ALPINA SA

ESTADO DE LA SITUACION FINANCIERA

ACTIVOS 2018 2019

Efectivo y equivalentes de efectivo 73,918,708 39,858,861

Cuentas comerciales por cobrar y otras cuentas por

cobrar 166,604,840 175,196,309

Cuentas por cobrar a partes relacionadas 14,348,600 16,569,610

Inventarios 153,043,275 169,980,173

Gastos pagados por anticipado 4,857,216 3,920,836

Otros Activos Corrientes 3,507,259 29,245,862

Activo Corriente 416,279,898 434,771,651

Cuentas comerciales por cobrar y otras cuentas por

cobrar 45,521,862 873,134

Cuentas por cobrar a partes relacionadas 34,609,185 36,884,876

Propiedades, planta y equipo 542,446,766 496,823,128

Activos por derecho de uso 0 151,856,634

Plusvalía 28,779,989 29,022,557

Otros activos intangibles 43,809,728 63,111,496

Otros Activos No Corrientes 29,290,439 36,183,251

total Activos no corrientes 724,457,969 814,755,076

TOTAL ACTIVOS 1,140,737,867 1,249,526,727

PASIVO Y CAPITAL SOCIAL

Obligaciones financieras 74,950,084 7,928,448

Títulos emitidos 125,485,205 2,160,115

Cuentas comerciales por pagar y otras cuentas por pagar 343,465,674 369,387,450

Beneficios a los empleados 33,237,100 31,281,501

Pasivos por impuestos 35,688,789 30,843,086

Otros Pasivo Corrientes 9,763,318 33,453,567

Total Pasivo Corriente 622,590,170 475,054,167

Obligaciones financieras 169,487,824 310,301,192

Títulos emitidos 138,080,000 138,080,000

Beneficios a los empleados 24,608,873 20,581,397

Otros pasivos No Corrientes 16,314,193 140,650,500

Pasivo No Corriente 348,490,890 609,613,089

TOTAL PASIVO 971,081,060 1,084,667,256

PATRIMONIO

Capital suscrito y pagado 15,658,699 15,658,699

Prima de emisión 43,388,684 43,388,684

Reservas legales y estatutarias 48,499,043 48,499,043

otro resultado integral 366,310 27,820,153

ganacias acumuladas 60,880,860 29,308,194

total de patrimonio atribuible 168,793,596 164,674,773

Participaciones no controladoras 863,211 184,698

TOTAL PATRIMONIO 169,656,807 164,859,471

TOTAL PASIVO Y PATRIMONIO 1,140,737,867 1,249,526,727

Regla contable (activo = pasivo + patrimonio) 0 0

ALPINA

INFORMACION DEL ESTADO DE RESULTADOS INTEGRALES

ESTADO DE RESULTADOS INTEGRALES 2018 2019

Ingreso de actividades ordinarias 2,094,872,345 1,982,770,329

costo de ventas 1,179,158,439 1,194,302,689

ganancia bruta 915,713,906 788,467,640

Gastos de administracion y venta 390,515,746 351,373,753

Gastos de distribucion 69,541,480 62,821,570

Gastos d beneficios a los empleados 190,960,797 184,618,230

Otros gastos 59,779,348 19,966,853

Otros ingresos 7,131,033 22,131,091

Resultados de actividades la operacion 212,047,568 191,818,325

Participacion en la utilidad neta y asociadas 66,600 526,169

Costo financiero neto 89,954,038 55,906,143

Utilidad antes de impuesto a las ganancias 122,160,130 136,438,351

Gasto por impuesto a las ganancias 22,928,637 50,991,371

Resultado neto del año/periodo 99,231,493 85,446,980

ALPINA

TABLERO DE INDICADORES FINANCIEROS INDICADORES

RATIOS DE GESTION (ACTIVIDAD) 2018 2019

29 32
Rotación de Cartera días

13 11
Veces

47 52
Rotación de Inventario en días

8 7
Veces
 106 113
Periodo de pago Proveedores días

3 3
Veces

76 84
Ciclo de Operativo días

-30 -29
Ciclo de Caja (Efectivo) dias

1.8 1.6
Rotación de Activos Totales

RATIOS DE LIQUIDEZ 2018 2019

0.67 0.92
Razón Corriente

0.55 0.83
Prueba Acida

0.12 0.08
Prueba defensiva

Capital de trabajo -206,310,272 -40,282,516

KTNO -23,817,559 -24,210,968

PKT -0.01 -0.01

RATIOS DE RENTABILIDAD 2018 2019

58.50% 51.80%
Rendimiento Patrimonio ROE

8.70% 6.80%
Rendimiento Activo ROA

212,047,568 191,818,325
EBITDA

43.70% 39.80%
Margen Bruto

10.10% 9.70%
Margen Ebitda

10.10% 9.70%
Margen Operativo

4.70% 4.30%
Margen Neto
RATIOS DE ENDEUDAMIENTO 2018 2019

DUPONT 2018 2019

ALPINA SA

Análisis Vertical Análisis Horizontal ANALISIS↑↑↓↓

2019 Vs 2020 Vs 2019 Vs
2020 2018 2019 2020
2018 2019 2018

↓
73,818,667 6.48% 3.19% 5.63% -46.08% 26.00%

↑
164,599,619 14.61% 14.02% 12.56% 5.16% -6.05%

↑
26,500,744 1.26% 1.33% 2.02% 15.48% 59.94%

↑
161,825,525 13.42% 13.60% 12.35% 11.07% -4.80%

↓
4,151,998 0.43% 0.31% 0.32% -19.28% 5.90%

36,636,748 0.31% 2.34% 2.80% 733.87% 25.27%

↑
467,533,301 36.49% 34.79% 35.68% 4.44% 7.54%

↓
7,192,078 3.99% 0.07% 0.55% -98.08% 723.71%

↓
0 3.03% 2.95% 0.00% 6.58% -100.00%

↓
491,350,509 47.55% 39.76% 37.50% -8.41% -1.10%

149,536,443 0.00% 12.15% 11.41% 0.00% -1.53%

↑
40,933,615 2.52% 2.32% 3.12% 0.84% 41.04%

↑
121,329,628 3.84% 5.05% 9.26% 44.06% 92.25%

32,463,276 2.57% 2.90% 2.48% 23.53% -10.28%

↑
842,805,549 63.51% 65.21% 64.32% 12.46% 3.44%
 ↑
1,310,338,850 100.00% 100.00% 100.00% 9.54% 4.87%

↓
24,519,936 6.57% 0.63% 1.87% -89.42% 209.27%

↓
53,553,444 11.00% 0.17% 4.09% -98.28% 2379.19%

↑
336,297,313 30.11% 29.56% 25.66% 7.55% -8.96%

↓
47,399,357 2.91% 2.50% 3.62% -5.88% 51.53%

↓
28,961,323 3.13% 2.47% 2.21% -13.58% -6.10%

38,858,213 0.86% 2.68% 2.97% 242.65% 16.16%

↓
529,589,586 54.58% 38.02% 40.42% -23.70% 11.48%

↑
359,126,897 14.86% 24.83% 27.41% 83.08% 15.73%

86,500,000 12.10% 11.05% 6.60% 0.00% -37.36%

↓
8,863,801 2.16% 1.65% 0.68% -16.37% -56.93%

147,999,474 1.43% 11.26% 11.29% 762.14% 5.22%

↑
602,490,172 30.55% 48.79% 45.98% 74.93% -1.17%

↑
1,132,079,758 85.13% 86.81% 86.40% 11.70% 4.37%

15,658,699 1.37% 1.25% 1.20% 0.00% 0.00%

43,388,684 3.80% 3.47% 3.31% 0.00% 0.00%

48,499,043 4.25% 3.88% 3.70% 0.00% 0.00%

 30,572,345 0.03% 2.23% 2.33% 7494.70% 9.89%

4,279,041 5.34% 2.35% 0.33% -51.86% -85.40%

142,397,812 14.80% 13.18% 10.87% -2.44% -13.53%

35,861,280 0.08% 0.01% 2.74% -78.60% 19316.17%

178,259,092 14.87% 13.19% 13.60% -2.83% 8.13%

1,310,338,850 100.00% 100.00% 100.00% 9.54% 4.87%

EGRALES Análisis Vertical Análisis Horizontal ANALISIS↑↑↓↓

2019 Vs 2020 Vs 2019 Vs

2020 2018 2019 2020
2018 2019 2018

↓
1,971,385,866 100.00% 100.00% 100.00% -5.35% -0.57%

↑
1,175,060,537 56.29% 60.23% 59.61% 1.28% -1.61%

↓
796,325,329 43.71% 39.77% 40.39% -13.90% 1.00%

↓
368,619,820 18.64% 17.72% 18.70% -10.02% 4.91%
 ↓
63,872,654 3.32% 3.17% 3.24% -9.66% 1.67%

↑
187,266,149 9.12% 9.31% 9.50% -3.32% 1.43%

↓
33,845,490 2.85% 1.01% 1.72% -66.60% 69.51%

↑
8,669,603 0.34% 1.12% 0.44% 210.35% -60.83%

151,390,819 10.12% 9.67% 7.68% -9.54% -21.08%

↑
1,317,837 0.00% 0.03% 0.07% 690.04% 150.46%

↓
51,069,500 4.29% 2.82% 2.59% -37.85% -8.65%

↑
101,639,156 5.83% 6.88% 5.16% 11.69% -25.51%

↑
33,494,915 1.09% 2.57% 1.70% 122.39% -34.31%

↓
68,144,241 4.74% 4.31% 3.46% -13.89% -20.25%

ANALISIS

ABSOLUTO RELATIVO ANALISIS↑↑↓↓

ICADORES
2019 Vs 2020 Vs 2019 Vs 2020 Vs
2020 2018 2019 2018 2019 2018 2019

30 3.22 -1.78 11.10% -5.51% ↑ ↓

12 -1.26 0.66 -9.99% 5.83% ↓ ↑

50 4.58 -1.68 9.66% -3.24% ↑ ↓

7 -0.68 0.24 -8.81% 3.35% ↓ ↑

 104 6.57 -8.43 6.18% -7.47% ↑ ↓

3 -0.2 0.26 -5.82% 8.07% ↓ ↑

81 7.8 -3.46 10.21% -4.11% ↑ ↓

-24 1.22 4.97 -4.09% -17.33% ↓ ↓

1.5 -0.25 -0.08 -13.59% -5.19% ↓ ↓

2019 Vs 2020 Vs 2019 Vs 2020 Vs

2020 2018 2019
2018 2019 2018 2019

0.88 0.25 -0.03 36.88% -3.54% ↑ ↓

0.74 0.28 -0.09 51.17% -10.57% ↑ ↓

0.14 -0.03 0.06 -29.33% 66.13% ↓ ↑

166,027,756 -21,773,769 -80.47% 54.05% ↓ ↑

-62,056,285

-393,409 14,338,799 1.65% -59.22% ↑ ↓

-9,872,169

0 0.01 7.40% -58.99% ↑ ↓

-0.01
2019 Vs 2020 Vs 2019 Vs 2020 Vs
2020 2018 2019 2018 2019 2018 2019

38.20% -0.07 -0.14 -11.39% -26.24% ↓ ↓

5.20% -0.02 -0.02 -21.39% -23.95% ↓ ↓

151,390,819 -9.54% -21.08% ↓ ↓

-20,229,243 -40,427,506

40.40% -0.04 0.01 -9.03% 1.58% ↓ ↑

7.70% 0 -0.02 -4.43% -20.62% ↓ ↓

7.70% 0 -0.02 -4.43% -20.62% ↓ ↓

3.50% 0 -0.01 -9.02% -19.79% ↓ ↓

 2019 Vs 2020 Vs
2,018 2,019
2018 2019 2019 Vs 2020 Vs
2020 2018 2019

2019 Vs 2020 Vs 2019 Vs 2020 Vs

2,018 2,019
2020 2018 2019 2018 2019
ANALISIS↑↑↓↓
2020 Vs
2019 Estructura de Inversión

↓
 ↓

Estructura de Financiación

↓
ANALISIS↑↑↓↓

2020 Vs
2019 Estructura Economica.

↑
 ↑

Ratios de gestión
Ratios de liquidez

Ratios de rentabilidad
Ratios de Endeudamiento

ANALISIS DUPONT