The aim of this master's thesis named Evaluation of company Intersnack a.s. is to estimate market value of the firm as of 31. 12. 2013 for the management needs based on public available data. The thesis written as expert report is divided into several chapters. In the first part are elaborated strategic and financial analyzes. On the results from these two analyzes author should state that company fulfills going-concern principle. Next were prepared value drivers on which base was created financial plan for years 2014 - 2018. For the final evaluation were used yield methods, specifically discounted cash-flow to the firm and economic value added. The result of this master's thesis is estimation of market value of the company in the amount of 3,7 billion CZK.

Fortlevnadsprincipen är en av de grundläggande principerna för upprättandet av en årsredovisning, vilket innebär att företaget förutsätts kunna fortsätta bedriva sin verksamhet under en överskådlig tid. Covid-19 pandemin skapade osäkra marknader, vilket ökade osäkerheten kring den fortsatta driften hos företag. Revisorn har en viktig roll på en osäker marknad för att säkerställa att den finansiella rapporteringen inte innehåller väsentliga fel. I början av revisionsprocessen råder det många orosmoment för revisorn, vilket gör att dessa behöver minskas för att revisorn ska kunna uppnå komfort i sin bedömning av fortlevnadsprincipen. Det blir därmed intressant att utforska om Covid-19 pandemin haft någon inverkan på hur revisorn uppnår komfort. Tidigare studier visar att Covid-19 pandemin hade en inverkan på revisorns arbete, vilket ledde till försämrade möjligheter till en korrekt bedömning av den fortsatta driften. Det finns ingen tidigare studie angående effekten av Covid-19 pandemin vid bedömning av fortlevnadsprincipen med hänseende till revisorns komfortabilitet, vilket är anledningen till studien. En ytterligare anledning till vår studie är att öka revisorernas och intressenternas förståelse för vad som har en inverkan på komfortabiliteten hos revisorer. Syftet med studien är att utforska huruvida effekten av Covid-19 pandemin haft en inverkan på hur revisorn uppnår komfortabilitet i sin bedömning av fortlevnadsprincipen. Studien utgår från komfortteorin och dess tre dimensioner, komfort som lättnad, komfort som tillstånd och komfort som förnyelse. De tre dimensionerna ställs sedan mot studiens empiri för att utforska huruvida effekten av Covid-19 pandemin haft en inverkan på hur komfort uppnås. Empirin har samlats in genom sex semistrukturerade intervjuer, med auktoriserade revisorer.  Studiens slutsats är att effekten av Covid-19 pandemin inte haft någon inverkan på hur revisorn uppnår komfortabilitet vid bedömningen av fortlevnadsprincipen. Erfarenhet inom yrket samt respondenternas kundkännedom är två faktorer vilka bidragit till revisorns komfort. Beroende på om revisorn arbetar på en mindre eller större revisionsbyrå bidrar olika faktorer till revisorns komfortabilitet. På de mindre byråerna är granskningsprogrammet en bidragande faktor till komfort medan det på större byråer nämns, metodik, branschexperter och risk management som bidragande faktorer till att revisorn uppnår komfort. / The going concern principle is one of the fundamental principles for establish the financial statements, which assumes that the company can continue its operations for the foreseeable future. The Covid-19 pandemic created uncertain markets, which increased the uncertainty surrounding the going concern principle of companies. Auditors’ play a crucial role in an uncertain market to ensure that the financial reporting does not contain material misstatements. At the beginning of the audit process there are many concerns for the auditor, which need to be minimized for the auditor to achieve comfort in their assessment of the going concern principle. Therefore it’s interesting to explore whether the Covid-19 pandemic has had any impact on how the auditor achieves comfort. Previous studies show that the Covid-19 pandemic had an impact on the auditors' work, leading to reduced opportunities for an accurate assessment of the going concern. There is no previous study regarding the effect of the Covid-19 pandemic on the assessment of the going concern principle in relation to the auditors' comfort, which is the reason for this study. An additional reason for our study is to enhance the understanding of auditors and stakeholders regarding the factors influencing auditors´comfort.  The purpose of the study is to explore whether the effect of the Covid-19 pandemic has influenced how auditors achieve comfort in their assessment of the going concern principle. The study is based on the comfort theory and its three dimensions, comfort as relief, comfort as state, comfort as renewal. The three dimensions are then compared with the empirical data of the study to explore whether the effect of the Covid-19 pandemic has had an impact on how comfort is achieved. The empirical data has been collected through six semi-structured interviews, with certified auditors. The conclusion of the study is that the effect of the Covid-19 pandemic has not had any impact on how the auditor achieves comfort in assessing the going concern principle. Experience within the profession and the respondents' knowledge of their clients are two factors that have contributed to the auditor's comfort. Depending on whether the auditor works at a smaller or larger audit firm, different factors contribute to the auditor's comfort. In smaller firms the audit program is mentioned as a contributing factor to comfort, while in larger firms, methodology,experts in specific markets and risk management are mentioned as contributing factors to the auditor's achievement of comfort

Master's thesis deals with the consolidation of the financial statements. The thesis is divided into two parts. The first part focuses on the implementation of the consolidated financial statements for the Czech part of the group. The second part analyzes the performance of the consolidated financial statements and the individual companies by financial indicators. The thesis also contains proposals to improve the economic situation of the holding or individual companies.

The thesis assesses market value of company CENTA, spol. s r.o. for strategic decision purposes. The crucial method is income-based valuation method, which is assisted by asset-based valuation method. The first part of the thesis includes strategic, financial and SWOT analysis. Afterwards particular valuation methods are applied. In conclusion statement of value as at 31.12.2006 is reported.