Audit and economical analysis

Table 232

Factor Analysis of Effectiveness of Use of Net Assets (in chain conversion)

Indicators	Last Year	Report Year	Difference (+, -)	Growth,%
A	1	2	3	4
1. Average annual net assets, thousand UZS	7 745 794 466	10 124 233 076	[phone]	+130,7
2. Net income from sales,Thousand UZS	3 362 225 550	5 180 801 340	[phone]	+154,1
3. Net Profit, Thousand UZS	507 693 607	974 038 284	[phone]	+191,2
4. Turnover of Net Assets (2/1 )	0,434	0,511	+0,077	117,7
Reasons for alteration:
- due to changes in proceeds	5 180 801 340/7 745 794 466-0.434		+0,2348	-
- due to changes in the value of assets	0,511-5 180 801 340/7 745 794 466		-0.1578	-
5. Return period of net assets, days (360 / week)	829,4	704,5	+124,9	84,9
6. Net profitability,% (3/1 * 100)	6,5	9,6	+3,1	147,7
Reasons for change:
- due to changes in the amount of assets	974 038 284/7 745 794 466*100-6.5		+6.1	-
- due to profit change	9.6-974 038 284/7 745 794 466*100		-3.0	-

Summary: Factor analysis of net assets efficiency in the joint-stock company suggests that the turnover ratio of net assets for the current year increased by 0.077 against the previous year. Negative (-0.1578) increase in net asset value and positive (+ 0.2348) increase in net inflows were affected by this change. At the same time, the increase in net profitability of net assets by 3.1% was influenced by the following factors: the change in the net profit compared to previous year by [phone] thousand UZS, increase of profitability by 6.1%; the change in net assets [phone] resulted in a decrease of profitability by 3.0%.

Analysis of indicators of financial leverage

The indicator of the financial leverage is an important indicator that has come to practice. His economists and managers have been on the rating for a long time. The assessment of this indicator is carried out through several financial factors. The indicator of the financial leverage is assessed by the ratio of private equity to liabilities. Based on its results, it is possible to assess the financial viability and profitability of the business entity. Below you can see what is a financial lever, its type, identification form, procedures for determining the effectiveness of financial leverage, and how to analyze it. The financial leverid is also called a financial asset. Assessment of the content of its content on the business entity's interest in the ratio between equity and debt capital. It also depends on the ratio of this relationship to the analysis and forecasting of the future financial viability of the business entity. Analysis of financial leverage indicators allows analysts to evaluate the potential for additional growth of profitability and to assess the risk factors that influence the effect of changes in internal and external factors. The following types of financial leverage are identified on the basis of the following benefits: - Loans (if interest amount exceeds interest on loans); - types of inheritance (in the case of profit before the sum of interest on loans; - if the amount of profit is not higher than the amount of interest on loans.

The financial leverage is determined by the following formula:

FL = ec / pe

Here:

FL-financial leverage;

ec-equity capital;

pe - private equity.

This formula also reflects the financial risks of the business entity. The optimal level of coefficient is recorded at 05.-0.8 degrees. In assessing the effectiveness of the financial leveraged, it is important to consider the financial leverage ratio and its profitability. Evaluation of the effectiveness of the financial leverage, the purpose of the analysis is to study the effectiveness of using private and debt capital. The effectiveness of the financial leveraged can be summarized as follows: