All About finanace and its uses..Very good material to have abasic idea of finanace and maoney.
dscg2Description complète
Sur les marchés de capitaux, on échange des capitaux, c'est-à-dire de l'argent matérialisé par des titres ou des devises. Un continuum d'échéances, du très court terme au long terme, lie au…Description complète
Descripción: Applied Quantitative Finance is a new series developed to bring readers the very latest market tested tools, techniques and developments in quantitative finance. Written for practitioners who nee...
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La Finance Islamique au Maroc entre réticence de la demande et perspectives de développement ( réalisé par Bouthir )Full description
A great book describing the finance models and models that shochatic mathematical calculations
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SAP document
Mathematical finance, also known as quantitative finance, is a field of applied mathematics, concerned with financial markets. Generally, mathematical finance will derive and extend the mathematica...
Bizar finance
Question 5 1. 2. 3. 4.
Profitability= Profit before tax/revenue= -10878/46920= -23.2% Working capital = current asset-current liabilities=£333839-£81775 = £252064 Current ratio= current assets/current liabilities=£333839/£81775=4.08 Liquidity (quick/acid test) ratio= (current assets-inventory)/current liabilities= (£3338390)/£81775 = 4.08 5. Equity ratio = long term debt/share capital and reserves = (£ 301,378/£288,136) x 100 = 104% 6. The ROCE has several limitations. 1. In does not take into account the time value of money 2. It does not take into account the period in which the revenue was made. It basically ignores the timing of money 3. It uses profit rather than revenue. Profit is more susceptible to manipulation 7. This appears to be a company currently performing poorly in terms profitability but at the same time possessing a huge amount of asset. In terms of its profitability it is currently operating at 23.2 % loss for every revenue made. This may be attributed the high staff related cost and operating expenses or i nadequate revenue generated from operations. In addition to the losses made the equity ratio is extremely high due to the significant amount of long term loans the company owes. This put the transportation operator in a risky position because if the company co ntinues to make losses then financing the debts would outweigh the revenue and therefore the business will be at risk of administration. On the other hand, the business currently possesses relatively are amounts of assess in relation to its liabilities e.g. the current ratio is 4.08 . The high current ratio is due to high account receivables. This may be a good sign for the transport operator for future years as long as the company does not encounter significant difficulties getting paid their receivables. Question 6
a. Explain the concept of “creditworth”. “creditworth”. 15 marks
b. Using a project finance typical SPV Organogram (see Handouts on Moodle) s tate why it’s important to understand the “creditworth” of each of the Client, the Sponsors/Developers, the D&B contractor, his supply chain and subcontractors, and the
Operations contractor(s) etc. see the Handout - SPV Organogram to help you answer this
15 marks
c. Who are the [key] advisers? Are there any conflicts or pitfalls for parties to be wary of in appointing advisers?
