Assessment of the efficiency of leasing when operating a mobile medical clinic in Russia (on the example of the Rostov region)

In recent years, especially during the COVID‑19 pandemic, the need for mobile medical clinics has increased. For the effective implementation of the project of mobile medical clinics in Russia (by the example of the Rostov region), it is necessary to purchase expensive medical equipment using leasing technologies. P u r p o s e of the study was to assess the effectiveness of leasing when operating a mobile medical clinic in the Rostov region. M a t e r i a l s a n d m e t h o d s . The article investigated the cost-effectiveness of operating leasing compared to the standard purchase of medical equipment. The amount of lease payments was calculated and compared with payments for the purchase of medical equipment. Payments were calculated for a standard set of medical equipment for a medical clinic, including 5 cars on KAMAZ chassis No. 1 with offices of a therapist, surgeon, otolaryngologist, endocrinologist and neurologist, dentist, gynecologist, urologist and ophthalmologist, laboratory and fluorographic, mammographic and CT complexes. R e s u l t s . According to the results of the study, it was found that in the modern conditions of the spread of coronavirus infection, the need for mobile medical clinics has increased significantly. Effectiveness of medical equipment leasing technology: supplier (equipment manufacturer) – lessee (mobile medical clinic) with the assistance of a leasing company (lessor), lease payments for operating leasing have been estimated. F i n d i n g s . The effectiveness of leasing in the Rostov region with full depreciation of medical equipment by 30–80% within 10 years of operation has been established.

FINANCIAL MECHANISM FOR REGULATING THE SPHERE OF MEDIUM-SIZED BUSINESSES IN UKRAINE

The article notes that financial regulation and support for the development of medium-sized businesses is one of the priority and main areas of social and economic policy in Ukraine. Financial regulation is a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the stability and integrity of the financial system. This may be handled by either a government or non-government organization. Financial regulation has also influenced the structure of banking sectors by increasing the variety of financial products available. It is emphasized that the main areas of financing of the medium-sized business support program are: assistance to companies, that are engaged in the development and implementation of innovative products and services, innovative industries; subsidizing the interest rate on loans to make them more attractive for entrepreneurs; compensating for the cost of purchasing equipment; promoting the development of equipment leasing; expanding self-employment programs for the unemployed people, supporting social branch and responsibility of entrepreneurship; creation of business incubators, accelerating programmes, industrial parks, technology parks, entrepreneurship centers, cluster development centers, prototyping centers, collective access centers, equipment, etc. promising areas for improving and complementing programs of state regulation and financial support for medium-sized and small businesses in Ukraine are indicated. It is proved that financial mechanisms are ensuring the life of the enterprises and businesses are the only type of its resources that act as an incentive for entrepreneurial activity, as well as providing funds for the production process, Personnel Support and use of labor resources, and the implementation of a set of marketing measures, production, economic and other elements of the enterprise and their transformations, which increases at the end of the stage of the financial cycle, increasing the volume of net cash flow, acting as a necessary condition for the development of any organization. It is concluded that the implementation of the proposed measures will contribute to solving the financial problems of medium-sized businesses, as well as ensure the real development and growth of this sector in Ukraine.

Lease Finance in Nigeria: Current Status, Challenges and Future Prospects

Objective – The Leasing industry in Nigeria is witnessing increased demand for assets under a given prevalence of rising domestic costs of purchase, shortage of foreign exchange for imports as well as persistent depreciation of the Naira. The objective of this paper is to analyze the current state of lease financing in Nigeria, the prospects and challenges with a view to assess the capacity of the industry to continue to provide this form of finance. Design/methodology –The paper adopts an exploratory research design with references to publications, websites and research articles relevant to the subject matter. A number of relevant publications on leasing in Nigeria were duly explored. Results – Our findings show that, the volume of lease finance has consistently grown over the last 14 years (2005-2018). Finance leases volume totaled 1.68 trillion naira in 2018 alone. Banks as market participants in the Nigerian lease industry finance other non-bank lessors while the non-bank lessors account for about 80% of lease transactions mostly to Micro, Small and Medium Scale Enterprises (MSMEs). Funding remains a major challenge restricting provision of leases to general supporting equipment and constraining leases of specialized assets (big-ticket leases). Prospects for lease finance obtain in terms of rising popularity of operating leases with lessors and lessees, attributable to the inherent mitigation against default risk. There is also potential for a growing customer base beyond MSMEs, with the influx of patronage by listed corporate firms especially those in the healthcare and education sectors. We identified financing partnerships, development of sound corporate governance practices, hastened inauguration of the Equipment Leasing Registration Authority and increased sensitization of potential leasehold product consumers on the benefits of lease finance, as critical success factors for the lease industry in Nigeria.

Burlington Northern Railroad Company: Equipment Leasing

The director of equipment finance at Burlington Northern Railroad Company must decide if a leveraged-lease proposal is acceptable. The case emphasizes the importance of the lessee's tax status to the value of the lease and how the perception of residual value affects the valuation for both the lessee and lessor. To value the lease properly, the student must identify the relevant cash flows and the appropriate discount rates for those flows.