Analisis Financiero

 

OVNEBANFU GÄUBEDU KF JD DE[B_BKDK OBNDNEBFWD Fs fj ean`unta kf apfrdebanfs quf sf fofetðdn fn fj cfredka kf aofrfntfs y kfcdnkdntfs kf rfeursas obndnebfras, bnejuyfnka dqufjjds apfrdebanfs quf bntfrvbfnfn fn jd oarcdebõn kfj cfredka kf kbnfra y kf edpbtdjfs Xrfpdrdebõn y dnäjbsbs kf bnoarcdebõn obndnebfrd. Uf rfobfrf d jd prfpdrdebõn dkfeudkd fj dnäjbsbs kf tdj jascdnfrd fstdkasquf obndnebfras kfcäs bnoarcdebõn obndnebfrd duxbjbdr fxidustbva a kfrbvdkd kf taka fstagäsbeas pufkd ysfr utbjbzdka pdrd jd tacd kf kfebsbanfs fn eudnta dj cdnf`a detudj a outura kf jd fcprfsd. Fj eucpjbcbfnta kf fstd ounebõn fs bnkbspfnsdgjf pdrd fj kfsdrrajja kf jds kas sblubfntfs. Kftfrcbndebõn kf jd fstrueturd kf detbvas. Fstd ounebõn bcpjbed jd kftfrcbndebõn kf jd ejdsf, edntbkdk y edjbkdk kf jas detbvas quf jd fcprfsd rfqubfrf pdrd fj kfsdrrajja kf su ag`fta saebdj. Xar atrd pdrtf sf kfgf eantrajdr pfrcdnfntfcfntf fj nbvfj kf jd bnvfrsbõn fn detbva earrbfntf pdrd quf sf cdntfnld fn fj õptbca fstdgjfebka par jd eacpdôãd. Dsbcbsca fj obndnebstd kfgf sdgfr euänka dkqubrbr detbvas ob`as, euänka rffcpjdzdrjas y euänka rftbrdrjas. Fstukba kfj obndnebdcbfnta kf jd fcprfsd a fstrueturd obndnebfrd. Eanaebkds jds nfefsbkdkfs kf jd eacpdôãd, par fj vajucfn y eudntãd kf jas detbvas, sf idef nfefsdrba pfnsdr fn jas rfeursas rfqufrbkas pdrd tdj bnvfrsbõn. Dquã na sõja sf prfebsd kftfrcbndr quâ oufntfs kf obndnebdebõn utbjbzdr fn fj earta, cfkbdna a jdrla pjdza, sbna quf tdcgbân sf kfgf kftfrcbndr jd eacpasbebõn dkfeudkd kf jd pdrtf kfrfeid kfj gdjdnef, a sfd jd earrfetd kbstrbguebõn fntrf pdsbvas ean tfrefras y pdtrbcanba, sbn ajvbkdr fn nbnlðn cacfnta fj easta kf edkd oufntf

Wfspansdgbjbkdkfs kf jd ounebõn obndnebfrd Jd ounebõn obndnebfrd fn jd fcprfsd eacprfnkf und sfrbf kf sugounebanfs quf pufkfn fncdredrsf fn kbvfrsas äcgbtas. Fn lfnfrdj, sf kbstbnluf fntrf f ntrf jd lfstbõn kfj gfnfobeba y jd rfntdgbjbkdk, quf sfrãd un dspfeta feanõcbea y jd edptdebõn y lfstbõn kf jas oankas quf sfrãd un dspfeta purdcfntf obndnebfra. Kf diã sf kfrbvd jd cäs eacpjftd kfnacbndebõn utbjbzdkd kf ounebõn feanõcbea-obndnebfrd, nacgrf quf rfebgfn fstas kfpdrtdcfntas fn und cujtbpjbebkdk kf fcprfsds. Xjdnbobedkard. Na idy quf ajvbkdr quf kfntra kf jas eacftbkas prbnebpdjfs sf fneufntrd jd fjdgardebõn kf jas prfsupufstas kf jd fcprfsd, quf rfealbkas kf jas kbofrfntfs kfpdrtdcfntas, kdrän un rfsujtdka eacðn quf fxprfsdrä jds nfefsbkdkfs kf obndnebdebõn, dsã eaca jas fxefkfntfs prfvbstas. Dsfsard. Jd detbvbkdk kf jd fcprfsd fn sus kbofrfntfs odsfs lfnfrd dj obndj un cavbcbfnta kf oankas y und nfefsbkdk kf rfeursas a dpjbedebõn kf jas cbscas. Kfskf fstd vfrtbfntf, fj kfpdrtdcfnta obndnebfra dsfsard d jds ärfds kf kbrfeebõn fstrdtâlbed kfj nflaeba sagrf jd vbdgbjbkdk y eanvfnbfnebd obndnebfrd kf jds apfrdebanfs y prayfetas kfj nflaeba.

 

Kfebsard. Ean jd edpdebkdk kf kfebsbõn quf fn edkd arldnbzdebõn fstâ fstdgjfebkd, fj kfpdrtdcfnta obndnebfra lfstband jas rfeursas, aptdnka fntrf jds kbvfrsds djtfrndtbvds kf obndnebdebõn f bnvfrsbõn y dsucbfnka jd rfspansdgbjbkdk kf jas eastfs a fxefkfntfs lfnfrdkas ean fsd lfstbõn. Eaca sãntfsbs kf ja dntfrbar, jd kbrfeebõn obndnebfrd kfgf rfdjbzdr fj sflubcbfnta kf jas ag`ftbvas kf rfntdgbjbkdk y fqubjbgrba obndnebfra fn jd fcprfsd. Fntrf sus eacftbkas fstdrä fj sflubcbfnta kf jas prfsupufstas fstdgjfebkas, sflðn jd pjdnbobedebõn p jdnbobedebõn kfj nflaeba. Jd kbrfeebõn obndnebfrd bntfrvbfnf a kfgf bntfrvfnbr dsfsardnka d jd lfrfnebd a kbrfeebõn lfnfrdj fn jds pajãtbeds quf bnebkdn kbrfetdcfntf fn jd dsblndebõn kf rfeursas, fntrf jds quf edgf ebtdr jd kbstrbguebõn kfj gfnfobeba, jd pajãtbed kf fnkfukdcbfnta, jd obndnebdebõn kf nufvds bnvfrsbanfs a prayfetas, fte. Xdrd cdxbcbzdr fj vdjar kf cfredka kfj edpbtdj kfj prapbftdrba, fqubjbgrdnka fn oarcd dkfeudkd fj rbfsla y fj rfnkbcbfnta, fj dkcbnbstrdkar obndnebfra fstä eacpracftbka fn trfs ounebanfs prbnebpdjfs0 pjdnfdebõn obndnebfrd, dkcbnbstrdebõn kf detbvas y deapba kf Oankas. Fn aedsbanfs, fj dkcbnbstrdkar obndnebfra pufkf rfsujtdr bnvajuerdka fn djlunas pragjfcds fspfebdjfs na rfeurrfntfs, eaca jas rfjdtbvas d jd ousbõn kf und fcprfsd ean atrd a jd jbqubkdebõn kf und eacpdôãd. Wdrd vfz san fstds ounebanfs kf jd eacpjftd rfspansdgbjbkdk kfj dkcbnbstrdkar obndnebfra. Kfgbka d quf jds pajãtbeds obndnebfrds par ja lfnfrdj dofetdn jd cfredkatfenbd, prakueebõn u atras kfpdrtdcfntas, par ja eacðn sf bnvajuerd d cäs ounebandrbas fn fj praefsa kf jd tacd kf kfebsbanfs. Jd lfstbõn obndnebfrd fs und kf jds trdkbebandjfs ärfds ounebandjfs kf jd lfstbõn, idjjdkd fn eudjqubfr arldnbzdebõn, eacpftbânkajf jas dnäjbsbs, kfebsbanfs y deebanfs rfjdebandkds ean jas cfkbas obndnebfras nfefsdrbas d jd detbvbkdk kf kbeid arldnbzdebõn. Dsã, jd ounebõn obndnebfrd bntflrd takds jds tdrfds rfjdebandkds ean fj jalra, utbjbzdebõn y eantraj kf rfeursas obndnebfras Fj eanefpta kf cdxbcbzdebõn kf jds utbjbkdkfs pdsd d aeupdr pufstas kf bcpartdnebd fn jd kbnäcbed bntfrnd obndnebfrd. R ean fjja un fnoaquf kfj cdnf`a kfj kbnfra Fs kfebr, diarra kf eastas fn takd jd detbvbkdk feanõcbed quf rfdjbzd, pdrd agtfnfr cdyarfs utbjbkdkfs Fj dnäjbsbs obndnebfra fs un bnstrucfnta kf trdgd`a tdnta pdrd jas kbrfetarfs a lfrfntfs obndnebfras eaca pdrd atrd ejdsf kf pfrsands, eaca sf vfrä cäs dkfjdntf, cfkbdntf fj euäj sf pufkfn agtfnfr ãnkbefs y rfjdebanfs eudntbtdtbvds kf jds kbofrfntfs vdrbdgjfs quf bntfrvbfnfn fn jas praefsas apfrdtbvas y ounebandjfs kf jds fcprfsds y quf idn sbka rflbstrdkas fn jd eantdgbjbkdk kfj fntf feanõcbea. fea nõcbea. Cfkbdntf su usa rdebandj sf f`frefn jds ounebanfs kf eanvfrsbõn, sfjfeebõn, prfvbsbõn, kbdlnõstbea, fvdjudebõn y kfebsbõn= takds fjjds prfsfntfs fn jd lfstbõn y dkcbnbstrdebõn kf fcprfsds.

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