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Estado de Resultado A;o 1 Prestamo 10000000 Cuotas 10
Ingresos Operacion Cuota 3234634.4
Venta Pispirispis $120,000,000 Inicial Intereses
Otros ingresos $0 1 10,000,000 3,000,000
Total Ingresos $120,000,000 2 9,765,366 2,929,610
Costos Fijos * 9,460,341 0
Personal $30,000,000 3 5,460,341 1,638,102
Otros $24,000,000 4 3,863,809 1,159,143
Total costos fijos $54,000,000 5 1,788,317 536,495
Costos Variables 9,263,350
Costos Maria prima $30,000,000 Prestamo 5,000,000 Cuotas 5
Total Costos Variables $30,000,000 Cuota 1,671,899
EBITDA $36,000,000 Inicial Intereses
Amortizaciones y Depresiasiones 1 5,000,000 1,000,000
Depresiacion maquina $2,000,000 2 4,328,101 865,620
EBIT $34,000,000 3 3,521,823 704,365
Intereses 4 2,554,289 510,858
Intereses corrientes $0 5 1,393,249 278,650
Otros Intereses $4,000,000
Total Intereses $4,000,000
EBT $30,000,000
Impuesto
Impuesto a la renta $10,500,000
$19,500,000
Ingreso NETO
interes 30%
Capital Final
234,634 9,765,366
305,025 9,460,341 INTERESES TOTALES $22,346,344
4000000 5,460,341 INTERESES DESPUES DE ABONO: $9,263,350
1,596,532 3,863,809
2,075,492 1,788,317
2,698,139 -909,822
interes 20%
Capital Final
671,899 4,328,101
806,278 3,521,823
967,534 2,554,289
1,161,041 1,393,249
1,393,249 0
Prestamo $10,000,000 Cuotas 10 interes EA $0
Cuota $3,234,634
Inicial Intereses Capital Final
1 $10,000,000 $3,000,000 $234,634 $9,765,366
2 $9,765,366 $2,929,610 $305,025 $9,460,341 INTERESES TOTALES
* $9,460,341 $0 $4,000,000 $5,460,341 INTERESES DESPUES DE ABONO:
3 $5,460,341 $1,638,102 $1,596,532 $3,863,809
4 $3,863,809 $1,159,143 $2,075,492 $1,788,317
5 $1,788,317 $536,495 $2,698,139 $0
$9,263,350
Prestamo $5,000,000 Cuotas 5 interes EA $0
Cuota $1,671,899
Inicial Intereses Capital Final
1 $5,000,000 $1,000,000 $671,899 $4,328,101
2 $4,328,101 $865,620 $806,278 $3,521,823
3 $3,521,823 $704,365 $967,534 $2,554,289
4 $2,554,289 $510,858 $1,161,041 $1,393,249
5 $1,393,249 $278,650 $1,393,249 $0
$22,346,344
$9,263,350
A:O 2 A:O 3
Amortizaciones y Depresiasiones Amortizaciones y Depresiasiones
Depresiacion maquina 2000000 Depresiacion
(-) EBIT 34000000 (-) EBIT
Intereses Intereses
Intereses corrientes 0 Intereses cor
Otros Intereses 3,795,230 Otros Interes
Total Intereses 3,795,230 Total Interes
(-) EBT 30,204,770 (-) EBT
Impuesto Impuesto
(-) Impuesto a la renta 10571669.5 (-) Impuesto a la
Ingreso NETO 19,633,101 Ingreso NETO
A:O 6-10
mortizaciones y Depresiasiones
2000000
34000000
0
0
0
34,000,000
11900000
ngreso NETO 22,100,000
Flujos de Caja *Ingreso Neto a;o, menos pagos cuotas, menos abonos a capital pasivos
A'o Ingreso Neto Pago pasivos Abonos Impuestos operacion anterior Sub Total
1 $36,000,000 $4,906,533 $0 $0 $31,093,467
2 $36,000,000 $4,906,533 $4,000,000 $10,500,000 $47,686,934
3 $36,000,000 $4,906,533 $0 $10,571,670 $37,115,265
4 $36,000,000 $4,906,533 $0 $11,080,137 $40,535,128
5 $36,000,000 $3,996,711 $0 $11,315,500 $40,701,120
6 $36,000,000 $0 $0 $11,614,699 $45,073,090
7 $36,000,000 $0 $0 $11,900,000 $48,485,301
8 $36,000,000 $0 $0 $11,900,000 $48,200,000
9 $36,000,000 $0 $0 $11,900,000 $48,200,000
10 $36,000,000 $0 $0 $11,900,000 $48,200,000
$360,000,000 $23,622,842 $4,000,000 $102,682,005 MOV TOTAL
INGRESOS/EGRESOS TOTAL $229,695,153
Pago Utilidades Total
$0 $31,093,467
$31,093,467 $16,593,467
$16,593,467 $20,521,798
$20,521,798 $20,013,331
$20,013,331 $20,687,790
$20,687,790 $24,385,301
$24,385,301 $24,100,000
$24,100,000 $24,100,000
$24,100,000 $24,100,000
$24,100,000 $24,100,000
$205,595,153 $229,695,153
Balance A;o 0
Activos
Activos Fijos
Maquina $2,000,000
Depreciacion -$2,000,000
Activos Circulantes
Caja $24,100,000
Total Activos $24,100,000
Pasivos
Corriente $0
Otro pasivo $0
Total Pasivos $0
Patrimonio
Patrimonio liquido $24,100,000
TASA DE DESCUENTO 17% *Calculado como WACC con costo oportunidad del 10%
Periodo Flujo Caja neto Vt/(1+k)^t
VPN $62,395,156.43 1 $20,593,467 $17,579,788.98
2 $16,593,467 $12,092,205.34
3 $20,521,798 $12,766,385.73
4 $20,013,331 $10,628,111.89
5 $20,687,790 $9,378,535.53
6 $24,385,301 $9,436,984.49
7 $24,100,000 $7,961,710.02
8 $24,100,000 $6,796,581.73
9 $24,100,000 $5,801,960.01
10 $24,100,000 $4,952,892.69
$97,395,156.43
TIR 56% *Calculado como WACC con costo oportunidad del 10%
Periodo Flujo Caja ne Vt/(1+k)^t
VPN $0.00 1 $20,593,467 $13,171,496.05
2 $16,593,467 $6,788,102.80
3 $20,521,798 $5,369,480.98
4 $20,013,331 $3,349,206.40
Resuelto por solver 5 $20,687,790 $2,214,329.63
6 $24,385,301 $1,669,405.85
7 $24,100,000 $1,055,252.76
8 $24,100,000 $674,935.28
9 $24,100,000 $431,685.80
10 $24,100,000 $276,104.45
$35,000,000.00