Assessment of the Financial Position and Performance of a Chosen Russian Company Operating in a Porcelain Industry

Veronika Mazanik

Bachelor's thesis

Abstract:

The aim of this thesis is to assess the financial position and performance of “Imperial Porcelain Manufactory” company in the Russian Federation. The company deals with hand-painted ceramics manufacturing. The theoretical part of the thesis focuses on the Russian accounting system and the presentation of the financial statements such as the Balance sheet and the Income statement. The literary review also deals with the characteristics of the selected methods and ratios of financial analysis and with the industry specifics and the development of the porcelain and ceramic industry in Russia. The practical part of the thesis deals with the characterization of the company „Imperial Porcelain Manufactory“ and analyses the financial position (represented by the Balance sheet) and the financial performance (represented by the Income statement) of the company based on the published financial statements and annual reports of the company using the methods of vertical and horizontal analysis and selected ratios of financial analysis for the financial years 2018-2020. The results of the thesis show the most significant factors influencing the profit and the potential financial problems for the company and the industry.

Keywords

financial statements, financial analysis, financial position, balance sheet, assets, liabilities, equity, financial performance, Income statement, expenses, revenues, profit, ceramic and porcelain industry

Language used: English

Date on which the thesis was submitted / produced: 15. 3. 2022

Thesis defence

• Supervisor: Ing. Enikö Lörinczová, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration