Business: Theory and Practice 12(2): 193-202, doi: 10.3846/btp.2011.20
Assessment of Performance Efficiency of Enterprises Producing Electricity in Hydro and Wind Power Plants
expand article infoDaiva Rasciauskaite, Aldona Juozapavičienė
Open Access
Abstract

The system of indicators for assessment of performance efficiency of enterprises producing electricity in hydro and wind power plants is presented in this article. The financial relative indicators are taken from balance and profit (loss) sheets of analyzed enterprises. Three groups of financial relative indicators are calculated. They are as follows: profitability, turnover and solvency. The analysis of profitability showed that because of rapidly increasing costs, the profitability of enterprises producing electricity in hydro and wind power plants had been deteriorating in recent years and for some years had been negative. The analysis of solvency indicators represented that liability of enterprises and risk had increased and liquidity had decreased. Asset turnover indicators told that the efficiency of resources, which were used in activity, had reduced.

Keywords
renewable energy sources, wind power plant, hydro power plant, efficiency, financial relative indicators, profitability, turnover, and solvency