Možnosti uplatnenia metódy EVA pri ohodnocovaní pohľadávok
THE POSSIBILITY OF THE IMPLEMENTATION EVA METHOD DUE TO EVALUATION OF CLAIMS

Summary/Abstract: The main duty of each creditor is to pay his/her claims on time, because of large amount of company’s money that those claims carry. The value of claims is always connected with the state of the creditor. That is why there is an importance of creditor’s financial analysis first when we want to analyze claims. If a claim is not paid on time it can either decrease or increase its value. There are included all positive or negative events in a stated value of claim that can influence its market price. To give a claim its value we can use several methods: method of nominal value of a claim including all accessories, cost method with risk evaluation, rating method, value method, liquidity method, a combination of those methods. To make evaluation of company performance we can use a widespread-used indicator EVA (Economic Value Added). Evaluation of creditor’s company by EVA indicator is a proper way how to find out value of claims. On the other hand, to acquire all necessary data that are needed can be a problem in this kind of evaluation. Indicator EVA repre-sents the basic criteria, which supply us with valuable information about levels of com-pany’s management and serves us as a tool for evaluation of the company. To summarize the effect of EVA we can conclude that EVA quantifies the value that is „added“ into the company by company’s operating activities in a given time period. EVA indicator need to be understood as a net yield from operating activities of the company decreased by the costs of the capital input. In the case of qualification of the claim value by EVA method we need to consider a share of company value that counts into the claim. Moreover, there are many other influences that need to be consider as an existence of other preferred claims, a deposit right connected with the particular claim ..., etc. There is a need to stress out a selective approach when evaluating claims. Each busi-ness case represents a specific operation from which a claim is developed. An important role also plays economic information about creditor which is necessary for claim evalua-tion. A problem is in accessibility of that information which is sometimes very low. Very important aspect when evaluating claim is a time viewpoint. The time view-point represents the reality that claims are recorded in accounting it their nominal value. The majority of claims have character of trade-loan claims and each subscriber pays his/her claim after some time period. The later the claim is paid after its payment period, the lower is its value.

• Details
• Contents