Article metrics

  • citations in SCindeks: [4]
  • citations in CrossRef:[2]
  • citations in Google Scholar:[=>]
  • visits in previous 30 days:21
  • full-text downloads in 30 days:16
article: 2 from 2  
Back back to result list
Ekonomika poljoprivrede
2015, vol. 62, iss. 4, pp. 1061-1078
article language: English
document type: Review Paper
published on: 27/02/2016
doi: 10.5937/ekoPolj1504061M
Ratio analysis specifics of the family dairies' financial statements
aUniversity of Kragujevac, Faculty of Hotel Management and Tourism, Vrnjačka Banja
bUniversity of Belgrade, Faculty of Organizational Sciences
cPorodična mlekara Veličković, Alakince, Surdulica

e-mail: aleksandra.stankovic@kg.ac.rs, velimilk@hotmail.com

Abstract

The subject of this paper is the evaluation of the financial analysis specifics of the dairy enterprises with a focus on the implementation of the ratio analysis of financial statements. The ratio analysis is a central part of financial analysis, since it is based on investigating the relationship between logically related items in the financial statements to assess the financial position of the observed enterprise and its earning capacity. Speaking about the reporting of financial performance in family dairies, the basis is created for displaying techniques of financial analysis, with a special indication on the specifics of their application in agricultural enterprises focusing on companies engaged in dairying. Applied in the paper is ratio analysis on the example of a dairy enterprise, i.e. a family dairy operating in Serbia. The ratio indicators are the basis for identifying relationships based on which by comparing the actual performance and certain business standards differences or variations are identified.

Keywords

References

*** Family dairy Veličković. http://www.mlekaravelickovic.rs/general.php?id=2
Alsos, G.A., Ljunggren, E., Pettersen, L.T. (2003) Farm‐based entrepreneurs: what triggers the start‐up of new business activities?. Journal of Small Business and Enterprise Development, 10(4): 435-443
Andrei, J.V., Dorel, D., Mihai, M. (2015) The influences of the cultural models on agricultural production structures in Romania and some EU-28 countries: A perspective. Ekonomika poljoprivrede, vol. 62, br. 2, str. 293-307
Argiles, J.M., Slof, E.J. (2001) New opportunities for farm accounting. European Accounting Review, vol. 10, br. 2., 361-383
Barnard, F., Akridge, J., Dooley, F., Foltz, J. (2012) Agribusiness management. London: Routledge
Chelmu, S.S. (2012) Competitiveness of agricultural products on the meat-dairy chain. Ekonomika poljoprivrede, Vol. 59, SI-1, pp. 29-37
Drašković, B., Rajković, Z., Kostić, D. (2010) Milk production in Serbia and position small farmers. Ekonomika poljoprivrede, vol. 57, br. 4, str. 529-541
European Commission Agriculture and rural development. Farm Accountancy Data Network (FADN), http://ec.europa.eu/agriculture/fadn/index_en.htm
European Commission Directorate-general for agriculture and rural development (2014) EU Dairy farms report 2013. Brussels: European Union, http://ec.europa.eu/agriculture/ricaprod/pdf/Dairy_Farms_report_2013_WEB.pdf, February
Garcia, P., Sonka, S.T., Mazzacco, M.A. (1983) A Multivariate Logit Analysis of Farmers' Use of Financial Information. American Journal of Agricultural Economics, 65(1): 136
Geman, H. (2015) Agricultural finance: from crops to land, water and infrastructure. Chichester, West Sussex, United Kingdom: John Wiley & Sons Ltd
Knežević, S., Fabris, M. (2010) Upravljanja obrtnim sredstvima i kratkoročnim obavezama. Računovodstvo, vol. 54, br. 11-12, str. 61-72
Kumar, A. (1985) Standards for comparison under Ratio Analysis. Management Reporter, Tribhuvan University, Nepal, Vol. 2, No. 2
Malinić, D., Milićević, V., Stevanović, N. (2012) Upravljačko računovodstvo. Beograd: Ekonomski fakultet
Mcelwee, G. (2005) Developing entrepreneurial skills of farmers, SSPECT-2005-006500, D2: A Literature review of entrepreneurship in agriculture. http://www.esofarmers.org/fileadmin/esofarmers/documents/ESoFliteraturereview_000.pdf
Milošević, V. (1997) Teorija troškova troškovi preduzeća. Niš: Prosveta
Pyysiäinen, J., Anderson, A., McElwee, G., Vesala, K. (2006) Developing the entrepreneurial skills of farmers: some myths explored. International Journal of Entrepreneurial Behavior & Research, 12(1): 21-39
Savić, B., Vasiljević, Z., Đorđević, D. (2014) Strategic cost management as instrument for improving competitiveness of agribusiness complex. Ekonomika poljoprivrede, vol. 61, br. 4, str. 1005-1020
Statistical Office of the Republic of Serbia (2015) The statistical pocketbook of the Republic of Serbia 2015. Belgrade, http://webrzs.stat.gov.rs/WebSite/ repository/documents/00/01/71/83/Statisticki_kalendar_Republike_Srbije_2015.pdf
Vehapi, S., Šabotić, Z. (2015) The state and problems of Serbian agriculture. Ekonomika poljoprivrede, vol. 62, br. 1, str. 245-257