ИФРУ Контрольная работа КФИ Вариант 1

Option 1

Objective 1

As of 01.01.05 OJSC "Bank" Revival "had balances due from credit institutions in the amount of 1,003,676 thousand. Rub., Including the following banks (conventional example):

Table. 1. Amounts due from credit institutions

Borrower Date of issue Maturity date Interest rate,% Book value at 01.01.05, ths. Rub.

JSC "Bank First" 01.01.02 01.01.07 6.5% 3500

OJSC "Bank second" 01.01.01 01.07.07 8.0% 5000

OJSC "Bank Third" 01.01.02 01.01.06 500 6.0%

Total 9000

Source: Bank

You want to calculate, as of 01.01.05, the market value of the funds deposited in these credit institutions, with the following data:

1. The interest payments on the loans is paid annually;

2. repayment of principal is carried out at the end of the term of the loan;

3. The average market rate for similar loans is 10%.

Task 2

Determine the cash flow going to increase (decrease) in the balance of the commercial banks in the first forecast period based on the following data.

Table. 2. Baseline

№ p / p Indicators Reporting date 01.01.2005 Period of forecast

1 Return on equity ROE 0,13 0,13

2 Use of assets (asset turnover) 0.15 0.15

3 multiplier capital (leverage) 12.3 12.3

4 Profit margin 0.07 0.07

Total revenue, ths. Rub. 12000

Total assets, th. Rubles. 90 000

Equity, ths. Rub. 7317

Liabilities, ths. Rub. 82683

Control questions:

1. Describe the main features of the activities of financial institutions and their evaluation.

2. Describe the spread model of constructing the cash flow of a commercial bank, specify its advantages and disadvantages.

3. Call estimates of multipliers used in a comparative approach to the valuation of a commercial bank, and the reasons for their use in this assessment.