Some Aspects of Improving the Profit Management of Energy Companies in Ukraine

  • Alla Krushynska Leonid Yuzkov Khmelnytskyi University Management and Law
  • Yana Buchkovska Leonid Yuzkov Khmelnytskyi University of Management and Law
Keywords: profit, profit management, formation, distribution and use of profit, profit centre, incentive regulation

Abstract

The article investigates the system of enterprise profit management with the identification of the main components of this process. There is dedicated profit generation by activity, profit sharing and organization-methodological component, which includes organizational and information support, systems and methods of analysis, planning and internal control of profit. A comprehensive substantiation of the theoretical foundations of the enterprise profit management system provides sufficient basis for the study of the actual practical aspects of the enterprise profit management process of the energy complex. It is researched that the profit management at the enterprise is carried out according to the basic directions of activity taking into account the business processes according to the organizational structure, which is divided into directories and it is proposed to manage the distribution and use of the profit of the enterprise in stages, guided by the management approach according to the profit centres. Centre managers would be able to make and implement financial decisions on their own, control the revenue and expenditure of the centres concerned, generate revenue that would determine the effectiveness of their operations. It is revealed that the state of the grids and power equipment of the enterprise needs additional power for electricity consumers and requires significant investments that can be attracted only if incentive regulation is implemented and the need to adjust the regulatory rate of return on regulatory asset bases — 0.05 relative units (for the base created at the date of transition to incentive regulation) and 0.17 (for the base created after the transition to incentive regulation). It is also proposed to extend the base of regulatory period, whereby the tariff is initially set at 3 years, then at 5, and then can reach 8 years, which will contribute to economic stabilization for the enterprise and consumers. The proposed measures will improve both the qualitative and quantitative parameters of the enterprise profit management system.

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Published
2019-12-27
Section
Economics and Enterprise Management