Index-deflator as an economic indicator

The index-deflator is an economic indicator used to recalculate the value of enterprise assets.

In terms of macroeconomic indicators, it is used to adjust the cost of GNP (gross national product) taking into account price changes. The GDP deflator is formed taking into account the funds spent by the state for the purchase of raw materials and goods for industrial purposes, as well as taking into account the funds received from the sale of goods and services in the world and home market. When these indicators are compared, an index-deflator is formed, which, depending on the price changes, also changes.

In general, the term "deflator" implies several definitions:

-Defler GDP (INTERNAL GROSS PRODUCT) is used to determine the actual prices in the domestic market of the country, based on the calculation of the price index.

-Depter of GNP (Gross National Product) is determined in the form of an index by the ratio of the indicators of the previous year to the current one.

-Deffector of income (prices) - an indicator of the level of prices in relation to the current year to the previous one.

The index-deflator, according to the resolution approved by the government of the Russian Federation, is set for a calendar year, based on the calculations of the price growth of the current year.

In the Russian economy, the deflator index began to be applied since 1996 as an indicator of average prices for property of enterprises (fixed assets, tangible assets, current assets).

To calculate the deflator index, a joint instruction was developed by the State Statistics Committee of the Russian Federation, the Ministry of Finance of the Russian Federation, the Ministry of Economics of the Russian Federation, approved on May 21, Its application is directly related to the definition of the taxable base of corporate income tax. At that time, in connection with the crisis of the Russian economy, inflation was growing at a high rate, so the conversion indices were made quarterly.

Recalculation of the value of assets, for example, fixed assets, is carried out sequentially taking into account changes in the index-deflator. If, for example, an object was purchased in January 1996, and disposed of for sale at the end of the same year, the residual value of this object will be adjusted to the corresponding deflator index. If the receipt and disposition of the fixed assets object has passed in the same quarter, recalculation is not done. The profit from the sale of property can be determined by the formula:

П = ЦР - (БС х Д,), where

P - profit from sales;

CR - the selling price;

BS - book value;

D - index-deflator.

With the sale of property profits may not be, i.e. Its implementation can be equal to the book value or lower. In this case, the recalculation of the inflation factor is not applied. To revaluate the book value of fixed assets, the index-deflator began to be applied since 1998.

Below is a table that characterizes the degree of change in inflation indicators for 4 years (1996-1999) quarterly.

Taking into account these indicators, the property of enterprises is revalued, except for securities, shares, intangible assets, currency.

At the meeting of the Government of the Russian Federation of 1 October 2008, the Concept of Long-Term Social and Economic Development of the Russian Federation for the Period Until 2020 was considered, on the basis of which planning of long-term projects by enterprises in the field of construction and services takes place.