VSTE
Littera Scripta

ISSN (online): 1805-9112

Research ArticleOpen access

The Development of the Financial Health within the Fishing Industry in the South Bohemian Region

Nikola Sagapova1, Josef Gulyás2

  1. Institute of Technology and Business in České Budějovice, Faculty of Corporate Strategy, Department of Tourism and Marketing
  2. Institute of Technology and Business in České Budějovice

Abstract

Ponds and the entire fishpond system are considered important cultural assets and heritage which people have benefitted from until now. They are being used for the commercial breeding of waterfowl and fish, however they are also important from the perspective of water management, recreation, aesthetics, or ecology. This paper aims to evaluate the development of the financial health of the fishing industry in the South Bohemian Region in the period 2003-2019. For the analysis, data from the Bisnode Magnusweb were used. According to the classification of economic activities CZ- NACE, it is sector “A – agriculture, forestry, and fishing, more specifically, subgroup 030000 (Fishing and aquaculture). The analysis includes only companies in the South Bohemian Region due to their highest concentration in this area. Based on the financial statements of the companies operating in the sector of fishing and protection of waters, an average sample company was determined. Subsequently, financial analysis of the whole industry is carried out using the average data. The results indicate that although this industry showed clear reactions to external and internal economic influences during the monitored period, from the economic perspective, the industry has been stabilized very well since the last economic crisis.

Keywords:financial analysisSouth Bohemian Regioncomprehensive evaluationratiosfisherypondslandscape

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