Variables (a)

Management decisions

Year 1

Year 2

Year 3

IT/MR

0.5

3.5

0.57143

IA/IF

1.333

0.375

2

L = IT/MR − IA/IF

−0.833

3.125

−1.42857

IA/MR

2

1.50

0.857143

IT/IF

−0.3330

0.875

1.33333

G = IA/MR − IT/IF

1.666

0.625

−0.4762

ASSET VARIABLES

VARIABLES LIABILITY

INCREASING ASSETS (IA)

INCREASING FINANCING (IF)

(+) Intangible assets

(+) Own funds or Equity

(+) Gross tangible

(−) Grants and legacies received

(+) Gross investment property

(+) Non-current liabilities

(+) Non-current assets held for sale

(+) Current liabilities

(+) Stocks

(+) Accruals income

(−) Trade debtor and other account to collect

(−) liability accrual

INCREASE TREASURY (IT)

MANAGEMENT RESULT (MR)

(+) Financial Long Term Investments

(+) Undistributed result

(+) Cash and other liquid assets Equivalents

(+) Amortization and value impairment

(+) Financial Sort Term Investments

(+) Grants and legacies received

(−) Accruals income

(+) liability accrual

(+) Contingency