FECHA DEUDA CUOTA CAPITAL INTERÉS SALDO Tasa Anual 24% FECHA DEUDA CUOTA CAPITAL INTERÉS SALDO

FECHA DEUDA CUOTA CAPITAL INTERÉS SALDO Tasa Anual 24%

1 Nov-09 1,000,000 28,333 8,333 20,000 991,667 Tasa Mensual 0.02 1 Nov-09 400,000 19,111 11,111 8,000 388,889 Tasa Mensual 0.02
2 Dec-09 991,667 28,167 8,333 19,833 983,333 2 Dec-09 388,889 18,889 11,111 7,778 377,778
3 Jan-10 983,333 28,000 8,333 19,667 975,000 3 Jan-10 377,778 18,667 11,111 7,556 366,667
4 Feb-10 975,000 27,833 8,333 19,500 966,667 4 Feb-10 366,667 18,444 11,111 7,333 355,556
5 Mar-10 966,667 27,667 8,333 19,333 958,333 5 Mar-10 355,556 18,222 11,111 7,111 344,444
6 Apr-10 958,333 27,500 8,333 19,167 950,000 6 Apr-10 344,444 18,000 11,111 6,889 333,333
7 May-10 950,000 27,333 8,333 19,000 941,667 7 May-10 333,333 17,778 11,111 6,667 322,222
8 Jun-10 941,667 27,167 8,333 18,833 933,333 8 Jun-10 322,222 17,556 11,111 6,444 311,111
9 Jul-10 933,333 27,000 8,333 18,667 925,000 9 Jul-10 311,111 17,333 11,111 6,222 300,000
10 Aug-10 925,000 26,833 8,333 18,500 916,667 10 Aug-10 300,000 17,111 11,111 6,000 288,889
11 Sep-10 916,667 26,667 8,333 18,333 908,333 11 Sep-10 288,889 16,889 11,111 5,778 277,778
12 Oct-10 908,333 26,500 8,333 18,167 900,000 12 Oct-10 277,778 16,667 11,111 5,556 266,667
13 Nov-10 900,000 26,333 8,333 18,000 891,667 13 Nov-10 266,667 16,444 11,111 5,333 255,556
14 Dec-10 891,667 26,167 8,333 17,833 883,333 14 Dec-10 255,556 16,222 11,111 5,111 244,444
15 Jan-11 883,333 26,000 8,333 17,667 875,000 15 Jan-11 244,444 16,000 11,111 4,889 233,333
16 Feb-11 875,000 25,833 8,333 17,500 866,667 16 Feb-11 233,333 15,778 11,111 4,667 222,222
17 Mar-11 866,667 25,667 8,333 17,333 858,333 17 Mar-11 222,222 15,556 11,111 4,444 211,111
18 Apr-11 858,333 25,500 8,333 17,167 850,000 18 Apr-11 211,111 15,333 11,111 4,222 200,000
19 May-11 850,000 25,333 8,333 17,000 841,667 19 May-11 200,000 15,111 11,111 4,000 188,889
20 Jun-11 841,667 25,167 8,333 16,833 833,333 20 Jun-11 188,889 14,889 11,111 3,778 177,778
21 Jul-11 833,333 25,000 8,333 16,667 825,000 21 Jul-11 177,778 14,667 11,111 3,556 166,667
22 Aug-11 825,000 24,833 8,333 16,500 816,667 22 Aug-11 166,667 14,444 11,111 3,333 155,556
23 Sep-11 816,667 24,667 8,333 16,333 808,333 23 Sep-11 155,556 14,222 11,111 3,111 144,444
24 Oct-11 808,333 24,500 8,333 16,167 800,000 24 Oct-11 144,444 14,000 11,111 2,889 133,333
25 Nov-11 800,000 24,333 8,333 16,000 791,667 25 Nov-11 133,333 13,778 11,111 2,667 122,222
26 Dec-11 791,667 24,167 8,333 15,833 783,333 26 Dec-11 122,222 13,556 11,111 2,444 111,111
27 Jan-12 783,333 24,000 8,333 15,667 775,000 27 Jan-12 111,111 13,333 11,111 2,222 100,000
28 Feb-12 775,000 23,833 8,333 15,500 766,667 28 Feb-12 100,000 13,111 11,111 2,000 88,889
29 Mar-12 766,667 23,667 8,333 15,333 758,333 29 Mar-12 88,889 12,889 11,111 1,778 77,778
30 Apr-12 758,333 23,500 8,333 15,167 750,000 30 Apr-12 77,778 12,667 11,111 1,556 66,667
31 May-12 750,000 23,333 8,333 15,000 741,667 31 May-12 66,667 12,444 11,111 1,333 55,556
32 Jun-12 741,667 23,167 8,333 14,833 733,333 32 Jun-12 55,556 12,222 11,111 1,111 44,444
33 Jul-12 733,333 23,000 8,333 14,667 725,000 33 Jul-12 44,444 12,000 11,111 889 33,333
34 Aug-12 725,000 22,833 8,333 14,500 716,667 34 Aug-12 33,333 11,778 11,111 667 22,222
35 Sep-12 716,667 22,667 8,333 14,333 708,333 35 Sep-12 22,222 11,556 11,111 444 11,111
36 Oct-12 708,333 22,500 8,333 14,167 700,000 36 Oct-12 11,111 11,333 11,111 222 0
37 Nov-12 700,000 22,333 8,333 14,000 691,667
38 Dec-12 691,667 22,167 8,333 13,833 683,333 FECHA DEUDA CUOTA CAPITAL INTERÉS SALDO Tasa Anual 24%
39 Jan-13 683,333 22,000 8,333 13,667 675,000 1 Sep-09 83,216 3,976 2,312 1,664 80,904 Tasa Mensual 0.02
40 Feb-13 675,000 21,833 8,333 13,500 666,667 2 Oct-09 80,904 3,930 2,312 1,618 78,593
41 Mar-13 666,667 21,667 8,333 13,333 658,333 3 Nov-09 78,593 3,883 2,312 1,572 76,281
42 Apr-13 658,333 21,500 8,333 13,167 650,000 4 Dec-09 76,281 3,837 2,312 1,526 73,970
43 May-13 650,000 21,333 8,333 13,000 641,667 5 Jan-10 73,970 3,791 2,312 1,479 71,658
44 Jun-13 641,667 21,167 8,333 12,833 633,333 6 Feb-10 71,658 3,745 2,312 1,433 69,347
45 Jul-13 633,333 21,000 8,333 12,667 625,000 7 Mar-10 69,347 3,698 2,312 1,387 67,035
46 Aug-13 625,000 20,833 8,333 12,500 616,667 8 Apr-10 67,035 3,652 2,312 1,341 64,724
47 Sep-13 616,667 20,667 8,333 12,333 608,333 9 May-10 64,724 3,606 2,312 1,294 62,412
48 Oct-13 608,333 20,500 8,333 12,167 600,000 10 Jun-10 62,412 3,560 2,312 1,248 60,100
49 Nov-13 600,000 20,333 8,333 12,000 591,667 11 Jul-10 60,100 3,514 2,312 1,202 57,789
50 Dec-13 591,667 20,167 8,333 11,833 583,333 12 Aug-10 57,789 3,467 2,312 1,156 55,477
51 Jan-14 583,333 20,000 8,333 11,667 575,000 13 Sep-10 55,477 3,421 2,312 1,110 53,166
52 Feb-14 575,000 19,833 8,333 11,500 566,667 14 Oct-10 53,166 3,375 2,312 1,063 50,854
53 Mar-14 566,667 19,667 8,333 11,333 558,333 15 Nov-10 50,854 3,329 2,312 1,017 48,543
54 Apr-14 558,333 19,500 8,333 11,167 550,000 16 Dec-10 48,543 3,282 2,312 971 46,231
55 May-14 550,000 19,333 8,333 11,000 541,667 17 Jan-11 46,231 3,236 2,312 925 43,920
56 Jun-14 541,667 19,167 8,333 10,833 533,333 18 Feb-11 43,920 3,190 2,312 878 41,608
57 Jul-14 533,333 19,000 8,333 10,667 525,000 19 Mar-11 41,608 3,144 2,312 832 39,296
58 Aug-14 525,000 18,833 8,333 10,500 516,667 20 Apr-11 39,296 3,097 2,312 786 36,985
59 Sep-14 516,667 18,667 8,333 10,333 508,333 21 May-11 36,985 3,051 2,312 740 34,673
60 Oct-14 508,333 18,500 8,333 10,167 500,000 22 Jun-11 34,673 3,005 2,312 693 32,362
61 Nov-14 500,000 18,333 8,333 10,000 491,667 23 Jul-11 32,362 2,959 2,312 647 30,050
62 Dec-14 491,667 18,167 8,333 9,833 483,333 24 Aug-11 30,050 2,913 2,312 601 27,739
63 Jan-15 483,333 18,000 8,333 9,667 475,000 25 Sep-11 27,739 2,866 2,312 555 25,427
64 Feb-15 475,000 17,833 8,333 9,500 466,667 26 Oct-11 25,427 2,820 2,312 509 23,116
65 Mar-15 466,667 17,667 8,333 9,333 458,333 27 Nov-11 23,116 2,774 2,312 462 20,804
66 Apr-15 458,333 17,500 8,333 9,167 450,000 28 Dec-11 20,804 2,728 2,312 416 18,492
67 May-15 450,000 17,333 8,333 9,000 441,667 29 Jan-12 18,492 2,681 2,312 370 16,181
68 Jun-15 441,667 17,167 8,333 8,833 433,333 30 Feb-12 16,181 2,635 2,312 324 13,869
69 Jul-15 433,333 17,000 8,333 8,667 425,000 31 Mar-12 13,869 2,589 2,312 277 11,558
70 Aug-15 425,000 16,833 8,333 8,500 416,667 32 Apr-12 11,558 2,543 2,312 231 9,246
71 Sep-15 416,667 16,667 8,333 8,333 408,333 33 May-12 9,246 2,496 2,312 185 6,935
72 Oct-15 408,333 16,500 8,333 8,167 400,000 34 Jun-12 6,935 2,450 2,312 139 4,623
 73 Nov-15 400,000 16,333 8,333 8,000 391,667 35 Jul-12 4,623 2,404 2,312 92 2,312
74 Dec-15 391,667 16,167 8,333 7,833 383,333 36 Aug-12 2,312 2,358 2,312 46 0
75 Jan-16 383,333 16,000 8,333 7,667 375,000
76 Feb-16 375,000 15,833 8,333 7,500 366,667
77 Mar-16 366,667 15,667 8,333 7,333 358,333
78 Apr-16 358,333 15,500 8,333 7,167 350,000
79 May-16 350,000 15,333 8,333 7,000 341,667
80 Jun-16 341,667 15,167 8,333 6,833 333,333
81 Jul-16 333,333 15,000 8,333 6,667 325,000
82 Aug-16 325,000 14,833 8,333 6,500 316,667
83 Sep-16 316,667 14,667 8,333 6,333 308,333
84 Oct-16 308,333 14,500 8,333 6,167 300,000
85 Nov-16 300,000 14,333 8,333 6,000 291,667
86 Dec-16 291,667 14,167 8,333 5,833 283,333
87 Jan-17 283,333 14,000 8,333 5,667 275,000
88 Feb-17 275,000 13,833 8,333 5,500 266,667
89 Mar-17 266,667 13,667 8,333 5,333 258,333
90 Apr-17 258,333 13,500 8,333 5,167 250,000
91 May-17 250,000 13,333 8,333 5,000 241,667
92 Jun-17 241,667 13,167 8,333 4,833 233,333
93 Jul-17 233,333 13,000 8,333 4,667 225,000
94 Aug-17 225,000 12,833 8,333 4,500 216,667
95 Sep-17 216,667 12,667 8,333 4,333 208,333
96 Oct-17 208,333 12,500 8,333 4,167 200,000
97 Nov-17 200,000 12,333 8,333 4,000 191,667
98 Dec-17 191,667 12,167 8,333 3,833 183,333
99 Jan-18 183,333 12,000 8,333 3,667 175,000
100 Feb-18 175,000 11,833 8,333 3,500 166,667
101 Mar-18 166,667 11,667 8,333 3,333 158,333
102 Apr-18 158,333 11,500 8,333 3,167 150,000
103 May-18 150,000 11,333 8,333 3,000 141,667
104 Jun-18 141,667 11,167 8,333 2,833 133,333
105 Jul-18 133,333 11,000 8,333 2,667 125,000
106 Aug-18 125,000 10,833 8,333 2,500 116,667
107 Sep-18 116,667 10,667 8,333 2,333 108,333
108 Oct-18 108,333 10,500 8,333 2,167 100,000
109 Nov-18 100,000 10,333 8,333 2,000 91,667
110 Dec-18 91,667 10,167 8,333 1,833 83,333
111 Jan-19 83,333 10,000 8,333 1,667 75,000
112 Feb-19 75,000 9,833 8,333 1,500 66,667
113 Mar-19 66,667 9,667 8,333 1,333 58,333
114 Apr-19 58,333 9,500 8,333 1,167 50,000
115 May-19 50,000 9,333 8,333 1,000 41,667
116 Jun-19 41,667 9,167 8,333 833 33,333
117 Jul-19 33,333 9,000 8,333 667 25,000
118 Aug-19 25,000 8,833 8,333 500 16,667
119 Sep-19 16,667 8,667 8,333 333 8,333
120 Oct-19 8,333 8,500 8,333 167 0
 Fecha Inicio Capital Tasa Interes % Plazo Monto Cuota
3/3/2008 78,000.00 24.00 48.00 2,542.94

NO TOQUES DE AQUI PARA ABAJO

Monto Cuota
Cuota Fecha Cta Capital Interes Amort.
(Interes+Amort)
1 4/2/2008 78,000.00 2,542.94 1,560.00 982.94
2 5/3/2008 77,017.06 2,542.94 1,540.34 1,002.60
3 6/3/2008 76,014.45 2,542.94 1,520.29 1,022.65
4 7/3/2008 74,991.80 2,542.94 1,499.84 1,043.11
5 8/3/2008 73,948.69 2,542.94 1,478.97 1,063.97
6 9/3/2008 72,884.72 2,542.94 1,457.69 1,085.25
7 10/3/2008 71,799.48 2,542.94 1,435.99 1,106.95
8 11/3/2008 70,692.52 2,542.94 1,413.85 1,129.09
9 12/3/2008 69,563.43 2,542.94 1,391.27 1,151.67
10 1/3/2009 68,411.75 2,542.94 1,368.24 1,174.71
11 2/3/2009 67,237.05 2,542.94 1,344.74 1,198.20
12 3/3/2009 66,038.84 2,542.94 1,320.78 1,222.17
13 4/3/2009 64,816.68 2,542.94 1,296.33 1,246.61
14 5/3/2009 63,570.07 2,542.94 1,271.40 1,271.54
15 6/3/2009 62,298.53 2,542.94 1,245.97 1,296.97
16 7/3/2009 61,001.55 2,542.94 1,220.03 1,322.91
17 8/3/2009 59,678.64 2,542.94 1,193.57 1,349.37
18 9/3/2009 58,329.27 2,542.94 1,166.59 1,376.36
19 10/3/2009 56,952.91 2,542.94 1,139.06 1,403.88
20 11/3/2009 55,549.03 2,542.94 1,110.98 1,431.96
21 12/3/2009 54,117.07 2,542.94 1,082.34 1,460.60
22 1/3/2010 52,656.46 2,542.94 1,053.13 1,489.81
23 2/3/2010 51,166.65 2,542.94 1,023.33 1,519.61
24 3/3/2010 49,647.04 2,542.94 992.94 1,550.00
25 4/3/2010 48,097.04 2,542.94 961.94 1,581.00
26 5/3/2010 46,516.04 2,542.94 930.32 1,612.62
27 6/3/2010 44,903.41 2,542.94 898.07 1,644.87
28 7/3/2010 43,258.54 2,542.94 865.17 1,677.77
29 8/3/2010 41,580.77 2,542.94 831.62 1,711.33
30 9/3/2010 39,869.44 2,542.94 797.39 1,745.55
31 10/3/2010 38,123.88 2,542.94 762.48 1,780.47
32 11/3/2010 36,343.42 2,542.94 726.87 1,816.07
33 12/3/2010 34,527.34 2,542.94 690.55 1,852.40
34 1/3/2011 32,674.95 2,542.94 653.50 1,889.44
35 2/3/2011 30,785.50 2,542.94 615.71 1,927.23
36 3/3/2011 28,858.27 2,542.94 577.17 1,965.78
37 4/3/2011 26,892.49 2,542.94 537.85 2,005.09
38 5/3/2011 24,887.40 2,542.94 497.75 2,045.20
39 6/3/2011 22,842.20 2,542.94 456.84 2,086.10
40 7/3/2011 20,756.10 2,542.94 415.12 2,127.82
41 8/3/2011 18,628.28 2,542.94 372.57 2,170.38
42 9/3/2011 16,457.91 2,542.94 329.16 2,213.79
43 10/3/2011 14,244.12 2,542.94 284.88 2,258.06
 44 11/3/2011 11,986.06 2,542.94 239.72 2,303.22
45 12/3/2011 9,682.84 2,542.94 193.66 2,349.29
46 1/3/2012 7,333.55 2,542.94 146.67 2,396.27
47 2/3/2012 4,937.28 2,542.94 98.75 2,444.20
48 3/3/2012 2,493.08 2,542.94 49.86 2,493.08
TOT 122,061.27 44,061.27 78,000.00
<<= Se calcula Automaticamente

Ctas/Esp Saldo
0.00 77,017.06
0.00 76,014.45
0.00 74,991.80
0.00 73,948.69
0.00 72,884.72
0.00 71,799.48
0.00 70,692.52
0.00 69,563.43
0.00 68,411.75
0.00 67,237.05
0.00 66,038.84
0.00 64,816.68
0.00 63,570.07
0.00 62,298.53
0.00 61,001.55
0.00 59,678.64
0.00 58,329.27
0.00 56,952.91
0.00 55,549.03
0.00 54,117.07
0.00 52,656.46
0.00 51,166.65
0.00 49,647.04
0.00 48,097.04
0.00 46,516.04
0.00 44,903.41
0.00 43,258.54
0.00 41,580.77
0.00 39,869.44
0.00 38,123.88
0.00 36,343.42
0.00 34,527.34
0.00 32,674.95
0.00 30,785.50
0.00 28,858.27
0.00 26,892.49
0.00 24,887.40
0.00 22,842.20
0.00 20,756.10
0.00 18,628.28
0.00 16,457.91
0.00 14,244.12
0.00 11,986.06
0.00 9,682.84
0.00 7,333.55
0.00 4,937.28
0.00 2,493.08
0.00 0.00
0.00
ZAPATERIA NEWI, C.A.
ESTADOS FINANCIEROS PROYECTADOS 828 207
PERÍODO DESDE MARZO 2011-AGOSTO 2012 4,107 1026.75
(EXPRESADOS EN MILES DE BOLÍVARES FUERTES) CIFRAS REALES DE BALANCE CIFRAS PROYECTADAS CIFRAS PROYECTADAS
VARIACIÓN -4.42% 102.70% 132161.40% -20.00%
CIERRE 31-12 31-12-08 CIERRE 31-12-09 CIERRE 31-12-10 CIERRE 31-12-11 CIERRE 31-08-12 CIERRE
RESULTADOS 213 MENSUAL 204 MENSUAL 413 MENSUAL 655,752 MENSUAL 655,752 MENSUAL
Ventas 2,559 100.0% 2,446 100.0% 4,958 100.0% 6,557,520 100.0% 5,246,016 100.0%
Utilidad Bruta 125 4.9% 237 9.7% 851 17.2% 270 0.0% 216 0.0%
Utilidad Operacional 24 0.9% 62 2.5% 23 0.5% 590,177 9.0% 472,141 9.0%
Gastos Financieros 0 0.0% 0 0.0% 0 0.0% 48,750 0.7% 21,000 0.4%
Otros Egresos 0.0% 0.0% 0.0% 0 0.0% 0 0.0%
Otros Ingresos 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0%
Inpuesto sobre la Renta 0.0% 0.0% 0.0% 0 0.0% 0 0.0%
Utilidad Neta 24 0.9% 62 2.5% 23 0.5% 541,427 8.3% 451,141 8.6%

EBITDA 25 64 26 131 117

DEUDA FINANCIERA 0 0 0 70 0
DEUDA FINANCIERA / EBITDA 0.00 0.00 0.00 0.53 0.00
EBITDA / Intereses #DIV/0! #DIV/0! #DIV/0! 0.00 0.01
EBITDA / Servicio de Deuda 0.00 #DIV/0!

FLUJO DE EFECTIVO 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
DESCRIPCION Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12
Saldo Inicial 0 7,027 14,738 23,136 32,218 41,985 52,438 63,575 75,398 97,906 111,099 124,976 139,540 144,126 149,397 155,353 161,995 169,322 179,645 192,108
ACTIVIDADES DE OPERACIÓN
Total Ingresos 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752 655,752
Egresos 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734 596,734
Costo de Ventas 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354 439,354
Gastos de Venta 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380 157,380
Total actividades de Operación 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018 59,018
Deprec. Amortizaciones 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205 13,205
EBITDA 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223 72,223
ACTIVIDADES DE FINANCIAMIENTO
Ingresos
Aporte socios 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Ingresos por préstamos bancario 0 0 0 0 0 0 0 0 0 0 0
Total Ingresos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Egresos
Compra de maquinaria 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Amortización Venezuela 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333 8,333
Intereses Deuda Venezuela 17,167 17,000 16,833 16,667 16,500 16,333 16,167 16,000 15,833 15,667 15,500 15,333 15,167 15,000 14,833 14,667 14,500 14,333 14,167 14,000
Amortización Venezuela 11,111 11,111 11,111 11,111 11,111 11,111 11,111 11,111 1,111 11,111 11,111 11,111 11,111 11,111 11,111 11,111 11,111 11,111 11,111 11,111
Intereses Deuda Venezuela 4,444 4,222 4,000 3,778 3,556 3,333 3,111 2,889 2,667 2,444 2,222 2,000 1,778 1,556 1,333 1,111 889 667 444 222
Amortización Venezuela 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 2,312 0 0 0
Intereses Deuda Venezuela 786 740 693 647 601 555 509 462 416 370 324 277 231 185 139 92 46 0 0 0
Amortización Venezuela 2,005 2,045 2,086 2,128 2,170 2,214 2,258 2,303 2,349 2,396 2,444 2,493 0 0 0 0 0 0 0 0
Intereses Deuda Venezuela 538 498 457 415 372 329 285 239 194 147 99 50 0 0 0 0 0 0 0 0
Amortización BNC 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500
Intereses Deuda BNC 6,000 5,750 5,500 5,250 5,000 4,750 4,500 4,250 4,000 3,750 3,500 3,250 3,000 2,750 2,500 2,250 2,000 1,750 0 0
Total Servicio de la deuda 65,196 64,511 63,825 63,141 62,455 61,770 61,086 60,399 49,715 59,030 58,345 57,659 54,432 53,747 53,061 52,376 51,691 48,694 46,555 46,166
Disponibilidad final 7,027 7,712 8,398 9,082 9,768 10,453 11,137 11,824 22,508 13,193 13,878 14,564 4,586 5,271 5,957 6,642 7,327 10,324 12,463 12,852
Apartado ISLR 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Disponibilidad final 7,027 14,738 23,136 32,218 41,985 52,438 63,575 75,398 97,906 111,099 124,976 139,540 144,126 149,397 155,353 161,995 169,322 179,645 192,108 204,960

PREMISAS:
1. Para los ingresos se tomó el promedio mensual al cierre del al 31/12/2010. y se proyectó linealmente sin aumento
2. Para el Costo de ventas de promedió cierre 2008/2009/2010, lo que representa un 67% de los ingresos
3. Para los gastos de ventas y operativos se promedió cierre de 2008/2009/2010, lo que representa un 24% de los ingresos
 21 22 23 24
Dec-12 Jan-13 Feb-13 Mar-13 TOTALES
204,960 229,311 253,829 278,514 0

655,752 655,752 655,752 655,752 15,738,048

596,734 596,734 596,734 596,734 14,321,624
439,354 439,354 439,354 439,354 10,544,492
157,380 157,380 157,380 157,380 3,777,132
59,018 59,018 59,018 59,018 1,416,424
13,205 13,205 13,205 13,205 316,920
72,223 72,223 72,223 72,223 1,300,008

0 0 0 0 0
0 0 0 0 0
0 0 0 0 0

0 0 0 0 0
8,333 8,333 8,333 8,333 199,992
13,833 13,667 13,500 13,333 366,000
0 0 0 0 212,220
0 0 0 0 46,666
0 0 0 0 39,304
0 0 0 0 7,073
0 0 0 0 26,891
0 0 0 0 3,623
12,500 12,500 12,500 12,500 300,000
0 0 0 0 69,750
34,666 34,500 34,333 34,166 1,271,519
24,352 24,518 24,685 24,852 28,489
0 0 0 0 0
229,311 253,829 278,514 303,365 947