| Abstract | Investicije u poljoprivredi mogu se financirati vlastitim kapitalom, kreditima poslovnih banaka te putem bespovratnih sredstava iz EU fondova. U ovom radu je istraženo djelovanje načina financiranja na dinamičke pokazatelje uspješnosti investicije, na primjeru nasada malina površine 1 hektar. U prvom slučaju investicija je financirana kreditom Agram banke sa kamatnom stopom od 7,59%, na rok od dvije godine uz poček od jedne godine. U tom slučaju razdoblje povrata ulaganja je dvije godine, uz neto sadašnju vrijednost 73.362,33 kuna te internu stopu rentabilnosti koja je veća od diskontne stope. U drugom slučaju investicija je financirana kreditom Hrvatske poštanske banke sa kamatnom stopom od 5,99%, na rok od dvije godine uz poček od jedne godine. U ovom slučaju razdoblje povrata ulaganja je također dvije godine, uz neto sadašnju vrijednost 73.831,33 kuna te internu stopu rentabilnosti koja je veća od diskontne stope. U trećem slučaju investicija je financirana bespovratnim sredstvima iz Mjere 4. – podmjere 4.1. Dobivena su bespovratna sredstva u iznosu od 32.502,00 kuna. Sredstva su isplaćena kroz četiri rate. Prva rata je isplaćena nakon odobrenja dodjele za potpore (30%), druge dvije (25%) tijekom obavljanja poslovnih aktivnosti, te zadnja rata (20%) nakon provedenih aktivnosti. U ovom slučaju razdoblje povrata ulaganja je jedna godina, uz neto sadašnju vrijednost 130.841,62 kuna. U četvrtom slučaju investicija je financirana bespovratnim sredstvima iz Mjere 6. – podmjere 6.1. Dobivena su bespovratna sredstva u iznosu od 32.502,00 kuna te su isplaćena kroz tri rate. Prva rata je isplaćena nakon odobrenja dodjele za potpore (30%), druga (50%) tijekom obavljanja poslovnih aktivnosti, te zadnja rata (20%) nakon provedenih aktivnosti. I u zadnjem slučaju financiranja investicije nasada maline na 1 ha, razdoblje povrata ulaganja je jedna godina, uz neto sadašnju vrijednost od 131.106.06 kuna te internu stopu rentabilnosti koja je veća od diskontne stope ako je NSV veća od nule. |
| Abstract (english) | Investments in agriculture can be financed by own capital, loans from commercial banks and by means of grants from EU funds. This paper examinated the action of financing on dynamic indicators of investment performance, on the example of a raspberry-based area of 1 hectare. In the first case, the investment was financed by a loan from the Agram bank with an interest rate of 7.59%, for a term of two years with a period of one year. In this case, the period of return on investment is two years, with a net present value of 73.362,33 kuna and an internal rate of profitability that is higher than the discount rate. In the second case, the investment was financed by a loan from the Croatian postal bank with an interest rate of 5.99%, for a term of two years with a period of one year. In this case, the period of return on investment is also two years, with a net present value of 73.831,33 kuna and an internal rate of profitability that is higher than the discount rate. In the third case, the investment was financed by a grant from Measure 4. – Sub-measures 4.1. Grants in the amount of 32,502.00 kuna were obtained. The funds were paid through four installments. The first installment was disbursed after approval of the grant for aid (30%), the other two (25%) During the performance of business activities, and the last installment (20%) After the activities have been performed. In this case, the period of return on investment is one year, with the net present value of 130.841,62 kuna. In the fourth case, the investment was financed by the grant from Measure 6. – Sub-measures 6.1. Grants were obtained in the amount of 32,502.00 kuna and were disbursed through three installments. The first installment was disbursed after approval of the grant for aid (30%), the second (50%) During the performance of business activities, and the last installment (20%) After the activities have been performed. And in the last case of financing of the raspberry-based investment on 1 ha, the period of return on investment is one year, with a net current value of 131.106,06 kuna and an internal rate of profitability higher than the discount rate if the NSV is greater than zero. |
