Datos: Mensuales

Fuente: MEF
Tasa de Inters / Interest Rate
Tesoro de EUA 5 aos / USA Tesoro de EUA 10 aos /
Treasury 5 years
USA Treasury 10 years

5.1

Tesoro de EUA 30 aos /

USA Treasury 30 years

4.6

5.1

4.7
5.0
5.2
5.2
5.5
5.9
5.8
5.9
5.9
6.1
6.0
6.3

5.1
5.4
5.6
5.5
5.8
6.0
6.0
6.1
6.1
6.3
6.1
6.4

6.7
6.4
6.2
6.0
6.5
6.2
6.0
5.7
5.8
5.6
5.6
5.0

6.7
6.1
6.0
5.8
6.2
6.0
5.8
5.7
5.9
5.7
5.7
5.4

0.0
0.0
0.0
0.0
0.0
0.0
4.7
4.5
3.9
3.8
4.4
4.5

5.2
5.2
4.9
5.2
5.5
5.1
5.2
4.9
4.7
4.6
5.0
5.1

5.6
5.5
5.4
5.8
5.9
5.6
5.6
5.5
5.6
5.3
5.4
5.5

4.3
4.2
4.7
4.5
4.5
4.2
3.7
3.3
2.9
2.9
3.0
3.0

5.0
4.9
5.3
5.2
5.1
4.9
4.6
4.2
3.9
3.9
4.0
4.0

5.4
5.4
5.7
5.7
5.6
5.5
5.4
5.1
4.8
4.9
5.0
4.9

3.0
3.1
2.8
2.9
2.5
2.2
2.8
3.3
3.2
3.2
3.3
3.3

4.0
5.3
3.8
3.9
3.5
3.3
3.9
4.4
4.3
4.3
4.3
4.3

4.9
5.7
4.8
4.9
4.5
4.4
4.9
5.3
5.1
5.2
5.1
5.1

3.1
3.0
2.8
3.4
3.8
3.9
3.7
3.5
3.4
3.3
3.5
3.6

4.1
4.1
3.8
4.3
4.7
4.7
4.5
4.3
4.1
4.1
4.2
4.2

5.0
4.9
4.7
5.1
5.4
5.4
5.2
5.1
4.9
4.9
4.9
4.9

3.7
3.9
4.3
3.9
3.8
3.7
4.1
4.1
4.1
4.5
4.3
4.3

4.2
4.3
4.6
4.2
4.1
5.0
4.2
4.2
4.3
4.6
4.4
4.3

4.7
4.7
4.8
4.6
4.4
5.5
4.4
4.4
4.5
4.8
4.7
4.5

4.3
4.1
4.4
4.4
4.4
4.4
4.6
4.7
5.0
5.0
5.1

4.4
4.2
4.5
4.5
4.4
4.4
4.6
4.8
5.1
5.1
5.1

4.6
4.5
4.7
4.7
4.6
4.6
4.6
4.8
5.1
5.2
5.2

5.0

5.0

5.1

4.7
4.7
4.5
4.6
4.7
5.0
4.9
4.4
4.2
4.2
3.6
3.5

4.8
4.7
4.6
4.7
4.7
5.1
5.0
4.7
4.5
4.5
4.1
4.1

4.8
4.8
4.7
4.9
4.9
5.2
5.1
4.9
4.8
4.8
4.5
4.5

3.0
2.8
2.5
2.8
3.1
3.5
3.3
3.1
2.9
2.7
2.3
1.5

3.7
3.7
3.5
3.7
3.9
4.1
4.0
3.9
3.7
3.8
3.5
2.4

4.3
4.5
4.4
4.4
4.6
4.7
4.6
4.5
4.3
4.2
4.0
2.8

1.6
1.9
1.8
1.8
2.1
2.7
2.4
2.6
2.4
2.3

2.5
2.9
2.8
2.9
3.3
3.7
3.5
3.6
3.4
3.4

3.1
3.6
3.6
3.7
4.2
4.5
4.4
4.4
4.2
4.2

2.2
2.3

3.4
3.6

4.3
4.5

2.5
2.4
2.4
2.6
2.2
2.0
1.8
1.5
1.4
1.2
1.3
1.9

3.7
3.7
3.7
3.8
3.4
3.2
3.0
2.7
2.6
2.5
2.7
3.3

4.6
4.6
4.6
4.7
4.3
4.1
4.0
3.8
3.8
3.9
4.2
4.4

1.5
2.0
2.2
2.1
2.2
1.8
1.6
1.5
1.0
0.9
1.1
0.9
0.9
0.8
0.8
0.8
1.0
0.9
0.8
0.7
0.6
0.7
0.7
0.7

2.8
3.4
3.6
3.4
3.4
3.2
3.0
3.0
2.3
2.0
2.1
2.0
2.0
1.8
1.9
2.0
2.2
2.0
1.8
1.6
1.5
1.7
1.7
1.7

3.9
4.5
4.7
4.5
4.5
4.3
4.2
4.3
3.6
3.2
3.1
3.0
3.0
2.9
3.0
3.1
3.3
3.2
2.9
2.7
2.6
2.8
2.9
2.9

0.7
0.7
0.8
0.8
0.8
0.7
0.8
1.2
1.4
1.5
1.6
1.4
1.4
1.6
1.6
1.5
1.6
1.7
1.6
1.7
1.7
1.6
1.8
1.5
1.6

1.6
1.7
1.9
2.0
1.9
1.7
1.9
2.3
2.6
2.7
2.8
2.6
2.7
2.9
2.8
2.7
2.7
2.7
2.6
2.6
2.5
2.4
2.5
2.3
2.3

2.8
2.9
3.1
3.2
3.2
2.9
3.1
3.4
3.6
3.8
3.8
3.7
3.8
3.9
3.8
3.7
3.6
3.5
3.4
3.4
3.3
3.2
3.3
3.0
3.1

19.7
3.2
6.9

-13.5
-19.1
1.9

-19.3
-21.1
1.2

Datos: Aos
Fuente: Damodaran

Date

1998
Dic.
1999
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dic.
2000
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dic.

Year
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962

Annual Returns on Investments in

S&P 500
3-month T.Bill
43.81%
3.08%
-8.30%
3.16%
-25.12%
4.55%
-43.84%
2.31%
-8.64%
1.07%
49.98%
0.96%
-1.19%
0.32%
46.74%
0.18%
31.94%
0.17%
-35.34%
0.30%
29.28%
0.08%
-1.10%
0.04%
-10.67%
0.03%
-12.77%
0.08%
19.17%
0.34%
25.06%
0.38%
19.03%
0.38%
35.82%
0.38%
-8.43%
0.38%
5.20%
0.57%
5.70%
1.02%
18.30%
1.10%
30.81%
1.17%
23.68%
1.48%
18.15%
1.67%
-1.21%
1.89%
52.56%
0.96%
32.60%
1.66%
7.44%
2.56%
-10.46%
3.23%
43.72%
1.78%
12.06%
3.26%
0.34%
3.05%
26.64%
2.27%
-8.81%
2.78%

2001
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Ago.
Set.
Oct.
Nov.
Dec.
2002
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
2003
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003

22.61%
16.42%
12.40%
-9.97%
23.80%
10.81%
-8.24%
3.56%
14.22%
18.76%
-14.31%
-25.90%
37.00%
23.83%
-6.98%
6.51%
18.52%
31.74%
-4.70%
20.42%
22.34%
6.15%
31.24%
18.49%
5.81%
16.54%
31.48%
-3.06%
30.23%
7.49%
9.97%
1.33%
37.20%
22.68%
33.10%
28.34%
20.89%
-9.03%
-11.85%
-21.97%
28.36%

3.11%
3.51%
3.90%
4.84%
4.33%
5.26%
6.56%
6.69%
4.54%
3.95%
6.73%
7.78%
5.99%
4.97%
5.13%
6.93%
9.94%
11.22%
14.30%
11.01%
8.45%
9.61%
7.49%
6.04%
5.72%
6.45%
8.11%
7.55%
5.61%
3.41%
2.98%
3.99%
5.52%
5.02%
5.05%
4.73%
4.51%
5.76%
3.67%
1.66%
1.03%

2004
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
2005
Jan.
Feb.
40.00%
Mar.
Apr.
30.00%
May.
Jun. 7/
20.00%
Jul.
Aug.
10.00%
Sep.
0.00%
Oct.
Nov.
-10.00%
Dec.
-20.00%
2006

Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.

2004
2005
2006
2007
2008
2009
2010
2011
2012
2013

10.74%
4.83%
15.61%
5.48%
-36.55%
25.94%
14.82%
2.10%
15.89%
32.15%

1.23%
3.01%
4.68%
4.64%
1.59%
0.14%
0.13%
0.03%
0.05%
0.07%

Dec.
2007
Jan.
Feb.
Mar.
Apr.
May.
Jun.
July.
Aug.
Sep.
Oct .
Nov.
Dec.
2008
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
2009
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.

Nov.
Dec.
2010
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
2011
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
2012
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.

Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct
Nov 1-18
Note: % chg.
Year-to-Year
Cumulative
Monthly

on Investments in
10-year T. Bond
0.84%
4.20%
4.54%
-2.56%
8.79%
1.86%
7.96%
4.47%
5.02%
1.38%
4.21%
4.41%
5.40%
-2.02%
2.29%
2.49%
2.58%
3.80%
3.13%
0.92%
1.95%
4.66%
0.43%
-0.30%
2.27%
4.14%
3.29%
-1.34%
-2.26%
6.80%
-2.10%
-2.65%
11.64%
2.06%
5.69%

1.68%
3.73%
0.72%
2.91%
-1.58%
3.27%
-5.01%
16.75%
9.79%
2.82%
3.66%
1.99%
3.61%
15.98%
1.29%
-0.78%
0.67%
-2.99%
8.20%
32.81%
3.20%
13.73%
25.71%
24.28%
-4.96%
8.22%
17.69%
6.24%
15.00%
9.36%
14.21%
-8.04%
23.48%
1.43%
9.94%
14.92%
-8.25%
16.66%
5.57%
15.12%
0.38%

4.49%
2.87%
1.96%
10.21%
20.10%
-11.12%
8.46%
16.04%
2.97%
-9.10%

Datos: Aos
Fuente: Damodaran
Year
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965

Annual Returns on Investments in

S&P 500
3-month T.Bill
10-year T. Bond
43.81%
3.08%
0.84%
-8.30%
3.16%
4.20%
-25.12%
4.55%
4.54%
-43.84%
2.31%
-2.56%
-8.64%
1.07%
8.79%
49.98%
0.96%
1.86%
-1.19%
0.32%
7.96%
46.74%
0.18%
4.47%
31.94%
0.17%
5.02%
-35.34%
0.30%
1.38%
29.28%
0.08%
4.21%
-1.10%
0.04%
4.41%
-10.67%
0.03%
5.40%
-12.77%
0.08%
-2.02%
19.17%
0.34%
2.29%
25.06%
0.38%
2.49%
19.03%
0.38%
2.58%
35.82%
0.38%
3.80%
-8.43%
0.38%
3.13%
5.20%
0.57%
0.92%
5.70%
1.02%
1.95%
18.30%
1.10%
4.66%
30.81%
1.17%
0.43%
23.68%
1.48%
-0.30%
18.15%
1.67%
2.27%
-1.21%
1.89%
4.14%
52.56%
0.96%
3.29%
32.60%
1.66%
-1.34%
7.44%
2.56%
-2.26%
-10.46%
3.23%
6.80%
43.72%
1.78%
-2.10%
12.06%
3.26%
-2.65%
0.34%
3.05%
11.64%
26.64%
2.27%
2.06%
-8.81%
2.78%
5.69%
22.61%
3.11%
1.68%
16.42%
3.51%
3.73%
12.40%
3.90%
0.72%

1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008

-9.97%
23.80%
10.81%
-8.24%
3.56%
14.22%
18.76%
-14.31%
-25.90%
37.00%
23.83%
-6.98%
6.51%
18.52%
31.74%
-4.70%
20.42%
22.34%
6.15%
31.24%
18.49%
5.81%
16.54%
31.48%
-3.06%
30.23%
7.49%
9.97%
1.33%
37.20%
22.68%
33.10%
28.34%
20.89%
-9.03%
-11.85%
-21.97%
28.36%
10.74%
4.83%
15.61%
5.48%
-36.55%

4.84%
4.33%
5.26%
6.56%
6.69%
4.54%
3.95%
6.73%
7.78%
5.99%
4.97%
5.13%
6.93%
9.94%
11.22%
14.30%
11.01%
8.45%
9.61%
7.49%
6.04%
5.72%
6.45%
8.11%
7.55%
5.61%
3.41%
2.98%
3.99%
5.52%
5.02%
5.05%
4.73%
4.51%
5.76%
3.67%
1.66%
1.03%
1.23%
3.01%
4.68%
4.64%
1.59%

2.91%
-1.58%
3.27%
-5.01%
16.75%
9.79%
2.82%
3.66%
1.99%
3.61%
15.98%
1.29%
-0.78%
0.67%
-2.99%
8.20%
32.81%
3.20%
13.73%
25.71%
24.28%
-4.96%
8.22%
17.69%
6.24%
15.00%
9.36%
14.21%
-8.04%
23.48%
1.43%
9.94%
14.92%
-8.25%
16.66%
5.57%
15.12%
0.38%
4.49%
2.87%
1.96%
10.21%
20.10%

2009
2010
2011
2012
2013

25.94%
14.82%
2.10%
15.89%
32.15%

0.14%
0.13%
0.03%
0.05%
0.07%

-11.12%
8.46%
16.04%
2.97%
-9.10%

ArithmeticAverage
19282013
11.50%
19642013
11.29%
20042013
9.10%

3.57%
5.11%
1.56%

5.21%
6.97%
4.69%

GeometricAverage
19282013
9.55%
19642013
9.89%
20042013
7.34%

3.53%
5.07%
1.54%

4.93%
6.56%
4.27%

Mtodo 1

Mtodo 2

OBS

IGBVL

Acciones

Muestra

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
37

0.0039464
0.0083656
0.0011372
0.0023148
-0.0015558
-0.0005731
-0.0056923
0.0086029
0.0063578
0.0008333
-0.0005778
-0.0055997
0.0061630
0.0120412
-0.0015213
-0.0125754
-0.0003661
-0.0030361
-0.0015142
0.0123089
-0.0059818
0.0045666
-0.0011601
-0.0056898
-0.0008068
0.0093717
-0.0030994
-0.0044443
-0.0057131
0.0131482
-0.0024845
-0.0209424
-0.0258449
0.0003567
0.0006686
-0.0032683
0.0109325

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Empresa 1
Empresa 2
Empresa 3
Empresa 4
Empresa 5
Empresa 6

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975
976
977
978
979
980

0.0393854
0.0186185
0.0394072
-0.0481990
0.0127085
0.0580925
0.0436050
0.0234685
0.0597693
-0.0083843
0.0365305
0.0241890
-0.0150081
0.0378468
0.0212612
-0.0129341
-0.0061227
0.0356055
0.0163633
0.0077635
-0.0140617
0.0329135
0.0136961
-0.0230130
-0.0066627
0.0286832
0.0060540
-0.0108814
-0.0119506
-0.0069349
-0.0091311
-0.0043234
-0.0182950
0.0006895
0.0056745
-0.0057548
0.0037625
-0.0169690
0.0016589
0.0157706
-0.0023093

0.0248297
0.0386946
0.0333180
0.0066961
-0.0261589
0.0199841
0.0273808
-0.0068186
-0.0000159
-0.0516288
0.0544059
0.0137747
-0.0000184
0.0356962
-0.0000189
0.0036982
-0.0043830
0.0256086
0.0117785
-0.0493130
-0.0070114
-0.0205658
-0.0000175
-0.0331315
-0.0497070
0.0206332
0.0043675
-0.0000184
-0.0000170
-0.0000178
-0.0000170
-0.0000162
-0.0606225
0.0312336
-0.0000156
-0.0000162
-0.0000162
-0.0000153
-0.0000145
-0.0000140
-0.0000137

981
982
983
984
985
986
987
988
989
990
991
992
993
994
995
996
997
998
999
1000
1001
1002

0.0176094
-0.0063835
-0.0136532
-0.0091123
-0.0020918
0.0119648
-0.0115547
-0.0010009
0.0155887
-0.0120849
-0.0039255
-0.0132933
0.0101076
0.0125443
-0.0001584
-0.0185990
0.0021322
-0.0194794
-0.0032724
-0.0054414
-0.0254723
0.0146486

-0.0000137
-0.0000132
-0.0000132
-0.0000132
-0.0062238
0.0062377
-0.0062235
0.0662131
0.0504633
-0.0086697
0.0211155
0.0070807
0.0071314
0.0832389
-0.0001001
-0.0133536
0.0154929
-0.0152781
-0.0223993
-0.0219090
-0.0000115
-0.0143997

Beta

Cap Market

0.80
0.70
0.78
1.10
1.20
0.90

100
150
120
130
160
170

Mes/Ao
Ene06
Feb06
Mar06
Abr06
May06
Jun06
Jul06
Ago06
Sep06
Oct06
Nov06
Dic06
Ene07
Feb07
Mar07
Abr07
May07
Jun07
Jul07
Ago07
Sep07
Oct07
Nov07
Dic07
Ene08
Feb08
Mar08
Abr08
May08
Jun08
Jul08
Ago08
Sep08
Oct08
Nov08
Dic08
Ene09
Feb09
Mar09
Abr09
May09

Spread EMBIG
Per (pbs)

Spread EMBIG
Per (%)

235.95
184.11
220.09
218.79
0.00
171.86
159.60
140.39
138.20
149.14
146.76
131.35
123.05
127.21
131.82
117.75
110.00
103.95
129.48
168.91
155.70
138.59
174.90
174.95
195.14
208.65
220.90
181.59
154.10
160.29
197.59
195.29
257.76
475.35
479.00
523.68
460.05
419.05
408.91
359.57
292.15

2.36%
1.84%
2.20%
2.19%
0.00%
1.72%
1.60%
1.40%
1.38%
1.49%
1.47%
1.31%
1.23%
1.27%
1.32%
1.18%
1.10%
1.04%
1.29%
1.69%
1.56%
1.39%
1.75%
1.75%
1.95%
2.09%
2.21%
1.82%
1.54%
1.60%
1.98%
1.95%
2.58%
4.75%
4.79%
5.24%
4.60%
4.19%
4.09%
3.60%
2.92%

Jun09
Jul09
Ago09
Sep09
Oct09
Nov09
Dic09
Ene10
Feb10
Mar10
Abr10
May10
Jun10
Jul10
Ago10
Sep10
Oct10
Nov10
Dic10
Ene11
Feb11
Mar11
Abr11
May11
Jun11
Jul11
Ago11
Sep11
Oct11
Nov11
Dic11
Ene12
Feb12
Mar12
Abr12
May12
Jun12
Jul12
Ago12
Sep12
Oct12
Nov12
Dic12
Ene13
Feb13

257.50
273.86
240.00
225.95
193.28
191.21
178.95
179.68
200.21
157.82
143.64
201.76
206.82
186.77
156.59
166.95
157.14
151.64
156.65
145.57
146.10
156.78
192.90
187.23
192.36
170.86
199.57
237.45
233.30
214.18
216.32
219.41
199.24
165.59
164.14
180.52
188.43
162.59
133.13
124.00
108.04
122.95
117.19
109.86
127.21

2.58%
2.74%
2.40%
2.26%
1.93%
1.91%
1.79%
1.80%
2.00%
1.58%
1.44%
2.02%
2.07%
1.87%
1.57%
1.67%
1.57%
1.52%
1.57%
1.46%
1.46%
1.57%
1.93%
1.87%
1.92%
1.71%
2.00%
2.37%
2.33%
2.14%
2.16%
2.19%
1.99%
1.66%
1.64%
1.81%
1.88%
1.63%
1.33%
1.24%
1.08%
1.23%
1.17%
1.10%
1.27%

Mar13
Abr13
May13
Jun13
Jul13
Ago13
Sep13
Oct13
Nov13
Dic13
Ene14
Feb14
Mar14
Abr14
May14
Jun14
Jul14
Ago14
Sep14
Oct14
Nov14

139.95
132.55
133.05
179.80
175.00
190.55
182.20
173.18
182.44
177.19
177.05
182.53
167.24
153.81
149.24
145.43
146.82
157.29
149.76
170.26
165.36

1.40%
1.33%
1.33%
1.80%
1.75%
1.91%
1.82%
1.73%
1.82%
1.77%
1.77%
1.83%
1.67%
1.54%
1.49%
1.45%
1.47%
1.57%
1.50%
1.70%
1.65%

Promedio
Promedio
Promedio
Promedio
Promedio

12
24
36
48

meses
meses
meses
meses

Fecha
(Dic
(Dic
(Dic
(Dic

13
12
11
10

Nov
Nov
Nov
Nov

Valor
14)
14)
14)
14)

1.62%
1.58%
1.60%
1.67%

BALANCE GENERAL EPS XXX

Expresado en Nuevos Soles

Concepto

2014
Pasivo
Patrimonio
D/(E+D)
E/(E+D)

ACTIVO

1
2

2
3

Activo Corriente
Efectivo y Equivalente de Efectivo
Valores Negociables
Cuentas por Cobrar Comerciales neto
Cuentas por Cobrar Comerciales
Menos: Provisin Cobranza Dudosa
Cuentas por Cobrar a Vinculadas
Otras Cuentas por Cobrar neto
Otras Cuentas por Cobrar
Menos: Provisin Cobranza Dudosa
Inventarios neto
Existencias
Menos: Provisin Desvalorizacin de Existencias
Gastos pagados por Anticipado
Cuenta de Reserva (Fideicomisos)
Total Activo Corriente

888,389,697
0
279,983,955
309,539,052
-29,555,097
0
206,936,562
234,817,325
-27,880,763
7,873,931
7,873,931
0
8,833,902
0
1,392,018,047

Activo No Corriente
Cuentas por Cobrar a Largo Plazo
Cuentas por Cobrar a Vinculadas a Largo Plazo
Otras Cuentas por Cobrar a Largo Plazo
Inversiones Permanentes neto
Inversiones Permanentes
Menos: Fluctuacin de Valores y Cobranza
Propiedades, Planta y Equipo neto
Propiedades, Planta y Equipo
Menos: Depreciacin Acumulada
Provisin para Desval. de los Bienes del Activo Fijo
Activos Intangibles neto
Activos Intangibles
Menos: Amortizacin Acumulada Intangible
Activo por Impuesto a la Renta y Particip. Diferidos
Otros Activos
Total Activo No Corriente

38,913,545
0
35,010,997
0
0
0
8,386,264,079
17,925,072,502
-9,538,808,423
0
485,507
1,011,896
-526,389
0
0
8,460,674,128

Total Activo

9,852,692,175

PASIVO Y PATRIMONIO
Pasivo Corriente

Sobregiros y Pagars Bancarios

12
8
9
10
11

12
13
14
15
16

17
18
19
19

Prstamos
Cuentas por Pagar Comerciales
Otros Pasivos
Pasivos por Beneficios Empleados
Cuentas por Pagar a Vinculadas
Impuesto a las Ganancias
Total Pasivo Corriente

0
128,141,466
202,110,148
53,600,487
37,124,056
0
0
420,976,157

Pasivo No Corriente
Prstamos
Pasivo por beneficios a los empleados
Provisiones
Ingresos Diferidos
Pasivo por imp a las ganan dif (neto)
Cuentas por Pagar a Vinculadas
Total Pasivo No Corriente

2,091,249,459
51,076,238
393,337,497
914,884,144
614,086,511
0
4,064,633,849

Total Pasivo

4,485,610,006

Patrimonio
Capital
Reservas Legales
Reservas
Utilidad (Prdida) Acumulada
Utilidad (Prdida) del Perodo
Cuenta de Ajuste
Total Patrimonio

5,486,687,000
0
0
-184,672,266
65,067,435
##
5,367,082,169

Total Pasivo y Patrimonio

9,852,692,175
0

Prestamo
Prestamo
Prestamo
Prestamo
Prestamo
Prestamo
Prestamo
Prestamo
Prestamo

1
2
3
4
5
6
7
8
9

Dolares
Tasa Interes
Monto
5%
100
4%
200
6%
400
6%
400
4%
450
5%
500
7%
600
4%
400
6%
500