Assessment of the Financial Position and Performance of a Choosen Russian Company

Grigorii Rotar

Bachelor's thesis

Abstract:

This bachelor thesis deals with the assessment of financial position and performance of a chosen Russian company, NOVATEK, which produces natural gas. The theoretical background of the thesis monitors the accounting framework in Russia and the presentation of financial statements for big companies which has to prepare their financial statements according to the international financial reporting standards IAS/IFRS. The literary review also deals with the characteristics of selected ratios of financial analysis and the industry specifics of oil and gas production in Russia. The practical part analyses the financial position (represented by the Balance sheet) and the financial performance (represented by the Statement of profit or loss) of the company by using vertical and horizontal analysis of these statements covering financial years 2015-2019 with the focus on the representation and changes of the reported assets, liabilities, expenses, revenues and profit for the chosen period in order to identify the potential financial problems and the most significant factors influencing the profit.

Keywords

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

Language used: English

Date on which the thesis was submitted / produced: 27. 11. 2020

Thesis defence

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

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / field:
Economics Policy and Administration / Business Administration