An Analytic Study of Aggregate Loss reasons for General Ur Company for Engineering Industries  in Thiqar for the Period (2004-2011)

Khamat Selman, Kadhim

	An Analytic Study of Aggregate Loss reasons for General Ur Company for Engineering Industries in Thiqar for the Period (2004-2011)
AL-Qadisiyah Journal For Administrative and Economic sciences
Article 1, Volume 15, Issue 4, 2014, Pages 171-172 PDF (0 K)
Author
Kadhim Khamat Selman
Abstract
Ur company is considered one of the strategic companies for national economy in Iraq. That is why. It is classified as a company which helps to initiate new industry projects whose productions are used by other industries as production resources which affect the economic growth. The study deals with aggregate loss which springs from the real loss for the period 2004-2011 accounting for the total loss without the governmental aid (181948.4 milliare Iraqi Dinars) and also referring to the financial records which is 109274.3 for the same period. It refers to the reasons which cause that loss including the excessive workers' employment, the increase in salaries and wages, and the exported raw materials prices. The study clarifies that this company works under the law diminishing returns and the marginal productivity shows a negative value below zero. It also states that the company suffers from the low local demand for its products because of the economic opening to the foreign products without any governmental safeguarding. The results also show the economic inefficiency of the company's production activity in using production elements in an unsuitable way. The study also shows the company's continuous dependence on old technologies and it continues to lose until it reaches 182 million dinars. The study ends with some recommendations including a demand for the governmental intervening to provide a realistic and comprehensive plan to reform the company and treating the reasons which caused that loss including the excessive workers' employment and the use of old technologies by substituting the old technologies with new ones and encouraging the local productions demand by imposing buying the company's products by the general sector.

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