Analysis of Crisis Factors and Risk Assessment Using the Example of the JSC “Kyrgyztelecom” Regional Branch (ZOF JSC “Kyrgyztelecom”)

Abstract

The article provides a comprehensive assessment of crisis factors and risks of the Jalal-Abad Regional Branch (ZOF) of Kyrgyztelecom OJSC based on the analysis of financial statements, audit reports, and the socio-economic environment of the Jalal-Abad region. The study reveals that the main signs of crisis are driven by a persistent deterioration in operational performance, a transition from positive operating results to significant losses despite revenue growth, and a structural inefficiency of the business model. The high dependence of the company’s final financial result on non-operating income increases its vulnerability to external fluctuations. Special attention is paid to accounting and audit risks related to the valuation of inventories, fixed assets, construction in progress, and settlements with counterparties, which reduce the reliability of financial information and complicate managerial decision-making. External factors such as regional socio-economic conditions, inflationary pressure, poverty levels, and competitive intensity in the telecommunications market are also analyzed. In addition, project-related and organizational risks associated with digital infrastructure projects and potential restructuring of the branch network are examined. The study concludes that the crisis situation is systemic in nature and requires strategic anti-crisis measures rather than isolated improvements.