The difference between pre financing analysis and post financing analysis for financial evaluation

1. The analysis methods are different.

The pre-financing analysis should examine the cash inflow and cash outflow of the technical solution during the entire calculation period, and prepare the cash flow statement of the technical solution investment.

Calculate the financial internal rate of return of the technical solution.

Metrics such as financial net present value and static investment** period.

The post-financing analysis should be based on the pre-financing analysis and the preliminary financing plan, and examine the profitability of the technical solution under the proposed financing conditions.

solvency and financial viability, judging the feasibility of technical solutions under financing conditions.

2. The objects of investigation are different.

The pre-financing analysis examines the cash inflow and cash outflow of the technical solution during the entire calculation period;

The post-financing analysis examines the capabilities of the technical solution under the proposed financing conditions.

Financial analysis can be divided into:

1 Pre-financing analysis.

The pre-financing analysis excludes the impact of changes in the financing plan, and examines the rationality of the project plan design from the perspective of the total profitability of the project investment. At the project proposal stage, only pre-financing analysis can be conducted.

2 Post-financing analysis.

The post-financing analysis should be based on the pre-financing analysis and the preliminary financing plan, and the profitability, solvency and financial viability of the project under the proposed financing conditions should be examined, and the feasibility of the project plan under the financing conditions should be judged. The profitability analysis after financing should also include dynamic and static analysis.

Dynamic analysis consists of the following two levels:

The first is the analysis of the cash flow of the project capital.

The second is the analysis of the cash flow of all parties involved in the investment.

The pre-financing analysis is the benefit of all investment, it can also be said to look at how much money needs to be invested in the project and how much benefit can be produced from the perspective of society, and the approval looks at the total investment benefit.

Post-financing analysis is the benefit generated by capital investment, which is from the perspective of investors (shareholders) to see how much equity capital it needs to invest in the project, and how much benefit it can produce, investors should see.

The main differences between pre-financing and post-financing analysis: (1) Pre-financing analysis: It is a financial analysis that can be started before considering the financing plan, that is, the financial analysis is carried out without considering debt financing.

The pre-financing analysis only analyzes the profitability of the company, and uses the analysis of investment cash flow as the main means. (2) Post-financing analysis: It is the basis for comparing and selecting financing plans, making financing decisions and making final decisions on capital contributions by investors.

Post-financing analysis is mandatory at the feasibility study stage, but only at a phased stage. (3) The pre-financing analysis only analyzes the profitability of the project, and mainly focuses on the discounted cash flow analysis of the project investment, and calculates the internal rate of return and net present value of the project investment, and can also calculate the investment period index (static). The post-financing analysis is mainly to analyze the discounted cash flow of project capital and the discounted cash flow of all investors, including profitability analysis, solvency analysis and financial viability analysis.

In the process of financial evaluation, the pre-financing analysis excludes the impact of changes in the financing plan, and examines the rationality of the project plan design from the perspective of the total profitability of the project investment.

Financial appraisal refers to the financial evaluation of an enterprise that starts from the analysis of the financial risk of the enterprise, evaluates the capital risk, business risk, market risk, investment risk and other factors faced by the enterprise, so as to monitor and evaluate the signal of the enterprise risk, and formulate the corresponding feasible long-term risk control strategy according to the reasons and process of its formation, reduce or even eliminate the risk, so that the enterprise can develop healthily and eternally.

Main content:

According to the current national fiscal and taxation system and the current system, the financial benefits and expenses directly incurred by the project are analyzed and calculated, the financial statements are prepared, the financial evaluation indicators are calculated, and the financial status of the project such as profitability, solvency and foreign exchange balance is examined, so as to judge the financial feasibility of the project.

The financial evaluation of the enterprise starts from the analysis of the financial risk of the enterprise, evaluates the capital risk, the risk of the business and the risk of the market, the investment risk and other factors faced by the enterprise, so as to monitor and evaluate the signal of the enterprise risk, and formulate the corresponding long-term and short-term risk control strategy that can be prudent and filial piety according to the reasons and process of its formation, so as to reduce or even eliminate the risk and make the enterprise develop healthily and eternally.

Answer] :d Analysis] The basic data required for pre-financing analysis are shown in the financial analysis chart, including: construction investment (excluding interest during the construction period), operating income and spring burning, operating capital and working capital.

Pre-financing analysis is a series of preparations for how to raise funds; Post-financing analysis is a series of preparations for how to repay the financing principal and interest during the financing period or not want to repay the financing principal and interest at all.

Before financing, it mainly analyzes the business ability and repayment ability of the enterprise and its affiliates, and after financing, it mainly focuses on post-loan management.

Financial analysis can be divided into:

1 Pre-financing analysis.

The pre-financing analysis excludes the impact of changes in the financing scheme and the total profitability of the project investment.

to examine the rationality of the project design. At the project proposal stage, only pre-financing analysis can be conducted.

2 Post-financing analysis.

The post-financing analysis should be based on the pre-financing analysis and the preliminary financing plan, and examine the profitability and solvency of the project under the proposed financing conditions.

and financial viability, judging the feasibility of the project plan under financing conditions. The profitability analysis after financing should also include dynamic and static analysis.

Dynamic analysis consists of the following two levels:

The first is the project capital.