INDICADOR 2006 2007

P&G
Ventas 14,446,847.55 16,539,272.90
Crecimiento en Ventas 20.38% 14.48%
Utilidad 369,287.81 412,392.85
Crecimiento en Utilidades 59.36% 11.67%
Rentabilidad Neta 2.55% 2.49%
Rentabilidad Bruta 21.26% 21.64%
Rentabilidad Operativa 2.52% 2.96%
BALANCE
Activos 10,044,223.05 13,466,199.36
Crecimiento en Activos 21.62% 34.07%
Rentabilidad sobre Activos 3.67% 3.06%
Patrimonio 4,902,931.48 6,875,485.20
Crecimiento del Patrimonio 16.07% 40.23%
Rentabilidad sobre Patrimonio 7.53% 5.99%
ENDEUDAMIENTO
Endeudamiento 51.18% 48.94%
Apalancamiento 104.86% 95.85%
Pasivo Total / Ventas 35.58% 39.84%
Pasivo Corriente/Pasivo Total 79.48% 70.33%
EFICIENCIA
Rotacin de Cartera 15.18 15.03
Rotacin de Inventarios 57.86 60.19
Rotacin de Proveedores 65.35 70.39
Ciclo Operativo 7.69 4.84
LIQUIDEZ
Razn Corriente 0.81 1
Prueba Acida 0.36 0.53
Capital de Trabajo ($ 775,286.14) ($ 6,832.33)

Ventas 14,446,847.55 16,539,272.90

Ingresos Operacionales 893,377.43 969,685.89
Promedio 6.2% 5.9%

Mercado 22,252,948.84
La 14 1,140,959.22

Participacin Mercado

4.88%
Participacin Mercado

4.88%

95.12%
 2008 2009 2010 2011

17,933,794.31 19,149,630.10 20,901,158.55 23,192,368.33

8.43% 6.78% 9.15% 10.96%
456,829.25 491,794.91 665,669.54 772,287.15
10.78% 7.65% 35.36% 16.02%
2.54% 2.56% 3.18% 3.32%
21.79% 23.04% 22.54% 22.95%
2.30% 3.05% 3.39% 3.53%

15,006,858.95 16,447,096.82 17,063,268.18 21,328,205.87

11.44% 9.60% 3.75% 24.99%
3.04% 2.99% 3.90% 3.62%
8,226,020.54 9,709,499.34 10,026,385.74 13,299,625.86
19.64% 18.03% 3.26% 32.65%
5.55% 5.06% 6.63% 5.80%

45.18% 40.96% 41.23% 37.64%

82.43% 69.39% 70.18% 60.36%
37.81% 35.18% 33.66% 34.61%
77.55% 79.48% 82.77% 81.68%

14.73 14.12 13.98 13.57

60.7 55.62 57.19 58.23
70.2 69.81 70.45 70.94
5.23 -0.07 0.73 0.85

0.94 0.97 0.97 1.17

0.49 0.54 0.53 0.73
($ 299,156.05) ($ 166,315.20) ($ 179,473.09) $ 1,112,343.75

17,933,794.31 19,149,630.10 20,901,158.55 23,192,368.33

992,027.35 999,865.79 1,037,991.36 1,164,623.02
5.5% 5.2% 5.0% 5.0%

n Mercado

1
n Mercado

1
2

12%
2012 2013 2014 2015

25,056,846.89 26,285,726.22 28,515,208.26 30,508,635.32

8.04% 4.90% 8.48% 6.99%
828,247.93 479,354.89 585,528.00 966,264.13
7.25% -42.12% 22.15% 65.02%
3.30% 1.82% 2.05% 3.16%
23.33% 23.22% 23.40% 23.48%
3.25% 2.43% 2.85% 4.30%

27,102,353.43 26,240,031.08 28,075,667.44 33,202,414.97

27.07% -3.18% 7.00% 18.26%
3.05% 1.82% 2.08% 2.91%
18,980,979.88 17,405,241.95 18,049,342.93 17,227,340.50
42.72% -8.30% 3.70% -4.55%
4.36% 2.75% 3.24% 5.60%

29.96% 33.66% 35.71% 48.11%

42.78% 50.75% 55.54% 92.73%
32.41% 33.61% 35.16% 52.36%
75.32% 80.99% 76.99% 53.25%

13.46 13.26 13.66 14.57

60.81 63.14 65.62 66.9
67.18 69.99 72.16 87.47
7.09 6.41 7.12 -6

1.26 1.31 1.2 0.92

0.73 0.82 0.69 0.41
$ 1,574,638.65 $ 2,239,709.79 $ 1,577,590.86 ($ 710,070.92)

25,056,846.89 26,285,726.22 28,515,208.26 30,508,635.32

1,269,193.97 1,292,984.44 1,347,454.43 1,442,388.51
5.1% 4.9% 4.7% 4.7%
 INDICADOR 2006 2007 2008 2009 2010
P&G
Ventas 893,377.00 969,686.00 992,027.00 999,866.00 1,037,990.00
Crecimiento en Ventas 14.69% 8.54% 2.30% 0.79% 3.81%
Utilidad 9,588.57 24,118.00 20,646.20 31,103.60 62,596.90
Crecimiento en Utilidades 15.54% 151.53% -14.40% 50.65% 101.25%
Rentabilidad Neta 1.07% 2.48% 2.08% 3.11% 6.03%
Rentabilidad Bruta 14.76% 18.72% 20.30% 20.24% 20.43%
Rentabilidad Operativa -2.97% 1.84% 2.65% 0.61% -0.61%
Ebitda - - $ 42,235.50 $ 20,863.10 $ 5,792.23
Margen Ebitda - - 4.25% 2.08% 0.55%
BALANCE
Activos 767,240.00 817,505.00 853,581.00 872,622.00 936,421.00
Crecimiento en Activos 16.65% 6.55% 4.41% 2.23% 7.31%
Rentabilidad sobre Activos 1.24% 2.95% 2.41% 3.56% 6.68%
Patrimonio 327,662.00 335,625.00 369,286.00 389,032.00 433,650.00
Crecimiento del Patrimonio 16.59% 2.43% 10.03% 5.35% 11.47%
Rentabilidad sobre Patrimonio 2.92% 7.18% 5.59% 7.99% 14.43%
ENDEUDAMIENTO
Endeudamiento 57.29% 58.94% 56.73% 55.41% 53.69%
Apalancamiento 134.15% 143.57% 131.14% 124.30% 115.93%
Pasivo Total / Ventas 49.20% 49.69% 48.81% 48.36% 48.43%
Pasivo Corriente/Pasivo Total 59.51% 53.46% 62.11% 63.00% 52.42%
EFICIENCIA
Rotacin de Cartera 16.64 19.98 37.31 17.69 23.9
Rotacin de Inventarios 63.8 60.58 53.95 54.88 56.98
Rotacin de Proveedores 63.39 66.09 65.56 67.36 66.05
Ciclo Operativo 17.05 14.47 25.69 5.21 14.82
LIQUIDEZ
Razn Corriente 1.01 1.24 1.05 1.06 1.08
Prueba Acida 0.49 0.73 0.65 0.66 0.58
Capital de Trabajo $ 1,340.87 $ 62,401.30 $ 13,952.10 $ 19,204.20 $ 20,008.10
Z-SCORE
Z-Score 1.24 1.92 1.54 1.56 1.67
OTROS INDICADORES
Numero Empleado - - - - -
Numero Asociados - - - - -
Exportaciones FOB U$ Dollar - - - - -
Exportaciones FOB Pesos - - - - -
Importaciones FOB U$ Dollar - - - - -
Importaciones CIF U$ Dollar - - - - -
 2011 2012 2013 2014 2015 P2006 P2007 P2008 P2009

1,164,620.00 1,269,190.00 1,292,980.00 1,347,450.00 1,442,390.00 6 7 7 6

12.20% 8.98% 1.87% 4.21% 7.05% 8 11 10 12
11,728.70 10,256.20 2,426.65 9,891.20 25,213.10 8 6 7 7
-81.26% -12.56% -76.34% 307.61% 154.91% 11 1 10 4
1.00% 0.80% 0.18% 0.73% 1.74% 11 8 9 5
21.62% 25.64% 25.51% 25.37% 25.31% 11 8 9 10
-0.40% 3.41% 3.31% 3.48% 3.34% 12 8 6 11
$ 9,390.06 $ 61,186.10 $ 59,232.20 $ 61,840.90 - - - 6 7
0.80% 4.82% 4.58% 4.58% - - - 6 9

1,092,690.00 1,121,550.00 1,377,480.00 1,472,200.00 1,757,000.00 5 6 6 6

16.69% 2.64% 22.82% 6.88% 19.35% 8 10 10 13
1.07% 0.91% 0.17% 0.67% 1.43% 12 8 10 6
455,676.00 468,719.00 707,728.00 706,999.00 740,930.00 6 6 6 6
5.08% 2.86% 50.99% -0.10% 4.80% 6 13 7 13
2.57% 2.18% 0.34% 1.39% 3.40% 11 8 7 6

58.29% 58.20% 48.62% 51.97% 57.82% 8 10 11 10

139.79% 139.27% 94.63% 108.23% 137.13% 8 10 11 10
54.69% 51.43% 51.79% 56.78% 70.44% 9 9 10 9
60.57% 51.36% 51.65% 47.60% 35.92% 1 2 3 3

44.34 28.62 28.1 42.23 - 7 8 9 9

58.49 57.79 53.58 54.57 61.17 7 6 6 6
68.77 70.52 80.56 91.44 102.08 7 6 5 6
34.06 15.89 1.12 5.36 - 6 6 7 6

1.15 1.03 1.01 1.17 0.9 6 7 7 7

0.77 0.57 0.6 0.75 0.4 7 6 5 4
$ 57,667.70 $ 8,867.48 $ 5,101.40 $ 62,794.10 ($ 35,785.40) 6 3 7 6

1.44 1.26 1.45 1.59 0.97 9 7 11 9

- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - - - - - - -
- - - 2,510,860.00 - - - - -
- - - 2,716,060.00 - - - - -
P2010 P2011 P2012 P2013 P2014 P2015

6 6 6 6 7 7
12 8 6 10 9 7
6 8 8 9 7 5
2 12 9 10 1 1
2 10 10 10 10 5
8 8 6 7 5 6
11 10 5 6 5 6
9 7 4 5 5 -
11 8 4 4 5 -

6 6 7 6 6 6
9 6 11 4 9 3
4 11 10 10 10 5
5 6 7 6 6 6
8 8 12 1 7 3
4 10 10 10 10 5

10 10 9 6 7 5
10 10 9 6 7 5
10 10 10 8 8 7
1 3 1 2 1 2

9 10 7 8 9 -
5 4 4 3 2 3
6 6 5 6 7 8
5 5 4 5 4 -

5 5 9 7 5 7
5 3 4 4 4 5
5 4 6 6 4 7

7 8 10 8 7 7

- - - - - -
- - - - - -
- - - - - -
- - - - - -
- - - - 10 -
- - - - 10 -
 BALANCE 2006
Caja 150,628.50
Bancos 157,777.16
Cuentas De Ahorro 39,331.96
Fondos 4,110.51
SUBTOTAL DISPONIBLE 351,848.13
INVERSIONES 165,220.05
Clientes 542,263.07
Cuentas Corrientes Comerciales 66,976.27
Deudas De Difcil Cobro 1,049.16
Provisiones (db) 19,480.89
TOTAL DEUDORES COMERCIALES 590,807.61
Cuentas Por Cobrar A Socios y Accionistas 4,310.87
Anticipos y Avances 65,219.98
Anticipo De Imptos. y Contrib.O Saldos A Favor 51,016.95
Cuentas Por Cobrar a Trabajadores 7,045.45
Activos Biolgicos CP -
Deudores Varios / Otros Activos No Financieros 206,490.80
TOTAL OTROS DEUDORES 334,084.05
Materias Primas 792.66
Productos En Proceso 113.75
Productos Terminados 0
M/Cas No Fabricadas Por La Emp 1,819,330.84
Materiales, Repuestos y Accesorios 8,023.06
Otros Inventarios y Provisiones -76.38
SUBTOTAL INVENTARIOS 1,828,183.92
Gastos Pagados Por Anticipado 17,476.91
Cargos Diferidos 23,735.38
Amortizacin Acumulada y Otros 0
SUBTOTAL DIFERIDO 41,212.28
TOTAL ACTIVO CORRIENTE 3,311,356.04
Inversiones 370,855.66
Activos biolgicos no corrientes -
CxC comerciales y otras CxC no corrientes -
Subtotal Deudores A Largo Plazo 101,529.76
Propiedades Planta Y Equipo 4,138,307.46
Plusvala -
Activos intangibles distintos de la plusvala -
Subtotal Intangibles 112,690.60
Subtotal Diferidos 411,405.97
Inventarios no corrientes -
Activos por impuestos corrientes, no corriente -
Otros activos no financieros no corrientes -
Activos LP pignorados como garanta para Vender -
Subtotal Otros Activos 42,655.88
De Inversiones Y Otros 101,231.79
De Propiedades Planta Y Equipo 1,454,189.89
Subtotal Valorizaciones 1,555,421.68
TOTAL ACTIVO NO CORRIENTE 6,732,867.01
TOTAL ACTIVO 10,044,223.05
Obligaciones Financieras 1,055,035.98
Proveedores 2,064,745.34
Costos y Gastos Por Pagar 295,076.00
Retencin En La Fuente 23,201.16
Deudas Con Accionistas O Socios 5,218.52
Impuesto A Las Ventas Retenido 16,989.79
Impuesto De Industria y Comercio Retenido 2,273.21
Provisiones, Retenciones y Aportes de Nmina 13,888.32
Otras provisiones corrientes -
Acreedores 87,600.72
Otras Cuenta Por Pagar 111,380.47
SUBTOTAL CUENTAS POR PAGAR 555,628.19
IMPUESTOS GRAVAMENES Y TASAS 118,045.49
OBLIGACIONES LABORALES 84,214.36
SUBTOTAL PASIVOS ESTIMAD. Y PROVIS. 131,902.70
DIFERIDOS 11,358.84
Anticipos y Avances Recibidos 8,778.53
Otros 56,932.04
SUBTOTAL OTROS PASIVOS 65,710.57
SUBTOTAL BONOS Y PAPELES COMERCIA. 0.72
TOTAL PASIVO CORRIENTE 4,086,642.18
Obligaciones Financieras 576,514.72
Proveedores 0
Subtotal Cuentas Por Pagar 23,182.32
Impuestos Gravmenes y Tasas 0
Obligaciones Laborales 9,329.31
Subtotal Pasivos Estimad. y Provis. 16,602.78
Subtotal Diferidos 64,020.27
Subtotal Otros Pasivos 0
Subtotal Bonos y Papeles Comercia. 365,000.00
TOTAL PASIVO NO CORRIENTE 1,054,649.39
TOTAL PASIVO 5,141,291.57
Capital Suscrito y Pagado 258,839.15
Prima de emisin -
Acciones propias en cartera -
Aportes Sociales y Otros 0
SUBTOTAL CAPITAL SOCIAL 258,839.15
SUBTOTAL SUPERAVIT DE CAPITAL 832,990.22
RESERVAS 535,349.92
REVALORIZACION DEL PATRIMONIO 1,296,286.94
DIVIDEN. O PARTC. DECRET. EN ACC.O CUOTAS 0
RESULTADOS DEL EJERCICIO 369,287.81
RESULTADOS DE EJERCICIOS ANTERIORES 57,480.57
SUPERAVIT POR VALORIZACIONES 1,552,696.88
INVERSIN SUPLEMENTARIA AL CAPITAL Y AJUSTES AOS ANTERIORES -
TOTAL PATRIMONIO 4,902,931.48
TOTAL PASIVO Y PATRIMONIO 10,044,223.05
2007 2008 2009 2010
148,488.30 156,911.88 147,891.27 141,757.98
151,830.89 223,372.13 238,710.26 283,304.85
122,948.08 169,298.93 270,484.79 719,016.85
1,909.69 1,620.98 7,361.41 3,950.36
425,176.96 551,203.92 664,447.72 1,148,030.05
457,527.64 363,769.07 713,662.77 410,327.96
617,729.16 593,315.75 658,348.14 711,009.46
72,905.71 140,388.50 92,716.92 100,789.13
1,612.80 4,262.72 4,732.24 6,910.09
24,801.36 36,655.51 33,875.54 100,248.12
667,446.32 701,311.46 721,921.76 718,460.55
2,680.74 1,035.64 14,691.72 1,665.21
106,024.60 99,851.19 73,475.83 78,996.55
129,412.47 132,327.11 124,035.44 138,484.66
7,245.40 5,525.20 9,561.59 7,772.50
- - - -
580,212.92 613,049.76 525,012.01 509,354.49
825,576.12 851,788.90 746,776.59 736,273.42
848.1 350.66 4,925.71 7,883.12
72.79 358.74 1,642.75 4,154.98
0 0 -2,270.05 1,037.88
2,147,998.46 2,305,884.20 2,252,807.58 2,508,690.62
13,195.10 16,077.45 16,457.89 22,840.96
4,677.84 42,093.63 3,328.29 27,236.45
2,166,792.29 2,364,764.68 2,276,892.17 2,571,844.01
43,219.62 24,042.51 37,091.75 29,386.22
43,073.74 103,108.85 28,524.28 31,032.88
0 0 0 0
86,293.36 127,151.35 65,616.03 60,419.09
4,628,812.69 4,959,989.37 5,189,317.03 5,645,355.07
830,393.93 1,013,317.94 1,318,599.40 785,351.77
- - - -
- - - -
149,919.80 167,828.58 231,496.99 188,806.71
4,712,257.82 5,339,923.95 5,385,540.72 5,526,957.94
- - - -
- - - -
926,745.32 1,022,382.41 1,333,385.77 1,364,466.65
419,935.44 553,268.82 715,209.54 750,740.72
- - - -
- - - -
- - - -
- - - -
 446.14 446.14 514.95 4,010.27
139,122.17 82,873.95 194,705.01 393,661.50
1,658,566.05 1,866,827.79 2,078,327.41 2,403,917.56
1,797,688.23 1,949,701.74 2,273,032.42 2,797,579.06
8,837,386.68 10,046,869.58 11,257,779.79 11,417,913.12
13,466,199.36 15,006,858.95 16,447,096.82 17,063,268.18
728,545.46 1,221,142.51 1,156,298.07 1,393,823.11
2,533,831.33 2,734,905.89 2,857,636.75 3,167,808.76
402,437.16 339,962.62 287,173.34 366,299.71
28,360.16 28,001.98 27,416.59 30,966.48
3,884.32 29,499.70 23,023.84 40,299.22
19,945.24 18,177.81 18,334.46 22,968.82
2,973.05 3,609.87 3,280.83 3,813.00
12,188.45 13,836.28 19,510.76 22,595.35
- - - -
68,642.22 64,853.88 90,420.35 47,753.52
241,403.78 306,619.10 323,679.73 157,093.73
779,834.37 804,561.24 792,839.89 691,789.82
133,453.84 129,573.14 180,114.70 159,238.03
82,258.16 87,170.05 83,229.65 103,279.90
178,124.72 180,672.08 168,550.26 172,311.25
13,950.99 16,090.14 22,743.49 26,942.86
57,526.56 19,748.51 33,755.12 34,587.95
58,119.60 51,781.12 60,464.32 44,696.13
115,646.16 71,529.63 94,219.44 79,284.07
70,000.00 13,500.76 0 30,350.38
4,635,645.02 5,259,145.42 5,355,632.23 5,824,828.16
1,544,762.40 1,129,026.40 960,057.12 693,282.89
0 0 0 0
1,906.82 8,285.43 12,289.04 7,678.15
0 0 0 0
9,756.42 9,677.77 10,099.73 7,524.52
16,059.87 19,116.13 27,312.54 49,300.80
87,583.62 55,398.57 48,974.56 58,603.90
0 18,688.69 41,732.27 144,514.01
295,000.00 281,500.00 281,500.00 251,150.00
1,955,069.14 1,521,692.99 1,381,965.25 1,212,054.28
6,590,714.16 6,780,838.41 6,737,597.48 7,036,882.44
298,373.57 1,019,726.46 1,031,394.28 1,031,300.59
- - - -
- - - -
0 0 0 0
298,373.57 1,019,726.46 1,031,394.28 1,031,300.59
2,281,993.81 2,483,370.72 3,341,914.74 3,214,020.99
768,001.36 1,081,868.69 1,418,799.79 1,634,465.27
 1,257,608.63 1,215,074.20 1,165,156.70 748,579.70
0 0 0 0
412,392.85 456,829.26 491,794.91 665,669.54
62,150.30 22,173.01 -9,869.98 -62,505.88
1,794,964.70 1,946,978.20 2,270,308.89 2,794,855.54
- - - -
6,875,485.20 8,226,020.54 9,709,499.34 10,026,385.74
13,466,199.36 15,006,858.95 16,447,096.82 17,063,268.18
2011 2012 2013 2014
562,410.83 138,936.79 415,877.32 115,405.20
273,830.92 1,551,736.90 433,241.70 1,703,105.96
959,568.80 240,782.84 1,140,811.72 161,279.63
6,219.84 2,166.82 1,491.53 1,984.32
1,802,030.39 1,933,623.35 1,991,422.26 1,981,775.11
1,459,486.55 906,554.63 1,864,748.94 1,452,388.29
696,080.83 778,217.31 841,320.48 874,820.90
177,903.47 158,454.64 126,994.49 207,174.57
9,251.16 10,108.71 11,571.65 19,164.87
68,473.08 46,000.95 39,085.18 49,660.90
814,762.38 900,779.72 940,801.44 1,051,499.43
23,842.30 27,904.32 24,363.64 13,670.65
116,449.33 156,782.36 135,721.04 108,577.30
174,995.55 91,752.76 296,731.95 205,954.57
7,516.57 4,701.97 9,456.23 3,156.76
- - - -
296,203.75 345,432.83 294,561.64 403,016.94
619,007.49 626,574.24 760,834.51 734,376.23
8,426.56 38,809.36 38,592.87 32,008.17
3,707.11 4,815.46 6,693.00 6,753.86
994.68 12,282.35 14,896.46 52,041.17
2,813,724.85 2,192,452.95 3,376,529.03 2,056,739.49
23,511.26 20,899.32 -62,144.97 96,265.17
39,650.50 975,883.74 165,055.17 1,737,790.26
2,890,014.95 3,245,143.17 3,539,621.57 3,981,598.11
35,113.20 24,816.36 47,334.63 8,443.02
49,833.19 54,751.57 250,956.77 87,531.97
0 0 0 0
84,946.39 79,567.93 298,291.40 95,974.99
7,670,248.15 7,692,243.03 9,395,720.12 9,297,612.15
1,463,401.67 3,963,350.42 848,931.64 1,805,968.64
- - - -
- - - -
255,243.90 213,162.27 223,841.59 205,234.99
5,583,784.90 5,842,792.50 5,933,850.09 5,929,228.47
- - - -
- - - -
2,364,418.92 4,766,787.33 4,800,335.68 5,025,652.05
836,682.95 925,251.71 666,476.10 922,578.63
- - - -
- - - -
- - - -
- - - -
 4,039.21 7,237.88 7,782.78 7,642.02
379,530.46 602,363.47 556,683.51 686,301.88
2,770,855.71 3,089,164.83 3,806,409.58 4,195,448.63
3,150,386.17 3,691,528.29 4,363,093.09 4,881,750.51
13,657,957.73 19,410,110.41 16,844,310.97 18,778,055.29
21,328,205.87 27,102,353.43 26,240,031.08 28,075,667.44
1,493,293.53 888,288.85 1,314,311.97 892,204.31
3,520,988.87 3,585,005.93 3,923,850.60 4,378,403.69
394,798.99 280,995.90 455,442.67 461,169.20
32,793.49 23,589.35 32,214.83 27,189.31
20,289.16 66,758.80 92,879.53 137,582.62
25,481.57 20,748.42 9,424.59 39,451.16
3,950.90 4,220.04 4,783.04 5,940.37
9,001.46 9,488.73 9,614.52 14,091.52
- - - -
33,784.23 45,438.95 51,110.02 77,800.08
171,280.09 341,971.42 158,222.90 475,786.20
691,379.90 793,211.60 813,692.10 1,239,010.46
409,799.56 305,899.07 393,004.49 232,074.02
118,661.52 137,094.04 168,096.72 181,535.45
180,126.55 179,174.50 274,533.08 446,468.77
28,005.08 32,786.22 41,665.13 43,793.77
35,368.34 51,198.39 131,432.87 42,284.62
53,780.02 70,295.79 95,421.67 114,246.21
89,148.36 121,494.19 226,854.54 156,530.83
26,501.03 74,650.00 1.71 150,000.00
6,557,904.39 6,117,604.38 7,156,010.33 7,720,021.29
852,151.15 1,119,452.06 1,028,999.83 1,702,322.04
1,164.97 53,268.67 0 0
1,173.87 2,640.53 4,692.62 32,661.15
78,094.31 87,718.06 0 0
10,257.92 4,522.52 3,545.99 3,917.69
72,789.56 66,124.28 42,484.49 75,950.45
67,222.25 52,255.75 25,480.47 36,543.06
163,171.59 167,787.30 123,575.40 154,908.92
224,650.00 450,000.00 450,000.00 300,000.00
1,470,675.62 2,003,769.16 1,678,778.80 2,306,303.32
8,028,580.01 8,121,373.54 8,834,789.14 10,026,324.61
1,036,366.96 1,129,407.07 211,907.07 213,907.07
- - - -
- - - -
0 0 0 0
1,036,366.96 1,129,407.07 211,907.07 213,907.07
5,944,645.12 10,455,680.01 10,061,619.09 10,120,454.72
2,090,417.51 2,531,856.93 2,433,588.83 2,758,120.28
 369,386.51 368,916.56 364,087.98 360,678.17
0 0 0 0
772,287.15 828,247.93 479,354.89 585,528.00
-61,140.02 -24,656.88 27,356.27 -335,332.05
3,147,662.64 3,691,528.28 3,827,327.81 4,345,986.74
- - - -
13,299,625.86 18,980,979.88 17,405,241.95 18,049,342.93
21,328,205.87 27,102,353.43 26,240,031.08 28,075,667.54
2015
321,356.00
1,000,099.35
109,897.73
41.39
1,431,394.47
180,955.35
1,102,095.16
132,488.00
4,268.33
21,056.44
1,217,795.05
0
36,249.38
268,017.66
460.69
0
318,701.68
623,429.41
54,391.16
27,098.00
1,157,835.54
637,767.39
15,287.02
2,429,864.99
4,322,244.11
21,830.68
0
0
21,830.68
7,797,649.07
11,132,978.50
0
289,210.59
308,919.59
10,274,152.72
2,377,523.14
118,878.18
2,639,978.27
251,958.33
0
0
7,070.11
0
 28,241.94
218,402.25
550,134.29
768,536.54
25,404,765.90
33,202,414.97
1,311,042.32
5,651,321.54
461,350.23
9,474.27
19,111.13
1,479.62
1,112.52
54,351.67
12,224.93
24,287.55
297,802.04
881,193.96
292,247.27
113,351.84
29,978.96
24,955.78
11,787.05
191,841.26
203,628.32
0
8,507,719.99
5,992,376.24
753,501.23
58,022.71
190,776.00
0
35,630.43
344,835.36
92,212.52
0
7,467,354.48
15,975,074.47
7,545,485.13
5,047,003.14
0
0
12,592,488.26
8,987.62
1,848,023.94
 1,473,889.68
0
966,264.13
-430,849.67
768,536.54
0
17,227,340.50
33,202,414.97
 BALANCE GENERAL 2006 2007 2008
Caja 20,072.71 21,638.48 19,123.21
Bancos 20,729.23 11,427.36 11,147.11
Cuentas De Ahorro 23,971.06 50,836.43 36,571.70
Fondos 0 0 0
SUBTOTAL DISPONIBLE 64,773.00 83,902.27 66,842.02
INVERSIONES 653.53 39,317.95 18,707.34
Clientes 4,684.91 4,952.04 5,224.02
Cuentas Corrientes Comerciales 36,609.19 48,853.80 97,575.07
Deudas De Difcil Cobro 0 0 0
Provisiones (db) 818.72 1,085.54 1,661.34
TOTAL DEUDORES COMERCIALES 40,475.38 52,720.29 101,137.75
Cuentas Por Cobrar A Socios y Accionistas 519.46 199.5 1,035.64
Anticipos y Avances 2,318.72 1,496.62 1,069.24
Anticipo De Imptos. y Contrib.O Saldos A Favor 1,357.66 1,443.16 635.61
Cuentas Por Cobrar a Trabajadores 294.74 206.06 177.77
Activos Biolgicos CP - - -
Deudores Varios / Otros Activos No Financieros 16,519.77 7,176.26 5,092.49
TOTAL OTROS DEUDORES 21,010.35 10,521.58 8,010.75
Materias Primas 0 0 0
Productos En Proceso 0 0 0
Productos Terminados 0 0 0
M/Cas No Fabricadas Por La Emp 132,846.84 130,637.46 117,364.19
Materiales, Repuestos y Accesorios 1,754.60 1,731.28 906.15
Otros Inventarios y Provisiones 351.87 255.5 206.2
SUBTOTAL INVENTARIOS 134,953.31 132,624.24 118,476.54
Gastos Pagados Por Anticipado 746.99 732.67 761.41
Cargos Diferidos 335.02 221.19 853.63
Amortizacin Acumulada y Otros 0 0 0
SUBTOTAL DIFERIDO 1,082.01 953.86 1,615.05
TOTAL ACTIVO CORRIENTE 262,947.56 320,040.19 314,789.44
Inversiones 6,975.99 4,032.81 2,631.80
Activos biolgicos no corrientes - - -
CxC comerciales y otras CxC no corrientes - - -
Subtotal Deudores A Largo Plazo 7,486.88 36,489.44 57,878.00
Propiedades Planta Y Equipo 314,565.59 294,429.71 261,253.96
Plusvala - - -
Activos intangibles distintos de la plusvala - - -
Subtotal Intangibles 38,671.73 38,059.69 63,321.33
Subtotal Diferidos 102.43 331.38 1,632.92
Inventarios no corrientes - - -
Activos por impuestos corrientes, no corriente - - -
Otros activos no financieros no corrientes - - -
Activos LP pignorados como garanta para Vender - - -
Subtotal Otros Activos 0 0 0
De Inversiones Y Otros 2,005.85 369.67 1,444.45
De Propiedades Planta Y Equipo 134,484.27 123,752.61 150,628.61
Subtotal Valorizaciones 136,490.12 124,122.28 152,073.06
TOTAL ACTIVO NO CORRIENTE 504,292.74 497,465.30 538,791.07
TOTAL ACTIVO 767,240.30 817,505.49 853,580.51
Obligaciones Financieras 76,887.39 62,683.41 118,751.82
Proveedores 134,084.61 144,681.17 143,976.26
Costos y Gastos Por Pagar 8,710.38 8,292.86 8,449.84
Retencin En La Fuente 1,417.40 1,312.30 1,255.47
Deudas Con Accionistas O Socios 0 0 0
Impuesto A Las Ventas Retenido 1,332.88 1,223.57 1,066.87
Impuesto De Industria y Comercio Retenido 159.92 138.22 142.65
Provisiones, Retenciones y Aportes de Nmina 327.43 0.79 2.13
Otras provisiones corrientes - - -
Acreedores 9,171.23 1,059.13 1,418.43
Otras Cuenta Por Pagar 8,008.99 6,691.97 6,011.25
SUBTOTAL CUENTAS POR PAGAR 29,128.23 18,718.84 18,346.63
IMPUESTOS GRAVAMENES Y TASAS 4,403.28 9,637.18 4,061.40
OBLIGACIONES LABORALES 3,296.15 3,663.92 3,916.38
SUBTOTAL PASIVOS ESTIMAD. Y PROVIS. 1,149.84 1,275.86 1,507.89
DIFERIDOS 80.28 12.2 49.77
Anticipos y Avances Recibidos 136 117.96 105.21
Otros 12,440.91 16,848.34 10,121.99
SUBTOTAL OTROS PASIVOS 12,576.91 16,966.30 10,227.20
SUBTOTAL BONOS Y PAPELES COMERCIA. 0 0 0
TOTAL PASIVO CORRIENTE 261,606.69 257,638.87 300,837.34
Obligaciones Financieras 171,076.35 218,266.44 172,449.55
Proveedores 0 0 0
Subtotal Cuentas Por Pagar 1,941.00 866 5,758.00
Impuestos Gravmenes y Tasas 0 0 0
Obligaciones Laborales 4,954.41 5,109.65 5,250.09
Subtotal Pasivos Estimad. y Provis. 0 0 0
Subtotal Diferidos 0 0 0
Subtotal Otros Pasivos 0 0 0
Subtotal Bonos y Papeles Comercia. 0 0 0
TOTAL PASIVO NO CORRIENTE 177,971.76 224,242.09 183,457.65
TOTAL PASIVO 439,578.45 481,880.96 484,294.99
Capital Suscrito y Pagado 40,974.00 40,974.00 40,974.00
Prima de emisin - - -
Acciones propias en cartera - - -
Aportes Sociales y Otros 0 0 0
SUBTOTAL CAPITAL SOCIAL 40,974.00 40,974.00 40,974.00
SUBTOTAL SUPERAVIT DE CAPITAL 2,746.64 2,746.64 0
RESERVAS 11,383.95 12,342.81 68,350.42
REVALORIZACION DEL PATRIMONIO 75,685.14 71,897.66 68,110.18
DIVIDEN. O PARTC. DECRET. EN ACC.O CUOTAS 0 0 0
RESULTADOS DEL EJERCICIO 9,588.57 24,118.00 20,646.21
RESULTADOS DE EJERCICIOS ANTERIORES 50,793.44 59,423.15 19,131.65
SUPERAVIT POR VALORIZACIONES 136,490.12 124,122.28 152,073.06

INVERSIN SUPLEMENTARIA AL CAPITAL Y AJUSTES AOS ANTERIORES - - -

TOTAL PATRIMONIO 327,661.85 335,624.53 369,285.52
TOTAL PASIVO Y PATRIMONIO 767,240.30 817,505.49 853,580.51

BALANCE GENERAL 2006 2007 2008

TOTAL ACTIVO 767,240.30 817,505.49 853,580.51

2,000,000.00
1,800,000.00 f(x) = 12859.3986356871x
R = 0.987195232
1,600,000.00
1,400,000.00
1,200,000.00
1,000,000.00
800,000.00
600,000.00
400,000.00
200,000.00
0.00
2004 2006 2008 2
 2009 2010 2011 2012 2013 2014 2015
21,601.61 22,337.18 23,108.48 23,375.13 19,514.05 19,798.71 -
10,782.93 8,391.70 11,808.80 10,523.37 6,695.19 6,617.22 47,920.40
49,321.49 24,770.71 62,342.32 30,233.61 30,391.77 44,164.20 -
0 0 0 0 0 0 -
81,706.03 55,499.59 97,259.60 64,132.12 56,601.01 70,580.13 47,920.40
58,612.96 8,202.54 32,286.22 2,077.26 1,222.04 242.43 0
2,889.37 3,305.26 2,862.15 2,711.20 2,821.08 3,254.22 78,145.10
46,229.98 65,602.00 140,590.33 98,197.82 98,103.53 154,822.86 -
0 0 0 0 0 0 -
1,772.50 1,618.61 1,288.37 2,880.58 1,915.80 2,220.64 -
47,346.86 67,288.65 142,164.11 98,028.44 99,008.82 155,856.44 78,145.10
1,657.80 1,122.43 2,072.42 2,197.55 1,840.66 5,661.58 0
3,635.15 2,893.68 1,253.44 1,673.29 8,292.53 1,638.57 0
1,429.54 9,843.59 11,835.29 12,914.95 23,430.64 32,465.84 20,608.04
68.75 115.66 205.59 267.43 287.24 466.81 -
- - - - - - 0
5,052.52 6,022.72 5,249.91 8,379.70 14,298.78 5,942.72 274.07
11,843.75 19,998.07 20,616.64 25,432.92 48,149.85 46,175.52 20,882.11
0 0 0 0 0 0 -
0 0 0 0 0 0 -
0 0 0 0 0 0 -
119,468.27 129,430.28 145,409.86 149,753.33 141,957.39 150,276.03 -
981.53 936.36 2,888.66 1,152.85 1,300.95 1,679.77 -
1,111.46 344.47 0 597.27 85.5 449.49 182,310.72
121,561.27 130,711.10 148,298.52 151,503.45 143,343.84 152,405.29 182,310.72
1,994.52 1,145.49 1,062.11 977.65 1,041.92 1,792.49 -
838.27 729.27 1,833.62 2,033.59 1,688.20 0 -
0 0 0 0 0 0 -
2,832.79 1,874.76 2,895.73 3,011.24 2,730.12 1,792.49 -
323,903.65 283,574.72 443,520.82 344,185.42 351,055.68 427,052.30 329,258.33
2,683.16 2,650.90 2,145.57 2,663.16 2,663.16 2,892.32 406,521.46
- - - - - - 0
- - - - - - 194,309.78
121,267.78 54,431.66 62,099.98 96,244.90 104,876.26 84,855.60 194,309.78
244,430.33 364,882.21 357,863.40 347,812.73 348,436.58 379,680.19 793,192.72
- - - - - - 0
- - - - - - 22,530.30
31,850.72 83,233.94 22,165.12 120,317.92 121,412.54 136,326.11 22,530.30
641.12 438.67 4,685.79 3,008.61 1,643.65 424.33 11,192.09
- - - - - - 0
- - - - - - 0
- - - - - - 0
- - - - - - 0
 3.91 0 0 0 0 0 0
982.28 803.86 720.06 -257.87 -89.2 -330.95 -
146,859.06 146,405.40 199,488.28 207,571.08 447,484.54 441,304.79 -
147,841.34 147,209.27 200,208.35 207,313.21 447,395.34 440,973.84 -
548,718.35 652,846.65 649,168.20 777,360.52 1,026,427.51 1,045,152.38 1,427,746.35
872,622.00 936,421.36 1,092,689.01 1,121,545.94 1,377,483.19 1,472,204.69 1,757,004.68
109,119.82 63,773.45 140,315.58 85,297.18 72,908.83 45,784.52 32,171.57
149,205.45 151,534.38 174,366.86 184,884.27 215,524.34 255,388.64 304,247.33
8,968.13 8,499.79 7,286.65 8,774.99 9,185.12 10,288.22 -
1,369.46 3,256.54 4,370.33 5,324.81 1,020.08 2,266.94 -
0 0 0 0 0 0 -
1,257.98 1,264.61 2,535.31 1,369.42 490.48 793.28 -
143.39 197.6 212.83 202.66 334.96 261.74 -
0.77 1.21 3.41 3.72 1,301.42 1,570.43 8,315.97
- - - - - - 0
1,683.08 1,434.17 1,607.04 1,997.12 1,543.65 5,642.77 -
6,031.19 10,117.00 18,958.23 9,762.06 11,092.13 13,686.91 10,270.87
19,453.99 24,770.91 34,973.81 27,434.76 24,967.85 34,510.29 18,586.85
9,117.76 7,671.82 18,263.58 16,052.22 13,934.95 7,102.46 10,038.01
4,110.67 4,524.97 4,430.87 8,346.76 7,770.73 8,251.50 -
1,990.67 2,154.55 1,119.24 201.16 250.51 418.9 -
17.93 50.94 211.36 284.45 434.76 572.54 -
81.28 96.72 132.94 159.87 114.88 127.08 -
11,601.88 8,988.92 12,038.88 12,657.28 10,047.44 12,102.33 0
11,683.16 9,085.64 12,171.82 12,817.15 10,162.32 12,229.41 0
0 0 0 0 0 0 -
304,699.46 263,566.66 385,853.12 335,317.94 345,954.28 364,258.25 365,043.75
168,756.86 228,924.62 232,061.04 310,958.19 319,490.39 396,735.85 566,704.36
0 0 0 0 0 0 3,904.73
5,332.80 5,457.36 0 2,284.87 2,880.71 2,765.41 3,617.51
0 0 13,851.08 2,566.92 0 0 0
4,800.42 4,822.52 5,247.90 1,698.64 1,430.00 1,446.16 -
0 0 0 0 0 0 -
0 0 0 0 0 0 63,466.79
0 0 0 0 0 0 13,338.00
0 0 0 0 0 0 -
178,890.08 239,204.49 251,160.02 317,508.62 323,801.09 400,947.42 651,031.39
483,589.54 502,771.15 637,013.13 652,826.55 669,755.37 765,205.67 1,016,075.14
40,974.00 41,000.00 41,000.00 41,000.00 41,000.00 41,000.00 41,000.00
- - - - - - 0
- - - - - - 0
0 0 0 0 0 0 -
40,974.00 41,000.00 41,000.00 41,000.00 41,000.00 41,000.00 41,000.00
0 0 0 0 0 0 0
103,047.35 122,334.81 169,931.73 161,255.57 161,255.57 161,255.57 157,026.14
 64,322.70 60,509.22 32,807.06 37,165.68 37,165.68 37,165.68 502,677.07
0 0 0 0 0 0 -
31,103.57 62,596.92 11,728.74 10,256.18 2,426.65 9,891.20 25,213.14
1,743.50 0 0 11,728.74 18,484.92 16,711.57 15,013.20
147,841.34 147,209.27 200,208.35 207,313.21 447,395.00 440,975.00 -

- - - - - - 0
389,032.46 433,650.22 455,675.88 468,719.38 707,727.82 706,999.02 740,929.54
872,622.00 936,421.36 1,092,689.01 1,121,545.94 1,377,483.19 1,472,204.69 1,757,004.68

2009 2010 2011 2012 2013 2014 2015

872,622.00 936,421.36 1,092,689.01 1,121,545.94 1,377,483.19 1,472,204.69 1,757,004.68

TOTAL ACTIVO
f(x) = 12859.3986356871x^2 - 51604530.8432479x + 51772802965.8814
R = 0.987195232

TOTAL ACTIVO
Polynomial (TOTAL ACTIVO)

2006 2008 2010 2012 2014 2016

2016 2017 2018 2019 2020

122,196.30 138,226.27 155,857.74 175,090.70 195,925.15

28,602.04 32,354.11 36,481.04 40,982.83 45,859.47

156,406.86 176,924.65 199,492.28 224,109.78 250,777.12

41,246.76 46,657.60 52,609.02 59,101.01 66,133.57

251,086.64 284,024.72 320,253.52 359,773.03 402,583.27

3,331.07 3,768.05 4,248.69 4,772.98 5,340.92

602,869.67 681,955.39 768,942.27 863,830.31 966,619.50
1,359,511.75 1,537,855.38 1,734,016.65 1,947,995.57 2,179,792.12
1,962,381.42 2,219,810.77 2,502,958.92 2,811,825.87 3,146,411.62
143,202.05 161,987.60 182,649.94 205,189.08 229,605.01
329,399.84 372,611.21 420,139.66 471,985.20 528,147.83

44,482.55 50,317.87 56,736.17 63,737.45 71,321.72

17,779.86 20,112.27 22,677.69 25,476.13 28,507.59
8,565.59 9,689.24 10,925.15 12,273.32 13,733.75
1,785.14 2,019.32 2,276.89 2,557.86 2,862.23
303.93 343.80 387.65 435.49 487.31

19,133.93 21,643.96 24,404.76 27,416.32 30,678.65

0.00 0.00 0.00 0.00 0.00
564,652.89 638,725.25 720,197.90 809,070.85 905,344.08

785,860.55 939,530.56 1,109,693.84 1,296,247.54 1,499,088.81

1,350,513.43 1,578,255.81 1,829,891.75 2,105,318.39 2,404,432.90

41,000.00 41,000.00 41,000.00 41,000.00 41,000.00

 502,677.07 502,677.07 502,677.07 502,677.07 502,677.07

27,964.58 29,686.97 31,512.22 33,440.31 35,471.24

40,226.34 68,190.92 97,877.89 129,390.10 162,830.41

611,867.99 641,554.96 673,067.17 706,507.48 741,978.72

1,962,381.42 2,219,810.77 2,502,958.92 2,811,825.87 3,146,411.62

611,867.99 641,554.96 673,067.17 706,507.48 741,978.72

0.00 0.00 0.00 0.00 0.00
263149.466764632 348249.136510383 442991.465002272 547273.605592118 660992.711628372

2016 2017 2018 2019 2020

se seala desde balance y activo fijo (A107 a k108) se va a insertar Grfico dispersin
luego en el grfico se para sobre la lnea clicl derecho agregar linea de tendencia, se busca entre las opcion
Luego se copia la formula 12,859. Arriba en acivo fijo y se multiplica por los aos. Las x son aos.

TAL ACTIVO)
 689,216.17 6.2%
161,322.27 1.5%

882,171.84 8.0%

232,641.54 2.1%

1,416,188.28 12.8%

18,788.05 0.2%
3,400,328.11 30.7%
7,667,969.07 69.3%
11,068,297 100.0% El Activo siempre ser el 100%. De aqu se parte y este es el dato que vamos a calcular
807,693.57 7.3%
1,857,893.31 16.8%

250,892.16 2.3%
100,282.66 0.9%
48,311.95 0.4%
10,068.62 0.1%
1,714.23 0.0%

107,919.91 1.0%
0.00 0.0%
3,184,776.36 28.8%

2,948,214.61 26.6%

409,896.00 3.7%
5,493.28 0.0%
1,128,183.92 10.2%
 987,506.07 8.9%
0.00 0.0%
207,569.18 1.9%
193,030.17 1.7%
2,003,627.63 18.1%

fico dispersin
endencia, se busca entre las opciones de lineal, polinmico etc cual nos d un r^2 cercano a 1 (debe escogerse el mas cercano a 1), abajo s
or los aos. Las x son aos.
ato que vamos a calcular con la ecuacin del grafico de dispersin. Recordar q x es el ao
el mas cercano a 1), abajo se selecciona extrapolar 5 periodos y los ultimos dos chulos en presentar ecuaciny prsentar R2
ciny prsentar R2
 PERDIDAS Y GANANCIAS 2006
Ingresos Operacionales 14,446,847.55
Costo De Ventas Y De Prestacin De Servicios 11,374,215.11
UTILIDAD BRUTA 3,072,632.45
Gastos Operacionales De Administracin 560,640.91
Gastos Operacionales De Ventas 2,147,526.87
Otras ganancias (prdidas) Operaciones por Ajuste Niif -
UTILIDAD OPERACIONAL 364,464.66
Ingresos No Operacionales 487,538.70
Gastos No Operacionales 457,541.21
Ajustes No Operacionales Normas Internacionales 124,348.35
UTILIDAD ANTES DE IMPUESTOS Y AJUSTES X INFLACION 394,462.15
Impuesto De Renta Y Complementarios 149,522.68
Ganancia (prdida) procedente de operaciones discontinuadas -
GANANCIAS Y PERDIDAS 369,287.81
Depreciacion del Periodo -
Amortizaciones -
2007 2008 2009 2010
16,539,272.90 17,933,794.31 19,149,630.10 20,901,158.55
12,958,984.15 14,025,581.76 14,737,386.77 16,187,997.30
3,580,288.74 3,908,212.56 4,412,243.33 4,713,161.25
659,938.00 805,596.61 868,485.20 908,019.94
2,430,678.41 2,689,749.95 2,959,200.29 3,095,539.22
- - - -
489,672.33 412,866.00 584,557.84 709,602.09
961,837.21 1,377,155.14 1,196,967.35 823,644.03
907,449.33 1,246,828.59 1,129,866.92 709,265.66
- - - -
544,060.21 543,192.55 651,658.28 823,980.47
131,667.36 86,363.29 159,863.37 158,310.93
- - - -
412,392.85 456,829.25 491,794.91 665,669.54
- 162,354.02 189,444.88 203,119.21
- 46,418.61 46,105.20 58,008.51
2011 2012 2013 2014
23,192,368.33 25,056,846.89 26,285,726.22 28,515,208.26
17,867,415.88 19,209,997.56 20,182,056.55 21,842,494.86
5,324,952.46 5,846,849.33 6,103,669.67 6,672,713.40
1,008,407.45 1,119,502.46 1,424,047.25 1,571,783.32
3,497,198.38 3,912,022.88 4,039,031.03 4,287,566.91
- - - -
819,346.62 815,324.01 640,591.39 813,363.17
808,449.28 855,254.01 772,868.86 914,491.16
650,355.05 617,917.93 605,203.66 800,687.97
- - - -
977,440.86 1,052,660.08 808,256.59 927,166.35
205,153.71 224,412.15 328,901.69 341,638.36
- - - -
772,287.15 828,247.93 479,354.89 585,528.00
226,051.86 238,791.27 317,511.95 288,985.23
65,370.64 70,705.39 179,867.20 165,620.04
2015
30,508,635.32
23,258,057.95
7,163,958.90
3,383,973.52
2,507,869.16
-44,037.92
1,314,696.78
1,349,082.36
1,440,614.14
-1,558.64
1,221,606.37
255,342.24
0
966,264.13
384,947.48
-
 ESTADO DE RESULTADOS 2009
Ingresos Operacionales 999,865.79
Costo De Ventas Y De Prestacin De Servicios 797,469.63
UTILIDAD BRUTA 202,396.16
Gastos Operacionales De Administracin 17,982.19
Gastos Operacionales De Ventas 178,237.18
Otras ganancias (prdidas) Operaciones por Ajuste Niif -
UTILIDAD OPERACIONAL 6,176.80
Ingresos No Operacionales 67,776.30
Gastos No Operacionales 31,086.55
Ajustes No Operacionales Normas Internacionales -
UTILIDAD ANTES DE IMPUESTOS Y AJUSTES X INFLACION 42,866.55
Impuesto De Renta Y Complementarios 11,762.98

Ganancia (prdida) procedente de operaciones discontinuadas -

GANANCIAS Y PERDIDAS 31,103.57
Depreciacion del Periodo 14,673.59
Amortizaciones 12.66

Propiedades Planta y equipo Balance 244,430.33

Deprec P&G 14,673.59
6%
Promedio

Ingresos Op
1,600,000.00

f(x) = - 2837.2233332071x^2 + 11
1,400,000.00 R = 0.9769488441

1,200,000.00

1,000,000.00

800,000.00

600,000.00
1,200,000.00

1,000,000.00

800,000.00

600,000.00

400,000.00

200,000.00

0.00
2008 2009 2010 2011 2012 201
 2010 2011 2012 2013 2014
1,037,991.36 1,164,623.02 1,269,193.97 1,292,984.44 1,347,454.43
825,885.45 912,728.26 943,757.17 963,112.41 1,005,473.19
212,105.91 251,894.76 325,436.81 329,872.03 341,981.24
17,164.13 19,595.60 17,695.57 22,897.61 29,485.40
201,275.81 236,959.79 264,415.48 264,143.95 265,492.84
- - - - -
-6,334.03 -4,660.63 43,325.76 42,830.47 47,003.01
93,292.09 59,738.15 26,490.07 12,802.24 19,930.62
20,425.86 32,872.29 50,984.87 49,428.00 52,920.07
- - - - -
66,532.20 22,205.24 18,830.96 6,204.71 14,013.56
3,935.28 10,476.49 8,574.78 3,778.06 4,122.36

- - - - -
62,596.92 11,728.74 10,256.18 2,426.65 9,891.20
12,117.44 13,396.54 16,445.10 14,978.05 14,819.19
8.83 654.15 1,415.22 1,423.69 18.71

364,882.21 357,863.40 347,812.73 348,436.58 379,680.19

12,117.44 13,396.54 16,445.10 14,978.05 14,819.19
3% 4% 5% 4% 4%

Ingresos Operacionales
00.00

f(x) = - 2837.2233332071x^2 + 11491088.6828252x - 11633348396.323

00.00 R = 0.9769488441

00.00

00.00
Ingresos Operacionales
Polynomial (Ingresos
00.00 Operacionales)

00.00
00.00

00.00
Ingresos Operacionales
Polynomial (Ingresos
00.00 Operacionales)

00.00

00.00

00.00

0.00
2008 2009 2010 2011 2012 2013 2014 2015 2016
2015 2016 2017 2018
1,442,388.51 1,537,147.28 1,631,823.42 1,732,152.80
1,072,996.43
365,123.35 342,707.95 363,816.05 386,184.55
312,388.92
0
-8,752.63
48,250.54 26,177.60 27,789.94 29,498.55
32,212.29
67,102.07
0
13,360.76 34,270.86 36,381.68 38,618.53
-11,852.38

0
25,213.14 27,964.58 29,686.97 31,512.22
17,386.88
-

793,192.72
17,386.88
2%
2019 2020 A. Horizontal
1,838,135.42 1,949,771.28 11,409,592.19
8,861,548 77.7%
409,813.44 434,702.73 2,543,776 22.3%
481,197 4.2%
1,863,790 16.3%
(8,753) -0.1%
31,303.43 33,204.59 194,305 1.7%
447,930 3.9%
387,858 3.4%
12,065 0.1%
40,981.43 43,470.36 254,378 2.2%
58,874 0.5%

- 0.0%
33,440.31 35,471.24 207,569 1.8%
119,680 4.3%
3,554 0.0%