Zależność funduszu rozwoju od wyniku finansowego w przedsiębiorstwie zarządzanym centralnie
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Date
1968
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Journal Title
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Publisher
Wydział Prawa i Administracji UAM
Title alternative
The Dependence of the Progress Fund on the Financial Result a State Enterprise
Abstract
The progress fund in an enterprise arises from inflows, the amount of which
depends on the enterprise's financial result. These inflows may come from the
enterprise's profit or from subsidy. The ratio of these inflows to the financial result,
as well as the sources of the inflows are determined by financial regulations
and depend on whether high profit, low profit or deficit is assumed in the enterprise's
plan.
These regulations were subject to several changes between 1958 and 1967.
It is interesting to investigate, how inflows to the progress fund were related to
the financial result by force of the successive regulations.
According to the 1958 regulations there was a constant ratio between profit
(or, if the enterprise planned losses, between turnover) and inflow to the progress
fund. This ratio was predetermined by the enterprise's plan individually for
every enterprise. The implementation of the plan had no influence on this ratio.
The regulations were such that it was convenient for the enterprise to plan its
profit (or its turnover) as low as possible.
The characteristic feature of the regulations in force between 1959 and 1965
was the regression of inflows to the progress fund when the enterprise's financial
result was better than planned. The greater was the profit (or smaller the loss)
compared wit planned quotas, the relatively smaller was the inflow to the progress
fund. Planning of unrealistically low profit ceased ot be attractive from the point
of view of the progress fund.
The system of regression in force between 1959 and 1965 had one rather
great defect. The improvement of enterprise's planned financial result between
40 and 60 per cent did not cause any increase of the inflow to the progress fund,
and in some intervals it even caused decrease of the inflow.
The regulations in force since 1966 have removed regression of inflows to the
progress fund. The constant ratio between profit and contributions to the progress
fund has been reintroduced as far as enterprise planning high profit are
concerned. Enterprises planning low profit or deficit know inflows to their progress
fund only in case their financial result is not better than planned. They do not
know at all whether they have the right — and if so to what extent — to transfer
any additional amount to the progress fund, if they achieve better results than
they had planned. The additional inflow becomes something like extra subsidy,
granted arbitrarily to the enterprise by the board of the association of enterprises.
Therefore no defifnite relation exists between inflow to the progress fund and
the financial result in the last two groups of enterprises.
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Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 30, 1968, z. 2, s. 219-245