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Methods For Evaluating The Effectiveness Of Innovation Processes

Table 3: Comparative analytical evaluation of the effectiveness of an innovative project taking into account the time factor

Parameter 2015 2017 Deviation (+/-)
Capital expenditures for an innovative project ( I e x p ), mln. rub. 1,941.6 2,256.9 +315.3
Revenues (profit) from the innovation project for the implementation period, mln. rub. ( P r ) 295.7 513.7 +218.0
The average annual interest rate on investment loans granted by commercial banks to manufacturing enterprises in the region, % ( C i n f l ) 16.5 12.1 -4.4
Efficiency (profitability) of the innovation project, taking into account the adjustment for the time period ( E f e adj.), % 13.1 20.3 +7.2
The total deviation of the efficiency indicator (profitability) of the innovation project, % +7.2
including due to:the effect of parameter “income (profit) from the innovation project for the implementation period” 22.7%-13.1%=+9.6%
the effect of parameter “average annual interest rate on investment loans on innovations provided by commercial banks to manufacturing enterprises in the region” 23.1%-22.7%=+0.4%
the effect of parameter “capital expenditures on the innovation project” 20.3%-23.1%=-2.8%
Parameter identification +9.6 %+0.4% +(-2.8%)=+7.2
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