Avaliação do leasing em Moçambique : impacto económico e financeiro nas empresas

Abstract

This paper presents the various forms of leasing from its origin to its modern conception, indicating the countries that have most introduced their innovations. The various authors' models for assessing financial and operational leasing are used in their originality, and criticism of the models' weaknesses and suggestions for improving them to suit the current Mozambican context are indicated gradually as imperfections and difficulties of interpretation and use emerge in their characterisation. The study of cases in Mozambique, one of a leasing company (Mozambique Public Telecommunications Company) and another of a leasing company (ULC Mozambique, SARL) using the MDB, Vancil and Shamblin and Stevens' Equipment Replacement models allowed for the determination of the costs of leasing alternatives compared to purchasing with own resources or with third party resources. The aim of this work is to test the hypotheses formulated using, on the one hand, the evaluation models and, on the other hand, the results of surveys in companies and banks, following the : The literature review on the different forms of leasing and its historical evolution, on the leasing valuation models suggested by different authors in the field of financial management literature. Using evaluation models to analyze data from the public company Telecomunicações de Moçambique to determine the financial viability of leasing, and data from the company ULC Moçambique, SARL, to show the leasing turnover trend and which sectors of the national economy use leasing more as a financing alternative. The conclusions and recommendations present the results of the research and recommend that the government change the leasing legislation to conform to international accounting standards, responding to the demands of the regionalisation of the world economy.

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