The paper contains the economic analysis of the carried out modernisation of the facilities of a water-park consisting in fitting solar collectors for heating of tap hot water and central heating system. The article presents the data showing investment outlays, operating costs and the calculations concerning the payback time.

The article presents a comprehensive economic analysis of a CO2 injection project in one of the Polish oil fields for both increased production (CO2-EOR) and underground storage (CCS). An interesting differentiator of this work is the use of a multilayered reservoir, which is actually not one reservoir but several located in the same place, as an example. It allows the optimization of the processes of injection, production and storage. Such projects are becoming more and more important because recently, after a period of long-term stagnation, costs of carbon allowances have started to rise which affects e.g. the electricity market in Poland. This can be an important incentive for the development of CCS technology, especially in combination with CO2-EOR. In the case of very high costs of carbon emissions rights CCS may turn out to be a cheaper solution. Economic efficiency is the main determinant of the EOR project’s success, as well as a very significant factor influencing the potential development of CO2 underground storage. Results are based on the numerical simulation of a combined CO2-EOR and CCS project. This analysis has been divided into two parts. The first uses a standard, deterministic approach, based on the DCF method and NPV indicator. It also provides a detailed sensitivity analysis, with particular reference to the impact of oil prices and the cost of carbon emissions rights on a project’s profitability. The second part of the economic analysis is probabilistic and involves estimating the maximum amount of CAPEX using the Monte Carlo method. Two cases were taken into account. The first assumes that the CO2 emitter pays for CO2 storage and the price is equal to 80% of the emissions rights price (with storage revenue). In the second one the emitter does not pay for storage (without storage revenue).

In the event of occupational accidents in mining, investors can calculate approximately how much loss will be incurred at the time of the accident. However, in halting mining as a result of occupational accidents or legislation, investors, will perhaps not care about how much of a loss to profits will arise due to the resulting downtime of mining operations. The reason for this is that there is no such halting in mining operation as yet and mining activity is continued. Avoiding halting mines due to occupational accidents and legislation would enable the prevention of unexpected costs resulting from these time losses. The aim of this study was to find out how much the loss of profits resulting from the downtime of mining enterprises due to the aforementioned reasons are in total, and how much the ratio of loss of profits to annual operating costs is on average on an annual basis. To determine the loss of profits and to minimize the accidents in enterprises, permanent supervisors, who are assigned in the enterprises where they are working, were given a survey through the SurveyMonkey program. Of the 235 permanent supervisors who filled out the survey on behalf of the mining enterprises, 58 answered all of the multiple-choice questions examined in the study. These questions were analyzed together according to different mineral groups and differences in mining operation methods. As a result of the analysis, it was determined that the annual loss of profits of mining enterprises resulting from the aforementioned periods of downtime, and the ratio of these values to the annual operating costs constitute a rather significant share. The aim of the article was to raise awareness to have mining companies appropriate more funds for occupational health and safety.

The distribution of net profit is one of the basic problems of the financial strategy of companies. The amount of retained earnings affects the level of investment and the pace of their development, whereas the level of dividends translates into stock prices. Therefore, it is assumed that maintaining the right proportions in the distribution of net profit into the retained part and the part transferred to the shareholders will translate into the company’s value. The first part of the paper contains theoretical considerations on macroeconomic, microeconomic and the capital market determinants influencing companies’ distribution of net profit. A large group of microeconomic factors – long-term trends in changes of net profit, shareholder structure, the company’s life cycle and its investment opportunities – as well as a selection of financing sources facilitating the attainment of the optimal capital structure are discussed. The most important macroeconomic factors include the economic situation, the level of inflation, sector specifics and the situation on the stock market. The authors present the results of empirical research in which they assume that the dividend yield of companies from the oil and gas sector influences the value of the company depending on the level of investments shaping the book value of shares, and that the dividend yield affects the duration of the return on capital expressed as the price to net profit ratio, and thus the level of company risk. The calculated Pearson linear correlation coefficients show an insignificant influence of the dividend yield on the value of companies from the oil and gas sector. This value is determined by a number of other factors. The study is based on statistical data for 2010–2020 derived from Warsaw Stock Exchange Yearbooks.

At present, a deep transformation of the agrobiocenose organisation under the intense anthropogenic factors’ influence is of particular importance. Thus, a significant increase in the number and harmfulness of pests’, phytopathogens’ and weeds species was noted due to the prevailing favourable conditions for their mass reproduction, expansion of habitats, and harmfulness, which inevitably leads to a significant deterioration in the phytosanitary state of cultivated crops. The phytosanitary trouble of agrobiocenoses allows us to say that today plant protection, being the final link in the cultivating technology for agricultural crops, is one of the most important stages in preserving the harvest improving the quality of the products obtained, and reducing their cost. In the current study it was tried to review the modern paradigm of the agricultural technological process efficiency. The relevance of this research is due to the fact that modern technological processes in agriculture cannot be implemented without the practical use of plant protection measures, in particular, the chemical method, which consists in the use of chemical compounds against pathogens of plants, pests, weeds, and is the most common, contributing to a significant increase in the yield of cultivated crops and labour productivity in agricultural production. All this, in our opinion, indicates the high practical significance of the results obtained.