Maintanance and reproduction of fixed assets of agricultural property stocks of the state treasury assets in lease (based on the Poznan regional branch of agricultural property agency of the state treasury in 1995-2002)

As a result of privatization of the state-owned agriculture the substantial and diverse assets were transferred to the Agricultural Property Stock of the State Treasury. The important part of it constituted fixed assets (buildings and structures). The accepted methods of fixed assets depreciation and forms of amortization did not ensure their regeneration (replacement). Particularly, it concerns the leased fixed assets. The Leaseholders were not interested in a regeneration of assets and the owner (State Treasury) provided only a small amount of financial means for this purpose. The survey involved 68 leaseholders using the grounds of 47 900 hectares taken in lease from the Poznan RB of APAST and leasing fixed assets of the initial value of about 317 million zloty. The material involves data of 1807 buildings of the APAST assets from 1995 to 2002. The survey results show that the majority of the fixed assets in lease were in use but they were reproduced to a low degree (the average - 69%) and capital investment constituted about a half of the financial outlay. The rest of it was spent on reconstruction.