PROFITABILITY, FINANCIAL LIQUIDITY AND LABOUR EFFICIENCY IN FISHERY AND AGRICULTURAL ENTERPRISES
The Stanisław Sakowicz Inland Fisheries Institute in Olsztyn
ABSTRACT. The aim of the study was to compare profitability, financial liquidity and labour efficiency in fishery and agricultural farms and enterprises. Fishery enterprises were represented by 54 pond fish farms and 38 lake fishery enterprises, while agricultural ones - by 176 complex enterprises, 129 farms focusing on plant production, and 52 animal farms. Data for fishery enterprises were collected in 1994-1996, and for agricultural ones in 1996. Means were calculated for the following indices: profitability, index of current financial liquidity, rapid index of financial liquidity and labour efficiency. To illustrate the results advantage was taken of linear and frame graphs and histograms.
It was found that pond fish farms distinctly differed from other enterprises (3 out of 4 indices the highest and significantly different). Lake fishery enterprises differed significantly from agricultural ones only as regards rapid index of financial liquidity. The lowest values of the 4 analysed indices were obtained for animal farms. Labour efficiency was the least diversified index.
Key words: FISHERY AND AGRICULTURAL ENTERPRISES, PROFITABILITY, FINANCIAL LIQUIDITY, LABOUR EFFICIENCY