Bicicletas Andinas S.A.

BALANCE GENERAL
ANALISIS VERTICAL
ACTIVO 2000 % 2001 % 2002 %
ACTIVO CORRIENTE
CAJA-BANCOS 6,133.95 1.14% 3,432.00 1.08% 9,470.00 2.53%
CTAS.POR COBRAR COMERCIALES 84,355.22 15.66% 64,982.00 20.43% 25,652.00 6.85%
PROV.CTA.COBRANZA DUDOSA (37,806.29) -7.02% 0.00 0.00% 0.00 0.00%
Subtotal Neto Ctas por Cobrar Com. 46,548.93 8.64% 64,982.00 20.43% 25,652.00 6.85%
OTRAS CTAS.POR COBRAR 69,444.87 12.89% 0.00 0.00% 0.00 0.00%
CTAS POR COBRAR AFILIADAS 0.00 0.00% 0.00 0.00% 0.00 0.00%
CTAS POR COBRAR ACCTS y PERS. 0.00 0.00% 0.00 0.00% 0.00 0.00%
PROD.TERM. y/o MERCADERIA 256,077.80 47.54% 226,106.00 71.07% 250,226.00 66.81%
EXISTENCIAS POR RECIBIR 41,457.31 7.70% 0.00 0.00% 0.00 0.00%
Subtotal Existencias 297,535.11 55.24% 226,106.00 71.07% 250,226.00 66.81%
ANTICIPOS A PROVEEDORES 30,681.71 5.70% 0.00 0.00% 20,112.00 5.37%
CARGAS DIFERIDAS 14,822.95 2.75% 0.00 0.00% 5,266.00 1.41%
TOTAL ACTIVO CORRIENTE 465,167.52 86.36% 294,520.00 92.58% 310,726.00 82.96%
ACTIVO NO CORRIENTE
FILIALES PARTE NO CORRIENTE 0.00 0.00% 0.00 0.00% 0.00 0.00%
VALORES 49,345.46 9.16% 0.00 0.00% 0.00 0.00%
INM.MAQ.Y EQUIPOS 30,417.40 5.65% 31,276.00 9.83% 70,095.00 18.72%
(-)DEPREC.ACUMULADA (6,288.80) -1.17% (7,658.00) -2.41% (6,289.00) -1.68%
INM. MAQ y EQUIPO NETO 24,128.60 4.48% 23,618.00 7.42% 63,806.00 17.04%
INTANGIBLES 0.00 0.00% 0.00 0.00% 0.00 0.00%
CARGAS DIFERIDAS (PTE NO CTE) 0.00 0.00% 0.00 0.00% 0.00 0.00%
TOTAL ACTIVO NO CORRIENTE 73,474.06 13.64% 23,618.00 7.42% 63,806.00 17.04%
TOTAL ACTIVO 538,641.58 100.00% 318,138.00 100.00% 374,532.00 100.00%
ANALISIS VERTICAL
PASIVO 2000 % 2001 % 2002 %
PASIVO CORRIENTE
SOBREGIRO BANCARIO 12,468.24 2.31% 0.00 0.00% 10,254.00 2.74%
TRIBUTOS POR PAGAR 1,086.48 0.20% 6,562.00 2.06% 0.00 0.00%
REMUNERAC.Y PARTIC.P.PAGAR 0.00 0.00% 0.00 0.00% 0.00 0.00%
CTAS.POR PAGAR COMERCIALES 239,939.50 44.55% 125,186.00 39.35% 165,483.00 44.18%
CTAS POR PAGAR AFILIADAS 0.00 0.00% 0.00 0.00% 0.00 0.00%
OTRAS CTAS.POR PAGAR 208,142.88 38.64% 98,955.00 31.10% 128,415.00 34.29%
TOTAL PASIVO CORRIENTE 461,637.10 85.70% 230,703.00 72.52% 304,152.00 81.21%
PASIVO NO CORRIENTE
OTRAS CTAS.POR PAGAR 0.00 0.00% 0.00 0.00% 0.00 0.00%
FILIALES (PARTE CORRIENTE) 0.00 0.00% 0.00 0.00% 0.00 0.00%
BENEFICIOS SOCIALES 3,552.89 0.66% 2,456.00 0.77% 2,163.00 0.58%
GANANCIAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00 0.00%
TOTAL PASIVO NO CORRIENTE 3,552.89 0.66% 2,456.00 0.77% 2,163.00 0.58%
TOTAL PASIVO 465,189.99 86.36% 233,159.00 73.29% 306,315.00 81.79%
CAPITAL y PATRIMONIO
CAPITAL SOCIAL 200,201.40 37.17% 200,304.00 62.96% 200,201.00 53.45%
CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 0.00 0.00%
ACCIONARIADO LABORAL 0.00 0.00% 0.00 0.00% 0.00 0.00%
EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 0.00 0.00%
RESERVA 2,863.35 0.53% 2,963.00 0.93% 2,863.00 0.76%
RESULT.ACUMULADOS (123,020.96) -22.84% (124,108.00) -39.01% (129,613.00) -34.61%
RESULT.DEL PERIODO (6,592.20) -1.22% 5,820.00 1.83% (5,234.00) -1.40%
PATRIMONIO NETO 73,451.59 13.64% 84,979.00 26.71% 68,217.00 18.21%

TOTAL PASIVO Y PATRIMONIO 538,641.58 100.00% 318,138.00 100.00% 374,532.00 100.00%

Bicicletas Andinas S.A.

BALANCE GENERAL
ANALISIS HORIZONTAL
ACTIVO 2000 % 2001 % 2002
ACTIVO CORRIENTE
CAJA-BANCOS 6,133.95 -44.05% 3,432.00 175.93% 9,470.00
CTAS.POR COBRAR COMERCIALES 84,355.22 -22.97% 64,982.00 -60.52% 25,652.00
PROV.CTA.COBRANZA DUDOSA (37,806.29) 0.00% 0.00 0.00% 0.00
Subtotal Neto Ctas por Cobrar Com. 46,548.93 39.60% 64,982.00 -60.52% 25,652.00
OTRAS CTAS.POR COBRAR 69,444.87 -100.00% 0.00 0.00% 0.00
CTAS POR COBRAR AFILIADAS 0.00 0.00% 0.00 0.00% 0.00
CTAS POR COBRAR ACCTS y PERS. 0.00 0.00% 0.00 0.00% 0.00
PROD.TERM. y/o MERCADERIA 256,077.80 -11.70% 226,106.00 10.67% 250,226.00
EXISTENCIAS POR RECIBIR 41,457.31 -100.00% 0.00 0.00% 0.00
Subtotal Existencias 297,535.11 -24.01% 226,106.00 10.67% 250,226.00
ANTICIPOS A PROVEEDORES 30,681.71 -100.00% 0.00 0.00% 20,112.00
CARGAS DIFERIDAS 14,822.95 -100.00% 0.00 0.00% 5,266.00
TOTAL ACTIVO CORRIENTE 465,167.52 -36.69% 294,520.00 5.50% 310,726.00
ACTIVO NO CORRIENTE
FILIALES PARTE NO CORRIENTE 0.00 0.00% 0.00 0.00% 0.00
VALORES 49,345.46 -100.00% 0.00 0.00% 0.00
INM.MAQ.Y EQUIPOS 30,417.40 2.82% 31,276.00 124.12% 70,095.00
(-)DEPREC.ACUMULADA (6,288.80) 21.77% (7,658.00) -17.88% (6,289.00)
INM. MAQ y EQUIPO NETO 24,128.60 -2.12% 23,618.00 170.16% 63,806.00
INTANGIBLES 0.00 0.00% 0.00 0.00% 0.00
CARGAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00
TOTAL ACTIVO NO CORRIENTE 73,474.06 -67.86% 23,618.00 170.16% 63,806.00
TOTAL ACTIVO 538,641.58 -40.94% 318,138.00 17.73% 374,532.00
ANALISIS HORIZONTAL
PASIVO 2000 % 2001 % 2002
PASIVO CORRIENTE
SOBREGIRO BANCARIO 12,468.24 -100.00% 0.00 0.00% 10,254.00
TRIBUTOS POR PAGAR 1,086.48 503.97% 6,562.00 -100.00% 0.00
REMUNERAC.Y PARTIC.P.PAGAR 0.00 0.00% 0.00 0.00% 0.00
CTAS.POR PAGAR 239,939.50 -47.83% 125,186.00 32.19% 165,483.00
CTAS POR PAGAR AFILIADAS 0.00 0.00% 0.00 0.00% 0.00
OTRAS CTAS.POR PAGAR 208,142.88 -52.46% 98,955.00 29.77% 128,415.00
TOTAL PASIVO CORRIENTE 461,637.10 -50.03% 230,703.00 31.84% 304,152.00
PASIVO NO CORRIENTE
OTRAS CTAS.POR PAGAR 0.00 0.00% 0.00 0.00% 0.00
FILIALES (PARTE CORRIENTE) 0.00 0.00% 0.00 0.00% 0.00
BENEFICIOS SOCIALES 3,552.89 -30.87% 2,456.00 -11.93% 2,163.00
GANANCIAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00
TOTAL PASIVO NO CORRIENTE 3,552.89 -30.87% 2,456.00 -11.93% 2,163.00
TOTAL PASIVO 465,189.99 -49.88% 233,159.00 31.38% 306,315.00

CAPITAL y PATRIMONIO
CAPITAL SOCIAL 200,201.40 0.05% 200,304.00 -0.05% 200,201.00
CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 0.00
ACCIONARIADO LABORAL 0.00 0.00% 0.00 0.00% 0.00
EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 0.00
RESERVA 2,863.35 3.48% 2,963.00 -3.37% 2,863.00
RESULT.ACUMULADOS (123,020.96) 0.88% (124,108.00) 4.44% (129,613.00)
RESULT.DEL PERIODO (6,592.20) -188.29% 5,820.00 -189.93% (5,234.00)
PATRIMONIO NETO 73,451.59 15.69% 84,979.00 -19.72% 68,217.00

TOTAL PASIVO Y PATRIMONIO 538,641.58 -40.94% 318,138.00 17.73% 374,532.00

BALANCE GENERAL
ANALISIS EVOLUTIVO
ACTIVO 2000 % 2001 % 2002
ACTIVO CORRIENTE
CAJA-BANCOS 6,133.95 -44.05% 3,432.00 54.39% 9,470.00
CTAS.POR COBRAR COMERCIALES 84,355.22 -22.97% 64,982.00 -69.59% 25,652.00
PROV.CTA.COBRANZA DUDOSA (37,806.29) -100.00% 0.00 -100.00% 0.00
Subtotal Neto Ctas por Cobrar Com. 46,548.93 39.60% 64,982.00 -44.89% 25,652.00
OTRAS CTAS.POR COBRAR 69,444.87 -100.00% 0.00 -100.00% 0.00
CTAS POR COBRAR AFILIADAS 0.00 0.00% 0.00 0.00% 0.00
CTAS POR COBRAR ACCTS y PERS. 0.00 0.00% 0.00 0.00% 0.00
PROD.TERM. y/o MERCADERIA 256,077.80 -11.70% 226,106.00 -2.29% 250,226.00
EXISTENCIAS POR RECIBIR 41,457.31 -100.00% 0.00 -100.00% 0.00
Subtotal Existencias 297,535.11 -24.01% 226,106.00 -15.90% 250,226.00
ANTICIPOS A PROVEEDORES 30,681.71 -100.00% 0.00 -34.45% 20,112.00
CARGAS DIFERIDAS 14,822.95 -100.00% 0.00 -64.47% 5,266.00
TOTAL ACTIVO CORRIENTE 465,167.52 -36.69% 294,520.00 -33.20% 310,726.00
ACTIVO NO CORRIENTE
FILIALES PARTE NO CORRIENTE 0.00 0.00% 0.00 0.00% 0.00
VALORES 49,345.46 -100.00% 0.00 -100.00% 0.00
INM.MAQ.Y EQUIPOS 30,417.40 2.82% 31,276.00 130.44% 70,095.00
(-)DEPREC.ACUMULADA (6,288.80) 21.77% (7,658.00) 0.00% (6,289.00)
INM. MAQ y EQUIPO NETO 24,128.60 -2.12% 23,618.00 164.44% 63,806.00
INTANGIBLES 0.00 0.00% 0.00 0.00% 0.00
CARGAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00
TOTAL ACTIVO NO CORRIENTE 73,474.06 -67.86% 23,618.00 -13.16% 63,806.00
TOTAL ACTIVO 538,641.58 -40.94% 318,138.00 -30.47% 374,532.00

ANALISIS EVOLUTIVO
PASIVO 2000 % 2001 % 2002
PASIVO CORRIENTE
SOBREGIRO BANCARIO 12,468.24 -100.00% 0.00 -17.76% 10,254.00
TRIBUTOS POR PAGAR 1,086.48 503.97% 6,562.00 -100.00% 0.00
REMUNERAC.Y PARTIC.P.PAGAR 0.00 0.00% 0.00 0.00% 0.00
CTAS.POR PAGAR 239,939.50 -47.83% 125,186.00 -31.03% 165,483.00
CTAS POR PAGAR AFILIADAS 0.00 0.00% 0.00 0.00% 0.00
OTRAS CTAS.POR PAGAR 208,142.88 -52.46% 98,955.00 -38.30% 128,415.00
TOTAL PASIVO CORRIENTE 461,637.10 -50.03% 230,703.00 -34.11% 304,152.00
PASIVO NO CORRIENTE
OTRAS CTAS.POR PAGAR 0.00 0.00% 0.00 0.00% 0.00
FILIALES (PARTE CORRIENTE) 0.00 0.00% 0.00 0.00% 0.00
BENEFICIOS SOCIALES 3,552.89 -30.87% 2,456.00 -39.12% 2,163.00
GANANCIAS DIFERIDAS 0.00 0.00% 0.00 0.00% 0.00
TOTAL PASIVO NO CORRIENTE 3,552.89 -30.87% 2,456.00 -39.12% 2,163.00
TOTAL PASIVO 465,189.99 -49.88% 233,159.00 -34.15% 306,315.00

CAPITAL y PATRIMONIO
CAPITAL SOCIAL 200,201.40 0.05% 200,304.00 0.00% 200,201.00
CAPITAL ADICIONAL 0.00 0.00% 0.00 0.00% 0.00
ACCIONARIADO LABORAL 0.00 0.00% 0.00 0.00% 0.00
EXCEDENTE DE REVALUACION 0.00 0.00% 0.00 0.00% 0.00
RESERVA 2,863.35 3.48% 2,963.00 -0.01% 2,863.00
RESULT.ACUMULADOS (123,020.96) 0.88% (124,108.00) 5.36% (129,613.00)
RESULT.DEL PERIODO (6,592.20) -188.29% 5,820.00 -20.60% (5,234.00)
PATRIMONIO NETO 73,451.59 15.69% 84,979.00 -7.13% 68,217.00

TOTAL PASIVO Y PATRIMONIO 538,641.58 -40.94% 318,138.00 -30.47% 374,532.00

Bicicletas Andinas S.A.

ESTADO DE PERDIDAS y GANANCIAS

ANALISIS VERTICAL
DETALLE 2000 % 2001 % 2002 %
VENTAS 576,109.01 100.00% 567,854.00 100.00% 559,518.00 100.00%
DEVOLUC., DESCTOS y REBAJAS CONCEDIDAS 0.00 0.00% 0.00 0.00% 0.00 0.00%
VENTAS NETAS 576,109.01 100.00% 567,854.00 100.00% 559,518.00 100.00%
COSTO DE VENTAS (367,512.30) -63.79% (365,385.00) -64.34% (353,432.00) -63.17%
UTILIDAD BRUTA 208,596.71 36.21% 202,469.00 35.66% 206,086.00 36.83%
GASTOS DE ADMINISTRACION (124,634.83) -21.63% (123,643.00) -21.77% (137,893.00) -24.64%
GASTOS DE VENTAS (14,686.64) -2.55% (15,326.00) -2.70% (21,838.00) -3.90%
Subtotal Gastos Operativos (139,321.47) -24.18% (138,969.00) -24.47% (159,731.00) -28.55%
UTILIDAD OPERATIVA 69,275.24 12.02% 63,500.00 11.18% 46,355.00 8.28%

GASTOS FINANCIEROS (83,382.04) -14.47% (61,239.00) -10.78% (51,839.00) -9.26%

INGRESOS FINANCIEROS 12,834.15 2.23% 0.00 0.00% 0.00 0.00%
GASTOS VARIOS (2,679.63) -0.47% 0.00 0.00% 0.00 0.00%
INGRESOS VARIOS 344.83 0.06% 0.00 0.00% 0.00 0.00%
Subtotal Otros Ingresos y Gastos (72,882.69) -12.65% (61,239.00) -10.78% (51,839.00) -9.26%
Resultado antes del REI (3,607.45) -0.63% 2,261.00 0.40% (5,484.00) -0.98%
REI (2,984.75) -0.52% (1,180.00) -0.21% 250.00 0.04%
UTILIDAD ANTES DE IMPUESTOS (6,592.20) -1.14% 1,081.00 0.19% (5,234.00) -0.94%
PARTICIPACION LABORAL UTILIDADES 0.00 0.00% 0.00 0.00% 0.00 0.00%
SALDO UTILIDAD ANTES DE IMPUESTOS (6,592.20) -1.14% 1,081.00 0.19% (5,234.00) -0.94%
RESERVA LEGAL 0.00 0.00% 0.00 0.00% 0.00 0.00%
IMPTO A LA RTA 3A CAT 0.00 0.00% 0.00 0.00% 0.00 0.00%
UTILIDAD (PERDIDA) NETA (6,592.20) -1.14% 1,081.00 0.19% (5,234.00) -0.94%
Bicicletas Andinas S.A.

ESTADO DE PERDIDAS y GANANCIAS

ANALISIS HORIZONTAL
DETALLE 2000 % 2001 % 2002
VENTAS 576,109.01 (1.43) 567,854.00 (1.47) 559,518.00
DEVOLUC., DESCTOS y REBAJAS CONCEDIDAS 0.00 0.00 0.00 0.00 0.00
VENTAS NETAS 576,109.01 (1.43) 567,854.00 (1.47) 559,518.00
COSTO DE VENTAS (367,512.30) (0.58) (365,385.00) (3.27) (353,432.00)
UTILIDAD BRUTA 208,596.71 (2.94) 202,469.00 1.79 206,086.00
GASTOS DE ADMINISTRACION (124,634.83) (0.80) (123,643.00) 11.53 (137,893.00)
GASTOS DE VENTAS (14,686.64) 4.35 (15,326.00) 42.49 (21,838.00)
Subtotal Gastos Operativos (139,321.47) (0.25) (138,969.00) 14.94 (159,731.00)
UTILIDAD OPERATIVA 69,275.24 (8.34) 63,500.00 (27.00) 46,355.00
GASTOS FINANCIEROS (83,382.04) (26.56) (61,239.00) -10.78% (51,839.00)
INGRESOS FINANCIEROS 12,834.15 (100.00) 0.00 0.00% 0.00
GASTOS VARIOS (2,679.63) (100.00) 0.00 0.00% 0.00
INGRESOS VARIOS 344.83 (100.00) 0.00 0.00% 0.00
Subtotal Otros Ingresos y Gastos (72,882.69) (15.98) (61,239.00) 0.00 (51,839.00)
Resultado antes del REI (3,607.45) (162.68) 2,261.00 (342.55) (5,484.00)
REI (2,984.75) (60.47) (1,180.00) (121.19) 250.00
UTILIDAD ANTES DE IMPUESTOS (6,592.20) (116.40) 1,081.00 (584.18) (5,234.00)

PARTICIPACION LABORAL UTILIDADES 0.00 0.00 0.00 0.00 0.00

SALDO UTILIDAD ANTES DE IMPUESTOS (6,592.20) (116.40) 1,081.00 (584.18) (5,234.00)
RESERVA LEGAL 0.00 0.00 0.00
IMPTO A LA RTA 3A CAT 0.00 0.00 0.00 0.00 0.00
UTILIDAD (PERDIDA) NETA (6,592.20) (116.40) 1,081.00 (584.18) (5,234.00)
Bicicletas Andinas S.A.

ESTADO DE PERDIDAS y GANANCIAS

ANALISIS EVOLUTIVO
DETALLE 2000 % 2001 % 2002
VENTAS 576,109.01 (1.43) 567,854.00 (2.88) 559,518.00
DEVOLUC., DESCTOS y REBAJAS CONCEDIDAS 0.00 0.00 0.00 0.00 0.00
VENTAS NETAS 576,109.01 (1.43) 567,854.00 (2.88) 559,518.00
COSTO DE VENTAS (367,512.30) (0.58) (365,385.00) (3.83) (353,432.00)
UTILIDAD BRUTA 208,596.71 (2.94) 202,469.00 (1.20) 206,086.00
GASTOS DE ADMINISTRACION (124,634.83) (0.80) (123,643.00) 10.64 (137,893.00)
GASTOS DE VENTAS (14,686.64) 4.35 (15,326.00) 48.69 (21,838.00)
Subtotal Gastos Operativos (139,321.47) (0.25) (138,969.00) 14.65 (159,731.00)
UTILIDAD OPERATIVA 69,275.24 (8.34) 63,500.00 (33.09) 46,355.00
GASTOS FINANCIEROS (83,382.04) (26.56) (61,239.00) (37.83) (51,839.00)
INGRESOS FINANCIEROS 12,834.15 (100.00) 0.00 (100.00) 0.00
GASTOS VARIOS (2,679.63) (100.00) 0.00 (100.00) 0.00
INGRESOS VARIOS 344.83 (100.00) 0.00 (100.00) 0.00
Subtotal Otros Ingresos y Gastos (72,882.69) (15.98) (61,239.00) (28.87) (51,839.00)
Resultado antes del REI (3,607.45) (162.68) 2,261.00 52.02 (5,484.00)
REI (2,984.75) (60.47) (1,180.00) (108.38) 250.00
UTILIDAD ANTES DE IMPUESTOS (6,592.20) (116.40) 1,081.00 (20.60) (5,234.00)

PARTICIPACION LABORAL UTILIDADES 0.00 0.00 0.00 0.00 0.00

SALDO UTILIDAD ANTES DE IMPUESTOS (6,592.20) (116.40) 1,081.00 (20.60) (5,234.00)
RESERVA LEGAL 0.00 0.00 0.00 0.00 0.00
IMPTO A LA RTA 3A CAT 0.00 0.00 0.00 0.00 0.00
UTILIDAD (PERDIDA) NETA (6,592.20) (116.40) 1,081.00 (20.60) (5,234.00)
Bicicletas Andinas S.A.

ANALISIS DE RATIOS

RATIOS DE LIQUIDEZ
2000 2001 2002

LIQUIDEZ CORRIENTE o GENERAL 0.98 1.28 1.00

ACT CTE - GTOS PAG x ANTICIPADO 450,344.57 294,520.00 305,460.00

PASIVO CORRIENTE 461,637.10 230,703.00 304,152.00

LIQUIDEZ ACIDA 0.33 0.30 0.18

ACT CTE - GTOS PAG x ANT - EXISTENCIAS 152,809.46 68,414.00 55,234.00

PASIVO CORRIENTE 461,637.10 230,703.00 304,152.00

LIQUIDEZ SEVERA 0.08 0.01 0.10

ACT CTE - GTOS PAG x ANT - EXISTENCIAS-CTAS x C 36,815.66 3,432.00 29,582.00

PASIVO CORRIENTE 461,637.10 230,703.00 304,152.00

MARGEN DE SEGURIDAD (0.02) 0.28 0.00

CAPITAL DE TRABAJO (11,292.53) 63,817.00 1,308.00

PASIVO CORRIENTE 461,637.10 230,703.00 304,152.00

RATIOS DE LIQUIDEZ

1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
(0.20)
2000 2001 2002
LIQUIDEZ CORRIENTE o GENERAL LIQUIDEZ ACIDA LIQUIDEZ SEVERA MARGEN DE SEGURIDAD
Bicicletas Andinas S.A.
RATIOS DE GESTION
2000 2001 2002

ROTACION CUENTAS POR COBRAR 29 41 17

ds ds ds
VENTAS NETAS 576,109.01 567,854.00 559,518.00
PROMEDIO DE CUENTAS POR COBRAR 46,548.93 64,982.00 25,652.00

ROTACION DE INVENTARIOS 291 223 255

ds ds ds
COSTO DE VENTAS 367,512.30 365,385.00 353,432.00
PROM INVENTARIOS 297,535.11 226,106.00 250,226.00

ROTACION CAPITAL DE TRABAJO (7) 40 1

ds ds ds
VENTAS NETAS 576,109.01 567,854.00 559,518.00
CAPITAL DE TRABAJO (11,292.53) 63,817.00 1,308.00

ROTACION DE ACTIVO FIJO 15 15 41

ds ds ds
VENTAS NETAS 576,109.01 567,854.00 559,518.00
ACTIVOS FIJOS 24,128.60 23,618.00 63,806.00

RATIOS DE GESTION

300

250

200

150

100

50

(50)
2000 2001 2002
ROTACION CUENTAS POR COBRAR ROTACION DE INVENTARIOS ROTACION CAPITAL DE TRABAJO
ROTACION DE ACTIVO FIJO
Bicicletas Andinas S.A.
RATIOS DE ENDEUDAMIENTO
2000 2001 2002

DEPENDENCIA FINANCIERA 86.36% 73.29% 81.79%

PASIVO CTE + PASIVO NO CTE 465,189.99 233,159.00 306,315.00

ACTIVO TOTAL (NETO) 538,641.58 318,138.00 374,532.00

ENDEUDAMIENTO A LARGO PLAZO 14.30% 27.48% 18.79%

PASIVO NO CTE + PATRIMONIO (NETO) 77,004.48 87,435.00 70,380.00

ACTIVO TOTAL (NETO) 538,641.58 318,138.00 374,532.00

ENDEUDAMIENTO PATRIMONIAL 633.33% 274.37% 449.03%

PASIVO CTE - PASIVO NO CTE 465,189.99 233,159.00 306,315.00

PATRIMONIO NETO 73,451.59 84,979.00 68,217.00

RATIOS DE ENDEUDAMIENTO

700.00%
600.00%
500.00%
400.00%
300.00%
200.00%
100.00%
0.00%
DEPENDENCIA FINANCIERA ENDEUDAMIENTO A2000
LARGO PLAZO 2001 PATRIMONIAL
ENDEUDAMIENTO 2002
Bicicletas Andinas S.A.
RATIOS DE RENTABILIDAD 2000 2001 2002
COSTO DE VENTAS 63.79% 64.34% 63.17%
COSTO VENTAS 367,512.30 365,385.00 353,432.00
VENTAS NETAS 576,109.01 567,854.00 559,518.00

GASTOS OPERATIVOS 24.18% 24.47% 28.55%

GASTOS OPERATIVOS 139,321.47 138,969.00 159,731.00
VENTAS NETAS 576,109.01 567,854.00 559,518.00

GASTOS FINANCIEROS 14.47% 10.78% 9.26%

GASTOS FINANCIEROS 83,382.04 61,239.00 51,839.00
VENTAS NETAS 576,109.01 567,854.00 559,518.00

COSTOS TOTALES 102.45% 99.60% 100.98%

COSTO VENTA + GTOS OPERAT + GTOS FINANCIEROS 590,215.81 565,593.00 565,002.00
VENTAS NETAS 576,109.01 567,854.00 559,518.00

UTILIDAD OPERATIVA/CAPITAL 94.31% 74.72% 67.95%

UTILIDAD OPERATIVA 69,275.24 63,500.00 46,355.00
CAPITAL CONTABLE (PATRIMONIO) 73,451.59 84,979.00 68,217.00

UTILIDAD NETA / ACTIVO FIJO -27.32% 4.58% -8.20%

UTILIDAD NETA (6,592.20) 1,081.00 (5,234.00)
ACTIVO FIJO 24,128.60 23,618.00 63,806.00

RATIOS DE RENTABILIDAD

120.00%
100.00%
80.00%
60.00%
40.00%
20.00%
0.00%
-20.00%
-40.00%
2000 2001 2002
COSTO DE VENTAS GASTOS OPERATIVOS GASTOS FINANCIEROS COSTOS TOTALES
UTILIDAD OPERATIVA/CAPITAL UTILIDAD NETA / ACTIVO FIJO