The Journal "Agriculture and Forestry"
Časopis "Poljoprivreda i šumarstvo"
- Since 1955 -
Volume 69, Issue 2 (30.06.2023)
| Volume : | 69 |
| Issue : | 2 (30.06.2023) |
| Authors : | Ljiljana KEČA,Bogdan LAČNJEVAC, Milica MARČETA |
| Title : | ANALYSIS OF FINANCIAL REPORTS OF PE |
| Abstract : | Financial reports are a value presentation of the impact of those changes on the financial structure, business success and changes in cash flows of a company. The aim of the research is the financial analysis of the operations of the public enterprise (PE) "NP Fruška Gora". The purpose of the research is to identify problems in business and indicate opportunities for improving the economic efficiency of the business of PE "NP Fruška Gora". The subject of research is balance sheets and profit and loss accounts of company. In the conducted research, the elements of business indicators and business efficiency essential for the analysis of financial indicators of the PE "NP Fruška Gora" were analyzed. Data from the company's balance sheet and income statement were used as material. The following methods were used in the work: a. Financial indicators: liquidity, solvency, indebtedness and b. Performance indicators: productivity, efficiency, profitability. Based on the data from the balance sheet, we can see that the company used funds from credits or loans. By increasing the value of real estate, plant and equipment, and by reducing long-term receivables, the fixed assets of the company also increased, which as of 2018 increasing. The company operated with a business profit for 4 years in a row. In 2014, 2015, 2019, 2021, the company suffered a loss from financing. At no time was the company liquid due to high liabilities. In the period 2014-2021, the company was always solvent. The company needs to improve the labour productivity parameter, which is constantly decreasing. The company generally operates efficient from the point of view of indicators of overall and regular operations, and by observing the indicators of the economy of financing. If all obligations were to be reduced, the indebtedness factor would also be reduced. |
| For citation : | Keča, Lj., Lačnjevac, B., Marčeta, M. (2023). Analysis of financial reports of PE "NP Fruška Gora". Agriculture and Forestry, 69 (2): 131-138. doi:10.17707/AgricultForest.69.2.10 |
| Keywords : | financial indicators, PE “Fruška Gora Natonal Park”, business |
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