ADMINISTRACION FINANCIERA

Examen Final

Msc: Nestor Jose Reyes Orozco

Elaborado Por:
Ing. Cristopher Ezequiel Molina Esquivel
IERA

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 Caso Swift

Costo Capital 12%

Invercion 7,000,000.00 Vida Util Maquina
PV 9.2 Impuesto
CP 6
Unid Volumen de Venta 800,000.00

0 1 2
Flujos de caja operativos
Ventas unitarias (miles) 800,000.00 800,000.00
Precio/unidad 9.20 9.20
Ingresos totales 7,360,000.00 7,360,000.00
Costos de operación
Unidades Fabricadas 800,000.00 800,000.00
Costo Prod x Uni 6 6
Total 4,800,000.00 4,800,000.00
Depreciacion 1,750,000.00 1,750,000.00
Costos totales 6,550,000.00 6,550,000.00
EBITDA 810,000.00 810,000.00
Imp /la utilidad de operación 243,000.00 243,000.00
Utilidad operativa después de impuestos 567,000.00 567,000.00
Depreciacion 1,750,000.00 1,750,000.00
0 1 2
Flujo de caja operativo - 7,000,000.0 2,317,000.00 2,317,000.00
Flujo de Caja Acomulada - 4,683,000.00 - 2,366,000.00

Periodo de Recuperacion Contable 3.33 AÑO

Periodo de Recuperacion Descontado 4.12 0
VAN 37,538.44 1
Indice Beneficio/Costo 0.76 2
TIR 12% 3
TIRM 13% 4

Variables Cambio AÑO

Invercion Inicial 7,048,612.40 0
Volumen de Venta 798,080.91 1
Precio de Venta 9.17793045382 2
Costo Variable 6.02206954618 3
4
 4
30%

3 4

800,000.00 800,000.00
9.20 9.20
7,360,000.00 7,360,000.00

800,000.00 800,000.00
6 6
4,800,000.00 4,800,000.00
1,750,000.00 1,750,000.00
6,550,000.00 6,550,000.00
810,000.00 810,000.00
243,000.00 243,000.00
567,000.00 567,000.00
1,750,000.00 1,750,000.00
3 4
2,317,000.00 2,317,000.00
- 49,000.00 2,268,000.00

FLUJO ACOMULADO
- 7,000,000.0
2,317,000.00 2,317,000.00
2,317,000.00 4,634,000.00
2,317,000.00 6,951,000.00
2,317,000.00 9,268,000.00

FLUJO F. Actual ACOMULADO

- 7,000,000.0
2,317,000.00 2,068,750.00 2,068,750.00
2,317,000.00 1,847,098.21 4,385,750.00
2,317,000.00 1,649,194.83 6,702,750.00
2,317,000.00 1,472,495.39 9,019,750.00
 ESTADO DE RESULTADO
2021 2020 2019 2018
Ingresos 1343 1357 1150 1082
Costos de los Ingresos 837 821 703 668
Beneficio Bruto 506 536 447 414

Gastos de Venta, Generales y Administrativas 284 291 243 234

Ingresos de Explotacion 223 224 204 180
Gastos Por Intereses (Operativos) 61 54 48 0

Gastos por Intereses no operativos 0 54 48 46

Ingresos/Gastos no operativos -35 -54 -47 -45
EBIT 196 190 157 135
Provision de Impuesto a la Renta 40 38 28 23
Ingresos Despues de Impuesto 156 152 129 112

BALANCE GENERAL
2021 2020 2019 2018
Efectivo e Inversiones a corto Plazo 4,900.00 3,863.00 3,999.00 1,924.00
Cuentas Por Cobrar 2,550.00 2,446.00 2,103.00 1,901.00
Inventario 680.00 667.00 530.00 460.00
Otros Activos Circulante 460.00 1,477.00 1,054.00 1,127.00
Totales de Activos Corrientes 8,590.00 8,453.00 7,686.00 5,412.00

Propiedad, Planta, Equipo(Neto) 5,350.00 2,974.00 2,429.00 2,349.00

Software(en Mayusculas) 956.00 813.00 731.00 638.00
Inversiones a largo Plazo 1,410.00 533.00 120.00 87.00
Fondo de Comercio y Activos Intangibles (Totales) 1,110.00 151.00 151.00 149.00
Activos a largo plazo (Impuestos, Diferidos) 21.00 19.00 101.00 55.00
Activos a largo Plazo (Otros) 230.00 206.00 125.00 125.00
Total de Activos No Corriente 9,077.00 4,696.00 3,657.00 3,403.00

Los Activos Totales 17,667.00 13,149.00 11,343.00 8,815.00

Cuentas por pagar 920.00 945.00 1,111.00 925.00

dividendos pagables 9.00 7.00 5.00 6.00
Gastos Acomulado 975.00 902.00 741.00 669.00
Parte Actual de la Deuda 930.00 29.00 434.00 359.00
Otros Pasivos Corrientes 4,060.00 1,676.00 1,257.00 1,294.00
Total Pasivos Corrientes 6,894.00 3,559.00 3,548.00 3,253.00

Deudas a Largo Plazo (Total) 51,990.00 41,160.00 40,711.00 34,957.00

Ingresos no Corrientes (Diferidos) 240.00 150.00 160.00 -
Pasivo Tributario a Largo Plazo (Diferido) 20.00 61.00 - 100.00 -
Pasivos No corrientes (otros) 630.00 724.00 702.00 719.00

Pasivos No circulantes Totales 52,880.00 42,095.00 41,473.00 35,676.00

Patrimonio - 43,081.00 - 31,854.00 - 33,166.00 - 29,855.00

Total Pasivo + Patrimonio 16,693.00 13,800.00 11,855.00 9,074.00

 ANALISIS VERTICAL
2017 2021 2020 2019 2018 2017
892 100.00% 100.00% 100.00% 100.00% 100.00%
611 62.32% 60.50% 61.13% 61.74% 68.50%
281 37.68% 39.50% 38.87% 38.26% 31.50%

106 21.15% 21.44% 21.13% 21.63% 11.88%

175 16.60% 16.51% 17.74% 16.64% 19.62%
0 4.54% 3.98% 4.17% 0.00% 0.00%

39 0.00% 3.98% 4.17% 4.25% 4.37%

-39 -2.61% -3.98% -4.09% -4.16% -4.37%
137 14.59% 14.00% 13.65% 12.48% 15.36%
43 2.98% 2.80% 2.43% 2.13% 4.82%
94 11.62% 11.20% 11.22% 10.35% 10.54%

2017 2021 2020 2019 2018 2017

2,275.00 27.74% 21.87% 22.64% 10.89% 12.88%
1,737.00 14.43% 13.85% 11.90% 10.76% 9.83%
400.00 3.85% 3.78% 3.00% 2.60% 2.26%
1,202.00 2.60% 8.36% 5.97% 6.38% 6.80%
5,614.00 48.62% 47.85% 43.50% 30.63% 31.78%

1,696.00 30.28% 16.83% 13.75% 13.30% 9.60%

528.00 5.41% 4.60% 4.14% 3.61% 2.99%
81.00 7.98% 3.02% 0.68% 0.49% 0.46%
154.00 6.28% 0.85% 0.85% 0.84% 0.87%
28.00 0.12% 0.11% 0.57% 0.31% 0.16%
83.00 1.30% 1.17% 0.71% 0.71% 0.47%
2,570.00 51.38% 26.58% 20.70% 19.26% 14.55%

8,184.00 100.00% 74.43% 64.20% 49.90% 46.32%

1,069.00 5.51% 6.85% 9.37% 10.19% 12.77%

- 0.05% 0.05% 0.04% 0.07% 0.00%
595.00 5.84% 6.54% 6.25% 7.37% 7.11%
323.00 5.57% 0.21% 3.66% 3.96% 3.86%
1,410.00 24.32% 12.14% 10.60% 14.26% 16.85%
3,397.00 41.30% 25.79% 29.93% 35.85% 40.60%

31,215.00 311.45% 298.26% 343.41% 385.24% 373.03%

- 1.44% 1.09% 1.35% 0.00% 0.00%
- 0.12% 0.44% -0.84% 0.00% 0.00%
 524.00 3.77% 5.25% 5.92% 7.92% 6.26%

31,739.00 316.78% 305.04% 349.84% 393.17% 379.29%

- 26,768.00 -258.08% -230.83% -279.76% -329.02% -319.89%

8,368.00 100.00% 100.00% 100.00% 100.00% 100.00%

 ANALISIS HORIZONTAL
0 2021 2020 2019 2018 2017
100 101.042442 84.7457627 94.0869565 82.4399261
100 98.088411 85.6272838 95.0213371 91.4670659
100 105.928854 83.3955224 92.6174497 67.8743961
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 102.464789 83.5051546 96.2962963 45.2991453
100 100.44843 91.0714286 88.2352941 97.2222222
100 88.5245902 88.8888889 0 #DIV/0!
100 #DIV/0! #DIV/0! #DIV/0! #DIV/0!
100 #DIV/0! 88.8888889 95.8333333 84.7826087
100 154.285714 87.037037 95.7446809 86.6666667
100 96.9387755 82.6315789 85.9872611 101.481481
100 95 73.6842105 82.1428571 186.956522
100 97.4358974 84.8684211 86.8217054 83.9285714