Recart (Flujo de Caja

FLUJO DE CAJA DEL PROYECTO
(Expresado en bolivianos)
0 1 2
CONCEPTO 2014 2015 2016
Ingresos 91,658,803.62 101,815,192.92
Ventas de activos
Costos variables -48807798.25884 -55044501.5232
Gastos de adminitracion y ventas -1,788,158.40 -1,803,822.40
Interés prestamo -250,657.70 -238,124.82
Depeciación -171899.00 -171899.00
Amortización intangible 0.00 0.00
Valor libros
Utilidades antes de impuestos 40,640,290.26 44,556,845.18
IUE (25%) 10160072.57 11139211.30
Utilidad neta 30,480,217.7 33,417,633.89
Depeciación 171899.00 171899.00
Amortización intangible 0.00 0.00
Valor libros 0 0
Inversion inicial -7,648,191.98
Inversion de reemplazo
Inversion de ampliación
Inverison capital de trabajo -1,729,200.56
Prestamos 4,219,826.64
Amortización de la deuda -210,991.33 -210,991.33
Valor de desecho 0 0
Flujo de caja -5157565.90 30441125.36 33378541.55
3 4 5
2017 2018 2018 2019
112,166,963.70 124,328,196.90 132891071.403
0 0
-60705143.4816 -66135248.8354127 -70534960.25471
-1,820,269.60 -1,837,539.16 -1,855,672.20
-225,591.93 -213,059.05 -250,657.70
-171899.00 -171899.00 -171898.9975
0.00 0.00 0.00
0
49,244,059.69 55,970,450.86 60077882.25022
12311014.92 13992612.71 15019470.56
36,933,044.77 41,977,838.14 45058411.69
171899.00 171899.00 171898.9975
0.00 0.00 0.00
0 0 0
-7,648,191.98
-1,729,200.56
4,219,826.64
-210,991.33 -210,991.33 -210,991.33
0 0 0
36893952.43 41938745.81 -5157565.897 45019319.35301
6 7 8
2020 2021 2022
143314346.440078 153737621.477134 164160896.5142
0 0 0
-76042825.57824 -81550690.901769 -87058556.2253
-392,387.30 -404,560.47 -417,342.30
-238,124.82 -225,591.93 -213,059.05
-171898.9975 -171898.9975 -171898.9975
0.00 0.00 0.00
0
66469109.7502612 71384879.1753747 76300039.94181
16617277.44 17846219.79 19075009.99
49851832.31 53538659.38 57225029.96
171898.9975 171898.9975 171898.9975
0.00 0.00 0.00
0 0 0
-210,991.33 -210,991.33 -210,991.33

0 0 0
49812739.9780459 53499567.046881 57185937.62171
ANÁLISIS DE LA DEMANDA
Consumo de Productos de Papel en los Mercados de La Paz, Cochabamba y Santa Cruz (Eje Troncal)
PRODUCTO 2015 2016 2017 2018
Papel Bond T/Carta (Paquete 500 hojas) 2,589,425 2,895,634 3,245,789 3,659,899
Papel Bond T/Oficio (Paquete 500 hojas) 2,125,474 2,359,845 2,589,996 2,856,421
Papel Bond T/Resma (Paquete 120 hojas) 2,587,454 2,856,421 3,152,642 3,454,785
Papel Bond T/Carpeta (Paquete 500 hojas) 2,323,695 2,562,554 2,796,859 3,085,647
La demanda por tipo de producto, se determina en función a las cantidades vendidas anualmente
La estacionalidad promedio de la demanda de estos productos, coincide con el inicio de la epoca escolar y se mantiene a lo lar
Mes/Año Bond T/Carta Bond T/Ofic. Bond T/Resma Bond T/Carp

Enero 9% 8% 7% 6%
Febrero 12% 11% 8% 9%
Marzo 11% 12% 12% 10%
Abril 8% 9% 11% 10%
Mayo 9% 9% 10% 11%
Junio 7% 7% 8% 8%
Julio 10% 10% 7% 7%
Agosto 9% 11% 9% 10%
Septiembre 10% 9% 9% 10%
Octubre 8% 6% 8% 9%
Noviembre 5% 5% 6% 5%
Diciembre 2% 3% 5% 5%
OFERTA DE MERCADO
OFERTA % PART
Producción Nacional 40%
Importación Legal 35%
Contrabando 10%
Deficit 15%
Total Oferta 85%
Total Oferta + Deficit 100%
La Empresa Recart participa en un 32% del Mercado de
cartones, sin embargo no tiene participación en el mercado
de Papel Bond en distintas presentaciones.
De acuerdo a Estudios de Mercado, existe una predisposición de cambiar el papel bond clásico en papel reciclado en distintas
decir que 7 de cada 10 personas podrían utilizar papel reciclado, esto genera un indicador de demanda futura.
PRECIO PROMEDIO LUGARES DE COMPRA / CANALES

PRODUCTO Bs LUGAR/CANAL
Papel Bond T/Carta (Paquete 500 hojas) 28 Papelerias
Papel Bond T/Oficio (Paquete 500 hojas) 30 Librerias
Papel Bond T/Resma (Paquete 120 hojas) 85 Mercados
Papel Bond T/Carpeta (Paquete 500 hojas) 24 Supermercados
Los precios promedios se obtienen del estudio realizado en

el eje troncal de Bolivia, mismo que se considera referencial
para el análisis de la demanda
Participación por Departamento
LPZ CBBA SCZ OTROS DPTOS
30,743,152 32% 30% 33% 5% 2,049,543
25,707,789 32% 30% 30% 8% 1,713,853
85,160,450 30% 29% 29% 12% 5,873,135
21,476,103 30% 29% 31% 10% 1,481,111
163,087,494 11,117,641
13,056,752
escolar y se mantiene a lo largo del año
Estacionalidad promedio de la demanda/año

14%
12%
10%
8%
6%
4%
2%
0%
Bond T/Carta Bond T/Ofic. Bond T/Resma Bond T/Carp
OFERTA DE MERCADO
Producción Nacional Importación Legal

Contrabando Deficit
papel reciclado en distintas presentaciones en un 75%, es

anda futura.
RES DE COMPRA / CANALES DE VENTA

LUGAR/CANAL %
erias 30%
rias 42%
ados 26%
rmercados 2%
102,477,172
85,692,630
293,656,725
74,055,528
555,882,055 83,382,308
261,135
p
BALANCE DE PERSONAL
Nº ÁREA CARGO CANTIDAD
1 Adminitrativa Gerente general 1

2 Adminitrativa Jefe Administrativo financiero 1
3 Adminitrativa Encargado de administración y RRHH 1
4 Comercial y logistica Jefe de Ventas 1
5 Comercial y logistica Encargado de Publicidad 1
6 Comercial y logistica Encargado de Distribución 1
7 Comercial y logistica Vendedor 5
8 Comercial y logistica Responsable de Almacenes 1
9 Producción Jefe de Producción 1
10 Producción Tecnico de producción 1
11 Producción Encargado de control calidad 1
12 Producción Operario 4
13
14
15
16
17
18
19.00
PREV
HABER BÁSICO TOTAL SUELDOS AP. PATRONALES PREV AGUINALDO
INDEMNIZACIONES
10,000.00 10,000.00 1,671 833.33 833.33
8,000.00 8,000.00 1,337 666.67 666.67
7,000.00 7,000.00 1,170 583.33 583.33
8,000.00 8,000.00 1,337 666.67 666.67
7,000.00 7,000.00 1,170 583.33 583.33
7,000.00 7,000.00 1,170 583.33 583.33
5,000.00 25,000.00 4,178 2,083.33 2,083.33
5,000.00 5,000.00 836 416.67 416.67
8,000.00 8,000.00 1,337 666.67 666.67
7,000.00 7,000.00 1,170 583.33 583.33
7,000.00 7,000.00 1,170 583.33 583.33
2,200.00 8,800.00 1,470 733.33 733.33
107,800.00 18,013.38 8,983.33 8,983.33
TOTAL MOI 92,000.00 15,373.20 7,666.67 7,666.67

TOTAL MOD 15,800.00 2,640.18 1,316.67 1,316.67
TOTAL COSTO
BONIFICACIONES TIPO MO
LABORAL/AÑO
160,052.00 MOI
128,041.60 MOI
112,036.40 MOI
128,041.60 MOI
112,036.40 MOI
112,036.40 MOI
200.00 402,530.00 MOI
80,026.00 MOI
128,041.60 MOI
112,036.40 MOD
112,036.40 MOI
120.00 142,285.76 MOD
320.00 1,729,200.56 -
350.00 1,750,000.00
200.00 1,474,878.40 -
120.00 254,322.16
LA PAZ
BALANCE DE MATERIALES
VENTAS PROYECTADAS Jan-15 Feb-15

Hojas tamaño carta 74,575.44 99,433.92
Precio de Venta 24.00 24.00
Ingresos por Ventas 1,789,811 2,386,414
2015
Costo Variable de Producción 45% 19,886,784
CALCULO DE MATERIA PRIMA 55% Jan-15 Feb-15

Papel reciclado 62% 274,646.43 366,195.24
Celulosa 12% 53,157.37 70,876.50
Aglutinante 15% 66,446.72 88,595.62
Otros Componentes Quim. 11% 48,727.59 64,970.12
COSTO TOTAL MATERIA PRIMA 442,978.11 590,637.48
COSTO UNITARIO DE MATERIA PRIMA 5.94 5.94
CALCULO DE MANO DE OBRA 30% Jan-15 Feb-15

Mano de Obra Directa 241,624.43 322,165.90
COSTO UNITARIO DE MANO DE OBRA DIRECTA 3.24 3.24
CALCULO DE GIF 15% Jan-15 Feb-15

Gastos Indirectos de Fabricación 120,812.21 161,082.95
COSTO UNITARIO DE GIF 1.62 1.62
Costo Variable Total 805,414.75 1,073,886.34

Costo Variable Unitario 10.80 10.80
Margen Bruto 984,395.81 1,312,527.74
Marfen Bruto unitario 13.2 13.2
2015 2016
8,949,053 10,007,311

Hojas tamaño resma 54,412.13 74,816.68
2015

Papel reciclado 62% 810,462.21 1,114,385.54
Celulosa 12% 156,863.65 215,687.52
Aglutinante 15% 196,079.57 269,609.41
COSTO TOTAL MATERIA PRIMA 1,307,197.12 1,797,396.04

Mano de Obra Directa 1,005,536.24 1,382,612.34

Costo Variable Total 2,513,840.61 3,456,530.84

Margen Bruto 2,056,778.68 2,828,070.69
2015 2016
31,423,008 34,887,948

Hojas tamaño carpeta 41,826.51 62,739.77
Ingresos por Ventas 878,357 1,317,535
2015

Papel reciclado 62% 157,928.54 233,625.32
Celulosa 12% 30,566.81 45,217.80
Aglutinante 15% 38,208.52 56,522.25


Costo Variable Total 509,446.89 758,900.20
Margen Bruto 368,909.82 558,634.87
2015 2016
8,435,738 10,149,242
LA PAZ
2015
Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15
91,147.76 66,289.28 74,575.44 58,003.12 82,861.60 74,575.44
24.00 24.00 24.00 24.00 24.00 24.00
2,187,546 1,590,943 1,789,811 1,392,075 1,988,678 1,789,811
2016 2017 2018

22,238,469 24,927,660 28,108,024

335,678.97 244,130.16 274,646.43 213,613.89 305,162.70 274,646.43
64,970.12 47,251.00 53,157.37 41,344.62 59,063.75 53,157.37
81,212.65 59,063.75 66,446.72 51,680.78 73,829.69 66,446.72
59,555.95 43,313.42 48,727.59 37,899.24 54,141.77 48,727.59
541,417.69 393,758.32 442,978.11 344,538.53 492,197.90 442,978.11
5.94 5.94 5.94 5.94 5.94 5.94

295,318.74 214,777.27 241,624.43 187,930.11 268,471.58 241,624.43
3.24 3.24 3.24 3.24 3.24 3.24

147,659.37 107,388.63 120,812.21 93,965.05 134,235.79 120,812.21
1.62 1.62 1.62 1.62 1.62 1.62
984,395.81 715,924.22 805,414.75 626,433.70 894,905.28 805,414.75

10.80 10.80 10.80 10.80 10.80 10.80
1,203,150.43 875,018.50 984,395.81 765,641.18 1,093,773.12 984,395.81
13.2 13.2 13.2 13.2 13.2 13.2
2017 2018
11,217,447 12,648,611

81,618.20 61,213.65 61,213.65 47,610.62 68,015.17 74,816.68
84.00 84.00 84.00 84.00 84.00 84.00
6,855,929 5,141,947 5,141,947 3,999,292 5,713,274 6,284,602
2016 2017 2018

63,432,634 69,619,092 76,780,596

1,215,693.32 911,769.99 911,769.99 709,154.44 1,013,077.77 1,114,385.54
235,295.48 176,471.61 176,471.61 137,255.70 196,079.57 215,687.52
294,119.35 220,589.51 220,589.51 171,569.62 245,099.46 269,609.41
215,687.52 161,765.64 161,765.64 125,817.72 179,739.60 197,713.56
1,960,795.68 1,470,596.76 1,470,596.76 1,143,797.48 1,633,996.40 1,797,396.04
24.02 24.02 24.02 24.02 24.02 24.02

1,508,304.37 1,131,228.27 1,131,228.27 879,844.21 1,256,920.30 1,382,612.34
18.48 18.48 18.48 18.48 18.48 18.48

301,660.87 226,245.65 226,245.65 175,968.84 251,384.06 276,522.47
3.70 3.70 3.70 3.70 3.70 3.70
3,770,760.91 2,828,070.69 2,828,070.69 2,199,610.53 3,142,300.76 3,456,530.84

46.20 46.20 46.20 46.20 46.20 46.20
3,085,168.02 2,313,876.02 2,313,876.02 1,799,681.35 2,570,973.35 2,828,070.69
37.8 37.8 37.8 37.8 37.8 37.8
2017 2018
38,290,501 42,229,328

69,710.85 69,710.85 76,681.94 55,768.68 48,797.60 69,710.85
21.00 21.00 21.00 21.00 21.00 21.00
1,463,928 1,463,928 1,610,321 1,171,142 1,024,749 1,463,928
2016 2017 2018

16,144,090 17,620,212 19,439,576

259,583.69 259,583.69 285,542.05 207,666.95 181,708.58 259,583.69
50,242.00 50,242.00 55,266.20 40,193.60 35,169.40 50,242.00
62,802.50 62,802.50 69,082.76 50,242.00 43,961.75 62,802.50
46,055.17 46,055.17 50,660.69 36,844.14 32,238.62 46,055.17
418,683.37 418,683.37 460,551.70 334,946.69 293,078.36 418,683.37
6.01 6.01 6.01 6.01 6.01 6.01

297,177.35 297,177.35 326,895.09 237,741.88 208,024.15 297,177.35
4.26 4.26 4.26 4.26 4.26 4.26

127,361.72 127,361.72 140,097.90 101,889.38 89,153.21 127,361.72
1.83 1.83 1.83 1.83 1.83 1.83
843,222.44 843,222.44 927,544.69 674,577.95 590,255.71 843,222.44
12.10 12.10 12.10 12.10 12.10 12.10
620,705.41 620,705.41 682,775.95 496,564.33 434,493.79 620,705.41
8.9 8.9 8.9 8.9 8.9 8.9
2017 2018
11,197,196 11,257,310
Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16
82,861.60 66,289.28 41,430.80 16,572.32 828,616.00 83,394.26
24.00 24.00 24.00 24.00 288.00 24.00
1,988,678 1,590,943 994,339 397,736 19,886,784.00 2,001,462

305,162.70 244,130.16 152,581.35 61,032.54 3,051,627.00 307,124.38
59,063.75 47,251.00 29,531.87 11,812.75 590,637.48 59,443.43
73,829.69 59,063.75 36,914.84 14,765.94 738,296.86 74,304.28
54,141.77 43,313.42 27,070.88 10,828.35 541,417.69 54,489.81
492,197.90 393,758.32 246,098.95 98,439.58 4,921,979.04 495,361.90
5.94 5.94 5.94 5.94 71.28 5.94

268,471.58 214,777.27 134,235.79 53,694.32 2,684,715.84 270,197.40
3.24 3.24 3.24 3.24 38.88 3.24

134,235.79 107,388.63 67,117.90 26,847.16 1,342,357.92 135,098.70
1.62 1.62 1.62 1.62 19.44 1.62
894,905.28 715,924.22 447,452.64 178,981.06 8,949,052.80 900,658.00

10.80 10.80 10.80 10.80 129.60 10.80
1,093,773.12 875,018.50 546,886.56 218,754.62 10,937,731.20 1,100,804.22
13.2 13.2 13.2 13.2 158.40 13.2

61,213.65 40,809.10 34,007.58 20,404.55 680,151.68 60,412.03
84.00 84.00 84.00 84.00 1,008.00 84.00
5,141,947 3,427,964 2,856,637 1,713,982 57,132,741.12 5,074,611

911,769.99 607,846.66 506,538.88 303,923.33 10,130,777.66 899,829.97
176,471.61 117,647.74 98,039.78 58,823.87 1,960,795.68 174,160.64
220,589.51 147,059.68 122,549.73 73,529.84 2,450,994.59 217,700.80
161,765.64 107,843.76 89,869.80 53,921.88 1,797,396.04 159,647.25
1,470,596.76 980,397.84 816,998.20 490,198.92 16,339,963.96 1,451,338.66
24.02 24.02 24.02 24.02 288.29 24.02

1,131,228.27 754,152.18 628,460.15 377,076.09 12,569,203.05 1,116,414.35
18.48 18.48 18.48 18.48 221.76 18.48

226,245.65 150,830.44 125,692.03 75,415.22 2,513,840.61 223,282.87
3.70 3.70 3.70 3.70 44.35 3.70
2,828,070.69 1,885,380.46 1,571,150.38 942,690.23 31,423,007.62 2,791,035.88

46.20 46.20 46.20 46.20 554.40 46.20
2,313,876.02 1,542,584.01 1,285,486.68 771,292.01 25,709,733.50 2,283,574.81
37.8 37.8 37.8 37.8 453.60 37.8

69,710.85 62,739.77 34,855.43 34,855.43 697,108.50 46,125.97
21.00 21.00 21.00 21.00 252.00 21.00
1,463,928 1,317,535 731,964 731,964 14,639,278.50 968,645

259,583.69 233,625.32 129,791.84 129,791.84 2,598,015.19 171,760.20
50,242.00 45,217.80 25,121.00 25,121.00 502,841.65 33,243.91
62,802.50 56,522.25 31,401.25 31,401.25 628,552.06 41,554.89
46,055.17 41,449.65 23,027.59 23,027.59 460,938.18 30,473.58
418,683.37 376,815.03 209,341.68 209,341.68 4,190,347.08 277,032.59
6.01 6.01 6.01 6.01 72.16 6.01

297,177.35 267,459.62 148,588.68 148,588.68 2,971,773.54 196,635.02
4.26 4.26 4.26 4.26 51.16 4.26

127,361.72 114,625.55 63,680.86 63,680.86 1,273,617.23 84,272.15
1.83 1.83 1.83 1.83 21.92 1.83
843,222.44 758,900.20 421,611.22 421,611.22 8,435,737.84 557,939.76
12.10 12.10 12.10 12.10 145.24 12.10
620,705.41 558,634.87 310,352.70 310,352.70 6,203,540.66 410,705.65
8.9 8.9 8.9 8.9 106.76 8.9
2016
Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16
111,192.35 101,926.32 74,128.23 83,394.26 64,862.20 92,660.29
24.00 24.00 24.00 24.00 24.00 24.00
2,668,616 2,446,232 1,779,078 2,001,462 1,556,693 2,223,847

409,499.17 375,374.24 272,999.45 307,124.38 238,874.52 341,249.31
79,257.90 72,653.08 52,838.60 59,443.43 46,233.78 66,048.25
99,072.38 90,816.35 66,048.25 74,304.28 57,792.22 82,560.32
72,653.08 66,598.66 48,435.39 54,489.81 42,380.96 60,544.23
660,482.53 605,442.32 440,321.69 495,361.90 385,281.48 550,402.11
5.94 5.94 5.94 5.94 5.94 5.94

360,263.20 330,241.27 240,175.47 270,197.40 210,153.53 300,219.33
3.24 3.24 3.24 3.24 3.24 3.24

180,131.60 165,120.63 120,087.73 135,098.70 105,076.77 150,109.67
1.62 1.62 1.62 1.62 1.62 1.62
1,200,877.33 1,100,804.22 800,584.89 900,658.00 700,511.78 1,000,731.11

10.80 10.80 10.80 10.80 10.80 10.80
1,467,738.96 1,345,427.38 978,492.64 1,100,804.22 856,181.06 1,223,115.80
13.2 13.2 13.2 13.2 13.2 13.2

83,066.54 90,618.05 67,963.54 67,963.54 52,860.53 75,515.04
84.00 84.00 84.00 84.00 84.00 84.00
6,977,590 7,611,916 5,708,937 5,708,937 4,440,284 6,343,263

1,237,266.20 1,349,744.95 1,012,308.71 1,012,308.71 787,351.22 1,124,787.46
239,470.88 261,240.96 195,930.72 195,930.72 152,390.56 217,700.80
299,338.60 326,551.20 244,913.40 244,913.40 190,488.20 272,126.00
219,514.97 239,470.88 179,603.16 179,603.16 139,691.35 199,559.07
1,995,590.65 2,177,007.99 1,632,755.99 1,632,755.99 1,269,921.32 1,814,173.32
24.02 24.02 24.02 24.02 24.02 24.02

1,535,069.73 1,674,621.53 1,255,966.15 1,255,966.15 976,862.56 1,395,517.94
18.48 18.48 18.48 18.48 18.48 18.48

307,013.95 334,924.31 251,193.23 251,193.23 195,372.51 279,103.59
3.70 3.70 3.70 3.70 3.70 3.70
3,837,674.33 4,186,553.82 3,139,915.36 3,139,915.36 2,442,156.39 3,488,794.85

46.20 46.20 46.20 46.20 46.20 46.20
3,139,915.36 3,425,362.21 2,569,021.66 2,569,021.66 1,998,127.96 2,854,468.51
37.8 37.8 37.8 37.8 37.8 37.8

69,188.96 76,876.62 76,876.62 84,564.28 61,501.30 53,813.63
21.00 21.00 21.00 21.00 21.00 21.00
1,452,968 1,614,409 1,614,409 1,775,850 1,291,527 1,130,086

257,640.31 286,267.01 286,267.01 314,893.71 229,013.61 200,386.91
49,865.87 55,406.52 55,406.52 60,947.17 44,325.21 38,784.56
62,332.33 69,258.15 69,258.15 76,183.96 55,406.52 48,480.70
45,710.38 50,789.31 50,789.31 55,868.24 40,631.45 35,552.52
415,548.88 461,720.98 461,720.98 507,893.08 369,376.78 323,204.69
6.01 6.01 6.01 6.01 6.01 6.01

294,952.53 327,725.03 327,725.03 360,497.53 262,180.02 229,407.52
4.26 4.26 4.26 4.26 4.26 4.26

126,408.23 140,453.58 140,453.58 154,498.94 112,362.87 98,317.51
1.83 1.83 1.83 1.83 1.83 1.83
836,909.64 929,899.60 929,899.60 1,022,889.56 743,919.68 650,929.72
12.10 12.10 12.10 12.10 12.10 12.10
616,058.48 684,509.42 684,509.42 752,960.37 547,607.54 479,156.60
8.9 8.9 8.9 8.9 8.9 8.9
Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 2016
83,394.26 92,660.29 74,128.23 46,330.14 18,532.06 926,602.88
24.00 24.00 24.00 24.00 24.00 288.00
2,001,462 2,223,847 1,779,078 1,111,923 444,769 22,238,469.12

307,124.38 341,249.31 272,999.45 170,624.65 68,249.86 3,412,493.09
59,443.43 66,048.25 52,838.60 33,024.13 13,209.65 660,482.53
74,304.28 82,560.32 66,048.25 41,280.16 16,512.06 825,603.17
54,489.81 60,544.23 48,435.39 30,272.12 12,108.85 605,442.32
495,361.90 550,402.11 440,321.69 275,201.06 110,080.42 5,504,021.11
5.94 5.94 5.94 5.94 5.94 71.28

270,197.40 300,219.33 240,175.47 150,109.67 60,043.87 3,002,193.33
3.24 3.24 3.24 3.24 3.24 38.88

135,098.70 150,109.67 120,087.73 75,054.83 30,021.93 1,501,096.67
1.62 1.62 1.62 1.62 1.62 19.44
900,658.00 1,000,731.11 800,584.89 500,365.56 200,146.22 10,007,311.10

10.80 10.80 10.80 10.80 10.80 129.60
1,100,804.22 1,223,115.80 978,492.64 611,557.90 244,623.16 12,231,158.02
13.2 13.2 13.2 13.2 13.2 158.40

83,066.54 67,963.54 45,309.02 37,757.52 22,654.51 755,150.40
84.00 84.00 84.00 84.00 84.00 1,008.00
6,977,590 5,708,937 3,805,958 3,171,632 1,902,979 63,432,633.60

1,237,266.20 1,012,308.71 674,872.48 562,393.73 337,436.24 11,247,874.59
239,470.88 195,930.72 130,620.48 108,850.40 65,310.24 2,177,007.99
299,338.60 244,913.40 163,275.60 136,063.00 81,637.80 2,721,259.98
219,514.97 179,603.16 119,735.44 99,779.53 59,867.72 1,995,590.65
1,995,590.65 1,632,755.99 1,088,503.99 907,086.66 544,252.00 18,141,733.21
24.02 24.02 24.02 24.02 24.02 288.29

1,535,069.73 1,255,966.15 837,310.76 697,758.97 418,655.38 13,955,179.39
18.48 18.48 18.48 18.48 18.48 221.76

307,013.95 251,193.23 167,462.15 139,551.79 83,731.08 2,791,035.88
3.70 3.70 3.70 3.70 3.70 44.35
3,837,674.33 3,139,915.36 2,093,276.91 1,744,397.42 1,046,638.45 34,887,948.48

46.20 46.20 46.20 46.20 46.20 554.40
3,139,915.36 2,569,021.66 1,712,681.11 1,427,234.26 856,340.55 28,544,685.12
37.8 37.8 37.8 37.8 37.8 453.60

76,876.62 76,876.62 69,188.96 38,438.31 38,438.31 768,766.20
21.00 21.00 21.00 21.00 21.00 252.00
1,614,409 1,614,409 1,452,968 807,205 807,205 16,144,090.20

286,267.01 286,267.01 257,640.31 143,133.50 143,133.50 2,862,670.07
55,406.52 55,406.52 49,865.87 27,703.26 27,703.26 554,065.18
69,258.15 69,258.15 62,332.33 34,629.07 34,629.07 692,581.47
50,789.31 50,789.31 45,710.38 25,394.65 25,394.65 507,893.08
461,720.98 461,720.98 415,548.88 230,860.49 230,860.49 4,617,209.80
6.01 6.01 6.01 6.01 6.01 72.07

327,725.03 327,725.03 294,952.53 163,862.52 163,862.52 3,277,250.31
4.26 4.26 4.26 4.26 4.26 51.16

140,453.58 140,453.58 126,408.23 70,226.79 70,226.79 1,404,535.85
1.83 1.83 1.83 1.83 1.83 21.92
929,899.60 929,899.60 836,909.64 464,949.80 464,949.80 9,298,995.96
12.10 12.10 12.10 12.10 12.10 145.15
684,509.42 684,509.42 616,058.48 342,254.71 342,254.71 6,845,094.24
8.9 8.9 8.9 8.9 8.9 106.85
2017
Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17
93,478.72 124,638.30 114,251.77 83,092.20 93,478.72 72,705.67
24.00 24.00 24.00 24.00 24.00 24.00
2,243,489 2,991,319 2,742,043 1,994,213 2,243,489 1,744,936

344,263.44 459,017.92 420,766.43 306,011.95 344,263.44 267,760.45
66,631.63 88,842.18 81,438.66 59,228.12 66,631.63 51,824.60
83,289.54 111,052.72 101,798.33 74,035.15 83,289.54 64,780.76
61,079.00 81,438.66 74,652.11 54,292.44 61,079.00 47,505.89
555,263.62 740,351.49 678,655.53 493,567.66 555,263.62 431,871.70
5.94 5.94 5.94 5.94 5.94 5.94

302,871.06 403,828.08 370,175.74 269,218.72 302,871.06 235,566.38
3.24 3.24 3.24 3.24 3.24 3.24

151,435.53 201,914.04 185,087.87 134,609.36 151,435.53 117,783.19
1.62 1.62 1.62 1.62 1.62 1.62
1,009,570.21 1,346,093.61 1,233,919.15 897,395.74 1,009,570.21 785,221.27

10.80 10.80 10.80 10.80 10.80 10.80
1,233,919.15 1,645,225.53 1,508,123.40 1,096,817.02 1,233,919.15 959,714.89
13.2 13.2 13.2 13.2 13.2 13.2

66,303.90 91,167.86 99,455.85 74,591.88 74,591.88 58,015.91
84.00 84.00 84.00 84.00 84.00 84.00
5,569,527 7,658,100 8,354,291 6,265,718 6,265,718 4,873,336

987,588.60 1,357,934.32 1,481,382.90 1,111,037.17 1,111,037.17 864,140.02
191,146.18 262,826.00 286,719.27 215,039.45 215,039.45 167,252.91
238,932.73 328,532.50 358,399.09 268,799.32 268,799.32 209,066.13
175,217.33 240,923.83 262,826.00 197,119.50 197,119.50 153,315.17
1,592,884.84 2,190,216.65 2,389,327.25 1,791,995.44 1,791,995.44 1,393,774.23
24.02 24.02 24.02 24.02 24.02 24.02

1,225,296.03 1,684,782.04 1,837,944.04 1,378,458.03 1,378,458.03 1,072,134.02
18.48 18.48 18.48 18.48 18.48 18.48

245,059.21 336,956.41 367,588.81 275,691.61 275,691.61 214,426.80
3.70 3.70 3.70 3.70 3.70 3.70
3,063,240.07 4,211,955.10 4,594,860.10 3,446,145.08 3,446,145.08 2,680,335.06

46.20 46.20 46.20 46.20 46.20 46.20
2,506,287.33 3,446,145.08 3,759,430.99 2,819,573.25 2,819,573.25 2,193,001.41
37.8 37.8 37.8 37.8 37.8 37.8

50,343.46 75,515.19 83,905.77 83,905.77 92,296.35 67,124.62
21.00 21.00 21.00 21.00 21.00 21.00
1,057,213 1,585,819 1,762,021 1,762,021 1,938,223 1,409,617

187,464.96 281,197.43 312,441.59 312,441.59 343,685.75 249,953.28
36,283.54 54,425.31 60,472.57 60,472.57 66,519.82 48,378.05
45,354.42 68,031.64 75,590.71 75,590.71 83,149.78 60,472.57
33,259.91 49,889.87 55,433.19 55,433.19 60,976.50 44,346.55
302,362.83 453,544.25 503,938.05 503,938.05 554,331.86 403,150.44
6.01 6.01 6.01 6.01 6.01 6.01

214,614.18 321,921.27 357,690.30 357,690.30 393,459.33 286,152.24
4.26 4.26 4.26 4.26 4.26 4.26

91,977.51 137,966.26 153,295.84 153,295.84 168,625.43 122,636.67
1.83 1.83 1.83 1.83 1.83 1.83
608,954.52 913,431.77 1,014,924.19 1,014,924.19 1,116,416.61 811,939.36
12.10 12.10 12.10 12.10 12.10 12.10
448,258.19 672,387.28 747,096.98 747,096.98 821,806.67 597,677.58
8.9 8.9 8.9 8.9 8.9 8.9
2017
Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
103,865.25 93,478.72 103,865.25 83,092.20 51,932.62 20,773.05
24.00 24.00 24.00 24.00 24.00 24.00
2,492,766 2,243,489 2,492,766 1,994,213 1,246,383 498,553

382,514.94 344,263.44 382,514.94 306,011.95 191,257.47 76,502.99
74,035.15 66,631.63 74,035.15 59,228.12 37,017.57 14,807.03
92,543.94 83,289.54 92,543.94 74,035.15 46,271.97 18,508.79
67,865.55 61,079.00 67,865.55 54,292.44 33,932.78 13,573.11
616,959.57 555,263.62 616,959.57 493,567.66 308,479.79 123,391.91
5.94 5.94 5.94 5.94 5.94 5.94

336,523.40 302,871.06 336,523.40 269,218.72 168,261.70 67,304.68
3.24 3.24 3.24 3.24 3.24 3.24

168,261.70 151,435.53 168,261.70 134,609.36 84,130.85 33,652.34
1.62 1.62 1.62 1.62 1.62 1.62
1,121,744.68 1,009,570.21 1,121,744.68 897,395.74 560,872.34 224,348.94

10.80 10.80 10.80 10.80 10.80 10.80
1,371,021.27 1,233,919.15 1,371,021.27 1,096,817.02 685,510.64 274,204.25
13.2 13.2 13.2 13.2 13.2 13.2

82,879.87 91,167.86 74,591.88 49,727.92 41,439.94 24,863.96
84.00 84.00 84.00 84.00 84.00 84.00
6,961,909 7,658,100 6,265,718 4,177,146 3,480,955 2,088,573

1,234,485.75 1,357,934.32 1,111,037.17 740,691.45 617,242.87 370,345.72
238,932.73 262,826.00 215,039.45 143,359.64 119,466.36 71,679.82
298,665.91 328,532.50 268,799.32 179,199.54 149,332.95 89,599.77
219,021.66 240,923.83 197,119.50 131,413.00 109,510.83 65,706.50
1,991,106.04 2,190,216.65 1,791,995.44 1,194,663.63 995,553.02 597,331.81
24.02 24.02 24.02 24.02 24.02 24.02

1,531,620.03 1,684,782.04 1,378,458.03 918,972.02 765,810.02 459,486.01
18.48 18.48 18.48 18.48 18.48 18.48

306,324.01 336,956.41 275,691.61 183,794.40 153,162.00 91,897.20
3.70 3.70 3.70 3.70 3.70 3.70
3,829,050.09 4,211,955.10 3,446,145.08 2,297,430.05 1,914,525.04 1,148,715.03

46.20 46.20 46.20 46.20 46.20 46.20
3,132,859.16 3,446,145.08 2,819,573.25 1,879,715.50 1,566,429.58 939,857.75
37.8 37.8 37.8 37.8 37.8 37.8

58,734.04 83,905.77 83,905.77 75,515.19 41,952.89 41,952.89
21.00 21.00 21.00 21.00 21.00 21.00
1,233,415 1,762,021 1,762,021 1,585,819 881,011 881,011

218,709.12 312,441.59 312,441.59 281,197.43 156,220.80 156,220.80
42,330.80 60,472.57 60,472.57 54,425.31 30,236.28 30,236.28
52,913.50 75,590.71 75,590.71 68,031.64 37,795.35 37,795.35
38,803.23 55,433.19 55,433.19 49,889.87 27,716.59 27,716.59
352,756.64 503,938.05 503,938.05 453,544.25 251,969.03 251,969.03
6.01 6.01 6.01 6.01 6.01 6.01

250,383.21 357,690.30 357,690.30 321,921.27 178,845.15 178,845.15
4.26 4.26 4.26 4.26 4.26 4.26

107,307.09 153,295.84 153,295.84 137,966.26 76,647.92 76,647.92
1.83 1.83 1.83 1.83 1.83 1.83
710,446.94 1,014,924.19 1,014,924.19 913,431.77 507,462.10 507,462.10
12.10 12.10 12.10 12.10 12.10 12.10
522,967.88 747,096.98 747,096.98 672,387.28 373,548.49 373,548.49
8.9 8.9 8.9 8.9 8.9 8.9
2017 Jan-18 Feb-18 Mar-18 Apr-18 May-18
1,038,652.48 105,405.09 140,540.12 128,828.44 93,693.41 105,405.09
288.00 24.00 24.00 24.00 24.00 24.00
24,927,659.52 2,529,722 3,372,963 3,091,883 2,248,642 2,529,722

3,825,149.35 388,185.87 517,581.16 474,449.40 345,054.11 388,185.87
740,351.49 75,132.75 100,177.00 91,828.92 66,784.67 75,132.75
925,439.36 93,915.94 125,221.25 114,786.14 83,480.83 93,915.94
678,655.53 68,871.69 91,828.92 84,176.51 61,219.28 68,871.69
6,169,595.73 626,106.24 834,808.32 765,240.96 556,538.88 626,106.24
71.28 5.94 5.94 5.94 5.94 5.94

3,365,234.04 341,512.50 455,349.99 417,404.16 303,566.66 341,512.50
38.88 3.24 3.24 3.24 3.24 3.24

1,682,617.02 170,756.25 227,675.00 208,702.08 151,783.33 170,756.25
19.44 1.62 1.62 1.62 1.62 1.62
11,217,446.78 1,138,374.98 1,517,833.31 1,391,347.20 1,011,888.88 1,138,374.98

129.60 10.80 10.80 10.80 10.80 10.80
13,710,212.74 1,391,347.20 1,855,129.61 1,700,535.47 1,236,753.07 1,391,347.20
158.40 13.2 13.2 13.2 13.2 13.2

828,798.72 73,124.38 100,546.02 109,686.57 82,264.92 82,264.92
1,008.00 84.00 84.00 84.00 84.00 84.00
69,619,092.48 6,142,448 8,445,866 9,213,672 6,910,254 6,910,254

12,344,857.48 1,089,178.83 1,497,620.89 1,633,768.24 1,225,326.18 1,225,326.18
2,389,327.25 210,808.81 289,862.11 316,213.21 237,159.91 237,159.91
2,986,659.07 263,511.01 362,327.63 395,266.51 296,449.88 296,449.88
2,190,216.65 193,241.41 265,706.93 289,862.11 217,396.58 217,396.58
19,911,060.45 1,756,740.05 2,415,517.57 2,635,110.07 1,976,332.55 1,976,332.55
288.29 24.02 24.02 24.02 24.02 24.02

15,316,200.35 1,351,338.50 1,858,090.43 2,027,007.75 1,520,255.81 1,520,255.81
221.76 18.48 18.48 18.48 18.48 18.48

3,063,240.07 270,267.70 371,618.09 405,401.55 304,051.16 304,051.16
44.35 3.70 3.70 3.70 3.70 3.70
38,290,500.86 3,378,346.25 4,645,226.09 5,067,519.37 3,800,639.53 3,800,639.53

554.40 46.20 46.20 46.20 46.20 46.20
31,328,591.62 2,764,101.47 3,800,639.53 4,146,152.21 3,109,614.16 3,109,614.16
453.60 37.8 37.8 37.8 37.8 37.8

839,057.70 55,541.65 83,312.47 92,569.41 92,569.41 101,826.35
252.00 21.00 21.00 21.00 21.00 21.00
17,620,211.70 1,166,375 1,749,562 1,943,958 1,943,958 2,138,353

3,124,415.94 206,821.54 310,232.31 344,702.56 344,702.56 379,172.82
604,725.67 40,029.98 60,044.96 66,716.63 66,716.63 73,388.29
755,907.08 50,037.47 75,056.20 83,395.78 83,395.78 91,735.36
554,331.86 36,694.14 55,041.22 61,156.91 61,156.91 67,272.60
5,039,380.55 333,583.13 500,374.69 555,971.88 555,971.88 611,569.06
72.07 6.01 6.01 6.01 6.01 6.01

3,576,902.98 236,774.04 355,161.06 394,623.39 394,623.39 434,085.73
51.16 4.26 4.26 4.26 4.26 4.26

1,532,958.42 101,474.59 152,211.88 169,124.31 169,124.31 186,036.74
21.92 1.83 1.83 1.83 1.83 1.83
10,149,241.94 671,831.75 1,007,747.63 1,119,719.58 1,119,719.58 1,231,691.54
145.15 12.10 12.10 12.10 12.10 12.10
7,470,969.76 494,542.82 741,814.22 824,238.03 824,238.03 906,661.83
106.85 8.9 8.9 8.9 8.9 8.9
2018
Jun-18 Jul-18 Aug-18 Sep-18 Oct-18
81,981.74 117,116.77 105,405.09 117,116.77 93,693.41
24.00 24.00 24.00 24.00 24.00
1,967,562 2,810,802 2,529,722 2,810,802 2,248,642

301,922.34 431,317.63 388,185.87 431,317.63 345,054.11
58,436.58 83,480.83 75,132.75 83,480.83 66,784.67
73,045.73 104,351.04 93,915.94 104,351.04 83,480.83
53,566.87 76,524.10 68,871.69 76,524.10 61,219.28
486,971.52 695,673.60 626,106.24 695,673.60 556,538.88
5.94 5.94 5.94 5.94 5.94

265,620.83 379,458.33 341,512.50 379,458.33 303,566.66
3.24 3.24 3.24 3.24 3.24

132,810.41 189,729.16 170,756.25 189,729.16 151,783.33
1.62 1.62 1.62 1.62 1.62
885,402.77 1,264,861.09 1,138,374.98 1,264,861.09 1,011,888.88

10.80 10.80 10.80 10.80 10.80
1,082,158.94 1,545,941.34 1,391,347.20 1,545,941.34 1,236,753.07
13.2 13.2 13.2 13.2 13.2

63,983.83 91,405.47 100,546.02 82,264.92 54,843.28
84.00 84.00 84.00 84.00 84.00
5,374,642 7,678,060 8,445,866 6,910,254 4,606,836

953,031.48 1,361,473.54 1,497,620.89 1,225,326.18 816,884.12
184,457.70 263,511.01 289,862.11 237,159.91 158,106.60
230,572.13 329,388.76 362,327.63 296,449.88 197,633.26
169,086.23 241,551.76 265,706.93 217,396.58 144,931.05
1,537,147.54 2,195,925.06 2,415,517.57 1,976,332.55 1,317,555.04
24.02 24.02 24.02 24.02 24.02

1,182,421.19 1,689,173.12 1,858,090.43 1,520,255.81 1,013,503.87
18.48 18.48 18.48 18.48 18.48

236,484.24 337,834.62 371,618.09 304,051.16 202,700.77
3.70 3.70 3.70 3.70 3.70
2,956,052.96 4,222,932.81 4,645,226.09 3,800,639.53 2,533,759.68

46.20 46.20 46.20 46.20 46.20
2,418,588.79 3,455,126.84 3,800,639.53 3,109,614.16 2,073,076.10
37.8 37.8 37.8 37.8 37.8

74,055.53 64,798.59 92,569.41 92,569.41 83,312.47
21.00 21.00 21.00 21.00 21.00
1,555,166 1,360,770 1,943,958 1,943,958 1,749,562

275,762.05 241,291.79 344,702.56 344,702.56 310,232.31
53,373.30 46,701.64 66,716.63 66,716.63 60,044.96
66,716.63 58,377.05 83,395.78 83,395.78 75,056.20
48,925.53 42,809.83 61,156.91 61,156.91 55,041.22
444,777.50 389,180.31 555,971.88 555,971.88 500,374.69
6.01 6.01 6.01 6.01 6.01

315,698.72 276,236.38 394,623.39 394,623.39 355,161.06
4.26 4.26 4.26 4.26 4.26

135,299.45 118,387.02 169,124.31 169,124.31 152,211.88
1.83 1.83 1.83 1.83 1.83
895,775.67 783,803.71 1,119,719.58 1,119,719.58 1,007,747.63
12.10 12.10 12.10 12.10 12.10
659,390.42 576,966.62 824,238.03 824,238.03 741,814.22
8.9 8.9 8.9 8.9 8.9
Nov-18 Dec-18 2018 Jan-19 Feb-19
58,558.38 23,423.35 1,171,167.68 115,643.46 150,085.42
24.00 24.00 288.00 24.00 24.00
1,405,401 562,160 28,108,024.32 2,775,443 3,602,050
Nov-18 Dec-18 2018 Jan-19 Feb-19

215,658.82 86,263.53 4,313,176.33 425,891.73 552,734.58
41,740.42 16,696.17 834,808.32 82,430.66 106,980.89
52,175.52 20,870.21 1,043,510.40 103,038.32 133,726.11
38,262.05 15,304.82 765,240.96 75,561.44 98,065.81
347,836.80 139,134.72 6,956,736.02 686,922.15 891,507.38
5.94 5.94 71.28 5.94 5.94
Nov-18 Dec-18 2018 Jan-19 Feb-19

189,729.16 75,891.67 3,794,583.28 374,684.81 486,276.75
3.24 3.24 38.88 3.24 3.24
Nov-18 Dec-18 2018 Jan-19 Feb-19

94,864.58 37,945.83 1,897,291.64 187,342.40 243,138.38
1.62 1.62 19.44 1.62 1.62
632,430.55 252,972.22 12,648,610.94 1,248,949.36 1,620,922.52

10.80 10.80 129.60 10.80 10.80
772,970.67 309,188.27 15,459,413.38 1,526,493.66 1,981,127.52
13.2 13.2 158.40 13.2 13.2
Nov-18 Dec-18 2018 Jan-19 Feb-19

45,702.74 27,421.64 914,054.72 79,928.75 107,019.71
84.00 84.00 1,008.00 84.00 84.00
3,839,030 2,303,418 76,780,596.48 6,714,015 8,989,656
Nov-18 Dec-18 2018 Jan-19 Feb-19

680,736.77 408,442.06 13,614,735.37 1,190,529.10 1,594,045.78
131,755.50 79,053.30 2,635,110.07 230,424.99 308,524.99
164,694.38 98,816.63 3,293,887.59 288,031.23 385,656.24
120,775.88 72,465.53 2,415,517.57 211,222.91 282,814.57
1,097,962.53 658,777.52 21,959,250.59 1,920,208.23 2,571,041.58
24.02 24.02 288.29 24.02 24.02
Nov-18 Dec-18 2018 Jan-19 Feb-19

844,586.56 506,751.94 16,891,731.23 1,477,083.25 1,977,724.29
18.48 18.48 221.76 18.48 18.48
Nov-18 Dec-18 2018 Jan-19 Feb-19

168,917.31 101,350.39 3,378,346.25 295,416.65 395,544.86
3.70 3.70 44.35 3.70 3.70
2,111,466.40 1,266,879.84 42,229,328.06 3,692,708.13 4,944,310.73

46.20 46.20 554.40 46.20 46.20
1,727,563.42 1,036,538.05 34,551,268.42 3,021,306.65 4,045,345.14
37.8 37.8 453.60 37.8 37.8
Nov-18 Dec-18 2018 Jan-19 Feb-19

46,284.71 46,284.71 925,694.10 58,434.33 82,431.58
21.00 21.00 252.00 21.00 21.00
971,979 971,979 19,439,576.10 1,227,121 1,731,063
Nov-18 Dec-18 2018 Jan-19 Feb-19

172,351.28 172,351.28 3,447,025.63 217,593.07 306,952.13
33,358.31 33,358.31 667,166.25 42,114.79 59,410.09
41,697.89 41,697.89 833,957.81 52,643.48 74,262.61
30,578.45 30,578.45 611,569.06 38,605.22 54,459.25
277,985.94 277,985.94 5,559,718.76 350,956.56 495,084.08
6.01 6.01 72.07 6.01 6.01
Nov-18 Dec-18 2018 Jan-19 Feb-19

197,311.70 197,311.70 3,946,233.95 249,105.53 351,405.84
4.26 4.26 51.16 4.26 4.26
Nov-18 Dec-18 2018 Jan-19 Feb-19

84,562.16 84,562.16 1,691,243.12 106,759.51 150,602.50
1.83 1.83 21.92 1.83 1.83
559,859.79 559,859.79 11,197,195.83 706,821.61 997,092.42
12.10 12.10 145.15 12.10 12.10
412,119.01 412,119.01 8,242,380.27 520,299.24 733,970.81
8.9 8.9 106.85 8.9 8.9
2019
Mar-19 Apr-19 May-19 Jun-19 Jul-19
137,841.04 102,621.54 114,107.11 90,762.77 125,544.43
24.00 24.00 24.00 24.00 24.00
3,308,185 2,462,917 2,738,571 2,178,306 3,013,066

507,641.00 377,934.63 420,233.65 334,261.13 462,355.01
98,253.10 73,148.64 81,335.54 64,695.70 89,488.07
122,816.37 91,435.80 101,669.43 80,869.63 111,860.08
90,065.34 67,052.92 74,557.58 59,304.39 82,030.73
818,775.80 609,571.98 677,796.20 539,130.85 745,733.89
5.94 5.94 5.94 5.94 5.94

446,604.98 332,493.81 369,707.02 294,071.37 406,763.94
3.24 3.24 3.24 3.24 3.24

223,302.49 166,246.90 184,853.51 147,035.69 203,381.97
1.62 1.62 1.62 1.62 1.62
1,488,683.28 1,108,312.68 1,232,356.74 980,237.91 1,355,879.81

10.80 10.80 10.80 10.80 10.80
1,819,501.79 1,354,604.39 1,506,213.79 1,198,068.55 1,657,186.43
13.2 13.2 13.2 13.2 13.2

115,742.97 88,194.00 88,068.95 69,857.04 97,067.66
84.00 84.00 84.00 84.00 84.00
9,722,409 7,408,296 7,397,792 5,867,991 8,153,684

1,723,977.61 1,313,639.08 1,311,776.43 1,040,512.22 1,445,811.19
333,673.09 254,252.73 253,892.21 201,389.46 279,834.42
417,091.36 317,815.91 317,365.27 251,736.83 349,793.03
305,867.00 233,065.00 232,734.53 184,607.01 256,514.89
2,780,609.05 2,118,772.71 2,115,768.44 1,678,245.51 2,331,953.53
24.02 24.02 24.02 24.02 24.02

2,138,930.04 1,629,825.16 1,627,514.18 1,290,958.09 1,793,810.41
18.48 18.48 18.48 18.48 18.48

427,786.01 325,965.03 325,502.84 258,191.62 358,762.08
3.70 3.70 3.70 3.70 3.70
5,347,325.10 4,074,562.91 4,068,785.46 3,227,395.22 4,484,526.02

46.20 46.20 46.20 46.20 46.20
4,375,084.17 3,333,733.29 3,329,006.28 2,640,596.09 3,669,157.65
37.8 37.8 37.8 37.8 37.8

90,350.47 90,292.39 98,522.02 75,141.73 67,940.72
21.00 21.00 21.00 21.00 21.00
1,897,360 1,896,140 2,068,962 1,577,976 1,426,755

336,439.85 336,223.56 366,868.41 279,806.75 252,992.24
65,117.39 65,075.53 71,006.79 54,156.14 48,966.24
81,396.74 81,344.41 88,758.49 67,695.18 61,207.80
59,690.94 59,652.57 65,089.56 49,643.13 44,885.72
542,644.92 542,296.07 591,723.24 451,301.21 408,051.99
6.01 6.01 6.01 6.01 6.01

385,164.05 384,916.44 419,999.36 320,329.18 289,631.31
4.26 4.26 4.26 4.26 4.26

165,070.31 164,964.19 179,999.73 137,283.93 124,127.70
1.83 1.83 1.83 1.83 1.83
1,092,879.28 1,092,176.70 1,191,722.33 908,914.32 821,811.01
12.10 12.10 12.10 12.10 12.10
804,480.58 803,963.41 877,240.05 669,061.93 604,944.21
8.9 8.9 8.9 8.9 8.9
Aug-19 Sep-19 Oct-19 Nov-19 Dec-19
113,643.13 125,029.55 101,588.17 66,881.48 32,615.01
24.00 24.00 24.00 24.00 24.00
2,727,435 3,000,709 2,438,116 1,605,156 782,760

418,524.90 460,458.82 374,128.93 246,311.13 120,114.58
81,004.82 89,121.06 72,412.05 47,673.12 23,247.98
101,256.03 111,401.33 90,515.06 59,591.40 29,059.98
74,254.42 81,694.31 66,377.71 43,700.36 21,310.65
675,040.17 742,675.52 603,433.75 397,276.01 193,733.19
5.94 5.94 5.94 5.94 5.94

368,203.73 405,095.74 329,145.68 216,696.01 105,672.65
3.24 3.24 3.24 3.24 3.24

184,101.86 202,547.87 164,572.84 108,348.00 52,836.32
1.62 1.62 1.62 1.62 1.62
1,227,345.76 1,350,319.12 1,097,152.27 722,320.02 352,242.16

10.80 10.80 10.80 10.80 10.80
1,500,089.26 1,650,390.03 1,340,963.89 882,835.59 430,518.20
13.2 13.2 13.2 13.2 13.2

105,911.96 87,531.28 60,297.44 51,440.80 33,634.86
84.00 84.00 84.00 84.00 84.00
8,896,605 7,352,628 5,064,985 4,321,027 2,825,329

1,577,546.00 1,303,767.91 898,123.12 766,204.53 500,987.27
305,331.48 252,342.18 173,830.28 148,297.65 96,965.28
381,664.36 315,427.72 217,287.85 185,372.06 121,206.60
279,887.19 231,313.66 159,344.42 135,939.51 88,884.84
2,544,429.04 2,102,851.47 1,448,585.67 1,235,813.75 808,043.99
24.02 24.02 24.02 24.02 24.02

1,957,253.11 1,617,578.05 1,114,296.67 950,625.96 621,572.30
18.48 18.48 18.48 18.48 18.48

391,450.62 323,515.61 222,859.33 190,125.19 124,314.46
3.70 3.70 3.70 3.70 3.70
4,893,132.76 4,043,945.13 2,785,741.67 2,376,564.91 1,553,930.75

46.20 46.20 46.20 46.20 46.20
4,003,472.26 3,308,682.38 2,279,243.19 1,944,462.20 1,271,397.88
37.8 37.8 37.8 37.8 37.8

89,883.75 89,758.28 82,304.66 52,795.24 52,808.69
21.00 21.00 21.00 21.00 21.00
1,887,559 1,884,924 1,728,398 1,108,700 1,108,982

334,701.90 334,234.70 306,479.51 196,594.68 196,644.76
64,781.01 64,690.59 59,318.61 38,050.58 38,060.28
80,976.27 80,863.23 74,148.27 47,563.23 47,575.35
59,382.60 59,299.70 54,375.40 34,879.70 34,888.59
539,841.78 539,088.22 494,321.79 317,088.19 317,168.98
6.01 6.01 6.01 6.01 6.01

383,174.41 382,639.54 350,864.77 225,066.09 225,123.43
4.26 4.26 4.26 4.26 4.26

164,217.60 163,988.37 150,370.61 96,456.90 96,481.47
1.83 1.83 1.83 1.83 1.83
1,087,233.79 1,085,716.13 995,557.17 638,611.18 638,773.88
12.10 12.10 12.10 12.10 12.10
800,324.87 799,207.71 732,840.69 470,088.79 470,208.55
8.9 8.9 8.9 8.9 8.9
2019 Jan-20 Feb-20 Mar-20 Apr-20
1,276,363.11 124,826.39 159,268.35 147,023.98 111,804.48
288.00 24.00 24.00 24.00 24.00
30,632,714.74 2,995,833 3,822,440 3,528,575 2,683,307
30,632,714.74 33,277,399.18 35,922,083.62 38,566,768.07
2019 Jan-20 Feb-20 Mar-20 Apr-20

4,700,590.08 459,710.63 586,553.48 541,459.90 411,753.53
909,791.63 88,976.25 113,526.48 104,798.69 79,694.23
1,137,239.53 111,220.31 141,908.10 130,998.36 99,617.79
833,975.66 81,561.56 104,065.94 96,065.47 73,053.05
7,581,596.90 741,468.77 946,054.00 873,322.42 664,118.59
71.28 5.94 5.94 5.94 5.94
2019 Jan-20 Feb-20 Mar-20 Apr-20

4,135,416.49 404,437.51 516,029.45 476,357.68 362,246.51
38.88 3.24 3.24 3.24 3.24
2019 Jan-20 Feb-20 Mar-20 Apr-20

2,067,708.25 202,218.75 258,014.73 238,178.84 181,123.25
19.44 1.62 1.62 1.62 1.62
13,784,721.63 1,348,125.03 1,720,098.18 1,587,858.95 1,207,488.35

129.60 10.80 10.80 10.80 10.80
16,847,993.11 1,647,708.37 2,102,342.22 1,940,716.49 1,475,819.10
158.40 13.2 13.2 13.2 13.2
13,784,721.63 14,974,829.63 16,164,937.63 17,355,045.63
2019 Jan-20 Feb-20 Mar-20 Apr-20

984,695.43 86,137.19 113,228.16 121,951.41 94,402.44
1,008.00 84.00 84.00 84.00 84.00
82,714,415.99 7,235,524 9,511,165 10,243,918 7,929,805
82,714,415.99 88,972,525.92 95,230,635.86 101,488,745.79
2019 Jan-20 Feb-20 Mar-20 Apr-20

14,666,920.24 1,283,003.11 1,686,519.78 1,816,451.62 1,406,113.09
2,838,758.76 248,323.18 326,423.18 351,571.28 272,150.92
3,548,448.45 310,403.98 408,028.98 439,464.10 340,188.65
2,602,195.53 227,629.58 299,221.25 322,273.67 249,471.68
23,656,322.97 2,069,359.85 2,720,193.20 2,929,760.67 2,267,924.33
288.29 24.02 24.02 24.02 24.02
2019 Jan-20 Feb-20 Mar-20 Apr-20

18,197,171.52 1,591,815.27 2,092,456.31 2,253,662.06 1,744,557.18
221.76 18.48 18.48 18.48 18.48
2019 Jan-20 Feb-20 Mar-20 Apr-20

3,639,434.30 318,363.05 418,491.26 450,732.41 348,911.44
44.35 3.70 3.70 3.70 3.70
45,492,928.79 3,979,538.17 5,231,140.77 5,634,155.14 4,361,392.95

554.40 46.20 46.20 46.20 46.20
37,221,487.19 3,255,985.78 4,280,024.27 4,609,763.30 3,568,412.41
453.60 37.8 37.8 37.8 37.8
45,492,928.79 48,934,889.26 52,376,849.72 55,818,810.19
2019 Jan-20 Feb-20 Mar-20 Apr-20

930,663.84 64,467.98 88,465.24 96,384.12 96,326.04
252.00 21.00 21.00 21.00 21.00
19,543,940.67 1,353,828 1,857,770 2,024,067 2,022,847
19,543,940.67 21,064,421.33 22,584,901.99 24,105,382.65
2019 Jan-20 Feb-20 Mar-20 Apr-20

3,465,531.56 240,060.71 329,419.77 358,907.49 358,691.20
670,748.04 46,463.36 63,758.66 69,465.96 69,424.10
838,435.05 58,079.20 79,698.33 86,832.46 86,780.13
614,852.37 42,591.42 58,445.44 63,677.13 63,638.76
5,589,567.03 387,194.69 531,322.21 578,883.04 578,534.19
72.07 6.01 6.01 6.01 6.01
2019 Jan-20 Feb-20 Mar-20 Apr-20

3,967,419.96 274,827.00 377,127.30 410,885.52 410,637.91
51.16 4.26 4.26 4.26 4.26
2019 Jan-20 Feb-20 Mar-20 Apr-20

1,700,322.84 117,783.00 161,625.99 176,093.79 175,987.67
21.92 1.83 1.83 1.83 1.83
11,257,309.83 779,804.68 1,070,075.49 1,165,862.35 1,165,159.77
145.15 12.10 12.10 12.10 12.10
8,286,630.85 574,022.89 787,694.46 858,204.23 857,687.06
106.85 8.9 8.9 8.9 8.9
11,257,309.83 12,133,106.69 13,008,903.55 13,884,700.41
2020
May-20 Jun-20 Jul-20 Aug-20 Sep-20
123,290.04 99,945.70 134,727.36 122,826.06 134,212.48
24.00 24.00 24.00 24.00 24.00
2,958,961 2,398,697 3,233,457 2,947,825 3,221,100

454,052.55 368,080.03 496,173.92 452,343.81 494,277.72
87,881.14 71,241.30 96,033.66 87,550.41 95,666.66
109,851.42 89,051.62 120,042.08 109,438.02 119,583.32
80,557.71 65,304.52 88,030.86 80,254.55 87,694.43
732,342.82 593,677.47 800,280.51 729,586.79 797,222.13
5.94 5.94 5.94 5.94 5.94

399,459.72 323,824.07 436,516.64 397,956.43 434,848.44
3.24 3.24 3.24 3.24 3.24

199,729.86 161,912.04 218,258.32 198,978.21 217,424.22
1.62 1.62 1.62 1.62 1.62
1,331,532.40 1,079,413.57 1,455,055.47 1,326,521.43 1,449,494.79

10.80 10.80 10.80 10.80 10.80
1,627,428.49 1,319,283.26 1,778,401.14 1,621,303.97 1,771,604.74
13.2 13.2 13.2 13.2 13.2

94,277.39 76,065.48 103,276.11 112,120.41 93,739.72
84.00 84.00 84.00 84.00 84.00
7,919,301 6,389,500 8,675,193 9,418,114 7,874,137

1,404,250.44 1,132,986.22 1,538,285.19 1,670,020.01 1,396,241.92
271,790.41 219,287.66 297,732.62 323,229.68 270,240.37
339,738.01 274,109.57 372,165.77 404,037.10 337,800.46
249,141.21 201,013.68 272,921.57 296,293.87 247,720.34
2,264,920.06 1,827,397.13 2,481,105.15 2,693,580.66 2,252,003.09
24.02 24.02 24.02 24.02 24.02

1,742,246.20 1,405,690.10 1,908,542.42 2,071,985.12 1,732,310.07
18.48 18.48 18.48 18.48 18.48

348,449.24 281,138.02 381,708.48 414,397.02 346,462.01
3.70 3.70 3.70 3.70 3.70
4,355,615.50 3,514,225.25 4,771,356.06 5,179,962.80 4,330,775.17

46.20 46.20 46.20 46.20 46.20
3,563,685.41 2,875,275.21 3,903,836.78 4,238,151.38 3,543,361.50
37.8 37.8 37.8 37.8 37.8

104,555.67 81,175.38 73,974.38 95,917.40 95,791.93
21.00 21.00 21.00 21.00 21.00
2,195,669 1,704,683 1,553,462 2,014,265 2,011,631

389,336.05 302,274.38 275,459.87 357,169.54 356,702.33
75,355.36 58,504.72 53,314.81 69,129.59 69,039.16
94,194.20 73,130.90 66,643.52 86,411.99 86,298.95
69,075.75 53,629.33 48,871.91 63,368.79 63,285.90
627,961.36 487,539.33 444,290.12 576,079.90 575,326.34
6.01 6.01 6.01 6.01 6.01

445,720.83 346,050.64 315,352.77 408,895.87 408,361.01
4.26 4.26 4.26 4.26 4.26

191,023.21 148,307.42 135,151.19 175,241.09 175,011.86
1.83 1.83 1.83 1.83 1.83
1,264,705.41 981,897.39 894,794.08 1,160,216.86 1,158,699.21
12.10 12.10 12.10 12.10 12.10
930,963.70 722,785.58 658,667.86 854,048.52 852,931.36
8.9 8.9 8.9 8.9 8.9
Oct-20 Nov-20 Dec-20 2020 Jan-21
110,771.11 76,064.42 41,797.95 1,386,558.30 134,009.32
24.00 24.00 24.00 288.00 24.00
2,658,507 1,825,546 1,003,151 33,277,399.18 3,216,224
2020 2021
Oct-20 Nov-20 Dec-20 2020 Jan-21

407,947.83 280,130.03 153,933.48 5,106,416.90 493,529.54
78,957.64 54,218.72 29,793.58 988,338.76 95,521.85
98,697.06 67,773.39 37,241.97 1,235,423.44 119,402.31
72,377.84 49,700.49 27,310.78 905,977.19 87,561.69
657,980.37 451,822.63 248,279.81 8,236,156.30 796,015.38
5.94 5.94 5.94 71.28 5.94
Oct-20 Nov-20 Dec-20 2020 Jan-21

358,898.38 246,448.71 135,425.35 4,492,448.89 434,190.21
3.24 3.24 3.24 38.88 3.24
Oct-20 Nov-20 Dec-20 2020 Jan-21

179,449.19 123,224.35 67,712.67 2,246,224.44 217,095.10
1.62 1.62 1.62 19.44 1.62
1,196,327.94 821,495.69 451,417.83 14,974,829.63 1,447,300.69

10.80 10.80 10.80 129.60 10.80
1,462,178.59 1,004,050.29 551,732.90 18,302,569.55 1,768,923.07
13.2 13.2 13.2 158.40 13.2
Oct-20 Nov-20 Dec-20 2020 Jan-21

66,505.88 57,649.24 39,843.31 1,059,196.74 92,345.63
84.00 84.00 84.00 1,008.00 84.00
5,586,494 4,842,536 3,346,838 88,972,525.92 7,757,033
Oct-20 Nov-20 Dec-20 2020 Jan-21

990,597.12 858,678.53 593,461.28 15,776,608.30 1,375,477.11
191,728.47 166,195.84 114,863.47 3,053,537.09 266,221.38
239,660.59 207,744.81 143,579.34 3,816,921.36 332,776.72
175,751.10 152,346.19 105,291.52 2,799,075.67 244,036.26
1,597,737.29 1,384,965.37 957,195.61 25,446,142.41 2,218,511.47
24.02 24.02 24.02 288.29 24.02
Oct-20 Nov-20 Dec-20 2020 Jan-21

1,229,028.68 1,065,357.98 736,304.31 19,573,955.70 1,706,547.28
18.48 18.48 18.48 221.76 18.48
Oct-20 Nov-20 Dec-20 2020 Jan-21

245,805.74 213,071.60 147,260.86 3,914,791.14 341,309.46
3.70 3.70 3.70 44.35 3.70
3,072,571.71 2,663,394.95 1,840,760.79 48,934,889.26 4,266,368.21

46.20 46.20 46.20 554.40 46.20
2,513,922.31 2,179,141.32 1,506,077.01 40,037,636.67 3,490,664.90
37.8 37.8 37.8 453.60 37.8
Oct-20 Nov-20 Dec-20 2020 Jan-21

88,338.31 58,828.89 58,842.34 1,003,067.68 70,501.63
21.00 21.00 21.00 252.00 21.00
1,855,105 1,235,407 1,235,689 21,064,421.33 1,480,534
Oct-20 Nov-20 Dec-20 2020 Jan-21

328,947.14 219,062.31 219,112.40 3,735,143.19 262,528.34
63,667.19 42,399.16 42,408.85 722,930.94 50,811.94
79,583.99 52,998.95 53,011.06 903,663.68 63,514.92
58,361.59 38,865.89 38,874.78 662,686.70 46,577.61
530,559.91 353,326.31 353,407.10 6,024,424.50 423,432.81
6.01 6.01 6.01 72.07 6.01
Oct-20 Nov-20 Dec-20 2020 Jan-21

376,586.23 250,787.56 250,844.90 4,276,077.53 300,548.46
4.26 4.26 4.26 51.16 4.26
Oct-20 Nov-20 Dec-20 2020 Jan-21

161,394.10 107,480.38 107,504.96 1,832,604.66 128,806.48
1.83 1.83 1.83 21.92 1.83
1,068,540.24 711,594.26 711,756.95 12,133,106.69 852,787.75
12.10 12.10 12.10 145.15 12.10
786,564.34 523,812.44 523,932.20 8,931,314.65 627,746.54
8.9 8.9 8.9 106.85 8.9
2021
Feb-21 Mar-21 Apr-21 May-21 Jun-21
168,451.28 156,206.91 120,987.41 132,472.97 109,128.63
24.00 24.00 24.00 24.00 24.00
4,042,831 3,748,966 2,903,698 3,179,351 2,619,087
20

620,372.38 575,278.80 445,572.43 487,871.45 401,898.93
120,072.07 111,344.28 86,239.83 94,426.73 77,786.89
150,090.09 139,180.36 107,799.78 118,033.42 97,233.61
110,066.07 102,065.59 79,053.17 86,557.84 71,304.65
1,000,600.62 927,869.04 718,665.21 786,889.44 648,224.08
5.94 5.94 5.94 5.94 5.94

545,782.15 506,110.38 391,999.21 429,212.42 353,576.77
3.24 3.24 3.24 3.24 3.24

272,891.08 253,055.19 195,999.60 214,606.21 176,788.39
1.62 1.62 1.62 1.62 1.62
1,819,273.85 1,687,034.61 1,306,664.02 1,430,708.07 1,178,589.24

10.80 10.80 10.80 10.80 10.80
2,223,556.93 2,061,931.19 1,597,033.80 1,748,643.20 1,440,497.96
13.2 13.2 13.2 13.2 13.2

119,436.60 128,159.85 100,610.89 100,485.83 82,273.92
84.00 84.00 84.00 84.00 84.00
10,032,674 10,765,428 8,451,315 8,440,810 6,911,010

1,778,993.79 1,908,925.62 1,498,587.09 1,496,724.44 1,225,460.23
344,321.38 369,469.48 290,049.11 289,688.60 237,185.85
430,401.72 461,836.84 362,561.39 362,110.75 296,482.31
315,627.93 338,680.35 265,878.35 265,547.88 217,420.36
2,869,344.82 3,078,912.29 2,417,075.95 2,414,071.68 1,976,548.75
24.02 24.02 24.02 24.02 24.02

2,207,188.32 2,368,394.07 1,859,289.19 1,856,978.21 1,520,422.12
18.48 18.48 18.48 18.48 18.48

441,437.66 473,678.81 371,857.84 371,395.64 304,084.42
3.70 3.70 3.70 3.70 3.70
5,517,970.81 5,920,985.18 4,648,222.99 4,642,445.54 3,801,055.29

46.20 46.20 46.20 46.20 46.20
4,514,703.39 4,844,442.42 3,803,091.53 3,798,364.53 3,109,954.33
37.8 37.8 37.8 37.8 37.8

94,498.89 102,417.78 102,359.69 110,589.33 87,209.03
21.00 21.00 21.00 21.00 21.00
1,984,477 2,150,773 2,149,554 2,322,376 1,831,390

351,887.40 381,375.12 381,158.84 411,803.68 324,742.02
68,107.24 73,814.54 73,772.68 79,703.94 62,853.29
85,134.05 92,268.17 92,215.85 99,629.92 78,566.62
62,431.64 67,663.33 67,624.95 73,061.94 57,615.52
567,560.33 615,121.16 614,772.32 664,199.49 523,777.45
6.01 6.01 6.01 6.01 6.01

402,848.77 436,606.98 436,359.37 471,442.29 371,772.11
4.26 4.26 4.26 4.26 4.26

172,649.47 187,117.28 187,011.16 202,046.70 159,330.90
1.83 1.83 1.83 1.83 1.83
1,143,058.57 1,238,845.42 1,238,142.85 1,337,688.48 1,054,880.46
12.10 12.10 12.10 12.10 12.10
841,418.11 911,927.88 911,410.71 984,687.35 776,509.23
8.9 8.9 8.9 8.9 8.9
2021
Jul-21 Aug-21 Sep-21 Oct-21 Nov-21
143,910.29 132,008.99 143,395.41 119,954.04 85,247.35
24.00 24.00 24.00 24.00 24.00
3,453,847 3,168,216 3,441,490 2,878,897 2,045,936

529,992.82 486,162.71 528,096.62 441,766.73 313,948.93
102,579.26 94,096.01 102,212.25 85,503.24 60,764.31
128,224.07 117,620.01 127,765.31 106,879.05 75,955.39
94,030.98 86,254.67 93,694.56 78,377.97 55,700.62
854,827.13 784,133.40 851,768.75 712,526.98 506,369.25
5.94 5.94 5.94 5.94 5.94

466,269.34 427,709.13 464,601.14 388,651.08 276,201.41
3.24 3.24 3.24 3.24 3.24

233,134.67 213,854.56 232,300.57 194,325.54 138,100.70
1.62 1.62 1.62 1.62 1.62
1,554,231.14 1,425,697.09 1,548,670.45 1,295,503.61 920,671.36

10.80 10.80 10.80 10.80 10.80
1,899,615.84 1,742,518.67 1,892,819.44 1,583,393.30 1,125,264.99
13.2 13.2 13.2 13.2 13.2

109,484.55 118,328.85 99,948.16 72,714.32 63,857.68
84.00 84.00 84.00 84.00 84.00
9,196,702 9,939,623 8,395,646 6,108,003 5,364,045

1,630,759.20 1,762,494.01 1,488,715.92 1,083,071.12 951,152.53
315,630.81 341,127.87 288,138.57 209,626.67 184,094.04
394,538.52 426,409.84 360,173.21 262,033.34 230,117.55
289,328.24 312,700.55 264,127.02 192,157.78 168,752.87
2,630,256.77 2,842,732.28 2,401,154.71 1,746,888.91 1,534,116.99
24.02 24.02 24.02 24.02 24.02

2,023,274.44 2,186,717.14 1,847,042.08 1,343,760.70 1,180,089.99
18.48 18.48 18.48 18.48 18.48

404,654.89 437,343.43 369,408.42 268,752.14 236,018.00
3.70 3.70 3.70 3.70 3.70
5,058,186.10 5,466,792.84 4,617,605.21 3,359,401.75 2,950,224.98

46.20 46.20 46.20 46.20 46.20
4,138,515.90 4,472,830.51 3,778,040.63 2,748,601.43 2,413,820.44
37.8 37.8 37.8 37.8 37.8

80,008.03 101,951.05 101,825.59 94,371.97 64,862.54
21.00 21.00 21.00 21.00 21.00
1,680,169 2,140,972 2,138,337 1,981,811 1,362,113

297,927.51 379,637.17 379,169.97 351,414.78 241,529.95
57,663.39 73,478.16 73,387.74 68,015.76 46,747.73
72,079.24 91,847.70 91,734.67 85,019.70 58,434.67
52,858.11 67,354.98 67,272.09 62,347.78 42,852.09
480,528.24 612,318.02 611,564.46 566,798.03 389,564.44
6.01 6.01 6.01 6.01 6.01

341,074.24 434,617.34 434,082.47 402,307.69 276,509.02
4.26 4.26 4.26 4.26 4.26

146,174.67 186,264.57 186,035.34 172,417.58 118,503.87
1.83 1.83 1.83 1.83 1.83
967,777.15 1,233,199.93 1,231,682.28 1,141,523.31 784,577.33
12.10 12.10 12.10 12.10 12.10
712,391.51 907,772.17 906,655.01 840,287.99 577,536.09
8.9 8.9 8.9 8.9 8.9
Dec-21 2021 Jan-22 Feb-22 Mar-22
50,980.88 1,496,753.48 143,192.26 177,634.21 165,389.84
24.00 288.00 24.00 24.00 24.00
1,223,541 35,922,083.62 3,436,614 4,263,221 3,969,356
Dec-21 2021 Jan-22 Feb-22 Mar-22

187,752.38 5,512,243.73 527,348.44 654,191.28 609,097.71
36,339.17 1,066,885.88 102,067.44 126,617.67 117,889.88
45,423.96 1,333,607.35 127,584.30 158,272.08 147,362.35
33,310.91 977,978.73 93,561.82 116,066.20 108,065.72
302,826.42 8,890,715.70 850,562.00 1,055,147.23 982,415.65
5.94 71.28 5.94 5.94 5.94
Dec-21 2021 Jan-22 Feb-22 Mar-22

165,178.05 4,849,481.29 463,942.91 575,534.85 535,863.08
3.24 38.88 3.24 3.24 3.24
Dec-21 2021 Jan-22 Feb-22 Mar-22

82,589.02 2,424,740.64 231,971.45 287,767.43 267,931.54
1.62 19.44 1.62 1.62 1.62
550,593.50 16,164,937.63 1,546,476.36 1,918,449.51 1,786,210.28

10.80 129.60 10.80 10.80 10.80
672,947.61 19,757,145.99 1,890,137.77 2,344,771.63 2,183,145.90
13.2 158.40 13.2 13.2 13.2
Dec-21 2021 Jan-22 Feb-22 Mar-22

46,051.75 1,133,698.05 98,554.07 125,645.04 134,368.29
84.00 1,008.00 84.00 84.00 84.00
3,868,347 95,230,635.86 8,278,542 10,554,183 11,286,937
Dec-21 2021 Jan-22 Feb-22 Mar-22

685,935.28 16,886,296.35 1,467,951.12 1,871,467.79 2,001,399.63
132,761.67 3,268,315.42 284,119.57 362,219.57 387,367.67
165,952.08 4,085,394.28 355,149.46 452,774.47 484,209.59
121,698.20 2,995,955.80 260,442.94 332,034.61 355,087.03
1,106,347.23 27,235,961.86 2,367,663.09 3,018,496.44 3,228,063.91
24.02 288.29 24.02 24.02 24.02
Dec-21 2021 Jan-22 Feb-22 Mar-22

851,036.33 20,950,739.89 1,821,279.30 2,321,920.34 2,483,126.09
18.48 221.76 18.48 18.48 18.48
Dec-21 2021 Jan-22 Feb-22 Mar-22

170,207.27 4,190,147.98 364,255.86 464,384.07 496,625.22
3.70 44.35 3.70 3.70 3.70
2,127,590.82 52,376,849.72 4,553,198.25 5,804,800.85 6,207,815.22

46.20 554.40 46.20 46.20 46.20
1,740,756.13 42,853,786.14 3,725,344.02 4,749,382.51 5,079,121.54
37.8 453.60 37.8 37.8 37.8
Dec-21 2021 Jan-22 Feb-22 Mar-22

64,875.99 1,075,471.52 76,535.29 100,532.54 108,451.43
21.00 252.00 21.00 21.00 21.00
1,362,396 22,584,901.99 1,607,241 2,111,183 2,277,480
Dec-21 2021 Jan-22 Feb-22 Mar-22

241,580.04 4,004,754.82 284,995.98 374,355.04 403,842.76
46,757.43 775,113.84 55,160.51 72,455.81 78,163.11
58,446.78 968,892.30 68,950.64 90,569.77 97,703.89
42,860.97 710,521.02 50,563.80 66,417.83 71,649.52
389,645.22 6,459,281.97 459,670.93 603,798.45 651,359.29
6.01 72.07 6.01 6.01 6.01
Dec-21 2021 Jan-22 Feb-22 Mar-22

276,566.36 4,584,735.10 326,269.93 428,570.23 462,328.44
4.26 51.16 4.26 4.26 4.26
Dec-21 2021 Jan-22 Feb-22 Mar-22

118,528.44 1,964,886.47 139,829.97 183,672.96 198,140.76
1.83 21.92 1.83 1.83 1.83
784,740.02 13,008,903.55 925,770.83 1,216,041.64 1,311,828.49
12.10 145.15 12.10 12.10 12.10
577,655.85 9,575,998.45 681,470.19 895,141.76 965,651.53
8.9 106.85 8.9 8.9 8.9
2022
Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22
130,170.34 141,655.90 118,311.57 153,093.22 141,191.92 152,578.34
24.00 24.00 24.00 24.00 24.00 24.00
3,124,088 3,399,742 2,839,478 3,674,237 3,388,606 3,661,880

479,391.33 521,690.35 435,717.83 563,811.72 519,981.61 561,915.53
92,785.42 100,972.33 84,332.48 109,124.85 100,641.60 108,757.84
115,981.77 126,215.41 105,415.60 136,406.06 125,802.00 135,947.30
85,053.30 92,557.97 77,304.78 100,031.11 92,254.80 99,694.69
773,211.83 841,436.05 702,770.70 909,373.74 838,680.02 906,315.37
5.94 5.94 5.94 5.94 5.94 5.94

421,751.91 458,965.12 383,329.47 496,022.04 457,461.83 494,353.84
3.24 3.24 3.24 3.24 3.24 3.24

210,875.95 229,482.56 191,664.74 248,011.02 228,730.91 247,176.92
1.62 1.62 1.62 1.62 1.62 1.62
1,405,839.68 1,529,883.74 1,277,764.91 1,653,406.81 1,524,872.76 1,647,846.12

10.80 10.80 10.80 10.80 10.80 10.80
1,718,248.50 1,869,857.90 1,561,712.66 2,020,830.54 1,863,733.37 2,014,034.15
13.2 13.2 13.2 13.2 13.2 13.2

106,819.33 106,694.28 88,482.37 115,692.99 124,537.29 106,156.61
84.00 84.00 84.00 84.00 84.00 84.00
8,972,824 8,962,319 7,432,519 9,718,211 10,461,133 8,917,155

1,591,061.10 1,589,198.45 1,317,934.23 1,723,233.20 1,854,968.02 1,581,189.92
307,947.31 307,586.80 255,084.04 333,529.01 359,026.07 306,036.76
384,934.14 384,483.49 318,855.06 416,911.26 448,782.58 382,545.95
282,285.03 281,954.56 233,827.04 305,734.92 329,107.23 280,533.70
2,566,227.57 2,563,223.30 2,125,700.37 2,779,408.39 2,991,883.90 2,550,306.33
24.02 24.02 24.02 24.02 24.02 24.02

1,974,021.21 1,971,710.23 1,635,154.13 2,138,006.46 2,301,449.15 1,961,774.10
18.48 18.48 18.48 18.48 18.48 18.48

394,804.24 394,342.05 327,030.83 427,601.29 460,289.83 392,354.82
3.70 3.70 3.70 3.70 3.70 3.70
4,935,053.03 4,929,275.57 4,087,885.33 5,345,016.14 5,753,622.88 4,904,435.25

46.20 46.20 46.20 46.20 46.20 46.20
4,037,770.66 4,033,043.65 3,344,633.45 4,373,195.02 4,707,509.63 4,012,719.75
37.8 37.8 37.8 37.8 37.8 37.8

108,393.35 116,622.98 93,242.69 86,041.68 107,984.71 107,859.24
21.00 21.00 21.00 21.00 21.00 21.00
2,276,260 2,449,083 1,958,096 1,806,875 2,267,679 2,265,044

403,626.47 434,271.32 347,209.65 320,395.14 402,104.81 401,637.60
78,121.25 84,052.51 67,201.87 62,011.96 77,826.74 77,736.31
97,651.57 105,065.64 84,002.34 77,514.95 97,283.42 97,170.39
71,611.15 77,048.14 61,601.71 56,844.30 71,341.18 71,258.28
651,010.44 700,437.61 560,015.57 516,766.36 648,556.15 647,802.59
6.01 6.01 6.01 6.01 6.01 6.01

462,080.84 497,163.76 397,493.57 366,795.70 460,338.80 459,803.93
4.26 4.26 4.26 4.26 4.26 4.26

198,034.64 213,070.18 170,354.39 157,198.16 197,288.06 197,058.83
1.83 1.83 1.83 1.83 1.83 1.83
1,311,125.92 1,410,671.55 1,127,863.53 1,040,760.22 1,306,183.01 1,304,665.35
12.10 12.10 12.10 12.10 12.10 12.10
965,134.36 1,038,411.00 830,232.88 766,115.16 961,495.82 960,378.66
8.9 8.9 8.9 8.9 8.9 8.9
Oct-22 Nov-22 Dec-22 2022
129,136.97 94,430.28 60,163.81 1,606,948.67
24.00 24.00 24.00 288.00
3,099,287 2,266,327 1,443,931 38,566,768.07
Oct-22 Nov-22 Dec-22 2022

475,585.63 347,767.84 221,571.28 5,918,070.56
92,048.83 67,309.90 42,884.76 1,145,433.01
115,061.04 84,137.38 53,605.96 1,431,791.26
84,378.10 61,700.74 39,311.03 1,049,980.26
767,073.60 560,915.86 357,373.04 9,545,275.10
5.94 5.94 5.94 71.28
Oct-22 Nov-22 Dec-22 2022

418,403.78 305,954.11 194,930.75 5,206,513.69
3.24 3.24 3.24 38.88
Oct-22 Nov-22 Dec-22 2022

209,201.89 152,977.05 97,465.37 2,603,256.84
1.62 1.62 1.62 19.44
1,394,679.27 1,019,847.02 649,769.16 17,355,045.63

10.80 10.80 10.80 129.60
1,704,608.00 1,246,479.70 794,162.31 21,211,722.44
13.2 13.2 13.2 158.40
Oct-22 Nov-22 Dec-22 2022

78,922.77 70,066.13 52,260.19 1,208,199.35
84.00 84.00 84.00 1,008.00
6,629,512 5,885,555 4,389,856 101,488,745.79
Oct-22 Nov-22 Dec-22 2022

1,175,545.13 1,043,626.54 778,409.29 17,995,984.40
227,524.86 201,992.23 150,659.86 3,483,093.76
284,406.08 252,490.29 188,324.83 4,353,867.19
208,564.46 185,159.55 138,104.87 3,192,835.94
1,896,040.53 1,683,268.61 1,255,498.85 29,025,781.30
24.02 24.02 24.02 288.29
Oct-22 Nov-22 Dec-22 2022

1,458,492.72 1,294,822.01 965,768.35 22,327,524.07
18.48 18.48 18.48 221.76
Oct-22 Nov-22 Dec-22 2022

291,698.54 258,964.40 193,153.67 4,465,504.81
3.70 3.70 3.70 44.35
3,646,231.79 3,237,055.02 2,414,420.86 55,818,810.19

46.20 46.20 46.20 554.40
2,983,280.55 2,648,499.56 1,975,435.25 45,669,935.61
37.8 37.8 37.8 453.60
Oct-22 Nov-22 Dec-22 2022

100,405.62 70,896.20 70,909.65 1,147,875.36
21.00 21.00 21.00 252.00
2,108,518 1,488,820 1,489,103 24,105,382.65
Oct-22 Nov-22 Dec-22 2022

373,882.42 263,997.59 264,047.67 4,274,366.45
72,364.34 51,096.31 51,106.00 827,296.73
90,455.42 63,870.38 63,882.50 1,034,120.92
66,333.98 46,838.28 46,847.17 758,355.34
603,036.16 425,802.56 425,883.34 6,894,139.44
6.01 6.01 6.01 72.07
Oct-22 Nov-22 Dec-22 2022

428,029.16 302,230.49 302,287.83 4,893,392.68
4.26 4.26 4.26 51.16
Oct-22 Nov-22 Dec-22 2022

183,441.07 129,527.35 129,551.93 2,097,168.29
1.83 1.83 1.83 21.92
1,214,506.38 857,560.40 857,723.10 13,884,700.41
12.10 12.10 12.10 145.15
894,011.64 631,259.74 631,379.50 10,220,682.25
8.9 8.9 8.9 106.85
FINANCIAMIENTO DEL PROYECTO
FUENTES DE FINANCIAMIENTO %
Prestamos bancarios 45%
Aportes Propios 10%
Inversiones (Socios) 45%
Total fuente de financiamiento 100%
BANCO NACIONAL DE BOLIVIA
MONTO BS TASAS DE INTERES CPPC

4,219,826.64 5.94% 250,657.70
937,739.25 2.53% 23,724.80
4,219,826.64 6.17% 260,363.30
9,377,392.54 4.88% 178,249
457,616.76 2%
0.00 178249
TABLA DE AMORT
Condiciones del Pr
MONTO
TASA
PLAZO
N
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
TIPOS DE INVERSIÓN MONTO
Capital Operativo 1,729,200.56
Activos fijos 7,648,191.98
Activos intangibles
Total inversión 9,377,392.54
ABLA DE AMORTIZACIÓN
ondiciones del Préstamo
4,219,826.64 622639703.52
5.94% Anual 0.50% mensual
20 Años 240 meses
CAPITAL INTERES AMORT. CUOTA

4,219,826.64 0.00 0.00 0.00
4,202,244.03 20,888.14 17,582.61 38,470.75
4,184,661.42 20,801.11 17,582.61 38,383.72
4,167,078.81 20,714.07 17,582.61 38,296.69
4,149,496.20 20,627.04 17,582.61 38,209.65
4,131,913.59 20,540.01 17,582.61 38,122.62
4,114,330.98 20,452.97 17,582.61 38,035.58
4,096,748.37 20,365.94 17,582.61 37,948.55
4,079,165.75 20,278.90 17,582.61 37,861.52
4,061,583.14 20,191.87 17,582.61 37,774.48
4,044,000.53 20,104.84 17,582.61 37,687.45
4,026,417.92 20,017.80 17,582.61 37,600.41
4,008,835.31 19,930.77 17,582.61 37,513.38
3,991,252.70 19,843.73 17,582.61 37,426.35
3,973,670.09 19,756.70 17,582.61 37,339.31
3,956,087.48 19,669.67 17,582.61 37,252.28
3,938,504.87 19,582.63 17,582.61 37,165.24
3,920,922.26 19,495.60 17,582.61 37,078.21
3,903,339.64 19,408.57 17,582.61 36,991.18
3,885,757.03 19,321.53 17,582.61 36,904.14
3,868,174.42 19,234.50 17,582.61 36,817.11
3,850,591.81 19,147.46 17,582.61 36,730.07
3,833,009.20 19,060.43 17,582.61 36,643.04
3,815,426.59 18,973.40 17,582.61 36,556.01
3,797,843.98 18,886.36 17,582.61 36,468.97
3,780,261.37 18,799.33 17,582.61 36,381.94
3,762,678.76 18,712.29 17,582.61 36,294.90
3,745,096.15 18,625.26 17,582.61 36,207.87
3,727,513.53 18,538.23 17,582.61 36,120.84
3,709,930.92 18,451.19 17,582.61 36,033.80
3,692,348.31 18,364.16 17,582.61 35,946.77
3,674,765.70 18,277.12 17,582.61 35,859.74
3,657,183.09 18,190.09 17,582.61 35,772.70
3,639,600.48 18,103.06 17,582.61 35,685.67
3,622,017.87 18,016.02 17,582.61 35,598.63
3,604,435.26 17,928.99 17,582.61 35,511.60
3,586,852.65 17,841.95 17,582.61 35,424.57
3,569,270.04 17,754.92 17,582.61 35,337.53
3,551,687.42 17,667.89 17,582.61 35,250.50
3,534,104.81 17,580.85 17,582.61 35,163.46
3,516,522.20 17,493.82 17,582.61 35,076.43
3,498,939.59 17,406.78 17,582.61 34,989.40
3,481,356.98 17,319.75 17,582.61 34,902.36
3,463,774.37 17,232.72 17,582.61 34,815.33
3,446,191.76 17,145.68 17,582.61 34,728.29
3,428,609.15 17,058.65 17,582.61 34,641.26
3,411,026.54 16,971.62 17,582.61 34,554.23
3,393,443.93 16,884.58 17,582.61 34,467.19
3,375,861.31 16,797.55 17,582.61 34,380.16
3,358,278.70 16,710.51 17,582.61 34,293.12
3,340,696.09 16,623.48 17,582.61 34,206.09
3,323,113.48 16,536.45 17,582.61 34,119.06
3,305,530.87 16,449.41 17,582.61 34,032.02
3,287,948.26 16,362.38 17,582.61 33,944.99
3,270,365.65 16,275.34 17,582.61 33,857.95
3,252,783.04 16,188.31 17,582.61 33,770.92
3,235,200.43 16,101.28 17,582.61 33,683.89
3,217,617.82 16,014.24 17,582.61 33,596.85
3,200,035.20 15,927.21 17,582.61 33,509.82
3,182,452.59 15,840.17 17,582.61 33,422.79
3,164,869.98 15,753.14 17,582.61 33,335.75
3,147,287.37 15,666.11 17,582.61 33,248.72
3,129,704.76 15,579.07 17,582.61 33,161.68
3,112,122.15 15,492.04 17,582.61 33,074.65
3,094,539.54 15,405.00 17,582.61 32,987.62
3,076,956.93 15,317.97 17,582.61 32,900.58
3,059,374.32 15,230.94 17,582.61 32,813.55
3,041,791.71 15,143.90 17,582.61 32,726.51
3,024,209.09 15,056.87 17,582.61 32,639.48
3,006,626.48 14,969.84 17,582.61 32,552.45
2,989,043.87 14,882.80 17,582.61 32,465.41
2,971,461.26 14,795.77 17,582.61 32,378.38
2,953,878.65 14,708.73 17,582.61 32,291.34
2,936,296.04 14,621.70 17,582.61 32,204.31
2,918,713.43 14,534.67 17,582.61 32,117.28
2,901,130.82 14,447.63 17,582.61 32,030.24
2,883,548.21 14,360.60 17,582.61 31,943.21
2,865,965.60 14,273.56 17,582.61 31,856.17
2,848,382.98 14,186.53 17,582.61 31,769.14
2,830,800.37 14,099.50 17,582.61 31,682.11
2,813,217.76 14,012.46 17,582.61 31,595.07
2,795,635.15 13,925.43 17,582.61 31,508.04
2,778,052.54 13,838.39 17,582.61 31,421.01
2,760,469.93 13,751.36 17,582.61 31,333.97
2,742,887.32 13,664.33 17,582.61 31,246.94
2,725,304.71 13,577.29 17,582.61 31,159.90
2,707,722.10 13,490.26 17,582.61 31,072.87
2,690,139.48 13,403.22 17,582.61 30,985.84
2,672,556.87 13,316.19 17,582.61 30,898.80
2,654,974.26 13,229.16 17,582.61 30,811.77
2,637,391.65 13,142.12 17,582.61 30,724.73
2,619,809.04 13,055.09 17,582.61 30,637.70
2,602,226.43 12,968.05 17,582.61 30,550.67
2,584,643.82 12,881.02 17,582.61 30,463.63
2,567,061.21 12,793.99 17,582.61 30,376.60
2,549,478.60 12,706.95 17,582.61 30,289.56
2,531,895.99 12,619.92 17,582.61 30,202.53
2,514,313.37 12,532.89 17,582.61 30,115.50
2,496,730.76 12,445.85 17,582.61 30,028.46
2,479,148.15 12,358.82 17,582.61 29,941.43
2,461,565.54 12,271.78 17,582.61 29,854.39
2,443,982.93 12,184.75 17,582.61 29,767.36
2,426,400.32 12,097.72 17,582.61 29,680.33
2,408,817.71 12,010.68 17,582.61 29,593.29
2,391,235.10 11,923.65 17,582.61 29,506.26
2,373,652.49 11,836.61 17,582.61 29,419.22
2,356,069.88 11,749.58 17,582.61 29,332.19
2,338,487.26 11,662.55 17,582.61 29,245.16
2,320,904.65 11,575.51 17,582.61 29,158.12
2,303,322.04 11,488.48 17,582.61 29,071.09
2,285,739.43 11,401.44 17,582.61 28,984.06
2,268,156.82 11,314.41 17,582.61 28,897.02
2,250,574.21 11,227.38 17,582.61 28,809.99
2,232,991.60 11,140.34 17,582.61 28,722.95
2,215,408.99 11,053.31 17,582.61 28,635.92
2,197,826.38 10,966.27 17,582.61 28,548.89
2,180,243.77 10,879.24 17,582.61 28,461.85
2,162,661.15 10,792.21 17,582.61 28,374.82
2,145,078.54 10,705.17 17,582.61 28,287.78
2,127,495.93 10,618.14 17,582.61 28,200.75
2,109,913.32 10,531.10 17,582.61 28,113.72
2,092,330.71 10,444.07 17,582.61 28,026.68
2,074,748.10 10,357.04 17,582.61 27,939.65
2,057,165.49 10,270.00 17,582.61 27,852.61
2,039,582.88 10,182.97 17,582.61 27,765.58
2,022,000.27 10,095.94 17,582.61 27,678.55
2,004,417.66 10,008.90 17,582.61 27,591.51
1,986,835.04 9,921.87 17,582.61 27,504.48
1,969,252.43 9,834.83 17,582.61 27,417.44
1,951,669.82 9,747.80 17,582.61 27,330.41
1,934,087.21 9,660.77 17,582.61 27,243.38
1,916,504.60 9,573.73 17,582.61 27,156.34
1,898,921.99 9,486.70 17,582.61 27,069.31
1,881,339.38 9,399.66 17,582.61 26,982.27
1,863,756.77 9,312.63 17,582.61 26,895.24
1,846,174.16 9,225.60 17,582.61 26,808.21
1,828,591.55 9,138.56 17,582.61 26,721.17
1,811,008.93 9,051.53 17,582.61 26,634.14
1,793,426.32 8,964.49 17,582.61 26,547.11
1,775,843.71 8,877.46 17,582.61 26,460.07
1,758,261.10 8,790.43 17,582.61 26,373.04
1,740,678.49 8,703.39 17,582.61 26,286.00
1,723,095.88 8,616.36 17,582.61 26,198.97
1,705,513.27 8,529.32 17,582.61 26,111.94
1,687,930.66 8,442.29 17,582.61 26,024.90
1,670,348.05 8,355.26 17,582.61 25,937.87
1,652,765.44 8,268.22 17,582.61 25,850.83
1,635,182.82 8,181.19 17,582.61 25,763.80
1,617,600.21 8,094.15 17,582.61 25,676.77
1,600,017.60 8,007.12 17,582.61 25,589.73
1,582,434.99 7,920.09 17,582.61 25,502.70
1,564,852.38 7,833.05 17,582.61 25,415.66
1,547,269.77 7,746.02 17,582.61 25,328.63
1,529,687.16 7,658.99 17,582.61 25,241.60
1,512,104.55 7,571.95 17,582.61 25,154.56
1,494,521.94 7,484.92 17,582.61 25,067.53
1,476,939.33 7,397.88 17,582.61 24,980.49
1,459,356.71 7,310.85 17,582.61 24,893.46
1,441,774.10 7,223.82 17,582.61 24,806.43
1,424,191.49 7,136.78 17,582.61 24,719.39
1,406,608.88 7,049.75 17,582.61 24,632.36
1,389,026.27 6,962.71 17,582.61 24,545.32
1,371,443.66 6,875.68 17,582.61 24,458.29
1,353,861.05 6,788.65 17,582.61 24,371.26
1,336,278.44 6,701.61 17,582.61 24,284.22
1,318,695.83 6,614.58 17,582.61 24,197.19
1,301,113.21 6,527.54 17,582.61 24,110.16
1,283,530.60 6,440.51 17,582.61 24,023.12
1,265,947.99 6,353.48 17,582.61 23,936.09
1,248,365.38 6,266.44 17,582.61 23,849.05
1,230,782.77 6,179.41 17,582.61 23,762.02
1,213,200.16 6,092.37 17,582.61 23,674.99
1,195,617.55 6,005.34 17,582.61 23,587.95
1,178,034.94 5,918.31 17,582.61 23,500.92
1,160,452.33 5,831.27 17,582.61 23,413.88
1,142,869.72 5,744.24 17,582.61 23,326.85
1,125,287.10 5,657.21 17,582.61 23,239.82
1,107,704.49 5,570.17 17,582.61 23,152.78
1,090,121.88 5,483.14 17,582.61 23,065.75
1,072,539.27 5,396.10 17,582.61 22,978.71
1,054,956.66 5,309.07 17,582.61 22,891.68
1,037,374.05 5,222.04 17,582.61 22,804.65
1,019,791.44 5,135.00 17,582.61 22,717.61
1,002,208.83 5,047.97 17,582.61 22,630.58
984,626.22 4,960.93 17,582.61 22,543.54
967,043.61 4,873.90 17,582.61 22,456.51
949,460.99 4,786.87 17,582.61 22,369.48
931,878.38 4,699.83 17,582.61 22,282.44
914,295.77 4,612.80 17,582.61 22,195.41
896,713.16 4,525.76 17,582.61 22,108.38
879,130.55 4,438.73 17,582.61 22,021.34
861,547.94 4,351.70 17,582.61 21,934.31
843,965.33 4,264.66 17,582.61 21,847.27
826,382.72 4,177.63 17,582.61 21,760.24
808,800.11 4,090.59 17,582.61 21,673.21
791,217.50 4,003.56 17,582.61 21,586.17
773,634.88 3,916.53 17,582.61 21,499.14
756,052.27 3,829.49 17,582.61 21,412.10
738,469.66 3,742.46 17,582.61 21,325.07
720,887.05 3,655.42 17,582.61 21,238.04
703,304.44 3,568.39 17,582.61 21,151.00
685,721.83 3,481.36 17,582.61 21,063.97
668,139.22 3,394.32 17,582.61 20,976.93
650,556.61 3,307.29 17,582.61 20,889.90
632,974.00 3,220.26 17,582.61 20,802.87
615,391.39 3,133.22 17,582.61 20,715.83
597,808.77 3,046.19 17,582.61 20,628.80
580,226.16 2,959.15 17,582.61 20,541.76
562,643.55 2,872.12 17,582.61 20,454.73
545,060.94 2,785.09 17,582.61 20,367.70
527,478.33 2,698.05 17,582.61 20,280.66
509,895.72 2,611.02 17,582.61 20,193.63
492,313.11 2,523.98 17,582.61 20,106.59
474,730.50 2,436.95 17,582.61 20,019.56
457,147.89 2,349.92 17,582.61 19,932.53
439,565.28 2,262.88 17,582.61 19,845.49
421,982.66 2,175.85 17,582.61 19,758.46
404,400.05 2,088.81 17,582.61 19,671.43
386,817.44 2,001.78 17,582.61 19,584.39
369,234.83 1,914.75 17,582.61 19,497.36
351,652.22 1,827.71 17,582.61 19,410.32
334,069.61 1,740.68 17,582.61 19,323.29
316,487.00 1,653.64 17,582.61 19,236.26
298,904.39 1,566.61 17,582.61 19,149.22
281,321.78 1,479.58 17,582.61 19,062.19
263,739.17 1,392.54 17,582.61 18,975.15
246,156.55 1,305.51 17,582.61 18,888.12
228,573.94 1,218.47 17,582.61 18,801.09
210,991.33 1,131.44 17,582.61 18,714.05
193,408.72 1,044.41 17,582.61 18,627.02
175,826.11 957.37 17,582.61 18,539.98
158,243.50 870.34 17,582.61 18,452.95
140,660.89 783.31 17,582.61 18,365.92
123,078.28 696.27 17,582.61 18,278.88
105,495.67 609.24 17,582.61 18,191.85
87,913.06 522.20 17,582.61 18,104.81
70,330.44 435.17 17,582.61 18,017.78
52,747.83 348.14 17,582.61 17,930.75
35,165.22 261.10 17,582.61 17,843.71
17,582.61 174.07 17,582.61 17,756.68
0.00 87.03 17,582.61 17,669.64
Balance de personal
(balance de la maquinaria)
No contamos con activos intangibles en la empresa debido

a que a que no contamos con por ejemplo marcas
registradas
TABLA DE AMORTIZACIÓN
Condiciones del Préstamo
MONTO 4,219,826.64
TASA 5.94% Anual 0.50%
PLAZO 20 Años 240
N CAPITAL INTERES AMORT.

0 4,219,826.64 0.00 0.00
1 4,008,835.31 250,657.70 210,991.33
2 3,797,843.98 238,124.82 210,991.33
3 3,586,852.65 225,591.93 210,991.33
4 3,375,861.31 213,059.05 210,991.33
5 3,164,869.98 200,526.16 210,991.33
6 2,953,878.65 187,993.28 210,991.33
7 2,742,887.32 175,460.39 210,991.33
8 2,531,895.99 162,927.51 210,991.33
9 2,320,904.65 150,394.62 210,991.33
10 2,109,913.32 137,861.74 210,991.33
11 1,898,921.99 125,328.85 210,991.33
12 1,687,930.66 112,795.97 210,991.33
13 1,476,939.33 100,263.08 210,991.33
14 1,265,947.99 87,730.20 210,991.33
15 1,054,956.66 75,197.31 210,991.33
16 843,965.33 62,664.43 210,991.33
17 632,974.00 50,131.54 210,991.33
18 421,982.66 37,598.66 210,991.33
19 210,991.33 25,065.77 210,991.33
20 0.00 12,532.89 210,991.33
mensual
meses
CUOTA
0.00
461,649.03
449,116.15
436,583.26
424,050.38
411,517.49
398,984.61
386,451.72
373,918.84
361,385.95
348,853.07
336,320.18
323,787.30
311,254.41
298,721.53
286,188.64
273,655.76
261,122.87
248,589.99
236,057.10
223,524.22
Recart Hojas Bond
GASTOS Jan-15 Feb-15
Gastos Administrativos 10,210.00 10,210.00
Servicios Básicos 3,700.00 3,700.00
Mantenimiento 2,000.00 2,000.00
Papeleria 700.00 700.00
Combustibles y lubricantes 2,860.00 2,860.00
Pasajes y Viáticos 780.00 780.00
Servicios Profesionales 100.00 100.00
Gastos Judiciales 70.00 70.00
Gastos Comerciales 50% 2,816.67 2,816.67
Publicidad 1,666.67 1,666.67
Promoción 650.00 650.00
Otros Gastos Comericales 500.00 500.00
Gastos de distribución 50% 13,080.00 13,080.00
Combustibles y Lubricantes 8,580.00 8,580.00
Mantenimiento 4,500.00 4,500.00
Gastos Administrativos
Electricidad y Agua utilizada mensualmente
Servicios Basicos
3.000
Mantenimiento Costo de mantenimiento 4000
Papelera Material de escritorio 700
Combustibles y lubricantes Gasolina y Aceites 2860
Pasajes y Viaticos Pasajes de representantes 780
Servicios Profesionales Auditorias y demas 200
Gastos Judiciales Pago de contratos al notario 70
Gatoss Comerciales
Publicidad Gasto de publicidad 1666,67
Promosion Gastos en las promociones 650
Otros Gastos Comericales 500 otros
Gastos de distribucion
Gasto del conbustible para distribución a
Combustibles y Lubricantes
diferentes lugares 8580
Mantenimiento Mantenimiento 4500
10,210.00 10,210.00 10,210.00 10,210.00 10,210.00 10,210.00
3,700.00 3,700.00 3,700.00 3,700.00 3,700.00 3,700.00
2,000.00 2,000.00 2,000.00 2,000.00 2,000.00 2,000.00
700.00 700.00 700.00 700.00 700.00 700.00
2,860.00 2,860.00 2,860.00 2,860.00 2,860.00 2,860.00
780.00 780.00 780.00 780.00 780.00 780.00
100.00 100.00 100.00 100.00 100.00 100.00
70.00 70.00 70.00 70.00 70.00 70.00
2,816.67 2,816.67 2,816.67 2,816.67 2,816.67 2,816.67
1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67
650.00 650.00 650.00 650.00 650.00 650.00
500.00 500.00 500.00 500.00 500.00 500.00
13,080.00 13,080.00 13,080.00 13,080.00 13,080.00 13,080.00
8,580.00 8,580.00 8,580.00 8,580.00 8,580.00 8,580.00
4,500.00 4,500.00 4,500.00 4,500.00 4,500.00 4,500.00
5%
Sep-15 Oct-15 Nov-15 Dec-15 2015 2016
10,210.00 10,210.00 10,210.00 10,210.00 122,520.00 128,646.00
3,700.00 3,700.00 3,700.00 3,700.00 44,400.00 46,620.00
2,000.00 2,000.00 2,000.00 2,000.00 24,000.00 25,200.00
700.00 700.00 700.00 700.00 8,400.00 8,820.00
2,860.00 2,860.00 2,860.00 2,860.00 34,320.00 36,036.00
780.00 780.00 780.00 780.00 9,360.00 9,828.00
100.00 100.00 100.00 100.00 1,200.00 1,260.00
70.00 70.00 70.00 70.00 840.00 882.00
2,816.67 2,816.67 2,816.67 2,816.67 33,800.00 35,490.00
1,666.67 1,666.67 1,666.67 1,666.67 20,000.00 21,000.00
650.00 650.00 650.00 650.00 7,800.00 8,190.00
500.00 500.00 500.00 500.00 6,000.00 6,300.00
13,080.00 13,080.00 13,080.00 13,080.00 156,960.00 164,808.00
8,580.00 8,580.00 8,580.00 8,580.00 102,960.00 108,108.00
4,500.00 4,500.00 4,500.00 4,500.00 49,500.00 51,975.00
5% 5% 5% 5% 5% 5%
2017 2018 2019 2020 2021 2022
135,078.30 141,832.22 148,923.83 156,370.02 164,188.52 172,397.94
48,951.00 51,398.55 53,968.48 56,666.90 59,500.25 62,475.26
26,460.00 27,783.00 29,172.15 30,630.76 32,162.30 33,770.41
9,261.00 9,724.05 10,210.25 10,720.77 11,256.80 11,819.64
37,837.80 39,729.69 41,716.17 43,801.98 45,992.08 48,291.69
10,319.40 10,835.37 11,377.14 11,946.00 12,543.30 13,170.46
1,323.00 1,389.15 1,458.61 1,531.54 1,608.11 1,688.52
926.10 972.41 1,021.03 1,072.08 1,125.68 1,181.96
37,264.50 39,127.73 41,084.11 43,138.32 45,295.23 47,559.99
22,050.00 23,152.50 24,310.13 25,525.63 26,801.91 28,142.01
8,599.50 9,029.48 9,480.95 9,955.00 10,452.75 10,975.38
6,615.00 6,945.75 7,293.04 7,657.69 8,040.57 8,442.60
173,048.40 181,700.82 190,785.86 200,325.15 210,341.41 220,858.48
113,513.40 119,189.07 125,148.52 131,405.95 137,976.25 144,875.06
54,573.75 57,302.44 60,167.56 63,175.94 66,334.73 69,651.47
BALANCE DE MAQUINARIA
Nº ITEM CANTIDAD COSTO UNITARIO COSTO TOTAL VIDA ÚTIL/AÑOS DEPRECIACION
1 Hidropulper 1.00 38,571.98 38,571.98 8 4,821

2 Refinadores 1.00 55,760.00 55,760.00 8 6,970
3 Cilindros de secadores 17.00 69,700.00 1,184,900.00 8 148,113
4 Cortadora de papel 1.00 87,500.00 87,500.00 8 10,938
5 Laminadora 1.00 8,400.00 8,400.00 8 1,050
6 Disco de corte 12.00 5 60.00 8 8
7 -
8 -
9 -
10 -
11 -
12 -
INVERSIÓN BS 1,375,191.98 171,899.00

INVERSIÓN USD 197,585.05
OPCION DE MAQUINARIA NUEVA
BALANCE DE MAQUINARIA
Nº ITEM CANTIDAD COSTO UNITARIO COSTO TOTAL VIDA ÚTIL/AÑOS

1 Máquina de fabricación de 1.00 $900,000 $900,000 10
papel bond
Monto en bolivianos 1 6,273,000 6273000 10
INVERSION BS Bs6,273,000
INVERSION USD $900,000
Conclusión: Buscando mas datos sobre las piezas que requieren mantenimiento solamente encontramos seis, siendo las mas destacadas que nos
muestran el precio de las mismas. Además de buscar por diferentes páginas encontramos de referencia a una maquina nueva, donde análisamos
que nos puede ser mas conveniente, con respecto al mantenimiento de las piezas que no pudimos encontrar, observamos que puede ser mejor
invertir en una nueva maquinaria para no tener percanses con la producción
CALENDARIO DE INVERSIÓN
AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4 AÑO 5 AÑO 6 AÑO 7 AÑO 8 AÑO 9 AÑO 10
38,571.98 40,500.58
55,760.00 58,548.00
1,184,900.00 1,244,145.00
87,500.00 91,875.00
8,400.00 8,820.00
60.00 63.00
- -
- -
- -
- -
- -
- -
1,375,191.98 - - - - - - - - 1,443,951.58 -
CALENDARIO DE INVERSIÓN
AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4 AÑO 5 AÑO 6 AÑO 7 AÑO 8 AÑO 9 AÑO 10
$900,000
6273000
o las mas destacadas que nos

ina nueva, donde análisamos
rvamos que puede ser mejor
INGRESO POR VENTA DE ACTIVOS
AÑO 11 AÑO 12 AÑO 13 AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4 AÑO 5 AÑO 6
- - - - - - - - - -
INGRESO POR VENTA DE ACTIVOS
AÑO 11 AÑO 12 AÑO 13 AÑO 0 AÑO 1 AÑO 2 AÑO 3 AÑO 4 AÑO 5 AÑO 6
945,000.00
6,586,650.0
AÑO 7 AÑO 8 AÑO 9 AÑO 10 AÑO 11 AÑO 12 AÑO 13
4,821
6,970
148,113
10,938
1050
7.5
- - 171,899.00 - - - -
AÑO 7 AÑO 8 AÑO 9 AÑO 10 AÑO 11 AÑO 12 AÑO 13

90,000.00
627,300.00
COCHABAM

Producto 108,416 140,705
Costo Variable de Producción 45%

Papel reciclado 62% 399,273.50 518,188.67
Celulosa 12% 77,278.74 100,294.58
Aglutinante 15% 96,598.43 125,368.23



Margen Bruto 1,431,087.81 1,857,307.05
COCHABAMBA

129,226 96,208 106,975 85,090 117,698 106,540
24.00 24.00 24.00 24.00 24.00 24.00
3,101,424 2,308,985 2,567,410 2,042,162 2,824,750 2,556,970

475,913.44 354,313.71 393,969.04 313,369.81 433,457.83 392,367.10
92,112.28 68,576.85 76,252.07 60,652.22 83,895.06 75,942.02
115,140.35 85,721.06 95,315.09 75,815.28 104,868.83 94,927.52
84,436.25 62,862.11 69,897.73 55,597.87 76,903.81 69,613.52
767,602.32 571,473.73 635,433.94 505,435.17 699,125.53 632,850.16
5.94 5.94 5.94 5.94 5.94 5.94

418,692.17 311,712.94 346,600.33 275,691.91 381,341.20 345,191.00
3.24 3.24 3.24 3.24 3.24 3.24

209,346.09 155,856.47 173,300.17 137,845.96 190,670.60 172,595.50
1.62 1.62 1.62 1.62 1.62 1.62
1,395,640.58 1,039,043.14 1,155,334.44 918,973.04 1,271,137.32 1,150,636.65

10.80 10.80 10.80 10.80 10.80 10.80
1,705,782.93 1,269,941.62 1,412,075.43 1,123,189.27 1,553,612.28 1,406,333.69
13.2 13.2 13.2 13.2 13.2 13.2
Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20
117,215 95,239 62,701 30,577 117,025 149,314
24.00 24.00 24.00 24.00 24.00 24.00
2,813,165 2,285,734 1,504,833 733,838 2,808,594 3,583,538

431,680.14 350,745.87 230,916.68 112,607.42 430,978.72 549,893.89
83,551.00 67,886.30 44,693.55 21,794.98 83,415.24 106,431.07
104,438.74 84,857.87 55,866.94 27,243.73 104,269.05 133,038.84
76,588.41 62,229.11 40,969.09 19,978.74 76,463.97 97,561.82
696,258.30 565,719.14 372,446.26 181,624.86 695,126.97 886,925.62
5.94 5.94 5.94 5.94 5.94 5.94

379,777.25 308,574.08 203,152.51 99,068.11 379,160.16 483,777.61
3.24 3.24 3.24 3.24 3.24 3.24

189,888.63 154,287.04 101,576.25 49,534.05 189,580.08 241,888.81
1.62 1.62 1.62 1.62 1.62 1.62
1,265,924.17 1,028,580.26 677,175.02 330,227.03 1,263,867.21 1,612,592.05

10.80 10.80 10.80 10.80 10.80 10.80
1,547,240.66 1,257,153.65 827,658.36 403,610.81 1,544,726.59 1,970,945.83
13.2 13.2 13.2 13.2 13.2 13.2
137,835 104,817 115,584 93,699 126,307 115,149
24.00 24.00 24.00 24.00 24.00 24.00
3,308,039 2,515,601 2,774,026 2,248,778 3,031,366 2,763,586

507,618.66 386,018.93 425,674.26 345,075.03 465,163.05 424,072.32
98,248.77 74,713.34 82,388.57 66,788.71 90,031.56 82,078.51
122,810.97 93,391.68 102,985.71 83,485.89 112,539.45 102,598.14
90,061.37 68,487.23 75,522.85 61,222.99 82,528.93 75,238.64
818,739.77 622,611.18 686,571.40 556,572.62 750,262.98 683,987.61
5.94 5.94 5.94 5.94 5.94 5.94

446,585.33 339,606.10 374,493.49 303,585.07 409,234.35 373,084.15
3.24 3.24 3.24 3.24 3.24 3.24

223,292.66 169,803.05 187,246.74 151,792.53 204,617.18 186,542.08
1.62 1.62 1.62 1.62 1.62 1.62
1,488,617.76 1,132,020.33 1,248,311.63 1,011,950.23 1,364,114.51 1,243,613.84

10.80 10.80 10.80 10.80 10.80 10.80
1,819,421.71 1,383,580.40 1,525,714.21 1,236,828.05 1,667,251.06 1,519,972.47
13.2 13.2 13.2 13.2 13.2 13.2
125,824 103,848 71,310 39,186 125,634 157,923
24.00 24.00 24.00 24.00 24.00 24.00
3,019,781 2,492,350 1,711,449 940,454 3,015,210 3,790,154

463,385.36 382,451.09 262,621.90 144,312.64 462,683.94 581,599.11
89,687.49 74,022.79 50,830.05 27,931.48 89,551.73 112,567.57
112,109.36 92,528.49 63,537.56 34,914.35 111,939.66 140,709.46
82,213.53 67,854.23 46,594.21 25,603.85 82,089.09 103,186.94
747,395.75 616,856.59 423,583.72 232,762.32 746,264.42 938,063.08
5.94 5.94 5.94 5.94 5.94 5.94

407,670.41 336,467.23 231,045.66 126,961.26 407,053.32 511,670.77
3.24 3.24 3.24 3.24 3.24 3.24

203,835.20 168,233.62 115,522.83 63,480.63 203,526.66 255,835.38
1.62 1.62 1.62 1.62 1.62 1.62
1,358,901.36 1,121,557.44 770,152.21 423,204.21 1,356,844.40 1,705,569.23

10.80 10.80 10.80 10.80 10.80 10.80
1,660,879.44 1,370,792.43 941,297.15 517,249.60 1,658,365.38 2,084,584.62
13.2 13.2 13.2 13.2 13.2 13.2
146,444 113,426 124,193 102,308 134,916 123,758
24.00 24.00 24.00 24.00 24.00 24.00
3,514,655 2,722,217 2,980,642 2,455,394 3,237,982 2,970,202

539,323.88 417,724.15 457,379.49 376,780.25 496,868.27 455,777.54
104,385.27 80,849.84 88,525.06 72,925.21 96,168.05 88,215.01
130,481.58 101,062.30 110,656.33 91,156.51 120,210.06 110,268.76
95,686.49 74,112.35 81,147.97 66,848.11 88,154.05 80,863.76
869,877.22 673,748.63 737,708.85 607,710.08 801,400.43 735,125.06
5.94 5.94 5.94 5.94 5.94 5.94

474,478.49 367,499.25 402,386.64 331,478.22 437,127.51 400,977.31
3.24 3.24 3.24 3.24 3.24 3.24

237,239.24 183,749.63 201,193.32 165,739.11 218,563.75 200,488.65
1.62 1.62 1.62 1.62 1.62 1.62
1,581,594.95 1,224,997.52 1,341,288.81 1,104,927.41 1,457,091.69 1,336,591.03

10.80 10.80 10.80 10.80 10.80 10.80
1,933,060.49 1,497,219.19 1,639,353.00 1,350,466.84 1,780,889.85 1,633,611.25
13.2 13.2 13.2 13.2 13.2 13.2
134,433 112,457 79,919 47,795 134,243 166,532
24.00 24.00 24.00 24.00 24.00 24.00
3,226,397 2,698,966 1,918,065 1,147,070 3,221,826 3,996,770

495,090.59 414,156.31 294,327.12 176,017.86 494,389.16 613,304.33
95,823.98 80,159.29 56,966.54 34,067.97 95,688.22 118,704.06
119,779.98 100,199.11 71,208.18 42,584.97 119,610.28 148,380.08
87,838.65 73,479.35 52,219.33 31,228.97 87,714.21 108,812.06
798,533.20 667,994.05 474,721.17 283,899.77 797,401.87 989,200.53
5.94 5.94 5.94 5.94 5.94 5.94

435,563.56 364,360.39 258,938.82 154,854.42 434,946.48 539,563.93
3.24 3.24 3.24 3.24 3.24 3.24

217,781.78 182,180.19 129,469.41 77,427.21 217,473.24 269,781.96
1.62 1.62 1.62 1.62 1.62 1.62
1,451,878.55 1,214,534.63 863,129.40 516,181.40 1,449,821.59 1,798,546.42

10.80 10.80 10.80 10.80 10.80 10.80
1,774,518.23 1,484,431.22 1,054,935.93 630,888.38 1,772,004.16 2,198,223.40
13.2 13.2 13.2 13.2 13.2 13.2
155,053 122,035 132,802 110,917 143,525 132,367
24.00 24.00 24.00 24.00 24.00 24.00
3,721,271 2,928,833 3,187,258 2,662,010 3,444,598 3,176,818

571,029.10 449,429.37 489,084.71 408,485.47 528,573.49 487,482.76
110,521.76 86,986.33 94,661.56 79,061.70 102,304.55 94,351.50
138,152.20 108,732.91 118,326.95 98,827.13 127,880.68 117,939.38
101,311.61 79,737.47 86,773.09 72,473.23 93,779.17 86,488.88
921,014.68 724,886.09 788,846.30 658,847.53 852,537.89 786,262.52
5.94 5.94 5.94 5.94 5.94 5.94

502,371.64 395,392.41 430,279.80 359,371.38 465,020.66 428,870.46
3.24 3.24 3.24 3.24 3.24 3.24

251,185.82 197,696.21 215,139.90 179,685.69 232,510.33 214,435.23
1.62 1.62 1.62 1.62 1.62 1.62
1,674,572.14 1,317,974.70 1,434,266.00 1,197,904.60 1,550,068.88 1,429,568.21

10.80 10.80 10.80 10.80 10.80 10.80
2,046,699.28 1,610,857.97 1,752,991.78 1,464,105.62 1,894,528.63 1,747,250.04
13.2 13.2 13.2 13.2 13.2 13.2
Sep-22 Oct-22 Nov-22 Dec-22
143,042 121,066 88,528 56,404
24.00 24.00 24.00 24.00
3,433,013 2,905,582 2,124,681 1,353,686

526,795.81 445,861.53 326,032.35 207,723.08
101,960.48 86,295.78 63,103.03 40,204.47
127,450.60 107,869.73 78,878.79 50,255.58
93,463.77 79,104.47 57,844.45 36,854.09
849,670.65 719,131.50 525,858.62 335,037.22
5.94 5.94 5.94 5.94

463,456.72 392,253.55 286,831.98 182,747.58
3.24 3.24 3.24 3.24

231,728.36 196,126.77 143,415.99 91,373.79
1.62 1.62 1.62 1.62
1,544,855.74 1,307,511.82 956,106.58 609,158.59

10.80 10.80 10.80 10.80
1,888,157.01 1,598,070.00 1,168,574.71 744,527.16
13.2 13.2 13.2 13.2
SANTA CRU

Producto 119,257 154,776

Papel reciclado 62% 439,200.85 570,007.53
Celulosa 12% 85,006.62 110,324.04
Aglutinante 15% 106,258.27 137,905.05



Margen Bruto 1,574,196.59 2,043,037.75
SANTA CRUZ

142,149 105,828 117,673 93,599 129,468 117,194
24.00 24.00 24.00 24.00 24.00 24.00
3,411,566 2,539,883 2,824,151 2,246,379 3,107,225 2,812,667

523,504.78 389,745.08 433,365.95 344,706.79 476,803.61 431,603.81
101,323.51 75,434.53 83,877.28 66,717.44 92,284.57 83,536.22
126,654.38 94,293.17 104,846.60 83,396.80 115,355.71 104,420.28
92,879.88 69,148.32 76,887.51 61,157.66 84,594.19 76,574.87
844,362.55 628,621.10 698,977.34 555,978.69 769,038.08 696,135.17
5.94 5.94 5.94 5.94 5.94 5.94

460,561.39 342,884.24 381,260.37 303,261.10 419,475.32 379,710.10
3.24 3.24 3.24 3.24 3.24 3.24

230,280.69 171,442.12 190,630.18 151,630.55 209,737.66 189,855.05
1.62 1.62 1.62 1.62 1.62 1.62
1,535,204.63 1,142,947.46 1,270,867.88 1,010,870.34 1,398,251.05 1,265,700.32

10.80 10.80 10.80 10.80 10.80 10.80
1,876,361.22 1,396,935.78 1,553,282.97 1,235,508.20 1,708,973.51 1,546,967.05
13.2 13.2 13.2 13.2 13.2 13.2
128,937 104,763 68,972 33,634 128,727 164,245
24.00 24.00 24.00 24.00 24.00 24.00
3,094,481 2,514,307 1,655,317 807,222 3,089,453 3,941,892

474,848.16 385,820.45 254,008.35 123,868.16 474,076.59 604,883.28
91,906.10 74,674.93 49,162.91 23,974.48 91,756.76 117,074.18
114,882.62 93,343.66 61,453.63 29,968.10 114,695.95 146,342.73
84,247.25 68,452.02 45,066.00 21,976.61 84,110.36 107,318.00
765,884.13 622,291.06 409,690.89 199,787.35 764,639.66 975,618.19
5.94 5.94 5.94 5.94 5.94 5.94

417,754.98 339,431.48 223,467.76 108,974.92 417,076.18 532,155.37
3.24 3.24 3.24 3.24 3.24 3.24

208,877.49 169,715.74 111,733.88 54,487.46 208,538.09 266,077.69
1.62 1.62 1.62 1.62 1.62 1.62
1,392,516.59 1,131,438.28 744,892.52 363,249.73 1,390,253.94 1,773,851.25

10.80 10.80 10.80 10.80 10.80 10.80
1,701,964.72 1,382,869.01 910,424.20 443,971.89 1,699,199.25 2,168,040.42
13.2 13.2 13.2 13.2 13.2 13.2
151,618 115,298 127,143 103,069 138,938 126,664
24.00 24.00 24.00 24.00 24.00 24.00
3,638,843 2,767,161 3,051,428 2,473,656 3,334,502 3,039,945

558,380.52 424,620.83 468,241.69 379,582.53 511,679.35 466,479.55
108,073.65 82,184.68 90,627.42 73,467.59 99,034.71 90,286.36
135,092.06 102,730.84 113,284.28 91,834.48 123,793.39 112,857.96
99,067.51 75,335.95 83,075.14 67,345.29 90,781.82 82,762.50
900,613.75 684,872.30 755,228.53 612,229.89 825,289.28 752,386.37
5.94 5.94 5.94 5.94 5.94 5.94

491,243.86 373,566.71 411,942.84 333,943.57 450,157.79 410,392.57
3.24 3.24 3.24 3.24 3.24 3.24

245,621.93 186,783.35 205,971.42 166,971.79 225,078.89 205,196.28
1.62 1.62 1.62 1.62 1.62 1.62
1,637,479.54 1,245,222.36 1,373,142.79 1,113,145.25 1,500,525.96 1,367,975.22

10.80 10.80 10.80 10.80 10.80 10.80
2,001,363.88 1,521,938.44 1,678,285.63 1,360,510.86 1,833,976.17 1,671,969.72
13.2 13.2 13.2 13.2 13.2 13.2
138,407 114,233 78,441 43,104 138,197 173,715
24.00 24.00 24.00 24.00 24.00 24.00
3,321,759 2,741,585 1,882,594 1,034,499 3,316,731 4,169,169

509,723.90 420,696.20 288,884.09 158,743.90 508,952.33 639,759.02
98,656.24 81,425.07 55,913.05 30,724.63 98,506.90 123,824.33
123,320.30 101,781.34 69,891.31 38,405.78 123,133.63 154,780.41
90,434.89 74,639.65 51,253.63 28,164.24 90,297.99 113,505.63
822,135.32 678,542.25 465,942.09 256,038.55 820,890.86 1,031,869.39
5.94 5.94 5.94 5.94 5.94 5.94

448,437.45 370,113.96 254,150.23 139,657.39 447,758.65 562,837.85
3.24 3.24 3.24 3.24 3.24 3.24

224,218.72 185,056.98 127,075.11 69,828.70 223,879.33 281,418.92
1.62 1.62 1.62 1.62 1.62 1.62
1,494,791.50 1,233,713.19 847,167.43 465,524.64 1,492,528.84 1,876,126.16

10.80 10.80 10.80 10.80 10.80 10.80
1,826,967.39 1,507,871.67 1,035,426.86 568,974.55 1,824,201.92 2,293,043.08
13.2 13.2 13.2 13.2 13.2 13.2
161,088 124,768 136,613 112,539 148,407 136,134
24.00 24.00 24.00 24.00 24.00 24.00
3,866,121 2,994,438 3,278,706 2,700,934 3,561,780 3,267,223

593,256.27 459,496.57 503,117.43 414,458.27 546,555.09 501,355.29
114,823.79 88,934.82 97,377.57 80,217.73 105,784.86 97,036.51
143,529.74 111,168.52 121,721.96 100,272.16 132,231.07 121,295.64
105,255.14 81,523.58 89,262.77 73,532.92 96,969.45 88,950.13
956,864.94 741,123.50 811,479.73 668,481.09 881,540.48 808,637.57
5.94 5.94 5.94 5.94 5.94 5.94

521,926.33 404,249.18 442,625.31 364,626.05 480,840.26 441,075.04
3.24 3.24 3.24 3.24 3.24 3.24

260,963.17 202,124.59 221,312.65 182,313.02 240,420.13 220,537.52
1.62 1.62 1.62 1.62 1.62 1.62
1,739,754.45 1,347,497.27 1,475,417.70 1,215,420.15 1,602,800.86 1,470,250.13

10.80 10.80 10.80 10.80 10.80 10.80
2,126,366.54 1,646,941.11 1,803,288.30 1,485,513.52 1,958,978.83 1,796,972.38
13.2 13.2 13.2 13.2 13.2 13.2
147,877 123,703 87,911 52,574 147,667 183,185
24.00 24.00 24.00 24.00 24.00 24.00
3,549,036 2,968,862 2,109,872 1,261,777 3,544,008 4,396,447

544,599.64 455,571.94 323,759.84 193,619.64 543,828.08 674,634.76
105,406.38 88,175.21 62,663.19 37,474.77 105,257.05 130,574.47
131,757.98 110,219.02 78,328.99 46,843.46 131,571.31 163,218.09
96,622.52 80,827.28 57,441.26 34,351.87 96,485.63 119,693.26
878,386.52 734,793.45 522,193.29 312,289.75 877,142.06 1,088,120.58
5.94 5.94 5.94 5.94 5.94 5.94

479,119.92 400,796.43 284,832.70 170,339.86 478,441.12 593,520.32
3.24 3.24 3.24 3.24 3.24 3.24

239,559.96 200,398.21 142,416.35 85,169.93 239,220.56 296,760.16
1.62 1.62 1.62 1.62 1.62 1.62
1,597,066.40 1,335,988.09 949,442.34 567,799.54 1,594,803.75 1,978,401.06

10.80 10.80 10.80 10.80 10.80 10.80
1,951,970.05 1,632,874.34 1,160,429.52 693,977.22 1,949,204.58 2,418,045.74
13.2 13.2 13.2 13.2 13.2 13.2
170,558 134,238 146,083 122,009 157,877 145,604
24.00 24.00 24.00 24.00 24.00 24.00
4,093,399 3,221,716 3,505,984 2,928,211 3,789,057 3,494,500

628,132.01 494,372.31 537,993.18 449,334.02 581,430.84 536,231.04
121,573.94 95,684.96 104,127.71 86,967.87 112,535.00 103,786.65
151,967.42 119,606.20 130,159.64 108,709.84 140,668.75 129,733.32
111,442.78 87,711.22 95,450.40 79,720.55 103,157.08 95,137.76
1,013,116.14 797,374.70 867,730.93 724,732.28 937,791.67 864,888.77
5.94 5.94 5.94 5.94 5.94 5.94

552,608.81 434,931.65 473,307.78 395,308.52 511,522.73 471,757.51
3.24 3.24 3.24 3.24 3.24 3.24

276,304.40 217,465.83 236,653.89 197,654.26 255,761.37 235,878.76
1.62 1.62 1.62 1.62 1.62 1.62
1,842,029.35 1,449,772.17 1,577,692.60 1,317,695.06 1,705,075.77 1,572,525.04

10.80 10.80 10.80 10.80 10.80 10.80
2,251,369.21 1,771,943.77 1,928,290.96 1,610,516.19 2,083,981.50 1,921,975.04
13.2 13.2 13.2 13.2 13.2 13.2
157,346 133,173 97,381 62,044
24.00 24.00 24.00 24.00
3,776,314 3,196,140 2,337,149 1,489,054

579,475.39 490,447.68 358,635.58 228,495.39
112,156.53 94,925.36 69,413.34 44,224.91
140,195.66 118,656.70 86,766.67 55,281.14
102,810.15 87,014.91 63,628.89 40,539.50
934,637.72 791,044.65 578,444.48 368,540.95
5.94 5.94 5.94 5.94

509,802.39 431,478.90 315,515.17 201,022.33
3.24 3.24 3.24 3.24

254,901.20 215,739.45 157,757.59 100,511.17
1.62 1.62 1.62 1.62
1,699,341.31 1,438,263.00 1,051,717.24 670,074.45

10.80 10.80 10.80 10.80
2,076,972.71 1,757,877.00 1,285,432.19 818,979.88
13.2 13.2 13.2 13.2

Producto 18,069.29 23,450.85
Ingresos por Ventas 433,662.97 562,820.32

Papel Reciclado 62% 66,545.58 86,364.78
Celulosa 12% 12,879.79 16,715.76
Aglutinante 15% 16,099.74 20,894.70
Otros Componentes 11% 11,806.47 15,322.78


Costo Variable Total 195,148.34 253,269.14

Margen Bruto 433,652.17 562,809.52
Margen Bruto Unitario 13.20 13.20
OTROS DEPARTAMENTOS
Mar-19 Apr-19 May-19 Jun-19 Jul-19 Aug-19 Sep-19

21,537.66 16,034.62 17,829.24 14,181.68 19,616.32 17,756.74 19,535.87
24.00 24.00 24.00 24.00 24.00 24.00 24.00
516,903.92 384,830.79 427,901.64 340,360.38 470,791.60 426,161.72 468,860.81

79,318.91 59,052.29 65,661.51 52,228.30 72,242.97 65,394.52 71,946.69
15,352.05 11,429.47 12,708.68 10,108.70 13,982.51 12,657.00 13,925.17
19,190.06 14,286.84 15,885.85 12,635.88 17,478.14 15,821.25 17,406.46
14,072.71 10,477.02 11,649.62 9,266.31 12,817.30 11,602.25 12,764.74
127,933.72 95,245.62 105,905.66 84,239.20 116,520.92 105,475.03 116,043.05
5.94 5.94 5.94 5.94 5.94 5.94 5.94

69,782.03 51,952.16 57,766.72 45,948.65 63,556.87 57,531.83 63,296.21
3.24 3.24 3.24 3.24 3.24 3.24 3.24

34,891.01 25,976.08 28,883.36 22,974.33 31,778.43 28,765.92 31,648.10
1.62 1.62 1.62 1.62 1.62 1.62 1.62
232,606.76 173,173.86 192,555.74 153,162.17 211,856.22 191,772.78 210,987.36

10.8 10.8 10.8 10.8 10.8 10.8 10.8
516,893.12 384,819.99 427,890.84 340,349.58 470,780.80 426,150.92 468,850.01
13.20 13.20 13.20 13.20 13.20 13.20 13.20
Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20
15,873.15 10,450.23 5,096.10 19,504.12 24,885.68 22,972.50 17,469.45
24.00 24.00 24.00 24.00 24.00 24.00 24.00
380,955.65 250,805.56 122,306.31 468,098.97 597,256.31 551,339.91 419,266.79

58,457.64 38,486.11 18,767.90 71,829.79 91,648.98 84,603.11 64,336.49
11,314.38 7,448.93 3,632.50 13,902.54 17,738.51 16,374.80 12,452.22
14,142.98 9,311.16 4,540.62 17,378.17 22,173.14 20,468.49 15,565.28
10,371.52 6,828.18 3,329.79 12,743.99 16,260.30 15,010.23 11,414.54
94,286.52 62,074.38 30,270.81 115,854.49 147,820.94 136,456.63 103,768.53
5.94 5.94 5.94 5.94 5.94 5.94 5.94

51,429.01 33,858.75 16,511.35 63,193.36 80,629.60 74,430.89 56,601.02
3.24 3.24 3.24 3.24 3.24 3.24 3.24

25,714.51 16,929.38 8,255.68 31,596.68 40,314.80 37,215.44 28,300.51
1.62 1.62 1.62 1.62 1.62 1.62 1.62
171,430.04 112,862.50 55,037.84 210,644.54 268,765.34 248,102.96 188,670.05

10.8 10.8 10.8 10.8 10.8 10.8 10.8
380,944.85 250,794.76 122,295.51 468,088.17 597,245.51 551,329.11 419,255.99
13.20 13.20 13.20 13.20 13.20 13.20 13.20
May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20
19,264.07 15,616.52 21,051.15 19,191.57 20,970.70 17,307.99 11,885.06
24.00 24.00 24.00 24.00 24.00 24.00 24.00
462,337.64 374,796.38 505,227.60 460,597.72 503,296.80 415,391.65 285,241.56

70,945.71 57,512.50 77,527.17 70,678.72 77,230.89 63,741.85 43,770.32
13,731.43 11,131.45 15,005.26 13,679.75 14,947.91 12,337.13 8,471.67
17,164.28 13,914.32 18,756.57 17,099.69 18,684.89 15,421.41 10,589.59
12,587.14 10,203.83 13,754.82 12,539.77 13,702.26 11,309.04 7,765.70
114,428.57 92,762.10 125,043.83 113,997.94 124,565.96 102,809.43 70,597.29
5.94 5.94 5.94 5.94 5.94 5.94 5.94

62,415.58 50,597.51 68,205.73 62,180.69 67,945.07 56,077.87 38,507.61
3.24 3.24 3.24 3.24 3.24 3.24 3.24

31,207.79 25,298.76 34,102.86 31,090.35 33,972.53 28,038.94 19,253.81
1.62 1.62 1.62 1.62 1.62 1.62 1.62
208,051.94 168,658.37 227,352.42 207,268.97 226,483.56 186,926.24 128,358.70

10.8 10.8 10.8 10.8 10.8 10.8 10.8
462,326.84 374,785.58 505,216.80 460,586.92 503,286.00 415,380.85 285,230.76
13.20 13.20 13.20 13.20 13.20 13.20 13.20
Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21
6,530.93 20,938.96 26,320.51 24,407.33 18,904.28 20,698.90
24.00 24.00 24.00 24.00 24.00 24.00
156,742.30 502,534.96 631,692.31 585,775.91 453,702.78 496,773.64

24,052.11 77,113.99 96,933.18 89,887.31 69,620.69 76,229.91
4,655.25 14,925.29 18,761.26 17,397.54 13,474.97 14,754.18
5,819.06 18,656.61 23,451.58 21,746.93 16,843.72 18,442.72
4,267.31 13,681.51 17,197.82 15,947.75 12,352.06 13,524.66
38,793.72 124,377.40 156,343.85 144,979.54 112,291.44 122,951.47
5.94 5.94 5.94 5.94 5.94 5.94

21,160.21 67,842.22 85,278.46 79,079.75 61,249.88 67,064.44
3.24 3.24 3.24 3.24 3.24 3.24

10,580.11 33,921.11 42,639.23 39,539.87 30,624.94 33,532.22
1.62 1.62 1.62 1.62 1.62 1.62
70,534.04 226,140.73 284,261.54 263,599.16 204,166.25 223,548.14

10.8 10.8 10.8 10.8 10.8 10.8
156,731.50 502,524.16 631,681.51 585,765.11 453,691.98 496,762.84
13.20 13.20 13.20 13.20 13.20 13.20
Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21
17,051.35 22,485.98 20,626.40 22,405.53 18,742.82 13,319.90
24.00 24.00 24.00 24.00 24.00 24.00
409,232.38 539,663.59 495,033.71 537,732.80 449,827.64 319,677.55

62,796.71 82,811.38 75,962.92 82,515.10 69,026.05 49,054.52
12,154.20 16,028.01 14,702.50 15,970.66 13,359.88 9,494.42
15,192.75 20,035.01 18,378.13 19,963.33 16,699.85 11,868.03
11,141.35 14,692.34 13,477.29 14,639.78 12,246.56 8,703.22
101,285.01 133,566.74 122,520.84 133,088.87 111,332.34 79,120.19
5.94 5.94 5.94 5.94 5.94 5.94

55,246.37 72,854.58 66,829.55 72,593.93 60,726.73 43,156.47
3.24 3.24 3.24 3.24 3.24 3.24

27,623.19 36,427.29 33,414.78 36,296.96 30,363.37 21,578.23
1.62 1.62 1.62 1.62 1.62 1.62
184,154.57 242,848.62 222,765.17 241,979.76 202,422.44 143,854.90

10.8 10.8 10.8 10.8 10.8 10.8
409,221.58 539,652.79 495,022.91 537,722.00 449,816.84 319,666.75
13.20 13.20 13.20 13.20 13.20 13.20
Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22
7,965.76 22,373.79 27,755.35 25,842.16 20,339.12 22,133.73 18,486.18
24.00 24.00 24.00 24.00 24.00 24.00 24.00
191,178.30 536,970.96 666,128.30 620,211.90 488,138.78 531,209.63 443,668.37

29,336.31 82,398.19 102,217.39 95,171.52 74,904.90 81,514.12 68,080.91
5,678.00 15,948.04 19,784.01 18,420.29 14,497.72 15,776.93 13,176.95
7,097.49 19,935.05 24,730.01 23,025.37 18,122.15 19,721.16 16,471.19
5,204.83 14,619.03 18,135.34 16,885.27 13,289.58 14,462.18 12,078.87
47,316.63 132,900.31 164,866.76 153,502.45 120,814.35 131,474.38 109,807.92
5.94 5.94 5.94 5.94 5.94 5.94 5.94

25,809.07 72,491.08 89,927.32 83,728.61 65,898.74 71,713.30 59,895.23
3.24 3.24 3.24 3.24 3.24 3.24 3.24

12,904.54 36,245.54 44,963.66 41,864.30 32,949.37 35,856.65 29,947.62
1.62 1.62 1.62 1.62 1.62 1.62 1.62
86,030.23 241,636.93 299,757.74 279,095.36 219,662.45 239,044.33 199,650.77

10.8 10.8 10.8 10.8 10.8 10.8 10.8
191,167.50 536,960.16 666,117.50 620,201.10 488,127.98 531,198.83 443,657.57
13.20 13.20 13.20 13.20 13.20 13.20 13.20
23,920.82 22,061.24 23,840.37 20,177.65 14,754.73 9,400.60
24.00 24.00 24.00 24.00 24.00 24.00
574,099.59 529,469.71 572,168.79 484,263.64 354,113.55 225,614.29

88,095.58 81,247.13 87,799.30 74,310.26 54,338.72 34,620.51
17,050.76 15,725.25 16,993.41 14,382.63 10,517.17 6,700.74
21,313.45 19,656.56 21,241.77 17,978.29 13,146.47 8,375.93
15,629.86 14,414.81 15,577.30 13,184.08 9,640.74 6,142.35
142,089.65 131,043.75 141,611.78 119,855.25 87,643.10 55,839.54
5.94 5.94 5.94 5.94 5.94 5.94

77,503.44 71,478.41 77,242.79 65,375.59 47,805.33 30,457.93
3.24 3.24 3.24 3.24 3.24 3.24

38,751.72 35,739.21 38,621.39 32,687.80 23,902.66 15,228.96
1.62 1.62 1.62 1.62 1.62 1.62
258,344.81 238,261.37 257,475.96 217,918.64 159,351.10 101,526.43

10.8 10.8 10.8 10.8 10.8 10.8
574,088.79 529,458.91 572,157.99 484,252.84 354,102.75 225,603.49
13.20 13.20 13.20 13.20 13.20 13.20
ESTIMACIÓN DE VENTAS
carta 9% 12% 11%
Oficio 8% 11% 12%
Resma 7% 8% 12%
Carpeta 6% 9% 10%
VENTAS EN CANTIDADES Jan-15 Feb-15 Mar-15
LA PAZ
Papel Bond T/Carta (Paquete 500 hojas) 74,575.44 99,433.92 91,147.76
Papel Bond T/Oficio (Paquete 500 hojas) 54,412.13 74,816.68 81,618.20
Papel Bond T/Resma (Paquete 120 hojas) 54,336.53 62,098.90 93,148.34
Papel Bond T/Carpeta (Paquete 500 hojas) 41,826.51 62,739.77 69,710.85
VENTAS EN BOLIVIANOS
LA PAZ
Papel Bond T/Carta (Paquete 500 hojas) 2,088,112.32 2,784,149.76 2,552,137.28
Papel Bond T/Oficio (Paquete 500 hojas) 1,632,364.03 2,244,500.54 2,448,546.05
Papel Bond T/Resma (Paquete 120 hojas) 4,618,605.39 5,278,406.16 7,917,609.24
Papel Bond T/Carpeta (Paquete 500 hojas) 1,003,836.24 1,505,754.36 1,673,060.40
carta 9% 12% 11%

Oficio 8% 11% 12%
Resma 7% 8% 12%
Carpeta 6% 9% 10%
COCHABAMBA
COCHABAMBA
Papel Bond T/Carpeta (Paquete 500 hojas) 970,375.03 1,455,562.55 1,617,291.72
1,957,605.30
carta 9% 12% 11%

Oficio 8% 11% 12%
Resma 7% 8% 12%
Carpeta 6% 9% 10%
SANTA CRUZ
SANTA CRUZ
Papel Bond T/Carpeta (Paquete 500 hojas) 1,037,297.45 1,555,946.17 1,728,829.08
carta 9% 12% 11%

Oficio 8% 11% 12%
Resma 7% 8% 12%
Carpeta 6% 9% 10%
OTROS DEPARTAMENTOS
OTROS DEPARTAMENTOS
8% 9% 7% 10% 9%
9% 9% 7% 10% 11%
11% 10% 8% 7% 9%
10% 11% 8% 7% 10%
Apr-15 May-15 Jun-15 Jul-15 Aug-15
66,289.28 74,575.44 58,003.12 82,861.60 74,575.44

61,213.65 61,213.65 47,610.62 68,015.17 74,816.68
85,385.98 77,623.62 62,098.90 54,336.53 69,861.26
69,710.85 76,681.94 55,768.68 48,797.60 69,710.85
1,856,099.84 2,088,112.32 1,624,087.36 2,320,124.80 2,088,112.32

1,836,409.54 1,836,409.54 1,428,318.53 2,040,455.04 2,244,500.54
7,257,808.47 6,598,007.70 5,278,406.16 4,618,605.39 5,938,206.93
1,673,060.40 1,840,366.44 1,338,448.32 1,171,142.28 1,673,060.40
VENTAS EN CANTIDADES LA PAZ

200,000.00
180,000.00
160,000.00
140,000.00
120,000.00
100,000.00
80,000.00
60,000.00
40,000.00
20,000.00
-
Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun
Papel Bond T/Carta (Paquete 500 hojas) Papel Bond T/Oficio (Paquet
Papel Bond T/Resma (Paquete 120 hojas) Papel Bond T/Carpeta (Paqu
8% 9% 7% 10% 9%
9% 9% 7% 10% 11%
11% 10% 8% 7% 9%
10% 11% 8% 7% 10%
62,146.20 69,914.48 54,377.93 77,682.75 69,914.48
57,387.80 57,387.80 44,634.95 63,764.22 70,140.64
82,539.78 75,036.17 60,028.93 52,525.32 67,532.55
67,387.16 74,125.87 53,909.72 47,171.01 67,387.16
1,740,093.60 1,957,605.30 1,522,581.90 2,175,117.00 1,957,605.30

1,721,633.94 1,721,633.94 1,339,048.62 1,912,926.60 2,104,219.26
7,015,881.52 6,378,074.11 5,102,459.29 4,464,651.88 5,740,266.70
1,617,291.72 1,779,020.89 1,293,833.38 1,132,104.20 1,617,291.72
VENTAS EN CANTIDA
180000
160000
140000
120000
100000
80000
60000
40000
20000
0
Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 May-18 Oct-18
COCHABAMBA Papel Bond T/Cart

Papel Bond T/Resma (Paquete 120 hojas) Papel Bond T/Carp
8% 9% 7% 10% 9%
9% 9% 7% 10% 11%
11% 10% 8% 7% 9%
10% 11% 8% 7% 10%
68,360.82 76,905.92 59,815.72 85,451.03 76,905.92

57,387.80 57,387.80 44,634.95 63,764.22 70,140.64
82,539.78 75,036.17 60,028.93 52,525.32 67,532.55
72,034.55 79,238.00 57,627.64 50,424.18 72,034.55
VENTAS EN CANT
200,000.00
180,000.00
160,000.00
VENTAS EN CANT
200,000.00
180,000.00
160,000.00
140,000.00
120,000.00
100,000.00
80,000.00
60,000.00
40,000.00
20,000.00
-
Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 May-18
Papel Bond T/Carta (Paquete 500 hojas

Papel Bond T/Resma (Paquete 120 hoja
1,914,102.96 2,153,365.83 1,674,840.09 2,392,628.70 2,153,365.83

1,721,633.94 1,721,633.94 1,339,048.62 1,912,926.60 2,104,219.26
7,015,881.52 6,378,074.11 5,102,459.29 4,464,651.88 5,740,266.70
1,728,829.08 1,901,711.99 1,383,063.26 1,210,180.36 1,728,829.08
8% 9% 7% 10% 9%
9% 9% 7% 10% 11%
11% 10% 8% 7% 9%
10% 11% 8% 7% 10%
10,357.70 11,652.41 9,062.99 12,947.13 11,652.41

15,303.41 15,303.41 11,902.65 17,003.79 18,704.17
34,154.39 31,049.45 24,839.56 21,734.61 27,944.50
23,236.95 25,560.65 18,589.56 16,265.87 23,236.95
290,015.60 326,267.55 253,763.65 362,519.50 326,267.55

459,102.38 459,102.38 357,079.63 510,113.76 561,125.14
2,903,123.39 2,639,203.08 2,111,362.46 1,847,442.16 2,375,282.77
557,686.80 613,455.48 446,149.44 390,380.76 557,686.80
VENTAS EN CANTIDADES
60,000.00
50,000.00
40,000.00
30,000.00
20,000.00
10,000.00
0.00
Jan-15 Jun-15 Nov-15 Apr-16 Sep-16 Feb-17 Jul-17 Dec-17 May-18 Oct
Papel Bond T/Carta (Paquete 500 hojas)

Papel Bond T/Resma (Paquete 120 hojas)
10% 8% 5% 2% 9%
9% 6% 5% 3% 8%
9% 8% 6% 5% 7%
10% 9% 5% 5% 6%
Sep-15 Oct-15 Nov-15 Dec-15 Jan-16
82,861.60 66,289.28 41,430.80 16,572.32 83,394.26

61,213.65 40,809.10 34,007.58 20,404.55 60,412.03
69,861.26 62,098.90 46,574.17 38,811.81 59,984.84
69,710.85 62,739.77 34,855.43 34,855.43 46,125.97
2,320,124.80 1,856,099.84 1,160,062.40 464,024.96 2,335,039.26

1,836,409.54 1,224,273.02 1,020,227.52 612,136.51 1,812,360.96
5,938,206.93 5,278,406.16 3,958,804.62 3,299,003.85 5,098,711.49
1,673,060.40 1,505,754.36 836,530.20 836,530.20 1,107,023.33
EN CANTIDADES LA PAZ
May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun-20 Nov-20 Apr-21 Sep-21 Feb-22 Jul-22 Dec-22
00 hojas) Papel Bond T/Oficio (Paquete 500 hojas)

120 hojas) Papel Bond T/Carpeta (Paquete 500 hojas)
10% 8% 5% 2% 9%
9% 6% 5% 3% 8%
9% 8% 6% 5% 7%
10% 9% 5% 5% 6%
77,682.75 62,146.20 38,841.38 15,536.55 78,182.12
57,387.80 38,258.53 31,882.11 19,129.27 56,636.28
67,532.55 60,028.93 45,021.70 37,518.08 57,985.35
67,387.16 60,648.44 33,693.58 33,693.58 44,588.44
2,175,117.00 1,740,093.60 1,087,558.50 435,023.40 2,189,099.30

1,721,633.94 1,147,755.96 956,463.30 573,877.98 1,699,088.40
5,740,266.70 5,102,459.29 3,826,844.47 3,189,037.06 4,928,754.44
1,617,291.72 1,455,562.55 808,645.86 808,645.86 1,070,122.55
VENTAS EN CANTIDADES COCHABAMBA
6 Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun-20 Nov-20 Apr-21 Sep-21 Feb-22 Jul-22 Dec-22
Papel Bond T/Carta (Paquete 500 hojas) Papel Bond T/Oficio (Paquete 500 hojas)
(Paquete 120 hojas) Papel Bond T/Carpeta (Paquete 500 hojas)
10% 8% 5% 2% 9%
9% 6% 5% 3% 8%
9% 8% 6% 5% 7%
10% 9% 5% 5% 6%
85,451.03 68,360.82 42,725.51 17,090.21 86,000.33

57,387.80 38,258.53 31,882.11 19,129.27 56,636.28
67,532.55 60,028.93 45,021.70 37,518.08 57,985.35
72,034.55 64,831.09 36,017.27 36,017.27 47,663.50
VENTAS EN CANTIDADES SANTA CRUZ

VENTAS EN CANTIDADES SANTA CRUZ
6 Sep-16 Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun-20 Nov-20 Apr-21 Sep-21 Feb-22 Jul-22 Dec-22
Papel Bond T/Resma (Paquete 120 hojas) Papel Bond T/Carpeta (Paquete 500 hojas)
2,392,628.70 1,914,102.96 1,196,314.35 478,525.74 2,408,009.23

1,721,633.94 1,147,755.96 956,463.30 573,877.98 1,699,088.40
5,740,266.70 5,102,459.29 3,826,844.47 3,189,037.06 4,928,754.44
1,728,829.08 1,555,946.17 864,414.54 864,414.54 1,143,924.11
10% 8% 5% 2% 9%
9% 6% 5% 3% 8%
9% 8% 6% 5% 7%
10% 9% 5% 5% 6%
12,947.13 10,357.70 6,473.56 2,589.43 13,030.35

15,303.41 10,202.28 8,501.90 5,101.14 15,103.01
27,944.50 24,839.56 18,629.67 15,524.72 23,993.94
23,236.95 20,913.26 11,618.48 11,618.48 15,375.32
362,519.50 290,015.60 181,259.75 72,503.90 364,849.88

459,102.38 306,068.26 255,056.88 153,034.13 453,090.24
2,375,282.77 2,111,362.46 1,583,521.85 1,319,601.54 2,039,484.59
557,686.80 501,918.12 278,843.40 278,843.40 369,007.78
VENTAS EN CANTIDADES OTROS DEPARTAMENTOS
p-16 Feb-17 Jul-17 Dec-17 May-18 Oct-18 Mar-19 Aug-19 Jan-20 Jun-20 Nov-20 Apr-21 Sep-21 Feb-22 Jul-22 Dec-22
Papel Bond T/Resma (Paquete 120 hojas) Papel Bond T/Carpeta (Paquete 500 hojas)
12% 11% 8% 9% 7%
11% 12% 9% 9% 7%
8% 12% 11% 10% 8%
9% 10% 10% 11% 8%
111,192.35 101,926.32 74,128.23 83,394.26 64,862.20

83,066.54 90,618.05 67,963.54 67,963.54 52,860.53
68,554.10 102,831.16 94,261.89 85,692.63 68,554.10
69,188.96 76,876.62 76,876.62 84,564.28 61,501.30
3,113,385.68 2,853,936.87 2,075,590.45 2,335,039.26 1,816,141.64

2,491,996.32 2,718,541.44 2,038,906.08 2,038,906.08 1,585,815.84
5,827,098.84 8,740,648.26 8,012,260.91 7,283,873.55 5,827,098.84
1,660,534.99 1,845,038.88 1,845,038.88 2,029,542.77 1,476,031.10
12% 11% 8% 9% 7%
11% 12% 9% 9% 7%
8% 12% 11% 10% 8%
9% 10% 10% 11% 8%
104,242.82 95,555.92 69,495.22 78,182.12 60,808.31
77,874.89 84,954.42 63,715.82 63,715.82 49,556.75
66,268.97 99,403.45 91,119.83 82,836.21 66,268.97
66,882.66 74,314.07 74,314.07 81,745.47 59,451.25
2,918,799.07 2,675,565.82 1,945,866.05 2,189,099.30 1,702,632.79

2,336,246.55 2,548,632.60 1,911,474.45 1,911,474.45 1,486,702.35
5,632,862.21 8,449,293.32 7,745,185.54 7,041,077.77 5,632,862.21
1,605,183.83 1,783,537.58 1,783,537.58 1,961,891.34 1,426,830.07
eb-22 Jul-22 Dec-22
ojas)
12% 11% 8% 9% 7%
11% 12% 9% 9% 7%
8% 12% 11% 10% 8%
9% 10% 10% 11% 8%
114,667.11 105,111.51 76,444.74 86,000.33 66,889.15

77,874.89 84,954.42 63,715.82 63,715.82 49,556.75
66,268.97 99,403.45 91,119.83 82,836.21 66,268.97
71,495.26 79,439.17 79,439.17 87,383.09 63,551.34
Feb-22 Jul-22 Dec-22
3,210,678.98 2,943,122.40 2,140,452.65 2,408,009.23 1,872,896.07

2,336,246.55 2,548,632.60 1,911,474.45 1,911,474.45 1,486,702.35
5,632,862.21 8,449,293.32 7,745,185.54 7,041,077.77 5,632,862.21
1,715,886.16 1,906,540.18 1,906,540.18 2,097,194.19 1,525,232.14
12% 11% 8% 9% 7%
11% 12% 9% 9% 7%
8% 12% 11% 10% 8%
9% 10% 10% 11% 8%
17,373.80 15,925.99 11,582.54 13,030.35 10,134.72

20,766.64 22,654.51 16,990.88 16,990.88 13,215.13
27,421.64 41,132.46 37,704.76 34,277.05 27,421.64
23,062.99 25,625.54 25,625.54 28,188.09 20,500.43
486,466.51 445,927.64 324,311.01 364,849.88 283,772.13

622,999.08 679,635.36 509,726.52 509,726.52 396,453.96
2,330,839.54 3,496,259.30 3,204,904.36 2,913,549.42 2,330,839.54
553,511.66 615,012.96 615,012.96 676,514.26 492,010.37
Feb-22 Jul-22 Dec-22
10% 9% 10% 8% 5%
10% 11% 9% 6% 5%
7% 9% 9% 8% 6%
7% 10% 10% 9% 5%
92,660.29 83,394.26 92,660.29 74,128.23 46,330.14

75,515.04 83,066.54 67,963.54 45,309.02 37,757.52
59,984.84 77,123.37 77,123.37 68,554.10 51,415.58
53,813.63 76,876.62 76,876.62 69,188.96 38,438.31
2,594,488.06 2,335,039.26 2,594,488.06 2,075,590.45 1,297,244.03

2,265,451.20 2,491,996.32 2,038,906.08 1,359,270.72 1,132,725.60
5,098,711.49 6,555,486.20 6,555,486.20 5,827,098.84 4,370,324.13
1,291,527.22 1,845,038.88 1,845,038.88 1,660,534.99 922,519.44
10% 9% 10% 8% 5%
10% 11% 9% 6% 5%
7% 9% 9% 8% 6%
7% 10% 10% 9% 5%
86,869.02 78,182.12 86,869.02 69,495.22 43,434.51
70,795.35 77,874.89 63,715.82 42,477.21 35,397.68
57,985.35 74,552.59 74,552.59 66,268.97 49,701.73
52,019.85 74,314.07 74,314.07 66,882.66 37,157.03
2,432,332.56 2,189,099.30 2,432,332.56 1,945,866.05 1,216,166.28

2,123,860.50 2,336,246.55 1,911,474.45 1,274,316.30 1,061,930.25
4,928,754.44 6,336,969.99 6,336,969.99 5,632,862.21 4,224,646.66
1,248,476.31 1,783,537.58 1,783,537.58 1,605,183.83 891,768.79
10% 9% 10% 8% 5%
10% 11% 9% 6% 5%
7% 9% 9% 8% 6%
7% 10% 10% 9% 5%
95,555.92 86,000.33 95,555.92 76,444.74 47,777.96

70,795.35 77,874.89 63,715.82 42,477.21 35,397.68
57,985.35 74,552.59 74,552.59 66,268.97 49,701.73
55,607.42 79,439.17 79,439.17 71,495.26 39,719.59
2,675,565.82 2,408,009.23 2,675,565.82 2,140,452.65 1,337,782.91
2,123,860.50 2,336,246.55 1,911,474.45 1,274,316.30 1,061,930.25
4,928,754.44 6,336,969.99 6,336,969.99 5,632,862.21 4,224,646.66
1,334,578.12 1,906,540.18 1,906,540.18 1,715,886.16 953,270.09
10% 9% 10% 8% 5%
10% 11% 9% 6% 5%
7% 9% 9% 8% 6%
7% 10% 10% 9% 5%
14,478.17 13,030.35 14,478.17 11,582.54 7,239.09

18,878.76 20,766.64 16,990.88 11,327.26 9,439.38
23,993.94 30,849.35 30,849.35 27,421.64 20,566.23
17,937.88 25,625.54 25,625.54 23,062.99 12,812.77
405,388.76 364,849.88 405,388.76 324,311.01 202,694.38

566,362.80 622,999.08 509,726.52 339,817.68 283,181.40
2,039,484.59 2,622,194.48 2,622,194.48 2,330,839.54 1,748,129.65
430,509.07 615,012.96 615,012.96 553,511.66 307,506.48
2% 9% 12% 11% 8%
3% 8% 11% 12% 9%
5% 7% 8% 12% 11%
5% 6% 9% 10% 10%
Dec-16 Jan-17 Feb-17 Mar-17 Apr-17
18,532.06 93,478.72 124,638.30 114,251.77 83,092.20

22,654.51 66,303.90 91,167.86 99,455.85 74,591.88
42,846.32 66,205.48 75,663.41 113,495.11 104,037.19
38,438.31 50,343.46 75,515.19 83,905.77 83,905.77
518,897.61 2,617,404.25 3,489,872.33 3,199,049.64 2,326,581.56

679,635.36 1,989,116.93 2,735,035.78 2,983,675.39 2,237,756.54
3,641,936.78 5,627,465.97 6,431,389.68 9,647,084.52 8,843,160.81
922,519.44 1,208,243.09 1,812,364.63 2,013,738.48 2,013,738.48
2% 9% 12% 11% 8%
3% 8% 11% 12% 9%
5% 7% 8% 12% 11%
5% 6% 9% 10% 10%
17,373.80 87,636.30 116,848.40 107,111.04 77,898.94
21,238.61 62,159.90 85,469.87 93,239.86 69,929.89
41,418.10 63,998.63 73,141.29 109,711.94 100,569.28
37,157.03 48,665.35 72,998.02 81,108.91 81,108.91
486,466.51 2,453,816.48 3,271,755.31 2,999,109.04 2,181,170.21

637,158.15 1,864,797.12 2,564,096.04 2,797,195.68 2,097,896.76
3,520,538.88 5,439,883.77 6,217,010.02 9,325,515.04 8,548,388.78
891,768.79 1,167,968.32 1,751,952.48 1,946,613.86 1,946,613.86
2% 9% 12% 11% 8%
3% 8% 11% 12% 9%
5% 7% 8% 12% 11%
5% 6% 9% 10% 10%
19,111.18 96,399.93 128,533.24 117,822.14 85,688.83

21,238.61 62,159.90 85,469.87 93,239.86 69,929.89
41,418.10 63,998.63 73,141.29 109,711.94 100,569.28
39,719.59 52,021.58 78,032.37 86,702.63 86,702.63
535,113.16 2,699,198.13 3,598,930.84 3,299,019.94 2,399,287.23
637,158.15 1,864,797.12 2,564,096.04 2,797,195.68 2,097,896.76
3,520,538.88 5,439,883.77 6,217,010.02 9,325,515.04 8,548,388.78
953,270.09 1,248,517.86 1,872,776.79 2,080,863.10 2,080,863.10
2% 9% 12% 11% 8%
3% 8% 11% 12% 9%
5% 7% 8% 12% 11%
5% 6% 9% 10% 10%
2,895.63 14,606.05 19,474.73 17,851.84 12,983.16

5,663.63 16,575.97 22,791.96 24,863.96 18,647.97
17,138.53 26,482.19 30,265.36 45,398.04 41,614.87
12,812.77 16,781.15 25,171.73 27,968.59 27,968.59
81,077.75 408,969.41 545,292.55 499,851.51 363,528.37

169,908.84 497,279.23 683,758.94 745,918.85 559,439.14
1,456,774.71 2,250,986.39 2,572,555.87 3,858,833.81 3,537,264.32
307,506.48 402,747.70 604,121.54 671,246.16 671,246.16
9% 7% 10% 9% 10%
9% 7% 10% 11% 9%
10% 8% 7% 9% 9%
11% 8% 7% 10% 10%
93,478.72 72,705.67 103,865.25 93,478.72 103,865.25

74,591.88 58,015.91 82,879.87 91,167.86 74,591.88
94,579.26 75,663.41 66,205.48 85,121.33 85,121.33
92,296.35 67,124.62 58,734.04 83,905.77 83,905.77
2,617,404.25 2,035,758.86 2,908,226.94 2,617,404.25 2,908,226.94

2,237,756.54 1,740,477.31 2,486,396.16 2,735,035.78 2,237,756.54
8,039,237.10 6,431,389.68 5,627,465.97 7,235,313.39 7,235,313.39
2,215,112.33 1,610,990.78 1,409,616.94 2,013,738.48 2,013,738.48
9% 7% 10% 9% 10%
9% 7% 10% 11% 9%
10% 8% 7% 9% 9%
11% 8% 7% 10% 10%
87,636.30 68,161.57 97,373.67 87,636.30 97,373.67
69,929.89 54,389.92 77,699.88 85,469.87 69,929.89
91,426.62 73,141.29 63,998.63 82,283.96 82,283.96
89,219.80 64,887.13 56,776.24 81,108.91 81,108.91
2,453,816.48 1,908,523.93 2,726,462.76 2,453,816.48 2,726,462.76

2,097,896.76 1,631,697.48 2,330,996.40 2,564,096.04 2,097,896.76
7,771,262.53 6,217,010.02 5,439,883.77 6,994,136.28 6,994,136.28
2,141,275.25 1,557,291.09 1,362,629.70 1,946,613.86 1,946,613.86
9% 7% 10% 9% 10%
9% 7% 10% 11% 9%
10% 8% 7% 9% 9%
11% 8% 7% 10% 10%
96,399.93 74,977.73 107,111.04 96,399.93 107,111.04

69,929.89 54,389.92 77,699.88 85,469.87 69,929.89
91,426.62 73,141.29 63,998.63 82,283.96 82,283.96
95,372.89 69,362.10 60,691.84 86,702.63 86,702.63
2,699,198.13 2,099,376.33 2,999,109.04 2,699,198.13 2,999,109.04
2,097,896.76 1,631,697.48 2,330,996.40 2,564,096.04 2,097,896.76
7,771,262.53 6,217,010.02 5,439,883.77 6,994,136.28 6,994,136.28
2,288,949.41 1,664,690.48 1,456,604.17 2,080,863.10 2,080,863.10
9% 7% 10% 9% 10%
9% 7% 10% 11% 9%
10% 8% 7% 9% 9%
11% 8% 7% 10% 10%
14,606.05 11,360.26 16,228.95 14,606.05 16,228.95

18,647.97 14,503.98 20,719.97 22,791.96 18,647.97
37,831.70 30,265.36 26,482.19 34,048.53 34,048.53
30,765.45 22,374.87 19,578.01 27,968.59 27,968.59
408,969.41 318,087.32 454,410.46 408,969.41 454,410.46

559,439.14 435,119.33 621,599.04 683,758.94 559,439.14
3,215,694.84 2,572,555.87 2,250,986.39 2,894,125.36 2,894,125.36
738,370.78 536,996.93 469,872.31 671,246.16 671,246.16
8% 5% 2% 9% 12%
6% 5% 3% 8% 11%
8% 6% 5% 7% 8%
9% 5% 5% 6% 9%
Oct-17 Nov-17 Dec-17 Jan-18 Feb-18
83,092.20 51,932.62 20,773.05 105,405.09 140,540.12

49,727.92 41,439.94 24,863.96 73,124.38 100,546.02
75,663.41 56,747.56 47,289.63 72,550.49 82,914.84
75,515.19 41,952.89 41,952.89 55,541.65 83,312.47
2,326,581.56 1,454,113.47 581,645.39 2,951,342.55 3,935,123.40

1,491,837.70 1,243,198.08 745,918.85 2,193,731.33 3,016,380.58
6,431,389.68 4,823,542.26 4,019,618.55 6,166,791.23 7,047,761.40
1,812,364.63 1,006,869.24 1,006,869.24 1,332,999.50 1,999,499.26
8% 5% 2% 9% 12%
6% 5% 3% 8% 11%
8% 6% 5% 7% 8%
9% 5% 5% 6% 9%
77,898.94 48,686.84 19,474.73 98,817.27 131,756.36
46,619.93 38,849.94 23,309.96 68,554.10 94,261.89
73,141.29 54,855.97 45,713.31 70,132.14 80,151.01
72,998.02 40,554.46 40,554.46 53,690.26 80,535.39
2,181,170.21 1,363,231.38 545,292.55 2,766,883.64 3,689,178.19

1,398,597.84 1,165,498.20 699,298.92 2,056,623.12 2,827,856.79
6,217,010.02 4,662,757.52 3,885,631.27 5,961,231.52 6,812,836.02
1,751,952.48 973,306.93 973,306.93 1,288,566.19 1,932,849.28
8% 5% 2% 9% 12%
6% 5% 3% 8% 11%
8% 6% 5% 7% 8%
9% 5% 5% 6% 9%
85,688.83 53,555.52 21,422.21 108,699.00 144,932.00

46,619.93 38,849.94 23,309.96 68,554.10 94,261.89
73,141.29 54,855.97 45,713.31 70,132.14 80,151.01
78,032.37 43,351.31 43,351.31 57,393.03 86,089.55
2,399,287.23 1,499,554.52 599,821.81 3,043,572.01 4,058,096.01
1,398,597.84 1,165,498.20 699,298.92 2,056,623.12 2,827,856.79
6,217,010.02 4,662,757.52 3,885,631.27 5,961,231.52 6,812,836.02
1,872,776.79 1,040,431.55 1,040,431.55 1,377,432.82 2,066,149.23
8% 5% 2% 9% 12%
6% 5% 3% 8% 11%
8% 6% 5% 7% 8%
9% 5% 5% 6% 9%
12,983.16 8,114.47 3,245.79 16,469.55 21,959.39

12,431.98 10,359.98 6,215.99 18,281.09 25,136.50
30,265.36 22,699.02 18,915.85 29,020.19 33,165.94
25,171.73 13,984.30 13,984.30 18,513.88 27,770.82
363,528.37 227,205.23 90,882.09 461,147.27 614,863.03

372,959.42 310,799.52 186,479.71 548,432.83 754,095.14
2,572,555.87 1,929,416.90 1,607,847.42 2,466,716.49 2,819,104.56
604,121.54 335,623.08 335,623.08 444,333.17 666,499.75
11% 8% 9% 7% 10%
12% 9% 9% 7% 10%
12% 11% 10% 8% 7%
10% 10% 11% 8% 7%
128,828.44 93,693.41 105,405.09 81,981.74 117,116.77

109,686.57 82,264.92 82,264.92 63,983.83 91,405.47
124,372.26 114,007.91 103,643.55 82,914.84 72,550.49
92,569.41 92,569.41 101,826.35 74,055.53 64,798.59
3,607,196.45 2,623,415.60 2,951,342.55 2,295,488.65 3,279,269.50

3,290,596.99 2,467,947.74 2,467,947.74 1,919,514.91 2,742,164.16
10,571,642.10 9,690,671.93 8,809,701.75 7,047,761.40 6,166,791.23
2,221,665.84 2,221,665.84 2,443,832.42 1,777,332.67 1,555,166.09
11% 8% 9% 7% 10%
12% 9% 9% 7% 10%
12% 11% 10% 8% 7%
10% 10% 11% 8% 7%
120,776.67 87,837.58 98,817.27 76,857.88 109,796.97
102,831.16 77,123.37 77,123.37 59,984.84 85,692.63
120,226.52 110,207.64 100,188.77 80,151.01 70,132.14
89,483.76 89,483.76 98,432.14 71,587.01 62,638.63
3,381,746.68 2,459,452.13 2,766,883.64 2,152,020.61 3,074,315.16

3,084,934.68 2,313,701.01 2,313,701.01 1,799,545.23 2,570,778.90
10,219,254.03 9,367,649.53 8,516,045.03 6,812,836.02 5,961,231.52
2,147,610.31 2,147,610.31 2,362,371.34 1,718,088.25 1,503,327.22
11% 8% 9% 7% 10%
12% 9% 9% 7% 10%
12% 11% 10% 8% 7%
10% 10% 11% 8% 7%
132,854.33 96,621.33 108,699.00 84,543.67 120,776.67

102,831.16 77,123.37 77,123.37 59,984.84 85,692.63
120,226.52 110,207.64 100,188.77 80,151.01 70,132.14
95,655.06 95,655.06 105,220.56 76,524.05 66,958.54
3,719,921.34 2,705,397.34 3,043,572.01 2,367,222.67 3,381,746.68
3,084,934.68 2,313,701.01 2,313,701.01 1,799,545.23 2,570,778.90
10,219,254.03 9,367,649.53 8,516,045.03 6,812,836.02 5,961,231.52
2,295,721.37 2,295,721.37 2,525,293.50 1,836,577.09 1,607,004.96
11% 8% 9% 7% 10%
12% 9% 9% 7% 10%
12% 11% 10% 8% 7%
10% 10% 11% 8% 7%
20,129.44 14,639.60 16,469.55 12,809.65 18,299.50

27,421.64 20,566.23 20,566.23 15,995.96 22,851.37
49,748.90 45,603.16 41,457.42 33,165.94 29,020.19
30,856.47 30,856.47 33,942.12 24,685.18 21,599.53
563,624.45 409,908.69 461,147.27 358,670.10 512,385.86

822,649.25 616,986.94 616,986.94 479,878.73 685,541.04
4,228,656.84 3,876,268.77 3,523,880.70 2,819,104.56 2,466,716.49
740,555.28 740,555.28 814,610.81 592,444.22 518,388.70
9% 10% 8% 5% 2%
11% 9% 6% 5% 3%
9% 9% 8% 6% 5%
10% 10% 9% 5% 5%
105,405.09 117,116.77 93,693.41 58,558.38 23,423.35

100,546.02 82,264.92 54,843.28 45,702.74 27,421.64
93,279.20 93,279.20 82,914.84 62,186.13 51,821.78
92,569.41 92,569.41 83,312.47 46,284.71 46,284.71
2,951,342.55 3,279,269.50 2,623,415.60 1,639,634.75 655,853.90

3,016,380.58 2,467,947.74 1,645,298.50 1,371,082.08 822,649.25
7,928,731.58 7,928,731.58 7,047,761.40 5,285,821.05 4,404,850.88
2,221,665.84 2,221,665.84 1,999,499.26 1,110,832.92 1,110,832.92
9% 10% 8% 5% 2%
11% 9% 6% 5% 3%
9% 9% 8% 6% 5%
10% 10% 9% 5% 5%
98,817.27 109,796.97 87,837.58 54,898.49 21,959.39
94,261.89 77,123.37 51,415.58 42,846.32 25,707.79
90,169.89 90,169.89 80,151.01 60,113.26 50,094.38
89,483.76 89,483.76 80,535.39 44,741.88 44,741.88
2,766,883.64 3,074,315.16 2,459,452.13 1,537,157.58 614,863.03

2,827,856.79 2,313,701.01 1,542,467.34 1,285,389.45 771,233.67
7,664,440.52 7,664,440.52 6,812,836.02 5,109,627.02 4,258,022.51
2,147,610.31 2,147,610.31 1,932,849.28 1,073,805.16 1,073,805.16
#REF!
9% 10% 8% 5% 2%
11% 9% 6% 5% 3%
9% 9% 8% 6% 5%
10% 10% 9% 5% 5%
108,699.00 120,776.67 96,621.33 60,388.33 24,155.33

94,261.89 77,123.37 51,415.58 42,846.32 25,707.79
90,169.89 90,169.89 80,151.01 60,113.26 50,094.38
95,655.06 95,655.06 86,089.55 47,827.53 47,827.53
3,043,572.01 3,381,746.68 2,705,397.34 1,690,873.34 676,349.34
2,827,856.79 2,313,701.01 1,542,467.34 1,285,389.45 771,233.67
7,664,440.52 7,664,440.52 6,812,836.02 5,109,627.02 4,258,022.51
2,295,721.37 2,295,721.37 2,066,149.23 1,147,860.68 1,147,860.68
9% 10% 8% 5% 2%
11% 9% 6% 5% 3%
9% 9% 8% 6% 5%
10% 10% 9% 5% 5%
16,469.55 18,299.50 14,639.60 9,149.75 3,659.90

25,136.50 20,566.23 13,710.82 11,425.68 6,855.41
37,311.68 37,311.68 33,165.94 24,874.45 20,728.71
30,856.47 30,856.47 27,770.82 15,428.24 15,428.24
461,147.27 512,385.86 409,908.69 256,192.93 102,477.17

754,095.14 616,986.94 411,324.62 342,770.52 205,662.31
3,171,492.63 3,171,492.63 2,819,104.56 2,114,328.42 1,761,940.35
740,555.28 740,555.28 666,499.75 370,277.64 370,277.64
Jan-19 Feb-19 Mar-19 Apr-19 May-19
115,643.46 150,085.42 137,841.04 102,621.54 114,107.11

79,928.75 107,019.71 115,742.97 88,194.00 88,068.95
74,174.16 83,120.26 119,111.99 110,107.10 101,248.36
58,434.33 82,431.58 90,350.47 90,292.39 98,522.02
3,238,016.86 4,202,391.71 3,859,549.25 2,873,403.26 3,194,998.95

2,397,862.42 3,210,591.38 3,472,289.03 2,645,820.07 2,642,068.48
6,304,803.61 7,065,221.88 10,124,519.44 9,359,103.47 8,606,110.74
1,402,423.83 1,978,357.98 2,168,411.27 2,167,017.27 2,364,528.44

108,415.74 140,705.08 129,225.98 96,207.70 106,975.41
74,933.20 100,330.98 108,509.03 82,681.88 82,564.64
74,839.79 83,795.07 119,794.46 110,805.06 101,970.50
59,064.47 83,063.54 90,984.84 90,933.93 99,189.54
3,035,640.81 3,939,742.22 3,618,327.42 2,693,815.55 2,995,311.51

2,247,996.02 3,009,929.42 3,255,270.96 2,480,456.32 2,476,939.20
6,361,381.89 7,122,580.84 10,182,528.78 9,418,430.32 8,667,492.70
1,417,547.28 1,993,524.86 2,183,636.26 2,182,414.25 2,380,549.06
119257.317514 154775.58737352 142148.57712681 105828.46816057 117672.95223763

74933.200742118 100330.98072421 108509.03210251 82681.877217694 82564.639971598
71701.688134996 80349.582182092 115141.59366513 106436.8630027 97873.416273536
60382.137203989 85179.301989792 93362.151691703 93302.132288378 101806.08561851
3,339,204.89 4,333,716.45 3,980,160.16 2,963,197.11 3,294,842.66
2,247,996.02 3,009,929.42 3,255,270.96 2,480,456.32 2,476,939.20
6,094,643.49 6,829,714.49 9,787,035.46 9,047,133.36 8,319,240.38
1,449,171.29 2,044,303.25 2,240,691.64 2,239,251.17 2,443,346.05
18,069.29 23,450.85 21,537.66 16,034.62 17,829.24

19,982.19 26,754.93 28,935.74 22,048.50 22,017.24
29,669.66 33,248.10 47,644.80 44,042.84 40,499.34
19,478.11 27,477.19 30,116.82 30,097.46 32,840.67
90,762.77 125,544.43 113,643.13 125,029.55 101,588.17

69,857.04 97,067.66 105,911.96 87,531.28 60,297.44
83,936.97 75,854.11 92,207.14 91,915.21 83,537.47
75,141.73 67,940.72 89,883.75 89,758.28 82,304.66
2,541,357.54 3,515,243.95 3,182,007.53 3,500,827.35 2,844,468.86

2,095,711.18 2,912,029.88 3,177,358.94 2,625,938.40 1,808,923.16
7,134,642.18 6,447,599.28 7,837,606.67 7,812,792.65 7,100,684.95
1,803,401.42 1,630,577.39 2,157,209.90 2,154,198.68 1,975,311.84

85,090.10 117,697.90 106,540.43 117,215.20 95,238.91
65,490.97 91,000.93 99,292.47 82,060.57 56,528.85
84,195.24 76,257.11 92,366.80 92,066.75 83,816.02
75,392.74 68,327.27 89,929.07 89,805.05 82,469.25
2,382,522.69 3,295,541.20 2,983,132.06 3,282,025.64 2,666,689.55

1,964,729.23 2,730,028.02 2,978,774.00 2,461,817.25 1,695,865.47
7,156,595.32 6,481,854.70 7,851,178.41 7,825,673.78 7,124,361.76
1,809,425.74 1,639,854.49 2,158,297.62 2,155,321.19 1,979,262.08
93599.105784585 129467.69000265 117194.47377767 128936.72145054 104762.80393554

65490.974340408 91000.933886444 99292.466786347 82060.574949605 56528.848864412
81139.06796791 73325.638910841 89133.566103612 88851.367429334 80752.88761731
77646.449981686 70205.41557172 92879.870775147 92750.220950399 85048.148752429
2,620,774.96 3,625,095.32 3,281,445.27 3,610,228.20 2,933,358.51
1,964,729.23 2,730,028.02 2,978,774.00 2,461,817.25 1,695,865.47
6,896,820.78 6,232,679.31 7,576,353.12 7,552,366.23 6,863,995.45
1,863,514.80 1,684,929.97 2,229,116.90 2,226,005.30 2,041,155.57
14,181.68 19,616.32 17,756.74 19,535.87 15,873.15

17,464.26 24,266.92 26,477.99 21,882.82 15,074.36
33,574.79 30,341.64 36,882.85 36,766.08 33,414.99
25,047.24 22,646.91 29,961.25 29,919.43 27,434.89
Nov-19 Dec-19 Jan-20 Feb-20 Mar-20
66,881.48 32,615.01 124,826.39 159,268.35 147,023.98

51,440.80 33,634.86 86,137.19 113,228.16 121,951.41
67,068.32 58,917.94 81,270.32 90,216.42 126,208.16
52,795.24 52,808.69 64,467.98 88,465.24 96,384.12
1,872,681.54 913,220.42 3,495,138.96 4,459,513.80 4,116,671.34

1,543,223.97 1,009,045.94 2,584,115.70 3,396,844.66 3,658,542.30
5,700,806.88 5,008,024.73 6,907,977.47 7,668,395.74 10,727,693.30
1,267,085.68 1,267,408.49 1,547,231.51 2,123,165.66 2,313,218.95

62,701.39 30,576.58 117,024.74 149,314.08 137,834.98
48,225.75 31,532.69 80,753.62 106,151.40 114,329.45
67,608.68 59,602.03 82,620.04 91,575.33 127,574.71
53,420.97 53,446.79 65,703.16 89,702.22 97,623.53
1,755,638.95 856,144.14 3,276,692.78 4,180,794.19 3,859,379.38

1,446,772.47 945,980.57 2,422,608.46 3,184,541.86 3,429,883.41
5,746,737.54 5,066,172.72 7,022,703.74 7,783,902.68 10,843,850.63
1,282,103.20 1,282,722.94 1,576,875.75 2,152,853.32 2,342,964.72
68971.530090534 33634.234218711 128727.21622591 164245.48608543 151618.47583872

48225.748923571 31532.685621079 80753.61548933 106151.39547142 114329.44684972
64832.705715924 56954.006773209 78561.312408205 87209.206455301 122001.21793834
54555.0780002 54568.976779764 66616.912399498 91414.077185301 99596.926887213
1,931,202.84 941,758.56 3,604,362.05 4,598,873.61 4,245,317.32
1,446,772.47 945,980.57 2,422,608.46 3,184,541.86 3,429,883.41
5,510,779.99 4,841,090.58 6,677,711.55 7,412,782.55 10,370,103.52
1,309,321.87 1,309,655.44 1,598,805.90 2,193,937.85 2,390,326.25
10,450.23 5,096.10 19,504.12 24,885.68 22,972.50

12,860.20 8,408.72 21,534.30 28,307.04 30,487.85
26,827.33 23,567.18 32,508.13 36,086.57 50,483.26
17,598.41 17,602.90 21,489.33 29,488.41 32,128.04
111,804.48 123,290.04 99,945.70 134,727.36 122,826.06

94,402.44 94,277.39 76,065.48 103,276.11 112,120.41
117,203.26 108,344.52 91,033.13 82,950.27 99,303.30
96,326.04 104,555.67 81,175.38 73,974.38 95,917.40
3,130,525.36 3,452,121.04 2,798,479.64 3,772,366.05 3,439,129.63

2,832,073.34 2,828,321.75 2,281,964.45 3,098,283.16 3,363,612.21
9,962,277.33 9,209,284.60 7,737,816.04 7,050,773.14 8,440,780.53
2,311,824.95 2,509,336.12 1,948,209.10 1,775,385.08 2,302,017.58

104,816.70 115,584.41 93,699.09 126,306.90 115,149.43
88,502.29 88,385.05 71,311.39 96,821.35 105,112.88
118,585.32 109,750.76 91,975.50 84,037.37 100,147.06
97,572.61 105,828.23 82,031.43 74,965.96 96,567.75
2,934,867.52 3,236,363.48 2,623,574.66 3,536,593.17 3,224,184.03

2,655,068.76 2,651,551.64 2,139,341.67 2,904,640.46 3,153,386.45
10,079,752.17 9,328,814.55 7,817,917.17 7,143,176.55 8,512,500.25
2,341,742.71 2,539,877.52 1,968,754.20 1,799,182.95 2,317,626.09
115298.36687248 127142.85094953 103069.00449649 138937.58871456 126664.37248958

88502.291964906 88385.05471881 71311.38908762 96821.348633656 105112.88153356
113296.48727591 104733.04054675 87998.692241119 80185.26318405 95993.19037682
99536.907483887 108040.86081402 83881.225177196 76440.19076723 99114.645970656
3,228,354.27 3,559,999.83 2,885,932.13 3,890,252.48 3,546,602.43
2,655,068.76 2,651,551.64 2,139,341.67 2,904,640.46 3,153,386.45
9,630,201.42 8,902,308.45 7,479,888.84 6,815,747.37 8,159,421.18
2,388,885.78 2,592,980.66 2,013,149.40 1,834,564.58 2,378,751.50
17,469.45 19,264.07 15,616.52 21,051.15 19,191.57

23,600.61 23,569.35 19,016.37 25,819.03 28,030.10
46,881.31 43,337.81 36,413.25 33,180.11 39,721.32
32,108.68 34,851.89 27,058.46 24,658.13 31,972.47
134,212.48 110,771.11 76,064.42 41,797.95 134,009.32

93,739.72 66,505.88 57,649.24 39,843.31 92,345.63
99,011.37 90,633.63 74,164.48 66,014.10 88,366.49
95,791.93 88,338.31 58,828.89 58,842.34 70,501.63
3,757,949.44 3,101,590.96 2,129,803.64 1,170,342.52 3,752,261.06

2,812,191.67 1,995,176.44 1,729,477.24 1,195,299.21 2,770,368.97
8,415,966.51 7,703,858.80 6,303,980.74 5,611,198.59 7,511,151.33
2,299,006.36 2,120,119.52 1,411,893.36 1,412,216.17 1,692,039.20

125,824.20 103,847.91 71,310.39 39,185.58 125,633.74
87,880.99 62,349.26 54,046.16 37,353.10 86,574.03
99,847.01 91,596.28 75,388.93 67,382.29 90,400.30
96,443.74 89,107.94 60,059.65 60,085.47 72,341.84
3,523,077.60 2,907,741.52 1,996,690.91 1,097,196.11 3,517,744.74

2,636,429.69 1,870,477.91 1,621,384.91 1,120,593.01 2,597,220.91
8,486,995.62 7,785,683.61 6,408,059.39 5,727,494.57 7,684,025.58
2,314,649.65 2,138,590.54 1,441,431.66 1,442,051.40 1,736,204.21
138406.62016244 114232.70264745 78441.428802442 43104.132930619 138197.11493782

87880.989696817 62349.263611624 54046.163670783 37353.100368291 86574.030236542
95710.991702543 87612.511890519 71692.329989132 63813.631046418 85420.936681413
98984.996145909 91282.923947939 60789.853195709 60803.751975273 72851.687595008
3,875,385.36 3,198,515.67 2,196,360.01 1,206,915.72 3,869,519.22
2,636,429.69 1,870,477.91 1,621,384.91 1,120,593.01 2,597,220.91
8,135,434.29 7,447,063.51 6,093,848.05 5,424,158.64 7,260,779.62
2,375,639.91 2,190,790.17 1,458,956.48 1,459,290.05 1,748,440.50
20,970.70 17,307.99 11,885.06 6,530.93 20,938.96

23,434.93 16,626.47 14,412.31 9,960.83 23,086.41
39,604.55 36,253.45 29,665.79 26,405.64 35,346.59
31,930.64 29,446.10 19,609.63 19,614.11 23,500.54
168,451.28 156,206.91 120,987.41 132,472.97 109,128.63

119,436.60 128,159.85 100,610.89 100,485.83 82,273.92
97,312.58 133,304.32 124,299.43 115,440.69 98,129.29
94,498.89 102,417.78 102,359.69 110,589.33 87,209.03
4,716,635.90 4,373,793.44 3,387,647.45 3,709,243.14 3,055,601.74

3,583,097.93 3,844,795.57 3,018,326.61 3,014,575.02 2,468,217.72
8,271,569.60 11,330,867.16 10,565,451.19 9,812,458.46 8,340,989.90
2,267,973.35 2,458,026.63 2,456,632.63 2,654,143.80 2,093,016.78

157,923.08 146,443.98 113,425.70 124,193.41 102,308.09
111,971.81 120,149.86 94,322.71 94,205.47 77,131.80
99,355.58 135,354.97 126,365.58 117,531.02 99,755.75
96,340.91 104,262.22 104,211.30 112,466.92 88,670.11
4,421,846.16 4,100,431.35 3,175,919.49 3,477,415.45 2,864,626.63

3,359,154.31 3,604,495.85 2,829,681.20 2,826,164.08 2,313,954.12
8,445,224.53 11,505,172.47 10,741,074.01 9,990,136.39 8,479,239.01
2,312,181.78 2,502,293.19 2,501,071.18 2,699,205.98 2,128,082.67
173715.38479734 161088.37455063 124768.26558439 136612.74966144 112538.9032084

111971.81021863 120149.86159693 94322.706712118 94205.469466022 77131.803834832
94068.83072851 128860.84221155 120156.11154912 111592.66481995 94858.316514328
97648.852380811 105831.70208272 105771.6826794 114275.63600953 90116.000372705
4,864,030.77 4,510,474.49 3,493,511.44 3,825,156.99 3,151,089.29
3,359,154.31 3,604,495.85 2,829,681.20 2,826,164.08 2,313,954.12
7,995,850.61 10,953,171.59 10,213,269.48 9,485,376.51 8,062,956.90
2,343,572.46 2,539,960.85 2,538,520.38 2,742,615.26 2,162,784.01
26,320.51 24,407.33 18,904.28 20,698.90 17,051.35

29,859.15 32,039.96 25,152.72 25,121.46 20,568.48
38,925.03 53,321.73 49,719.77 46,176.28 39,251.72
31,499.63 34,139.26 34,119.90 36,863.11 29,069.68
143,910.29 132,008.99 143,395.41 119,954.04 85,247.35

109,484.55 118,328.85 99,948.16 72,714.32 63,857.68
90,046.44 106,399.46 106,107.53 97,729.80 81,260.64
80,008.03 101,951.05 101,825.59 94,371.97 64,862.54
4,029,488.14 3,696,251.73 4,015,071.54 3,358,713.06 2,386,925.74

3,284,536.43 3,549,865.48 2,998,444.94 2,181,429.71 1,915,730.51
7,653,947.00 9,043,954.39 9,019,140.37 8,307,032.66 6,907,154.60
1,920,192.76 2,446,825.27 2,443,814.04 2,264,927.21 1,556,701.05

134,915.90 123,758.43 134,433.20 112,456.91 79,919.39
102,641.76 110,933.30 93,701.40 68,169.68 59,866.58
91,817.63 107,927.32 107,627.26 99,376.53 83,169.19
81,604.64 103,206.44 103,082.42 95,746.63 66,698.34
3,777,645.13 3,465,235.99 3,764,129.57 3,148,793.49 2,237,742.88

3,079,252.90 3,327,998.89 2,811,042.13 2,045,090.35 1,795,997.35
7,804,498.39 9,173,822.10 9,148,317.47 8,447,005.46 7,069,381.23
1,958,511.41 2,476,954.55 2,473,978.12 2,297,919.00 1,600,760.13
148407.48742647 136134.27120149 147876.51887435 123702.60135935 87911.32751435

102641.76338087 110933.29628077 93701.404444028 68169.678358836 59866.578417995
87044.887457259 102852.81465003 102570.61597575 94472.136163728 78551.954262341
82674.965962739 105349.42116617 105219.77134142 97517.699143448 67024.628391219
4,155,409.65 3,811,759.59 4,140,542.53 3,463,672.84 2,461,517.17
3,079,252.90 3,327,998.89 2,811,042.13 2,045,090.35 1,795,997.35
7,398,815.43 8,742,489.25 8,718,502.36 8,030,131.57 6,676,916.11
1,984,199.18 2,528,386.11 2,525,274.51 2,340,424.78 1,608,591.08
22,485.98 20,626.40 22,405.53 18,742.82 13,319.90

27,371.14 29,582.21 24,987.04 18,178.58 15,964.42
36,018.57 42,559.79 42,443.01 39,091.92 32,504.26
26,669.34 33,983.68 33,941.86 31,457.32 21,620.85
50,980.88 143,192.26 177,634.21 165,389.84 130,170.34

46,051.75 98,554.07 125,645.04 134,368.29 106,819.33
73,110.26 95,462.65 104,408.75 140,400.48 131,395.59
64,875.99 76,535.29 100,532.54 108,451.43 108,393.35
1,427,464.62 4,009,383.16 4,973,758.00 4,630,915.54 3,644,769.55

1,381,552.48 2,956,622.24 3,769,351.20 4,031,048.84 3,204,579.89
6,214,372.45 8,114,325.19 8,874,743.46 11,934,041.02 11,168,625.05
1,557,023.86 1,836,846.88 2,412,781.03 2,602,834.31 2,601,440.31

47,794.57 134,242.74 166,532.08 155,052.98 122,034.69
43,173.52 92,394.44 117,792.22 125,970.28 100,143.12
75,162.55 98,180.56 107,135.84 143,135.23 134,145.83
66,724.16 78,980.53 102,979.59 110,900.90 110,849.99
1,338,248.08 3,758,796.71 4,662,898.13 4,341,483.32 3,416,971.45

1,295,205.45 2,771,833.35 3,533,766.75 3,779,108.29 3,004,293.64
6,388,816.41 8,345,347.43 9,106,546.37 12,166,494.32 11,402,395.86
1,601,379.86 1,895,532.67 2,471,510.25 2,661,621.65 2,660,399.64
52574.031642527 147667.01364973 183185.28350924 170558.27326253 134238.1642963

43173.515115503 92394.444983754 117792.22496584 125970.27634414 100143.12145933
70673.255319627 92280.560954622 100928.45500172 135720.46648476 127015.73582233
67038.527170783 79086.462790518 103883.62757632 112066.47727823 112006.45787491
1,472,072.89 4,134,676.38 5,129,187.94 4,775,631.65 3,758,668.60
1,295,205.45 2,771,833.35 3,533,766.75 3,779,108.29 3,004,293.64
6,007,226.70 7,843,847.68 8,578,918.68 11,536,239.65 10,796,337.54
1,608,924.65 1,898,075.11 2,493,207.06 2,689,595.45 2,688,154.99
7,965.76 22,373.79 27,755.35 25,842.16 20,339.12

11,512.94 24,638.52 31,411.26 33,592.07 26,704.83
29,244.11 38,185.06 41,763.50 56,160.19 52,558.24
21,625.33 25,511.76 33,510.85 36,150.48 36,131.12
141,655.90 118,311.57 153,093.22 141,191.92 152,578.34

106,694.28 88,482.37 115,692.99 124,537.29 106,156.61
122,536.85 105,225.46 97,142.60 113,495.63 113,203.70
116,622.98 93,242.69 86,041.68 107,984.71 107,859.24
3,966,365.24 3,312,723.83 4,286,610.24 3,953,373.83 4,272,193.64

3,200,828.29 2,654,470.99 3,470,789.70 3,736,118.75 3,184,698.21
10,415,632.32 8,944,163.76 8,257,120.86 9,647,128.25 9,622,314.23
2,798,951.49 2,237,824.46 2,065,000.44 2,591,632.95 2,588,621.73

132,802.41 110,917.09 143,524.90 132,367.43 143,042.20
100,025.88 82,952.22 108,462.18 116,753.71 99,521.82
125,311.27 107,536.01 99,597.89 115,707.58 115,407.52
119,105.60 95,308.80 88,243.33 109,845.13 109,721.11
3,718,467.41 3,105,678.59 4,018,697.10 3,706,287.96 4,005,181.54

3,000,776.53 2,488,566.56 3,253,865.34 3,502,611.33 2,985,654.58
10,651,458.24 9,140,560.86 8,465,820.24 9,835,143.94 9,809,639.31
2,858,534.45 2,287,411.13 2,117,839.88 2,636,283.01 2,633,306.58
146082.64837335 122008.80192031 157877.38613838 145604.1699134 157346.41758626

100025.88421323 82952.218582044 108462.17812808 116753.71102798 99521.81919124
118452.28909316 101717.94078754 93904.511730468 109712.43892324 109430.24024896
120510.41120504 96350.775568215 88909.741158249 111584.19636168 111454.54653693
4,090,314.15 3,416,246.45 4,420,566.81 4,076,916.76 4,405,699.69
3,000,776.53 2,488,566.56 3,253,865.34 3,502,611.33 2,985,654.58
10,068,444.57 8,646,024.97 7,981,883.50 9,325,557.31 9,301,570.42
2,892,249.87 2,312,418.61 2,133,833.79 2,678,020.71 2,674,909.12
22,133.73 18,486.18 23,920.82 22,061.24 23,840.37

26,673.57 22,120.59 28,923.25 31,134.32 26,539.15
49,014.74 42,090.18 38,857.04 45,398.25 45,281.48
38,874.33 31,080.90 28,680.56 35,994.90 35,953.08
Oct-22 Nov-22 Dec-22
129,136.97 94,430.28 60,163.81

78,922.77 70,066.13 52,260.19
104,825.96 88,356.81 80,206.43
100,405.62 70,896.20 70,909.65
3,615,835.15 2,644,047.84 1,684,586.72

2,367,682.98 2,101,983.78 1,567,805.76
8,910,206.52 7,510,328.46 6,817,546.31
2,409,734.89 1,701,508.73 1,701,831.54

121,065.91 88,528.39 56,403.57
73,990.09 65,686.99 48,993.93
107,156.79 90,949.45 82,942.80
102,385.31 73,337.02 73,362.85
3,389,845.46 2,478,794.85 1,579,300.05

2,219,702.79 1,970,609.79 1,469,817.90
9,108,327.30 7,730,703.08 7,050,138.26
2,457,247.47 1,760,088.59 1,760,708.32
133172.50007126 97381.226226257 62043.930354435

73990.093106047 65686.993165207 48993.929862715
101331.76043694 85411.57853555 77532.879592835
103752.47433896 73259.403586728 73273.302366292
3,728,830.00 2,726,674.33 1,737,230.05
2,219,702.79 1,970,609.79 1,469,817.90
8,613,199.64 7,259,984.18 6,590,294.77
2,490,059.38 1,758,225.69 1,758,559.26
20,177.65 14,754.73 9,400.60

19,730.69 17,516.53 13,065.05
41,930.38 35,342.72 32,082.57
33,468.54 23,632.07 23,636.55

Recart (Flujo de Caja

Cargado por

Información del documento

Título original

Derechos de autor

Formatos disponibles

Compartir este documento

Compartir o incrustar documentos

Opciones para compartir

¿Le pareció útil este documento?

¿Este contenido es inapropiado?

Copyright:

Formatos disponibles

Recart (Flujo de Caja

Cargado por

Copyright:

Formatos disponibles

FLUJO DE CAJA DEL PROYECTO

-210,991.33 -210,991.33 -210,991.33

Mes/Año Bond T/Carta Bond T/Ofic. Bond T/Resma Bond T/Carp

PRECIO PROMEDIO LUGARES DE COMPRA / CANALES

Los precios promedios se obtienen del estudio realizado en

escolar y se mantiene a lo largo del año

Estacionalidad promedio de la demanda/año

Bond T/Carta Bond T/Ofic. Bond T/Resma Bond T/Carp

Producción Nacional Importación Legal

papel reciclado en distintas presentaciones en un 75%, es

RES DE COMPRA / CANALES DE VENTA

Nº ÁREA CARGO CANTIDAD

1 Adminitrativa Gerente general 1

107,800.00 18,013.38 8,983.33 8,983.33

TOTAL MOI 92,000.00 15,373.20 7,666.67 7,666.67

VENTAS PROYECTADAS Jan-15 Feb-15

CALCULO DE MATERIA PRIMA 55% Jan-15 Feb-15

CALCULO DE MANO DE OBRA 30% Jan-15 Feb-15

CALCULO DE GIF 15% Jan-15 Feb-15

Costo Variable Total 805,414.75 1,073,886.34

VENTAS PROYECTADAS Jan-15 Feb-15

CALCULO DE MATERIA PRIMA 52% Jan-15 Feb-15

CALCULO DE MANO DE OBRA 40% Jan-15 Feb-15

CALCULO DE GIF 8% Jan-15 Feb-15

Costo Variable Total 2,513,840.61 3,456,530.84

VENTAS PROYECTADAS Jan-15 Feb-15

CALCULO DE MATERIA PRIMA 50% Jan-15 Feb-15

CALCULO DE MANO DE OBRA 35% Jan-15 Feb-15

CALCULO DE GIF 15% Jan-15 Feb-15

2016 2017 2018

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

984,395.81 715,924.22 805,414.75 626,433.70 894,905.28 805,414.75

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

2016 2017 2018

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

3,770,760.91 2,828,070.69 2,828,070.69 2,199,610.53 3,142,300.76 3,456,530.84

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

2016 2017 2018

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

894,905.28 715,924.22 447,452.64 178,981.06 8,949,052.80 900,658.00

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

2,828,070.69 1,885,380.46 1,571,150.38 942,690.23 31,423,007.62 2,791,035.88

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Sep-15 Oct-15 Nov-15 Dec-15 2015 Jan-16

Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16

Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16

Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16

1,200,877.33 1,100,804.22 800,584.89 900,658.00 700,511.78 1,000,731.11

Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16