FEATURES OF VALUE ASSESSMENT SCIENTIFIC-INDUSTRIAL COMPLEX

The market and macroeconomic trends and the demand for knowledge-intensive products urge on interest of investors in producers of innovations. In Russia today the most effective structure on creation and release of innovative production are scientific and production complexes. Their task includes carrying out applied research and developmental works, release of prototypes and rendering support to the industrial enterprises for the organization of serial release of the innovative products developed by them. Thus, the innovative activity of industrial enterprises and their investment activity largely depend on the results of research and production complexes. Therefore it is necessary to form effective mechanisms of management of these structures. The purpose of the study is to develop an approach to the valuation of the scientific and production complex, taking into account the peculiarities inherent in its activities. The cost of the research and production complex is one of its characteristics, reflecting the status and effectiveness of its work. Methods of valuation of research and production complex should adequately take into account its actual financial and economic situation. The article describes the existing methodological approaches to the valuation of innovative active enterprises. Features of activity of the scientific and production complex including existence of possibility of parallel implementation of two processes are analyzed: receiving the income from the current activity and carrying out research and developmental works, release of prototypes, that is implementation of innovative projects with "remote" financial results. As a result of the research, a new approach to assessing the value of the research and production complex, adequate to the economic processes of its activities, the use of which in the formation of the investment portfolio of the enterprise contributes to the capital of the enterprise.