经济增加值(eva)计算方式 (四)（Economic value added (EVA) calculation (four)）.docVIP

经济增加值(eva)计算方式 (四)（Economic value added (EVA) calculation (four)） Introduces calculation method of economic value added The calculation model is given below EVA. The calculation model of 1 and EVA EVA = net operating profit after tax and cost of capital = NOPAT - * total capital weighted average cost of capital Among them: Net operating profit after tax net profit after tax interest expense + = + + minority income this year amortization of goodwill + deferred tax credit balances increase reserve balances increased + + other capitalized research and development costs, capitalized research and development costs in the years of amortization Total capital = common equity + minority interests + deferred tax credit (debit balance is negative) + + (cumulative amortization of goodwill reserve inventory impairment provision for bad debts, etc.) + + + capitalization amount of short-term loans for research and development costs of long term loan + short-term long-term loans due in part The weighted average cost of capital equity capital cost = Unit + unit cost of debt capital. 2, report and accounts adjustment. According to the accounting standards of financial statements reflect the performance of the company has some distortion, in the calculation of economic value added to processing methods of some subjects adjusted accounting statements. Stern Stewart lists more than 160 financial advisers may need to adjust the accounting items, including inventory costs, restructuring costs, marketing costs, taxes, intangible assets, currency devaluation, debt reserve, restructuring costs and amortization of goodwill etc.. But in the study of specific enterprises, adjustment of subjects in general an enterprise and involves not more than 15. But because the EVA Stern Stewart is a financial advisor to the company registered trademark, the adjustment and operation is still not open to the public. (1), the unit cost of debt capital The unit cost of debt capital refers to the tax cost, the