Elementary financial analysis of the Forests of the Czech Republic, state enterprise

Kupčák, Václav

doi:10.17221/4551-jfs

Cited by 8 publications

(6 citation statements)

References 1 publication

(2 reference statements)

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“…one of the conditions of an enterprise to compete successfully in the market is an incessant and exact monitoring and estimation of its economic situation, especially the financial situation. The financial analysis is the most common method to solve this problem since it is a systematic analysis of data received from the enterprise accounting (Kupčák 2005). Divila (2004), Kopta (2009), Čechura (2010) and others deal with the problems of czech agriculture.…”

Section: Methodsmentioning

confidence: 99%

Economic results of agricultural enterprises in 2009

Střeleček¹,

Lososová²,

Zdeněk³

2011

AGR ECON-CZECH

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Every year, an analysis of economic results of a sample of agricultural enterprises farming in various production and climatic conditions in the territory of the Czech Republic is carried out by applying economic statistical methods. Based on these results, long-term trends of economic results and their influencing factors are defined. This article is based on the analysis of development of economic indicators of a sample of agricultural enterprises in the Czech Republic in the period 2003–2009, divided according to the proportion of the LFA. The year 2009 brought, in comparison with the previous years, a strong deterioration in economic results. In 2009, the economic result was the worst during the whole monitored period. The decrease in the average number of workers together with the increase in labour productivity manifests a long-term tendency. Agricultural subsidies tend also to grow in the long-term even though their growth has been slowing down.

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Section: Methodsmentioning

confidence: 99%

Economic results of agricultural enterprises in 2009

Střeleček¹,

Lososová²,

Zdeněk³

2011

AGR ECON-CZECH

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“…Its high profitability might be explained by an economic reform of forestry in the country after 1990 when supervision in the state forests was separated from operating performance. LČR's business strategy is based on complex contracting out of forestry operations and on the sale and purchase of timber for the price at the stump [20]. At the same time, LČR is the largest manager of protected sites in the Czech Republic.…”

Section: Cluster Analysis and Pcamentioning

confidence: 99%

Management Goals and Performance: Clustering State Forest Management Organizations in Europe with Multivariate Statistics

Liubachyna

Bubbico

Secco

et al. 2017

Forests

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State Forest Management Organizations (SFMOs) play a crucial role in the European forest sector, managing almost half of the forests in the region. SFMOs are often only managed for timber production, whereas, being publicly owned, they should play an important role in providing a vast range of public goods (e.g., soil protection, biodiversity conservation). Their management goals depend on the history and current conditions of the forest sector at a national level, as well as different challenges and the potential for development. Although there is a lack of knowledge about the current performance of SFMOs, there have been recent changes to their management goals and practices in response to the new demands expressed by society (e.g., transparency, social inclusion). The main purpose of this study was to analyze the current situation of SFMOs by grouping them with the help of a Cluster Analysis according to indicators that reflect the three pillars of the common understanding of the sustainable forest management (SFM) concept. Additionally, in light of the differences in the forest practices and management priorities in each country, we used Principal Component Analysis (PCA) to group countries according to common characteristics of the forest sector at the national level. The results showed three main clusters of SFMOs in Europe. The first cluster had a rather small but commercially-oriented forestry unit together with other business activities and a strong focus on public services. The second focused on public interest, rather than commercially-oriented organizations. The third is mainly profit-seeking. The existence of diverse SFMO clusters shows the possibility of different approaches for SFM with a focus on different goals (e.g., profit gaining, public service delivery).

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“…This is because the volume of production has a significant impact on a forestry concession area (Vanzetti et al, 2018;Mulatu et al, 2016;Ruslim, 2011). Ethiopia has experienced long-term deforestation that has widespread consequences for all aspects of life and human economic activities, but the conventional financial system has not been able to analyze the value of economic sustainability in the development of a country's environment, especially in dealing with the problem of deforestation (Narita et al, 2018;Kupčák, 2012;Siregar et al, 2017). This analysis model can estiamate the potenstial expenditure that will be made in reducing all risks of future (Bernetti et al, 2011;Barkin et al, 2013;Mohammad et al, 2018;Ruslim, 2016).…”

mentioning

confidence: 99%

Model of Community Forest Land Management Production and Financial Simulation of Super Teak, Solomon Teak and Sungkai Trees in Samboja Kutai Kartanegara East Kalimantan, Indonesia

Setiawan¹,

Lahjie²,

Yusuf³

et al. 2019

EER

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The objective of the research were to determine the volume increments, to find out the optimum ages and maximum increment, to know which plant effort was more profitable than each types exploitations, to analyze the financial feasibility and to know the farmers' financial needs and the level of interest by sensitivity analysis. This research was conducted in community forest of Sungai Merdeka Village Km. 38 Samboja District, Kutai Kartanegara Sub District of East Kalimantan Province. The research data was taken based on a purpose sampling system in the research plots of each Model I to V covering an area of 0.25 ha. Model I consisted by super teak 15 years 10x2 m spacing combined with king grass with an interest rate of 5% resulted in an estimated 6.5-year Pay Back Period (PP); Net Present Value (NPV) Rp. 186,346,058, -; Net Benefit/Cost (B/C) Ratio 3.99; Internal Rate of Return (IRR) 28%; Equivalent Annual Annuity (EAA) Rp. 12,122,078 and effort scale of 3 ha. Model II consisted by super teak 15 years 10x10 m spacing with an interest rate of 5% produce an estimated 18.5-year PP; Rp. (15,890,541,-) NPV; Net (B/C) Ratio to 0.72; (IRR) to 3%; (EAA) to Rp. (1,033,703,-) and (41) ha effort scale. Model III consisted by Solomon Teak 13 years 10x10 m spacing with an interest rate of 5% produce an estimated 10.4 year (PP); (NPV) to Rp. 97,546,242, -; Net (B/C) Ratio to 2.38; (IRR) to 10%; (EAA) to Rp. 6,345,523,-and 7 ha effort scale. Model IV consisted by sungkai 13 years 2x4 m spacing combined with papaya by an interest rate of 5% produce an estimated 13.1 years (PP) value; (NPV) to Rp. 41,099,472, -; Net (B/C) Ratio to 1.83; (IRR) to 22.5%; (EAA) to Rp. 2,673,580, -and 16 ha effort scale. Model V consisted by Sungkai 13 years with an interest rate of 5% produced an estimated 18.1 year (PP); (NPV) to Rp. -13.141,863, -; Net (B/C) Ratio 0.73; (IRR) to 3.2%; (EAA) to 897, ha effort scale. Its concluded that by 5% discount factor, Model I, Model III and Model IV were feasible because they have an IRR value higher than Minimum Acceptable Rate (MAR) 5% and Net B/C Ratio higher than 1. Model II and Model V were not feasible because they have an IRR value lower than MAR 5% and Net B/C Ratio lower than 1. The optimum production of all models was reached at the ages of 25 years. The highest MAI was achieved in Model IV of 7.34 m 3 ha -1 year -1 and the total volume was 183.56 m 3 ha -1 year -1 , while the lowest MAI was achieved in Model II of 6.25 m 3 ha -1 year -1 and the total volume was 33.10 m 3 ha -1 year -1 . Based on the analysis of effort scale resulted that Model I could be the best choice and most feasible than other because it had the lowest effort scale value, while Model V was the least feasible option to be cultivated because it has the highest scale of effort. Model I, Model III and IV shown the NPV positive value to Rp. 186,346,058, Rp.97,546,242,099,472, while Model II and Model IV shown the negative value of Rp. (15,590,541,-) and Rp.(13,141,863,.

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Elementary financial analysis of the Forests of the Czech Republic, state enterprise

Cited by 8 publications

References 1 publication

Economic results of agricultural enterprises in 2009

Economic results of agricultural enterprises in 2009

Management Goals and Performance: Clustering State Forest Management Organizations in Europe with Multivariate Statistics

Model of Community Forest Land Management Production and Financial Simulation of Super Teak, Solomon Teak and Sungkai Trees in Samboja Kutai Kartanegara East Kalimantan, Indonesia

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