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Economic Analysis: Theory and Practice
 

'Live' fixed assets (perennial plantations) as an object of economic analysis

Vol. 16, Iss. 11, NOVEMBER 2017

PDF  Article PDF Version

Received: 5 October 2017

Received in revised form: 16 October 2017

Accepted: 25 October 2017

Available online: 29 November 2017

Subject Heading: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

JEL Classification: Q57

Pages: 2043–2063

https://doi.org/10.24891/ea.16.11.2043

Krupina N.N. Institute of Service, Tourism and Design, Branch of North Caucasus Federal University in Pyatigorsk, Pyatigorsk, Russian Federation
krupina_n17@mail.ru

Importance The article discusses financial and economic aspects of special multifunctional 'live' fixed assets, namely, perennial plantations, and examines their function and depreciation, areas of analysis, approaches to their effectiveness assessment, and ways to improve management.
Objectives The purpose of the study is to develop practical proposals on concession agreements to enhance the efficiency of non-commercial landscaping project management.
Methods I employ general scientific methods of generalization, abstraction, systems, structural, comparative, logical, and economic-statistical analysis, tabular and graphical presentation of results.
Results The paper considers approaches to determining the need, calculating the asset value, and assessing the benefits of landscaping. It offers methods to calculate return on assets and a set of indicators for a comparative rapid assessment of infrastructure projects in the system of State support. The findings may be applied in the theory and practice of economic analysis, infrastructure landscaping project management based on the public-private partnership principles.
Conclusions The increasing public demand for ecosystem services, closer attention to urban beautification and redevelopment on the part of State authorities make it possible to justify the expediency and basic aspects of economic analysis of perennial plantations. The understanding of the function, life cycle, depreciation trends, efficiency and effectiveness of usage of specific multifunctional non-commercial 'live' fixed assets will enable their integration into the management accounting system, optimization of capital and operating costs, and multiple-option PPP-based financing of infrastructure projects.

Keywords: fixed asset, perennial plantation, landscaping project, life cycle, concession

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