Lost profits calculations of business entities: features of definition and assessment

Abstract

Russian armed aggression against Ukraine caused significant material losses to the Ukrainian economy: infrastructure disruption, destruction and damage of property of all forms of business ownership. Losses are especially noticeable for small and medium-sized businesses, having high level of risk and income instability due to their high external dependencies. Small and medium-sized businesses, by their very nature, are focused on the available resources, which, in the first place, can be lost or damaged. Small business development, which performs a number of specific socioeconomic functions, is the engine of many world economies. It is extremely important for the reconstruction of the economy of Ukraine in the post-war period. To restore Ukraine, there is a need to assess the losses of business entities, consisting of the cost of property damage and lost profits caused by military operations.