CALCULO DE COSTOS

AÑO 0 1 2 3

# de unidades 4,702,286 4,702,286 7,053,429

Precio de Venta ($US) 0.244 0.244 0.244
Ingresos 1,148,547 1,148,547 1,722,820
Mano de obra 41,379 41,379 41,379
Materiales (combustible,
aceites , rep. menores
,etc)
630,720 630,720 630,720
Costos Indirectos 100,815 100,815 100,815

Total Costos 772,914 772,914 772,914

Capital de Trabajo 386,457 386,457 386,457

INVERSION TOTAL
Año 0 1 2 3
Terrenos 900,000.00
Estaciones 900,000.00
Buses articulados 1,500,000.00
Mejoramiento vial 2,000,000.00
Mantenimiento vias - buse 900,000.00

INV. TOTAL 6,200,000.00 0.00 0.00 0.00

DEPRECIACION
Item Valor 1 2 3
Terreno 900,000
Estaciones 900,000 22,500 22,500 22,500
Buses articulados 1,500,000 150,000 150,000 150,000

TOTALES 172,500 172,500 172,500

PLAN DE FINANCIAMIENTO
 Metodo SAC
Año Saldo Interes Amortizacion Prestacion
0 3,720,000.00
1 3,255,000.00 148,800.00 465,000.00 613,800.00
2 2,790,000.00 130,200.00 465,000.00 595,200.00
3 2,325,000.00 111,600.00 465,000.00 576,600.00
4 1,860,000.00 93,000.00 465,000.00 558,000.00
5 1,395,000.00 74,400.00 465,000.00 539,400.00
6 930,000.00 55,800.00 465,000.00 520,800.00
7 465,000.00 37,200.00 465,000.00 502,200.00
8 0.00 18,600.00 465,000.00 483,600.00
4,389,600.00

FLUJO DE CAJA

AÑO 0 1 2 3
(+)Ingresos 1,148,547 1,148,547 1,722,820
( - ) Costos Totales 772,914 772,914 772,914
( - ) Depreciacion 172,500 172,500 172,500
( - ) Intereses 148,800 130,200 111,600
Utilidad A. de Impuestos 54,333 72,933 665,806
( - ) Impuestos 10,940 99,871
Utilidad D. de Impuestos 61,993 565,935
(+) Depreciación 172,500 172,500 172,500
( - ) Inversion total 6,200,000 0 0 0
( + ) Valor Residual
( + ) Recuperación del KT.
( + ) Prestamo 3,720,000
( - ) Amortizacion 465,000 465,000 465,000

FLUJO DE CAJA -2,480,000 -292,500 -230,507 273,435

Tasa de descuento % 12.7 VAN= ($b 90,759.62)

TIR= 12.24%
CALCULO DE COSTOS

4 5 6 7 8 9 10

7,053,429 9,404,571 9,404,571 9,404,571 9,404,571 9,404,571 9,404,571

0.244 0.244 0.244 0.244 0.244 0.244 0.244
1,722,820 2,297,094 2,297,094 2,297,094 2,297,094 2,297,094 2,297,094
41,379 41,379 41,379 41,379 41,379 41,379 41,379

630,720 630,720 630,720 630,720 630,720 630,720 630,720

100,815 100,815 100,815 100,815 100,815 100,815 100,815

772,914 772,914 772,914 772,914 772,914 772,914 772,914

386,457 386,457 386,457 386,457 386,457 386,457 386,457

4 5

900,000.00

0.00 900,000.00

DEPRECIACIONES
4 5 6 7 8 9 10

22,500 22,500 22,500 22,500 22,500 22,500 22,500

150,000 150,000 150,000 150,000 150,000 150,000 150,000

172,500 172,500 172,500 172,500 172,500 172,500 172,500

 3,720,000 60% inv.total
4% interes anual

FLUJO DE CAJA

4 5 6 7 8 9 10
1,722,820 2,297,094 2,297,094 2,297,094 2,297,094 2,297,094 2,297,094
772,914 772,914 772,914 772,914 772,914 772,914 772,914
172,500 172,500 172,500 172,500 172,500 172,500 172,500
93,000 74,400 55,800 37,200 18,600
684,406 1,277,279 1,295,879 1,314,479 1,333,079 1,351,679 1,351,679
102,661 191,592 194,382 197,172 199,962 202,752 202,752
581,745 1,085,687 1,101,497 1,117,307 1,133,117 1,148,927 1,148,927
172,500 172,500 172,500 172,500 172,500 172,500 172,500
0 900,000
1,575,000
386,457

465,000 465,000 465,000 465,000 465,000

289,245 -106,813 808,997 824,807 840,617 1,321,427 3,282,885

 HIPOTESIS

E- %
AYACUCHO
TIPO DE VEHICULO CANTIDAD
PASAJEROS 6
COMPOSICION HORAS

Automovil 5,019 41.34% 14,183

Camioneta 617 10.68%
Minibus 5,910 31.32% 22,267
Microbus 316 2.68% 2,679 12

450
Bus Mediano 3.28% 4,663 12 BUSES, 16 HORAS, 365 DIAS, 9
Bus grande 2 0.33% 28 15% DE (MANO DE OBRA + MATE
Camión mediano 83 2.70%
Camión grande 8 0.83%
Camión eje tandem 2 0.74%
Camión semoremolqu 0 0.23%
Camión con remolque 0 0.05%
Otros 799 5.81%
13,206 100.00% 43,820 25,766
PUBLICO 47%
VHMD
PRIVADO 53% FHMD= 0.98
N (q máx )
TOTAL 100%

Valor Residual
900,000
675,000 2.5%
0 10.0%

1,575,000
 BUSES ARTICULADOS 4000 Bs.-

2 BUSES, 16 HORAS, 365 DIAS, 9 $US/HORA

5% DE (MANO DE OBRA + MATERIALES)

25,920 SEIS BUSES DE CAPACIDAD 90 PERSONAS, 3 VIAJES EN UNA HORA, DURANTE 16 HORAS
DIA 15% del total 6 MESES DEL COSTO TOTAL

600,000.00 300,000.00
750,000.00 150,000.00
ANTE 16 HORAS
 CALCULO DE CO

AÑO 0 1 2 3

# de pasajeros 4,702,286 4,702,286 7,053,429

Precio de pasaje ($US) 0.244 0.244 0.244
Ingresos 1,148,547 1,148,547 1,722,820
Mano de obra (chofer) 96,552 96,552 96,552
Materiales (combustible,
aceites , rep. menores
,etc)
467,200 467,200 467,200
Costos Indirectos 84,563 84,563 84,563

Total Costos 648,314 648,314 648,314

Capital de Trabajo 324,157 324,157 324,157

INVERSION TOTAL ($us)

Año 0 1 2 3
Terrenos 700,000.00
Estaciones 750,000.00
Buses articulados 2,000,000.00
Mejoramiento vial 2,000,000.00
Mantenimiento vias -
buses 1,000,000.00

INV. TOTAL 6,450,000.00 0.00 0.00 0.00

DEPREC
Item Valor 1 2 3
Terreno 700,000
Estaciones 750,000 18,750 18,750 18,750
Buses articulados 2,000,000 200,000 200,000 200,000

TOTALES 218,750 218,750 218,750

 PLAN DE FINANCIAMIENTO ($us)
Metodo SAC
Año Saldo Interes Amortizacion Prestacion
0 3,870,000.00
1 3,386,250.00 154,800.00 483,750.00 638,550.00
2 2,902,500.00 135,450.00 483,750.00 619,200.00
3 2,418,750.00 116,100.00 483,750.00 599,850.00
4 1,935,000.00 96,750.00 483,750.00 580,500.00
5 1,451,250.00 77,400.00 483,750.00 561,150.00
6 967,500.00 58,050.00 483,750.00 541,800.00
7 483,750.00 38,700.00 483,750.00 522,450.00
8 0.00 19,350.00 483,750.00 503,100.00
4,566,600.00

FLUJO DE CA

AÑO 0 1 2 3
(+)Ingresos 1,148,547 1,148,547 1,722,820
( - ) Costos Totales 648,314 648,314 648,314
( - ) Depreciacion 218,750 218,750 218,750
( - ) Intereses 154,800 135,450 116,100
Utilidad A. de Impuestos 126,682 146,032 739,656
( - ) Impuestos 21,905 110,948
Utilidad D. de Impuestos 124,127 628,707
(+) Depreciación 218,750 218,750 218,750
( - ) Inversion total 6,450,000 0 0 0
( + ) Valor Residual
( + ) Recuperación del KT.
( + ) Prestamo 3,870,000
( - ) Amortizacion 483,750 483,750 483,750

FLUJO DE CAJA -2,580,000 -265,000 -140,873 363,707

Tasa de descuento % 12.7 VAN= $b 99,305.76 $b 99,305.76

TIR= 13.20% 13.20%
CALCULO DE COSTOS ($us)

4 5 6 7 8 9

7,053,429 9,404,571 9,404,571 9,404,571 9,404,571 9,404,571

0.244 0.244 0.244 0.244 0.244 0.244
1,722,820 2,297,094 2,297,094 2,297,094 2,297,094 2,297,094
96,552 96,552 96,552 96,552 96,552 96,552

467,200 467,200 467,200 467,200 467,200 467,200

84,563 84,563 84,563 84,563 84,563 84,563

648,314 648,314 648,314 648,314 648,314 648,314

324,157 324,157 324,157 324,157 324,157 324,157

4 5

1,000,000.00

0.00 1,000,000.00

DEPRECIACIONES ($us)
4 5 6 7 8 9

18,750 18,750 18,750 18,750 18,750 18,750

200,000 200,000 200,000 200,000 200,000 200,000

218,750 218,750 218,750 218,750 218,750 218,750

 3,870,000 52% inv.total
4% interes anual

FLUJO DE CAJA ($us)

4 5 6 7 8 9
1,722,820 2,297,094 2,297,094 2,297,094 2,297,094 2,297,094
648,314 648,314 648,314 648,314 648,314 648,314
218,750 218,750 218,750 218,750 218,750 218,750
96,750 77,400 58,050 38,700 19,350
759,006 1,352,629 1,371,979 1,391,329 1,410,679 1,430,029
113,851 202,894 205,797 208,699 211,602 214,504
645,155 1,149,735 1,166,182 1,182,630 1,199,077 1,215,525
218,750 218,750 218,750 218,750 218,750 218,750
0 1,000,000

483,750 483,750 483,750 483,750 483,750

380,155 -115,265 901,182 917,630 934,077 1,434,275

99,305.76 € 99,305.76 €
13.20% 13.20%
 HIPOTESIS

E- %
AYACUCHO
10 TIPO DE VEHICULO CANTIDAD
PASAJEROS 6
COMPOSICION HORAS

9,404,571 Automovil 5,019 41.34% 14,183

0.244 Camioneta 617 10.68%
2,297,094 Minibus 5,910 31.32% 22,267
96,552 Microbus 316 2.68% 2,679

450
467,200 Bus Mediano 3.28% 4,663
84,563 Bus grande 2 0.33% 28
Camión mediano 83 2.70%
Camión grande 8 0.83%
Camión eje tandem 2 0.74%
Camión semoremolqu 0 0.23%
Camión con remolque 0 0.05%
648,314 Otros 799 5.81%
324,157 13,206 100.00% 43,820
PUBLICO 47%
VHMD
PRIVADO 53% FHMD= 0.98
N (q máx )
TOTAL 100%

77,651 171,773

10 Valor Residual
700,000
18,750 562,500 2.5%
200,000 0 10.0%

218,750 1,262,500
 10
2,297,094
648,314
218,750

1,430,029
214,504
1,215,525
218,750

1,262,500 ,
324,157

3,020,932
 12 BUSES ARTICULADOS 4000 Bs.-

12 BUSES, 16 HORAS, 365 DIAS, 9 $US/HORA

15% DE (MANO DE OBRA + MATERIALES)

25,920 SEIS BUSES DE CAPACIDAD 90 PERSONAS, 3 VIAJES EN UNA HORA, DURANTE 16 HORAS
25,766 DIA 15% del total 6 MESES DEL COSTO TOTAL

180000
27000

400,000.00 300,000.00
600,000.00 150,000.00
ORA, DURANTE 16 HORAS
 ESTRUCTURA DE FINANCIAMIENTO

FUENTE DE FINACIAMIENTO

DETALLE TOTAL ($US) INTERNO

PROPIO ($US) %

Terrenos 700,000.00 700,000 9%

Estaciones 750,000.00
Buses articulados 2,000,000.00
Mejoramiento vial 2,000,000.00 2,000,000 27%
Mantenimiento vias - buses 2,000,000.00 880,000 12%
TOTAL 7,450,000.00 3,580,000.00 48%
AMIENTO PRESUPUESTO GENERA

FUENTE DE FINACIAMIENTO

EXTERNO COMPONENTE

ORGANISMOS
%
INTERNACIONALES ($US)
Componente 1
750,000 10% Componente 2
2,000,000 27% Componente 3
Componente 4
1,120,000 15% Componente 5
3,870,000.00 52%
 PRESUPUESTO GENERAL

DETALLE TOTAL ($US)

Terrenos 700,000.00
Estaciones 750,000.00
Buses articulados 2,000,000.00
Mejoramiento vial 2,000,000.00
Mantenimiento vias - buses 2,000,000.00
TOTAL 7,450,000.00