mano de obra

conductores
peones
otro personal
S.S.
Coste total mano de obra: (con seguros sociales)
Costes operativos + mantenimiento:
Seguros: 3% de maquinaria y camiones
Alquiler de terrenos

Producción estimada: 280 días al 75% de producción 6500

Cobros anuales16 € cada m2 16

Pagos variables: 9.5 € cada m2 9.5

Hipótesis de cálculo:
U. Producidas = U. Vendidas
Operación realizada al contado
Ingresos = Cobros
Pagos = Gastos
Beneficio = Flujo neto de caja.
Desembolso inicial: maquinaria, camiones y circulante
 1,000,000.00 €
600,000.00 €
400,000.00 €
12%
2,240,000.00 €
850,000.00 €
198,000.00 €
2,400,000.00 €

1365000

21840000
12967500

11,600,000.00 €
años 0 1 2 3 4 5 6 7
desembolso inic -11600000
Cobros 21,840,000 21,840,000 21,840,000 21,840,000 21,840,000 21,840,000 21,840,000
Pagos fijos: 5,688,000 5,688,000 5,688,000 5,688,000 5,688,000 5,688,000 5,688,000
Pagos variables: 12,967,500 12,967,500 12,967,500 12,967,500 12,967,500 12,967,500 12,967,500
FNC act. prod. 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
amortizaciones 1,120,000 1,120,000 1,120,000 1,120,000 1,120,000
B.I. 2,064,500 2,064,500 2,064,500 2,064,500 2,064,500 3,184,500 3,184,500
Impuestos(30%) 619,350 619,350 619,350 619,350 619,350 955,350 955,350
Valor residual 1,000,000
Rec. circulante 5,000,000
FNC 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500 9,184,500
FNC act. prod. 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
(-) Impuestos 619,350 619,350 619,350 619,350 619,350 955,350 955,350
(+)Valor residual 1,000,000
(+)circulante 5,000,000
FNC -11600000 2,565,150 2,565,150 2,565,150 2,565,150 2,565,150 2,229,150 8,229,150
 Caso 3: GENERACIÓN FLUJOS DE CAJA

años 0 1
desembolso inic -11600000
Cobros 21,840,000
Pagos fijos: 5,688,000
Pagos variables: 12,967,500
FNC act. prod. 3,184,500
amortizaciones 1,120,000
B.I. 2,064,500
Impuestos(30%) 619,350
Valor residual
Rec. circulante
FNC 3,184,500
FNC act. prod. 3,184,500
(-) Impuestos 619,350
(+)Valor residual
(+)circulante
FNC -11600000 2,565,150

calculo del VAN (10%) 3,605,088.87 €

calculo del VAN (5%) 7,017,486.40 €
calculo del VAN (3%) 8,705,565.93 €
Cálculo de la TIR 17.56%

Calculo del VAN ajustado (Amp. Cap.) N-0,02N = 11600000

N=
Variacion D= N-D
Calculo del VAN ajustado (A. Cap) (10%) 3,368,354.18 €
Calculo del VAN ajustado (A. Cap) (5%) 6,780,751.71 €
Calculo del VAN ajustado (A. Cap) (3%) 8,468,831.24 €
GENERACIÓN FLUJOS DE CAJA

2 3 4 5 6

21,840,000 21,840,000 21,840,000 21,840,000 21,840,000

5,688,000 5,688,000 5,688,000 5,688,000 5,688,000
12,967,500 12,967,500 12,967,500 12,967,500 12,967,500
3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
1,120,000 1,120,000 1,120,000 1,120,000
2,064,500 2,064,500 2,064,500 2,064,500 3,184,500
619,350 619,350 619,350 619,350 955,350

3,184,500 3,184,500 3,184,500 3,184,500 3,184,500

3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
619,350 619,350 619,350 619,350 955,350

2,565,150 2,565,150 2,565,150 2,565,150 2,229,150

= 11600000
11836734.69388
236734.6938776
 7

21,840,000
5,688,000
12,967,500
3,184,500

3,184,500
955,350
1,000,000
5,000,000
9,184,500
3,184,500
955,350
1,000,000
5,000,000
8,229,150
 Caso 3: GENERACIÓN FLUJOS DE CAJA

años 0 1
desembolso inic -11600000
Cobros 21,840,000
Pagos fijos: 5,688,000
Pagos variables: 12,967,500
FNC act. prod. 3,184,500
amortizaciones 1,120,000
B.I. 2,064,500
Impuestos(30%) 619,350
Valor residual
Rec. circulante
FNC 3,184,500
FNC act. prod. 3,184,500
(-) Impuestos 619,350
(+)Valor residual
(+)circulante
FNC -11600000 2,565,150

calculo del VAN (10%) 3,605,088.87 €

calculo del VAN (5%) 7,017,486.40 €
calculo del VAN (3%) 8,705,565.93 €
Cálculo de la TIR 17.56%

Calculo del VAN ajustado (prestamo) Anualidad

VAN credito(10%) 1,840,232.63 €

VAN credito(5%) 0.00 €
VAN credito(3%) -889,909.88 €
CON AHORRO FISCAL:
tipo fiscal 30.00%
tipo de interes 10.00%
Cuadro del prestamo
Período Rédito Término
período amortizativo
Origen
1 5.00% 2,004,710
2 5.00% 2,004,710
3 5.00% 2,004,710
4 5.00% 2,004,710
5 5.00% 2,004,710
6 5.00% 2,004,710
7 5.00% 2,004,710

Calculo del VAN ajus(prest) (10%)

Calculo del VAN ajus(prest) (5%)
Calculo del VAN ajus(prest) (3%)
GENERACIÓN FLUJOS DE CAJA

2 3 4 5 6

21,840,000 21,840,000 21,840,000 21,840,000 21,840,000

5,688,000 5,688,000 5,688,000 5,688,000 5,688,000
12,967,500 12,967,500 12,967,500 12,967,500 12,967,500
3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
1,120,000 1,120,000 1,120,000 1,120,000
2,064,500 2,064,500 2,064,500 2,064,500 3,184,500
619,350 619,350 619,350 619,350 955,350

3,184,500 3,184,500 3,184,500 3,184,500 3,184,500

3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
619,350 619,350 619,350 619,350 955,350

2,565,150 2,565,150 2,565,150 2,565,150 2,229,150

n= 7 a= 2,004,710
i= 5.00%
C0 = (11,600,000)

Calculo del VAN ajus(prest) (10%) 5,445,321.50 €

Calculo del VAN ajus(prest) (5%) 7,017,486.40 €
Calculo del VAN ajus(prest) (3%) 7,815,656.05 €
 5.00% 3.00%

Cuota de Cuota de Capital Capital ahorro fiscal

interés amortización amortizado vivo
11,600,000
580,000 1,424,710 1,424,710 10,175,290 174000
508,765 1,495,945 2,920,655 8,679,345 152629.351590366
433,967 1,570,743 4,491,398 7,108,602 130190.170760251
355,430 1,649,280 6,140,678 5,459,322 106629.03088863
272,966 1,731,744 7,872,422 3,727,578 81889.8340234276
186,379 1,818,331 9,690,752 1,909,248 55913.6773149653
95,462 1,909,248 11,600,000 0 28638.7127710799

5,997,391.29 €
7,648,066.61 €
8,483,088.46 €
 7

21,840,000
5,688,000
12,967,500
3,184,500

3,184,500
955,350
1,000,000
5,000,000
9,184,500
3,184,500
955,350
1,000,000
5,000,000
8,229,150
va ahorro fiscal va ahorro fiscal va ahorro fiscal
10.00% 5.00% 3.00%

158181.818181818 165714.285714286 168932.038834951

126139.959992038 138439.3211704 143867.802422817
97813.8022240803 112463.164461938 119142.448901007
72829.0628294719 87723.9675967358 94738.5128763495
50847.1440869213 64162.8277251146 70638.8901803699
31561.8131777372 41723.6468949993 46826.8244845734
14696.1879541571 20352.9984853656 23285.8942499656
552069.788446224 630580.212048839 667432.411950034
 Caso 3: GENERACIÓN FLUJOS DE CAJA

años 0 1
desembolso inic -11600000
Cobros 21,840,000
Pagos fijos: 5,688,000
Pagos variables: 12,967,500
FNC act. prod. 3,184,500
amortizaciones 1,120,000
B.I. 2,064,500
Impuestos(30%) 619,350
Valor residual
Rec. circulante
FNC 3,184,500
FNC act. prod. 3,184,500
(-) Impuestos 619,350
(+)Valor residual
(+)circulante
FNC -11600000 2,565,150

calculo del VAN (10%) 3,277,353.52 €

calculo del VAN (5%) 6,683,320.38 €
calculo del VAN (3%) 8,452,005.76 €
Cálculo de la TIR 17.56%

Cálculo del VAN con Inflación afecta a FNC=

años 0 1
FNC -11600000 2565150
FNC con inflación -11600000 2515820.19230769

calculo del VAN (10%) 2,197,311.40 €

calculo del VAN (5%) 5,225,320.52 €
calculo del VAN (3%) 6,798,026.92 €
Cálculo de la TIR 15.30%
GENERACIÓN FLUJOS DE CAJA

2 3 4 5 6

21,840,000 21,840,000 21,840,000 21,840,000 21,840,000

5,688,000 5,688,000 5,688,000 5,688,000 5,688,000
12,967,500 12,967,500 12,967,500 12,967,500 12,967,500
3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
1,120,000 1,120,000 1,120,000 1,120,000
2,064,500 2,064,500 2,064,500 2,064,500 3,184,500
619,350 619,350 619,350 619,350 955,350

3,184,500 3,184,500 3,184,500 3,184,500 3,184,500

3,184,500 3,184,500 3,184,500 3,184,500 3,184,500
619,350 619,350 619,350 619,350 955,350

2,565,150 2,565,150 2,565,150 2,565,150 2,229,150

2.00% Inflación= 4.00%

2 3 4 5 6
2565150 2565150 2565150 2565150 2229150
2467439.03476331 2419988.28409479 2373450.047862 2327806.777711 1983993.69661437
 7

21,840,000
5,688,000
12,967,500
3,184,500

3,184,500
955,350
1,000,000
5,000,000
9,184,500
3,184,500
955,350
1,000,000
5,000,000
8,229,150

7
8229150
7183280.17537904