The results of enterprises in the first quarter
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In the first quarter of 2019, the financial results of the surveyed enterprises were weaker than in the previous year. Basic economic and financial indicators have also deteriorated. Capital expenditures were higher by 21.7% than those recorded in the first quarter of 2018 (when the increase by 6.6% took place).
Revenues from total activity were higher by 6.7% than in the previous year, and the costs of obtaining them increased by 7.3%. The cost level indicator has deteriorated from 95.2% a year ago to 95.7%. Net revenues from sales of products, goods and materials increased by 7.1%, and the costs of this activity grew by 7.5% per annum.
Source: GUS
general economic situation index
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The general GUS (SI) general economic situation index in April 2019 is at a level lower than that recorded in March 2019 and April 2018. Since January 2017, this ratio has been above the long-term average. The component for construction is at a level similar to the one recorded in March, concerning industrial processing, retail trade and services at the lower level.Compared to April 2018, component values for retail and services are lower, while for manufacturing and construction - similar. Indicators of diagnostic and prognostic assessments are lower than those reported a month ago and a year ago.
source: GUS
Social programs and inflation
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Launched subsequent social programs have an impact on the level of prices and inflation. According to the NBP, the core inflation (excluding food and energy prices) in relation y / y in April 2019 amounted to 1.7%. against 1.4 percent in March; after excluding administered prices (subject to state control) inflation in year-on-year terms amounted to 2.3 percent, compared to 1.9 percent. a month earlier; after excluding the most variable prices, it amounted to 1.7%,
Understanding the market
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Relief for research and development
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In connection with conducting research and development, taxpayers are entitled to a relief consisting in deducting from the tax base part of the tax deductible costs incurred for this type of activity - the so-called "Eligible costs".
The mechanism of this relief consists in deducting from the tax base part of the costs of obtaining income from R & D, so-called "Eligible costs".
It is therefore an additional reduction of the tax base for the same title, from which the given cost has already been included in the tax deductible costs.
Payment deadline
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The current economic growth in no way affects the shortening of the payment deadline. The Act of March 8, 2013 on Payment Dates in Commercial Transactions not only adjusted the binding provisions to Directive 2011/7 / EU of the European Parliament and of the Council of February 16, 2011 on combating late payment in commercial transactions, but also to shorten the payment deadlines established by the contractors.
13 retirement
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The annual transparency report for the financial year 2018
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In order to increase the confidence in, and the liability of, the statutory auditors and the audit firms carrying out the statutory audit of public-interest entities, it is important that the transparency reporting by statutory auditors and audit firms be increased.
For this reason Grupa Gumułka - Audyt Sp. z o.o. Sp.k. is publishing the annual transparency report for the financial year 2018.
Invoice payments
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According to a study commissioned by the Debtors Registry of BIG InfoMonitor, delays or failure to pay contractors affected every 16 companies. An even worse situation applies to service companies, among which even 9 in the above due to the lack of payment for invoices may lose liquidity. Only in the first quarter of this year, 222 companies had to deal with the bankruptcy or the beginning of the restructuring.