{"id":15088,"date":"2021-05-20T14:00:42","date_gmt":"2021-05-20T11:00:42","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=15088"},"modified":"2021-05-24T12:04:57","modified_gmt":"2021-05-24T09:04:57","slug":"financial-state-of-utilities-and","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/financial-state-of-utilities-and\/","title":{"rendered":"Glukhova V., Kravchenko K. Financial State of Utilities and Ways to Improve It"},"content":{"rendered":"

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JEL Classification<\/strong>: E63; H79; L97<\/i>
\n<\/span><\/td>\n		DOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V26(2021)-05<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Glukhova Valentyna<\/b>, PhD (Economics), Associate Professor, Head of the Department of Accounting and Finance, Kremenchuk Mykhailo Ostrogradskyi National University, Kremenchuk, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0003-3120-9651<\/a>
\ne-mail:<\/strong> glukhova710@gmail.com<\/a><\/p>\n

Kravchenko Kristina<\/b>, Applicant of Higher Education, Faculty of Economics and Management, Kremenchuk Mykhailo Ostrogradskyi National University, Kremenchuk, Ukraine<\/span><\/p>\n

ORCID ID:<\/strong> 0000-0002-1287-9249<\/a>
\ne-mail:<\/strong> gofly375@gmail.com<\/a><\/p>\n

 <\/p>\n

Financial State of Utilities and Ways to Improve It<\/b><\/h2>\n

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Annotation. Introduction<\/b>. One of the key tasks of the formation of a socially oriented economy is to ensure a high level and quality of life of the population, which implies the satisfaction of the most necessary needs of citizens in comfortable housing, energy, sanitary and technical, transport services, etc. Satisfaction of the above needs is possible only under the condition of the efficient and uninterrupted functioning of utilities, since the main task of the utilities is to provide the population with heat, water, gas, electricity and other services on which the comfort of housing, the state of human health, the constant mode of operation of enterprises, improvement districts, ecological state of settlements. The efficient operation of enterprises of communal ownership largely depends on their financial condition. Therefore, the study of the development and financial support of public utilities, the effectiveness of their activities is relevant, especially in the context of decentralization. Now, the problems of public utilities require much attention, among which their financial condition is significant.\u00a0<\/span><\/p>\n

Purpose<\/b>. The purpose of the work is to analyze and study the financial condition of utilities and develop proposals for its improvement.<\/span><\/p>\n

Results.<\/b> The article considers, analyzes and compares such indicators of the financial condition of utility companies in some cities of Ukraine as: financial results, depreciation of fixed assets, return on assets, absolute liquidity ratio. Factors influencing the financial results of utilities have been identified. The main ways to improve the financial condition of utilities have been identified.<\/span><\/p>\n

Conclusions.<\/b> According to the results of the analysis of their financial condition, the prevailing loss, high level of depreciation of fixed assets and low capital productivity of most enterprises in this industry have been determined. The reasons for this situation are the lack of effective directions of financial policy in this area, the imperfection of the regulatory framework and miscalculations in the management of financial resources. The current state of this industry gives grounds to talk about the need to improve the effectiveness of its state regulation in order to solve the basic problems of its socio-economic development.\u00a0<\/span><\/p>\n

Keywords<\/b>: utility company, housing and communal services, financial state, utilities, financial result.<\/span><\/p>\n

References:<\/strong><\/p>\n

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  1. Zhulyn, O. V. & Zelenyuk-Dzhun\u2019, L. V. (2020). Management of financial resources of utilities and prospects for their development. <\/span>Biznes-inform<\/span><\/i>, 7. Retrieved from : http:\/\/www.business-inform.net\/export_pdf\/business-inform-2020-7_0-pages-174_180.pdf [in Ukrainian].<\/span><\/li>\n
  2. Kyrylenko, O. P. (2015). Financial support of water supply and sewerage enterprises in terms of budget decentralization. <\/span>Finansy Ukrayiny, <\/span><\/i>3, 88-101 [in Ukrainian].\u00a0<\/span><\/li>\n
  3. Kylymnyk, I. I. (2015). Practical problems in the field of housing and communal services and ways to solve them. <\/span>Open Journal System,<\/span><\/i> 1, 48-50 [in Ukrainian].\u00a0<\/span><\/li>\n
  4. Kindzyur, O. S. (2017). Regulation of investment development of housing and communal services of Ukraine. Dys\u2026 kandydata ekonomichnykh nauk : 08.00.03. L\u02b9viv, 20 [in Ukrainian].<\/span><\/li>\n
  5. Pohoryelov, V. S. (2019). Formation of budgets of territorial communities in the conditions of fiscal decentralization. Avtoreferat dys… kandydata ekonomichnykh nauk za spetsial\u02b9nistyu 08.00.08 \u2013 hroshi, finansy, kredyt. DVNZ \u00abKyyivs\u02b9kyy natsional\u02b9nyy ekonomichnyy universytet im. Vadyma Het\u02b9mana\u00bb, Kyyiv, 22\u00a0 [in Ukrainian].\u00a0\u00a0<\/span><\/li>\n
  6. Topchiy, O. O. (2020). Modernization of the sphere of housing and communal services of urban agglomerations in the conditions of decentralization. Dys. na zdobuttya naukovoho stupenya doktora ekonomichnykh nauk za spetsial\u02b9nistyu 08.00.05. Odes\u02b9ka natsional\u02b9na akademiya kharchovykh tekhnolohiy MON Ukrayiny? Odesa, 20 [in Ukrainian].\u00a0<\/span><\/li>\n
  7. Phelps, N. & Ozawa, \u0422. (2003) Contrasts in agglomeration : proto-industrial, industrial and post-industrial forms compared. Progress in Human Geography, 27 (5), 583\u2013604 [in England].<\/span><\/li>\n
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  9. How does utility financing distort competition? (2020) Tsentr ekonomichnoyi stratehiyi. Retrieved from : https:\/\/ces.org.ua\/how-does-utility-financing-impairs-competition\u00a0 [in Ukrainian].\u00a0<\/span><\/li>\n
  10. Open Budget Portal. Modul\u02b9 \u00abKomunal\u02b9ni pidpryyemstva\u00bb. Retrieved from : <\/span>https:\/\/www.openbudget.in.ua\/public\/towns\/<\/span> 559cec486b617307ad000000?locale=uk.\u00a0 [in Ukrainian].\u00a0<\/span><\/li>\n
  11. The main statistical socio-economic indicators of life in the city of Kremenchuk. Retrieved from : https:\/\/misto.kremen.gov.ua\/index.php?view=datasets&division=stats [in Ukrainian]. <\/span><\/li>\n
  12. Zagirniak, D., Glukhova, V. & Kravchenko, K. (2021). Activities of communal enterprises and their financial support in conditions of decentralization. Efektyvna ekonomika,<\/i> 1. Retrieved from: http:\/\/www.economy.nayka.com.ua\/?op=1&z=8528 [in Ukrainian].<\/li>\n<\/ol>\n

    [\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]Received: 26 March 2021<\/span><\/strong><\/p>\n

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    Glukhova V., Kravchenko K. (2021). Financial State of Utilities and Ways to Improve It. Modern Economics<\/em>, 26(2021), 30-36. DOI: https:\/\/doi.org\/10.31521\/modecon.V26(2021)-05.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: E63; H79; L97 DOI: https:\/\/doi.org\/10.31521\/modecon.V26(2021)-05 [\/vc_column_text][vc_column_text] Glukhova Valentyna, PhD (Economics), Associate Professor, Head of the Department of Accounting and Finance, Kremenchuk Mykhailo Ostrogradskyi National University, Kremenchuk, Ukraine ORCID ID: 0000-0003-3120-9651 e-mail: glukhova710@gmail.com Kravchenko Kristina, Applicant of Higher Education, Faculty of Economics and Management, Kremenchuk Mykhailo Ostrogradskyi National University, Kremenchuk, Ukraine ORCID ID:
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