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Taller Sociedad Anonima

Inversion

400 Millones

Deuda 70%
Socios 30%

280 Millones
120 Millones

Interes

400

30% con 2 aos muertos

20 Gastos preoperatorios 5 aos


350 Equipos depreciacion a 10 aos
30 Capital de trabajo

Capacidad de pn en unidades
Valor unitario
Costo variable
CIF

La produccion
1 ao
2 ao

450,000
500,000

Impuesto 35%
Flujo de efectivo a los 10 aos

600,000
1000
600
50 Millones

30%

Unidades
Precio de venta
Ingresos

Unidades
Precio de venta
Costos

Saldo inicial
Interes
Abono capital
Saldo final

Ventas
Costos Variables
Margen
Gasto Depreciacin
CIF
Utilidad bruta
Gastos operaci
Diferidos
Utilidad operacional
Gastos financieros
Utilidad antes imp
Impuesto 35%
Utilidad Neta

1
450,000
1,000
450,000,000

1
450,000
600
270,000,000

1
280,000,000
84,000,000
0
280,000,000

2
500,000
600
300,000,000

2
280,000,000
84,000,000
0
280,000,000

3
600,000
1,000
600,000,000

3
600,000
600
360,000,000

Cuadro Costos
4
5
600,000
600,000
600
600
360,000,000
360,000,000

3
280,000,000
84,000,000
35,000,000
245,000,000

Cuadro Gastos financieros


4
5
245,000,000
210,000,000
73,500,000
63,000,000
35,000,000
35,000,000
210,000,000
175,000,000

1
450,000,000
270,000,000
180,000,000

2
500,000,000
300,000,000
200,000,000

3
600,000,000
360,000,000
240,000,000

Estado de Resultados
4
5
600,000,000
600,000,000
360,000,000
360,000,000
240,000,000
240,000,000

35,000,000
50,000,000
95,000,000

35,000,000
50,000,000
115,000,000

35,000,000
50,000,000
155,000,000

35,000,000
50,000,000
155,000,000

35,000,000
50,000,000
155,000,000

4,000,000

4,000,000

4,000,000

4,000,000

4,000,000

84,000,000
7,000,000
2,450,000
4,550,000

84,000,000
27,000,000
9,450,000
17,550,000

84,000,000
67,000,000
23,450,000
43,550,000

73,500,000
77,500,000
27,125,000
50,375,000

63,000,000
88,000,000
30,800,000
57,200,000

0
Entradas
Prestamo
Utilidad antes imp
Depreciacin
Diferidos
Capital de trabajo

2
500,000
1,000
500,000,000

Cuadro Ingresos
4
5
600,000
600,000
1,000
1,000
600,000,000
600,000,000

Estado de flujo de efectivo


4

280,000,000
7,000,000
35,000,000
4,000,000
30,000,000

27,000,000
35,000,000
4,000,000
30,000,000

67,000,000
35,000,000
4,000,000
30,000,000

77,500,000
35,000,000
4,000,000
30,000,000

Total entradas
Salidas
Equipos
Gastos preoperativos
Capital de trabajo
Pago prestamo
Impuesto
Total salidas
Total flujo

280,000,000

76,000,000

96,000,000

136,000,000

146,500,000

350,000,000
20,000,000
30,000,000

400,000,000

30,000,000
2,450,000
32,450,000

30,000,000
9,450,000
39,450,000

30,000,000
35,000,000
23,450,000
88,450,000

30,000,000
35,000,000
27,125,000
92,125,000

(120,000,000)

43,550,000

56,550,000

47,550,000

54,375,000

ngresos
6
600,000
1,000
600,000,000

7
600,000
1,000
600,000,000

8
600,000
1,000
600,000,000

9
600,000
1,000
600,000,000

10
600,000
1,000
600,000,000

6
600,000
600
360,000,000

7
600,000
600
360,000,000

8
600,000
600
360,000,000

9
600,000
600
360,000,000

10
600,000
600
360,000,000

6
175,000,000
52,500,000
35,000,000
140,000,000

7
140,000,000
42,000,000
35,000,000
105,000,000

8
105,000,000
31,500,000
35,000,000
70,000,000

9
70,000,000
21,000,000
35,000,000
35,000,000

10
35,000,000
10,500,000
35,000,000
-

6
600,000,000
360,000,000
240,000,000

7
600,000,000
360,000,000
240,000,000

8
600,000,000
360,000,000
240,000,000

9
600,000,000
360,000,000
240,000,000

10
600,000,000
360,000,000
240,000,000

35,000,000
50,000,000
155,000,000

35,000,000
50,000,000
155,000,000

35,000,000
50,000,000
155,000,000

35,000,000
50,000,000
155,000,000

35,000,000
50,000,000
155,000,000

Costos

s financieros

Resultados

52,500,000
102,500,000
35,875,000
66,625,000

o de flujo de efectivo
5

88,000,000
35,000,000
4,000,000
30,000,000

42,000,000
113,000,000
39,550,000
73,450,000

102,500,000
35,000,000
0
30,000,000

31,500,000
123,500,000
43,225,000
80,275,000

113,000,000
35,000,000
0
30,000,000

21,000,000
134,000,000
46,900,000
87,100,000

10,500,000
144,500,000
50,575,000
93,925,000

10

123,500,000 134,000,000 144,500,000


35,000,000
35,000,000
35,000,000
0
0
0
30,000,000
30,000,000
30,000,000

157,000,000

167,500,000

178,000,000

188,500,000

199,000,000

209,500,000

30,000,000
35,000,000
30,800,000
95,800,000

30,000,000
35,000,000
35,875,000
100,875,000

30,000,000
35,000,000
39,550,000
104,550,000

30,000,000
35,000,000
43,225,000
108,225,000

30,000,000
35,000,000
46,900,000
111,900,000

35,000,000
50,575,000
85,575,000

61,200,000

66,625,000

73,450,000

80,275,000

87,100,000

123,925,000

Unidades
Precio de venta
Ingresos

Unidades
Precio de venta
Costos

Saldo inicial
Interes
Abono capital
Saldo final

Ventas
Costos Variables
Margen
Gasto Depreciacin
CIF
Utilidad bruta
Gastos operaci
Diferidos
Utilidad operacional
Gastos financieros
Utilidad antes imp
Impuesto 35%
Utilidad Neta

1
450,000
1,000
450,000,000

1
450,000
600
270,000,000

1
280,000,000
84,000,000
0
280,000,000

2
500,000
654
327,000,000

2
280,000,000
84,000,000
0
280,000,000

3
600,000
1,188
712,860,000

3
600,000
713
427,716,000

Cuadro Costos
4
5
600,000
600,000
777
847
466,210,440 508,169,380

3
280,000,000
84,000,000
35,000,000
245,000,000

Cuadro Gastos financieros


4
5
245,000,000 210,000,000
73,500,000
63,000,000
35,000,000
35,000,000
210,000,000 175,000,000

1
450,000,000
270,000,000
180,000,000

2
545,000,000
327,000,000
218,000,000

3
712,860,000
427,716,000
285,144,000

Estado de Resultados
4
5
777,017,400 846,948,966
466,210,440 508,169,380
310,806,960 338,779,586

35,000,000
50,000,000
95,000,000

35,000,000
54,500,000
128,500,000

35,000,000
59,405,000
190,739,000

35,000,000
64,751,450
211,055,510

35,000,000
70,579,081
233,200,506

4,000,000

4,000,000

4,000,000

4,000,000

4,000,000

84,000,000
7,000,000
2,450,000
4,550,000

84,000,000
40,500,000
14,175,000
26,325,000

84,000,000
102,739,000
35,958,650
66,780,350

73,500,000
133,555,510
46,744,429
86,811,082

63,000,000
166,200,506
58,170,177
108,030,329

0
Entradas
Prestamo
Utilidad antes imp
Depreciacin
Diferidos
Capital de trabajo
Total entradas

2
500,000
1,090
545,000,000

Cuadro Ingresos
4
5
600,000
600,000
1,295
1,412
777,017,400 846,948,966

40,500,000
35,000,000
4,000,000
32,700,000
112,200,000

102,739,000
35,000,000
4,000,000
35,643,000
177,382,000

Estado de flujo de efectivo


4

280,000,000

280,000,000

7,000,000
35,000,000
4,000,000
30,000,000
76,000,000

133,555,510
35,000,000
4,000,000
38,850,870
211,406,380

Salidas
Equipos
Gastos preoperativos
Capital de trabajo
Pago prestamo
Impuesto
Total salidas
Total flujo

350,000,000
20,000,000
30,000,000

400,000,000

30,000,000
2,450,000
32,450,000

32,700,000
14,175,000
46,875,000

35,643,000
35,000,000
35,958,650
106,601,650

38,850,870
35,000,000
46,744,429
120,595,299

(120,000,000)

43,550,000

65,325,000

70,780,350

90,811,082

ro Ingresos
6
600,000
1,539
923,174,373

7
600,000
1,677
1,006,260,067

8
600,000
1,828
1,096,823,472

9
600,000
1,993
1,195,537,585

10
600,000
2,172
1,303,135,968

6
600,000
923
553,904,624

7
600,000
1,006
603,756,040

8
600,000
1,097
658,094,083

9
600,000
1,196
717,322,551

10
600,000
1,303
781,881,581

7
140,000,000
42,000,000
35,000,000
105,000,000

8
105,000,000
31,500,000
35,000,000
70,000,000

9
70,000,000
21,000,000
35,000,000
35,000,000

10
35,000,000
10,500,000
35,000,000
-

6
923,174,373
553,904,624
369,269,749

7
1,006,260,067
603,756,040
402,504,027

8
1,096,823,472
658,094,083
438,729,389

9
1,195,537,585
717,322,551
478,215,034

10
1,303,135,968
781,881,581
521,254,387

35,000,000
76,931,198
257,338,551

35,000,000
83,855,006
283,649,021

35,000,000
91,401,956
312,327,433

35,000,000
99,628,132
343,586,902

35,000,000
108,594,664
377,659,723

dro Costos

astos financieros
6
175,000,000
52,500,000
35,000,000
140,000,000

de Resultados

52,500,000
204,838,551
71,693,493
133,145,058

tado de flujo de efectivo


5

166,200,506
35,000,000
4,000,000
42,347,448
247,547,954

42,000,000
241,649,021
84,577,157
157,071,864

204,838,551
35,000,000
0
46,158,719
285,997,270

31,500,000
280,827,433
98,289,602
182,537,831

241,649,021
35,000,000
0
50,313,003
326,962,024

21,000,000
322,586,902
112,905,416
209,681,486

280,827,433
35,000,000
0
54,841,174
370,668,607

10,500,000
367,159,723
128,505,903
238,653,820

10

322,586,902 367,159,723
35,000,000
35,000,000
0
0
59,776,879
65,156,798
417,363,781 467,316,521

42,347,448
35,000,000
58,170,177
135,517,625

46,158,719
35,000,000
71,693,493
152,852,212

50,313,003
35,000,000
84,577,157
169,890,161

54,841,174
35,000,000
98,289,602
188,130,775

59,776,879
35,000,000
112,905,416
207,682,295

35,000,000
128,505,903
163,505,903

112,030,329

133,145,058

157,071,864

182,537,831

209,681,486

303,810,618