Analysis of financial and economic activity of the state aviation enterprise “Ukraine” for 2016-2018

Issue: № 3, 2020

Doi: https://doi.org/10.37634/efp.2020.3.3

Introduction. In the current conditions of economic development, characterized by financial risks, rapid change in the market of goods, works, services - assessment of the financial and economic conditions of the enterprise are guaranteed to exist in the relevant market, creating positive reputation and the possibility of earning income from their work. The financial condition of the company is influenced by resources, relationships with employees, solvency of the company, the quality of services and payments to the contractors. For maximum profit, the company seeks to take a leading position in the market. For this purpose financial analysis of the enterprise is being carried out. The purpose of the paper is to analyze the financial and economic activities of the State Aviation Enterprise "Ukraine" for the period from 2016 to 2018 and to propose ways of improvement. Results. Financial status is an important component of the enterprise's activities in the external environment. It characterizes the potential of the company, the ability to compete well, so the disclosure of information to external and internal consumers is important for increasing the customer base as well as suppliers and contractors. Through the financial analysis, we can find out the state of the property of the company, the need for additional sources, the ability to raise capital, predict the future results of operations, to rationalize the usage of borrowed funds, the degree of risks associated with business activity. Also, an important factor is the financial status of the enterprise, which arises in the course of economic activity. To do this, analyze the financial stability, solvency, liquidity of the company, so you can really assess the strengths and weaknesses of the company, to develop strategies for the future. Conclusion. Having analyzed the activity of Ukraine aviation enterprise, we can draw a not very positive conclusions. This is due to the fact that every year receivables are increasing, and the gross profit, cash is decreasing. So, there is something for the company to work on, there are also positive points, for example - operating income is increasing, the assets of the company are increasing every year. The company needs to find new ways to increase its profits and reduce costs because one of the main goals of each company is to increase profits and minimize costs. The company operates only on charter flights, if it were to launch scheduled flights, it would greatly affect its revenue. Airlines need to attract new customers to increase air travel, perhaps change their marketing strategy and launch commercials so that more customers are aware of their business.

Keywords : financial activity of the enterprise, analysis of financial condition, activity of aviation enterprise, analysis

References:

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