Financial Statements of Winerytikvesh
uNIVERSITY aMERICAN COLLeGE sKOPJE | Analysis of the Financial Statements of Winery “Tikves” | Instructor: | | Student: | 3/13/2012 |
Table of Contents:
Introduction…………………………………………………………………………………….3
ANALYSIS OF THE FINANCIAL STATEMENT OF WINERY “TIKVESH”…………......5
Conclusion....................................................................................................................................7
References………………………………………………………………………………………..8
Introduction
VV “Tikves” AD Skopje is a wine producing company. The company is the largest winery in Macedonia, widespread on an area 100 000 m2. VV “Tikves” annually processes about 30 000 tons of grapes, produces 24 different types of wine, and sells products in Macedonia and more than 15 foreign countries.
The very first wine under the “Tikves” label is produced at 1912 and since then, “Tikves” start with cooperation with Greek spirits company ”Metaxa” and “Tikves” is licensed to produce under their label.
In 2003 the winery is purchased by the company “M6 Partners” who began investing and upgrading the facilities.
Financial decisions or decisions for budgeting are professional and competent decisions regarding the structure of sources for financing, in order to achieve optimal solutions “Tikves” working is organized through the following units:
The basic financial statements such as the balance sheet, income statement, cash flow report and statement of changes in equity, are extremely important source of information for a manager.
These reports gave sublimated accounting changes over one year, or reflect the situation at a given moment. The analysis of financial condition of “Tikves” is doing by examining the constitution elements from separate areas and reflects financial condition of the company. 1. Is the winery “Tikves” liquid? 2. What efficiency, how attractive “Tikves” uses the available funds? 3. How much the winey “Tikves” is charged and what
Table of Contents:
Introduction…………………………………………………………………………………….3
ANALYSIS OF THE FINANCIAL STATEMENT OF WINERY “TIKVESH”…………......5
Conclusion....................................................................................................................................7
References………………………………………………………………………………………..8
Introduction
VV “Tikves” AD Skopje is a wine producing company. The company is the largest winery in Macedonia, widespread on an area 100 000 m2. VV “Tikves” annually processes about 30 000 tons of grapes, produces 24 different types of wine, and sells products in Macedonia and more than 15 foreign countries.
The very first wine under the “Tikves” label is produced at 1912 and since then, “Tikves” start with cooperation with Greek spirits company ”Metaxa” and “Tikves” is licensed to produce under their label.
In 2003 the winery is purchased by the company “M6 Partners” who began investing and upgrading the facilities.
Financial decisions or decisions for budgeting are professional and competent decisions regarding the structure of sources for financing, in order to achieve optimal solutions “Tikves” working is organized through the following units:
The basic financial statements such as the balance sheet, income statement, cash flow report and statement of changes in equity, are extremely important source of information for a manager.
These reports gave sublimated accounting changes over one year, or reflect the situation at a given moment. The analysis of financial condition of “Tikves” is doing by examining the constitution elements from separate areas and reflects financial condition of the company. 1. Is the winery “Tikves” liquid? 2. What efficiency, how attractive “Tikves” uses the available funds? 3. How much the winey “Tikves” is charged and what
References: 1. http://www.tikves.com.mk. 2. A. S. “ Financial Management” – Faculty of economics Skopje, 2008 3. Fundamentals of corporate finance