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 $13,925,000.00 $11,695,275.43 $9,217,159.53 $6,462,981.53 $3,401,988.10

Bonos $0.00 $18,750,000.00 $18,750,000.00 $18,750,000.00 $18,750,000.00 $18,750,000.00

Gastos financieros $0.00 $32,675,000.00 $30,445,275.43 $27,967,159.53 $25,212,981.53 $22,151,988.10

UTILIDAD ANTES DE IMPUESTOS $0.00 $105,367,022.38 $118,938,993.50 $133,927,611.23 $149,510,059.40 $165,557,044.96

Impuesto sobre la renta $0.00 $34,771,117.39 $39,249,867.86 $44,196,111.71 $49,338,319.60 $54,633,824.84

UTILIDAD NETA DEL EJERCICIO $0.00 $70,595,904.99 $79,689,125.65 $89,731,499.52 $100,171,739.80 $110,923,220.12

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 operativo 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

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 $0.91 $0.83 $0.75 $0.68 $19.73

VP FCF $255,000,000.00 $113,202,538.28 $107,792,257.73 $101,288,957.89 $98,027,154.73 $3,000,816,992.49

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 $332,761,693.19 $420,292,356.02 $520,497,130.56 $628,687,606.02 $619,782,163.16

Efectivo y equivalentes a efectivo $145,000,000.00 $250,278,376.64 $332,070,972.08 $425,946,656.31 $527,647,281.77 $512,172,197.03

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

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 $557,761,693.19 $620,292,356.02 $695,497,130.56 $778,687,606.02 $744,782,163.16

Pasivo Corriente $0.00 $105,256,658.40 $110,209,512.84 $120,258,430.46 $130,603,235.67 $141,159,773.87

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 $34,771,117.39 $39,249,867.86 $44,196,111.71 $49,338,319.60 $54,633,824.84

Pasivo no corriente $250,000,000.00 $231,909,129.80 $209,797,812.55 $185,222,169.94 $157,896,100.38 $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 $125,000,000.00 $104,984,519.08 $82,739,313.59 $58,015,992.20 $30,538,492.82 $0.00

Títulos emitidos – bonos en circulación $125,000,000.00 $125,000,000.00 $125,000,000.00 $125,000,000.00 $125,000,000.00 $0.00

TOTAL PASIVO $250,000,000.00 $337,165,788.20 $320,007,325.38 $305,480,600.40 $288,499,336.05 $143,670,673.08

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

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 $70,595,904.99 $150,285,030.64 $240,016,530.16 $340,188,269.96

Utilidad del periodo $0.00 $70,595,904.99 $79,689,125.65 $89,731,499.52 $100,171,739.80 $110,923,220.12

TOTAL PATRIMONIO $150,000,000.00 $220,595,904.99 $300,285,030.64 $390,016,530.16 $490,188,269.96 $601,111,490.08

TOTAL PASIVO Y PATRIMONIO $400,000,000.00 $557,761,693.19 $620,292,356.02 $695,497,130.56 $778,687,606.02 $744,782,163.16

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

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS