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The evaliation of investment project – production line for nickel plating
Šmolík, Jiří ; Scholleová, Hana (advisor) ; Habrnal, Marek (referee)
The thesis deals with the evaluation of real investment project of SEVEN-K s.r.o. company which intends to invest in a new production line for nickel plating. Theoretical part of the thesis involves summary of basic analysis, phases of investment decision process, aspects affecting the investment evaluation and dynamic methods of evaluation.Beginning of practical part is an introduction of the analyzed company followed by financial analysis which determines its economic health. After introduction of investment into the new technology of chemical nickel plating including its inputs, the investment evaluating methods are performed. At the end there is a single-factor sensitivity analysis. The goal of the thesis is to provide recommendations to the management of SEVEN-K s.r.o. company in terms of realizing or rejecting the investment.
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Impact of company research on cash flow and stability of enterprises
Maršálková, Hana Magdaléna
One of the best ways to improve innovation potential of companies and whole economy is to search, develop and implement new ideas and technologies into products and services. This can be realized through the licence of patented intellectual property, or through the realization of own research. The aim of the thesis was to assess the impact of the implementation of corporate research and utilization of project subsidies on the stability and CF of the companies, for which an analysis of granted funds for the support of research was performed and the financial situation of companies was assessed through financial analysis. In this thesis three companies different in the size were compared and realized comparative study showed that the effectiveness of own research projects is the best for the small-sized company (with less than 50 employees in the EU terminology of SMEs), where research results are implemented in to the company's products and services. Micro-sized company (with less than 10 employees) can be temporary destabilized by co-financing needs and bureaucratic controls of projects for applied research and technological development. Larger companies (with more than 50 employees), in principle, do not need this kind of support but use it as an employment support, however employees work also for other company's needs. Quite new phenomenon reflecting the need of bureaucratic reporting and uncertain financial control rules of projects is appearing around the Europe, including the Czech Republic, companies realize research and technological development independently on the subsidies, they collect own money and reach results more quickly and effectively. Academic-university sphere is not properly integrated with needs of companies, as the criteria of their evaluation are based on scientometry (Impact factor papers, number of citations on Web of Science, H-index of scientists, or points from Register of Information about Results) which are far away from needs of companies. This is the reason why companies use academic-university sphere for services, but for research purposes companies established own research and development divisions, where topics and aims are driven by real needs and available time, which is not expected from the academic sphere. Projects for scientific research and technological development offered by TACR, MIT (Ministry of Industry and Trade), Horizon 2020 etc. are useful em-ployment support, but frequently slow, bureaucratic and only seldom driven by a real topic, which a company does not want to publish in proposal, because of a competition among companies. The agencies should seriously consider the reporting requirements and bureaucratic ballast, because the statement of companies is, that the projects are nice support of research and development, but slow, stressing and bureaucratic.
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Zhodnocení efektivnosti investice do bioplynové stanice v kontextu jejího dalšího užívání
Trojánková, Aneta
Trojánková A., Assessing the effectiveness of investments in biogas plants in the context of its further use. Bachelor thesis. Brno: Mendel University, 2015. The aim of the bachelor thesis is to evaluate the effectiveness of the investment project which has been conducted by agricultural cooperative Lhota pod Libčany. The investment which will be assessed in the context of this work is biogas plant in the mentioned company. Classification tools will be investment appraisal methods, especially payback period, average return on investment, net present value of investment, internal rate of return, and also profitability index. In conclusion recommendations will be proposed to improve the operational efficiency of the biogas plant for the future.
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The selected investment project effectiveness evaluation
MINARČÍKOVÁ, Jana
The central topic of this bachelor work is The selected investment project effectiveness evaluation. Its main objective is to create a system of economic investment evaluation which will enable to valorize the chosen project efficiency. In the practical part a company Ingersoll-Rand Equipment Manufacturing Czech Republic ltd placed in Kolín investment is inquired. The chosen investment project was introduced and later explored. The cash flow definition was formed and consequently particular coefficients were counted. These taken namely into account were its return on investment period, its net present value and its inner yield percentage. After calculation realization the investment was proved as irrecoverable. The investment realization itself brings discounts therefore an attempt to use tax shield was carried out. After considering the tax influence on the investment the project was characterized as efficient. It has to be taken into account that the mentioned tax shield can be used only in case that the business is profittable. The 2012 profit and loss account shows that the company met the profit condition, therefore the variation including the tax effect may be applied.
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Corporate performance based on monetary indicators
JUNGBAUEROVÁ, Jana
The goal of this research was to evaluate the production and use of cash flow in a particular company for the time period from 2010 to 2012. The first step was compil-ing the cash flow for that period. The value of cash flow was then compared with the results of the current year. Based on the balance sheet, profit and loss statement and cash flow, traditional indicators of financial analysis as well as indicators based on cash flow were constructed and calculated. The practical part of this work shows that although the company was at loss in 2010, there were not any problems related to the lack of finances. In contrast, the company generated profit in 2011-12, however the expenses incurred in operating activities ex-ceeded revenues. The company should therefore focus more on cash management and pay more attention to items of net working capital. Traditional financial indicators evaluate the company as a high quality in terms of timely payment of their debts and its cover by their circulating assets. Financial situation of the company is stable and the company doesn´t have serious problems with the economy and the appreciation of capital.
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Valuation of the company VUIS - CESTY spol. s r.o.
Lipinská, Jana ; Svačina, Pavel (advisor) ; Menčlová, Barbora (referee)
The diploma thesis represents valuation of company which is focused on applied research, certification and testing of road construction material. The goal of the valuation is to estimate the market value of the company, using the methods of DCF Entity and Branch Multipliers. The paper includes strategic and financial analysis, asset allocation into operationally necessary and unnecessary, value generators and financial plan of company. Text is accompanied by clear tables.
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Selected Items from the Firm's Accounting Statements and their Analysis
Štěpánková, Monika ; Zmrhalová, Alena (advisor) ; Stejskalová, Irena (referee)
The theoretical part of the thesis includes the main characteristics of firm's accounting statements and the use of information from accounting statemensts. In the chapter called "The use of information from the accounting statements" is also availability, reliability, intelligibility and comparability of data. The last part of the theoretical thesis are the time limits of publication data. The practical part of the thesis includes the main characteristics of the H. S. O. stavební a obchodní spol. s r. o. and the firm's accounting statements. Next chapter consists of the analysis of costs, revenues and income statement in the time series (the analyse of income statement summarizes costs and revenues). The time series is from 2005 to 2007. The last part of the thesis includes the cash flow analyse in the time series.
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Project financing of commercial real estate
Kubík, Ondřej ; Jurečka, Jan (advisor) ; Sklenka, Jakub (referee)
The theoretical part of this thesis deals with history and principles of project finance. It defines participants of the process as well. It explains project development and management. The analytical part describes a particular structure of project financing at a project of development of a commercial real estate. It advises of main issues which this type of financing can brings around. Therefore it provides recommendations and motifs for changes in order to achieve higher economical outcomes and to minimize financial risk of investors and creditors. Moreover it mentions necessary project and financial contractual arrangements which are to be concluded in the system of project finance. The conclusion of this thesis reflects stated goals from the introduction and gives key recommendations to investors for the future projects.
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