Assessment of the financial position and performance of a chosen Russian company operating in the natural gas industry

Roman Mak

Bachelor's thesis

Abstract:

The purpose of the following bachelor thesis is to evaluate the financial position and performance of a Russian company known as Gazprom that operates internationally in the oil and gas industry. This will be accomplished by reviewing the financial statements that a company has provided for a particular chosen time period in order to evaluate and identify changes that have occurred in the company's assets, liabilities, expenses, revenues, and equity. Along with the most significant components and causes that influenced the organization's profit, possible financial concerns that may arise in the future will also be highlighted at some point. The author uses primarily quantitative methods to approach the question of financial situation of Gazprom such as financial ratio analysis, horizontal analysis of financial statements, vertical analysis of financial statement and analysis of market capitalization. Consequently, the author reaches the conclusion that despite the growing number of external challenges and the company's dependence on Russian foreign policy, the company is performing quite well, and it shows good results in terms of its financial position and financial performance. This is despite the fact that the company is economically dependent on Russian foreign policy. The situation with the company’s cashflow is also satisfying, especially considering that the operational cashflow has been positive for the last three years. As it turns out after doing a study of the investment cash flow, the corporation is also investing, in addition to the aforementioned activities. The company is concluded to be possessing enough amount of liquid assets, to be solvent and profitable.

Keywords

financial statements, financial analysis, financial position

Language used: English

Date on which the thesis was submitted / produced: 29. 11. 2022

Thesis defence

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

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration