The thesis deals with the issue of consolidated financial statement in a selected concern and in its economic appreciation before and after the expansion of the consolidated group. The first part of the thesis includes theoretical knowledge for consolidated financial statement and company value which are applied in second part of the thesis in the estimation of company value and the creation of new consolidated financial statements related to the expansion of the consolidated group. The conclusion of the thesis is dedicted to the comparison of new and old consolidated financial statements.

This thesis contains business valuation of company CHEMOSVIT ENVIRONCHEM, a.s. based on income approach. The first part discusses theoretical concepts and methods of valuation. The second part includes strategic, financial and SWOT analysis, financial plan and income based discounted cash flow valuation. In conclusion, the valuation statement as at 31.4.2011 is reported.

This master's thesis is focused on issue of interdisciplinary subject business valuation. At first is given theoretical knowledge which comprehends essential concepts about business valuation as well as explanation of relevant valuation methods which will be used for the very value estimation. In the second part are executed complex analysis of the company, than are chosen appropriate valuation methods and in conclusion is estimated the final value of the company ZKL Brno, a.s.

The master´s thesis deals with the business valuation of the selected construction company operating in the region of Zlin. The thesis is divided into a theoretical and a practical part. The theoretical one analyses company valuation process and methods used for business valuation. In the practical part, selected methods are used for the construction company valuation. The current market situation is taken into account and comparison with competitors in the Zlin region is processed.

在現今知識經濟的世紀中，智慧資本已成為企業獲取競爭優勢的關鍵要素。 隨著智慧資本愈來愈重要，許多企業也逐漸在年報或其他公開資訊的管道中，揭 露更多有關智慧資本的資訊。透過更多智慧資本資訊的揭露，為企業本身及投資 人、債權人間建立起彼此溝通的橋樑。 綜上所述，智慧資本的報導和揭露顯得日趨重要。相關智慧資本資訊的揭露 能使投資人及相關利害關係人更了解公司發展的潛力及價值。而過去的文獻指出 公司資訊揭露的程度會降低資金成本、提高公司股價、降低分析師盈餘預測誤差 等效益。資訊的揭露可以使投資人修正對公司價值的評價，有提高股票流動率等 效益。因此智慧資本揭露及報導能提昇財務報導的價值攸關性，適當地反應公司 真正的價值。因此，對公司而言應多揭露相關智慧資本資訊，以期為公司帶來相 關的效益。但是，哪些公司特性因素會影響智慧資本揭露程度及其是否會影響智 慧資本揭露程度和其效益間的關聯性亦是值得我們進一步探討。 若能透過一系列的分析，找出公司智慧資本揭露政策不足之處，相信能給公 司適當的建議，以符合市場上的需求，適當地揭露智慧資本，以期反應公司真正 的價值並提高公司價值。 本研究係以我國資訊電子業之上市公司為研究對象，蒐集相關資料以統計分 析方法進行，發現之結果如下： 一、公司智慧資本揭露程度和公司價值呈顯著正相關。 二、「公司規模」、「舉債程度」、「公司年齡」會顯著影響公司智慧資本揭露程度。 三、「公司規模」、「獲利能力」、「公司年齡」、「智慧資本降加價值係數(VAICTM )」 會顯著影響智慧資本揭露程度及公司價值間的關聯性。 / In this knowledge-based economy, intellectual capital is the key factor to help firms get its competitive advantage. As intellectual capital is more and more important, many enterprises gradually disclose IC-related information in annual reports or other ways. With more IC-related information disclosures, it could build a bridge to communicate between enterprises, investors, and creditors. To sum up the above-mentioned, intellectual capital disclosure and report is more and more significant with time. IC-related information discourses can make investors and stakeholders understand the value and potential of the company much more. Prior research indicates disclosing information could reduce the average cost of capital and increase company’s stock value and reduce analyst forecast errors. Information disclosure can make investors revise upward valuations of the company’s stocks and increase stock liquidity. Therefore, for companies, they should disclose IC-related information in order to bring effects. But, which kind of company would affect IC-related information and affect the relation between IC-related information and its effects is also worth to investigate further. If we can find out deficiency of company’s IC-related information with above analysis, it will be believed to give some appropriate suggestions in order to match market’s needs. Disclosing IC-related information is aimed to react the company’s real value. In this study, collecting data and statistics analysis are used. The public firms in the electronic industry are the objects of the thesis. We fund that: 1. There is a positive and significant correlation between IC disclosure and market capitalization. 2. Company size, leverage, and age will affect IC-related information disclosure significantly. 3. Company size, profitability, age, and VAIC TM will affect the relation between IC-related information disclosure and its effects (market capitalization) significantly.

The subject of this master´s thesis is estimation of company value. Theoretical part defines basic concepts such as company, value, categories of value and methods of valuation. Practical part includes estimation of real company value based on valuation of assets and based on the yield method. The practical part also includes analyses of the external and internal environment of the company.

The diploma thesis deals with the issue of determinig the value of the company operating in the automotive industry. The thesis deals with summarizing the theoretical backgrounds, which also explain the methods and procedures that are related to the valuation of economic subjects themselves. The analytical part identifies the company, processes the financial statements and, on the basis of them, creates the prerequisite for a correct numerical representation of the strategic and financial analysis. The valuation itself is part of the final portion, which is based on discounted cash flow and economic value added. Consequently, a summary evaluation of the achieved results for the monitored period 2012 – 2017 is produced.

The master thesis is focused on impact assessment of business share purchase in order to enlarge consolidation group to the concern economical situation. Prior to economical situation evaluation, overall situation of the original concern is thoroughly analysed, value of new subsidiary company is determined, the most suitable consolidation method is chosen and new consolidated financial statement is compiled.

The subject of this master’s thesis is estimation of company value. Theoretical part defines basic concepts such as value, categories of value, company, financial analysis and methods of valuation. The practical part deals with strategic analysis, financial analysis and estimation of real company market value by profit method of discounted cash flow.

The subject of this master‘s thesis is to analyze the value of a company using method called discounted cash flow and economic value added. As for the structure, the thesis is divided in two main parts – theoretical and practical. In the theoretical one the most important concepts, principles and methods are presented. Practical part is focused on analyses, which have to be used as a tool to specify a value of a company. The result of the thesis is the measuring of a company’s value at the date of its valuation.