Financial Analysis of Municipal Brewery Strakonice

The goal of this thesis is to explore the economic development of joint stock company Municipal Brewery Strakonice during 2005 -- 2009 and try to find out what is most influenced the financial side of the brewery. A number of methods and indicators of financial analysis was applied, such as horizontal and vertical analysis of balance sheet and profit and lost statement, analysis of differential indicators, financial ratios and bancruptcy models. Profitability, liquidity, aktivity, debt and labor productivity ratios were compared with values of branch industry. The operation of the company si significantly influence by the fact that it is owned by the city that choose a conservative risk-free strategy. Using various indicators I was able to determine that the company is in very good condition, in terms of financial stability, while the company's management should focus on profitability of their business, such as greater involvement of external sources