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ArticleName Disclosure of information on intellectual capital in the mineral mining and processing sector: Importance and recommendations
DOI 10.17580/gzh.2020.05.04
ArticleAuthor Ustinova Ya. I.

Novosibirsk State University of Economics and Management, Novosibirsk, Russia:

Ya. I. Ustinova, Associate Professor, Candidate of Economic Sciences,


To date, the analysis of the content of traditional financial statements in relation to intangible assets forces to recognize its insufficiency to comprehensively reflect the intangible intellectual resources of the company, which requires the provision of additional information to users of the statements. However, the volume, structure, and form of providing this information are subject to serious scientific discussions. The purpose of the work is a comprehensive study of theoretical and practical recommendations for disclosing information on the intellectual capital of a company, corresponding to the information needs of reporting users and determining their favorable perception of the company’s prospects in general. The article substantiates the need to disclose information on the intellectual capital of the company in addition to traditional financial statements in order to provide investors and creditors of the company with the opportunity to adequately assess the financial position of the company and its future development prospects. At the same time, an analysis is given of the work of Russian and foreign scientists studying the problems solved in the report on intellectual capital, its composition and structure, their dependence on the industry sector of the company, its scope and specifics of the activity, as well as the impact of the report on the perception of the company by reporting users. In the course of empirical research, the hypothesis that the growth of intellectual capital in mining companies is closely related to the growth of their capitalization was fully confirmed. The study of empirical materials on foreign mining companies as a whole shows that they reflect less information on intellectual capital in reporting compared to other industrial companies, while recognizing its high importance. In this regard, companies are constantly working to change the current situation. The article formulates recommendations on the content of the report on intellectual capital, which corresponds to the greatest extent to the information needs of the reporting users and determines their favorable perception of the prospects of the company as a whole.

keywords Intra-industry differentiation, intellectual capital, information limitations of traditional financial reporting, information needs of financial statements users, intellectual capital report, development strategy of a company

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