Open AccessASSESSMENT OF INVESTMENT PROFITABILITY TAKING INTO ACCOUNT BANK CREDIT REPAYMENT
Author(s) -
П. В. Сергеев,
V. M. Butorin,
А. V. Polyanskiy
Publication year - 2017
Publication title -
izvestiâ ûgo-zapadnogo gosudarstvennogo universiteta
Language(s) - English
Resource type - Journals
eISSN - 2686-6757
pISSN - 2223-1560
DOI - 10.21869/2223-1560-2017-21-2-150-158
Subject(s) - profitability index , creditor , debt , investment (military) , loan , business , economics , credit history , finance , credit reference , monetary economics , financial system , credit risk , politics , political science , law
In modern economic conditions for business development businessmen have to take bank credits. At the same time it is necessary to consider that growth of inflation has negative impact on investment profitability, increases risks, and significantly limits businessmen investment activity. In this regard, adequate ensuring calculation of bank credits payment plan is up-to-date. This article describes investments profitability taking into account bank credit repayment in case of state support and without it. Balance equation is necessary to make evaluation of capital investment profitability in enterprise. It is possible to define compliance between sum of money invested by businessman creditor together with added percent and sum of borrower extinctive payments should be also taken into account. The balance equation allows credit income calculation for businessman creditor and distributing it on income sources and credit debt repayment periods. One part of credit debts goes for principal debt repayment and the other part is for percent repayment of debt rest. For the purpose of state support for innovative directions of business development it is offered to compensate annually a certain part of money from the total payment amount of credit percent charged for the debt rest. In modern economic conditions it is almost impossible manually to make adequate decisions on effective use of credit resources. Therefore by means of modern computer technologies and programs it is offered to automate management process of rational decision adoption in questions of loan resources effective use. It is shown in conditional numeric example. In conclusion it is noted that businessman, using offered technique of rational option choice of loan resources use, has a real opportunity of bank credit repayment, taking into account inflation changing rate. It is possible to develop production capacities and to take extreme commercial benefit in contract terms.