Modelling of rational economic proportions of the balance sheet structure of the petrochemical enterprises

The paper provides the assessment of the balance sheet structure of rival companies of a petrochemical complex of the Russian Federation. J. Aubert-Kriye's method is chosen as a main methodical tool. Practical demonstration of the method is offered on the example of the enterprises of petrochemical business of PJSC “Sibur”, PJSC “Nizhnekamskneftekhim” and JSC “Sterlitamak Petrochemical Plant”. The analysis of balance sheets showed that the enterprises have elements of irrational structure. “Sibur” differs in a low share of owner’s equity and a high share of long-term liabilities. “Nizhnekamskneftekhim” is characterized by the high share of owner’s equity which use for the purposes of development of the company and it is more expensive in comparison with liabilities. “Sterlitamak Petrochemical Plant” has excessive values of liquidity rates that demonstrates accumulation of a money, their derivation in receivables. At the same time, processes of ongoing investment in upgrade of the equipment and expansion of capacities require cause necessity of support of a rational balance sheet structure of the enterprises of a petrochemical complex. On the example of “Nizhnekamskneftekhim” modeling of a rational balance sheet structure of the company is carried out. The sequence of calculations included performing diagnostics of structural distribution of current assets and sources of means; determination of structure of financial and active elements of the entity; establishment of permissible limit of change of basic proportions and ratios by criterion of solvency and financial stability. Modeling of structure of a liability and current assets on the basis of the J. Aubert-Kriye's method showed a possibility of improvement of economic indicators of “Nizhnekamskneftekhim”. Further determination of range of tolerance for elements of the liabilities and current assets will allow to provide balance of economic proportions and financial stability of the company.