Monetarios

TORIBIO S.A.
BALANCE GENERAL 2016-2017

DETALLE 2016 2017 VARIACIÓN HORIZONTAL
ACTIVOS BS %
ACTIVOS CORRIENTES
Disponibilidades 312,682.00 7,907,293.00 7,594,611.00 2,429

Cuentas por cobrar comerciales, neto 55,446,012.00 47,581,599.00 (7,864,413.00) (14)
Anticipos 3,820,902.00 4,257,527.00 436,625.00 11
Total Activos Corrientes 59,579,596.00 59,746,419.00 166,823.00 0

ACTIVOS NO CORRIENTES
Inversiones permanentes 608,592.00 576,832.00 (31,760.00) (5)

Activo fijo, neto 1,451,371.00 1,363,493.00 (87,878.00) (6)
Activo diferido, neto 138,471.00 129,459.00 (9,012.00) (7)
Total Activos No Corrientes 2,198,434.00 2,069,784.00 (128,650.00) (6)

TOTAL ACTIVOS 61,778,030.00 61,816,203.00 38,173.00 0
PASIVOS Y PATRIMONIO
PASIVO CORRIENTE
Deudas comerciales 8,616.00 0.00 (8,616.00) (100)

Deudas fiscales y sociales 7,584,542.00 7,277,645.00 (306,897.00) (4)
Otras cuentas por pagar 1,318,282.00 660,344.00 (657,938.00) (50)
Total Pasivos Corrientes 8,911,440.00 7,937,989.00 (973,451.00) (11)
PASIVO NO CORRIENTE
Provisión para indemnizaciones 5,247,468.00 6,394,705.00 1,147,237.00 22
Total Pasivos No Corrientes 5,247,468.00 6,394,705.00 1,147,237.00 22

TOTAL PASIVO 14,158,908.00 14,332,694.00 173,786.00 1
PATRIMONIO
Capital social 10,040,000.00 10,040,000.00 - -
Ajuste de capital 18,234,407.00 18,234,407.00 0.00 0
Ajuste global del patrimonio 364,351.00 364,351.00 0.00 0
Reserva legal 3,657,882.00 4,153,069.00 495,187.00 14
Ajuste de reservas patrimoniales 4,873,441.00 4,989,969.00 116,528.00 2
Utilidad neta del ejercicio 10,449,041.00 9,701,713.00 (747,328.00) (7)
Total Patrimonio 47,619,122.00 47,483,509.00 (135,613.00) (0)
TOTAL PASIVO Y PATRIMONIO 61,778,030.00 61,816,203.00 38,173.00 0
2016 2017
VARIACIÓN VERTICAL VARIACIÓN VERTICAL
S/T (%) S/R (%) S/T (%) S/R (%)
0.51 0.52 12.79 13.23

89.75 93.06 76.97 79.64
6.18 6.41 6.89 7.13
96.44 100.00 96.65 100.00
0.99 27.68 0.93 27.87

2.35 66.02 2.21 65.88
0.22 6.30 0.21 6.25
3.56 100.00 3.35 100.00

100.00 100.00
0.01 0.10 0.00 0.00

12.28 85.11 11.77 91.68
2.13 14.79 1.07 8.32
14.42 100.00 12.84 100.00
8.49 100.00 10.34 100.00
8.49 100.00 10.34 100.00

22.92 23.19
16.25 21.08 16.24 21.14

29.52 38.29 29.50 38.40
0.59 0.77 0.59 0.77
5.92 7.68 6.72 8.75
7.89 10.23 8.07 10.51
16.91 21.94 15.69 20.43
77.08 100.00 76.81 100.00
100.00 100.00
2012-2013 2012 2013-2014 2013 2014-2015 2014 2015-2016 2015 2016
"MORENO S.A." ESTADO DE RESULTADOS VARIACIÓN HORIZONTAL VARIACIÓN VERTICAL VARIACIÓN HORIZONTAL VARIACIÓN VERTICAL VARIACIÓN HORIZONTAL VARIACIÓN VERTICAL VARIACIÓN HORIZONTAL VARIACIÓN VERTICAL VARIACIÓN VERTICAL
DETALLE 2012 2013 2014 2015 2016 BS. % % BS. % % BS. % % BS. % % %
Ventas 2,258,000.00 2,500,000.00 15,235,000.00 5,400,000.00 17,860,000.00 242,000.00 11 100.00 12,735,000.00 509 100.00 (9,835,000.00) (65) 100.00 12,460,000.00 231 100.00 100.00
Costo de Ventas 625,656.00 1,895,895.00 11,625,000.00 4,965,231.00 12,356,235.00 1,270,239.00 203 27.71 9,729,105.00 513 75.84 (6,659,769.00) (57) 76.30 7,391,004.00 149 91.95 69.18
Margen Bruto 1,632,344.00 604,105.00 3,610,000.00 434,769.00 5,503,765.00 (1,028,239.00) (63) 72.29 3,005,895.00 498 24.16 (3,175,231.00) (88) 23.70 5,068,996.00 1166 8.05 30.82
Gastos de Explotación
Energía Eléctrica 23,856.00 32,565.00 47,656.00 48,878.00 56,256.00 8,709.00 37 1.06 15,091.00 46 1.30 1,222.00 3 0.31 7,378.00 15 0.91 0.31
Agua Potable 12,565.00 14,897.00 15,686.00 16,898.00 18,659.00 2,332.00 19 0.56 789.00 5 0.60 1,212.00 8 0.10 1,761.00 10 0.31 0.10
Sueldos y Salarios 123,559.00 235,658.00 189,789.00 359,858.00 489,856.00 112,099.00 91 5.47 (45,869.00) (19) 9.43 170,069.00 90 1.25 129,998.00 36 6.66 2.74
Honorarios Asesores 90,000.00 470,000.00 50,000.00 150,000.00 50,000.00 380,000.00 422 3.99 (420,000.00) (89) 18.80 100,000.00 200 0.33 (100,000.00) (67) 2.78 0.28
Gastos de Investigación 316,000.00 298,000.00 1,262,000.00 226,000.00 230,000.00 (18,000.00) (6) 13.99 964,000.00 323 11.92 (1,036,000.00) (82) 8.28 4,000.00 2 4.19 1.29
Publicidad 80,000.00 76,000.00 77,000.00 15,253.00 92,897.00 (4,000.00) (5) 3.54 1,000.00 1 3.04 (61,747.00) (80) 0.51 77,644.00 509 0.28 0.52
Seguros 95,000.00 94,000.00 220,000.00 102,000.00 105,000.00 (1,000.00) (1) 4.21 126,000.00 134 3.76 (118,000.00) (54) 1.44 3,000.00 3 1.89 0.52
Reparaciones y Mantenimiento 25,000.00 23,000.00 45,000.00 29,000.00 21,000.00 (2,000.00) (8) 1.11 22,000.00 96 0.92 (16,000.00) (36) 0.30 (8,000.00) (28) 0.54 0.59
Gastos de Oficina 129,020.00 125,000.00 143,000.00 179,000.00 456,878.00 (4,020.00) (3) 5.71 18,000.00 14 5.00 36,000.00 25 0.94 277,878.00 155 3.31 0.12
Servicio de te y refrigerio 47,000.00 49,000.00 52,000.00 61,000.00 65,000.00 2,000.00 4 2.08 3,000.00 6 1.96 9,000.00 17 0.34 4,000.00 7 1.13 2.56
Gastos de Telefonía y comunic. 79,879.00 89,765.00 123,500.00 173,655.00 232,535.00 9,886.00 12 3.54 33,735.00 38 3.59 50,155.00 41 0.81 58,880.00 34 3.22 0.36
Multas Impositivas - 3,658,985.00 - - - 3,658,985.00 - - (3,658,985.00) (100) 146.36 - - - - - - -
Total Gastos de Explotación 1,021,879.00 5,166,870.00 2,225,631.00 1,361,542.00 1,818,081.00 4,144,991.00 406 45.26 (2,941,239.00) (57) 206.67 (864,089.00) (39) 14.61 456,539.00 34 25.21 10.18
Margen de Explotación 610,465.00 (4,562,765.00) 1,384,369.00 (926,773.00) 3,685,684.00 (5,173,230.00) (847) 27.04 5,947,134.00 (130) (182.51) (2,311,142.00) (167) 9.09 4,612,457.00 (498) (17.16) 20.64
Gastos Ordinarios
Cuentas Incobrables 25,365.00 18,000.00 25,000.00 12,680.00 19,852.00 (7,365.00) (29) 1.12 7,000.00 39 0.72 (12,320.00) (49) 0.16 7,172.00 57 0.23 0.11
Intereses Pagados 165,300.00 52,653.00 46,000.00 5,687.00 12,655.00 (112,647.00) (68) 7.32 (6,653.00) (13) 2.11 (40,313.00) (88) 0.30 6,968.00 123 0.11 0.07
Total Gastos Ordinarios 190,665.00 70,653.00 71,000.00 18,367.00 32,507.00 (120,012.00) (63) 8.44 347.00 0 2.83 (52,633.00) (74) 0.47 14,140.00 77 0.34 0.18
Margen Ordinario 419,800.00 (4,633,418.00) 1,313,369.00 (945,140.00) 3,653,177.00 (5,053,218.00) (1204) 18.59 5,946,787.00 (128) (185.34) (2,258,509.00) (172) 8.62 4,598,317.00 (487) (17.50) 20.45
Ingresos Extraordinarios
Donaciones recibidas - 4,900,000.00 - 1,200,000.00 - 4,900,000.00 - - (4,900,000.00) (100) 196.00 1,200,000.00 - - (1,200,000.00) (100) 22.22 -
Total Ingresos Extraordinarios - 4,900,000.00 - 1,200,000.00 - 4,900,000.00 - - (4,900,000.00) (100) 196.00 1,200,000.00 - - (1,200,000.00) (100) 22.22 -
Egresos Extraordinarios
Honorarios cuidador terreno "Ovejuyo" 120,000.00 130,000.00 150,000.00 150,000.00 150,000.00 10,000.00 8 5.31 20,000.00 15 5.20 - - 0.98 - - 2.78 0.84
Total Egresos Extraordinarios 120,000.00 130,000.00 150,000.00 150,000.00 150,000.00 10,000.00 8 5.31 20,000.00 15 5.20 - - 0.98 - - 2.78 0.84
Resultado antes de Impuestos 299,800.00 136,582.00 1,163,369.00 104,860.00 3,503,177.00 (163,218.00) (54) 13.28 1,026,787.00 752 5.46 (1,058,509.00) (91) 7.64 3,398,317.00 3,241 1.94 19.61
Impuesto anual 74,950.00 34,145.50 290,842.25 26,215.00 875,794.25 (40,804.50) (54) 3.32 256,696.75 752 1.37 (264,627.25) (91) 1.91 849,579.25 3,241 0.49 4.90
Resultado Neto 224,850.00 102,436.50 872,526.75 78,645.00 2,627,382.75 (122,413.50) (54) 9.96 770,090.25 752 4.10 (793,881.75) (91) 5.73 2,548,737.75 3,241 1.46 14.71
RATIOS
DETALLE 2012 2013
Fondo De Maniobra(Bs) 2,691,525.00 816,527.00
I. PILAR DE LIQUIDEZ
Ratio de Liquidez (Bs) 3.25 1.11
Ratio de la Prueba Acida (Bs) 1.53 0.79
Ratio de Liquidez Inmediata(Bs) 0.90 0.69
II. PILAR DE SOLIDEZ

Ratio de Solvencia (%) 30.39 17.65
III. PILAR DE ENDEUDAMIENTO

Ratio de Endeudamiento General (%) 69.61 82.35
Ratio de Endeudamiento General C/P(%) 21.67 69.77
Ratio de Endeudamiento General L/P(%) 47.94 12.58
Ratio de Endeudamiento Bancario (%) 55.33 61.15
Ratio de Endeudamiento Bancario C/P (%) 10.10 50.21
Ratio de Endeudamiento Bancario L/P (%) 45.24 10.94
Ratio de Endeudamiento No Bancario (%) 14.27 21.20
Ratio de Endeudamiento No bancario C/P (%) 11.57 19.56
Ratio de Endeudamiento No Bancario L/P (%) 2.70 1.64
IV. PILAR DE RENTABILIDAD

Ratio ROA HORIZONTAL (%) - 1.24
Ratio ROA VERTICAL (%) 4.07 0.93
Ratio ROE HORIZONTAL (%) - 5.67
Ratio ROE VERTICAL (%) 13.39 5.29
V. PILAR DE ACTIVIDAD
Ratio cuota de mercado (%) 15.05 11.36
Ratio de evolucion de las ventas (%) 10.72 509.40
ratio de carga financiera (%) 27.08 -1.15
Ratio de rotacion de Mercaderia (H) - 0.85
Ratio de rotacion de Mercaderia (V) 0.30 0.78
Ratio de plazo de cobro (H) (N° de dias) - 100.80
Ratio de plazo de cobro (V) (N° de dias) 103.13 108.45
Ratio de plazo de pago (H) (N° de dias) - 45.41
Ratio de plazo de pago (V) (N° de dias) 10.67 79.92
Ratio de Eficiencia (%) 62.60 855.29
Ratio RAI respecto a las ventas (%) 13.28 5.46
Ratio de Evolucion de Beneficios (%) - -54.44
2012 2013
VENTAS DEL SECTOR
15000000.00 22000000.00
OS
2014 2015 2016
1,949,114.00 3,993,809.84 5,733,550.39 02.01 S.I.
IQUIDEZ 03.02 Ing

1.07 1.25 1.73 04.02 Egr
0.75 0.75 1.61 04.03 Ing
0.03 0.08 1.35 07.04 Ing
09.04 Egr
SOLIDEZ 06.05 Egr

9.08 12.81 35.61 12.06 Ing
15.07 Egr
UDAMIENTO 16.08 Ing

90.92 87.19 64.39 17.09 Ing
86.26 68.68 46.19 19.10 Egr
4.66 18.51 18.20 22.11 Egr
57.92 34.63 22.31 23.12 Egr
56.30 25.86 10.57 25.12 Ing
1.63 8.77 11.74 31.12 Act
32.99 52.57 42.08 31.12 Ing
29.96 42.82 35.62 31.12 Egr
3.03 9.74 6.46
SALDO:
NTABILIDAD
3.95 0.28 13.19
2.63 0.34 15.42
35.25 2.65 58.47
28.94 2.69 43.31
CTIVIDAD 02.01 S.I.

33.12 7.01 14.88 03.02 Ing
-64.56 230.74 -100.00 04.02 Egr
3.32 -0.61 0.34 04.03 Ing
2.04 0.59 2.82 07.04 Ing
1.29 0.63 13.76 09.04 Egr
245.06 691.97 30.37 06.05 Egr
472.33 51.36 45.21 12.06 Ing
63.06 182.64 158.99 15.07 Egr
95.07 213.08 73.38 16.08 Ing
61.65 313.16 33.03 17.09 Ing
7.64 1.94 19.61 19.10 Egr
751.77 -90.99 3240.81 22.11 Egr
23.12 Egr
2014 2015 2016
46000000.00 77000000.00 120000000.00 25.12 Ing
31.12 Act
31.12 Ing
31.12 Egr
SALDO:
Inventarios 2012 Inventarios 2013
1,200,000.00 02.01 S.I. 2,052,352.00
340,000.00 16.02 Ing 1,349,000.00

234,567.00 14.02 Egr
1,349,000.00 15.03 Ing 234,567.00
23,570.00 18.04 Ing 1,120,000.00
1,120,000.00 08.04 Egr
230,000.00 16.05 Egr

2,340,000.00 10.06 Ing 1,459,000.00
1,459,000.00 11.07 Egr
1,239,000.00 14.08 Ing 22,000.00

23,400.00 10.09 Ing 250,000.00
1,250,000.00 29.10 Egr
345,000.00 20.11 Egr
123,000.00 21.12 Egr
234,500.00 23.12 Ing 22,500.00
………………. 31.12 Act ……………….
……………… 31.12 Ing ………………
………………. 31.12 Egr
2,052,352.00 SALDO: 2,415,665.00
1,200,000.00 02.01 S.I. 2,052,352.00

353,994.41 16.02 Ing 1,414,883.89
244,175.20 14.02 Egr
1,397,487.33 15.03 Ing 245,127.21
24,311.31 18.04 Ing 1,165,077.91
1,154,934.46 08.04 Egr
236,475.30 16.05 Egr
2,396,070.37 10.06 Ing 1,507,044.77
1,488,096.21 11.07 Egr
1,258,959.85 14.08 Ing 22,537.84
23,688.75 10.09 Ing 255,183.09
1,260,732.59 29.10 Egr
346,556.91 20.11 Egr
123,114.86 21.12 Egr
234,662.89 23.12 Ing 22,532.26

56,993.94 31.12 Act 112,496.51
31.12 Ing
1,239,731.33 31.12 Egr
6,946,168.86 6,093,816.85 6,797,235.49
852,352.00 SALDO: 363,313.00
ntarios 2013 Inventarios 2014
02.01 S.I. 2,415,665.00 21.01
13.02 Ing 10,345,909.00 23.02

23,570.00 24.02 Egr 1,235,909.00 24.02
14.03 Ing 1,235,899.00 24.03
17.04 Ing 23,400.00 27.04
1,245,899.00 19.04 Egr 1,459,000.00 29.04
23,400.00 16.05 Egr 1,241,000.00 26.05

22.06 Ing 1,234,890.00 22.06
234,500.00 25.07 Egr 2,315,909.00 25.07
26.08 Ing 234,566.00 26.08

27.09 Ing 978,900.00 17.09
1,324,999.00 29.10 Egr 1,235,000.00 19.10
1,241,000.00 28.11 Egr 2,344.00 24.11
234,999.00 27.12 Egr 190,000.00 29.12
22.12 Ing 238,989.00 15.12
31.12 Act ………………. 31.12
31.12 Ing ……………… 31.12
………………. 31.12 Egr ………………. 31.12
SALDO: 8,984,877.00 SALDO:
ACTUALIZACION
ntarios 2013 Inventarios 2014
02.01 S.I. 2,415,665.00 21.01

13.02 Ing 10,878,701.92 23.02
24,728.24 24.02 Egr 1,297,022.19 24.02
14.03 Ing 1,293,236.57 24.03
17.04 Ing 24,350.06 27.04
1,297,820.57 19.04 Egr 1,517,734.53 29.04
24,250.99 16.05 Egr 1,285,287.00 26.05
22.06 Ing 1,270,995.09 22.06
241,260.63 25.07 Egr 2,369,604.21 25.07
26.08 Ing 238,542.42 26.08
27.09 Ing 989,740.12 17.09
1,341,049.84 29.10 Egr 1,243,331.12 19.10
1,250,636.84 28.11 Egr 2,352.33 24.11
235,420.29 27.12 Egr 190,086.86 29.12
22.12 Ing 239,234.98 15.12

31.12 Act 143,152.12 31.12
31.12 Ing 31.12
2,018,755.10 31.12 Egr 3,018,988.04 31.12
6,433,922.49 17,493,618.28 10,924,406.28
SALDO: 6,569,212.00 SALDO:
S.I. 8,984,877.00 02.01 S.I. 7,877,887.00
Ing 245,000.00 23.02 Ing 389,898.00

Egr 1,367,000.00 14.02 Egr
Ing 234,567.00 14.03 Ing 56,788.00
Ing 934,677.00 17.04 Ing 78,989.00
Egr 1,937,899.00 09.04 Egr
Egr 234,564.00 26.05 Egr

Ing 989,999.00 29.06 Ing 34,567.00
Egr 123,456.00 25.07 Egr
Ing 1,249,099.00 26.08 Ing 678,900.00

Ing 23,456.00 27.09 Ing 12,345.00
Egr 1,378,000.00 09.10 Egr
Egr 1,234,909.00 12.11 Egr
Egr 23,100.00 13.12 Egr
Ing 345,667.00 05.12 Ing 89,900.00
Act ………………. 31.12 Act ……………….
Ing ……………… 31.12 Ing ………………
Egr ………………. 31.12 Egr
7,877,887.00 SALDO: 897,767.00
S.I. 6,569,212.00 02.01 S.I. 7,877,887.00

Ing 253,449.19 23.02 Ing 401,871.33
Egr 1,413,899.14 14.02 Egr
Ing 241,594.24 14.03 Ing 58,455.91
Ing 958,234.76 17.04 Ing 81,102.24
Egr 1,986,237.65 09.04 Egr
Egr 239,668.23 26.05 Egr
Ing 1,008,517.58 29.06 Ing 35,220.31
Egr 125,364.35 25.07 Egr
Ing 1,265,053.20 26.08 Ing 687,180.62
Ing 23,712.00 27.09 Ing 12,457.67
Egr 1,388,945.44 09.10 Egr
Egr 1,239,693.23 12.11 Egr
Egr 23,104.40 13.12 Egr
Ing 346,194.82 05.12 Ing 90,133.15

Act 261,563.02 31.12 Act 275,107.61
Ing 31.12 Ing
Egr 8,129,456.69 31.12 Egr
10,927,530.80 14,546,369.12 9,519,415.84
- 3,618,838.32 SALDO: - 6,980,120.00
UFV's
nventarios 2016 2012 2013
02/01/2012 1.71913 02/01/2013 1.8012
03/02/2012 1.72959 16/02/2013 1.81146

2,356,890.00 04/02/2012 1.72992 14/02/2013 1.81094
04/03/2012 1.73830 15/03/2013 1.81808
07/04/2012 1.74587 18/04/2013 1.82642
1,234,560.00 09/04/2012 1.74631 08/04/2013 1.82392
2,345,899.00 06/05/2012 1.75147 16/05/2013 1.83326

12/06/2012 1.75864 10/06/2013 1.83936
2,345,667.00 15/07/2012 1.76557 11/07/2013 1.84669
16/08/2012 1.77223 14/08/2013 1.85459

17/09/2012 1.77883 10/09/2013 1.86134
234,090.00 19/10/2012 1.78545 29/10/2013 1.87719
34,567.00 22/11/2012 1.79269 20/11/2013 1.88529
43,590.00 23/12/2012 1.79910 21/12/2013 1.89653
25/12/2012 1.79953 23/12/2013 1.89721
31/12/2012 1.80078 31/12/2013 1.89993
31/12/2012 1.80078 31/12/2013 1.89993
………………. 31/12/2012 1.80078 31/12/2013 1.89993
nventarios 2016
2,430,720.42
1,268,476.10
2,399,644.39
2,381,912.23
235,960.23
34,733.27
43,669.60
7,704,419.61
16499535.837821
UFV's
2014 2015 2016
02/01/2014 1.90061 21/01/2015 2.01851 02/01/2017 2.09928
13/02/2014 1.91464 23/02/2015 2.02891 03/01/2017 2.10786

24/02/2014 1.91838 24/02/2015 2.02926 04/01/2017 2.10660
14/03/2014 1.92398 24/03/2015 2.03783 05/01/2017 2.11060
17/04/2014 1.93469 27/04/2015 2.04728 06/01/2017 2.11598
19/04/2014 1.93533 29/04/2015 2.0478 07/01/2017 2.11450
16/05/2014 1.94387 26/05/2015 2.05418 08/01/2017 2.12393

22/06/2014 1.95605 22/06/2015 2.06034 09/01/2017 2.13229
25/07/2014 1.96762 25/07/2015 2.06693 10/01/2017 2.13953
26/08/2014 1.97968 26/08/2015 2.07241 11/01/2017 2.14641

27/09/2014 1.99119 17/09/2015 2.07622 12/01/2017 2.15294
29/10/2014 1.99975 19/10/2015 2.08234 13/01/2017 2.15537
28/11/2014 2.00611 24/11/2015 2.09078 14/01/2017 2.16219
27/12/2014 2.01232 29/12/2015 2.09848 15/01/2017 2.16863
22/12/2014 2.01117 15/12/2015 2.09568 16/01/2017 2.16697
31/12/2014 2.01324 31/12/2015 2.09888 17/01/2017 2.17259
31/12/2014 2.01324 31/12/2015 2.09888 18/01/2017 2.17259
31/12/2014 2.01324 31/12/2015 2.09888 19/01/2017 2.17259
MORENO S
ÁRBOL DE LA ESTRUCTU
(GESTIÓN 20
MORENO S.A.
ESTRUCTURA FINANCIERA
GESTIÓN 2012)
MORENO S
(GESTIÓN 20
MORENO S.A.
GESTIÓN 2013)
MORENO S
(GESTIÓN 20
MORENO S.A.
GESTIÓN 2014)
MORENO S
(GESTIÓN 20
MORENO S.A.
GESTIÓN 2015)
MORENO S.A.
ÁRBOL DE LA ESTRUCTURA FINANCIE
(GESTIÓN 2016)
.
A FINANCIERA
6)
DETALLE 2012
ACTIVOS
ACTIVOS CORRIENTES
Caja 389,000.00
Bancos 648,000.00
Depósitos a Plazo Fijo M.E. 45,455.00
Cuentas por Cobrar M.E. 638,000.00
Prov. Para cuentas por cobrar M.E. - 69,000.00
Documentos por Cobrar 185,056.00
Inventarios 2,052,352.00
Total Activos Corrientes 3,888,863.00
Bienes Raíces 985,000.00
Menos: Depr. Acum. B. Raíces - 56,586.00
Equipo 573,000.00
Menos: Depr. Acum. Equipo - 32,000.00
Muebles y Enseres 79,000.00
Menos: Depr. Acum. M. y Enseres - 10,556.00
Vehículos 111,000.00
Menos: Depr. Acum. Vehículos - 11,265.00
Total Activos No Corrientes 1,637,593.00
TOTAL ACTIVOS 5,526,456.00
PASIVO CORRIENTE
Documentos por pagar 400,000.00
Provisión para Aguinaldos 36,338.00
Créditos Bancarios por Pagar 558,000.00
Proveedores 203,000.00
Total Pasivos Corrientes 1,197,338.00
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 89,456.00
Créditos Bancarios L/P 2,500,000.00
Cuentas por Pagar L/P 60,000.00
Total Pasivos No Corrientes 2,649,456.00
TOTAL PASIVO 3,846,794.00
PATRIMONIO
Capital Social 950,000.00
Reservas 85,000.00
Ajuste de Reservas Patrimoniales 65,256.00
Ajuste de Capital 55,656.00
Resultado de la gestión 224,850.00
Resultados Acumulados 298,900.00
Total Patrimonio 1,679,662.00
TOTAL PASIVO Y PATRIMONIO 5,526,456.00
HOJA DE TRABAJO PÀRA ELABORAR EL F.E VAR
GESTIONES 2012-2013
(Expresado en Bolivianos)
2013 AUMENTOS DISMINUCIONES
198,000.00 191,000.00
4,630,555.00 3,982,555.00
456,412.00 410,957.00
742,800.00 104,800.00
- 73,000.00 - 4,000.00
96,135.00 88,921.00
2,415,665.00 363,313.00
8,466,567.00
1,540,000.00 555,000.00
- 86,786.00 - 30,200.00
866,000.00 293,000.00
- 44,635.00 - 12,635.00
122,000.00 43,000.00
- 13,456.00 - 2,900.00
128,000.00 17,000.00
- 12,535.00 - 1,270.00
2,498,588.00
10,965,155.00
DISMINUCION AUMENTO
600,000.00 200,000.00
56,694.00 20,356.00
5,505,076.00 4,947,076.00
1,488,270.00 1,285,270.00
7,650,040.00
99,865.00 10,409.00
1,200,000.00 1,300,000.00
80,000.00 20,000.00
1,379,865.00
9,029,905.00
950,000.00
55,000.00 30,000.00
75,656.00 10,400.00
65,585.00 9,929.00
102,436.50 122,413.50
686,572.50 387,672.50
1,935,250.00
10,965,155.00 7,171,033.50 7,171,033.50
PÀRA ELABORAR EL F.E VARIACIONES
GESTIONES 2012-2013
Expresado en Bolivianos)
OPERACIÓN INVERSION FINANCIAMIENTO
- 104,800.00
4,000.00
88,921.00
- 283,384.14
- 438,450.00
24,160.00
- 240,260.00
10,234.35
- 35,690.00
2,262.00
- 12,920.00
990.60
200,000.00
20,356.00
4,947,076.00
1,285,270.00
10,409.00
- 1,300,000.00
20,000.00
- 30,000.00
- 122,413.50
387,672.50
213,677.81 - 727,320.00 4,947,076.00

AUSTES CUENTAS
- 79,928.86 REI
- 116,550.00 REI
6,040.00 REI
- 52,740.00 REI
2,400.65 REI
- 7,310.00 REI
638.00 REI
- 4,080.00 REI
279.40 REI
10,400.00 REI
9,929.00 REI
- 230,921.81 4,202,512.00
4,202,512.00
DETALLE 2013
ACTIVOS
ACTIVOS CORRIENTES
Caja 198,000.00
Bancos 4,630,555.00
Depósitos a Plazo Fijo M.E. 456,412.00
Cuentas por Cobrar M.E. 742,800.00
Prov. Para cuentas por cobrar M.E. (73,000.00)
Documentos por Cobrar 96,135.00
Inventarios 2,415,665.00
Total Activos Corrientes 8,466,567.00
Bienes Raíces 1,540,000.00
Menos: Depr. Acum. B. Raíces (86,786.00)
Equipo 866,000.00
Menos: Depr. Acum. Equipo (44,635.00)
Muebles y Enseres 122,000.00
Menos: Depr. Acum. M. y Enseres (13,456.00)
Vehículos 128,000.00
Menos: Depr. Acum. Vehículos (12,535.00)
Total Activos No Corrientes 2,498,588.00
TOTAL ACTIVOS 10,965,155.00
PASIVO CORRIENTE
Documentos por pagar 600,000.00
Provisión para Aguinaldos 56,694.00
Créditos Bancarios por Pagar 5,505,076.00
Proveedores 1,488,270.00
Total Pasivos Corrientes 7,650,040.00
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 99,865.00
Créditos Bancarios L/P 1,200,000.00
Cuentas por Pagar L/P 80,000.00
Total Pasivos No Corrientes 1,379,865.00
TOTAL PASIVO 9,029,905.00
PATRIMONIO
Capital Social 950,000.00
Reservas 55,000.00
Ajuste de Reservas Patrimoniales 75,656.00
Ajuste de Capital 65,585.00
Resultado de la gestión 102,436.50
Resultados Acumulados 686,572.50
Total Patrimonio 1,935,250.00
TOTAL PASIVO Y PATRIMONIO 10,965,155.00
GESTIONES 2013-2014
2014 AUMENTOS DISMINUCIONES OPERACIÓN
10,000.00 188,000.00
898,009.00 3,732,546.00
- 456,412.00
19,714,837.00 18,972,037.00 - 18,972,037.00
(235,256.00) - 162,256.00 162,256.00
1,208,152.00 1,112,017.00 - 1,112,017.00
8,984,877.00 6,569,212.00 - 5,321,061.72
30,580,619.00
1,620,000.00 80,000.00
(97,898.00) -11,112.00 8,778.48
908,929.00 42,929.00
(54,654.00) -10,019.00 8,015.20
149,050.00 27,050.00
(25,624.00) -12,168.00 9,369.36
135,909.00 7,909.00
(23,456.00) -10,921.00 8,299.96
2,612,256.00
33,192,875.00
DISMINUCION AUMENTO
5,300,000.00 4,700,000.00 4,700,000.00
88,104.00 31,410.00 31,410.00
18,686,856.00 13,181,780.00
4,556,545.00 3,068,275.00 3,068,275.00
28,631,505.00
999,568.00 899,703.00 899,703.00

540,000.00 660,000.00 - 660,000.00
6,565.00 73,435.00 - 73,435.00
1,546,133.00
30,177,638.00
950,000.00
165,056.00 110,056.00 110,056.00
85,959.00 10,303.00
78,989.00 13,404.00
872,256.75 769,820.25 769,820.25
862,976.25 176,403.75 176,403.75
3,015,237.00
33,192,875.00 27,338,113.00 27,338,113.00 - 16,186,163.72
INVERSION FINANCIAMIENTO AUSTES CUENTAS
- 1,248,150.28 REI
- 64,000.00 - 16,000.00 REI

2,333.52 REI
- 33,055.33 - 9,873.67 REI
2,003.80 REI
- 22,181.00 - 4,869.00 REI
2,798.64 REI
- 6,248.11 - 1,660.89 REI
2,621.04 REI
13,181,780.00
10,303.00 REI
13,404.00 REI
- 125,484.44 13,181,780.00 - 1,247,089.84 (4,376,958.00) - 3,920,546.00

HOJA DE TRABAJO PÀR
GE
(Exp
DETALLE 2014 2015 AUMENTOS

ACTIVOS
ACTIVOS CORRIENTES
Caja 10,000.00 165,186.28 155,186.28
Bancos 898,009.00 493,455.00
Depósitos a Plazo Fijo M.E. - 563,434.00 563,434.00
Cuentas por Cobrar M.E. 19,714,837.00 759,780.00
Prov. Para cuentas por cobrar M.E. (235,256.00) (99,893.00)
Documentos por Cobrar 1,208,152.00 9,897,788.00 8,689,636.00
Inventarios 8,984,877.00 7,877,887.00
Total Activos Corrientes 30,580,619.00 19,657,637.28
Bienes Raíces 1,620,000.00 1,846,800.00 226,800.00
Menos: Depr. Acum. B. Raíces (97,898.00) (13,705.72)
Equipo 908,929.00 999,821.90 90,892.90
Menos: Depr. Acum. Equipo (54,654.00) (60,119.40) -5,465.40
Muebles y Enseres 149,050.00 210,160.50 61,110.50
Menos: Depr. Acum. M. y Enseres (25,624.00) (36,129.84) -10,505.84
Vehículos 135,909.00 244,636.20 108,727.20
Menos: Depr. Acum. Vehículos (23,456.00) (42,220.80) -18,764.80
Total Activos No Corrientes 2,612,256.00 3,149,242.84
TOTAL ACTIVOS 33,192,875.00 22,806,880.12
PASIVO CORRIENTE DISMINUCION
Documentos por pagar 5,300,000.00 3,300,000.00 2,000,000.00
Provisión para Aguinaldos 88,104.00 87,675.44 428.56
Créditos Bancarios por Pagar 18,686,856.00 5,896,989.00 12,789,867.00
Proveedores 4,556,545.00 6,379,163.00
Total Pasivos Corrientes 28,631,505.00 15,663,827.44
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 999,568.00 1,399,395.20
Créditos Bancarios L/P 540,000.00 2,000,000.00
Cuentas por Pagar L/P 6,565.00 822,691.08
Total Pasivos No Corrientes 1,546,133.00 4,222,086.28
TOTAL PASIVO 30,177,638.00 19,885,913.72
PATRIMONIO
Capital Social 950,000.00 1,200,000.00
Reservas 165,056.00 171,658.24
Ajuste de Reservas Patrimoniales 85,959.00 89,397.36
Ajuste de Capital 78,989.00 110,584.60
Resultado de la gestión 872,256.75 78,645.00 793,611.75
Resultados Acumulados 862,976.25 1,270,681.20
Total Patrimonio 3,015,237.00 2,920,966.40
TOTAL PASIVO Y PATRIMONIO 33,192,875.00 22,806,880.12 25,444,958.15

JA DE TRABAJO PÀRA ELABORAR EL F.E VARIACIONES
GESTIONES 2014-2015
DISMINUCIONES OPERACIÓN INVERSION FINANCIAMIENTO
404,554.00
18,955,057.00 18,955,057.00
- 135,363.00 - 135,363.00
- 8,689,636.00
1,106,990.00 830,242.50
- 183,708.00
- 84,192.28 - 69,037.67
- 69,078.60
4,263.01
- 49,499.51
8,194.56
- 83,719.94
14,824.19
AUMENTO
- 2,000,000.00
- 428.56
- 12,789,867.00
1,822,618.00 1,822,618.00
399,827.20 399,827.20
1,460,000.00 1,460,000.00
816,126.08 816,126.08
250,000.00 250,000.00
6,602.24 6,602.24
3,438.36
31,595.60
- 793,611.75
407,704.95 407,704.95
25,444,958.15 13,422,745.75 - 521,369.05 - 12,789,867.00

AUSTES CUENTAS
276,747.50 REI
- 43,092.00 REI
15,154.61 REI
- 21,814.30 REI
1,202.39 REI
- 11,611.00 REI
2,311.28 REI
- 25,007.26 REI
3,940.61 REI
3,438.36 REI
31,595.60 REI
232,865.80 314066.27 314066.27

HOJA DE TRABAJO PÀRA ELABORAR EL EEFF V
GESTIONES 2015-2016
DETALLE 2015 2016 AUMENTOS DISMINUCIONES

ACTIVOS
ACTIVOS CORRIENTES
Caja 165,186.28 8,789,879.00 8,624,692.72
Bancos 493,455.00 972,764.79 479,309.79
Depósitos a Plazo 563,434.00 898,778.00 335,344.00
Cuentas por Cobra 759,780.00 2,212,123.00 1,452,343.00
Prov. Para cuentas (99,893.00) (897,988.00) - 798,095.00
Documentos por C 9,897,788.00 728,681.05 9,169,106.95
Inventarios 7,877,887.00 897,767.00 6,980,120.00
Total Activos Corr 19,657,637.28 13,602,004.84
Bienes Raíces 1,846,800.00 1,883,736.00 36,936.00
Menos: Depr. Acum (13,705.72) (13,979.83) -274.11
Equipo 999,821.90 1,219,782.72 219,960.82
Menos: Depr. Acu (60,119.40) (73,345.67) -13,226.27
Muebles y Ensere 210,160.50 256,395.81 46,235.31
Menos: Depr. Acum (36,129.84) (44,078.40) -7,948.56
Vehículos 244,636.20 247,082.56 2,446.36
Menos: Depr. Acum (42,220.80) (42,643.01) -422.21
Total Activos No 3,149,242.84 3,432,950.17
TOTAL ACTIVOS 22,806,880.12 17,034,955.01
PASIVO CORRIENTE DISMINUCION AUMENTO
Documentos por p 3,300,000.00 4,106,705.55 806,705.55
Provisión para Ag 87,675.44 48,000.00 39,675.44
Créditos Bancario 5,896,989.00 1,800,000.00 4,096,989.00
Proveedores 6,379,163.00 1,913,748.90 4,465,414.10
Total Pasivos Corr 15,663,827.44 7,868,454.45
PASIVO NO CORRIENTE
Prev. Para Benefic 1,399,395.20 699,697.60 699,697.60
Créditos Bancarios 2,000,000.00 2,000,000.00
Cuentas por Pagar 822,691.08 400,000.00 422,691.08
Total Pasivos No 4,222,086.28 3,099,697.60
TOTAL PASIVO 19,885,913.72 10,968,152.05
PATRIMONIO
Capital Social 1,200,000.00 1,200,000.00
Reservas 171,658.24 240,321.54 68,663.30
Ajuste de Reserva 89,397.36 125,156.30 35,758.94
Ajuste de Capital 110,584.60 154,818.44 44,233.84
Resultado de la ge 78,645.00 2,627,382.75 2,548,737.75
Resultados Acumu 1,270,681.20 1,719,123.93 448,442.73
TOTAL PASIVO Y 22,806,880.12 17,034,955.01 20,101,769.06 20,101,769.06

ÀRA ELABORAR EL EEFF VARIACIONES
GESTIONES 2015-2016
Expresado en Bolivianos)
OPERACIÓN INVERSION FINANCIAMIENT AUSTES CUENTAS
- 1,452,343.00
798,095.00
9,169,106.95
5,304,891.20 1,675,228.80 REI
- 28,810.08 - 8,125.92 REI

211.07 63.05 REI
- 171,569.44 - 48,391.38 REI
10,184.23 3,042.04 REI
- 36,063.54 - 10,171.77 REI
6,120.39 1,828.17 REI
- 2,006.02 - 440.35 REI
337.77 84.44 REI
806,705.55
- 39,675.44
- 4,096,989.00
- 4,465,414.10
- 699,697.60
- 422,691.08
68,663.30
35,758.94 REI
44,233.84 REI
2,548,737.75
448,442.73
12,081,674.71 - 238,449.08 - 4,096,989.00 1,693,109.87 9439346.51

9,439,346.51
DETALLE
RECURSOS GENERADOS POR ACTIVIADES OPERATIVAS

Resultados de la Gestión
CARGAS O RESULTADOS QUE NO GENERAN DESEMBOLSO DE EFECTIVO
Provisión para cuentas incobrables M.E.
Depreciación Acumulada Bienes Raices
Depreciación Acumulada Equipo
Depreciación Acumulada Muebles y Enseres
Depreciación Acumulada Vehículos
Provisión para Aguinaldos
Previsión para Beneficios Sociales
Resultados por Exposición a la Inflación
TOTAL CARGOS O RESULTADOS QUE NO GENERAN DESEMBOLS
AUMENTO DE ACTIVO Y DISMINUCIÓN DE PASIVO Y PATRIMONIO
Cuentas por Cobrar M.E.
Inventarios
Reservas
Documentos por Cobrar
Proveedores
Documentos por Pagar
Creditos Bancarios L/P
Cuentas por Pagar L/P
TOTAL AUMENTOSFRA ACTIVO Y DISMINUCION DE PASIVO Y
AUMENTO DE PASIVO Y PATRIMONIO Y DISMINUCIÓN DE ACTIVO
Cuentas por Cobrar M.E.
Inventarios
Documentos por pagar
Proveedores
Cuentas por pagar L/P
Resultados Acumulados
Documentos por cobrar
Reservas
Capital Social
Equipo
Muebles y Enseres
Vehículos
TOTAL AUMENTO DE PASIVO Y PATRIMONIO Y DISMINUCIÓN D
TOTAL RECURSOS GENERADOS POR ACTIVIDADES DE OPERAC
ACTIVIDADES DE INVERSION
Adquisicion de Bienes Raices
Adquisicion de Equipo
Adquisicion de Muebles y Enseres
Adquisicion de Vehiculo
TOAL ACTIVIDADES DE INVERSION
ACTIVIDADES DE FINANCIAMIENTO
Créditos Bancarios por pagar
Créditos Bancarios a L/P
TOTAL ACTIVIDADES DE FINANCIAMIENTO
TOTAL ACTIVIDADES DE FINANCIAMIENTO E INVERSION
TOTAL DISMINUCIÓN/AUMENTO DE ACTIVO
Efectivo al inicio del periodo
TOTAL EFECTIVO AL FINAL DEL PERIODO
ESTADO DE FL
ANALISIS HORIZONT
2012-2013 2013-2014 2014-2015 2015-2016
BS
-122413.50 769820.25 (793,611.75) 2548737.75 892233.75

SO DE EFECTIVO
4000.00 162256.00 -135363.00 -422691.08 158256.00
22650.00 8667.36 -66511.9 227.51 -13982.64
10613.40 7514.25 4,372.32 10713.28 -3099.15
2175.00 9491.04 8,089.50 6358.85 7316.04
1016.00 8955.22 14,636.54 333.54 7939.22
20356.00 31410.00 (428.56) -39675.44 11054.00
10409.00 899703.00 399827.2 -699697.60 889294.00
-291898.65 ### 136388.66 1558259.94 -895787.53
### -59689.31 361010.76 413829.00 160989.94
TRIMONIO
-104800.00 ### -1452343.00 -18867237.00
-272484.75 272484.75
-30000.00 ### -5356753.84
### -8689636.00 -1112017.00
-4096989.00 0.00
### 0.00
### -660000.00 -12789867.00 798095.00 640000.00
-73435.00 -4465414.10 -73435.00
### ### ### -9216651.10
DE ACTIVO
18955057.00 0.00
896661.90 5444493.60 0.00
200000.00 4700000.00 806705.55 4500000.00
1285270.00 3068275.00 1822618.00 1783005.00
20000.00 816126.08 -20000.00
387672.50 176403.75 407704.95 448442.73 -211268.75
88921.00 9169106.95 -88921.00
110056.00 6602.24 68663.30 110056.00
250000.00
### ### ### ### 6072871.25

-68514.00 ### -757333.82 9683327.78 ###
-399600.00 -61600.00 (176,904.00) -29179.44 338000.00

-228540.00 -30908.88 -74532.18 -178168.26 197631.12
-33970.00 -20287.50 -45832.88 -34676.48 13682.50
-13940.00 -6564.47 -91330.85 -1957.09 7375.53
### ### -388599.91 -243981.27 556689.15
4947076.00 ### 8234704.00

1460000.00
### ### 1460000.00 0.00 8234704.00
### ### 1071400.09 -243981.27
### ### 314066.27 9439346.51 ###
1082455.00 5284967.00 908009 1222075.28 4202512.00
### 908009.00 1222075.27 ### -4376958.00
ADO DE FLUJO DE EFECTIVO
ANALISIS HORIZONTAL
SIS HORIZONTAL ANALISIS HORIZONTAL
3
1 -2 2 -3
-4
% Bs % Bs
-728.87 -1563432.00 -203.09 3342349.50
3956.40 -297619.00 -183.43 -287328.08

-61.73 -75179.26 -867.38 66739.41
-29.20 -3141.93 -41.81 6340.96
336.37 -1401.54 -14.77 -1730.65
781.42 5681.32 63.44 -14303.00
54.30 -31838.56 -101.36 -39246.88
8543.51 -499875.80 -55.56 -1099524.80
306.88 1324074.84 -111.48 1421871.28
420700.07 52818.24
18003.09 18972037.00 -100.00 -1452343.00

-100.00
17855.85 5386753.84 -100.00
-7577619.00 681.43 8689636.00
-4096989.00
-2000000.00 2000000.00
-49.23 -12129867.00 1837.86 13587962.00
73435.00 -100.00 -4465414.10
2724739.84 14262851.90
18955057.00 -18955057.00
896661.90 4547831.70
2250.00 -4700000.00 -100.00 806705.55
138.73 -1245657.00 -40.60 -1822618.00
-100.00 816126.08 -816126.08
-54.50 231301.20 131.12 40737.78
-100.00 9169106.95
-103453.76 -94.00 62061.06
250000.00 -250000.00
15100035.42 -7217358.04
18666175.40 -107.03 10440661.60
-84.58 -115304.00 187.18 147724.56

-86.48 -43623.30 141.14 -103636.08
-40.28 -25545.38 125.92 11156.40
-52.91 -84766.38 1291.29 89373.76
-269239.06 144618.64
166.46 -13181780.00 -100.00

1460000.00 -1460000.00
### -1460000.00
### -1315381.36
0.00 6675156.34 -152.51 9125280.24
-4376958.00 -82.82 314066.28
314066.27 34.59 9439346.52
SIS HORIZONTAL
ANALISIS VERTICAL
3
-4 2012-2013 2013-2014 2014-2015
% S/T(%) S/R(%) S/T(%) S/R (%) S/T(%)
-421.16 -2.32 100.00 84.78 100.00 -64.94
212.26 0.08 -1.81 17.87 -271.83 -11.08

-100.34 0.43 -10.26 0.95 -14.52 -5.44
145.03 0.20 -4.81 0.83 -12.59 0.36
-21.39 0.04 -0.99 1.05 -15.90 0.66
-97.72 0.02 -0.46 0.99 -15.00 1.20
9157.85 0.39 -9.22 3.46 -52.62 -0.04
-275.00 0.20 -4.72 99.09 -1507.31 32.72
1042.51 -5.52 132.27 -130.80 1989.78 11.16
-4.18 100.00 -6.57 100.00 29.54
-1.98 6.14 -2089.41 72.40

-5.16 15.96 0.00
-0.57 1.76 -593.25 20.56
-100.00 0.00 -122.47 4.24 -711.06
0.00 0.00 0.00
-100.00 0.00 0.00 0.00 -163.66
-106.24 -24.60 76.14 -72.69 2.52 -1046.57
0.00 -8.09 0.28
100.00 100.00
-100.00 0.00 0.00 1551.05

507.20 0.00 0.00 73.37
3.78 10.09 517.62 58.35 0.00
-100.00 24.32 64.85 337.91 38.09 149.14
-100.00 0.38 1.01 0.00 66.78
9.99 7.34 19.56 19.43 2.19 33.36
1.68 4.49 0.00
940.00 0.00 12.12 1.37 0.54
-100.00 0.00 0.00 20.46
0.00 0.00
0.00 0.00
0.00 0.00
100.00 100.00
-1378.61 -1.30 -1920.62 -61.97
-83.51 -7.56 59.11 -6.78 51.61 -14.48

139.05 -4.32 33.81 -3.40 25.90 -6.10
-24.34 -0.64 5.02 -2.23 17.00 -3.75
-97.86 -0.26 2.06 -0.72 5.50 -7.47
100.00 100.00
93.61 100.00 1451.72 100.00

-100.00 0.00 0.00 119.47
100.00 100.00
2905.53 79.52 -482.04 25.70

34.59 20.48 100.00 582.04 100.00 74.30
772.40 100.00 100.00 100.00
RTICAL
2014-2015 2015-2016
S/R(%) S/T(%) S/R(%)
100.00 23.91 100
-37.50 -3.96 -102.14

-18.42 0.05
1.21 0.10 2.59
2.24 0.06 1.54
4.05 0.00 0.08
-0.12 -0.37 -9.59 200.00
110.75 -6.56 -169.08
37.78 14.62 376.55
100.00 3.88 100.00
0.00 -13.62 15.76

0.00 0.00
0.00 0.00
37.01 0.00
0.00 -38.43 44.45
8.52 0.00
54.47 7.49 -8.66
0.00 -41.88 48.45
100.00 100.00
81.86 0.00 0.00

3.87 51.07 34.16
0.00 7.57 5.06
7.87 0.00 0.00
3.52 0.00 0.00
1.76 4.21 2.81
0.00 86.00 57.53
0.03 0.64 0.43
1.08 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
100.00 100.00
90.83
26.17 -0.27 11.96

11.02 -1.67 73.03
6.78 -0.33 14.21
13.51 -0.02 0.80
100.00 100.00
0.00 0.00 0.00

100.00 0.00 0.00
100.00 100.00
88.54
100.00 11.46 100.00
100.00
HOJA DE TRABAJO PARA ELABORAR EL ESTADO DE ORIGEN Y AP
GESTIONES 2012-2013
DETALLE 2012 2013

ACTIVOS
ACTIVOS CORRIENTES
Caja 389,000.00 198,000.00
Bancos 648,000.00 4,630,555.00
Depósitos a Plazo Fijo M.E. 45,455.00 456,412.00
Cuentas por Cobrar M.E. 638,000.00 742,800.00
Documentos por Cobrar 185,056.00 96,135.00
Inventarios 2,052,352.00 2,415,665.00
Bienes Raíces 985,000.00 1,540,000.00
Equipo 573,000.00 866,000.00
Menos: Depr. Acum. Equipo (32,000.00) (44,635.00)
Muebles y Enseres 79,000.00 122,000.00
Menos: Depr. Acum. M. y Enseres (10,556.00) (13,456.00)
Vehículos 111,000.00 128,000.00
Menos: Depr. Acum. Vehículos (11,265.00) (12,535.00)
TOTAL ACTIVOS 5,526,456.00 10,965,155.00
PASIVO CORRIENTE
Documentos por pagar 400,000.00 600,000.00
Provisión para Aguinaldos 36,338.00 56,694.00
Créditos Bancarios por Pagar 558,000.00 5,505,076.00
Proveedores 203,000.00 1,488,270.00
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 89,456.00 99,865.00
Créditos Bancarios L/P 2,500,000.00 1,200,000.00
TOTAL PASIVO 3,846,794.00 9,029,905.00
PATRIMONIO
Capital Social 950,000.00 950,000.00
Reservas 85,000.00 55,000.00
Resultado de la gestión 224,850.00 102,436.50
Resultados Acumulados 298,900.00 686,572.50
TOTAL PASIVO Y PATRIMONIO 5,526,456.00 10,965,155.00
DISMINUCION EN EL CAPITAL DE TRABAJO
ABORAR EL ESTADO DE ORIGEN Y APLICACIÓN DE FONDOS
GESTIONES 2012-2013
AUMENTOS DISMINUCIONES ORIGEN APLICACIÓN
191,000.00
3,982,555.00
410,957.00
104,800.00
- 4,000.00
88,921.00
363,313.00
555,000.00
30,200.00
293,000.00
12,635.00
43,000.00
2,900.00
17,000.00
1,270.00
DISMINUCION AUMENTO
200,000.00
20,356.00
4,947,076.00
1,285,270.00
10,409.00
1,300,000.00
20,000.00
0.00 0.00
30,000.00
10,400.00
9,929.00
122,413.50
387,672.50
4,857,625.00 6,732,623.00 485,415.50 2,360,413.50

1,874,998.00 1,874,998.00
6,732,623.00 6,732,623.00 485,415.50 485,415.50
REGLA
>PASIVO Y PATRIMONIO
ORIGENES
< ACTIVO
>ACTIVO APLICACION
<PASIVO Y PATRINOMIO ES
HOJA DE TRABAJO PARA ELABORAR EL ESTADO D
GESTIONES 2014-20
(Expresado en Bolivia
DETALLE 2014 2015

ACTIVOS
ACTIVOS CORRIENTES
Caja 10,000.00 165,186.28
Bancos 898,009.00 493,455.00
Depósitos a Plazo Fijo M.E. - 563,434.00
Cuentas por Cobrar M.E. 19,714,837.00 759,780.00
Documentos por Cobrar 1,208,152.00 9,897,788.00
Inventarios 8,984,877.00 7,877,887.00
Bienes Raíces 1,620,000.00 1,846,800.00
Equipo 908,929.00 999,821.90
Vehículos 135,909.00 244,636.20
TOTAL ACTIVOS 33,192,875.00 22,806,880.12
PASIVO CORRIENTE
Documentos por pagar 5,300,000.00 3,300,000.00
Créditos Bancarios por Pagar 18,686,856.00 5,896,989.00
Proveedores 4,556,545.00 6,379,163.00
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 999,568.00 1,399,395.20
Créditos Bancarios L/P 540,000.00 2,000,000.00
TOTAL PASIVO 30,177,638.00 19,885,913.72
PATRIMONIO
Capital Social 950,000.00 1,200,000.00
Reservas 165,056.00 171,658.24
Resultados Acumulados 862,976.25 1,270,681.20
AUMENTO EN EL CAPITAL DE TRABAJO
RAR EL ESTADO DE ORIGEN Y APLICACIÓN DE FONDOS
GESTIONES 2014-2015
155,186.28
404,554.00
563,434.00
18,955,057.00
135,363.00
8,689,636.00
1,106,990.00
226,800.00
84,192.28
90,892.90
5,465.40
61,110.50
10,505.84
108,727.20
18,764.80
DISMINUCION AUMENTO
2,000,000.00
428.56
12,789,867.00
1,822,618.00
399,827.20
1,460,000.00
816,126.08
250,000.00
6,602.24
3,438.36
31,595.60
793,611.75
407,704.95
24,333,914.84 22,289,219.00 3,410,030.47 1,365,334.63

2,044,695.84 2,044,695.84
24,333,914.84 24,333,914.84 3,410,030.47 3,410,030.47
REGLA
ORIGENES
< ACTIVO
>ACTIVO APLICACION
HOJA DE TRABAJO PARA ELABORAR EL ESTADO DE ORIGEN Y A
GESTIONES 2013-2014
DETALLE 2013 2014

ACTIVOS
ACTIVOS CORRIENTES
Caja 198,000.00 10,000.00
Bancos 4,630,555.00 898,009.00
Depósitos a Plazo Fijo M.E. 456,412.00 -
Cuentas por Cobrar M.E. 742,800.00 19,714,837.00
Documentos por Cobrar 96,135.00 1,208,152.00
Inventarios 2,415,665.00 8,984,877.00
Bienes Raíces 1,540,000.00 1,620,000.00
Equipo 866,000.00 908,929.00
Vehículos 128,000.00 135,909.00
TOTAL ACTIVOS 10,965,155.00 33,192,875.00
PASIVO CORRIENTE
Documentos por pagar 600,000.00 5,300,000.00
Proveedores 1,488,270.00 4,556,545.00
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 99,865.00 999,568.00
Créditos Bancarios L/P 1,200,000.00 540,000.00
TOTAL PASIVO 9,029,905.00 30,177,638.00
PATRIMONIO
Capital Social 950,000.00 950,000.00
Reservas 55,000.00 165,056.00
Resultados Acumulados 686,572.50 862,976.25
AUMENTO DE CAPITAL DE TRABAJO
RAR EL ESTADO DE ORIGEN Y APLICACIÓN DE FONDOS
GESTIONES 2013-2014
188,000.00
3,732,546.00
456,412.00
18,972,037.00
- 162,256.00
1,112,017.00
6,569,212.00
80,000.00
11,112.00
42,929.00
10,019.00
27,050.00
12,168.00
7,909.00
10,921.00
DISMINUCION AUMENTO
4,700,000.00
31,410.00
13,181,780.00
3,068,275.00
899,703.00
660,000.00
73,435.00
110,056.00
10,303.00
13,404.00
769,820.25
176,403.75
26,491,010.00 25,358,423.00 2,023,910.00 891,323.00

1,132,587.00 1,132,587.00
26,491,010.00 26,491,010.00 2,023,910.00 2,023,910.00
REGLA
ORIGENES
< ACTIVO
>ACTIVO APLICACION
HOJA DE TRABAJO PARA ELABORAR EL ESTA
GESTIÓN 201
DETALLE 2015 2016

ACTIVOS
ACTIVOS CORRIENTES
Caja 165,186.28 8,789,879.00
Bancos 493,455.00 972,764.79
Depósitos a Plazo Fijo M.E. 563,434.00 898,778.00
Cuentas por Cobrar M.E. 759,780.00 2,212,123.00
Documentos por Cobrar 9,897,788.00 728,681.05
Inventarios 7,877,887.00 897,767.00
Bienes Raíces 1,846,800.00 1,883,736.00
Equipo 999,821.90 1,219,782.72
Vehículos 244,636.20 247,082.56
TOTAL ACTIVOS 22,806,880.12 17,034,955.01
PASIVO CORRIENTE
Documentos por pagar 3,300,000.00 4,106,705.55
Proveedores 6,379,163.00 1,913,748.90
PASIVO NO CORRIENTE
Prev. Para Beneficios Sociales 1,399,395.20 699,697.60
Créditos Bancarios L/P 2,000,000.00 2,000,000.00
TOTAL PASIVO 19,885,913.72 10,968,152.05
PATRIMONIO
Capital Social 1,200,000.00 1,200,000.00
Reservas 171,658.24 240,321.54
Resultado de la gestión 78,645.00 2,627,382.75
Resultados Acumulados 1,270,681.20 1,719,123.93
AUMENTO DE CAPITAL DE TRABAJO
BORAR EL ESTADO DE ORIGEN Y APLICACIÓN DE FONDOS
GESTIÓN 2015-2016
AUMENTO DISMINUCION ORIGEN
8,624,692.72
479,309.79
335,344.00
1,452,343.00
- 798,095.00
9,169,106.95
6,980,120.00
274.11
13226.268
7948.5648
422.208
DISMINUCION AUMENTO
806,705.55
39,675.44
4,096,989.00
4,465,414.10
68,663.30
35,758.94
44,233.84
2,548,737.75
448,442.73
18,695,673.05 16,955,932.50 3,167,707.72

1,739,740.55
18,695,673.05 18,695,673.05 3,167,707.72
DE FONDOS
REGLA
>PASIVO Y PATRIMONIO ORIGENES

< ACTIVO
APLICACIÓN
>ACTIVO
APLICACION
36,936.00
219,960.82
46,235.31
2,446.36
699,697.60
422,691.08
1,427,967.17
1,739,740.55
3,167,707.72
ESTADO DE ORIGEN Y APLICACIÒN DE FONDOS
ORÌGENES 2012-2013
Depr. Acum. B. Raíces de la gestiòn 30,200.00

Depr. Acum. Equipo de la gestiòn 12,635.00
Depr. Acum. M. y Enseres de la gestiòn 2,900.00
Depr. Acum. Vehículos de la gestiòn 1,270.00
Prev. Para Beneficios Sociales de la gestiòn 10,409.00
Incremento de obligaciones con terceros de la gestiòn 20,000.00
Ajuste de Reservas Patrimoniales por efecto inflacionario 10,400.00
Ajuste de Capital Social por efecto inflacionario 9,929.00
Registro de Ganancias Acumuladas 387,672.50
TOTAL ORÌGENES 485,415.50
APLICACIONES
Incremento de inversiones en Bienes Raìces 555,000.00
Adquisiciòn de Equipo de la gestiòn 293,000.00
Adquisiciòn de Muebles y Enseres de la gestiòn 43,000.00
Adquisiciòn de Vehiculos de la gestiòn 17,000.00
Disminuciòn de obligaciones con Entidades Financieras de la gestiòn 1,300,000.00
Decremento de las Reservas de la gestiòn 30,000.00
Resultado de la gestiòn 122,413.50
TOTAL APLICACIONES 2,360,413.50
DISMINUCIÒN EN EL CAPITAL DE TRABAJO -1,874,998.00
N DE FONDOS
VARIACIÓN
S/T (%) S/R(%)
1.61 6.22
0.67 2.60
0.15 0.60
0.07 0.26
0.56 2.14
1.07 4.12
0.55 2.14
0.53 2.05
20.68 79.86
25.89 100
-29.60 23.51
-15.63 12.41
-2.29 1.82
-0.91 0.72
-69.33 55.08
-1.60 1.27
-6.53 5.19
-125.89 100
100
ORÌGENES 2013-2014
Depr. Acum. B. Raíces de la gestiòn 11,112.00
Incremento de las reservas de la gestiòn 110,056.00
TOTAL ORÌGENES 2,023,910.00
APLICACIONES
Disminuciòn de obligaciones con Entidades Financieras de la gestiòn 660,000.00
Disminuciòn de obligaciones con terceros de la gestiòn 73,435.00
TOTAL APLICACIONES 891,323.00
AUMENTO EN EL CAPITAL DE TRABAJO 1,132,587.00
DE FONDOS
VARIACIÓN VERTICAL
S/T (%) S/R(%)
67.97 38.04
0.98 0.55
0.88 0.50
1.07 0.60
0.96 0.54
79.44 44.45
9.72 5.44
0.91 0.51
1.18 0.66
15.58 8.72
178.70 100
-7.06 8.98
-3.79 4.82
-2.39 3.03
-0.70 0.89
-58.27 74.05
-6.48 8.24
-78.70 100
100
ORÌGENES 2014-2015

Incremento de obligaciones con Entidades Financieras de la gestiòn 1,460,000.00
Incremento de obligaciones con terceros de la gestiòn 816,126.08
Capitalizaciòn de la gestiòn 250,000.00
Incremento de la reserva de la gestiòn 6,602.24
APLICACIONES
Venta de Bienes Raices 84,192.28
DE FONDOS
VARIACIÓN VERTICAL
S/T (%) S/R(%)
0.27 0.16
0.51 0.31
0.92 0.55
19.55 11.73
71.40 42.81
39.91 23.93
12.23 7.33
0.32 0.19
0.17 0.10
1.55 0.93
19.94 11.96
166.77 100
-11.09 16.61
-4.12 6.17
-4.45 6.66
-2.99 4.48
-5.32 7.96
-38.81 58.13
-66.77 100
100
ORÌGENES 2015-2016
Resultado de la gestiòn 2,548,737.75
Depr. Acum. B. Raíces de la gestiòn 274.11
Depr. Acum. Vehículos de la gestiòn 422.21
Incremento de las Reservas de la gestiòn 68,663.30
APLICACIONES
Pago parcial de Beneficios Sociales 699,697.60
Decremento de las obligaciones con terceros de la gestiòn 422,691.08
DE FONDOS
VARIACIÓN VERTICAL
S/T (%) S/R(%)
146.50 80.46
0.02 0.01
0.76 0.42
0.46 0.25
0.02 0.01
3.95 2.17
2.06 1.13
2.54 1.40
25.78 14.16
182.08 100
-2.12 2.59
-12.64 15.40
-2.66 3.24
-0.14 0.17
-40.22 49.00
-24.30 29.60
-82.08 100
100
ORÌGENES
Resultado de la gestiòn
Depr. Acum. B. Raíces de la gestiòn
Depr. Acum. Equipo de la gestiòn
Depr. Acum. M. y Enseres de la gestiòn
Depr. Acum. Vehículos de la gestiòn
Prev. Para Beneficios Sociales de la gestiòn
Incremento de obligaciones con Entidades Financieras de la gestiòn
Incremento de obligaciones con terceros de la gestiòn
Capitalizaciòn de la gestiòn
Incremento de la reserva de la gestiòn
Ajuste de Reservas Patrimoniales por efecto inflacionario
Ajuste de Capital Social por efecto inflacionario
Registro de Ganancias Acumuladas
TOTAL ORÌGENES
APLICACIONES
Incremento de inversiones en Bienes Raìces
Venta de Bienes Raices
Adquisiciòn de Equipo de la gestiòn
Adquisiciòn de Muebles y Enseres de la gestiòn
Adquisiciòn de Vehiculos de la gestiòn
Pago parcial de Beneficios Sociales
Disminuciòn de obligaciones con Entidades Financieras de la gestiòn
Disminuciòn de obligaciones con terceros de la gestiòn
Decremento de las Reservas de la gestiòn
Resultado de la gestiòn
TOTAL APLICACIONES
AUMENTO EN EL CAPITAL DE TRABAJO
DISMINUCIÒN EN EL CAPITAL DE TRABAJO
ESTADO DE ORIGEN Y APLICACIÒN DE FO
1 2 3 4
ANALISIS HORIZONTAL
2012-2013 2013-2014 2014-2015 2015-2016 1-2
Bs
769,820.25 2,548,737.75 769,820.25
30,200.00 11,112.00 274.11 -19,088.00
12,635.00 10,019.00 5,465.40 13,226.27 -2,616.00
2,900.00 12,168.00 10,505.84 7,948.56 9,268.00
1,270.00 10,921.00 18,764.80 422.21 9,651.00
10,409.00 899,703.00 399,827.20 889,294.00
20,000.00 1,460,000.00 -20,000.00
816,126.08 -
250,000.00 -
110,056.00 6,602.24 68,663.30 110,056.00
10,400.00 10,303.00 3,438.36 35,758.94 -97.00
9,929.00 13,404.00 31,595.60 44,233.84 3,475.00
387,672.50 176,403.75 407,704.95 448,442.73 -211,268.75
485,415.50 2,023,910.00 3,410,030.47 3,167,707.72 1,538,494.50
555,000.00 80,000.00 226,800.00 36,936.00 -475,000.00

84,192.28 219,960.82 0.00
293,000.00 42,929.00 90,892.90 46,235.31 -250,071.00
43,000.00 27,050.00 61,110.50 2,446.36 -15,950.00
17,000.00 7,909.00 108,727.20 -9,091.00
699,697.60 -
1,300,000.00 660,000.00 -640,000.00
73,435.00 73,435.00
30,000.00 422,691.08 -30,000.00
122,413.50 793,611.75 -122,413.50
2,360,413.50 891,323.00 1,365,334.63 1,427,967.17 -1,469,090.50
1,132,587.00 2,044,695.84 1,739,740.55 1,132,587.00
-1,874,998.00
LICACIÒN DE FONDOS COMPARATIVO
ALISIS HORIZONTAL ANALISIS HORIZONTAL ANALISIS HORIZONTAL ANALISIS VERTICAL

1-2 2-3 3-4 2012-2013
% Bs % Bs % S/T (%) S/R(%)

-769,820.25 -100.00 2,548,737.75 - -
-63.21 -11,112.00 -100.00 274.11 -1.61 6.22
-20.70 -4,553.60 -45.45 7,760.87 142.00 -0.67 2.60
319.59 -1,662.16 -13.66 -2,557.28 -24.34 -0.15 0.60
759.92 7,843.80 71.82 -18,342.59 -97.75 -0.07 0.26
8,543.51 -499,875.80 -55.56 -399,827.20 -100.00 -0.56 2.14
-100.00 ### -1,460,000.00 -100.00 -1.07 4.12
816,126.08 -816,126.08 -100.00 - -
250,000.00 -250,000.00 -100.00 - -
-103,453.76 -94.00 62,061.06 940.00 - -
-0.93 -6,864.64 -66.63 32,320.58 940.00 -0.55 2.14
35.00 18,191.60 135.72 12,638.24 40.00 -0.53 2.05
-54.50 231,301.20 131.12 40,737.78 9.99 -20.68 79.86
316.94 ### 68.49 -242,322.75 -7.11 -25.89 100
-85.59 146,800.00 183.50 -189,864.00 -83.71 29.60 23.51

84,192.28 135,768.54 161.26 - -
-85.35 47,963.90 111.73 -44,657.59 -49.13 15.63 12.41
-37.09 34,060.50 125.92 -58,664.14 -96.00 2.29 1.82
-53.48 100,818.20 1274.73 -108,727.20 -100.00 0.91 0.72
- 699,697.60 - -
-49.23 -660,000.00 -100.00 - 69.33 55.08
-73,435.00 -100.00 - - -
-100.00 - 422,691.08 1.60 1.27
-100.00 793,611.75 -793,611.75 -100.00 6.53 5.19
-62.24 474,011.63 53.18 62,632.54 4.59 125.89 100
912,108.84 80.53 -304,955.29 -14.91
100
ANALISIS VERTICAL ANALISIS VERTICAL ANALISIS VERTICAL
2013-2014 2014-2015 2015-2016
S/T (%) S/R(%) S/T (%) S/R(%) S/T (%) S/R(%)

67.97 38.04 - - 146.50 80.46
0.98 0.55 - - 0.02 0.01
0.88 0.50 0.27 0.16 0.76 0.42
1.07 0.60 0.51 0.31 0.46 0.25
0.96 0.54 0.92 0.55 0.02 0.01
79.44 44.45 19.55 11.73 - -
- - 71.40 42.81 - -
- - 39.91 23.93 - -
- - 12.23 7.33 - -
9.72 5.44 0.32 0.19 3.95 2.17
0.91 0.51 0.17 0.10 2.06 1.13
1.18 0.66 1.55 0.93 2.54 1.40
15.58 8.72 19.94 11.96 25.78 14.16
178.70 100 166.77 100 182.08 100
-7.06 -8.98 -11.09 16.61 -2.12 2.59

- - -4.12 6.17 -12.64 15.40
-3.79 -4.82 -4.45 6.66 -2.66 3.24
-2.39 -3.03 -2.99 4.48 -0.14 0.17
-0.70 -0.89 -5.32 7.96 - -
- - - - -40.22 49.00
-58.27 -74.05 - - - -
-6.48 -8.24 - - - -
- - - - -24.30 29.60
- - -38.81 58.13 - -
-78.70 100 -66.77 100 -82.08 100
100 100 100

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TORIBIO S.A.

BALANCE GENERAL 2016-2017

Disponibilidades 312,682.00 7,907,293.00 7,594,611.00 2,429

Total Activos Corrientes 59,579,596.00 59,746,419.00 166,823.00 0

Inversiones permanentes 608,592.00 576,832.00 (31,760.00) (5)

Total Activos No Corrientes 2,198,434.00 2,069,784.00 (128,650.00) (6)

Deudas comerciales 8,616.00 0.00 (8,616.00) (100)

Provisión para indemnizaciones 5,247,468.00 6,394,705.00 1,147,237.00 22

Total Pasivos No Corrientes 5,247,468.00 6,394,705.00 1,147,237.00 22

0.51 0.52 12.79 13.23

96.44 100.00 96.65 100.00

0.99 27.68 0.93 27.87

3.56 100.00 3.35 100.00

0.01 0.10 0.00 0.00

8.49 100.00 10.34 100.00

8.49 100.00 10.34 100.00

16.25 21.08 16.24 21.14

II. PILAR DE SOLIDEZ

III. PILAR DE ENDEUDAMIENTO

IV. PILAR DE RENTABILIDAD

IQUIDEZ 03.02 Ing

SOLIDEZ 06.05 Egr

UDAMIENTO 16.08 Ing

CTIVIDAD 02.01 S.I.

340,000.00 16.02 Ing 1,349,000.00

230,000.00 16.05 Egr

1,239,000.00 14.08 Ing 22,000.00

2,052,352.00 SALDO: 2,415,665.00

Inventarios 2012 Inventarios 2013

1,200,000.00 02.01 S.I. 2,052,352.00

234,662.89 23.12 Ing 22,532.26

13.02 Ing 10,345,909.00 23.02

23,400.00 16.05 Egr 1,241,000.00 26.05

26.08 Ing 234,566.00 26.08

SALDO: 8,984,877.00 SALDO:

02.01 S.I. 2,415,665.00 21.01

22.12 Ing 239,234.98 15.12

Ing 245,000.00 23.02 Ing 389,898.00

Egr 234,564.00 26.05 Egr

Ing 1,249,099.00 26.08 Ing 678,900.00

7,877,887.00 SALDO: 897,767.00

Inventarios 2015 Inventarios 2016

S.I. 6,569,212.00 02.01 S.I. 7,877,887.00

Ing 346,194.82 05.12 Ing 90,133.15

02/01/2012 1.71913 02/01/2013 1.8012

03/02/2012 1.72959 16/02/2013 1.81146

2,345,899.00 06/05/2012 1.75147 16/05/2013 1.83326

16/08/2012 1.77223 14/08/2013 1.85459

02/01/2014 1.90061 21/01/2015 2.01851 02/01/2017 2.09928

13/02/2014 1.91464 23/02/2015 2.02891 03/01/2017 2.10786

16/05/2014 1.94387 26/05/2015 2.05418 08/01/2017 2.12393

26/08/2014 1.97968 26/08/2015 2.07241 11/01/2017 2.14641

2013 AUMENTOS DISMINUCIONES

OPERACIÓN INVERSION FINANCIAMIENTO

213,677.81 - 727,320.00 4,947,076.00

2014 AUMENTOS DISMINUCIONES OPERACIÓN

999,568.00 899,703.00 899,703.00

- 64,000.00 - 16,000.00 REI

- 125,484.44 13,181,780.00 - 1,247,089.84 (4,376,958.00) - 3,920,546.00

DETALLE 2014 2015 AUMENTOS

TOTAL PASIVO Y PATRIMONIO 33,192,875.00 22,806,880.12 25,444,958.15

DISMINUCIONES OPERACIÓN INVERSION FINANCIAMIENTO

25,444,958.15 13,422,745.75 - 521,369.05 - 12,789,867.00