PROFITABILITY ANALYSIS OF STATE MINING PLANTS OF THE ZLATOUST MINING DISTRICT OF THE UFA PROVINCE AT THE BEGINNING OF THE 20 CENTURY

The article is devoted to a relatively little-studied aspect of the history of the level of profitability of state mining plants of the Zlatoust mining district of the Ufa province at the beginning of the 20 century. The profitability and unprofitability indicators of the Artinsky, Zlatoust, Kusinsky and Satka plants are shown. An attempt is made in the present study to reveal the economic situation and to show profitability of state mining plants of the Zlatoust mining district between 1909-1911. The analysis of reports reveals the profitability of plants of the Zlatoust mining district between 1910-1911 and the losses of state mining plants of Urals in 1903, and between 1905-1910. Some of the important properties of unprofitability of state mining plants at the beginning of the 20 century are listed. Significant influence to unprofitability of plants were provided by absence of railway networks, lack of cheap fuel and regularity in plant activity, far distance from sales markets, discrepancy between workshop and overhead costs of plants productivity, equipment obsolescence, high percentage of defective products, and also to a greater extent inefficient management of state mining plants. The profitability of state plants in the Zlatoust mining district were achieved mainly by the production of cast iron, steel and weapons.