XYZ XYZ XYZ

ANÁLISIS VERTICAL ANÁLISIS HORIZONTAL

BALANCE GENERAL PORCENTAJE VARIACIÓN
Período 2006 2007 2008 2006 2007 2008 2006 2007
ACTIVOS
+ Caja 36,772,940 47,024,537 60,420,276 0.058325504 0.0625390657 0.0610538435 0 10,251,598
+ Bancos 2,500,000 14,297,776 22,875,074 0.003965246 0.0190149572 0.0231149426 0 11,797,776
+ Inversiones Temporales 19,700,675 77,207,991 200,733,393 0.031247211 0.102680769 0.202838285 0 57,507,316
+ Cuentas por cobrar clientes (Neto) 74,906,478 95,788,982 123,076,102 0.118809053 0.1273920768 0.1243666792 0 20,882,504
+ Inventarios 112,567,312 134,868,930 163,308,332 0.178542845 0.1793654424 0.1650207842 0 22,301,619
+ Otras activos corrientes 2,647,652 3,385,767 4,350,260 0.004199436 0.0045028127 0.0043958767 0 738,115
Total activos corrientes 249,095,056 372,573,984 574,763,437 0.395089296 0.4954951238 0.5807904113 0 123,478,928
+ Inversiones Permanentes 0 51,471,994 133,822,262 0 0.068453846 0.1352255233 0 51,471,994
+ Propiedad Planta y Equipo (Neto) 374,716,144 327,876,626 281,037,108 0.594336715 0.4360510302 0.2839840654 0 (46,839,518)
+ Activo Diferido (Neto) 6,666,666 0 0 0.010573989 0 0 0 (6,666,666)
Activos no Corrientes Netos 381,382,810 379,348,620 414,859,370 0.604910704 0.5045048762 0.4192095887 0 (2,034,190)
Total Activos 630,477,866 751,922,604 989,622,807 1 1 1 0 121,444,738
PASIVOS
+ Obligaciones financieras c.p. 27,369,361 0 0 0.080087944 0 0 0 (27,369,361)
+ Proveedores 39,159,780 46,814,778 56,806,061 0.114588946 0.1512882016 0.1782473854 0 7,654,998
+ Obligaciones laborales 7,580,018 8,234,353 8,949,319 0.022180571 0.0266104102 0.0280813809 0 654,335
+ Impuestos por Pagar 44,534,356 93,339,982 163,856,643 0.130315977 0.3016406046 0.514153204 0 48,805,626
+ Otras cuentas por pagar c.p. 2,647,652 3,385,767 4,350,260 0.007747531 0.0109415567 0.0136503471 0 738,115
Total pasivo corriente 121,291,167 151,774,880 233,962,282 0.354920968 0.490480773 0.7341323174 0 30,483,713
Obligaciones financieras l.p. 220,450,173 157,666,159 84,729,971 0.645079032 0.509519227 0.2658676826 0 (62,784,014)
Total pasivo no corriente 220,450,173 157,666,159 84,729,971 0.645079032 0.509519227 0.2658676826 0 (62,784,014)
Total Pasivos 341,741,340 309,441,040 318,692,252 1 1 1 0 (32,300,301)
PATRIMONIO
+ Capital Social 260,000,000 260,000,000 260,000,000 0.900474919 0.5875951024 0.3875214775 0 0
+ Reserva legal 5,500,000 9,041,824 27,992,669 0.019048508 0.0204343517 0.0417221552 0 3,541,824
+ Reservas estatutarias 16,700,675 18,083,648 18,083,648 0.057840535 0.0408687034 0.0269530843 0 1,382,973
+ Utilidades acumuladas (83,882,388) (34,152,356) 32,175,601 -0.290515333 -0.0771836821 0.0479566782 0 49,730,032
+ Resultado del Ejercicio 90,418,239 189,508,449 332,678,638 0.313151371 0.4282855247 0.4958466048 0 99,090,210
Total Patrimonio 288,736,526 442,481,564 670,930,555 1 1 1 0 153,745,038
Total Pasivo + Patrimonio 630,477,866 751,922,604 989,622,807

XYZ XYZ XYZ

ANÁLISIS VERTICAL ANÁLISIS HORIZONTAL

ESTADO DE RESULTADOS PORCENTAJE VARIACIÓN

Período 2006 2007 2008 2006 2007 2008 2006 2007

Ventas 882,550,550 1,128,588,891 1,450,086,624 100.0% 100.0% 100.0% $ 246,038,340.52

- Costo Mercancía Vendida 450,269,247 539,475,722 653,233,327 51.0% 47.8% 45.0% $ 89,206,474.98
Utilidad Bruta 432,281,303 589,113,169 796,853,297 49.0% 52.2% 55.0% $ 156,831,865.54
- Gastos de Administración 111,556,592 119,696,656 127,722,461 12.6% 10.6% 8.8% $ 8,140,064.44
- Gastos de Ventas 77,943,857 86,162,168 96,010,502 8.8% 7.6% 6.6% $ 8,218,311.45
EBITDA - Utilidad Operativa de Caja 242,780,854 383,254,344 573,120,334 27.5% 34.0% 39.5% $ 140,473,489.65
- Gasto de Depreciación 46,839,518 46,839,518 46,839,518 5.3% 4.2% 3.2% $ 0.00
- Gasto de Amortización 6,666,667 6,666,667 0 0.8% 0.6% 0.0% -$ 0.33
- Provisión de cuentas por cobrar 776,303 645,851 843,932 0.1% 0.1% 0.1% -$ 130,451.98
Utilidad Operativa 188,498,366 329,102,308 525,436,884 21.4% 29.2% 36.2% $ 140,603,941.96
- Intereses 44,385,861 35,646,793 25,494,618 5.0% 3.2% 1.8% -$ 8,739,068.01
- Gravamen a los movimientos financieros 2,762,213 3,153,739 3,644,922 0.3% 0.3% 0.3% $ 391,525.74
- Gastos Bancarios 6,397,697 7,453,345 8,769,663 0.7% 0.7% 0.6% $ 1,055,648.47
Utilidad antes de Impuestos 134,952,595 282,848,431 487,527,681 15.3% 25.1% 33.6% $ 147,895,835.76
- Impuesto de Renta 44,534,356 93,339,982 163,856,643 5.0% 8.3% 11.3% $ 48,805,626.00
Utilidad/Perdida Neta 90,418,239 189,508,449 323,671,038 10.2% 16.8% 22.3% $ 99,090,209.76
 XYZ XYZ
S HORIZONTAL ANÁLISIS HORIZONTAL
ARIACIÓN VARIACIÓN %
2008 2006 2007 2008

13,395,739 0.0% 27.9% 28.5%

8,577,298 0.0% 471.9% 60.0%
123,525,402 0.0% 291.9% 160.0%
27,287,120 0.0% 27.9% 28.5%
28,439,401 0.0% 19.8% 21.1%
964,493 0.0% 27.9% 28.5%
202,189,454 0.0% 49.6% 54.3%
82,350,268 #DIV/0! #DIV/0! 160.0%
(46,839,518) 0.0% -12.5% -14.3%
0 0.0% -100.0% #DIV/0!
35,510,750 0.0% -0.5% 9.4%
237,700,203 0.0% 19.3% 31.6%

0 0.0% -100.0% #DIV/0!

9,991,282 0.0% 19.5% 21.3%
714,966 0.0% 8.6% 8.7%
70,516,660 0.0% 109.6% 75.5%
964,493 0.0% 27.9% 28.5%
82,187,401 0.0% 25.1% 54.2%
(72,936,189) 0.0% -28.5% -46.3%
(72,936,189) 0.0% -28.5% -46.3%
9,251,212 0.0% -9.5% 3.0%
#DIV/0! #DIV/0! #DIV/0!
0 0.0% 0.0% 0.0%
18,950,845 0.0% 64.4% 209.6%
0 0.0% 8.3% 0.0%
66,327,957 0.0% -59.3% -194.2%
143,170,189 0.0% 109.6% 75.5%
228,448,991 0.0% 53.2% 51.6%
 0.0% 0.0% 0.0%

XYZ XYZ

S HORIZONTAL ANÁLISIS HORIZONTAL

ARIACIÓN VARIACIÓN %

2008 2006 2007 2008

$ 321,497,733.41 27.88% 28.49%

$ 113,757,604.87 19.81% 21.09%
$ 207,740,128.55 36.28% 35.26%
$ 8,025,804.20 7.30% 6.71%
$ 9,848,333.95 10.54% 11.43%
$ 189,865,990.40 57.86% 49.54%
$ 0.00 0.00% 0.00%
-$ 6,666,666.67 0.00% -100.00%
$ 198,080.91 -16.80% 30.67%
$ 196,334,576.16 74.59% 59.66%
-$ 10,152,175.03 -19.69% -28.48%
$ 491,183.54 14.17% 15.57%
$ 1,316,317.43 16.50% 17.66%
$ 204,679,250.22 109.59% 72.36%
$ 70,516,661.00 109.59% 75.55%
$ 134,162,589.22 109.59% 70.80%
 BALANCE GENERAL

Dic. 31 de Dic. 31 de Variaciones Variaciones %

2017 2016

ACTIVOS
+ Disponible 1,850,000 720,000 1,130,000 157%

+ Inversiones 430,000 350,000 80,000 11%

+ Deudores (netos) 1,740,000 1,450,000 290,000 40%

+ Inventarios 1,200,000 1,030,000 170,000 24%

+ Propiedades, Planta y Equipo 360,000 480,000 (120,000) -17%

+ Intangibles (neto) 750,000 840,000 (90,000) -13%

+ Diferidos 170,000 240,000 (70,000) -10%

Total Activos 6,500,000 5,110,000 1,390,000 193%

PASIVOS 0 0%

+ Obligaciones financieras 1,200,000 1,300,000 (100,000) -14%

+ Cuentas por pagar 840,000 620,000 220,000 31%

+ Impuestos, gravamenes y tasas 450,000 180,000 270,000 38%

+ Obligaciones laborales 380,000 310,000 70,000 10%

Total Pasivos 2,870,000 2,410,000 460,000 64%

PATRIMONIO

+ Capital Social 2,000,000 2,000,000 0 0%

+ Reservas 1,630,000 700,000 930,000 129%

Total Patrimonio 3,630,000 2,700,000 930,000 129%

Total Pasivo + Patrimonio 6,500,000 5,110,000

Análisis vertical
2017

28.5% 28.5%

6.6% 6.6%

26.8% 26.8%

18.5% 18.5%

5.5% 5.5%

11.5% 11.5%

2.6% 2.6%

18.5% 41.8%

12.9% 29.3%

6.9% 15.7%

5.8% 13.2%

30.8% 55.1%

25.1% 44.9%
 ESTADO DE RESULTADOS (PS)

CUENTAS 2017 2016 Variaciones Variaciones %

INGRESOS OPERACIONALES 9,850,000 7,530,000 2,320,000 31%

- COSTOS DE VENTAS 5,820,000 4,520,000 1,300,000 29%

= UTILIDAD BRUTA OPERACIONAL 4,030,000 3,010,000 1,020,000 34%

- GASTOS OPERACIONALES 1,480,000 1,150,000 330,000 29%

= UTILIDAD OPERACIONAL 2,550,000 1,860,000 690,000 37%

+ INGRESOS NO OPERACIONALES 230,000 200,000 30,000 15%

- GASTOS NO OPERACIONALES 100,000 130,000 -30,000 -23%

- UTILIDAD NETA 2,680,000 1,930,000 750,000 39%

- IMPUESTOS 804,000 579,000 225,000 39%

= UTILIDAD LIQUIDA 1,876,000 1,351,000 525,000 39%

- RESERVAS 188,000 135,000 53,000 39%

= UTILIDAD DEL EJERCICIO 1,688,000 1,216,000 472,000 39%

100%

59%

41%

15%

26%

2%

1%

27%

8%

19%

2%

17%