1.

FLUJO DE CAJA DE LAS INVERSIONES

1.1. INVERSION EN ACTIVOS FIJOS
MAQUINARIA
EQUIPOD E COMPUTO
VEHICULO DE CARGA
TOTAL

750,000,000
36,000,000
65,000,000
-851,000,000

CAPITAL DE TRABAJO:
PERIODO
0
1
2
3
4
5
6
7

UNIDADES
300,000
430,000
500,000
520,000
654,000
721,000
922,000

PREOPERATIVOS:

-35,000,000

SALVAMENTO

245,000,000

F C INVERION

PERIODO
0
1
2
3
4
5
6
7
8

OPERACIONES
PERIODO
VENTAS
COSTOS VARIABLES
GASTOS VARIABLES
MARGEN
COSTOS FIJOS
GASTOS FIJOS
DEPRECIACION
UTILIDAD OPERATIVA

PRECIO
5,000
5,300
5,618
5,955
6,312
6,691
7,093

VENTAS
1,500,000,000
2,279,000,000
2,809,000,000
3,096,600,000
4,128,048,000
4,824,211,000
6,539,746,000

FC INVERSION
-1,040,166,667
-80,063,889
-54,472,222
-29,558,889
-106,009,933
-71,550,086
-176,318,875
0
245,000,000

1
2
3
1,500,000,000 2,279,000,000 2,809,000,000
819,000,000 1,174,784,000 1,368,140,800
78,000,000
82,680,000
87,640,800
603,000,000 1,021,536,000 1,353,218,400
127,765,000
133,130,900
138,726,754
15,100,000
15,656,000
16,233,880
95,200,000
95,200,000
95,200,000
364,935,000
777,549,100 1,103,057,766

IMPUESTOS
UTILIDAD DESP IMPTO
DEPRECIACION
F C OPERACIONES

120,428,550
244,506,450
95,200,000
339,706,450

256,591,203
520,957,897
95,200,000
616,157,897

FLUJO CAJA PROYECTO

PERIODO
0
1
2
3
4
5
6
7
8

INVERIONES
-1,040,166,667
-80,063,889
-54,472,222
-29,558,889
-106,009,933
-71,550,086
-176,318,875
0
245,000,000

OPERACIONES

RF
3.28%
1.64%
3.31%
TMRR
VPN
TIR
CTO CAPITAL
PER/GAN

364,009,063
739,048,703
95,200,000
834,248,703

PROYECTO
-1,040,166,667
339,706,450
259,642,561
616,157,897
561,685,675
834,248,703
804,689,814
980,630,100
874,620,167
1,415,466,287 1,343,916,201
1,740,760,356 1,564,441,481
2,507,575,407 2,507,575,407
245,000,000

RM
7.34%

BETA

6.63%

7.10%

CUOTA

INTERESES

ABONO

26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264

19,880,070
19,723,737
19,563,791
19,400,148
19,232,723
19,061,428

6,764,194
6,920,527
7,080,473
7,244,116
7,411,541
7,582,836

0.49

21.10%
2,138,819,542
59.65%
21.10%
38.55%

FINANCIACION
VALOR DEL CREDITO
TASA INICIAL
TASA LIQUIDACION
PERIODO
PERIODO
0
1
2
3
4
5
6

860,166,667
26.50%
2.31%
60

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
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51

26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264

18,886,174
18,706,870
18,523,422
18,335,734
18,143,708
17,947,245
17,746,240
17,540,590
17,330,187
17,114,921
16,894,680
16,669,349
16,438,810
16,202,943
15,961,624
15,714,728
15,462,126
15,203,686
14,939,272
14,668,748
14,391,971
14,108,798
13,819,080
13,522,665
13,219,401
12,909,127
12,591,682
12,266,900
11,934,612
11,594,645
11,246,820
10,890,956
10,526,867
10,154,364
9,773,251
9,383,330
8,984,397
8,576,245
8,158,659
7,731,422
7,294,310
6,847,096
6,389,547
5,921,422
5,442,478

7,758,090
7,937,394
8,120,842
8,308,530
8,500,556
8,697,019
8,898,024
9,103,674
9,314,077
9,529,343
9,749,584
9,974,915
10,205,454
10,441,321
10,682,640
10,929,536
11,182,138
11,440,578
11,704,992
11,975,516
12,252,293
12,535,466
12,825,184
13,121,599
13,424,863
13,735,137
14,052,582
14,377,364
14,709,652
15,049,619
15,397,444
15,753,308
16,117,397
16,489,900
16,871,013
17,260,934
17,659,867
18,068,019
18,485,605
18,912,842
19,349,954
19,797,168
20,254,717
20,722,842
21,201,786

52
53
54
55
56
57
58
59
60
PERIODO
DESEMBOLSO
PAGO CUOTA
BENEFICIO
F C. FINANCIACION

26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264
26,644,264

4,952,465
4,451,127
3,938,201
3,413,422
2,876,513
2,327,196
1,765,182
1,190,180
601,888

21,691,799
22,193,137
22,706,063
23,230,842
23,767,751
24,317,068
24,879,081
25,454,084
26,042,376

0
860,166,667

319,731,168
75,043,667
-244,687,501

319,731,168
65,432,362
-254,298,806

860,166,667

INVERSIONISTA
PERIODO
0
1
2
3
4
5
6
7
8

PROYECTO
-1,040,166,667
259,642,561
561,685,675
804,689,814
874,620,167
1,343,916,201
1,564,441,481
2,507,575,407
245,000,000

COSTO DE CAPITAL
FUENTE
R. PROPIOS
BANCOS
TOTAL

VALOR
180,000,000
860,166,667
1,040,166,667

VPN
TIR
PER/GAN

1,515,441,817
123.74%
94.00%

FINANCIACION INVERSIONISTA
860,166,667
-180,000,000
-244,687,501
14,955,060
-254,298,806
307,386,869
-266,942,091
537,747,724
-283,573,821
591,046,345
-305,452,193 1,038,464,008
1,564,441,481
2,507,575,407
245,000,000

PONDERADO
17.30%
82.70%
100.00%

COSTO
21.10%
31.55%

CAPITAL
154,166,667
234,230,556
288,702,778
318,261,667
424,271,600
495,821,686
672,140,561

VARIACION
-154,166,667
-80,063,889
-54,472,222
-29,558,889
-106,009,933
-71,550,086
-176,318,875

4
5
6
7
3,096,600,000 4,128,048,000 4,824,211,000 6,539,746,000
1,425,566,106 1,795,720,075 1,983,514,768 2,540,990,853
92,899,248
98,473,203
104,381,595 110,644,491
1,578,134,646 2,233,854,722 2,736,314,637 3,888,110,656
144,562,679 150,649,253 156,997,533 163,619,084
16,834,504
17,458,772
18,107,617
18,782,010
95,200,000
95,200,000
75,000,000
75,000,000
1,321,537,463 1,970,546,697 2,486,209,487 3,630,709,562

CTOS VARIABLE

436,107,363 650,280,410 820,449,131 1,198,134,156

885,430,100 1,320,266,287 1,665,760,356 2,432,575,407
95,200,000
95,200,000
75,000,000
75,000,000
980,630,100 1,415,466,287 1,740,760,356 2,507,575,407

GASTOS FIJOS

RP
4.75%

SALDO
860,166,667
853,402,473
846,481,946
839,401,473
832,157,357
824,745,816
817,162,980

RINV
6.00%

RTC
4.92%
0.82%
0.83%
5.06%

809,404,890
801,467,496
793,346,654
785,038,125
776,537,569
767,840,550
758,942,526
749,838,852
740,524,775
730,995,432
721,245,848
711,270,933
701,065,479
690,624,158
679,941,518
669,011,982
657,829,844
646,389,266
634,684,274
622,708,758
610,456,465
597,920,999
585,095,815
571,974,216
558,549,353
544,814,215
530,761,633
516,384,269
501,674,618
486,624,998
471,227,554
455,474,245
439,356,848
422,866,948
405,995,935
388,735,001
371,075,135
353,007,115
334,521,510
315,608,668
296,258,714
276,461,547
256,206,829
235,483,987
214,282,201

192,590,402
170,397,265
147,691,203
124,460,360
100,692,609
76,375,541
51,496,460
26,042,376
0
3

319,731,168 319,731,168 319,731,168

52,789,077
36,157,346
14,278,975
-266,942,091 -283,573,821 -305,452,193

C. CAPITAL
3.65%
26.09%
29.74%

CTOS VARIABLE
1
2
3
4
5
2,600
2,600
2,600
2,600
2,600
780,000,000 1,118,000,000 1,300,000,000 1,352,000,000 1,700,400,000
120
125
130
135
140
36,000,000
53,664,000
64,896,000
70,191,514
91,810,500
3,000,000
3,120,000
3,244,800
3,374,592
3,509,576
819,000,000 1,174,784,000 1,368,140,800 1,425,566,106 1,795,720,075

CTOS FIJOS
1
2
114,000,000 118,560,000
1,000,000
1,040,000
12,765,000
13,530,900
127,765,000 133,130,900
GASTOS FIJOS
1,200,000
1,236,000
900,000
900,000
13,000,000
13,520,000
15,100,000
15,656,000

3
123,302,400
1,081,600
14,342,754
138,726,754

4
128,234,496
1,124,864
15,203,319
144,562,679

5
133,363,876
1,169,859
16,115,518
150,649,253

1,273,080
900,000
14,060,800
16,233,880

1,311,272
900,000
14,623,232
16,834,504

1,350,611
900,000
15,208,161
17,458,772

6
7
2,600
2,600
1,874,600,000 2,397,200,000
146
152
105,264,809 139,994,896
3,649,959
3,795,957
1,983,514,768 2,540,990,853

6
138,698,431
1,216,653
17,082,449
156,997,533

7
144,246,368
1,265,319
18,107,396
163,619,084

1,391,129
900,000
15,816,488
18,107,617

1,432,863
900,000
16,449,147
18,782,010