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Determination of the value of the company Pivovar Svijany, a.s.
Kmoníček, Petr ; Heřman, Jan (advisor) ; Zeman, Karel (referee)
This master's thesis describes an introduction to business valuation, the process of strategic and financial analysis and some methods for determining the value of the company in its theoretical part. The goal of this thesis is the business valuation of the Pivovar Svijany, a.s. as of December 1, 2011. Strategic and financial analyses of the company were worked out in order to determine the value of the company. Quantification of value generators and financial plan processing are the basis of the valuation itself. The income-based methods, used in this work, are DCF in the modification FCFF, FCFE and EVA. The book value method is being added as a comparison to income methods. Resulting findings had confirmed a good financial position of the brewery. The value of Pivovar Svijany, a.s. calculated by using the two-stage FCFF method was 3 781 125 000, - CZK as of December 1, 2011.
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The valuation of the company Budějovický Budvar, n. p.
Brabec, Martin ; Hnilica, Jiří (advisor) ; Smrčka, Luboš (referee)
The aim of this diploma thesis is to estimate the market value of the company Budějovický Budvar, n. p. on the date 3. 1. 2011 for owner use. This thesis is composed of two parts. The first part is focused on theoretical basis for evaluation. The second part consists of company introduction, brief historical and present situation in the company and the Czech beer market, and strategic analysis where the market potential of the company is analysed. Other parts are financial analysis and financial plan for the period 2010-2014. Evaluation of the company is base on Free Cash Flow to the Firm and Sector Multipliers methods. As a consequence of all these data there is a market value estimation of the company Budějovický Budvar, n. p.
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Valuation of the company VETROPACK MORAVIA GLASS, a.s.
Wagner, Jiří ; Scholleová, Hana (advisor) ; Smrčka, Luboš (referee)
The aim of this thesis is to estimate the market value of the company VETROPACK MORAVIA GLASS, a.s. on the date 31st March 2011 in order to eventual sale to an unknown buyer, using earnings valuation method. Within the frame of this valuation there is also presented the company and its history, realized the strategic analysis and the financial analysis and created the financial plan.
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Identifying Value in Mergers and Acquisitions
Neue, Julia ; Mařík, Miloš (advisor) ; Poborský, František (referee)
The thesis is aiming to analyze the method of value creation in mergers and acquisitions. The introductory chapter includes a general classification and framework for terms like value; synergies; and basic valuation models. The following chapter introduces valuation models which are more oriented towards shareholder value, generally speaking, frameworks introduced by Value Based Management: Economic Value Added, Economic Profit or Cash Value Added. Economic Value Added is described through three adjusted EVA models in the next chapter: (1) The impact of MVA on the negotiation position of parties in M&A, (2) EVA Style of Investing model, which is applied as a screening tool for value creators, (3) EVA Momentum model. In the closing chapter all three models are applied and conclusions and recommendations are drawn. The three models enable us for example to identify industries worth investing in or to understand how specific companies create value and how to set up an optimal price negotiation strategy.
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Valuation of the enterprise ZAPA beton a.s.
Zapletal, Tomáš ; Kislingerová, Eva (advisor) ; Kotáb, Jiří (referee)
The aim of this Master's thesis was to find out enterprise value dated 1.1. 2011, characterise risk connected with this value, for example as a variability of possible results and to judge how the enterprise was affected by the economic crises. I used method discounted cash flow in variant FCFF to calculate enterprise value. I used regression analysis as the basic method to predict the most significant value generator, sales, then I adjusted the results according to the predictions published in qualitative studies of the Czech building industry. The demand for enterprise production was reduced as a result of the economic crises; it enforced production reduction and led to decline in sales and profit in years 2009 and 2010, deteriorating of rentability indicators and long-term assets turnover. I found out the enterprise value with the help of software Crystal Ball also by the stochastic model. In this case I regarded the factors influencing the enterprise value as random quantities. Variability of the possible results ranges between upper and lower limit, i.e. between 1,8 and 3,2 billion crowns.
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Ubiquitous computing with focus on banking and insurance industry
Matuštík, Ondřej ; Toman, Prokop (advisor) ; Hřebíček, Jiří (referee) ; Skrbek, Jan (referee)
This dissertation thesis is focused on the issue of further extension of computers into the human life and its stronger influencing of human being, in the foreign literature defined as ubiquitous computing, everyware or pervasive computing. The basic goals of the thesis are follows: - Compare different views on this issues and make their assessment - Analyze possible effect, especially for banking and insurance area - Propose some specific innovation in named areas The results of this thesis should: - Serve as a basis for further studies in the ubiquitous computing area - Be usable as a basis for further scientific research - Bring some practical application, with which can we met in practice in future years Whole work place emphasis on the innovation process, with which is topic very closely linked and which is constantly emphasizing both in technical as in commercial spheres. The goals of the thesis are fulfilled in the individual chapters in the following way: - Definition of the goals and introduction of the topic -- Chapter 1 - Analysis of current status of knowledge -- Chapter 2 - Brief characteristic of main UC concepts -- Chapter 3 - Practical experience and innovation from UC -- Chapter 4 - Final evaluation -- Chapter 5 The scientific benefits of this work have been awarded by presentation of main parts of the thesis on international conferences and publication in the scientific magazines.
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The effekt of accreditation on the quality of health care providet in selected medical facilites.
SOMROVÁ, Jana
The quality of nursing care is becoming an increasingly important concept in contemporary nursing. The most effective means of achieving quality of nursing care and the means of proof is the accreditation of medical facilities. It is a significant appreciation of professionalism, the work of health professionals and an important signal for the patients. Quality of care, security of supply and preventing potential risks for health care priority. The main aim of the thesis "The influence of accreditation on quality of care in selected health facilities" was to map the set of quality management and impact monitoring and evaluation of quality indicators in hospitals accredited by the Czech Republic. To determine whether accreditation has become an instrument to ensure comparable quality, and time has changed from an unpopular instrument into an instrument for continuous quality improvement. The survey took place from November 2010 to March 2011 in the form of quantitative data collection using an anonymous questionnaire survey in selected hospitals accredited by the Czech Republic. In the research study were asked managers of nursing care, main, upper station and sisters. The thesis has been established 6 goals. The first objective was to determine what indicators of quality nursing care in accredited hospitals pursue. Interested in us as quality indicators that were studied before accreditation, and quality indicators to setting up medical facilities in preparation for accreditation. The second objective was determine how frequently watched indicator of quality is monitored in hospital. The third objective was to determine whether there was in accredited hospitals to reduce adverse events - falls. The fourth objective was to determine whether there was in accredited hospitals to reduce the incidence of nosocomial infections in complying with barrier nursing regime. The fifth objective was to identify the biggest problems arose during the implementation of audits, completeness and comprehensiveness of nursing documentation management into practice. " The sixth objective was to determine whether there was during the preparation of an increase in hospital nursing staff. The thesis then was examined six hypotheses. First hypothesis Accredited hospitals monitor the quality of care provided by at least ten quality indicators - were confirmed. Hypothesis 2 The most frequently monitored indicator of the quality of nursing care, the prevalence of pressure ulcers - was confirmed. All respondents said they monitor the prevalence of pressure ulcers as an indicator of quality nursing care. Hypothesis 3 gaining accreditation to reduce the incidence of falls - was confirmed. Hypothesis 4 obtaining accreditation decreased nosocomial infections - was confirmed. Hypothesis 5 The biggest problem in implementing the audit, management complexity and completeness of nursing documentation in practice "has been an increase in paperwork for nursing staff - were confirmed. Hypothesis 6 During the preparation for accreditation has been an increase in nursing staff - has not been confirmed. Accreditation is perceived by respondents as beneficial for the hospital. Due to accreditation standards and developing quality indicators were identified risk areas in the provision of hospital care and detail can be paid to the prevention of adverse events, nosocomial infections and other risks. The results of work will be to provide medical facilities where the research was conducted investigation, the presentation of the research will be presented at a conference, the South Bohemian nursing days "and also gives the United Accreditation Commission of the Czech Republic as a presentation at the conference to be held early next year (spring ) 2012th Nursing standards were created.
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The burn-out syndrom - educational model of health prophylaxis
RŮŽIČKOVÁ, Karolína
The bachelor thesis was focused on finding degree of disability stress and burn-out of pedagogical proffesionals. Research survey was realized on 32 male modele-aged pedagogical proffesionals from basic and high schools. These results were extended with 17 absolvents (2 males, 15 females) of project PACZion, which is focused on preventive and intervening health precautions for Bavarian and Czech teachers. Results said that the main teacher problem was physical exhaustion and lack of appreciation and awards for their work, on the other side thein answers said clearly, that they have no doubt about their professional abilities and schoul problems don´t disturb their private relationships. A theoretical part of my thesis is about data collection, clarification of basic terms from sphere of burn-out syndrom and stress as a root cause and prevention methods in pedagogical proffesion of male middle-aged pedagogical proffesionals. Conclusions and recommendations for health education practice in burn-out syndrom prevention, which this thesis was supposed to put forward, consist, according to literature, in healthy life-style, which includes regular physical activity, healthy diet and relaxation. In burn-out prevention is very important separating work and personal life, having good social support and sense of humor and top view to work.
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Merits of selected natural resource and its region development influence
VOŘÍŠKOVÁ, Alena
The topic of this thesis is the value of a selected natural resource and its influence on the region{\crq}s development. This thesis has been divided in two parts. The first part is theoretical and it defines natural resources and their evaluation. The theoretical part is concluded by information about regional politics and development. The practical part of this thesis consists of two areas. In the first one, I characterize South Bohemian region as well as Lipno reservoir. In the second one, I deal with the land prices in Lipno area and compare them to the land prices in the area around Orlik reservoir. The amount of the prices indicates differences in holiday resort values of these reservoirs and their contribution to the region{\crq}s development. The main goal of this work is to analyze, on the basis of natural resources{\crq} evaluation, the relationship between the natural resource value and economic development of the selected area of the South Bohemian region. Another significant goal is an elaboration of a survey of methods used in natural resources{\crq} evaluation, from the perspective of nonmarketable resources{\crq} evaluation as well as evaluation of any inmovable object that satisfies people{\crq}s needs. An important aim of the practical part of this thesis is a land price analysis of Lipno reservoir area. The last goal I have proposed to me is to compare the land prices around Lipno reservoir to those of Orlik reservoir. The value of an natural resource can be expressed in different ways, for example, in how much people, who use that holiday resort, esteem it. Considering the topic of my thesis, I have chosen an evaluation according to land prices. If a natural resource is valuable, then its value will be reflected in people{\crq}s willingness to pay for the possibility of living in its nearness. This is also obvious with Lipno reservoir, as the land prices there are much higher than the land prices in any other holiday resort situated near a water reservoir. Nevertheless, even here we can still find places, that have not been fully developped yet and which offer possibities of exploitation. Considering the above-mentioned findings and examples, it is obvious that Lipno water reservoir not only provides the South Bohemian region with incomes from tourisms but it also has a movable value of an ascending tendency. Despite its invaried long-time exploitation potential, its holiday resort function has caused recently, that Lipno area is being valued more and more. This tendency is reflected in the increasing prices of building estates near the reservoir, which indicates people{\crq}s willingness to pay more and more for a valuable holiday resource.
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