Abstract
The object of research is practical aspects of financial planning of transport companies. Factors affecting the parameters of the process of financing capital-intensive companies are analyzed, which include port and shipping companies. Structural changes in the economy and the financial system led to both a lack of financial resources in the market at an optimal price, and to reluctance of financial intermediaries to finance the activities of companies with a heavy asset structure. The level of competition on the one hand requires a reduction in costs, on the other hand, technical modernization, as a result, financial planning must be made more flexible. The conditions in the financial markets are considered to attract additional financing primarily for shipping companies. Changes in financing conditions need to be taken into account in the financial planning process, primarily the level of financial costs and the level of risk in budgeting, providing for an alternative way of financing. In some cases it is advisable to refuse to attract, as the effect of financial leverage can be negative. The study of trends in terms of development of capital raising allows to more accurately predict the level of efficiency of using the company's capital.
Highlights
The state of the external environment complicates the process of financing of capital-intensive companies, which include port and shipping companies, primarily political risks, the economic legislation of the country, changes in the international financial market and the maritime market
If the company wants to raise enough funds to increase the volume of its means of production, attracting investments at a low interest rate and controlling risks in financing its activities, all aspects of financial planning must be carefully worked out, primarily the level of financial costs and the risk level
Risks substantially limit the desire of financial inter mediaries to lend and the amount of financial resources for transport companies
Summary
The state of the external environment complicates the process of financing of capital-intensive companies, which include port and shipping companies, primarily political risks, the economic legislation of the country, changes in the international financial market and the maritime market. Under such conditions, if the company wants to raise enough funds to increase the volume of its means of production, attracting investments at a low interest rate and controlling risks in financing its activities, all aspects of financial planning must be carefully worked out, primarily the level of financial costs and the risk level. The terms of long-term financing can offset the positive effect of the financial leverage, as a consequence, the planning process should be more flexible
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