09-02-2005
Characteristics of Financial Status of Agricultural Enterprises in Ukraine
Financial results. In the years 1996 through 1999 agriculture was unprofitable in Ukraine. Agricultural enterprises had the poorest financial results in 1998 –1999, prior to the mass reorganisation.. In 1998, the share of loss-making enterprises in agricultural sector was 70%, and their losses amounted to UAH4060.1 million (Chart1,2). In the following year of 1999 84% agricultural enterprises were unprofitable, and the sum of losses was UAH 3391.1 million.
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