DBPapers
DOI:10.5593/SGEM2013/BE5.V2/S21.008

CONSIDERATIONS REGARDING THE USE OF MONEY FLOWS IN ASSESSMENT OF PROJECTS, IN THE MINING ENTERPRISES IN ROMANIA

S. I. Mangu
Tuesday 6 August 2013 by Libadmin2013

References: 13th SGEM GeoConference on Ecology, Economics, Education And Legislation, www.sgem.org, SGEM2013 Conference Proceedings, ISBN 978-619-7105-05-6 / ISSN 1314-2704, June 16-22, 2013, Vol. 2, 57 - 64 pp

ABSTRACT

The complex taxation systems, the fiscal facilities systems, dividends and other flows of revenues and expenditures led to emergence of differences between the profits and the financial means (liquidities) taken into consideration and recorded in the mine enterprise’s records. Thus the need and requirement that, when assessing mining projects, along with the revenues flows, the net yearly money flows to be also considered, represented by the financial means recorded in the company’s evidences.
In the United States of America using money flows in assessment of mining projects had been spread out. Within the Russian Federation, another country with a considerably high potential in mineral resources, the situation is not much different.
Starting from the experience of the two countries, trying to generalize using money flows in mine projects assessment but in accordance with the national fiscal law provisions, the formation of money flows in the mine enterprises of Romania had been synthesized.

Keywords: mining project, mining enterprise, assessment, money flows.