2.2 Analysis of the financial provisions of «Редпрайс» llp

In order to determine the financial condition of one or another enterprise, it is necessary to conduct a financial analysis of its activities. The main content of the financial analysis is a systematic study of the financial condition of the company, as well as factors that directly affect him.

Analysis of the financial condition of the company allows to obtain indicators which are the basis of the complex analysis. Stable financial position and financial performance can determine the competitiveness of the company. Financial position of the company is the management of all of its financial and economic activities and thus determines its comprehensive assessment.

The most generalized and important indicators of profitability the profitability indicators of economic activity. The overall profitability of the enterprise is the ratio of profits to assets. Return on equity - the ratio of net profit to shareholders ' equity. With the profitability of capital is closely related to its turnover, which is one of the most important indicators characterizing the intensity of use of funds of the company and its business activity [25, s].

One of the indicators characterizing the financial position of the enterprise is its solvency, i.e. the possibility of cash money resources in a timely manner to meet their payment obligations [25, s].

Solvency - torque characteristic of the enterprise, reflecting the availability of the settlement funds in the amount sufficient for immediate repayment of creditors, which are impossible to roll over.

Assessing the solvency balance is based on the characteristics of current assets liquidity, which is defined as the time required to turn them into cash. The less time is required for collection of the asset, the higher the liquidity. Balance liquidity - the ability of the entity to turn assets into cash and to pay their payment obligations, but rather is the degree of coverage of debt obligations of the enterprise's assets, the period of conversion in cash equal to the maturity of payment obligations. It depends on the degree of conformity of the size of existing means of payment the value of short-term debt obligations.

Liquidity of the enterprise is the more General concept than the liquidity of the balance sheet. Liquidity balance assumes that there should be means of payment only by domestic sources (asset sales). But the company can borrow from.

The concept of solvency and liquidity are very close, but the second is more capacious. The degree of liquidity of balance of the enterprise depends on its solvency. At the same time, liquidity characterizes as the current state of accounts and term. The company may be effective at the reporting date, but may be adversely affected in the future, and Vice versa.

Assets are the property, property and non-property benefits and rights of the data subject, having a monetary evaluation. The asset balance contains information on the allocation of capital available to the company, i.e. the attach it to a specific property and material assets, expenses of the enterprise on manufacture and sale of products and on the rests of free cash. Each type of capital allocation corresponds to a separate balance sheet item.

The funds of the enterprise is of great importance in financial activities and increase its efficiency. From what appropriations invested in fixed and working capital, how many of them is in the sphere of production and circulation, in cash and kind of how well their relationship, largely dependent on the results of production and financial activity, and, consequently, the financial condition of the enterprise.

In the process of analysis of the company's assets in the first place you should examine changes in their composition and structure, and to evaluate them. In the process of further analysis is necessary to establish changes in long-lived assets. Long-term assets or fixed assets investments long-term objectives in real estate, bonds, stocks, stocks of minerals, joint ventures, intangible assets and other Great attention is paid to research of the state, dynamics and structure of assets, because they occupy the main share in the long-term assets of the enterprise. When studying the structure of the basic means you need to find out the ratio of their active and passive parts.

Table 1.

Analysis of changes in the composition and structure of assets of the enterprise.

Assets	Absolute Value		Specific weight, %		Changes
	At the beginning of the year	At the end of the year	At the beginning of the year	At the end of the year	Absolute values	Relative values
I. Short-term assets
Cash	301 683	3 552 127	1,71%	13,81%	3 250 444	91,51%
Short-term financial investments		364 000	0,00%	1,42%	364 000	100,00%
Short-term receivables	7 493 306	1 808 303	42,38%	7,03%	-5 685 003	-314,38%
Stocks	886 581	635 780	5,01%	2,47%	-250 801	-39,45%
Current tax assets	568 806	756 096	3,22%	2,94%	187 290	24,77%
Non-current assets held for sale	40 961		0,23%	0,00%	-40 961
Other short-term assets	619 704	256 444	3,50%	1,00%	-363 260	-141,65%
Total short-term assets	9 911 041	7 372 750	56,05%	28,67%	-2 538 291	-34,43%
II. Long-term assets
Long-term financial investments			0,00%	0,00%	0
Goodwill	2 630 979	582 823	14,88%	2,27%	-2 048 156	-351,42%
Long-term receivables		1 634 383	0,00%	6,36%	1 634 383	100,00%
Investments accounted for using the equity method	364 600	228	2,06%	0,00%	-364 372	-159812,28%
Investment property			0,00%	0,00%	0
Fixed assets	4 622 214	3 716 562	26,14%	14,45%	-905 652	-24,37%
Biological assets			0,00%	0,00%	0
Exploration and evaluation assets			0,00%	0,00%	0
Intangible assets	17 017	13 824	0,10%	0,05%	-3 193	-23,10%
Deferred tax assets	137 129	88 231	0,78%	0,34%	-48 898	-55,42%
Other long-term assets		12 306 715	0,00%	47,86%	12 306 715	100,00%
Total long-term assets	7 771 939	18 342 766	43,95%	71,33%	10 570 827	57,63%
Balance	17 682 980	25 715 516

From the table we can see that during the reporting period the company assets increased by 3 250 444 tenge or 91,51%.

From a financial point of view, the structure of working capital has improved compared with the previous year, as the share of the most liquid funds increased cash and short-term financial investments), and the share of less liquid assets (receivables) decreased. This has increased their possible liquidity. Efficiency of use of current assets are characterized by their turnover.

Liabilities is equity (assets of the entity after deducting its liabilities and obligations.

To assess these liabilities side of the balance is drawn up the analytical table 2.

Table 2.

The analysis of changes of the sources of funds of the enterprise.

Equity and liabilities	Absolute Value		Specific weight, %		Changes
	At the beginning of the year	At the end of the year	At the beginning of the year	At the end of the year	Absolute values	Relative values
III. Short-term liabilities
Short-term financial liabilities	3 768 772	292 917	21,31%	1,14%	-3 475 855	-1186,63%
Tax liabilities	39 591	43 347	0,22%	0,17%	3 756	8,66%
The obligations of other mandatory and voluntary payments	6 375	7 948	0,04%	0,03%	1 573	19,79%
Short-term payables	597 611	1 646 246	3,38%	6,40%	1 048 635	63,70%
Estimated current liabilities	8 307	38 591	0,05%	0,15%	30 284	78,47%
Other short-term liabilities	2 139 277	660 291	12,10%	2,57%	-1 478 986	-223,99%
Total short-term liabilities	6 559 933	2 689 340	37,10%	10,46%	-3 870 593	-143,92%
IV. Long-term liabilities					0
Long-term financial liabilities	1 022 917	5 477 414	5,78%	21,30%	4 454 497	81,32%
Long-term payables			0,00%	0,00%	0
Estimated long-term liabilities			0,00%	0,00%	0
Deffered tax liabilities	24 556	221 133	0,14%	0,86%	196 577	88,90%
Other long-term liabilities			0,00%	0,00%	0
Total long-term liabilities	1 047 473	5 698 547	5,92%	22,16%	4 651 074	81,62%
V. Capital					0
Share capital	1 884 116	1 884 116	10,65%	7,33%	0	0,00%
Additional paid-in capital		3 311 665	0,00%	12,88%	3 311 665	100,00%
Repurchased owners equity			0,00%	0,00%	0
Share premium			0,00%	0,00%	0
Reserves			0,00%	0,00%	0
Undistributed income (uncovered loss)	7 715 588	12 131 848	43,63%	47,18%	4 416 260	36,40%
Minority interest	475 870		2,69%	0,00%	-475 870
Total capital	10 075 574	17 327 629	56,98%	67,38%	7 252 055	41,85%
Balance	17 682 980	25 715 516

The liabilities of the balance has increased mainly due to the growth of long-term liabilities on 4 651 074 tenge.

On the one hand, accounts payable - the most attractive way of financing, since the interest is usually not collected. On the other hand, because of the large delay of payments to the company may have problems with the supply of, damage to the reputation of the company because of the unfavorable reviews of creditors, court costs in the cases suppliers.

To reduce the debt promotes effective management through analysis of limitation terms. This analysis identifies which of the creditors, long waits for payment and will likely begin to show intolerance. For «Редпрайс» LLP it is necessary, first of all, to repay debts to the budget, social insurance and social security because of a delay on these payments, usually entail the payment of penalties (fines). Then you need a clear structuring of debts to suppliers and contractors, and to identify which ones require immediate repayment. For «Редпрайс» LLP it is recommended to use the mechanism of mutual settlements.