| Abstract [eng] |
The aim of the Master thesis is to analyse external and internal factors influencing profit (loss) of Žemaitijos pienas, AB and Pieno žvaigždės, AB and assess their impact to the changes of profit before taxes in the sector of milk processing companies by virtue of summarized review of assessment of internal and external factors influencing profit (loss) and economic analysis. In the conceptual part of the thesis, essence of yield is discussed and relative profitability ratios are described by estimating ratios of the analysed companies and by comparing them to each other and the ratios of other milk processing companies operating in the country. According to the analysis of scientific literature, contents of financial and management analysis are excluded, methods of analysis are summarized as well as its necessity to company’s performance promotion. In the analytical part of the thesis, companies’ performance is reviewed, financial statements of year 2009-2013 of Žemaitijos pienas, AB and Pieno žvaigždės, AB are analysed. Changes in number of employees, salary and social insurance expenditure, sales revenue, other operating income and financial performance final result, reserves, cost of sales, sales and administrative expense are revealed by dynamical analysis. Structure of reserves, assets, equity and liabilities is revealed by structural analysis. In the constructive part of the thesis, mathematical model of profit influencing factors assessment is constructed and examined. Quarterly data of the companies is used for the analysis. Multiple linear regression – correlation model is developed to assess strength of the relationship between changes of profit before taxes and changes of internal and external factors, which revealed that assessment of sales revenue and cost of sales is not sufficient to estimate changes of profit before taxes. Changes of profit before taxes are influenced by many other factors. |
