E1

COMPLETAMENTE DEPRECIADO
SE VENDE HOY

REEMPLAZAR
VALOR NUEVA
VU
AOS A DEPRECIAR
VDD

EXTERNALIZAR
COSTO DE
SE AHORRA
SE DEPRECIA
MUEBLES
SE DEPRECIAN

100,000

1,600,000
8
8
200,000

ANUAL
2,400,000
4,800,000
20
400,000
10

E2
SE COMPRO HACE 5 AOS
LLEVA 5 AOS DEPRECIA
SE DEPRECIA EN 8 AOS
VU RESTANT
6 AOS MAS
VALOR CONTABLE ACTUAL
600,000
SE PUEDE VENDER EN
700,000
SI NO SE EXTERNALIZA SE REEMPLAZA AL FINAL DE LA V
COSTO E2 NUEVO
1,200,000
VU
10
SE VENDE EN
150,000

E3
VALOR CONTABLE HOY
1,500,000
V DE MERCADO
1,000,000
SI NO SE EXTERNALIZA SE USA POR 4 AOS MAS
LE QUEDAN 5 POR DEPRECIAR
AL FINAL DE LA VU SE VENDE E
300,000
REPONERLA CUESTA
4,000,000
SE DEPRECIA EN 8 AOS
INVERSION DE CAPITAL DE TRAB3 MESES DE COSTO
IMPUESTO
0.2

DEPRECIACIN

TOTAL

1
200,000
200,000
300,000
700,000

E1
E2
E3
DEPRECIACIN

CALENDARIO DE INVERSIONES
6,400,000

CONSTRUCCION
FLUJO NO HACER OUTSORCING

VA 5 AOS DEPRECIANDOSE

OS MAS

ZA AL FINAL DE LA VU

4 AOS MAS

ESES DE COSTO

INGRESOS X VENTAS DE ACT

COSTO DE VENTA DE ACT
DEPRECIACIN EQUIPOS
DEPRECIACIN CONSTRUCCION
DEPRECIACIN MUEBLES
UTILIDAD(PERDIDA) ANTES DE IMPTO
IMPTO
UTILIDAD(PERDIDA) NETA
DEPRECIACION
INVERSIN
CAPITAL DE TRABAJO
VALOR DE DESECHO
FLUJO

FLUJO HACER OUTSORCING

INGRESOS POR VENTA DE ACT
COSTOS DE VENTA DE ACT
COSTOS DE OUTSORCING
UTILIDAD(PERDIDA) ANTES DE IMPTO
IMPTO
UTILIDAD(PERDIDA) NETA
CAPITAL DE TRABAJO
FLUJO
FLUJO DIFERENCIAL OUT - NO OUT

100,000
-

100,000
20,000
80,000
- 6,400,000
- 6,320,000

1,800,000
2,100,000
300,000
60,000
240,000
600,000
840,000
5,480,000

FLUJO INCREMENTAL DE OUT-NO OUT

INGRESOS X VENTA DE ACT
COSTO DE VENTA DE ACT
COSTO OUTSORCING
DEPRECIACIN
UTILIDAD(PERDIDA) ANTES DE IMPTO
IMPTO
UTILIDAD(PERDIDA) NETA
DEPRECIACIN
AHORRO DE INVERSIN
CAPITAL DE TRABAJO
VALOR DE DESECHO

1,700,000
- 2,100,000
400,000
80,000
320,000

6,400,000
600,000
5,480,000

2
200,000
200,000
300,000
700,000

3
200,000
200,000
300,000
700,000

4
200,000

700,000
240,000
40,000
980,000
196,000
784,000
980,000
-

300,000
500,000

700,000
240,000
40,000
980,000
196,000
784,000
980,000
-

7
1,600,000

1,200,000

700,000
240,000
40,000
980,000
196,000
784,000 980,000
-

156,000 - 3,904,000 - 1,004,000

196,000

196,000

2,400,000
2,400,000
480,000
1,920,000
1,920,000
2,116,000

200,000

500,000
700,000

7
200,000
120,000
500,000
820,000

4
300,000
300,000
500,000
240,000
40,000
780,000
156,000
624,000
780,000
-

196,000

- 2,400,000 - 2,400,000 480,000

- 1,920,000 - 1,920,000 - 2,116,000 -

6
200,000

5
4,000,000

5
200,000

- 2,400,000 - 2,400,000 480,000

- 1,920,000 - 1,920,000 - 2,116,000 -

2,400,000
2,400,000
480,000
1,920,000
1,920,000
2,076,000

6
-

200,000
240,000
40,000
480,000
96,000
384,000
480,000
- 4,000,000

700,000
240,000
40,000
980,000
196,000
784,000
980,000
- 1,200,000

- 2,400,000 - 2,400,000 480,000

- 1,920,000 - 1,920,000 1,984,000 -

2,400,000
2,400,000
480,000
1,920,000
1,920,000
916,000

2,400,000
980,000
1,420,000
284,000
1,136,000
980,000
2,116,000

2,400,000
980,000
1,420,000
284,000
1,136,000
980,000
2,116,000

2,400,000
980,000
1,420,000
284,000
1,136,000
980,000
2,116,000

4
300,000
300,000
2,400,000
780,000
1,620,000
324,000
1,296,000
780,000
2,076,000

2,400,000
480,000
1,920,000
384,000
1,536,000
480,000
4,000,000
1,984,000

2,400,000
980,000
1,420,000
284,000
1,136,000
980,000
1,200,000
916,000

8
200,000
120,000
500,000
820,000

9
200,000
120,000
500,000
820,000

10
200,000
120,000
500,000
820,000

10

10

820,000
240,000
40,000
- 1,100,000
220,000
880,000
1,100,000
- 1,600,000

820,000
240,000
40,000
- 1,100,000
220,000
880,000
1,100,000
-

820,000
240,000
40,000
- 1,100,000
220,000
880,000
1,100,000
-

820,000
240,000
40,000
- 1,100,000
220,000
880,000
1,100,000
-

- 1,380,000

220,000

220,000

5,320,000
5,540,000

10

- 2,400,000 - 2,400,000 480,000

- 1,920,000 - 1,920,000 540,000 -

2,400,000
2,400,000
480,000
1,920,000
1,920,000
2,140,000

- 2,400,000 - 2,400,000 480,000

- 1,920,000 - 1,920,000 - 2,140,000 -

2,400,000
2,400,000
480,000
1,920,000
600,000
1,320,000
6,860,000

2,400,000
1,100,000
1,300,000
260,000
1,040,000
1,100,000
1,600,000
540,000

2,400,000
1,100,000
1,300,000
260,000
1,040,000
1,100,000
2,140,000

2,400,000
1,100,000
1,300,000
260,000
1,040,000
1,100,000
2,140,000

10
2,400,000
1,100,000
1,300,000
260,000
1,040,000
1,100,000
600,000
5,320,000
6,860,000

CONSTRUCCION
E1
E2
E3

2,400,000
1,200,000
720,000
1,000,000
5,320,000