BALANCING AS A STEP TOWARDS BETTER SUCCES S EVALUATION IN FOREST ENTERPRISE

The balancing model presented here deals in particular with the invent ory of standing wood volume including stand regeneration. The remainin g elements of forest enterprise are subject to conventional balancing principles. The balancing approach relates to the commercial parr of f orest enterprise. Parr or total costs for other purposes (e.g. nature conservation and recreation functions) leading to value increment will not be considered here. The individual balances of forest enterprises comprise a natural balance and a related monetary evaluation. State F orestry Administration compiles the individual balances of its part en terprises, i.e. forest districts. To compile the balance only measured quantities from relevant natural inventory results are compared and e valuated. This applies in particular to stocking tree species and area portions. Supplementary interpretations of inadequately measurable or estimable quantities are given in explanatory ''special observations' '. This involves e.g. consideration of locally recorded damage caused by peeling or of risks due to large stocks on problematic sites. For t he monetary evaluation preference is given to a calculation variant re lated to specific items in the inventory. As regards measurable quanti ties the determination of balance-relevant value variations at shorter intervals within the forest valuation period is possible only to a ve ry limited extent. The overall representation of the current forest st ructure according to quantity and quality and its evaluation as ''fixe d assets'', in combination with the total annual revenue of the period under consideration (10 years as a rule) provides a balancing of the essential components of the commercial parr of forest enterprise.