FLUJOS DE CAJA ECONÓMICO - FINANCIERO

0 1 2 3 4 5
Ventas en unidades 60000 60000 60000 60000 60000
Precio 2500 2500 3000 3000 3000
Ingresos por ventas 150,000,000.00 150,000,000.00 180,000,000.00 180,000,000.00 180,000,000.00
Costo de Producciòn 49,000,000.00 49,000,000.00 49,000,000.00 49,000,000.00 49,000,000.00
Gastos de Venta Fijos 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
Gastos de Venta Variable 4,500,000.00 4,500,000.00 5,400,000.00 5,400,000.00 5,400,000.00
Gastos Administrativos 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00 1,500,000.00

Utilidad antes del impuesto 93,000,000.00 93,000,000.00 122,100,000.00 122,100,000.00 122,100,000.00

Impuesto de primera categoría 27,900,000.00 27,900,000.00 36,630,000.00 36,630,000.00 36,630,000.00
Escudo Fiscal por depreciaciones 4,500,000.00 4,500,000.00 4,500,000.00 4,500,000.00 4,500,000.00
Utilidad Neta 0.00 69,600,000.00 69,600,000.00 89,970,000.00 89,970,000.00 89,970,000.00
Inversión Terreno 40,000,000.00
Inversión Obra Física 100,000,000.00 80,000,000.00
Inversión Maquinaria 60,000,000.00 60,000,000.00
Inversión Intangibles 30,000,000.00
Inversión Capital Trabajo 26,250,000.00
Valor Residual

FLUJO DE CAJA ECONÓMICO -256,250,000.00 69,600,000.00 69,600,000.00 89,970,000.00 89,970,000.00 -50,030,000.00

Préstamo 150,000,000.00
Amortizaciòn de la Deuda 13,116,602.64 14,428,262.90 15,871,089.19 17,458,198.11 19,204,017.92
Interés 15,000,000.00 13,688,339.74 12,245,513.45 10,658,404.53 8,912,584.72
Escudo Fiscal por prestamo 4,500,000.00 4,106,501.92 3,673,654.03 3,197,521.36 2,673,775.41
FLUJO DE CAJA FINANCIERO -106,250,000.00 74,100,000.00 73,706,501.92 93,643,654.03 93,167,521.36 -47,356,224.59
 VAN S/ 521,653,119.85
TIR 72%
PRI 5 años 7 meses
IR 5.91
B/C S/ 2.01

AÑO 1 2 3 4 5
VALOS PRESENTE DE FLUJO DE CAJA ECONÓMICO 63,272,727.27 57,520,661.16 67,595,792.64 61,450,720.58 -31,064,693.79
VALOS PRESENTE ACUMULADO DE FLUJO DE CAJA ECONÓMICO 63,272,727.27 120,793,388.43 188,389,181.07 249,839,901.65 218,775,207.85

AÑO 1 2 3 4 5
BENEFICIOS ANUALES 150,000,000.00 150,000,000.00 180,000,000.00 180,000,000.00 180,000,000.00
COSTOS ANUALES 57,000,000.00 57,000,000.00 57,900,000.00 57,900,000.00 57,900,000.00
NANCIERO
6 7 8 9 10
84000 84000 84000 84000 84000
3000 3000 3000 3000 3000
252,000,000.00 252,000,000.00 252,000,000.00 252,000,000.00 252,000,000.00
65,080,000.00 65,080,000.00 65,080,000.00 65,080,000.00 65,080,000.00
2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00
7,560,000.00 7,560,000.00 7,560,000.00 7,560,000.00 7,560,000.00
2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00 2,000,000.00

175,360,000.00 175,360,000.00 175,360,000.00 175,360,000.00 175,360,000.00

52,608,000.00 52,608,000.00 52,608,000.00 52,608,000.00 52,608,000.00
5,220,000.00 5,220,000.00 5,220,000.00 5,220,000.00 5,220,000.00
127,972,000.00 127,972,000.00 127,972,000.00 127,972,000.00 127,972,000.00

237,400,000.00

127,972,000.00 127,972,000.00 127,972,000.00 127,972,000.00 365,372,000.00

21,124,419.71 23,236,861.68 25,560,547.85

6,992,182.92 4,879,740.95 2,556,054.79
2,097,654.88 1,463,922.29 766,816.44
130,069,654.88 129,435,922.29 128,738,816.44 127,972,000.00 365,372,000.00
 6 7 8 9 10
72,236,857.78 65,669,870.71 59,699,882.46 54,272,620.42 140,866,722.75
291,012,065.63 356,681,936.34 416,381,818.80 470,654,439.22 611,521,161.96

6 7 8 9 10
252,000,000.00 252,000,000.00 252,000,000.00 252,000,000.00 489,400,000.00
76,640,000.00 76,640,000.00 76,640,000.00 76,640,000.00 76,640,000.00
 VENTAS
Periodos 1 2 3 4 5
Ventas en unidades 60000 60000 60000 60000 60000
Precio 2500 2500 3000 3000 3000
Total de Ventas 150,000,000.00 150,000,000.00 180,000,000.00 180,000,000.00 180,000,000.00

COSTO DE FABRICACION

Mano de Obra 250.00

Materiales 300.00
Costos Indirectos de F 100.00

Total 650.00

Periodos 1 2 3 4 5
Costos Fijos 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00
Costos Variables 39,000,000.00 39,000,000.00 39,000,000.00 39,000,000.00 39,000,000.00
Ahorro 0.00 0.00 0.00 0.00 0.00

Total 49,000,000.00 49,000,000.00 49,000,000.00 49,000,000.00 49,000,000.00

NTAS
6 7 8 9 10
84000 84000 84000 84000 84000
3000 3000 3000 3000 3000
252,000,000.00 252,000,000.00 252,000,000.00 252,000,000.00 252,000,000.00

6 7 8 9 10
13,000,000.00 13,000,000.00 13,000,000.00 13,000,000.00 13,000,000.00
54,600,000.00 54,600,000.00 54,600,000.00 54,600,000.00 54,600,000.00
-2,520,000.00 -2,520,000.00 -2,520,000.00 -2,520,000.00 -2,520,000.00

65,080,000.00 65,080,000.00 65,080,000.00 65,080,000.00 65,080,000.00

 CUADRO DE DEPRE
Activos Inversión Tasa 1 2 3
Terrenos 40,000,000.00 0% 0.00 0.00 0.00
Obras físicas 100,000,000.00 3% 3,000,000.00 3,000,000.00 3,000,000.00
Obras físicas Adicionales 80,000,000.00 3%
Maquinaria Adicional 60,000,000.00 10% 6,000,000.00 6,000,000.00 6,000,000.00
Maquinarias 60,000,000.00 10%
Intangibles 30,000,000.00 20% 6,000,000.00 6,000,000.00 6,000,000.00

Totales 370,000,000.00 15,000,000.00 15,000,000.00 15,000,000.00

CÁLCULO DEL VALOR RESIDUAL

Valor de Mercado infraestructura + terreno 200,000,000.00

Valor de Mercado Maquinaria 50,000,000.00
Valor de Libros del Terreno -40,000,000.00
Valor Libros Obras Físiscas Inicial -70,000,000.00
Valor Libros Obras Físiscas Adicionales -68,000,000.00
Valor Libro Maquinaria Inicial 0.00
Valor Libro Maquinaria Amplación -30,000,000.00
Utilidad Antes de Impuesto a la Renta 42,000,000.00
Impuesto a la Renta -12,600,000.00
Utilidad Después de Impuesto a la Renta 29,400,000.00
Valores de Libro (a) 208,000,000.00

Valor Residual 237,400,000.00

UADRO DE DEPRECIACION Y AMORTIZACIONES
4 5 6 7 8 9
0.00 0.00 0.00 0.00 0.00 0.00
3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00 3,000,000.00
2,400,000.00 2,400,000.00 2,400,000.00 2,400,000.00
6,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00
6,000,000.00 6,000,000.00 6,000,000.00 6,000,000.00
6,000,000.00 6,000,000.00

15,000,000.00 15,000,000.00 17,400,000.00 17,400,000.00 17,400,000.00 17,400,000.00

CÁLCULO CAPITAL DE TRABAJO

Costos de Producciòn 49,000,000.00
Gastos de Venta Fijos 2,000,000.00
Gastos de Venta Variable 0.00
Gastos Administrativos 1,500,000.00
 10 D. Acumulada V. Libros
0.00 0.00 40,000,000.00
3,000,000.00 30,000,000.00 70,000,000.00
2,400,000.00 12,000,000.00 68,000,000.00
6,000,000.00 60,000,000.00 0.00
6,000,000.00 30,000,000.00 30,000,000.00
30,000,000.00 0.00

17,400,000.00 162,000,000.00 208,000,000.00

ESTIMACION VALOR RESIDUAL MERCADO FINANCIAMIENTO DE LA DEUDA

Valor de mercado infraestructura física +ter 200,000,000.00 Tasa de Interés :

Valor de mercado maquinario 50,000,000.00 Número de cuotas :
(-) Valor libro Terreno (contable) -40,000,000.00 Préstamo :
(-) Valor libro contrucción O. Física -138,000,000.00 Pago :
(-) Valor libro maquinaria -30,000,000.00
Amortización
Utilidad antes impuesto a la renta 42,000,000.00 0
Impuesto a la renta -12,600,000.00 1 13,116,602.64
2 14,428,262.90
3 15,871,089.19
4 17,458,198.11
5 19,204,017.92
Utilidad despues de impuesto 29,400,000.00 6 21,124,419.71
Valores Libro 208,000,000.00 7 23,236,861.68
VALOR RESIDUAL 237,400,000.00 8 25,560,547.85
IENTO DE LA DEUDA

10%
8
S/ 150,000,000.00
S/ 28,116,602.64

Servicio de la Deuda

15,000,000.00
13,688,339.74
12,245,513.45
10,658,404.53
8,912,584.72
6,992,182.92
4,879,740.95
2,556,054.79