The aim of this thesis is perform financial analysis of KUPÁLA spol. s r.o. within four-year period from 2010 to 2013. First, the various methods of financial analysis are theoretically described, including value and bankruptcy models and economic value added. Then the described methods are applied to a particular company. Selected resulting values are compared with average values in the sector each year. In conclusion of this thesis is the evaluation of the analysis and draw conclusion about the company's financial situation.

This master thesis follows two main objectives. The first aim is to evaluate corporate performance of L'Oréal using one of the modern methods of corporate analysis -- economic value added (EVA). The theoretical part is focused on description of the method and construction its calculation. In the practical part, calculation is made and results of the method EVA are being discussed. The next part of the thesis focuses on controlling. The second objective is an assessment of simulation Monte Carlo for its use in cost planning process at L'Oréal. At the close of the thesis, all findings from the practical part are summarized.

Presented diploma thesis compares financial performance of a selected company with the financial performance reached in a given industrial sector. INFA criteria are used for the evaluation of the company and of its performance. INFA is a system of pyramidal decomposition of economic value added. The sector database of the Ministry of Industry and Trade of the Czech Republic was used for the referential analysis. The thesis consists of two parts. The first part defines financial analysis, economic value added and INFA criterion system from a theoretical point of view. The second part applies INFA on the specific company. The values of company indicators determined by this method are then compared with average values in the sector. Discrepancies are discussed and elucidated. The final chapter evaluates advantages and disadvantages of the used benchmarking model.

The object of thesis is to analyze a financial standing of REHAU, Ltd. in years 2007 - 2010 by using methods of financial analysis. Description of these suitable methods for finding the financial situation of REHAU, Ltd. The chosen methods are applied to REHAU, Ltd. in practical part of thesis. Of the outputs of analysis is made a conclussion about the financial situation of REHAU, Ltd. in years 2007 - 2010 by using indicators of financial analysis.

The aim of this master's thesis is to design methodics for measuring contribution of subsidiaries on economic value added EVA. The next objective is a design of reporting of subsidiaries. The report is in the form of a dashboard to the Chief Financial Officer. The dashboard consists of Financial Performance Indicators FPIs and Key Performance Indicators KPIs. The design is created on the base of financial analysis, analysis of the Economic Value Added EVA and according to recommendations of Business Performance Management, which describes what is best way to obtain KPIs.

The first part of the diploma thesis focuses on the theoretical basis and methodology of chosen instruments of the financial analysis. In its second part, the companies are introduced and then the instruments of the financial analysis are applied. In the final part, the results are summed up and recommendations are provided. The financial analysis is made mainly for the use of the company management, but does not exclude its use by the external users. The aim of the diploma thesis is to analyze the economic activities of the companies Esonic a.s., GEA Process Engineering s.r.o. and ATE, spol. s r.o., based on the chosen features of the financial analysis from 2006 to 2011. Next aim is to compare the achieved results of the features between the competing companies, followed by recommendations made for the company managements in order to enhance the effectiveness of economic activity in the coming years.

This diploma thesis deals with economic performance appraisal of Aeroservis, s.r.o. It analyses the company’s developement in years 2006 – 2009 by the traditional financial indicators and the modern method of economic value added. Based on recognized facts I suggest measures that will help in performance increase of this company.

This diploma thesis deals with economic performance appraisal of ZFP akademie, a. s. It analyses the company’s developement in years 2006 – 2009 by the traditional financial indicators and the modern method of economic value added. Based on recognized facts I suggest measures that will help in performance increase of this company.

<p>Istraživanje faune insekata opra&scaron;ivača(Hymenoptera: Apoidea i Diptera: Syrphidae) u<br />Vojvodini je rezultiralo registrovanjem 238 vrsta iz 7 familija na četiri tipa zemlji&scaron;nog<br />pokrivača klasifikovanih po CORINE nomenklaturi&nbsp; (2.1.1.&nbsp; -&nbsp; Nenavodnjavan oobradivo zemlji&scaron;te, 2.4.3.&nbsp; -&nbsp; Pretežno poljoprivredna zemlji&scaron;ta sa većim područjima prirodne vegetacije,&nbsp; 3.1.1.&nbsp; -&nbsp; Listopadne &scaron;ume&nbsp; i 3.2.1. - Prirodni travnjaci). Po broju&nbsp; zabeleženih vrsta izdvaja se pokrivač&nbsp; Listopadne &scaron;ume (158).&nbsp; Na prirdonim&nbsp; travnjacima nađeno je 124 vrste, na poluprirodnim stani&scaron;tima 62 i najmanji broj vrsta registrovan je na poljoprivrednim područjima (8).&nbsp; Nova&nbsp; vrsta&nbsp; za&nbsp; nauku&nbsp;<em> Eumerus pannonicus</em>&nbsp; sp.&nbsp; nov.&nbsp; Ricarte,&nbsp; Vujić&nbsp; i Radenković,&nbsp; zabeležena&nbsp; je&nbsp; na&nbsp; lokalitetu Pa&scaron;njaci velike droplje u okviru klase 3.2.1.</p><p>Shannon-ov indeks diverziteta je najveći za Listopadne &scaron;ume (3,385). Za Prirodne travnjake indeks diverziteta je 3,022. Vrednost indeksa za poluprirdona stani&scaron;ta je 2.431, dok je za poljoprivredna područja najmanji (0.765). Shannon-ov indeks diverziteta je računat i za svaki lokalitet&nbsp;&nbsp; posebno.</p><p>Prema&nbsp; Jaccard-ovom&nbsp; koeficijentu&nbsp; sličnosti,najsličnije&nbsp; su&nbsp; faune&nbsp; Slanog&nbsp; Kopova&nbsp; i&nbsp; Pa&scaron;njaka velike&nbsp; droplje&nbsp; (32,7%). Najmanju sličnost pokazala je fauna lokaliteta Đurđevo u kombinaciji sa faunama Fru&scaron;ke gore, Vr&scaron;ačkih planina I, Okanj bare i Vr&scaron;ačkih planina II, gde su svi koeficijenti imali vrednost ispod 4%.</p><p>Na&nbsp; području&nbsp; Vojvodine&nbsp; tri&nbsp; nađene&nbsp; vrste&nbsp; iz&nbsp; reda Hymenoptera&nbsp; uvr&scaron;tene&nbsp; su&nbsp; na&nbsp; IUCN-ovu&nbsp; crvenu listu. Prema nacionalnom Pravilniku o progla&scaron;enju i za&scaron;titi strogo za&scaron;tićenih i za&scaron;tićenih divljih vrsta biljaka, životinja i gljiva, iz kategorije strogo za&scaron;tićenih vrsta nađena je jedna, a od za&scaron;tićenih vrsta nađene su dve osolike muve.</p><p>RDA&nbsp; analizom&nbsp; pokazano&nbsp; je&nbsp; da&nbsp; su&nbsp;&nbsp; statistički značajne&nbsp; sve&nbsp; ispitivane&nbsp; varijable:&nbsp; ko&scaron;enje,&nbsp; UOP(udaljenost&nbsp; od&nbsp; poljoprivrednih&nbsp; područja),nadmorska visina i ispa&scaron;a.</p><p>Ekonomska vrednost ekosistemske usluge polinacije procenjena za period od 2009-2014.godine pokazuje rastući trend. Vrednost polinacije tokom&nbsp; godina rasla je sa 110,5miliona EUR u 2009. godini do 203,7 miliona EUR u 2014.</p> / <p>Research of pollinators fauna&nbsp; (Hymenoptera: Apoidea i Diptera: Syrphidae) in&nbsp; Vojvodina results in a finding of 238 species within 7 families on 4 CORINE land&nbsp; cover habitat types (2.1.1.&nbsp; -&nbsp; Non-irrigated arable&nbsp; land, 2.4.3.&nbsp; -&nbsp; Land principally occupied by agriculture, with significant areas of natural vegetation, 3.1.1. &nbsp;- Broad- leaved forest and 3.2.1.&nbsp; -&nbsp; Natural grasslands). The highest number of species has been recorded on class Broad-leaved forest (158). On class Natural grasslands were found 124 species, on the seminatural habitats 62 species and the lowest&nbsp; number was registered on arable&nbsp; land (8). New species for science Eumerus&nbsp; pannonicus&nbsp; sp.nov.&nbsp; Ricarte,&nbsp; Vujić&nbsp; i Radenković has been recorded in locality Pa&scaron;njaci velike droplje within the class 3.2.1.</p><p>Broad-leaved forest class have&nbsp; the highest values for the scored&nbsp; diversity index (3,385), followed by&nbsp; Natural grasslands (3,022) and saminatural habitats (2,431). Arable land class have&nbsp; the lowest diversity values, only 0,765. The Shannon diversity index is calculated for each locality.</p><p>According to Jaccard similarity coefficient, Slano Kopovo and Pa&scaron;njaci Velike Droplje have shown to be most similar faunistically (32,7%). The fauna of Djurdjevo had the lowest similarity value comparing to faunas of Fruska gora, Vrsacke planine I, Okanj bara and Vrsacke planine II, where all the coefficients were below 4%.</p><p>Two of the 238&nbsp; recorded bee species in Vojvodina are included in the IUCN red list. Acording to Serbian&nbsp; regulatory&nbsp; act&nbsp; &bdquo;Regulation on the promulgation and protection of the protected and strictly protected wild species of plants,&nbsp; animals and fungi&ldquo; one&nbsp; Syrphidae species&nbsp; is catalogued as a Strictly Protected,while two found hoverflie species are Protected. RDA analysis has demonstrated that all the environmental variables used for the analysis are of statistical significance: mowing, UOP(distance from the agricultural area), elevation and grazing intensity.</p><p>Economic value of insect pollination was estimated for&nbsp; a length of&nbsp; time 2009.-2014., and displays&nbsp; an&nbsp; increasing&nbsp; trend.The value of pollination&nbsp; has increased&nbsp; over these years, starting with 110,5 millions of EUR in 2009., up to 203,7 millions of EUR in 2014.</p>

The research will compare the alignment of the remuneration between United States and South African banks with respect to the Economic Value Added, a measure of a firm's economic profit that adjusts profit by subtracting the cost of capital.South African banks have been widely recognised for their high standard of corporate governance and stability during the financial crisis. Executive remuneration based on short-term equity has been recognised by both academic literature as well as bank regulators as one of the causes of the financial crisis. The research seeks to understand the differences in remuneration alignment between the failed and surviving banks.Misaligned incentives within the United States banks are accepted by both academics and regulators as one of the causes of the 2008 financial crisis and subsequent economic downturn. This research puts this theory to the test by comparing the alignment of executive remuneration between South African banks that were internationally recognised for successfully navigating the financial crisis, and the largest United States banks, of which three failed catastrophically over the same time period.The remuneration for the largest United States and South African banks is tested for correlation against Economic Value Added (EVA®), share price and return on equity. Correlation between executive remuneration and the constructs is tested between the two countries before as well as after the financial crisis.South African bank executive remuneration correlated strongly with EVA® and this correlation strengthened after the financial crisis. In comparison, the United States sample banks exhibited strong correlation between share price and remuneration before the financial crisis. The failed United States banks had no correlations between executive remuneration any of the constructs, a pattern that has been repeated in the United States Banks that have survived the financial crisis.Practically, the research demonstrated the vast differences in executive remuneration alignment between the United States and South Africa. In South African banks, executive remuneration is far more closely aligned to EVA®, whereas the United States banks only correlated with share price before the financial crisis, raising the question of whether managers are able to exert excessive power. The research demonstrates the magnitude of the gap between the recommendations of regulators and remuneration policies, with South African banks far more closely aligned than their United States counterparts.The research findings concur with theory presented in literature that misaligned incentives based on equity contributed towards the financial crisis. Of particular concern is the change in remuneration correlation after the financial crisis, where South African banks increased correlation with EVA® while United States banks no longer correlated with EVA®, ROE or share price. / Dissertation (MBA)--University of Pretoria, 2012. / Gordon Institute of Business Science (GIBS) / unrestricted