The analysis of basic parameters of success in food industry in Vojvodina [Serbia] (2002-2006)
2008
Vukoje, V., Poljoprivredni fakultet, Novi Sad (Serbia) | Milic, D., Poljoprivredni fakultet, Novi Sad (Serbia) | Maletic, D., Poljoprivredni fakultet, Novi Sad (Serbia)
This paper presents a comparative analysis of main indicators of the financial results and the financial position of food industry enterprises in Vojvodina performed over the five-year period of transition (2002-2006). Cumulative balances were used as basic data sources. The performance of food industry enterprises is usually compared with performances of agricultural companies. During three out of five observed years, the food industry achieved a negative net financial result. The rates of income on the gross invested capital were also very modest (3.39-6.15%). The finacial structure was very unfavourable, which created problem with maintaining the solvency. The turnover fund was sufficient for the coverage of approximately 56% of permanent stocks, which means that companies were missing 54%, or about 18 billion dinars of long-term available resources only for the establishment of the financial balance. The gross capital value of food industry companies increased by about 75%, while the real value of the net capital increased by 39.6 index points.
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