ESTADO DE RESULTADOS

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

Ingresos operacionales - Ventas $0.00 $549,888,777.00 $588,142,559.62 $630,336,494.99 $673,602,161.67 $717,399,774.22

Costo de mercancia Vendida $0.00 $329,933,266.20 $352,885,535.77 $378,201,896.99 $404,161,297.00 $430,439,864.53

Inventario inicial $0.00 $5,000,000.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08

Compras $5,000,000.00 $352,427,705.05 $354,798,224.90 $380,311,593.76 $406,324,580.33 $432,629,745.16

Inventario final $5,000,000.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

UTILIDAD BRUTA $0.00 $219,955,510.80 $235,257,023.85 $252,134,597.99 $269,440,864.67 $286,959,909.69

Gastos administrativos $0.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

Gastos operativos $0.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

Gastos por beneficios a empleados $0.00 $1,924,610.72 $2,058,498.96 $2,206,177.73 $2,357,607.57 $2,510,899.21

Gastos por depreciación $0.00 $25,000,000.00 $25,000,000.00 $25,000,000.00 $25,000,000.00 $25,000,000.00

UTILIDAD OPERATIVA $0.00 $138,042,022.38 $149,384,268.93 $161,894,770.76 $174,723,040.93 $187,709,033.06

Intereses $0.00 $17,525,000.00 $14,478,173.59 $11,217,764.66 $7,728,801.05 $3,995,261.10

Bonos $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Gastos financieros $0.00 $17,525,000.00 $14,478,173.59 $11,217,764.66 $7,728,801.05 $3,995,261.10

UTILIDAD ANTES DE IMPUESTOS $0.00 $120,517,022.38 $134,906,095.33 $150,677,006.11 $166,994,239.88 $183,713,771.95

Impuesto sobre la renta $0.00 $39,770,617.39 $44,519,011.46 $49,723,412.01 $55,108,099.16 $60,625,544.74

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE RESULTADOS

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

UTILIDAD NETA DEL EJERCICIO $0.00 $80,746,404.99 $90,387,083.87 $100,953,594.09 $111,886,140.72 $123,088,227.21

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 VALORACIÓN DE LA EMPRESA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Perpetuidad 

Utilidad operativa $0.00 $138,042,022.38 $149,384,268.93 $161,894,770.76 $174,723,040.93 $187,709,033.06

Tasa de impuesto (Tx) $0.00 $0.33 $0.33 $0.33 $0.33 $0.33

UODI $0.00 $92,488,154.99 $100,087,460.18 $108,469,496.41 $117,064,437.43 $125,765,052.15

Capital de trabajo operativo $5,000,000.00 $11,997,775.54 $17,261,738.96 $18,488,155.50 $19,775,408.18 $21,084,017.10

Inversión en capital de trabajo neto

$5,000,000.00 $6,997,775.54 $5,263,963.42 $1,226,416.53 $1,287,252.69 $1,308,608.92
operativo KTNO

Flujo de caja bruto $0.00 $117,488,154.99 $125,087,460.18 $133,469,496.41 $142,064,437.43 $150,765,052.15

Inversión neta en KTNO $5,000,000.00 $6,997,775.54 $5,263,963.42 $1,226,416.53 $1,287,252.69 $1,308,608.92

Inversión en activos fijos $250,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00

Flujo de caja libre FCF $255,000,000.00 $124,485,930.53 $130,351,423.60 $134,695,912.94 $143,351,690.11 $152,073,661.06

Factor de descuento $1.00 $0.93 $0.87 $0.82 $0.76 $137.72

VP FCF $255,000,000.00 $116,282,423.58 $113,737,424.10 $109,783,186.62 $109,138,514.17 $20,943,601,513.47

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

Activo Corriente $150,000,000.00 $324,463,174.03 $398,695,817.70 $485,332,929.46 $579,697,585.45 $681,723,843.87

Efectivo y equivalentes a efectivo $145,000,000.00 $241,979,857.48 $310,474,433.75 $390,782,455.22 $478,657,261.20 $574,113,877.74

Cuentas comerciales por cobrar y otras

$0.00 $54,988,877.70 $58,814,255.96 $63,033,649.50 $67,360,216.17 $71,739,977.42
cuentas por cobrar

Inventarios $5,000,000.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

Activo no Corriente $250,000,000.00 $225,000,000.00 $200,000,000.00 $175,000,000.00 $150,000,000.00 $125,000,000.00

Propiedades, planta y equipo $250,000,000.00 $250,000,000.00 $250,000,000.00 $250,000,000.00 $250,000,000.00 $250,000,000.00

Depreciación $0.00 $25,000,000.00 $50,000,000.00 $75,000,000.00 $100,000,000.00 $125,000,000.00

Propiedades, planta y equipo neto $250,000,000.00 $225,000,000.00 $200,000,000.00 $175,000,000.00 $150,000,000.00 $125,000,000.00

TOTAL ACTIVO $400,000,000.00 $549,463,174.03 $598,695,817.70 $660,332,929.46 $729,697,585.45 $806,723,843.87

Pasivo Corriente $0.00 $110,256,158.40 $115,478,656.44 $125,785,730.77 $136,373,015.23 $147,151,493.78

Obligaciones financieras Corto plazo $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Proveedores y cuentas por pagar $0.00 $70,485,541.01 $70,959,644.98 $76,062,318.75 $81,264,916.07 $86,525,949.03

Impuesto sobre la renta $0.00 $39,770,617.39 $44,519,011.46 $49,723,412.01 $55,108,099.16 $60,625,544.74

Pasivo no corriente $250,000,000.00 $208,460,610.64 $162,083,672.39 $112,460,115.74 $59,351,346.55 $2,510,899.21

Pasivo por beneficio a empleados $0.00 $1,924,610.72 $2,058,498.96 $2,206,177.73 $2,357,607.57 $2,510,899.21

Pasivos financieros $250,000,000.00 $206,535,999.92 $160,025,173.43 $110,253,938.01 $56,993,738.98 $0.00

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

Títulos emitidos – bonos en circulación $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

TOTAL PASIVO $250,000,000.00 $318,716,769.03 $277,562,328.83 $238,245,846.51 $195,724,361.77 $149,662,392.99

Capital emitido $150,000,000.00 $150,000,000.00 $150,000,000.00 $150,000,000.00 $150,000,000.00 $150,000,000.00

Utilidad acumulada $0.00 $0.00 $80,746,404.99 $171,133,488.87 $272,087,082.96 $383,973,223.68

Utilidad del periodo $0.00 $80,746,404.99 $90,387,083.87 $100,953,594.09 $111,886,140.72 $123,088,227.21

TOTAL PATRIMONIO $150,000,000.00 $230,746,404.99 $321,133,488.87 $422,087,082.96 $533,973,223.68 $657,061,450.89

TOTAL PASIVO Y PATRIMONIO $400,000,000.00 $549,463,174.03 $598,695,817.70 $660,332,929.46 $729,697,585.45 $806,723,843.87

Cuadre $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS