Tabla de amortizacin

Capital
Tasa Mensual
Periodos
Periodo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

Saldo inicial
$ 600,000,000
$ 583,333,333
$ 566,666,667
$ 550,000,000
$ 533,333,333
$ 516,666,667
$ 500,000,000
$ 483,333,333
$ 466,666,667
$ 450,000,000
$ 433,333,333
$ 416,666,667
$ 400,000,000
$ 383,333,333
$ 366,666,667
$ 350,000,000
$ 333,333,333
$ 316,666,667
$ 300,000,000
$ 283,333,333
$ 266,666,667
$ 250,000,000
$ 233,333,333
$ 216,666,667
$ 200,000,000
$ 183,333,333
$ 166,666,667
$ 150,000,000
$ 133,333,333
$ 116,666,667
$ 100,000,000
$ 83,333,333
$ 66,666,667
$ 50,000,000
$ 33,333,333
$ 16,666,667

Sumatoria Intereses Primeros

Cuota
$ 22,606,667
$ 22,441,667
$ 22,276,667
$ 22,111,667
$ 21,946,667
$ 21,781,667
$ 21,616,667
$ 21,451,667
$ 21,286,667
$ 21,121,667
$ 20,956,667
$ 20,791,667
$ 20,626,667
$ 20,461,667
$ 20,296,667
$ 20,131,667
$ 19,966,667
$ 19,801,667
$ 19,636,667
$ 19,471,667
$ 19,306,667
$ 19,141,667
$ 18,976,667
$ 18,811,667
$ 18,646,667
$ 18,481,667
$ 18,316,667
$ 18,151,667
$ 17,986,667
$ 17,821,667
$ 17,656,667
$ 17,491,667
$ 17,326,667
$ 17,161,667
$ 16,996,667
$ 16,831,667

$ 60,390,000.00

Sumatoria Intereses Totales

###

Tabla de amortizacin Pago a cuota fija

Capital
Tasa Periodica Mensual
Periodos
Periodo
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

Saldo inicial
$ 600,000,000.00
$ 569,938,334.60
$ 539,515,929.21
$ 508,728,454.96
$ 477,571,531.02
$ 446,040,723.99
$ 414,131,547.28
$ 381,839,460.45
$ 349,159,868.57
$ 316,088,121.59
$ 282,619,513.65
$ 248,749,282.41
$ 214,472,608.40
$ 179,784,614.30
$ 144,680,364.27
$ 109,154,863.24
$ 73,203,056.20
$ 36,819,827.47

Cuota
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40
$ 37,261,665.40

Sumatoria Intereses Primer Ao

$ 61,612,593.21

Sumatoria Intereses Totales

$ 70,709,977.22

Tabla de amortizacin Pago a cuota fija con period

Capital
Tasa Mensual
Periodos
Periodo
1
2
3

Saldo inicial
$ 600,000,000.00
$ 600,000,000.00
$ 600,000,000.00

Cuota
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
578,485,281.54
556,695,174.68
534,626,154.45
512,274,650.77
489,637,047.84
466,709,683.59
443,488,849.08
419,970,787.88
396,151,685.51
372,027,718.75
347,594,955.09
322,849,452.05
297,787,206.57
271,404,164.36
246,696,219.20
220,659,212.34
194,288,931.80
167,581,111.67
140,135,515.29
113,135,515.29
$ 85,388,931.43
$ 57,287,191.29
$ 28,825,748.88

Sumatoria Intereses Primeros

Sumatoria Intereses Totales

$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 7,680,000.00
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46
$ 29,194,718.46

$ 92,160,000.00
###

Tabla de amortizacin Pago a cuota fija con period

Capital
Tasa Periodica Mensual
Periodos
Periodo
1
2
3

Saldo inicial
$ 600,000,000.00 $
$ 607,800,000.00 $
$ 615,701,400.00 $

Cuota
-

4
5
6
7
8
9
10
11
12
13
14
15
16
17
18

$
$
$
$
$
$
$
$
$
$
$
$
$
$

623,535,200.00 $
631,813,689.94 $
640,027,267.91 $
648,347,622.39
598,073,660.02
547,146,136.14
495,556,554.45
443,296,308.20
390,356,678.75
336,728,834.11
282,403,827.50
227,372,595.80
171,625,958.08
115,154,614.08
$ 57,949,142.60

$
$
$
$
$
$
$
$
$
$
$
$

58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46
58,702,481.46

Sumatoria Intereses Primer Ao

$ 65,562,521.82

Sumatoria Intereses Totales

$ 83,289,907.18

Cuenta

Cifra ao 2015

Ingresos
Operacionales
(Ventas)

$ 6.750.000.000

Costo de Ventas

$ 3.037.500.000

Utilidad Bruta

$ 3.712.500.000

Gastos
Operacionales
Utilidad
Operacional

Gastos
Financieros
(Sumatoria de
los interese del
primer ao de
cada tabla de
amortizacin)

$ 556.874.000
$ 3.155.626.000

$ 60.390.000

Utilidad antes
de Impuesto

$ 3.095.236.000

Impuestos (34%
sobre la utilidad
antes
de
impuestos)

$ 1.052.380.240

Utilidad Neta

$ 2.042.855.760

Monto Solicitado

Amortizacin Fija a Capital

Amortizacin Pago cuota Fija
Cuota Fija con periodo de graci
Cuota Fija con periodo muerto

$ 600,000,000.00
$ 600,000,000.00
$ 600,000,000.00
$ 600,000,000.00

Tabla de amortizacin pag a cu

Capital
Tasa Mensual
Periodos

Indicadores para la evaluacin

VAN
$ 18,687,000,320.50
TIR
2375%
RB/C=
$4
CON EXCEL RB/C=
$ 94

Tabla de amortizacin
$ 600,000,000.00
0.99%
36
Intereses
$ 5,940,000
$ 5,775,000
$ 5,610,000
$ 5,445,000
$ 5,280,000
$ 5,115,000
$ 4,950,000
$ 4,785,000
$ 4,620,000
$ 4,455,000
$ 4,290,000
$ 4,125,000
$ 3,960,000
$ 3,795,000
$ 3,630,000
$ 3,465,000
$ 3,300,000
$ 3,135,000
$ 2,970,000
$ 2,805,000
$ 2,640,000
$ 2,475,000
$ 2,310,000
$ 2,145,000
$ 1,980,000
$ 1,815,000
$ 1,650,000
$ 1,485,000
$ 1,320,000
$ 1,155,000
$ 990,000
$ 825,000
$ 660,000
$ 495,000
$ 330,000
$ 165,000

Amortizacin
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667
$ 16,666,667

Saldo Final
Cuota Decreciente
$ 583,333,333
$ 165,000
$ 566,666,667
$ 165,000
$ 550,000,000
$ 165,000
$ 533,333,333
$ 165,000
$ 516,666,667
$ 165,000
$ 500,000,000
$ 165,000
$ 483,333,333
$ 165,000
$ 466,666,667
$ 165,000
$ 450,000,000
$ 165,000
$ 433,333,333
$ 165,000
$ 416,666,667
$ 165,000
$ 400,000,000
$ 165,000
$ 383,333,333
$ 165,000
$ 366,666,667
$ 165,000
$ 350,000,000
$ 165,000
$ 333,333,333
$ 165,000
$ 316,666,667
$ 165,000
$ 300,000,000
$ 165,000
$ 283,333,333
$ 165,000
$ 266,666,667
$ 165,000
$ 250,000,000
$ 165,000
$ 233,333,333
$ 165,000
$ 216,666,667
$ 165,000
$ 200,000,000
$ 165,000
$ 183,333,333
$ 165,000
$ 166,666,667
$ 165,000
$ 150,000,000
$ 165,000
$ 133,333,334
$ 165,000
$ 116,666,667
$ 165,000
$ 100,000,000
$ 165,000
$ 83,333,334
$ 165,000
$ 66,666,667
$ 165,000
$ 50,000,000
$ 165,000
$ 33,333,334
$ 165,000
$ 16,666,667
$ 165,000
$0
$ 16,831,667

acin Pago a cuota fija

$ 600,000,000.00
1.20%
18
Intereses
$ 7,200,000.00
$ 6,839,260.02
$ 6,474,191.15
$ 6,104,741.46
$ 5,730,858.37
$ 5,352,488.69
$ 4,969,578.57
$ 4,582,073.53
$ 4,189,918.42
$ 3,793,057.46
$ 3,391,434.16
$ 2,984,991.39
$ 2,573,671.30
$ 2,157,415.37
$ 1,736,164.37
$ 1,309,858.36
$ 878,436.67
$ 441,837.93

Amortizacin
$ 30,061,665.40
$ 30,422,405.39
$ 30,787,474.25
$ 31,156,923.94
$ 31,530,807.03
$ 31,909,176.71
$ 32,292,086.83
$ 32,679,591.88
$ 33,071,746.98
$ 33,468,607.94
$ 33,870,231.24
$ 34,276,674.01
$ 34,687,994.10
$ 35,104,250.03
$ 35,525,501.03
$ 35,391,807.04
$ 36,383,228.73
$ 36,819,827.47

Saldo Final
$ 569,938,334.60
$ 539,515,929.21
$ 508,728,454.96
$ 477,571,531.02
$ 446,040,723.99
$ 414,131,547.28
$ 381,839,460.45
$ 349,159,868.57
$ 316,088,121.59
$ 282,619,513.65
$ 248,749,282.41
$ 214,472,608.40
$ 179,784,614.30
$ 144,680,364.27
$ 109,154,863.24
$ 73,203,056.20
$ 36,819,827.47
$
-

a cuota fija con periodo de gracia

$ 600,000,000.00
1.28%
24
Intereses
Amortizacin
$ 7,680,000.00 $
$ 7,680,000.00 $
$ 7,680,000.00 $
-

Saldo Final
$ 600,000,000.00
$ 600,000,000.00
$ 600,000,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00 $
7,680,000.00
7,404,611.60
7,125,698.24
6,843,214.78
6,557,115.53
6,267,354.21
5,973,883.95
5,676,657.27
5,375,626.08
5,070,741.70
4,761,954.80
4,449,215.43
4,132,472.99
3,811,676.24
3,486,773.30
3,157,711.61
2,824,437.92
2,486,898.33
2,145,038.23
1,798,802.32
1,448,134.60
1,092,978.32
$ 733,276.05
$ 368,969.59

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

21,514,718.46
21,790,106.86
22,069,020.23
22,351,503.68
22,637,602.93
22,927,364.25
22,220,834.51
23,518,061.19
23,819,092.38
24,123,976.76
24,123,976.76
25,745,503.04
25,062,245.48
25,383,042.22
25,707,945.16
26,037,006.86
26,370,280.54
26,707,820.13
27,049,680.23
27,395,916.14
27,746,583.87
28,101,740.14
28,461,442.41
28,825,748.88

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
600,000,000.00
578,485,281.54
556,695,174.68
534,626,154.45
512,274,650.77
489,637,047.84
466,709,683.59
443,488,849.08
419,970,787.88
396,151,685.51
372,027,718.75
347,594,955.09
322,849,452.05
297,787,206.57
271,404,164.36
246,696,219.20
220,659,212.34
194,288,931.80
167,581,111.67
140,135,515.29
113,135,515.29
$ 85,388,931.43
$ 57,287,191.29
$ 28,825,748.88
$ 0.00

o a cuota fija con periodo muerto

$ 600,000,000.00 Periodo Muerto
1.30% Periodo Totales
12 Capital Amortizar
Intereses
$ 7,800,000.00
$ 7,901,400.00
$ 8,004,118.20

Amortizacin
-$ 7,800,000.00
-$ 7,901,400.00
-$ 8,004,118.20

6
18
$ 686,347,622.39
Saldo Final
$ 607,800,000.00
$ 615,701,400.00
$ 623,535,200.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$

8,108,171.74
8,213,577.97
8,320,354.48
8,428,519.09
7,774,957.58
7,112,899.77
6,442,235.21
5,762,852.01
5,074,636.82
4,377,474.84
3,671,249.76
3,955,843.75
2,231,137.46
1,497,009.98
$ 753,338.85

-$ 8,108,171.74
-$ 8,213,577.97
-$ 8,320,354.48
$ 50,273,962.37
$ 50,927,523.88
$ 51,589,581.69
$ 52,260,246.25
$ 52,939,629.45
$ 53,627,844.64
$ 54,325,006.62
$ 55,031,231.70
$ 55,746,637.71
$ 56,471,344.00
$ 57,205,471.48
$ 57,949,142.60

$
$
$
$
$
$
$
$
$
$
$
$
$

631,813,689.94
640,027,267.91
648,347,622.39
598,073,660.02
547,146,136.14
495,556,554.45
443,296,308.20
390,356,678.75
336,728,834.11
282,403,827.50
227,372,595.80
171,625,958.08
115,154,614.08
$ 57,949,142.60
$ 0.00

Amortizaciones
Tasa Interes efectiva
mensual

Periodo de gracia

Periodo Muerto

Cuota Mensual

0.99%

NA

36

Cuota Variable

1.20%

NA

18

$ 37,261,665.40

1.28%

12

36

$ 29,194,718.46

1.30%

NA

18

$ 58,702,481.46

e amortizacin pag a cuota fija

$ 600,000,000.00
1.15%
24
Estado de resultados

Interses Totales

Interese primer ao

Impuestos

Utilidad

$ 109,890,000.00

$ 60,390,000.00

$ 1,052,380.24

$ 2,042,855,760.00

$ 70,709,977.22

$ 61,612,593.21

$ 1,051,964,558.31

$ 2,042,048,848.48

$ 192,833,243.08

$ 92,160,000.00

$ 1,041,578,440.00

$ 2,021,887,560.00

$ 104,429,777.51

$ 88,943,722.87

$ 1,042,671,974.22

$ 2,024,010,302.91

Cuenta
Ingresos Operacionales (Ventas)
Costo de Ventas
Utilidad Bruta
Gastos Operacionales
Utilidad Operacional
Gastos Financieros (Sumatoria de los interese del primer ao de
cada tabla de amortizacin)
Utilidad antes de Impuesto
Impuestos (34% sobre la utilidad antes de impuestos)
Utilidad Neta

Cifra ao 2015
$ 6.750.000.000
$ 3.037.500.000
$ 3.712.500.000
$ 556.874.000
$ 3.155.626.000
$ 60.390.000
$ 3.095.236.000
$ 1.052.380.240
$ 2.042.855.760