Features of accounting for loans and borrowings at enterprises of the dairy industry in Russia

For food industry enterprises, as well as for the economy as a whole, the last few years have been a crisis, which leaves its mark on the financial results and efficiency of production and economic activities. This can jeopardize the normal functioning of enterprises in the food industry, which, in conditions of maintaining a high degree of debt, can negatively affect financial stability and increase the risk of bankruptcy. In the course of the study, an assessment of the state, as well as the specifics of accounting for loans and borrowings is carried out on the example of the leading enterprises of the dairy industry in Russia in 2020-2022. It has been established that among the largest enterprises of the dairy industry in Russia, the undisputed leader is JSC Wimm-Bill-Dann, where by the end of 2022 revenue amounted to more than 117 billion rubles, and net profit - 6.28 billion rubles. For the leading enterprises of the dairy industry, the general trend is to maintain the predominant position of their own sources of property formation. Despite the overall stable financial position of the leaders of the dairy industry, the amount of borrowed funds in them is significant. At the same time, short-term borrowed funds prevail in terms of the term of loans and borrowings, which contributes to the formation of a low share of sustainable capital. In general, for the leading enterprises of the dairy industry in Russia, despite the availability of borrowed resources, the financial situation is quite stable, and the structure of the sources of property formation is balanced, which helps to maintain an optimal level of business activity and avoids the formation of a high credit burden.