ESTADO DE RESULTADOS

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

Ingresos operacionales - Ventas $0.00 $8,000,000.00 $8,556,531.20 $9,170,385.30 $9,799,831.38 $10,437,016.42

Costo de mercancia Vendida $0.00 $5,600,000.00 $5,989,571.84 $6,419,269.71 $6,859,881.97 $7,305,911.49

Inventario inicial $0.00 $500,000.00 $466,666.67 $499,130.99 $534,939.14 $571,656.83

Compras $500,000.00 $5,566,666.67 $6,022,036.16 $6,455,077.87 $6,896,599.66 $7,343,080.62

Inventario final $500,000.00 $466,666.67 $499,130.99 $534,939.14 $571,656.83 $608,825.96

UTILIDAD BRUTA $0.00 $2,400,000.00 $2,566,959.36 $2,751,115.59 $2,939,949.41 $3,131,104.93

Gastos administrativos $0.00 $400,000.00 $427,826.56 $458,519.27 $489,991.57 $521,850.82

Gastos operativos $0.00 $1,360,000.00 $1,454,610.30 $1,558,965.50 $1,665,971.33 $1,774,292.79

Gastos por beneficios a empleados $0.00 $47,200.00 $50,483.53 $54,105.27 $57,819.01 $61,578.40

Gastos por depreciación $0.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00 $100,000.00

UTILIDAD OPERATIVA $0.00 $492,800.00 $534,038.96 $579,525.55 $626,167.51 $673,382.92

Intereses $0.00 $55,700.00 $46,781.10 $36,868.64 $25,851.93 $13,607.95

Bonos $0.00 $75,000.00 $75,000.00 $75,000.00 $75,000.00 $75,000.00

Gastos financieros $0.00 $130,700.00 $121,781.10 $111,868.64 $100,851.93 $88,607.95

UTILIDAD ANTES DE IMPUESTOS $0.00 $362,100.00 $412,257.86 $467,656.91 $525,315.58 $584,774.96

Impuesto sobre la renta $0.00 $119,493.00 $136,045.09 $154,326.78 $173,354.14 $192,975.74

UTILIDAD NETA DEL EJERCICIO $0.00 $242,607.00 $276,212.77 $313,330.13 $351,961.44 $391,799.23

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 VALORACIÓN DE LA EMPRESA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año 5 (Perpetuidad)



Utilidad operativa $0.00 $492,800.00 $534,038.96 $579,525.55 $626,167.51 $673,382.92

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

UODI $0.00 $330,176.00 $357,806.10 $388,282.12 $419,532.23 $451,166.55

Capital de trabajo operativo $500,000.00 $466,666.67 $499,130.99 $534,939.14 $571,656.83 $608,825.96

Inversión en capital de trabajo neto operativo KTNO $500,000.00 ($33,333.33) $32,464.32 $35,808.16 $36,717.69 $37,169.13

Flujo de caja bruto $0.00 $430,176.00 $457,806.10 $488,282.12 $519,532.23 $551,166.55

Inversión neta en KTNO $500,000.00 ($33,333.33) $32,464.32 $35,808.16 $36,717.69 $37,169.13

Inversión en activos fijos $1,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00

Flujo de caja libre FCF $1,500,000.00 $396,842.67 $490,270.42 $524,090.28 $556,249.92 $588,335.68

Factor de descuento $1.00 $0.94 $0.88 $0.83 $0.78 $1,624.71

VP FCF $1,500,000.00 $372,448.22 $431,847.88 $433,260.14 $431,578.84 $955,874,020.55

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

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

Activo Corriente $10,000,000.00 $10,429,238.08 $10,736,305.65 $11,072,645.92 $11,437,438.45 $11,330,464.70

Efectivo y equivalentes a efectivo $9,500,000.00 $9,962,571.41 $10,237,174.66 $10,537,706.78 $10,865,781.62 $10,721,638.74

Cuentas comerciales por cobrar y otras cuentas por cobrar $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Inventarios $500,000.00 $466,666.67 $499,130.99 $534,939.14 $571,656.83 $608,825.96

Activo no Corriente $1,000,000.00 $900,000.00 $800,000.00 $700,000.00 $600,000.00 $500,000.00

Propiedades, planta y equipo $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00

Depreciación $0.00 $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00

Propiedades, planta y equipo neto $1,000,000.00 $900,000.00 $800,000.00 $700,000.00 $600,000.00 $500,000.00

TOTAL ACTIVO $11,000,000.00 $11,329,238.08 $11,536,305.65 $11,772,645.92 $12,037,438.45 $11,830,464.70

Pasivo Corriente $0.00 $119,493.00 $136,045.09 $154,326.78 $173,354.14 $192,975.74

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

Proveedores y cuentas por pagar $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Impuesto sobre la renta $0.00 $119,493.00 $136,045.09 $154,326.78 $173,354.14 $192,975.74

Pasivo no corriente $1,000,000.00 $967,138.08 $881,440.79 $786,169.24 $679,972.98 $61,578.40

Pasivo por beneficio a empleados $0.00 $47,200.00 $50,483.53 $54,105.27 $57,819.01 $61,578.40

Pasivos financieros $500,000.00 $419,938.08 $330,957.25 $232,063.97 $122,153.97 ($0.00)

Títulos emitidos – bonos en circulación $500,000.00 $500,000.00 $500,000.00 $500,000.00 $500,000.00 $0.00

TOTAL PASIVO $1,000,000.00 $1,086,631.08 $1,017,485.88 $940,496.02 $853,327.12 $254,554.14

Capital emitido $10,000,000.00 $10,000,000.00 $10,000,000.00 $10,000,000.00 $10,000,000.00 $10,000,000.00

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

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

Utilidad acumulada $0.00 $0.00 $242,607.00 $518,819.77 $832,149.90 $1,184,111.34

Utilidad del periodo $0.00 $242,607.00 $276,212.77 $313,330.13 $351,961.44 $391,799.23

TOTAL PATRIMONIO $10,000,000.00 $10,242,607.00 $10,518,819.77 $10,832,149.90 $11,184,111.34 $11,575,910.56

TOTAL PASIVO Y PATRIMONIO $11,000,000.00 $11,329,238.08 $11,536,305.65 $11,772,645.92 $12,037,438.45 $11,830,464.70

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

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS