ESTADO DE RESULTADOS PROYECTADOS

1
2016
2,400.00
97.40
50.37

2
2017
2,640.00
101.78
54.24

3
2018
2,904.00
106.36
57.05

4
2019
3,194.00
111.15

5
2020
3,513.00
116.15

6
2021
4,216.00
121.38

7
2022
5,059.00
126.84

VENTAS
(PVP * Q)

233,760.00

268,699.20

308,869.44

355,013.10

408,034.95

511,738.08

641,683.56

(-) Costos Variables Totales (Cvu * Q)

= MARGEN DE CONTRIBUCIN

120,888.00
112,872.00

143,193.60
125,505.60

165,673.51
143,195.93

355,013.10

408,034.95

511,738.08

641,683.56

(-) Costo Fijo (Administracin y operacin)

65,426.78
(-) Costo Fijo - DEPRECIACIONES
Maquinaria
2,000.00
Planta de Produccin
1,500.00
Equipo de computacin y software
2,000.00
Vehculo
3,000.00
(-) Gastos Financieros
7,010.83
UTILIDAD ANTES DE PTU (OPERACIONAL) 31,934.39
(Margen de Contribuci'on - Costos y Gastos)

74,285.34

79,662.99

85,437.18

91,637.42

2,000.00
1,500.00
2,000.00
3,000.00
5,809.56
36,910.70

2,000.00
1,500.00
2,000.00
3,000.00
4,435.70
50,597.24

2,000.00
1,500.00

2,000.00
1,500.00

2,000.00
1,500.00

2,000.00
1,500.00

3,000.00
2,864.45
260,211.46

3,000.00
1,067.46
308,830.07

508,238.08

638,183.56

(-) 15% PT.U. (Utilidad Operacional * 0.15)

UTILIDAD ANTES DE I.R. (UO - 15% PTU)

4,790.16
27,144.23

5,536.61
31,374.10

7,589.59
43,007.66

39,031.72
221,179.75

46,324.51
262,505.56

76,235.71
432,002.37

95,727.53
542,456.03

(-) 22% I.R.

5,971.73
UTILIDAD LIQUIDA (Utilidad antes de Imp. - 22%)
21,172.50

6,902.30

9,461.68

48,659.54

57,751.22

95,040.52

119,340.33

24,471.79

33,545.97

172,520.20

204,754.34

336,961.85

423,115.70

Unidades producidas y vendidas (Q)

Precio (Ctu + % Rentab.)
Costo Variable Unitario

monto
Inters
Plazo (aos)

55,671.32
13.50%
5

Pagos (mensuales)

12

$1,280.99
I = (C x % x t)/360

I = (59.367,02 x 15% x 30)/360

TABLA DE AMORTIZACIN
CUOTA FIJA
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

1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99

INTERES
626.30
618.94
611.49
603.96
596.34
588.64
580.85
572.97
565.01
556.95
548.81
540.57
532.24
523.82
515.30
506.69
497.97
489.17
480.26
471.25
462.14
452.93
443.61
434.19
424.66
415.03
405.29
395.44
385.48
375.40
365.21
354.91

PAGO
CAPITAL
654.69
662.05
669.50
677.03
684.65
692.35
700.14
708.02
715.98
724.04
732.18
740.42
748.75
757.17
765.69
774.30
783.01
791.82
800.73
809.74
818.85
828.06
837.38
846.80
856.32
865.96
875.70
885.55
895.51
905.59
915.78
926.08

SALDO
55,671.32
55,016.64
54,354.58
53,685.08
53,008.05
52,323.41
51,631.06
50,930.92
50,222.90
49,506.92
48,782.88
48,050.70
47,310.28
46,561.54
45,804.37
45,038.68
44,264.37
43,481.36
42,689.53
41,888.80
41,079.06
40,260.22
39,432.15
38,594.78
37,747.98
36,891.66
36,025.70
35,150.00
34,264.45
33,368.93
32,463.35
31,547.57
30,621.49

SALDO DE
CAPITAL
55,671.32
55,016.64
54,354.58
53,685.08
53,008.05
52,323.41
51,631.06
50,930.92
50,222.90
49,506.92
48,782.88
48,050.70
47,310.28
46,561.54
45,804.37
45,038.68
44,264.37
43,481.36
42,689.53
41,888.80
41,079.06
40,260.22
39,432.15
38,594.78
37,747.98
36,891.66
36,025.70
35,150.00
34,264.45
33,368.93
32,463.35
31,547.57
30,621.49

33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99
1,280.99

344.49
333.96
323.30
312.53
301.63
290.62
279.47
268.21
256.81
245.29
233.64
221.86
209.94
197.89
185.71
173.39
160.92
148.32
135.58
122.70
109.66
96.49
83.16
69.69
56.06
42.28
28.34
14.25

936.50
947.03
957.69
968.46
979.36
990.37
1,001.52
1,012.78
1,024.18
1,035.70
1,047.35
1,059.13
1,071.05
1,083.10
1,095.28
1,107.60
1,120.06
1,132.66
1,145.41
1,158.29
1,171.32
1,184.50
1,197.83
1,211.30
1,224.93
1,238.71
1,252.65
1,266.74

76,859.31

21,187.99

55,671.32

Ao= 0

Ao= 1
$ 31,934.39
($ 5,971.73)

Ao= 2
$ 36,910.70
($ 6,902.30)

29,685.00
28,737.96
27,780.28
26,811.82
25,832.46
24,842.09
23,840.57
22,827.79
21,803.61
20,767.92
19,720.57
18,661.43
17,590.39
16,507.29
15,412.01
14,304.41
13,184.34
12,051.68
10,906.27
9,747.98
8,576.65
7,392.15
6,194.33
4,983.02
3,758.09
2,519.38
1,266.74
-0.00

29,685.00
28,737.96
27,780.28
26,811.82
25,832.46
24,842.09
23,840.57
22,827.79
21,803.61
20,767.92
19,720.57
18,661.43
17,590.39
16,507.29
15,412.01
14,304.41
13,184.34
12,051.68
10,906.27
9,747.98
8,576.65
7,392.15
6,194.33
4,983.02
3,758.09
2,519.38
1,266.74
-0.00

Ao= 3
$ 50,597.24
($ 9,461.68)

Ao= 4
$ 260,211.46
($ 48,659.54)

FLUJO NETO DE FONDOS

UTILIDAD OPERACIONAL
- IMPUESTOS

Ao= 5
$ 308,830.07
($ 57,751.22)

Ao= 6

- 15% PTU
- INTERESES
DEPRECIACIONES
(+) Maquinaria
(+) Edificio
(+) Computadoras
(+) Vehculo
- CAPITAL (deuda)
(-) INVERSIONES

($ 4,790.16)
($ 7,010.83)

($ 5,536.61)
($ 5,809.56)

($ 7,589.59)
($ 4,435.70)

($ 39,031.72)
($ 2,864.45)

($ 46,324.51)
($ 1,067.46)

$ 2,000.00
$ 1,500.00
$ 2,000.00
$ 3,000.00
($ 8,361.04)

$ 2,000.00
$ 1,500.00
$ 2,000.00
$ 3,000.00
($ 9,562.30)

$ 2,000.00
$ 1,500.00
$ 2,000.00
$ 3,000.00
($ 11,915.52)

$ 2,000.00
$ 1,500.00
$ 0.00
$ 3,000.00
($ 12,648.12)

$ 2,000.00
$ 1,500.00
$ 0.00
$ 3,000.00
($ 13,184.34)

$ 17,599.93

$ 25,694.75

$ 163,507.63

$ 197,002.54

MAQUINARIA
-20,000.00
EDIFICIO Y PLANTA
-30,000.00
COMPUTACIN
-6,000.00
VEHICULO
-15,000.00
CAPITAL DE TRABAJO (3 MESES DE COSTOS
-30,220.59
VARIABLES)

(+) V.RECUPERACIN
MAQUINARIA
EDIFICIO Y PLANTA
COMPUTACIN
VEHICULO
CAPITAL DE TRABAJO (3 MESES DE COSTOS VARIABLES)
FLUJO NETO DE FONDOS

($ 101,220.59)

$ 14,300.64

TMAR = (RE x Kp)+(RP x Ke)

Ke= Fr + b x (Km - Fr)
Ke=

18.00%

TMAR =

15.53%

$ 0.00

VAN

-I

AOS
FNF (d)

-101,220.59

VAN

VAN
VAN=
VAN=
TIR=

F1
(1+i)1

F2
(1+i)2

F3
(1+i)3

F4
(1+i)4

F5
(1+i)5

1.00
14,300.64

2.00
17,599.93

3.00
25,694.75

4.00
163,507.63

5.00
197,002.54

-101,220.59

14,300.64
(1+0.1553)1

17,599.93
(1+0.1553)2

25,694.75
(1+0.1553)3

163,507.63
(1+0.1553)4

197,002.54
(1+0.1553)5

-101,220.59

12,378.82

13,187.39

16,665.43

91,798.19

95,739.67

128,548.93
128,548.93
42.33%