Evaluating the Indicators of Financial Status of the Enterprises of Thermal Power Industry in Ukraine

• Main Authors: Abakumenko Olha V., Lukiashko Pavlo O.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2017-07-01
• Series: Bìznes Inform
• Subjects: depreciation; fixed assets; operating costs; thermal power industry; power generation
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2017-7_0-pages-220_229.pdf

The article is aimed at identifying general trends and problems in the development of part of the energy generating segment of the electric power sector of Ukraine, namely – thermal power generation companies. Changes in the energy sector of Ukraine, as a result of the political developments of 2013-2015, increased the relevance of modernization in electric power generation. However, the elaboration of proposals for improving the energy sector in Ukraine should be based on an understanding of the existing characteristics and problems of its functioning. In the publications of recent years, the problems of micro-level have been overlooked by researchers, although characteristics and problems of the enterprises’ activities are being largely embossed by the industry-wide turmoil. The data of financial statements of the domestic thermal power industry indicate heterogeneity of their development. The carried out analysis allows to make findings of the general problem as to development of Ukrainian thermal power generation enterprises, which is inefficient management, resulting in a gradual loss of the industry’s productive capacity of the industry sector in the face of high production costs for the population.