Fundusze własne a sytuacja finansowa spółdzielni mleczarskich

Jan Dworniak

Dworniak, Jan
Fundusze własne a sytuacja finansowa spółdzielni mleczarskich
Financial situation of dairy cooperatives in relation to equity funds
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2009, vol., nr 78, s. 21-32


The elaboration presents chosen results of conducted research in cooperative dairy in the 2000–2005 in aspect of possessed equity and shareholders funds on financial results ground. It could be ascertained that together with increasing value of equity and shareholders fund noticed higher level of average price of milk, being paid to farmers. It evidenced the increased progression of improvements in cooperatives profitability. The strongest influence of these ratios was noticed in dairies which had had the highest equity and shareholders funds. Furthermore in these group noted also weaker relation between these funds and financial liquidity, whereas this financial indicator recorded stability and favourable level comparing to remain groups. The cooperative dairies which noticed higher profits and equity capital, decided to enlarge shareholders funds. It had resulted in secure of further development conducted activity. The applications of net profit in cooperatives was useful in effectiveness’ of financial situation assessment