Oditor (Jan 2023)
Analysis of risk factors of the financial and profit position with the objective of improving the vitality of the energy sector
Abstract
This paper deals with the research of the risk of the profit and financial position of the energy industry in the period of Covid-19, i.e. sector D - Production and supply of electricity, gas and water subsector 351 - Production, transmission and distribution of electricity, 352 - Production of gas and distribution of gaseous fuels gas pipelines and 353 - Steam supply and air conditioning through selected indicators for the year 2020 compared to the previous year 2019, and evaluates them in relation to the average five-year achievements. Further analysis by subsectors revealed differences in the assessment of financial and profit positions by sub-sectors in relation to sectoral assessments. The results of the research show that, in the short term, no worsening of the risk factors of the profit and financial position was observed, based on the annual balance statements of the analyzed categories, at the level of the energy sector as a whole. Regression analysis also examined the influence of liquidity and solvency parameters on the rate of return on assets in the period before Covid-19 and during the Covid-19 pandemic.
