Avaliação da situação financeira da empresa Águas de Moçambique, S.A

Abstract

The financial analysis that is currently one of the fundamental points of financial management and aims to allow a quick and in-depth understanding of the information available. The work aims to carry out a critical financial analysis of AdeM. Águas de Moçambique, SA (AdeM), is a company that provides the service of abstraction, treatment and distribution of drinking water in the cities of Maputo and Matola and on a concession basis in the cities of Beira, Pemba, Quelimane and Nampula. In Maputo city, the company has experienced problems in the water supply, accompanied by public complaints about the level and quality of the service provided. The level and quality of the services that AdeM offers its customers has to do with the company's financial capacity as well as other factors such as the strategy, habits and cultural aspects of the company's managers and administrators, the motivation of workers, among other factors. . From the study, it was found that AdeM is a company with a high level of assets generated essentially by high balances of its customers, although the company faces treasury difficulties, resorting, in a cyclical manner, to credit institutions to finance operational activities. It was also notorious that the company has been experiencing losses over the financial years, supported by the fact that the operating results are systematically negative over time, an indicator considered essential for the viability of any project, in addition to the fact that the company presents levels of high risks. From the sustainability analysis of the risk, the exposure of the results to variations in the level of activity was clear, although according to the safety margin approach, the results brought in contrast with the analysis of risk through the operational degree of the lever, the financial degree of the lever and global risk. The choice of this topic is associated with a curiosity aroused in the author over approximately 4 years, of which the first 6 months in the professional internship at the Department of Administration and Finance, at AdeM and because this topic is of great importance once that the water collection, treatment and distribution service is vital and essential, both for the development of Maputo city and the country. (TRADUÇÃO NOSSA)