Dynamics and structure of sources of property

Indicator	2012	Structure	2013	Structure	Deviation (+,-)			Structure
					absolute	relative, %
I. Equity capital
Share capital	88111		88111
Additional capital	31140		31140
Retained earnings	248198				-248198
Treasury stock	16992		17309		317	1,019
Total for Section I	367449	80,215	396623	79,327	29174	1,079	69,614
ІІ. Long-term liabilities and provisions
deferred tax liabilities	5544				-5544
Total for Section II	5544	1,210			-5544		-13,229
ІII. Current liabilities
Current payables by:
goods, works, services	84975		100896		15921	1,187
Payments to the budget	28		733		705	26,179
estimates of the wag	84		122		38	1,452
Total for Section III	85087	18,575	103365	20,673	18278	1,215	43,615
Balance	458080	100	499988	100	41908	1,091	100

As we see, the volume of equity at the end of period increased (+29174) due to the increase of treasury stock. The most significant impact has an increase in retained earnings (+1819) and by the absence of retained earnings . All other parameters remained unchanged .Liabilities reduce the value of equity. Current liabilities at the end of the period increased (+15921). Considering the value of equity and liabilities we can see that the share of equity (69.6%) exceeds the share of debt (30.39%).

6. Analysis of the financial stability of an enterprise

Based on the company's balance sheet is necessary to calculate indicators of available sources of forming stocks and determine the type of financial stability. As part of absolute indicators of financial stability mostly distinguish group of indicators of availability of sources of stocks’ formation and group of indicators of stocks’ coverage by sources of their formation. Analysis of indicators of financial stability of enterprise is provided in analytical table (Table 10):

Table 10

Indicators	Indicator value		Absolute deviation (+, -)
	At the beginning of the reporting period	At the end of the reporting period
Current assets:	158370	200801	42431
Stocks	86640	81435	-5205
Inventories	81692	74234	-7458
Unfinished production	4581	7134	2553
Finished goods	367	49	-318
Goods	-	18
Current liabilities:	85087	103365	18278
Short-term bank loans	-	-
Bills of exchange issued	-	-
Payables for goods, works, services	84975	100896	15921
Current liabilities from advances received	-	-
Other current liabilities	112	855	743
Working capital	73283	119366	46083
Normal sources of formation of supplies	158258	220262	62004
Type of the current financial stability	NWC<S <Sn	NWC>S>Sn	X

The enterprise has normal short-term financial stabilyty at the beginning of the period and absolute financial stability at the end. Stocks of companies fully formed from its own sources - working capital (net working capital). The Company is not dependent on foreign creditors, has a high level of solvency. In practice it is extremely rare and is a limiting type of financial stability, and the approach to financing of inventories may not be the best, because it means that the company is unwilling or unable to raise finance loan.

Assessment of the dynamics of basic relative indicators of financial stability of enterprises carry out using the values of capitalization ratios that is provided in analytical table (Table 11):

Table 11