As a result of a detailed analysis of the work of the enterprise for 2003-2005. it can be seen that in 2004 the production and financial situation deteriorated noticeably, but the high performance of Yoshkar-Ola Meat Processing Plant CJSC in 2005 smoothed out this negative trend.

Namely: the output of marketable products and the volume of its sales increased, at the same time, the cost price also increased. This is due to the fact that the meat industry is characterized by a high share of costs for raw materials and materials. In 2005, they amounted to 75%, and their share in the cost decreased every year, which indicates that production has become less material-intensive. The growth in output has led to an increase in the number of employees and the payroll fund.

During the reporting period, there was also some improvement in the production potential of the enterprise due to the renewal of fixed assets.

The analysis data show that during the period under review, the financial situation at the enterprise has improved markedly. The growth rates of the balance sheet and net profit increased significantly. Judging by the capital turnover ratios, the company has increased its business activity, which has increased the profitability of the total operating and equity. As a result, the level of dividend return on capital increased, the share price increased, which contributes to the image and investment attractiveness of the enterprise.

Noting positive sides work of the enterprise, at the same time, it should be noted some negative trends that have emerged in the structure of capital. This concerns the increase in the share of borrowed capital in 2004 and, accordingly, the degree of financial risk.

In the structure of the company's assets, the share of working capital, which in itself is not bad, since as a result of this, the turnover of total capital is accelerated. However, this increase was mainly due to an increase in the cost of inventories due to inflation and an increase in receivables.

Considering the indicators characterizing the financial results of activities, it is necessary to note the increase in the share of profit from the main activity, the level of profitability of products.

In 2005, the share of equity increased by 1.22%, while the share of borrowed capital increased by 1.22%, respectively. The percentage of security of current assets with own capital has also increased, which indicates a reduction in the financial dependence of the enterprise on external creditors. For this reason, by the end of the reporting period, the level of liquidity ratios increased.

All of the above allows us to conclude that financial condition the analyzed enterprise is quite stable and stable. Therefore, the shareholders, business partners, creditors and investors of the enterprise can have no doubts about its solvency. The company is able to earn profit, repay loans in a timely manner and pay interest on them. The risk of losing resources in this situation is very small.

At the same time, as the results of the analysis show, the company still has sufficient reserves to significantly improve its financial condition. To do this, he should use his labor, material and financial resources more fully.

In order to work successfully in the future, it is necessary to improve the main economic indicators.

To improve the work of the enterprise, strengthen competitiveness, it is necessary:

• 1. Take measures to improve the financial condition by: replenishing the sources of own funds and increasing own working capital, a reasonable reduction in the level of inventories and costs.
• 2. Reduce costs not related to ensuring the reproduction of working capital and fixed production assets.
• 3. Apply measures to regulate the structure of assets in order to convert non-income-generating current and non-current assets into cash and highly liquid profitable assets. To do this, it is necessary to block the transfer of assets into receivables, i.e. to stop the production of those products that are not in demand.
• 4. Maintain a constant balance between resource needs and opportunities to attract them on terms that ensure financial sustainability.
• 5. Follow the principle of balancing the structure of funding sources, i.e. maintain the structure of liabilities (the ratio of own and borrowed capital), this affects the stability and solvency.
• 6. Eliminate the causes that adversely affected profits, namely: penalties, changes in the volume and structure of products, strengthen control over the safety of material assets, reduce production costs.
• 7. One of the decisive factors for the success of the enterprise is to keep the knowledge of the staff up to date. Neither organizational changes nor modern methods or the control technique by itself will not give the desired effect if the personnel of the apparatus remain at an insufficiently high professional level.
• 8. Introduce resource-saving technologies into production that allow not only to eliminate or minimize losses, but also contribute to the solution environmental issues by reducing pollution of industrial effluents and the air basin. In addition, the use of such technologies increases economic efficiency production.
• 9. Put in the effort and give more high requirements to the quality of goods and services, advertising, packaging, design, environmental friendliness.
• 10. Take into account the peculiarities of the market: the presence of competitors, their prices, terms of sale, sales volume, product quality.
• 11. Develop a marketing service, use programming, computerization and modeling methods for this.
• 12. Correctly set prices for products, on which the profitability of the enterprise, its competitiveness largely depend.

The main ways to strengthen the financial condition of an enterprise are related to the optimization of the Money, with the elimination of their deficit. These paths can be divided into 2 groups: those that do not depend on the activities of enterprises and those that depend on them. This is due to the fact that for normal production activities appropriate economic conditions created by the state.

For perfection financial work businesses need to take the following steps:

• 1. Conduct a systematic and ongoing financial analysis of its activities.
• 2. Wider introduction of commercial credit and bill circulation in order to optimize the sources of funds and impact on the banking system. The company tries to finance its activities mainly from its own funds. Bank loans are used only in extreme cases, if there are no funds for the purchase of raw materials. But in the conditions of market relations, raising borrowed funds is an important way, an essential direction financial policy enterprises to ensure its successful development.
• 3. improvement of settlements with debtors. It is necessary to put strict control over settlements with buyers and customers.
• 4. organization of working capital in accordance with existing requirements in order to optimize the financial condition, reduce the period of their turnover.
• 5. optimization of enterprise costs on the basis of dividing them into variables and constants and analysis of the interaction and relationship "costs - revenue - profit".
• 6. optimization of profit distribution and selection of the most effective dividend policy.
• 7. optimization of the property structure and sources of its formation in order to prevent an unsatisfactory balance sheet structure.

To improve financial position enterprises also need to use the internal reserves of the enterprise. These include:

• - reducing the cost of production due to savings material resources and their rational use
• - improving the quality of products sold
• - finding reliable and profitable markets

All this can lead to an increase in the selling price and profitability of the enterprise.

3. Conclusions and suggestions based on the results of the analysis

3.1 Key findings from the analysis

As a result of the analysis of the satisfactory balance sheet structure of Pulse LLC, significant deviations of the enterprise's indicators from the criteria values ​​established by the Federal Insolvency Administration were identified. However, one cannot fail to note the positive trend that emerged in 2005 and 2006 towards the improvement of these indicators in dynamics. For example, the current liquidity indicator has a low value at the end of the period (the norm of the indicator is 2), and the dynamics absolute indicator activities of the enterprise - its own working capital, its financial stability, indicates a positive trend in the growth of part of own funds invested in current assets.

The value of the ratio of own working capital are quite low and deviate from the level established by the Federal Office for Insolvency (according to the Order federal government on cases of insolvency (bankruptcy) dated August 12, 1994 No. 31-r) by 0.0019, which is approximately 23% of the actual value of the indicator at the end of the analyzed period.

The ratio of borrowed and own funds characterizes the financial stability of the enterprise. It shows that Pulse LLC has more borrowed funds than its own. The permissible level of dependence is determined by the operating conditions of each enterprise and, above all, the rate of turnover of working capital.

The way out of this situation should be the elimination of part of the inventories. Taking into account that, in accordance with the current legislation, the tax on the property of an enterprise is taken from the entire set of fixed and current assets, the LLC Pulse enterprise needs to get rid of hard-to-sell assets. At the enterprise it is recommended to organize an inventory of inventories. Based on the results of this inventory, stale reserves and illiquid assets should be sold, this will allow:

Increase the flexibility of the operating capital of the enterprise and working capital in general.

Improve the financial stability of the enterprise.

Transfer a part of less liquid assets (inventory) to the most liquid ones (money in the current account).

Reduce the property tax paid by the enterprise to the budget.

The analysis of financial stability showed that the financial independence of Pulse LLC worsened somewhat over the period 2004-2006.

The inventory turnover ratio of the enterprise decreased by more than 2 times (in 2004 it was 14.232, in 2005 - 8.077, in 2006 - 6.075).

The decrease in the turnover ratio showed that there was a slight drop in the financial stability of the LLC "Pulse" enterprise, since there was an increase in funds related to the least liquid balance sheet item (Inventories) due to a corresponding decrease in more liquid assets.

The given data and conclusions testify to the low efficiency of the activity of Pulse LLC, i.e. about the loss.

3.2 Suggestions for improving the main economic indicators

The main areas of improvement financial activities LLC "Pulse" after the analysis are the following areas:

1. Reorientation of the enterprise to trade in fundamentally new or improved types of products.

2. Elimination of the shortage of funds by refusing to trade in those types of products that have not recently been in demand and settled in the warehouse.

3. Reducing excess stocks.

4. Sale of part of permanent assets (fixed assets).

5. Obtaining long-term financing.

6. Improving work on the collection of receivables.

7. Control over the status of settlements with buyers on overdue debts.

8. Target as many buyers as possible to reduce the risk of non-payment by one or more large buyers.

9. Control over the ratio of receivables to accounts payable: a significant excess of accounts receivable and accounts payable poses a threat to the financial stability of the enterprise and makes it necessary to attract expensive bank loans.

10. Using the method of providing discounts for long-term payment.

11. Reviewing prices for goods and, if possible, conducting marketing research in order to identify the level of effective demand.

An event that increases the efficiency of the enterprise, improves its financial condition, can be the sale of fixed assets of the warehouse, most of the area of ​​​​which has been empty for two years already.

The way out of the current situation of an inefficient balance sheet structure of an enterprise may be to find reserves to reduce costs, which will accordingly reduce the prices of goods without loss for the enterprise (with the same profitability of these goods).

For example, it is possible to reduce the fixed costs of Pulse LLC by reducing the bloated management apparatus.

In addition, another measure to improve performance could be a reorientation commercial enterprise LLC "Pulse" for fundamentally new or improved types of goods, which makes rather high demands on the marketing service of the enterprise. The marketing service of Pulse LLC can carry out marketing research, to more accurately identify the needs of the market, determine its capacity, as well as research, on the basis of which an enterprise can develop new market segments with goods already existing in its range.

In the near future, the most effective ways for the enterprise to stabilize the liquidity of the enterprise are the reduction of excess stocks, work to determine the rational volume of goods in the warehouse. At the same time, it is necessary to carry out work to find reliable suppliers, which will allow the enterprise to refuse to purchase materials and raw materials for the future and free up part of the working capital associated with excess stocks.

Lease of unused space and sale of a part of fixed assets underutilized in economic activity enterprises, will reduce the permanent assets of the enterprise and increase the share of the most liquid part of the assets, which will positively affect the solvency of the enterprise.

In order to prevent the current unprofitability of Pulse LLC, it is proposed to develop a system of economic incentives for personnel.

Enterprises. Next, an analysis of the management of the financial activities of Rolling Plant LLC will be presented. 2. Analysis of the management of financial activities of Rolling Plant LLC 2.1 a brief description of activities of the enterprise Society with limited liability"Rolling Plant" operates in accordance with applicable law on the basis of the Charter, federal law"About...

Work performed and hours worked - by 10.0% (in monetary terms these payments increased by 23.7 million rubles). 3. MAIN DIRECTIONS OF IMPROVING THE FINANCIAL AND ECONOMIC ACTIVITY OF THE ENTERPRISE "Multimediacenter" LLC 3.1 Tax burden: problems, solutions Director of the Institute of Economics of the National Academy of Sciences Petr Nikitenko believes that improving the national ...

Russian

English

Arabic German English Spanish French Hebrew Italian Japanese Dutch Polish Portuguese Romanian Russian Turkish

Based on your request, these examples may contain coarse language.

Based on your request, these examples may contain colloquial vocabulary.

Translation of "analysis results" in Chinese

Other translations

By recommendations have been developed for compiling job descriptions for executives.

The analysis resulted in recommendations which will be incorporated into post description mapping for office-holder posts.

The analysis resulted in recommendations which will be incorporated into post description mapping for office-holder posts.">

However, judging by the results of the analysis, the main problem with the late release is the delays in the preparation of documents in the operations departments.

Based on the analysis carried out, however, the major problem with timelines is delay at the level of substantive divisions in finalizing documents.

The analysis carried out, however, the major problem with timelines is delay at the level of substantive divisions in finalizing documents.">

By the results of the analysis The mission proposes that the Section's teams be reorganized and their names changed to reflect the actual operational structure.

The Mission proposes the reconfiguration and renaming of existing units within the Section to reflect the actual operational structure as a result of the review .

A result of the review.">

For each subparagraph of article 20 bis, the secretariat presented the main provisions of the draft text of the fourth session, which, according to the results of the analysis best reflect its content.

For each subparagraph of article 20 bis, the secretariat has listed the main provisions of the fourth session draft text that, according to its analysis, reflect best its content.

According to its analysis, reflect the best of its content.">

According to the results of the analysis local public organization"Center for Human Rights" The program was not fully implemented due to the lack of sufficient functional, technical, financial and human resources.

The Center for Human Rights, a local voluntary association, found that the The Program had not been fully implemented because of a shortage of functional and technical resources, funding and staff.

Found that the Program had not been fully implemented because of a shortage of functional and technical resources, funding and staff.">

By the results of the analysis ways were also suggested to improve the format of the service offered and the news delivery mechanism, and the interest of users in expanding the range of products that could be offered on an alternative basis was also identified.

It has also suggested ways of improving the service"s format and delivery mechanism, and demonstrated users" interest in expanding the range of products that could be made available as an option.

It has also suggested ways of improving the service"s format and delivery mechanism, and demonstrated users" interest in expanding the range of products that could be made available as an option.">

The CSI considered three options, each of which would maintain the integrity of the Kyoto Protocol unit accounting system, after which the results of the analysis cost-effectiveness, an option was chosen, on the basis of which a new harmonized procedure for recovering arbitrarily canceled data was developed.

The CAB considered three options, each maintaining the integrity of accounting of Kyoto Protocol units and, following a cost-benefit analysis, the option chosen served as a foundation for the establishment of a new agreed procedure to reverse voluntary cancellations.

A cost-benefit analysis, the option chosen served as a foundation for the establishment of a new agreed procedure to reverse voluntary cancellations.">

The Technical Committee is currently evaluating regional experience in developing such standards and the results of the analysis will ensure the adoption, harmonization, documentation and publication of these norms for Panama.

The Technical Committee is currently evaluating regional experiences of standards and how, on the basis of the analysis, Panamanian standards should be adopted, approved, documented and published.

The basis of the analysis, Panamanian standards should be adopted, approved, documented and published.">

By the results of the analysis it was found that Secretariat staff are in a less favorable position when we are talking about mobility, which is primarily due to four factors: family constraints; informal contacts and connections; the need to have a sponsor; and initiative in career planning.

The analysis revealed that women staff in the Secretariat are likely to be at a disadvantage with respect to mobility, owing to four key issues: family constraints; informal networking; the need to have a sponsor; and proactive career planning.

The analysis revealed that women staff in the Secretariat are likely to be at a disadvantage with respect to mobility, owing to four key issues: family constraints; informal networking; the need to have a sponsor; and proactive career planning.">

By the results of the analysis it was determined that one of the four solar panels of the Spektr module and the external radiator of the thermal control system were damaged in the collision with the cargo ship.

It was determined from the results of the analysis performed that in the collision with the transport craft one of the four solar arrays of the Spektr module and the external radiator of the heat regulation system had been damaged.

From the results of the analysis performed that in the collision with the transport craft one of the four solar arrays of the Spektr module and the external radiator of the heat regulation system had been damaged.">

Profit indicators are the most important for assessing the production and financial activities of the enterprise. They characterize the degree business activity and financial well-being.

Also, an important indicator of the financial result of the company's activities are the indicators of profitability of its activities. Profitability indicators more fully than profit characterize the final results of management, since their value shows the ratio of the effect to cash or used resources. Thus, in this paper, an analysis of profit and profitability will be carried out using the example of a particular organization.

The object of study in this work is OJSC "Serpukhov Plant" Metallist ".

Throughout its history, the Metalist plant has been an instrument-making enterprise specializing in the production of gyromotors, gyroblocks, various precise electromechanical sensors and devices.

At present, the main activities of the plant are the production of parts of instruments and instruments for navigation, control, measurement, control, testing and other purposes, etc.

The authorized capital of OAO Serpukhov Plant Metallist at the beginning of 2014 was 146 thousand rubles. As a result of an additional issue of shares in the amount of 33 thousand rubles. authorized capital at the end of 2014 is 179 thousand rubles.

The first step in the analysis financial results is the analysis of profit dynamics. An analysis of the dynamics of profit allows you to evaluate the growth (or decline) of profit indicators, such as gross profit, profit from sales, profit before tax and net profit for the analyzed period, as well as note positive and negative changes in the dynamics of financial results.

To analyze the dynamics of financial results, we will use the data of the Statement of Financial Results of OAO Serpukhov Plant Metallist for 2014 (Appendix 2) and conduct a horizontal analysis.

As a result of the analysis, the following data were obtained, presented in Table 1.

Table 1

Analysis of the dynamics of financial results

Indicator	Reporting period, thousand rubles	Previous period, thousand rubles	Deviations, thousand rubles	Deviations, %
Sales revenue
Cost of sales
Gross profit
Selling expenses
Management expenses
Sales profit
Income from participation in other organizations
Interest receivable
Percentage to be paid
Other income
other expenses
Profit before tax
Current income tax
Deferred tax liabilities
Deferred tax assets
Net profit

For clarity, we will build a histogram that reflects the main indicators of profit

Rice. 1. Dynamics of the main profit indicators for 2013-2014

Based on the results of the analysis, it can be concluded that the main indicators of financial results in reporting period have increased significantly. Thus, gross profit increased by 28563 thousand rubles. or by 36.74%. This was facilitated by an increase in revenue by 644,810 thousand rubles. or by 109.51%. Increase in cost by 616,247 thousand rubles. or 120.59% had a negative impact on the gross profit.

Profit from sales increased compared to the previous period by 28,673 thousand rubles. or 37.97%. This increase was also supported by an increase in revenue and a decrease in selling expenses. Commercial expenses decreased by 110 thousand rubles. or 4.93%. Cost growth had a negative impact on sales profit.

Profit before tax increased by 35,228 thousand rubles compared to the previous year. or by 59.08%. This increase was due to an increase in profit from sales, income from participation in other organizations, interest receivable and other income, as well as a decrease in interest payable.

Net profit increased by 27,188 thousand rubles compared to the previous year. or by 56.16%. This increase is due to an increase in profit before tax. Such an indicator as the current income tax negatively affected the net profit.

The main part of the profit is profit from sales. Therefore, we will further analyze the profit from sales, and also evaluate the structure of sales revenue, since it includes both cost and profit, and after that we will conduct a factor analysis of profit from sales to determine the influence of the main factors on profit from sales.

Analysis of profit from sales is presented in table 2.

table 2

Sales Profit Analysis

Indicator	Reporting period		Previous period		Deviations
Sales revenue
Cost of sales
Gross profit from sales
Selling expenses
Management expenses
Sales profit

According to the table, there is an increase in profit from sales, which has already been noted earlier. This resulted in an increase in revenue by 644,810 thousand rubles. or by 109.51% and a decrease in commercial expenses by 110 thousand rubles. or 4.93%. The cost price has a negative impact on profit from sales due to a significant increase in the reporting year. Also, when evaluating the structure of revenue, it is clear that the main share in the volume of revenue belongs to the cost and amounts to 91.38%. As for the share of profit from sales in the volume of revenue, then given value is 8.45% in the reporting year and is an indicator of profitability, because. profitability of sales is determined by the ratio of profit from sales to sales revenue. Thus, the profitability of sales in the reporting year amounted to 8.45%. The return on sales indicator and the factors affecting it will be discussed in detail below.

The main factors affecting the profit from sales are the volume of product sales, its structure, cost and price.

PR \u003d VR - C \u003d K ˟ C - C ˟ K,

where PR - the amount of profit from the sale; BP - proceeds from the sale; K - quantity products sold; C - selling price of a unit of production; C is the unit cost of production.

To conduct a factor analysis, we will use inflation data, which for the reporting year amounted to 11.4%, to determine the price index necessary to calculate indicators in comparable prices. Thus, the price index Ip = 1.114.

Table 3 below presents the data necessary for further calculation of the influence of factors on the change in the amount of profit from the sale of products.

Table 3

Profit analysis by factors

Table 4 shows the calculation of the influence of factors on the change in the amount of profit from the sale of products by the method of chain substitutions, where 0 indicates the data of the beginning of the period, and 1 - the data of the end of the period. The factors in the table are indicated by the following symbols:

V - sales volume;

Wp - product structure;

C - cost.

Table 4

The influence of factors on the change in the amount of profit from the sale of products by the method of chain substitutions

Indicators						Amount of profit, thousand rubles	Delta, thousand rubles
At the beginning of the period					VR 0 - s/s 0 = =588799 - 513280
Conditional 1					Pr 0 ˟ Kr = 75519 ˟ 1.881
Conditional 2					VR conv - s/s conv = 1107368,9-1013839,3
Conditional 3					BP 1 - s / s conv = 1233609 - 1013839,3
At the end of the period					VR 1 - s/s 1 = 1233609 - 1129417
Sum of deltas

Thus, the change in the amount of profit:

• · due to the volume of sales of products amounted to 66511.46 thousand rubles;
• · at the expense of the structure amounted to -48500.84 thousand rubles;
• · due to price increase amounted to 126240.06 thousand rubles;
• · at the expense of the cost of goods sold amounted to -115577.68 thousand rubles.

The total change in profit, which is the summation of these changes, is 28673 thousand rubles.

According to the results of the factor analysis of sales profit, it can be concluded that the change in the structure of products and the increase in cost had a negative impact on sales profit, while the increase in sales volume and price increase had a positive impact on sales profit.

To analyze the profitability, we will use the balance sheet of OJSC Serpukhov Plant Metalist (Appendix 1) and the Statement of Financial Results of OJSC Serpukhov Plant Metallist (Appendix 2) and calculate the main profitability indicators:

• profitability of sales;
• profitability of production costs;
• return on equity.

Using the formula of profitability of sales, we calculate the profitability of sales of the enterprise and conduct an analysis. The analysis is presented in table 5.

Table 5

Analysis and evaluation of profitability of sales

Indicator	Reporting period	Previous period	Absolute deviations, +/-	Relative deviations, %
Sales revenue, thousand rubles
Profit from sales, thousand rubles
Return on sales, %

The table shows that in the reporting year, the profitability decreased by 4.38% compared to the previous year and amounted to 8.45%. The decrease in profitability of sales occurred as a result of a significant increase in production costs, the growth rate of which is 220.59% and exceeds the growth rate of revenue, which is 209.51%.

We will dwell on the analysis of sales profitability in more detail and conduct a factor analysis in order to determine the influence of factors on the change in sales profitability.

The factor model looks like this:

where PR - profit from sales; BP - sales revenue; C - cost; CR - commercial expenses; SD - administrative expenses.

1. The impact of changes in sales revenue on profitability is 45.56%.

2. The impact of changes in cost on the profitability of sales is -49.95%.

3. The impact of changes in selling expenses on the profitability of sales is 0.01%.

4. The impact of changes in management costs on the profitability of sales is 0%.

∆Sales profitability = 45.56 + (-49.95) + 0.01 + 0 = - 4.38%.

Thus, an increase in sales revenue led to an increase in sales profitability by 45.56%, an increase in production costs led to a decrease in profitability by 49.95%, a decrease in selling expenses led to a slight increase in profitability by 0.01%, and administrative expenses had no effect on profitability was not provided, because this indicator, both in the reporting and in the previous periods is 0.

According to the results of the factor analysis, we can conclude that the main factor that had a negative impact and led to a decrease in the profitability of sales in the reporting period is the cost.

The next main indicator of profitability is the profitability of production costs. Using the ROI Formula we calculate this indicator and analyze the profitability of production costs. The analysis is presented in table 6.

Table 6

Analysis and evaluation of profitability of production costs

Indicator	Reporting period	Previous period	Absolute deviations, +/-	Relative deviations, %
Revenue, thousand rubles
Cost of sales, thousand rubles
Commercial expenses, thousand rubles
Administrative expenses, thousand rubles
full cost,
Profit from sales, thousand rubles
Profitability of production costs, %

According to the table, it can be seen that the profitability of production costs in the reporting year decreased by 5.49% compared to the previous year and amounted to 9.23%. The decrease in profitability occurred as a result of a significant increase in the total cost of production by 120.04%. At the same time, the growth rate of total cost exceeds the growth rate of revenue.

Due to the fact that the profitability of production costs, as well as the profitability of sales, has suffered a significant decrease, it is necessary to conduct a factor analysis and determine the influence of factors on the profitability of production costs.

The factor model looks like this:

Let's use the data in Table 6 and determine the impact of each factor on the profitability of production costs using the chain substitution method:

1. The impact of changes in sales revenue on the profitability of production costs is 125.63%.

2. The impact of cost changes on the profitability of production costs is -131.13%.

3. The impact of changes in selling expenses on the profitability of production costs is 0.01%.

4. The impact of changes in management costs on the profitability of production costs is 0%.

The cumulative influence of factors was:

∆Production Cost Profit = 125.63 + (-131.13) + 0.01 + 0 = 5.49.

According to the results of the factorial analysis of the profitability of production costs, we can conclude that the increase in revenue contributed to an increase in profitability by 125.63%, the increase in cost led to a decrease in the profitability of production costs by 131.13%, the reduction in selling expenses increased profitability by 0, 01, management costs also did not have any impact, since this indicator is equal to 0 both in the reporting and in the previous periods. Thus, the main factor that had a negative impact on the profitability of production costs and reduced this indicator is the cost.

The next main indicator of profitability is the return on equity. Let's calculate this indicator using the return on equity formula and analyze it. The analysis is presented in table 7.

Table 7

Analysis and evaluation of return on equity

Indicator	Reporting period	Previous period	Absolute deviations, +/-	Relative deviations, %
The average value of equity capital, thousand rubles.
Net profit, thousand rubles
Return on equity, %

According to the results of the analysis of return on equity, we can say that the profitability in the reporting year increased by 2.51% compared to the previous year and amounted to 17.54%. The increase in profitability in the reporting year occurred as a result of an increase in net profit by 27,188 thousand rubles. or by 56.16%, which exceeds the growth rate of the average equity value, which is 133.81%.

After the analysis of all the main indicators of profitability, for clarity, we will build a histogram (Fig. 2), reflecting the dynamics of these indicators.

Rice. 2. Dynamics of the main indicators of profitability for 2013-2014

Thus, the graph shows that in the reporting period only the return on equity increased, while the other main indicators of profitability decreased compared to the previous year.

According to the results of the analysis, it was revealed that a significant increase in cost had a negative impact on many indicators. Thus, when evaluating the revenue structure, it was determined that the main share in the revenue volume belongs to the cost price and amounts to 91.38%. In the course of factor analysis of profit from sales, it was found that the increase in cost reduced the profit from sales by 115,577.68 thousand rubles. As a result of the factorial analysis of sales profitability, it was revealed that the increase in cost led to a decrease in profitability by 49.95%. According to the results of the factorial analysis of the profitability of production costs, it was found that the increase in cost led to a decrease in the profitability of production costs by 131.13%.

As can be seen, these are significant figures, which resulted in an increase in cost and thereby contributed to a decrease in the financial results of the organization. In this regard, it is necessary to analyze the cost price by cost elements in order to determine which element the enterprise should pay special attention to. Cost analysis by cost elements is presented in table 8.

Table 8

Cost analysis by cost elements

Indicator	Reporting period		Previous period		Deviations
Material costs
Labor costs
Deductions for social needs
Depreciation
Other costs
Total by elements

For clarity, we will construct diagrams that reflect the cost structure by cost elements in the reporting (Fig. 4) and previous (Fig. 3) periods.

Rice. 3. Cost structure by cost elements in 2013

Rice. 4. Cost structure by cost elements in 2014

Comparing the two diagrams, you can see how much the cost structure has changed over the year. If in 2013 the main element of expenses was labor costs, then in 2014 the largest expenses fall on material costs, whose share is 65.78% of the total cost. Compared to the previous period, material costs increased by 662,825 thousand rubles. or by 841.75% and amounted to 741,569 thousand rubles in the reporting year.

Thus, the main share of expenses falls on material costs, therefore, it is this element that needs to be given special attention when identifying reserves to reduce costs.

In addition, for further growth in financial results, it is necessary to increase the volume of sales, then if the company finds reserves to reduce costs, then with an increase in sales, profits will only increase, which will positively affect the entire financial condition of the organization.

Thus, to improve financial performance, the following recommendations can be proposed:

1) Determination of profit growth reserves due to possible growth sales volume. To ensure a stable increase in profits, it is necessary to constantly look for reserves to increase it. Profit growth reserves are quantitatively measurable opportunities for its additional receipt. When calculating the reserves for profit growth due to a possible increase in sales volume, the results of the analysis of output and sales of products are used.

2) Reducing the cost of production.

The cost can be reduced, based on the cost analysis by cost elements (table 8), by reducing material costs.

Thus, in this work, an analysis of the financial results of the activities of OAO Serpukhov Plant Metallist was carried out and the main ways to increase the indicators of financial results at the enterprise were proposed.

Supervisor:
Ksenofontova Oksana Viktorovna, Candidate of Economic Sciences, Associate Professor of the Department of Economics, Management and Trade, Tula Branch of the PRUE. G. AT. Plekhanov, G. Tula, Russia

Based on the study, the following conclusions and recommendations can be drawn.

In conditions market economy In order to improve its financial condition, an enterprise must effectively use both its own and borrowed assets. And, also use your profits correctly. The main goal of profit management is to ensure the maximization of the welfare of the owners of the enterprise in the current and prospective period. This the main objective It is designed to ensure at the same time the harmonization of the interests of the owners with the interests of the state and the personnel of the enterprise.

The process of profit management involves an analysis, which is characterized by a variety of its forms. In modern scientific literature, there are many methods of profit analysis, but factor analysis has the greatest practical significance, which we examined in this paper using the example construction company LLC "StroyKom" Based on the analysis of the financial results of the construction company StroyKom LLC, the following conclusions can be drawn:

1) The enterprise had an increase in profit from sales of products by 6237 thousand rubles. The increase was facilitated by the factor of reducing the cost of production. This resulted in an increase in the operating profitability of sales, and by the end of 2012, for 1 ruble of sold products, the enterprise had 5.1% of the profit from sales. This indicates that the company's products are in demand in the market.

2) There are negative aspects in the work of the enterprise, which led to a decrease in the company's net profit. Most of all, this was due to an increase in expenditure items. The company had an expense item "Interest payable", which reduced profits. The article that appeared means that the company paid off the loans for 2011 and paid, therefore, interest on the loan

The return on capital of the enterprise is at a low level, which indicates an insufficient effective investment of funds. Overall profitability sales also declined, driven by a decline in revenue and an increase in costs. As a result, the company receives from each ruble of sold products 0.41% of the balance sheet profit.

The analysis revealed reserves for profit growth due to several factors:

By increasing the volume of sales of products;

By reducing the cost of production.

To increase the profit of this enterprise is the implementation of the project for the development of the territory within the boundaries of Tagilskaya - Armavirskaya - Podgornaya - Konotopskaya - Pilots streets in the city of Moscow, which was developed financial management construction company "Domdevyat". This project is up to 2018. The implementation of the project will make it possible to receive a profit as a result of the sale of real estate in the amount of 4 billion rubles.

Thus, at present, the main task of the enterprise is not so much to increase the volume of production, improve its quality, but also to maximize profits for further improvement of the technical, technological and organizational level of production.

Materials and conclusions on the work can be used in the analysis of profits of enterprises, determining the most significant factors affecting profits, comparing these factors with each other to make the most effective decision in tactical and strategic terms.