Trusova Natalia, Doctor of Economic Sciences, Professor, Professor of the Department of Finance, Accounting and Taxation, Dmytro Motornyi Tavria State Agrotechnological University, Zaporizhzhia, Ukraine

ORCID ID: 0000-0001-9773-4534
e-mail: trusova_natalya5@ukr.net

Tulush Leonid, PhD in Economics, Senior Researcher, Associate Professor, Head of the Department of Financial, Credit and Tax Policy, National Scientific Centre «Institute of Agrarian Economics», Kyiv, Ukraine

ORCID ID: 0000-0002-3922-5245
e-mail: tulush@ukr.net

Daragan Andrii, Postgraduate Student (PhD) of the Department of Financial, Credit and Tax Policy, National Scientific Centre «Institute of Agrarian Economics», Kyiv, Ukraine

ORCID ID: 0009-0004-9294-0418
e-mail: alfa111@ukr.net

Methodological Aspects of Leasing Financing of Agricultural Business Entities

Abstract. Introduction. The article considers methodological aspects of leasing financing of agricultural business entities. The nature of leasing financing is substantiated and the methodology of evaluation of leasing transactions in the symbiosis of bank leasing and leasing credit is improved in order to meet the needs of agricultural business entities in the market of credit investment services. It is proved that financial leasing as a type of investment activity is aimed at finding and attracting free financial resources to long-term assets with their subsequent transfer for use on a fee basis. This characteristic of financial leasing is connected with its flexibility, adaptability to systemic changes in the leasing business, which is interconnected by the credit mechanism of banking institutions and the involvement of leasing companies in this process, as well as the acquisition of special property relations in the choice of the object of leasing financing and its conditions.

Results. The general principles of the assessment of the efficiency of the financial leasing operations of agricultural enterprises are determined. From the point of view of assessing the effectiveness of leasing operations and their implementation, various methods are presented, which in a synergistic combination allow using the classification method as a dichotomous representation of various methods of financial leasing assessment, allocated according to one criterion. The classification is based on a single criterion and is characterized by a sufficient degree of aggregation; however, it allows to eliminate the unordered set of known methods. The effectiveness of a leasing operation for the lessee is calculated by comparing the total amount paid under the leasing agreement with the price of the asset provided on credit, taking into account tax and other benefits provided to the lessee. The main significant indicators of the effectiveness of leasing operations of banking institutions and their adaptability to the financing of fixed capital of agricultural business entities are improved. 

Conclusions. The efficiency of leasing operations aimed at financing the fixed assets of agricultural enterprises is a complex concept, therefore, in order to argue the economic feasibility of certain measures, various methods of assessing the efficiency of leasing projects are used. The main components of leasing financing methods are: the number of initial parameters, the calculation base, the time factor, the risk, the availability of tax benefits, the lessee’s depreciation policy, and the degree of complexity.

Keywords: leasing financing; financial leasing; leasing agreement; banking institutions; leasing companies; agribusiness entities.

References:

1. Andros, S. V. (2024). Financial mechanism of functioning of enterprises of the agro-industrial complex and ensuring the availability of credit resources. Economics: realities of the time, 2(72), 13-23. 
2. Baeva, O. I. (2017). Mechanism of leasing organization. Economics: problems of theory and practice, 199(3), 659-671. 
3. Bestuzheva, S. V., Kozub, V. O., & Dobryn, S. V. (2023). Methodological aspects of organizing leasing operations in the foreign economic activity of the enterprise. Black Sea Economic Studies, 80, 7-16. 
4. Vasylchak, S. V., & Zhydyak, O. R. (2016). Credit instruments of leasing development and risks in agricultural enterprises. Socio-economic problems of the modern period of Ukraine, 6, 119-121.
5. Vasylchak, S. V., Zhydyak, O. R., & Hryniv, Yu. O. (2017). Leasing as a way to increase the investment attractiveness of agricultural enterprises in the context of economic security. Scientific Bulletin of the Lviv State University of Internal Affairs. Series “Economic”, 1, 29-36.
6. Vitlynskyi, O., & Pernarivskyi, M. (1997). Credit risk and its consideration when calculating the interest rate. Banking, 5, 63-65.
7. Grabelska, O. V. (2016). Leasing: classification and effectiveness of application. Management and entrepreneurship in Ukraine: stages of formation and development problems, 704, 89-94.
8. Goncharova, N. V. (2016). Leasing as a form of effective support for small businesses. Current economic problems, 2, 7-12.
9. Grinchuk, Y. S. (2019). The economic nature and essence of leasing in the agricultural sector of the economy of Ukraine. Agroinkom, 7, 35-40.
10. Hrytsino, O. M. (2011). Taxation of leasing and rental operations in Ukraine. Investments: practice and experience, 12, 35-38.
11. Hryshchenko, I. M. (2016). Research on the formation of leasing mediation. Current problems of the economy, 8(62), 65-69. 
12. Verkhovna Rada of Ukraine. (2021). About financial leasing. №1201-IX-ВР. https://zakon.rada.gov.ua/laws/show/1201-20#Text.
13. Karintseva, O. I., Kharchenko, M. O., & Kalchenko, S. O. (2016). The effectiveness of leasing in modern conditions. Mechanism of Economic Regulation, 3, 97-106.
14. Karnaushenko, A. S., & Petrenko, V. S. (2013). Ways of development of leasing and leasing in agricultural enterprises of Ukraine. Bulletin of Odessa National University. Series: Economics, 4(2), 31-34. 
15. Kulinyak, I.Ya. (2019). Trends and prospects for the development of the financial leasing market in Ukraine. Bulletin of socio-economic research, 1(69), 48-57.
16. Lemishko, O. O. (2019). Leasing mechanisms for capital reproduction in the agricultural sector of the economy of Ukraine. Black Sea Economic Studies, 40, 192-197. 
17. Lucsiv, B. L. (2012). Modern aspects of leasing activities of banking institutions in Ukraine. Bulletin of the UBS NBU, 1(13), 189-192.
18. Matskiv, V. V. (2015). Components of financial support for the development of the agricultural sector. Sustainable development of the economy, 3(28), 276-281.
19. Mishchenko, V. I., Lubyanitsky, O. G., & Slavyanska, N. G. (2016). Fundamentals of leasing. Znannya, KOO.
20. Verkhovna Rada of Ukraine. (2010). Tax Code of Ukraine. №2755-VI. https://zakon.rada.gov.ua/laws/show/2755-17#Text.
21. Sabluk, R. P., & Kravchuk, O. V. (2011). Financial leasing: status and development prospects. Problems of economy, 4, 121-123. 
22. Trusova, N. V. (2015). Leasing services as a tool for financial and credit support of agriculture. Agrosvit, 14, 7-12.
23. Shevchenko, O. G., & Lyakhova, O. O. (2000). Leasing – an alternative to bank lending. Banking, 4(34), 31-34.
24. Shymkiv, S. A., & Pechko, V. S. (2017). Modern dimension and significance of leasing services in the agro-industrial complex of Ukraine. Financial services, 3, 22-26.
25. Yatsenko, M. S., & Maksymenko, Y. S. (2018). Alternative forms of financing of foreign economic activity of the enterprise. Global and national problems of the economy, 22, 886-893. 
26. Zell, A. (1996). Investments and financing, planning and evaluation of projects. Bremen.