Development of investment ensuring reproduction of fixed assets at construction enterprises
One of the negative trends in the economy of the country is the growing mass of worn funds of businesses of all sectors, resulting in the failure to ensure the competitiveness of their products, to form domestic investment resources in the required amount due to depreciation and profit. The sources of renewal and modernization of basic production assets are depreciation deductions, and deductions from net income. But if depreciation deductions are normalized by the state, the deductions from net profit are left to the discretion of enterprises. Despite considerable experience in managing funds, the problems of investment rationing to ensure the effective return of capital with specified efficient renovation of funds and identify regulatory methods of establishment of proportions between depreciation and profit are not solved neither in theory nor in practice. In addition, high rates of inflation and normative long-term service of equipment lead to the fact that the use of investment does not meet the efficiency requirements. In this regard, the authors formulated the task for the development of regulatory methods: return of investments, the effectiveness of reproductive investment at the enterprise, determination of the proportions (relations) between the internal investment sources, amortization and profit, identification of priorities for renewal of fixed assets. These methods are intended for forming of the computational and analytical base for the effective renewal of fixed assets, which makes it possible to increase the competitiveness of enterprises of construction industry and their products.