The expert told how the assets of companies are formed

Companies around the world often form their assets through borrowing. However, bank loans in the financial structure do not exceed three percent, everything else is investors' money, a member of the council of the Moscow branch of Delovaya Rossiya told the editorial board of Made in Russia, General Director of the Center for Regional Economics Alexey Poroshin.

Recently, analysts of the FinExpertiza consulting network presented the results of a study that showed that more than half of medium-sized and large enterprises in the country are formed due to debts.

"The share of bank loans in investment projects does not exceed three percent. The rest is the money of investors, and for the most part not one or two, but a large number of investors. Naturally, they want to return their money and make investments in the form of loans, including at interest. That is, companies owe their own owners and shareholders. This is a fundamentally different situation than a bank loan," the expert said.

Such a trend actually indicates "the process of returning capital to Russia, which is invested in the capital of companies in the form of loans," he believes.

In the coming years, the equity capital of companies will grow and exceed external or internal borrowings, Poroshin believes. This is due to the fact that many global companies have a large part of their fixed capital – goodwill (business reputation) and intangible assets (patents, copyrights, and so on).

"For domestic companies, the fixed capital is quite tangible things - real estate, equipment, transport and others. But now the valuation of intangible assets is developing very rapidly in Russia and soon they will also make up a significant share of capital in domestic companies, and the share of borrowed funds will thus decrease," he concluded.

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Author: Ksenia Gustova