ESTADO DE RESULTADOS

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

Ingresos operacionales - Ventas $0.00 $11,918,126.00 $12,747,227.12 $13,661,725.94 $14,599,453.15 $15,548,709.59

Costo de mercancia Vendida $0.00 $7,150,875.60 $7,648,336.27 $8,197,035.56 $8,759,671.89 $9,329,225.76

Inventario inicial $0.00 $3,940,378.00 $595,906.30 $637,361.36 $683,086.30 $729,972.66

Compras $3,940,378.00 $3,806,403.90 $7,689,791.33 $8,242,760.51 $8,806,558.25 $9,376,688.58

Inventario final $3,940,378.00 $595,906.30 $637,361.36 $683,086.30 $729,972.66 $777,435.48

UTILIDAD BRUTA $0.00 $4,767,250.40 $5,098,890.85 $5,464,690.38 $5,839,781.26 $6,219,483.84

Gastos administrativos $0.00 $595,906.30 $637,361.36 $683,086.30 $729,972.66 $777,435.48

Gastos operativos $0.00 $595,906.30 $637,361.36 $683,086.30 $729,972.66 $777,435.48

Gastos por beneficios a empleados $0.00 $41,713.44 $44,615.29 $47,816.04 $51,098.09 $54,420.48

Gastos por depreciación $0.00 $650,000.00 $650,000.00 $650,000.00 $650,000.00 $650,000.00

UTILIDAD OPERATIVA $0.00 $2,883,724.36 $3,129,552.84 $3,400,701.74 $3,678,737.86 $3,960,192.39

Intereses $0.00 $318,955.00 $263,502.76 $204,163.32 $140,664.18 $72,713.75

Bonos $0.00 $292,500.00 $292,500.00 $292,500.00 $292,500.00 $292,500.00

Gastos financieros $0.00 $611,455.00 $556,002.76 $496,663.32 $433,164.18 $365,213.75

UTILIDAD ANTES DE IMPUESTOS $0.00 $2,272,269.36 $2,573,550.08 $2,904,038.42 $3,245,573.68 $3,594,978.64

Impuesto sobre la renta $0.00 $749,848.89 $849,271.53 $958,332.68 $1,071,039.31 $1,186,342.95

UTILIDAD NETA DEL EJERCICIO $0.00 $1,522,420.47 $1,724,278.55 $1,945,705.74 $2,174,534.37 $2,408,635.69

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 VALORACIÓN DE LA EMPRESA

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

Utilidad operativa $0.00 $2,883,724.36 $3,129,552.84 $3,400,701.74 $3,678,737.86 $3,960,192.39

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

UODI $0.00 $1,932,095.32 $2,096,800.40 $2,278,470.17 $2,464,754.37 $2,653,328.90

Capital de trabajo operativo $3,940,378.00 $430,531.82 ($263,235.55) ($282,379.51) ($301,366.34) ($320,466.76)

Inversión en capital de trabajo neto operativo KTNO $3,940,378.00 ($3,509,846.18) ($693,767.37) ($19,143.95) ($18,986.83) ($19,100.42)

Flujo de caja bruto $0.00 $2,582,095.32 $2,746,800.40 $2,928,470.17 $3,114,754.37 $3,303,328.90

Inversión neta en KTNO $3,940,378.00 ($3,509,846.18) ($693,767.37) ($19,143.95) ($18,986.83) ($19,100.42)

Inversión en activos fijos $6,500,000.00 $0.00 $0.00 $0.00 $0.00 $0.00

Flujo de caja libre FCF $10,440,378.00 ($927,750.86) $2,053,033.03 $2,909,326.21 $3,095,767.54 $3,284,228.48

Factor de descuento $1.00 $0.93 $0.86 $0.80 $0.75 $67.39

VP FCF $10,440,378.00 ($862,152.37) $1,772,969.47 $2,334,803.84 $2,308,761.02 $221,318,859.68

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

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

Activo Corriente $7,517,808.00 $10,452,026.78 $12,858,810.27 $14,771,535.26 $16,855,482.23 $17,159,483.98

Efectivo y equivalentes a efectivo $3,577,430.00 $9,260,214.18 $11,584,087.56 $13,405,362.67 $15,395,536.92 $15,604,613.02

Cuentas comerciales por cobrar y otras cuentas por cobrar $0.00 $595,906.30 $637,361.36 $683,086.30 $729,972.66 $777,435.48

Inventarios $3,940,378.00 $595,906.30 $637,361.36 $683,086.30 $729,972.66 $777,435.48

Activo no Corriente $6,500,000.00 $5,850,000.00 $5,200,000.00 $4,550,000.00 $3,900,000.00 $3,250,000.00

Propiedades, planta y equipo $6,500,000.00 $6,500,000.00 $6,500,000.00 $6,500,000.00 $6,500,000.00 $6,500,000.00

Depreciación $0.00 $650,000.00 $1,300,000.00 $1,950,000.00 $2,600,000.00 $3,250,000.00

Propiedades, planta y equipo neto $6,500,000.00 $5,850,000.00 $5,200,000.00 $4,550,000.00 $3,900,000.00 $3,250,000.00

TOTAL ACTIVO $14,017,808.00 $16,302,026.78 $18,058,810.27 $19,321,535.26 $20,755,482.23 $20,409,483.98

Pasivo Corriente $0.00 $1,511,129.67 $2,387,229.79 $2,606,884.78 $2,832,350.96 $3,061,680.67

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

Proveedores y cuentas por pagar $0.00 $761,280.78 $1,537,958.27 $1,648,552.10 $1,761,311.65 $1,875,337.72

Impuesto sobre la renta $0.00 $749,848.89 $849,271.53 $958,332.68 $1,071,039.31 $1,186,342.95

Pasivo no corriente $6,500,000.00 $5,750,668.64 $4,907,073.45 $4,004,437.71 $3,038,384.14 $54,420.48

Pasivo por beneficio a empleados $0.00 $41,713.44 $44,615.29 $47,816.04 $51,098.09 $54,420.48

Pasivos financieros $4,550,000.00 $3,758,955.20 $2,912,458.16 $2,006,621.67 $1,037,286.05 ($0.00)

Títulos emitidos – bonos en circulación $1,950,000.00 $1,950,000.00 $1,950,000.00 $1,950,000.00 $1,950,000.00 $0.00

TOTAL PASIVO $6,500,000.00 $7,261,798.31 $7,294,303.24 $6,611,322.49 $5,870,735.10 $3,116,101.15

Capital emitido $7,517,808.00 $7,517,808.00 $7,517,808.00 $7,517,808.00 $7,517,808.00 $7,517,808.00

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 $1,522,420.47 $3,246,699.03 $5,192,404.77 $7,366,939.14

Utilidad del periodo $0.00 $1,522,420.47 $1,724,278.55 $1,945,705.74 $2,174,534.37 $2,408,635.69

TOTAL PATRIMONIO $7,517,808.00 $9,040,228.47 $10,764,507.03 $12,710,212.77 $14,884,747.14 $17,293,382.83

TOTAL PASIVO Y PATRIMONIO $14,017,808.00 $16,302,026.78 $18,058,810.27 $19,321,535.26 $20,755,482.23 $20,409,483.98

Cuadre ($0.00) $0.00 $0.00 $0.00 $0.00 $0.00

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS