经济增加值考核办法在发电企业中的运用分析

针对国务院国有资产监督管理委员会2009年12月28日颁布的《中央企业负责人经营业绩考核暂行办法》(以下简称第22号令),从经济增加值(economic value added,EVA)的概念和理财观念入手,深入剖析了第22号令中关于EVA的主要内容,结合发电企业所具有的资源密集、技术密集和资本密集等特点,对EVA在发电企业的运用进行了研究。提出以下观点:应设置股本资本成本,控制股权资本规模;将研发费用支出从当期净利润指标中剔除;将项目筹建费用从损益中剔除;将在建工程等非经营性资产从考核中剔除。

Application Analysis of Assessment Means for Economic Value Added in Power Generating Enterprises

According to Chinese Enterprise Temporary Regulations of Performance Evaluation on the Central State Enterprise Legal Person（hereinafter referred to as Article 22） issued by State-owned Assets Supervision and Administration Commission of the State Council on December 28,2009,and starting from the concept and financing ideas of economic value added（EVA）,the major content about EVA in Article 22 is analyzed thoroughly.Combined with the features of power generating enterprise such as intensive resource,technology and capital,the application of EVA in power generating enterprises is studied.Some proposals are offered,which include setting the cost of equity capital,controlling the size of equity capital,removing research and development expenses from current net profit targets,removing project construction cost from the profit and loss,and removing non-operating assets like projects under construction from the assessment.