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Evaluation of the Financing Fixed Assets Method
HRDLIČKOVÁ, Michala
This bachelor thesis deals with the selection of the optimal way of financing the acquisition of fixed assets of a company with regard to costs, availability, risks and tax aspects. For fixed assets, it is necessary to take into account the financial situation of the company and make a decision based on the facts found. Therefore, the aim of this bachelor thesis is to find the most advantageous way of financing newly acquired fixed assets from the point of view of Autodoprava Nemrava, s. r. o., which prefers financing by means of credit or financial leasing. The company plans to purchase a Man TGX18510 tractor. The reason for the purchase is to expand the fleet and increase competitiveness. The paper is based on internal data provided by the selected company and on financing offers provided by selected financial institutions. For each of the loan and finance lease offers, their administrative complexity, repayment sum, tax saving, net expenditure and net discounted expenditure are determined. The net discounted expenditure is also the main criterion for selecting the best financing offer. The offer representing the lowest net discounted costs will therefore be selected for the financing of the tractor unit in question.
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preparation and evaluation of economic efficiency of selected investment project
Valášková, Petra ; Hrdý, Milan (advisor) ; Pražák, Jiří (referee)
The main goal of this study is to show a preparation of an investment project aimed on heating in a concrete company and to evaluate an economic effectiveness of the individual possible variants of the project. The project is unique due to particular financing from European union's grants and due to a goal of the company to meet new emission norm. The study is divided to three parts. In the first part, a theoretical one, is described a preparation of the project and an administration process of providing the grand from European Union funds. The second chapter deals with identification of the concrete investment project and the conditions of its evaluation. Moreover, important information about investor and circumstances of the investment project realization are discussed in this chapter. Finally, the process of the concrete grant approval is analyzed. The third part evaluates economic effectiveness according to cost measures and to net present value of the individual project variants. Because of a different lifespan of project variants the cost annual equivalent and the annuity equivalent has to be used. The results of cost measures and net present value are different. This pointes to the difference between cost only view and complex cash flow view. The final overall evaluation takes into consideration the ecologic part of the project. The final resolution has to make a compromise between various measurements. The study evaluates a real project. Therefore, the data are also based on reality.
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