Sources and methods of financing investment activities - Английский язык - Презентации

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Sources and methods of financing investment activities

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* 1. The sources of financing investment activities and their classification * 2. Own funds of enterprises * 3. Borrowed funds of economic entities * 4. Methods of financing of investment activity www.arxiv.uz

The implementation of the investment process is associated with the search possible sources of financing investment, ways to mobilize them, to improve efficiency. All types of investment activity of business entities are carried out at the expense of investment resources generated by them. Financing of investment activity - is the order of providing investment resources, the system of spending and monitor of targeted and effective usage. www.arxiv.uz01 01020304 05 0D 05 1B 03090A 05

According to the Law of the Republic of Uzbekistan "On Investment activity", investment resources include: Cash and other financial assets, including loans, shares, stocks and other securities; Intellectual property The rights of ownership and use of land and other natural resources, buildings, structuresMovable and immovable property (buildings, structures, equipment and other material goods), and the rights to them. Other benefits under the legislation.www.arxiv.uz22 08 0F 10 18040C 0C0D08051A0C07040313 1C03 1D110B07 03 20080A041F190B07 0C0D 0D 240D110B12

The features of investment resources of the enterprise are: 1 . Formation of investment resources is the main condition of implementation of investment activity 2. Formation of investment resources is associated with the process of initial accumulation of the capital 3. Base of formation of investment resources of the enterprise is reinvestment of own capital received in the form of depreciation charges, net profit, receipts from realization of capital assets, financial instruments, etc. 4. Process of formation of investment resources has regular character, i.e. is carried out at all stages of life cycle of the enterprise. www.arxiv.uz26 02 27 14 01 28 12 05 09 2B 05 0B

The features of investment resources are: 5. Formation and use of investment resources is necessary at all stages of investment process for implementation project works, construction, acquisitions of the separate capital assets, creation of working capital. 6. Formation of investment resources is defined by objectives and directions of investment policy of the enterprise. 7. The rational structure of sources investment resources is the most important condition of financial stability of enterprise. 8. Volumes and sources of formation of investment resources are defined by the cost of their attraction (capital cost). www.arxiv.uz2D 02 04 07 2F 13 30 02 31 13

Financing of investments represents process of accumulation and effective spending money for acquisition of elements of the fixed and working capital, including new construction, expansion, reconstruction and technical updating of the operating enterprises, acquisition of machines and the equipment, creation of production stocks, etc. On financing investments the following main problems are solved: 2. Distribution of investments in time. 1. Definition of sources of financing www.arxiv.uz01 12 0403 09 0B 0814 0B 02 27 07 26 01 34

Under the term sources of financing of investments are generally understood funds and cash flows which allow carrying out investment process. Sources of formation of investment resources can be classified by various signs. www.arxiv.uz

It is possible to allocate three main economic subjects — the consumer of investment resources: — the state represented by state bodies; — enterprises and businessmen; — the population in the form of set of house farms. In annually adopted by the State Investment Program of the Republic of Uzbekistan sources of funding are divided into two groups - the centralized and non-centralized. 1. Funds of centralized investments include: • Budget funds; • Extra-budgetary funds; • Foreign investments and loans guaranteed by the Government. 2. Funds of non-centralized investments include: • Funds of enterprises; • Loans of commercial banks; • Funds of the population; • Direct foreign investments and loans. www.arxiv.uz

It is necessary for the state to invest such kind of sectors and spheres as science, education, socio-cultural spheres, defense, providing internal security, objects of infrastructure, environmental projects, financing federal and territorial investment programs, etc. The main sources of state financing of investments are presented in following figure. www.arxiv.uz

External sources: Investments of foreign states Investments of International organization Private investments of non-residents Repatriated capitalInternal sources: Profit from state foreign economic relations Sale of state bonds, state loans and other securities Taxes, dues Savings of population Credits of the Central Bank Accumulations of enterprises and organizations Sources of the state investments www.arxiv.uz

External sources:Internal (own) sources: Depreciation charges Authorized capital Net income Reserved capital Additional capital Insurance of damages Financial sources of enterprises Borrowed facilities of enterprises: Issuance of bonds, other debts of enterprise Loans of the financial-credit institutes Credits of the banks, lease Credits of the state Attracted facilities of enterprises: Investments of shareholders Investment payments or dues Issue of shares Grants and charity payments www.arxiv.uz

The economic literature contains various estimates of the relationship between internal and external sources of financing investments in Western countries. Some economists believe that in developed countries, formatted two types of relationships between internal and external sources of investment financing of non-financial corporations. One of them characterized by a high share of own sources in the total amount of funding in the United States and the United Kingdom, the other, featuring a high proportion of attracted and borrowed funds - in the Federal Republic of Germany and Japan. www.arxiv.uz

* First, the term, which are available on these, material and financial resources; * Second, the form and terms of repayment of borrowings; * Third, the terms of payment of interest, * Forth, the sum of interest rates and many other conditions. www.arxiv.uz

Profit. A key role in the structure of own sources of financing investment activity of enterprises plays a profit. After taxes and other obligatory payments to the disposal of enterprises leaves net income, part of which can be sent on investments. As a rule, a part of profit allocated to the investment objectives, accumulated in the accumulation fund or other funds of similar purpose, created by the company. Accumulation Fund acts as a source of funds of business entity that is used to create a new property, the acquisition of fixed assets, working capital, etc. The dynamics of the accumulation fund reflects the change in property status of the entity, the increase of its own funds. www.arxiv.uz2F0A 35 03 21 05 0A 07 0A 0C0B10 07 07 14 08 22 01 07 06 2207 0B0C0C11 06 07

Depreciation charges. These charges are formed in enterprises as a result of the transfer value of fixed assets at the cost of the finished products. Functioning in a long time, the main production funds gradually wear down and transfer their value to the finished product parts. In addition to profit and depreciation the sources of investment financing are:  reinvested through the sale of the assets;  immobilized in the investment part of the excess of current assets;  insurance of damages caused by the loss of property;  and other dedicated revenues.www.arxiv.uz34 30 14 030E 030D0A 0304 22 2F 29 1305 01 0A 0F0707 01 10 1305 01 10 16 01 03 0F0E

Self-financing - based on the use of own financial resources, especially income, depreciation and amortization. Corporatization as a method of financing the investment is typically used for large- scale projects at the regional or sectorial diversification of investment. However, despite the obvious benefits of this source of investment, borrowing money on the open market by issuing additional shares or corporate bonds in the CIS countries can afford only a few large companies. In these circumstances, the most viable source of financing is lending. Lending. The basis of the relationship of the investor and the bank (other lender) is a loan agreement where determined the size of credit, its security (collateral), repayment guarantees, terms of use and methods of repayment, interest rates fo

* Identification of sources of investment resources of the enterprise is one of the most important tasks for the successful operation of the business and the successful implementation of investment projects. * An important feature of the choice of sources of investment resources is wide enough alternative to meet the same investment needs of the enterprise. In this regard, experts recommend the use of multiple sources of investment. Mixed financing based on various combinations of the methods described above and can be implemented in all forms of investment. www.arxiv.uz

Thank you for your attention! www.arxiv.uz

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