Economic and financial results involving the production sector of computer, electronic and optical equipmen

Economic and financial results involving the production sector of computer,
electronic and optical equipment in 2009 were more favorable in comparison with 2008, the assessment
situation of the division is due primarily to the results achieved by the manufacturers
consumer electronics, including televisions (8% of all firms, 46%
revenue department) and the manufacturers of electronic components and printed circuit boards (23% of all firms, 20% of the revenue department), telecommunications equipment manufacturers (18% of companies in total, 18% of the revenue department). Export share in revenue generated by the manufacturers of computers and electronic products in 2009 was 62%, including
91% of TV manufacturers.
The revenues generated by the producing companies and telecom equipment rtv
in 2009 increased by 8% y / y, while operating costs by 7% y / y. Gross profit and net profit generated in 2009 by far exceeded the level for the year 2008 (gross more than doubled, net - more than three times). As a result, earnings growth and profitability improved sales
net capital and assets (ROS = 2.6% versus 0.9%, ROE = 10.9% versus 3.2%; ROA = 4.1% versus 1.1%).
Current financial liquidity (1.27) remained at an acceptable level, while
elevated (0.93) has not reached the level of due. Period of inventory turnover in 2009 decreased as compared to 2008 to 39 days, receivables turnover cycle was shorter by 11 days, while the period of adjustment
obligations to suppliers extended to 91 days to 80 days in 2008
Capital expenditures increased in 2009 compared with 2008 by 19% and also increased
share of investments in depreciable (1.74 to 1.46 in 2008). Write-off of fixed assets has not changed
a (0.38).
The average debt assets decreased (0.62 to 0.66 in 2008). Coverage of fixed assets
capital fixed at 1.27 was satisfactory - exceeded the required level of 1.0.
Due to the nature of export-oriented manufacturing, financial results hardware manufacturers
e are conditioned pace of economic recovery overseas. Growing
Foreign demand in the first half. 2010, favored a considerable increase in export sales
televisions. In the second half. 2010 and the first half. 2011 is likely to slowdown in exports due to the slowdown in recovery abroad. However, due to the strong position of Polish
electronics manufacturers in the European market, the situation in the short term the industry should be stable and the average lending risk. In the domestic market, to still noticeable slowdown in consumer demand, can hardly be expected to increase
consumer expenditure on the purchase of equipment tv. Seasonal sales growth receivers
TV can be given in the fourth quarter of 2010, before Christmas.