An Index of the Utilization of Basic Production Funds
We consider that one of the indices for planning and evaluating the economic activity of enterprises and construction should be an index of the utilization of production funds. This should be used with indices of volume and profitableness. In the beginning a planned normative index of utilization of the basic production funds could be worked out according to types of production in the framework of the given economic administrative region; it should be differentiated for each enterprise of the extracive industry, the building materials industry and industries with a small assortment of products. Taking the oil industry of our economic region as an example, behind the index of overfulfillment of the plan for extraction and output per worker there is concealed the retarded transfer of capital investments, into the basic production funds. Proceeding from the established norms of amortization â 10% per annum (together with capital repairs) â and the expenses of amortization amounting to 20 rubles per planned cost of one ton of oil, the output of oil (together with gas) should be five tons per every thousand rubles of basic production funds of the Oil and Gas Industry Administration of the Krasnodar Economic Council. Actually in 1957 the output of the basic production funds per thousand rubles was 3.1 tons. Though it was 18% higher than in 1955, now it is only 64% of the level which is necessary for replacement of the capital expenditures actually made.
Year of publication: |
1958
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Authors: | Veremkroit, I. ; Morozov, A. |
Published in: |
Problems of Economic Transition. - M.E. Sharpe, Inc., ISSN 1061-1991. - Vol. 1.1958, 4, p. 79-80
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Publisher: |
M.E. Sharpe, Inc. |
Saved in:
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