PROFITABILITY OF AGRICULTURAL ENTERPRISES PRODUCTION IN THE REPUBLIC OF NORTH OSSETIA-ALANIA AND THE FACTORS DETERMINING ITS LEVEL
In this research paper to assess the economic and financial condition of agricultural enterprises used indicators such as production volume, sales volume, profit. However, the values of these indicators are not enough to objectively evaluate the effectiveness of an organization. This is due to the fact that these figures are the absolute performance of the company, and their correct interpretation of performance evaluation can be carried out only in conjunction with other indicators reflecting invested in venture funds. Therefore, to characterize the efficiency of the organization as a whole, the yield of agricultural activities greatest importance is attached to Profitability Ratios (or return). Profitability indicators are important elements that reflect factorial environment of formation of profit enterprises. Therefore, they are required for comparative analysis and assessment of the financial condition of the company. Based on the study of production profitability we identifies factors that determine its level. The changes in the financial performance of the agricultural enterprises of North Ossetia are analysed. The analysis showed that revenues from sales increased 5 times and in 2012 amounted to 2,272,618 thousand rubles. The cost price was 2170941 thousand roubles that is 4 times higher than in 2005, hence in 2012 farms of North Ossetia-Alania made a profit of $ 121,614 rub. The level of profitability in 2012 was 5,6%. The dynamics of production profitability of major agricultural products is also investigated. Since the profitability of maize in 2012 was 47,8, for potatoes the level was lower than in 2011 by 19,9%. In 2012, milk production was not profitable. Unprofitability was 2,4%, the reason was the increase cost of value - 19,4%. The sum of net profit in 2012 amounted to 121,614 rub. The main directions of its increase in agricultural organizations of North Ossetia-Alania are defined. The planned introduction of advanced science and technology, will allow agricultural enterprises to achieve the high level of profitability. It is necessary to state support of agricultural producers as a factor in increasing profitability.