, the financial result of the reporting year has increased nominally by 4
times.
If we take into account the inflation rate (consumer price index), then the financial
result actually increased 3 times. The growth is partly due to an increase in the
percentage of profitable enterprises in Khmelnytskyi. If in 2012 their share was 60.4%,
then in 2017 - 76.5%. The increase was 16.1%.
In terms of types of economic activity (Table 8), the most profitable was
agriculture, forestry and fisheries. The level of profitability of its accounting year was
- 206 -