Volba způsobu financování dlouhodobého majetku společnosti

Abstract

This bachelor thesis solve the option of financing long-term assets of the company, goal of this bachelor thesis is choose the best financial option based on specified criteria, financing options is five, first option is financing by equity with linear depreciation, second option is financing by equity with accelerated depreciation, third option is financing by bank loan with annuity payment with linear depreciation, fourth option is financing by bank loan with annuity payment with accelerated depreciation and the last option is financing by financial leasing with 10% first increased installment. As criteria was choosen indebtedness, expensiveness, load fixed payment, the sensitivity of the present value of expenditure on the discount factor and finally difficulty in obtaining. Next were calculated individual criteria and was calculated their normalized value, which was used in choosing of advantages of the individual options. To decide on the best option was used Saaty's metod, after completing the matrix were obtained weights of individual criteria, indebtedness has gained the most weight. After obtaining weights was possible calculate profitability of individual variants. calculation was conducted as the sum of each normalized criteria multiplied by the weighting of the criteria. As the best option of financing became financing by equity with accelerated depreciation and this option was recommended to the company.