Analysis of profitability of production of energy companies of the Irkutsk region

Irkutsk Scientific Center SB RAS, Department of Regional Economic and Social Problems, 664033 Irkutsk, Russia

^* Corresponding author: johnru@rambler.ru

Abstract

Energy is a life support industry that determines the state of the economy of the state as a whole. The energy sector is: 1. the infrastructure of all sectors of the economy and the life support system of the population; 2. business, which provides about 30% of GDP, 50-60% of the income of the country’s budget system and up to 65% of all foreign exchange earnings; 3. the geopolitical factor determining the role of Russia in the international arena. Profitability of production is an important economic category of the market economy, knowledge of the nature of which allows the most successful regulation of the economy of individual enterprises, industries and the national economy as a whole. This indicator is often used in financial and investment analysis. The study of the effectiveness of the financial and economic activities of the organization, the identification of cause-and-effect relationships between the factors used and the results obtained create the basis for a scientifically based prediction of its state in the future when planning and forecasting. In the article, to carry out a factor analysis of the profitability of production, the author has developed a 3-factor model. The article reveals the influence of factors affecting the change in the profitability of production of energy companies of the Irkutsk region and gives the author’s methodological approaches for its calculation (methods of factor analysis developed by Filatov E.A.). The article presents the author’s analytical, systematized statistical material for the analysis of key indicators revealing the impact on the change in the profitability of production of energy companies of the Irkutsk region regions of the Russian Federation.