The Future of Ele
Analyzing deeper we find the balance increased paydays which may be due to difficulties in the market and the need for the company to give more trade deadline in order to grow sales simply that there is no proper organization within society and are claiming little and bad customer balances . Perhaps the company is more concerned with cost containment in claim balances clients .
There is also a significant increase in stock in stock . This growth may be due to its own sales growth leading to a need to acquire more raw materials to maintain customer service in terms of deadlines and the purchasing manager is making bad management.
A significant finding is that growth stocks much higher sales growth , which will mean a huge financial sacrifice to finance these purchases may even be greater than the profit earned by the company in rebates for volume purchases. These difficulties are such that the company has difficulties to take advantage of early payment discounts .
For analysis of the accounts payable , after being systematically growing from 2002 to 2003 , we are in 2004 with a reduction on paydays . This may be due to the need not look bad suppliers continue to take advantage of discounts for volume purchases and perhaps an attempt to reach again the old prompt payment discounts , knowing Mark your competitive advantage revolves around a competitive sale prices based on purchases at
Analyzing deeper we find the balance increased paydays which may be due to difficulties in the market and the need for the company to give more trade deadline in order to grow sales simply that there is no proper organization within society and are claiming little and bad customer balances . Perhaps the company is more concerned with cost containment in claim balances clients .
There is also a significant increase in stock in stock . This growth may be due to its own sales growth leading to a need to acquire more raw materials to maintain customer service in terms of deadlines and the purchasing manager is making bad management.
A significant finding is that growth stocks much higher sales growth , which will mean a huge financial sacrifice to finance these purchases may even be greater than the profit earned by the company in rebates for volume purchases. These difficulties are such that the company has difficulties to take advantage of early payment discounts .
For analysis of the accounts payable , after being systematically growing from 2002 to 2003 , we are in 2004 with a reduction on paydays . This may be due to the need not look bad suppliers continue to take advantage of discounts for volume purchases and perhaps an attempt to reach again the old prompt payment discounts , knowing Mark your competitive advantage revolves around a competitive sale prices based on purchases at great discount prices .
• Analysis of the Box Financing
Indirect method Cash Flow 2001 – 2004 1er.t
2002 2003 2004
2002 2003 2004
Ordinary Profit 41.00 53.00 11.00
– Corporation tax – 7,00 – 9.00 to 2.00
+ Depreciation —
= FUNDS FROM OPERATIONS ( FFO ) — 34.00 44.00 9.00
( Cash Flow)
+ / – Change Operational Needs Fund ( VNOF ) – 23,00 – 27.00 to 11.00
You receivables – 51.00 – 95.00 to 28.00
Inventories – 87,00 – 92.00 to 138.00
You payables 68.00 64.00 to 13.00
Notes 41,00 87,00 171,00
Accrued expenses 6.00 9.00 to 3.00
Short-term loans —
= CASH GENERATED BY OPERATIONS 11.00 17.00 to 2.00
+ / – OPERACIOMES INVESTMENT – 14,00 – 17.00 to 5.00
Change in net assets – 14,00 – 17.00 to 5.00
+ / – FINANCIAL OPERATIONS – 3.00 to 7.00
Long-term loan – 7,00 – 7.00 to 3.00
= CHANGE IN BOX – 10,00 – 7.00 to 10.00
+ Safety 1st January 58.00 48.00 41.00
BOX = DECEMBER 31 – 48,00 41,00 31,00
In view of this financial table , we can make the following conclusions fiscal years :
Fiscal year 2002
The funds generated by the company were 44 , applied to pay in full :
* Short party loan long ( 7)
* Net acquisitions of fixed assets ( 14)
* Increase in the account of customers ( 51 )
* Increase in stocks (87 )
Total APPLICATIONS 159
How are you funding applications were higher than the funds generated by the company, it had to generate more sources of cash to balance the necessary applications , and did so :
* Increasing the balance of the suppliers ( 68 )
* I Periodificando paying other creditors by notes ( 41 )
* Recognizing Accrued expenses not liquid at the time of the report ( 6)
* Decreasing the balance in cash assets (10 )
ORIGIN Total 159
Fiscal year 2003
The funds generated by the company were 34 , applied to pay in full :
* Short party loan long ( 7)
* Net acquisitions of fixed assets ( 17)
* Increase in the account of customers ( 95 )
* Increase in stocks (92 )
Total APPLICATIONS 211
As these uses of cash were higher than the funds generated by the company, it had to generate more sources of cash to balance the necessary applications , and did so :
* Increasing the balance of the suppliers ( 64 )
* I Periodificando paying other creditors by notes ( 87 )
* Recognizing Accrued expenses not liquid at the time of the report ( 9)
* Decreasing the balance in cash assets ( 7)
ORIGIN Total 211
Fiscal year 2004
The funds generated by the company were 9 , applied to pay in full :
* Short party loan long (3 )
* Net acquisitions of fixed assets (5)
* Increase in the account of customers ( 28)
* Increase in inventories (138 )
* Reduction of expenses accrued and not paid ( 3)
* Reduction of accounts payable to suppliers ( 13)
Total APPLICATIONS 190
As these uses of cash were higher than the funds generated by the company, it had to generate more sources of funds hasata equillibrar necessary applications , and did so :
* I Periodificando paying other creditors by promissory notes (171 )
* Decreasing the balance in cash assets (10 )
ORIGIN Total 190
This implies the following conclusion:
Society in its desire to continue growing has had to increase its working to meet the operational needs that generated this growth. The fact that their competitive advantage lies with competitive prices to customers,