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Hotel dos hotis

1.Informaes Sobre o Projeto:


Nome:
Prazo de Anlise: 5 anos
i) Investimentos Fixos:
terreno
construo civil
equip. e instalaes
projetos, montagem e outros
___________________________
TOTAL
ii) Faturamento Anual (100%):
iii) Dados Sobre Custos (100%):
materiais de uso operacional
mo de obra varivel e encargos
mo de obra fixa e encargos
pessoal administrativo e encargos
seguros
manuteno de equip
fretes s/materiais de uso operacional
comisses de vendas
Impostos
despesas financeiras

Energia eltrica, Outras desp.Op.var.


aluguis, serv. de terceiros
Outras Despesas Gerais Fixas
Outras Despesas Gerais Variveis

iv) Implantao
prazo de implantao (1 ano)
Prazo de anlise (5 anos)
dias de operao no ano
v) Giro Prprio
dias faturamento ( caixa )
dias estoque materiais de uso oper.
prazo mdio dos fornecedores
prazo de clientes(s vendas a prazo)

vi) Financiamento
percentual financiado
taxa de juros
carncia
amortizao

110,000.00
350,000.00
170,000.00
30,000.00

R$
R$
R$
R$

660,000.00 R$
400,000.00 R$

20,000.00
24,000.00
40,000.00
24,000.00
2.0%
7.0%
0.0%
0.0%
10.0%
0.0%
50.0%
0.0%
0.0%
num.dias
10,000.00
5,000.00
1,000.00
4,000.00

R$
R$
R$
R$
s/ c.civil, equip. e inst.
s/ equip. e inst.
s/ materiais.
s/ fat.
s/ vendas
s/ compras
vendido a prazo
descontado
ao ms
(vide item v)
R$
R$
R$
R$

360

Dia(s)

2
20

Dia(s)
Dia(s)

15
45

Dia(s)
Dia(s)

60.0% s/ inv. fixo - terreno


10.0%
2 Ano(s)
3 Ano(s)

OBS: no ultrapassar prazo de anlise (item iv)


vii) Outras
depreciao: construes
equip. inst.
amort. desp. pre-oper.
dividendos
I.R.
Valor residual (fixo)
Utilizao da capacidade: preencher na planilha de custos
TMA

2. Resultados:
% Utilizao Capacidade

4.0%
10.0%
20.0%
0.0%
0.0%
550,000.00

a.a s/ c. civil
a.a. s/ equip. e inst.
p/ amort. pre-oper.
s/ lucro liq. depois do I.R.

15.00 %aa

50.0%

60.0%

Ano 01

Ano 02

12,000.00
10,000.00
0.00
5,000.00

14,400.00
12,000.00
0.00
6,000.00

27,000.00

32,400.00

40,000.00
10,400.00
11,900.00
5,000.00

40,000.00
10,400.00
11,900.00
5,000.00

67,300.00
94,300.00

67,300.00
99,700.00

67,300.00
24,000.00
1,000.00

67,300.00
24,000.00
1,000.00

92,300.00

92,300.00

27,000.00
20,000.00
0.00
0.00
2,000.00

32,400.00
24,000.00
0.00
0.00
2,400.00

subtotal 4

49,000.00

58,800.00

Total Geral dos Custos


Receitas

141,300.00
200,000.00

151,100.00
240,000.00

i) Estruturao de Custos
Custos operacionais variveis
mo de obra varivel e encargos
materiais de uso operacional
fretes
Energia eltrica, Outras desp.Op.var.
subtotal 1
Custos operacionais fixos
mo de obra fixa e encargos
seguros
manuteno de equip.
aluguis, serv. de terceiros
subtotal 2
subtotal operacional
Despesas Gerais Fixas
custos operacional fixo
pessoal administrativo e encargos
outras desp. gerais fixas
subtotal 3
Despesas Gerais Variveis
custo operacional varivel
Impostos (liquido)
comises de vendas
desp. financeiras
outras desp. gerais variveis

ii) Capital de Giro


Necessidades
disponibilidade
estoque de materiais de uso operacional
financ. de vendas
Total

1,111.11
555.56

1,333.33
666.67

12,500.00

15,000.00

14,166.67

17,000.00

416.67
0.00

500.00
0.00

13,750.00

13,750.00
2,750.00

14,166.67

17,000.00

Coberturas
credito de fornec.
duplic. descontadas
giro existente
adicional de giro
Total

A U X I L I A R

- Planilha do Financiamento
Saldo Dev.Inic.

Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano

00
01
02
03
04
05
06
07
08
09
10
11
12

iii) Demonst.Result.Exerccio
Receitas
___________________________________

330,000.00
330,000.00
330,000.00
330,000.00
220,000.00
110,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Amortizaes

0.00
0.00
110,000.00
110,000.00
110,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

ano1
ano2
_______________ ______________
200,000.00
240,000.00
_______________ ______________

(-) custos operacionais


___________________________________
a) Variveis: m.o. var. e enc.
materiais
Fretes
outros
Total Dir.
b) Fixos:

m.o.fixa e enc.
Segs.
Manut.
outros
Total Ind.
___________________________________
(=) margem bruta
___________________________________
(-) Desp. Gerais
_______________________________
a) Fixas: Pessoal. Adm.
outras
b) Variveis: Vendas
impostos
Financeiras
Outras
_____
Total Var.
(-) Juros de Financ.
(-) Depreciao e Amort.
de Desp. Pre-Operac.
_______________________________
(=) Lucro Liq. Antes I.R.
_______________________________
(-) I.R.
_______________________________
(=) Lucro Liq. Aps I.R.
_______________________________
Dividendos
ndices:
lucratividade (%)
rentabilidade (%)

94,300.00
99,700.00
_______________ ______________
12,000.00
14,400.00
10,000.00
12,000.00
0.00
0.00
5,000.00
6,000.00
27,000.00
32,400.00
40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_______________
105,700.00
_______________
47,000.00
_______________
24,000.00
1,000.00
0.00
20,000.00
0.00
2,000.00
_______________
22,000.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
______________
140,300.00
______________
51,400.00
______________
24,000.00
1,000.00
0.00
24,000.00
0.00
2,400.00
______________
26,400.00

33,000.00

33,000.00

37,000.00
_______________
-11,300.00
_______________
0.00
_______________
-11,300.00
_______________
0.00

37,000.00
______________
18,900.00
______________
0.00
______________
18,900.00
______________
0.00

-5.65
-3.29

7.88
5.45

------------------------------------------------------------------------- -------------------------- -----------------------Ano 00


Ano 01
iv) Quadro de Usos e Fontes
____________________________________________ _______________ ______________
usos:
Fixo: terreno
110,000.00
const. civil
350,000.00

equip. inst.
projetos
Giro
_____________
Total
_________________________
fontes:
Financiamentos
Rec. Prprios
_____________
Total

170,000.00
30,000.00
13,750.00
2,750.00
_______________ ______________
673,750.00
2,750.00
_______________ ______________
330,000.00
343,750.00
2,750.00
_______________ ______________
673,750.00
2,750.00

------------------------------------------------------------------------- -------------------------- -----------------------Ano 01


Ano 02
v) Capacidade de Pagamento
___________________________________
_______________ ______________
lucro liq. antes I.R.
-11,300.00
18,900.00
(-) I.R.
0.00
0.00
(+) Depreciao e Amort.
de Desp. Pre-Operac.
37,000.00
37,000.00
(-) Dividendos
0.00
0.00
(-) Invest. Com Rec.Prprios
2,750.00
0.00
a (=) Saldo para Amortiz.
22,950.00
55,900.00
b (-) Amortizao
0.00
0.00
_____________________________
_______________ ______________
(=) Saldo Final
22,950.00
55,900.00
Saldo Acumulado
22,950.00
78,850.00
0.00
0.00
ndice utilizao capac.pagam(b/a)
------------------------------------------------------------------------- -------------------------- -----------------------vi) Analise do Retorno

Ano 00

Ano 01

Receitas
(-) Custos Operacionais
_______________________________
C.O .V.
C.O .F.

200,000.00
94,300.00
_______________ ______________
27,000.00
67,300.00

(-) Desp. Gerais


_______________________________
fixas
variveis

46,000.00
_______________ ______________
24,000.00
22,000.00

(-) Juros do Financ.


(-) Deprec. + Amort.de desp.pr operac.
_______________________________
(=) Lucro Antes do I.R.
(-) I.R.
(+) Juros do Financ.
(+) Deprec. + Amort.desp. Pr oper.

33,000.00
37,000.00
_______________ ______________
-11,300.00
0.00
33,000.00
37,000.00

_______________________________
(=) Fluxo Operacional do Empreend.
(-) Amort. Financ.
(-) Juros do financ.
_______________________________

_______________ ______________
58,700.00
0.00
33,000.00
_______________ ______________

(=) Fluxo Operacional do Acionista


25,700.00
________________________________
____________________
_____________________
(-) Rec. Prprios
343,750.00
2,750.00
(-) Investimento
673,750.00
2,750.00
(+) Financ.
330,000.00
0.00
_______________________________
_______________ ______________
(=) Fx. Empr. Final
-673,750.00
55,950.00
(=) Fx. Acion. Final
-343,750.00
22,950.00
------------------------------------------------------------------------- -------------------------- -----------------------10.95
tir empreendimento(%aa)
11.62
tir
acionista
(%aa)

Avaliao:

VPL empreendimento
VPL acionista

-90904.21
-44207.24

VAUE empreendimento
VAUE acionista

-27118.14
-13187.71

civil, equip. e inst.

v. fixo - terreno

s/ equip. e inst.
mort. pre-oper.
cro liq. depois do I.R.

60.0%

70.0%

70.0%

Ano 03

Ano 04

Ano 05

14,400.00
12,000.00
0.00
6,000.00

16,800.00
14,000.00
0.00
7,000.00

16,800.00
14,000.00
0.00
7,000.00

32,400.00

37,800.00

37,800.00

40,000.00
10,400.00
11,900.00
5,000.00

40,000.00
10,400.00
11,900.00
5,000.00

40,000.00
10,400.00
11,900.00
5,000.00

67,300.00
99,700.00

67,300.00
105,100.00

67,300.00
105,100.00

67,300.00
24,000.00
1,000.00

67,300.00
24,000.00
1,000.00

67,300.00
24,000.00
1,000.00

92,300.00

92,300.00

92,300.00

32,400.00
24,000.00
0.00
0.00
2,400.00

37,800.00
28,000.00
0.00
0.00
2,800.00

37,800.00
28,000.00
0.00
0.00
2,800.00

58,800.00

68,600.00

68,600.00

151,100.00
240,000.00

160,900.00
280,000.00

160,900.00
280,000.00

1,333.33
666.67

1,555.56
777.78

1,555.56
777.78

15,000.00

17,500.00

17,500.00

17,000.00

19,833.33

19,833.33

500.00
0.00

583.33
0.00

583.33
0.00

16,500.00
0.00

16,500.00
2,750.00

19,250.00
0.00

17,000.00

19,833.33

19,833.33

Juros

33,000.00
33,000.00
33,000.00
22,000.00
11,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Prestaes

33,000.00
33,000.00
143,000.00
132,000.00
121,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Saldo Final

330,000.00
330,000.00
220,000.00
110,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

ano3
ano4
ano5
_______________ ________________ ____________________________________________________________________
240,000.00
280,000.00
280,000.00
_______________ ________________ ____________________________________________________________________

99,700.00
105,100.00
105,100.00
_______________ ________________ ____________________________________________________________________
14,400.00
16,800.00
16,800.00
12,000.00
14,000.00
14,000.00
0.00
0.00
0.00
6,000.00
7,000.00
7,000.00
32,400.00
37,800.00
37,800.00
40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_______________
140,300.00
_______________
51,400.00
_______________
24,000.00
1,000.00
0.00
24,000.00
0.00
2,400.00
_______________
26,400.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
________________
174,900.00
________________
55,800.00
________________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
________________
30,800.00

33,000.00

22,000.00

37,000.00
_______________
18,900.00
_______________
0.00
_______________
18,900.00
_______________
0.00

37,000.00
________________
60,100.00
________________
0.00
________________
60,100.00
________________
0.00

7.88
5.45

21.46
17.21

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
____________________________________________________________________
174,900.00
____________________________________________________________________
55,800.00
____________________________________________________________________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
____________________________________________________________________
30,800.00
11,000.00

37,000.00
____________________________________________________________________
71,100.00
____________________________________________________________________
0.00
____________________________________________________________________
71,100.00
____________________________________________________________________
0.00

25.39
20.36

------------------------- -------------------------- ------------------------- ------------------------ ------------------------ --------------

Ano 02
Ano 03
Ano 04
Ano 05
Total
_______________ ________________ _______________ ____________________________________________________
110,000.00
350,000.00

170,000.00
30,000.00
0.00
2,750.00
0.00
0.00
19,250.00
_______________ ________________ _______________ ______________ ______________
0.00
2,750.00
0.00
0.00
679,250.00
_______________ ________________ _______________ ______________ ______________
330,000.00
0.00
2,750.00
0.00
0.00
349,250.00
_______________ ________________ _______________ ______________ ______________
0.00
2,750.00
0.00
0.00
679,250.00

------------------------- -------------------------- ------------------------- ------------------------ ------------------------ --------------

Ano 03
Ano 04
Ano 05
_______________ ________________ ____________________________________________________________________
18,900.00
60,100.00
71,100.00
0.00
0.00
0.00

37,000.00
37,000.00
37,000.00
0.00
0.00
0.00
2,750.00
0.00
0.00
53,150.00
97,100.00
108,100.00
110,000.00
110,000.00
110,000.00
_______________ ________________ ____________________________________________________________________
-56,850.00
-12,900.00
-1,900.00
22,000.00
9,100.00
7,200.00
2.07
1.13
1.02
------------------------- -------------------------- ---------------------------------------------------------------------------------------------------------------Ano 02

Ano 03

Ano 04

Ano 05

240,000.00
240,000.00
280,000.00
280,000.00
99,700.00
99,700.00
105,100.00
105,100.00
_______________ ________________ _______________ ____________________________________________________
32,400.00
32,400.00
37,800.00
37,800.00
67,300.00
67,300.00
67,300.00
67,300.00

51,400.00
51,400.00
55,800.00
55,800.00
_______________ ________________ _______________ ____________________________________________________
24,000.00
24,000.00
24,000.00
24,000.00
26,400.00
26,400.00
30,800.00
30,800.00

33,000.00
33,000.00
22,000.00
11,000.00
37,000.00
37,000.00
37,000.00
37,000.00
_______________ ________________ _______________ ____________________________________________________
18,900.00
18,900.00
60,100.00
71,100.00
0.00
0.00
0.00
0.00
33,000.00
33,000.00
22,000.00
11,000.00
37,000.00
37,000.00
37,000.00
37,000.00

_______________ ________________ _______________ ____________________________________________________


88,900.00
88,900.00
119,100.00
119,100.00
0.00
110,000.00
110,000.00
110,000.00
33,000.00
33,000.00
22,000.00
11,000.00
_______________ ________________ _______________ ____________________________________________________

55,900.00
-54,100.00
-12,900.00
-1,900.00
___________________
____________________
__________________________________
0.00
2,750.00
0.00
-569,250.00
0.00
2,750.00
0.00
-569,250.00
0.00
0.00
0.00
0.00
_______________ ________________ _______________ ____________________________________________________
88,900.00
86,150.00
119,100.00
688,350.00
55,900.00
-56,850.00
-12,900.00
567,350.00
------------------------- -------------------------- ------------------------- -------------------------------------------------------------------------------------

_______________________________________________________________
_______________________________________________________________

_______________________________________________________________

_______________________________________________________________
_______________________________________________________________
_______________________________________________________________

_______________________________________________________________

_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________

-------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- --------------

_________________________________________________________________________________

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_______________________________________________________________

_______________________________________________________________

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_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

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1.Informaes Sobre o Projeto:


Nome: Hotel dos hotis
Prazo de Anlise: 10 anos
i) Investimentos Fixos:
terreno
construo civil
equip. e instalaes
projetos, montagem e outros
___________________________
TOTAL
ii) Faturamento Anual (100%):
iii) Dados Sobre Custos (100%):
materiais de uso operacional
mo de obra varivel e encargos
mo de obra fixa e encargos
pessoal administrativo e encargos
seguros
manuteno de equip
fretes s/materiais de uso operacional
comisses de vendas
Impostos
despesas financeiras

Energia eltrica, Outras desp.Op.var.


aluguis, serv. de terceiros
Outras Despesas Gerais Fixas
Outras Despesas Gerais Variveis

iv) Implantao
prazo de implantao (1 ano)
Prazo de anlise (5 anos)
dias de operao no ano
v) Giro Prprio
dias faturamento ( caixa )
dias estoque materiais de uso oper.
prazo mdio dos fornecedores
prazo de clientes(s vendas a prazo)

vi) Financiamento
percentual financiado
taxa de juros
carncia
amortizao

110,000.00
350,000.00
170,000.00
30,000.00

R$
R$
R$
R$

660,000.00 R$
400,000.00 R$

20,000.00
24,000.00
40,000.00
24,000.00
2.0%
7.0%
0.0%
0.0%
10.0%
0.0%
50.0%
0.0%
0.0%
num.dias
10,000.00
5,000.00
1,000.00
4,000.00

R$
R$
R$
R$
s/ c.civil, equip. e inst.
s/ equip. e inst.
s/ M.P.
s/ fat.
s/ vendas
s/ compras
vendido a prazo
descontado
ao ms
(vide item v)
R$
R$
R$
R$

360

Dia(s)

2
20

Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)

15
45

60.0% s/ inv. fixo - terreno


10.0%
2 Ano(s)
6 Ano(s)

OBS: no ultrapassar prazo de anlise (item iv)


vii) Outras
depreciao: construes
4.0% a.a s/ c. civil
equip. inst.
10.0% a.a. s/ equip. e inst.
amort. desp. pre-oper.
20.0% p/ amort. pre-oper.
dividendos
0.0% s/ lucro liq. depois do I.R.
I.R.
0.0%
Valor residual (fixo)
300,000.00
Utilizao da capacidade: preencher na planilha de custos
TMA
15.00 %aa

2. Resultados:
% Utilizao Capacidade

i) Estruturao de Custos
Custos operacionais variveis
mo de obra varivel e encargos
materiais de uso operacional
fretes
Energia eltrica, Outras desp.Op.var.
subtotal 1
Custos operacionais fixos
mo de obra fixa e encargos
seguros
manuteno de equip.
aluguis, public., materiais exped.
subtotal 2
subtotal operacional
Despesas Gerais Fixas
custos operacional fixo
pessoal administrativo e encargos
aluguis, serv. de terceiros
subtotal 3
Despesas Gerais Variveis
custo operacional varivel
Impostos (liquido)
comises de vendas
desp. financeiras
outras desp. gerais variveis
subtotal 4

Total Geral dos Custos


Receitas

50.0%

60.0%

60.0%

Ano 01

Ano 02

Ano 03

12,000.00
14,400.00
14,400.00
10,000.00
12,000.00
12,000.00
0.00
0.00
0.00
5,000.00
6,000.00
6,000.00
_____________ _____________ ______________
27,000.00
32,400.00
32,400.00

40,000.00
40,000.00
40,000.00
10,400.00
10,400.00
10,400.00
11,900.00
11,900.00
11,900.00
5,000.00
5,000.00
5,000.00
_____________ _____________ ______________
67,300.00
67,300.00
67,300.00
94,300.00
99,700.00
99,700.00

67,300.00
67,300.00
67,300.00
24,000.00
24,000.00
24,000.00
1,000.00
1,000.00
1,000.00
_____________ _____________ ______________
92,300.00
92,300.00
92,300.00

27,000.00
32,400.00
32,400.00
20,000.00
24,000.00
24,000.00
0.00
0.00
0.00
0.00
0.00
0.00
2,000.00
2,400.00
2,400.00
_____________ _____________ ______________
49,000.00
58,800.00
58,800.00
_____________ _____________ ______________
141,300.00
151,100.00
151,100.00
200,000.00
240,000.00
240,000.00

---------------------- ---------------------- -----------------------

ii) Capital de Giro


_____________ _____________ ______________
Necessidades
disponibilidade
estoque de materiais de uso operacional
financ. de vendas
Total
Coberturas
credito de fornec.
duplic. descontadas
giro existente
adicional de giro
Total

A U X I L I A R

1,111.11
555.56
0.00
12,500.00
0.00
14,166.67

1,333.33
666.67
0.00
15,000.00
0.00
17,000.00

1,333.33
666.67
0.00
15,000.00
0.00
17,000.00

416.67
0.00

500.00
0.00

500.00
0.00

13,750.00
16,500.00
13,750.00
2,750.00
0.00
_____________ _____________ ______________
14,166.67
17,000.00
17,000.00
---------------------- ---------------------- -----------------------

- Planilha do Financiamento

Saldo Devedor
Amortizaes
Juros
____________________________________________ _____________ _____________ ______________
Ano 00
330,000.00
Ano 01
330,000.00
0.00
33,000.00
Ano 02
330,000.00
0.00
33,000.00
Ano 03
330,000.00
55,000.00
33,000.00
Ano 04
275,000.00
55,000.00
27,500.00
Ano 05
220,000.00
55,000.00
22,000.00
Ano 06
165,000.00
55,000.00
16,500.00
Ano 07
110,000.00
55,000.00
11,000.00
Ano 08
55,000.00
55,000.00
5,500.00
Ano 09
0.00
0.00
0.00
Ano 10
0.00
0.00
0.00
Ano 11
0.00
0.00
0.00
Ano 12
0.00
0.00
0.00
____________________________________________ _____________ _____________ ______________
------------------------------------------------------------------------- ---------------------- ---------------------- -----------------------

iii) Demonst.Result.Exerccio
___________________________________
Receitas
___________________________________

ano1
ano2
ano3
_____________ _____________ ______________
200,000.00
240,000.00
240,000.00
_____________ _____________ ______________

(-) custos operacionais


___________________________________
a) Variveis: m.o. var. e enc.
materiais
Fretes
outros
Total Dir.
b) Fixos:

m.o.fixa e enc.
Segs.
Manut.
outros
Total Ind.
___________________________________
(=) margem bruta
___________________________________
(-) Desp. Gerais
_______________________________
a) Fixas: pessoal admin.
outras
b) Variveis: Vendas
impostos
Financeiras
Outras
_____
Total Var.
(-) Juros de Financ.
(-) Depreciao e Amort.
de Desp. Pre-Operac.
_______________________________
(=) Lucro Liq. Antes I.R.
_______________________________
(-) I.R.
_______________________________
(=) Lucro Liq. Aps I.R.
_______________________________
Dividendos
ndices:
lucratividade (%)
rentabilidade (%)

94,300.00
99,700.00
99,700.00
_____________ _____________ ______________
12,000.00
14,400.00
14,400.00
10,000.00
12,000.00
12,000.00
0.00
0.00
0.00
5,000.00
6,000.00
6,000.00
27,000.00
32,400.00
32,400.00
40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_____________
105,700.00
_____________
47,000.00
_____________
24,000.00
1,000.00
0.00
20,000.00
0.00
2,000.00
_____________
22,000.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_____________
140,300.00
_____________
51,400.00
_____________
24,000.00
1,000.00
0.00
24,000.00
0.00
2,400.00
_____________
26,400.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
______________
140,300.00
______________
51,400.00
______________
24,000.00
1,000.00
0.00
24,000.00
0.00
2,400.00
______________
26,400.00

33,000.00

33,000.00

33,000.00

37,000.00
_____________
-11,300.00
_____________
0.00
_____________
-11,300.00
_____________
0.00

37,000.00
_____________
18,900.00
_____________
0.00
_____________
18,900.00
_____________
0.00

37,000.00
______________
18,900.00
______________
0.00
______________
18,900.00
______________
0.00

-5.65
-3.29

7.88
5.45

7.88
5.45

------------------------------------------------------------------------- ---------------------- ---------------------- ----------------------Ano 00


Ano 01
Ano 02
iv) Quadro de Usos e Fontes
____________________________________________ _____________ _____________ ______________
usos:
Fixo: terreno
110,000.00
const. civil
350,000.00

equip. inst.
projetos
Giro
_____________
Total
_________________________
fontes:
Financiamentos
Rec. Prprios
_____________
Total

170,000.00
30,000.00
13,750.00
2,750.00
0.00
_____________ _____________ ______________
673,750.00
2,750.00
0.00
_____________ _____________ ______________
330,000.00
343,750.00
2,750.00
0.00
_____________ _____________ ______________
673,750.00
2,750.00
0.00

------------------------------------------------------------------------- ---------------------- ---------------------- ----------------------Ano 01


Ano 02
Ano 03
v) Capacidade de Pagamento
___________________________________
_____________ _____________ ______________
lucro liq. antes I.R.
-11,300.00
18,900.00
18,900.00
(-) I.R.
0.00
0.00
0.00
(+) Depreciao e Amort.
de Desp. Pre-Operac.
37,000.00
37,000.00
37,000.00
(-) Dividendos
0.00
0.00
0.00
(-) Invest. Com Rec.Prprios
2,750.00
0.00
2,750.00
a (=) Saldo para Amortiz.
22,950.00
55,900.00
53,150.00
b (-) Amortizao
0.00
0.00
55,000.00
_____________________________
_____________ _____________ ______________
(=) Saldo Final
22,950.00
55,900.00
-1,850.00
Saldo Acumulado
22,950.00
78,850.00
77,000.00
0.00
0.00
1.03
ndice utilizao capac.pagam(b/a)
------------------------------------------------------------------------- ---------------------- ---------------------- ----------------------vi) Analise do Retorno

Ano 00

Ano 01

Ano 02

Receitas
(-) Custos Operacionais
_______________________________
C.O .V.
C.O .F.

200,000.00
240,000.00
94,300.00
99,700.00
_____________ _____________ ______________
27,000.00
32,400.00
67,300.00
67,300.00

(-) Desp. Gerais


_______________________________
fixas
variveis

46,000.00
51,400.00
_____________ _____________ ______________
24,000.00
24,000.00
22,000.00
26,400.00

(-) Juros do Financ.


(-) Deprec. + Amort.desp.pr oper.
_______________________________
(=) Lucro Antes do I.R.
(-) I.R.
(+) Juros do Financ.
(+) Deprec. + Amort.desp.pr oper.

33,000.00
33,000.00
37,000.00
37,000.00
_____________ _____________ ______________
-11,300.00
18,900.00
0.00
0.00
33,000.00
33,000.00
37,000.00
37,000.00

_______________________________
(=) Fluxo Operacional do Empreend.
(-) Amort. Financ.
(-) Juros do fianc.
_______________________________

_____________ _____________ ______________


58,700.00
88,900.00
0.00
0.00
33,000.00
33,000.00
_____________ _____________ ______________

(=) Fluxo Operacional do Acionista


25,700.00
55,900.00
________________________________ ____________________
_____________________
___________________
(-) Rec. Prprios
343,750.00
2,750.00
0.00
(-) Investimento
673,750.00
2,750.00
0.00
(+) Financ.
330,000.00
0.00
0.00
_______________________________
_____________ _____________ ______________
(=) Fx. Empr. Final
-673,750.00
55,950.00
88,900.00
(=) Fx. Acion. Final
-343,750.00
22,950.00
55,900.00
------------------------------------------------------------------------- ---------------------- ---------------------- ----------------------11.95
tir empreendimento(%aa)
13.03
tir
acionista
(%aa)

Anlise:

VPL empreendimento
VPL acionista

-96514.68
-38977.58

VAUE empreendimento
VAUE acionista

-19230.75
-7766.36

70.0%

70.0%

70.0%

70.0%

70.0%

70.0%

Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

Ano 09

16,800.00
16,800.00
16,800.00
16,800.00
16,800.00
16,800.00
14,000.00
14,000.00
14,000.00
14,000.00
14,000.00
14,000.00
0.00
0.00
0.00
0.00
0.00
0.00
7,000.00
7,000.00
7,000.00
7,000.00
7,000.00
7,000.00
_____________ ____________ _____________ _______________ ______________ _______________
37,800.00
37,800.00
37,800.00
37,800.00
37,800.00
37,800.00

40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
40,000.00
10,400.00
10,400.00
10,400.00
10,400.00
10,400.00
10,400.00
11,900.00
11,900.00
11,900.00
11,900.00
11,900.00
11,900.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
_____________ ____________ _____________ _______________ ______________ _______________
67,300.00
67,300.00
67,300.00
67,300.00
67,300.00
67,300.00
105,100.00
105,100.00
105,100.00
105,100.00
105,100.00
105,100.00

67,300.00
67,300.00
67,300.00
67,300.00
67,300.00
67,300.00
24,000.00
24,000.00
24,000.00
24,000.00
24,000.00
24,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
_____________ ____________ _____________ _______________ ______________ _______________
92,300.00
92,300.00
92,300.00
92,300.00
92,300.00
92,300.00

37,800.00
37,800.00
37,800.00
37,800.00
37,800.00
37,800.00
28,000.00
28,000.00
28,000.00
28,000.00
28,000.00
28,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,800.00
2,800.00
2,800.00
2,800.00
2,800.00
2,800.00
_____________ ____________ _____________ _______________ ______________ _______________
68,600.00
68,600.00
68,600.00
68,600.00
68,600.00
68,600.00
_____________ ____________ _____________ _______________ ______________ _______________
160,900.00
160,900.00
160,900.00
160,900.00
160,900.00
160,900.00
280,000.00
280,000.00
280,000.00
280,000.00
280,000.00
280,000.00

---------------------- -------------------- --------------------- ------------------------- ------------------------ -------------------------

_____________ ____________ _____________ _______________ ______________ _______________


1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

583.33
0.00

583.33
0.00

583.33
0.00

583.33
0.00

583.33
0.00

583.33
0.00

16,500.00
19,250.00
19,250.00
19,250.00
19,250.00
19,250.00
2,750.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
19,833.33
19,833.33
19,833.33
19,833.33
19,833.33
19,833.33
---------------------- -------------------- --------------------- ------------------------- ------------------------ -------------------------

Prestaes
Saldo Final
_____________ ____________ _____________ _______________
33,000.00
330,000.00
33,000.00
330,000.00
88,000.00
275,000.00
82,500.00
220,000.00
77,000.00
165,000.00
71,500.00
110,000.00
66,000.00
55,000.00
60,500.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________
---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------ano4
ano5
ano6
ano7
ano8
ano9
_____________ ____________ _____________ _______________ ______________ _______________
280,000.00
280,000.00
280,000.00
280,000.00
280,000.00
280,000.00
_____________ ____________ _____________ _______________ ______________ _______________

105,100.00
105,100.00
105,100.00
105,100.00
105,100.00
105,100.00
_____________ ____________ _____________ _______________ ______________ _______________
16,800.00
16,800.00
16,800.00
16,800.00
16,800.00
16,800.00
14,000.00
14,000.00
14,000.00
14,000.00
14,000.00
14,000.00
0.00
0.00
0.00
0.00
0.00
0.00
7,000.00
7,000.00
7,000.00
7,000.00
7,000.00
7,000.00
37,800.00
37,800.00
37,800.00
37,800.00
37,800.00
37,800.00
40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_____________
174,900.00
_____________
55,800.00
_____________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
_____________
30,800.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
____________
174,900.00
____________
55,800.00
____________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
____________
30,800.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_____________
174,900.00
_____________
55,800.00
_____________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
_____________
30,800.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_______________
174,900.00
_______________
55,800.00
_______________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
_______________
30,800.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
______________
174,900.00
______________
55,800.00
______________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
______________
30,800.00

40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_______________
174,900.00
_______________
55,800.00
_______________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
_______________
30,800.00

27,500.00

22,000.00

16,500.00

11,000.00

5,500.00

0.00

37,000.00
_____________
54,600.00
_____________
0.00
_____________
54,600.00
_____________
0.00

37,000.00
____________
60,100.00
____________
0.00
____________
60,100.00
____________
0.00

31,000.00
_____________
71,600.00
_____________
0.00
_____________
71,600.00
_____________
0.00

31,000.00
_______________
77,100.00
_______________
0.00
_______________
77,100.00
_______________
0.00

31,000.00
______________
82,600.00
______________
0.00
______________
82,600.00
______________
0.00

31,000.00
_______________
88,100.00
_______________
0.00
_______________
88,100.00
_______________
0.00

19.50
15.63

21.46
17.21

25.57
20.50

27.54
22.08

29.50
23.65

31.46
25.23

---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------Ano 03


Ano 04
Ano 05
Ano 06
Ano 07
Ano 08
_____________ ____________ _____________ _______________ ______________ _______________

2,750.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
2,750.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________

2,750.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
2,750.00
0.00
0.00
0.00
0.00
0.00

---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------Ano 04


Ano 05
Ano 06
Ano 07
Ano 08
Ano 09
_____________ ____________ _____________ _______________ ______________ _______________
54,600.00
60,100.00
71,600.00
77,100.00
82,600.00
88,100.00
0.00
0.00
0.00
0.00
0.00
0.00
37,000.00
37,000.00
31,000.00
31,000.00
31,000.00
31,000.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
91,600.00
97,100.00
102,600.00
108,100.00
113,600.00
119,100.00
55,000.00
55,000.00
55,000.00
55,000.00
55,000.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
36,600.00
42,100.00
47,600.00
53,100.00
58,600.00
119,100.00
113,600.00
155,700.00
203,300.00
256,400.00
315,000.00
434,100.00
0.60
0.57
0.54
0.51
0.48
0.00
---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------Ano 03

Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

240,000.00
280,000.00
280,000.00
280,000.00
280,000.00
280,000.00
99,700.00
105,100.00
105,100.00
105,100.00
105,100.00
105,100.00
_____________ ____________ _____________ _______________ ______________ _______________
32,400.00
37,800.00
37,800.00
37,800.00
37,800.00
37,800.00
67,300.00
67,300.00
67,300.00
67,300.00
67,300.00
67,300.00
51,400.00
55,800.00
55,800.00
55,800.00
55,800.00
55,800.00
_____________ ____________ _____________ _______________ ______________ _______________
24,000.00
24,000.00
24,000.00
24,000.00
24,000.00
24,000.00
26,400.00
30,800.00
30,800.00
30,800.00
30,800.00
30,800.00
33,000.00
27,500.00
22,000.00
16,500.00
11,000.00
5,500.00
37,000.00
37,000.00
37,000.00
31,000.00
31,000.00
31,000.00
_____________ ____________ _____________ _______________ ______________ _______________
18,900.00
54,600.00
60,100.00
71,600.00
77,100.00
82,600.00
0.00
0.00
0.00
0.00
0.00
0.00
33,000.00
27,500.00
22,000.00
16,500.00
11,000.00
5,500.00
37,000.00
37,000.00
37,000.00
31,000.00
31,000.00
31,000.00

_____________ ____________ _____________ _______________ ______________ _______________


88,900.00
119,100.00
119,100.00
119,100.00
119,100.00
119,100.00
55,000.00
55,000.00
55,000.00
55,000.00
55,000.00
55,000.00
33,000.00
27,500.00
22,000.00
16,500.00
11,000.00
5,500.00
_____________ ____________ _____________ _______________ ______________ _______________
900.00
36,600.00
42,100.00
47,600.00
53,100.00
58,600.00
____________________
__________________
________________
_________________
_________________
_________________
2,750.00
0.00
0.00
0.00
0.00
0.00
2,750.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
86,150.00
119,100.00
119,100.00
119,100.00
119,100.00
119,100.00
-1,850.00
36,600.00
42,100.00
47,600.00
53,100.00
58,600.00
---------------------- -------------------- --------------------- ------------------------- ------------------------ -------------------------

70.0%

Ano 10
16,800.00
14,000.00
0.00
7,000.00
_________________________________________________________________________________
37,800.00

40,000.00
10,400.00
11,900.00
5,000.00
_________________________________________________________________________________
67,300.00
105,100.00

67,300.00
24,000.00
1,000.00
_________________________________________________________________________________
92,300.00

37,800.00
28,000.00
0.00
0.00
2,800.00
_________________________________________________________________________________
68,600.00
_________________________________________________________________________________
160,900.00
280,000.00

-------------------------------------------------------------------------------------------------------------------------------------

_________________________________________________________________________________
1,555.56
777.78
0.00
17,500.00
0.00
19,833.33

583.33
0.00
19,250.00
0.00
_________________________________________________________________________________
19,833.33
-------------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------------------------ano10
_________________________________________________________________________________
280,000.00
_________________________________________________________________________________

105,100.00
_________________________________________________________________________________
16,800.00
14,000.00
0.00
7,000.00
37,800.00
40,000.00
10,400.00
11,900.00
5,000.00
67,300.00
_________________________________________________________________________________
174,900.00
_________________________________________________________________________________
55,800.00
_________________________________________________________________________________
24,000.00
1,000.00
0.00
28,000.00
0.00
2,800.00
_________________________________________________________________________________
30,800.00
0.00
31,000.00
_________________________________________________________________________________
88,100.00
_________________________________________________________________________________
0.00
_________________________________________________________________________________
88,100.00
_________________________________________________________________________________
0.00

31.46
25.23

------------------------- -------------------------------------------------------------------------------------------------------------------------Ano 09
Ano 10
Total
_______________ ________________ _________________________________________________________
110,000.00
350,000.00

170,000.00
30,000.00
0.00
0.00
19,250.00
_______________ ________________ _________________________________________________________
0.00
0.00
679,250.00
_______________ ________________ _________________________________________________________
330,000.00
0.00
0.00
349,250.00
_______________ ________________ _________________________________________________________
0.00
0.00
679,250.00

------------------------- --------------------------- ------------------------ ----------------------- -------------- -------------Ano 10


_________________________________________________________________________________
88,100.00
0.00
31,000.00
0.00
0.00
119,100.00
0.00
_________________________________________________________________________________
119,100.00
553,200.00
0.00
------------------------------------------------------------------------------------------------------------------------------------Ano 09

Ano 10

280,000.00
280,000.00
105,100.00
105,100.00
_______________ ___________________________________________________________________________________
37,800.00
37,800.00
67,300.00
67,300.00
55,800.00
55,800.00
_______________ ___________________________________________________________________________________
24,000.00
24,000.00
30,800.00
30,800.00
0.00
0.00
31,000.00
31,000.00
_______________ ___________________________________________________________________________________
88,100.00
88,100.00
0.00
0.00
0.00
0.00
31,000.00
31,000.00

_______________ ___________________________________________________________________________________
119,100.00
119,100.00
0.00
0.00
0.00
0.00
_______________ ___________________________________________________________________________________
119,100.00
119,100.00
____________________________________
0.00
-319,250.00
0.00
-319,250.00
0.00
0.00
_______________ ___________________________________________________________________________________
119,100.00
438,350.00
119,100.00
438,350.00
------------------------- -----------------------------------------------------------------------------------------------------------------------------------------

--------------- --------------

--------------- --------------

_________

_________
_________

_________

--------------

-------------- --------------

__________________

__________________

__________________

__________________

__________________

__________________

------------------------------

Fbrica de Surimi
1.Informaes Sobre o Projeto:
Nome:
Prazo de Anlise: 5 anos
i) Investimentos Fixos:
terreno
0.00
construo civil
420,000.00
equip. e instalaes
1,500,000.00
projetos, montagem e outros
200,000.00
___________________________
TOTAL
2,120,000.00
ii) Faturamento Anual (100%):
iii) Dados Sobre Custos (100%):
matria-prima
mo de obra direta e encargos
mo de obra indireta e encargos
pessoal administrativo
seguros
pecas de reposio
fretes
comisses de vendas
Impostos
despesas financeiras

Outros
Outros
Outras
Outras

Custos Ind. Diretos


Custos Ind. Indiretos
Despesas Gerais Fixas
Despesas Gerais Variveis

iv) Implantao
prazo de implantao (1 ano)
Prazo de anlise (5 anos)
dias de operao no ano
v) Giro Prprio
dias faturamento ( caixa )
dias estoque mat. prima
dias estoque prod. acab.
prazo mdio dos fornecedores
prazo de clientes(s vendas a prazo)
prazo de prod.em elaborao
vi) Financiamento
percentual financiado
taxa de juros
carncia
amortizao

R$
R$
R$
R$
R$

4,000,000.00 R$

1,600,000.00
144,000.00
108,000.00
144,000.00
2.0%
10.0%
3.0%
5.0%
12.0%
0.0%
100.0%
10.0%
1.0%
num.dias
200,000.00
0.00
20,000.00
0.00

R$
R$
R$
R$
s/ c.civil, equip. e inst.
s/ equip. e inst.
s/ M.P.
s/ fat.
s/ vendas
s/ compras
vendido a prazo
descontado
ao ms
(vide item v)
R$
R$
R$
R$

220

Dia(s)

2
10
15
15
30
5

Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)

60.0% s/ inv. fixo - terreno + giro


10.0%
2 Ano(s)
3 Ano(s)

OBS: no ultrapassar prazo de anlise (item iv)


vii) Outras
depreciao: construes
4.0% a.a s/ c. civil
equip. inst.
10.0% a.a. s/ equip. e inst.
amort. desp. pre-oper.
20.0% p/ amort. pre-oper.
dividendos
0.0% s/ lucro liq. depois do I.R.
I.R.
40.0%
Valor residual (fixo)
424,000.00
Utilizao da capacidade: preencher na planilha de custos
TMA
12.00 %aa

2. Resultados:
% Utilizao Capacidade

60.0%

70.0%

Ano 01

Ano 02

86,400.00
960,000.00
28,800.00
120,000.00

100,800.00
1,120,000.00
33,600.00
140,000.00

1,195,200.00

1,394,400.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

subtotal 2
subtotal Industrial

296,400.00
1,491,600.00

296,400.00
1,690,800.00

Despesas Gerais Fixas


custos indust. indir.
despesas admin.
outras desp. gerais fixas

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

460,400.00

460,400.00

1,195,200.00
288,000.00
120,000.00
2,400.00
0.00

1,394,400.00
336,000.00
140,000.00
2,800.00
0.00

subtotal 4

1,605,600.00

1,873,200.00

Total Geral dos Custos


Receitas

2,066,000.00
2,400,000.00

2,333,600.00
2,800,000.00

i) Estruturao de Custos
Custos indust. diretos
mo-de-obra direta e encargos
matria-prima
fretes
outros custos ind. diretos
subtotal 1
Custos indust. indiretos
mo-de-obra indireta e encargos
seguros
manuteno
outros custos indust. indiretos

subtotal 3
Despesas Gerais Variveis
custos indust. dir.
Impostos (liquido)
vendas
desp. financeiras
outras desp. gerais variveis

ii) Capital de Giro


Necessidades
disponibilidade
estoque de M.P.
estoque de P.E.
financ. de vendas
estoque de P.A .
Total
Coberturas
credito de fornec.
duplic. descontadas
financiamento de curto prazo
giro existente
adicional de giro
Total

A U X I L I A R

21,818.18
44,945.45
28,186.36
327,272.73
101,700.00
523,922.73

25,454.55
52,436.36
32,322.73
381,818.18
115,281.82
607,313.64

65,454.55
32,727.27

76,363.64
38,181.82

425,740.91

425,740.91
67,027.27

523,922.73

607,313.64

- Planilha do Financiamento
Saldo Dev.Inic.

Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano
Ano

00
01
02
03
04
05
06
07
08
09
10
11
12

iii) Demonst.Result.Exerccio
Receitas
___________________________________

1,527,444.55
1,527,444.55
1,527,444.55
1,527,444.55
1,018,296.36
509,148.18
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Amortizaes

0.00
0.00
509,148.18
509,148.18
509,148.18
0.00
0.00
0.00
0.00
0.00
0.00
0.00

ano1
ano2
______________ ______________
2,400,000.00
2,800,000.00
______________ ______________

(-) custos de produo


___________________________________
a) Diretos: M.O.D.
M.P.
Fretes
outros
Total Dir.

1,491,600.00
1,690,800.00
______________ ______________
86,400.00
100,800.00
960,000.00
1,120,000.00
28,800.00
33,600.00
120,000.00
140,000.00
1,195,200.00
1,394,400.00

b) Indiretos: M.O.I.
Segs.
Manut.
outros
Total Ind.
___________________________________
(=) margem bruta
___________________________________
(-) Desp. Gerais
_______________________________
a) Fixas: Desp. Adm.
outras
b) Variveis: Vendas
Impostos
Financeiras
Outras
_____
Total Var.

108,000.00
38,400.00
150,000.00
0.00
296,400.00
______________
908,400.00
______________
574,400.00
______________
144,000.00
20,000.00
120,000.00
288,000.00
2,400.00
0.00
______________
410,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
______________
1,109,200.00
______________
642,800.00
______________
144,000.00
20,000.00
140,000.00
336,000.00
2,800.00
0.00
______________
478,800.00

152,744.45

152,744.45

206,800.00
______________
-25,544.45
______________
-10,217.78
______________
-15,326.67
______________
0.00

206,800.00
______________
106,855.55
______________
42,742.22
______________
64,113.33
______________
0.00

-0.64
-1.51

2.29
5.91

(-) Juros de Financ.


(-) Depreciao e Amort.
de Desp. Pre-Operac.
_______________________________
(=) Lucro Liq. Antes I.R.
_______________________________
(-) I.R.
_______________________________
(=) Lucro Liq. Aps I.R.
_______________________________
Dividendos
ndices:
lucratividade (%)
rentabilidade (%)

------------------------------------------------------------------------- ----------------------- -----------------------Ano 00


Ano 01
iv) Quadro de Usos e Fontes
____________________________________________ ______________ ______________
usos:
Fixo: terreno
0.00
const. civil
420,000.00

equip. inst.
projetos
Giro
_____________
Total
_________________________
fontes:
Financiamentos
Rec. Prprios
_____________
Total

1,500,000.00
200,000.00
425,740.91
67,027.27
______________ ______________
2,545,740.91
67,027.27
______________ ______________
1,527,444.55
1,018,296.36
67,027.27
______________ ______________
2,545,740.91
67,027.27

------------------------------------------------------------------------- ----------------------- -----------------------Ano 01


Ano 02
v) Capacidade de Pagamento
___________________________________
______________ ______________
lucro liq. antes I.R.
-25,544.45
106,855.55
(-) I.R.
-10,217.78
42,742.22
(+) Depreciao e Amort.
de Desp. Pre-Operac.
206,800.00
206,800.00
(-) Dividendos
0.00
0.00
(-) Invest. Com Rec.Prprios
67,027.27
67,027.27
a (=) Saldo para Amortiz.
124,446.05
203,886.05
b (-) Amortizao
0.00
0.00
_____________________________
______________ ______________
(=) Saldo Final
124,446.05
203,886.05
Saldo Acumulado
124,446.05
328,332.11
0.00
0.00
ndice utilizao capac.pagam(b/a)
------------------------------------------------------------------------- ----------------------- -----------------------vi) Analise do Retorno

Ano 00

Ano 01

Receitas
(-) Custos de Produo
_______________________________
C.I.D.
C.I.I.

2,400,000.00
1,491,600.00
______________ ______________
1,195,200.00
296,400.00

(-) Desp. Gerais


_______________________________
fixas
variveis

554,400.00
______________ ______________
144,000.00
410,400.00

(-) Juros do Financ.


(-) Deprec. + Amort.de desp.pr operac.
_______________________________
(=) Lucro Antes do I.R.
(-) I.R.
(+) Juros do Financ.
(+) Deprec. + Amort.desp. Pr oper.

152,744.45
206,800.00
______________ ______________
-25,544.45
-10,217.78
152,744.45
206,800.00

_______________________________
(=) Fluxo Operacional do Empreend.
(-) Amort. Financ.
(-) Juros do financ.
_______________________________

______________ ______________
344,217.78
0.00
152,744.45
______________ ______________

(=) Fluxo Operacional do Acionista


191,473.33
________________________________
____________________
_____________________
(-) Rec. Prprios
1,018,296.36
67,027.27
(-) Investimento
2,545,740.91
67,027.27
(+) Financ.
1,527,444.55
0.00
_______________________________
______________ ______________
(=) Fx. Empr. Final
-2,545,740.91
277,190.51
(=) Fx. Acion. Final
-1,018,296.36
124,446.05
------------------------------------------------------------------------- ----------------------- -----------------------7.61
tir empreendimento(%aa)
4.56
tir
acionista
(%aa)
VPL empreendimento
VPL acionista

Avaliao:

-356702.37
-264608.09

civil, equip. e inst.

v. fixo - terreno + giro

s/ equip. e inst.
mort. pre-oper.
cro liq. depois do I.R.

80.0%

100.0%

100.0%

Ano 03

Ano 04

Ano 05

115,200.00
1,280,000.00
38,400.00
160,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

1,593,600.00

1,992,000.00

1,992,000.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

296,400.00
1,890,000.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

460,400.00

460,400.00

460,400.00

1,593,600.00
384,000.00
160,000.00
3,200.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

2,140,800.00

2,676,000.00

2,676,000.00

2,601,200.00
3,200,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

29,090.91
59,927.27
36,459.09
436,363.64
128,863.64
690,704.55

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

87,272.73
43,636.36

109,090.91
54,545.45

109,090.91
54,545.45

492,768.18
67,027.27

559,795.45
134,054.55

693,850.00
0.00

690,704.55

857,486.36

857,486.36

Juros

152,744.45
152,744.45
152,744.45
101,829.64
50,914.82
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Prestaes

152,744.45
152,744.45
661,892.64
610,977.82
560,063.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Saldo Final

1,527,444.55
1,527,444.55
1,018,296.36
509,148.18
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

ano3
ano4
ano5
_______________ ________________ ____________________________________________________________________
3,200,000.00
4,000,000.00
4,000,000.00
_______________ ________________ ____________________________________________________________________

1,890,000.00
2,288,400.00
2,288,400.00
_______________ ________________ ____________________________________________________________________
115,200.00
144,000.00
144,000.00
1,280,000.00
1,600,000.00
1,600,000.00
38,400.00
48,000.00
48,000.00
160,000.00
200,000.00
200,000.00
1,593,600.00
1,992,000.00
1,992,000.00
108,000.00
38,400.00
150,000.00
0.00
296,400.00
_______________
1,310,000.00
_______________
711,200.00
_______________
144,000.00
20,000.00
160,000.00
384,000.00
3,200.00
0.00
_______________
547,200.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
________________
1,711,600.00
________________
848,000.00
________________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
________________
684,000.00

152,744.45

101,829.64

206,800.00
_______________
239,255.55
_______________
95,702.22
_______________
143,553.33
_______________
0.00

206,800.00
________________
554,970.36
________________
221,988.15
________________
332,982.22
________________
0.00

4.49
12.46

8.32
25.88

108,000.00
38,400.00
150,000.00
0.00
296,400.00
____________________________________________________________________
1,711,600.00
____________________________________________________________________
848,000.00
____________________________________________________________________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________________________________________________________________
684,000.00
50,914.82

206,800.00
____________________________________________________________________
605,885.18
____________________________________________________________________
242,354.07
____________________________________________________________________
363,531.11
____________________________________________________________________
0.00

9.09
28.26

------------------------- -------------------------- ------------------------- ------------------------ ------------------------ --------------

Ano 02
Ano 03
Ano 04
Ano 05
Total
_______________ ________________ _______________ ____________________________________________________
0.00
420,000.00

1,500,000.00
200,000.00
67,027.27
134,054.55
0.00
0.00
693,850.00
_______________ ________________ _______________ ______________ ______________
67,027.27
134,054.55
0.00
0.00
2,813,850.00
_______________ ________________ _______________ ______________ ______________
1,527,444.55
67,027.27
134,054.55
0.00
0.00
1,286,405.45
_______________ ________________ _______________ ______________ ______________
67,027.27
134,054.55
0.00
0.00
2,813,850.00

------------------------- -------------------------- ------------------------- ------------------------ ------------------------ --------------

Ano 03
Ano 04
Ano 05
_______________ ________________ ____________________________________________________________________
239,255.55
554,970.36
605,885.18
95,702.22
221,988.15
242,354.07

206,800.00
206,800.00
206,800.00
0.00
0.00
0.00
134,054.55
0.00
0.00
216,298.78
539,782.22
570,331.11
509,148.18
509,148.18
509,148.18
_______________ ________________ ____________________________________________________________________
-292,849.40
30,634.04
61,182.93
35,482.71
66,116.75
127,299.67
2.35
0.94
0.89
------------------------- -------------------------- ---------------------------------------------------------------------------------------------------------------Ano 02

Ano 03

Ano 04

Ano 05

2,800,000.00
3,200,000.00
4,000,000.00
4,000,000.00
1,690,800.00
1,890,000.00
2,288,400.00
2,288,400.00
_______________ ________________ _______________ ____________________________________________________
1,394,400.00
1,593,600.00
1,992,000.00
1,992,000.00
296,400.00
296,400.00
296,400.00
296,400.00

642,800.00
711,200.00
848,000.00
848,000.00
_______________ ________________ _______________ ____________________________________________________
144,000.00
144,000.00
144,000.00
144,000.00
478,800.00
547,200.00
684,000.00
684,000.00

152,744.45
152,744.45
101,829.64
50,914.82
206,800.00
206,800.00
206,800.00
206,800.00
_______________ ________________ _______________ ____________________________________________________
106,855.55
239,255.55
554,970.36
605,885.18
42,742.22
95,702.22
221,988.15
242,354.07
152,744.45
152,744.45
101,829.64
50,914.82
206,800.00
206,800.00
206,800.00
206,800.00

_______________ ________________ _______________ ____________________________________________________


423,657.78
503,097.78
641,611.85
621,245.93
0.00
509,148.18
509,148.18
509,148.18
152,744.45
152,744.45
101,829.64
50,914.82
_______________ ________________ _______________ ____________________________________________________

270,913.33
-158,794.85
30,634.04
61,182.93
___________________
____________________
__________________________________
67,027.27
134,054.55
0.00
-1,117,850.00
67,027.27
134,054.55
0.00
-1,117,850.00
0.00
0.00
0.00
0.00
_______________ ________________ _______________ ____________________________________________________
356,630.51
369,043.24
641,611.85
1,739,095.93
203,886.05
-292,849.40
30,634.04
1,179,032.93
------------------------- -------------------------- ------------------------- -------------------------------------------------------------------------------------

_______________________________________________________________
_______________________________________________________________

_______________________________________________________________

_______________________________________________________________
_______________________________________________________________
_______________________________________________________________

_______________________________________________________________

_______________________________________________________________
_______________________________________________________________
_______________________________________________________________
_______________________________________________________________

-------------- -------------- -------------- -------------- -------------- -------------- -------------- -------------- --------------

_________________________________________________________________________________

-------------- -------------- -------------- -------------- -------------- -------------- -------------- --------------

_______________________________________________________________

_______________________________________________________________

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_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

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Fbrica de Surimi
1.Informaes Sobre o Projeto:
Nome:
Prazo de Anlise: 10 anos
i) Investimentos Fixos:
terreno
0.00
construo civil
420,000.00
equip. e instalaes
1,500,000.00
projetos, montagem e outros
200,000.00
___________________________
TOTAL
2,120,000.00
ii) Faturamento Anual (100%):
iii) Dados Sobre Custos (100%):
matria-prima
mo de obra direta e encargos
mo de obra indireta e encargos
pessoal administrativo
seguros
pecas de reposio
fretes
comisses de vendas
Impostos
despesas financeiras

Outros
Outros
Outras
Outras

Custos Ind. Diretos


Custos Ind. Indiretos
Despesas Gerais Fixas
Despesas Gerais Variveis

iv) Implantao
prazo de implantao (1 ano)
Prazo de anlise (10 anos)
dias de operao no ano
v) Giro Prprio
dias faturamento ( caixa )
dias estoque mat. prima
dias estoque prod. acab.
prazo mdio dos fornecedores
prazo de clientes(s vendas a prazo)
prazo de prod.em elaborao
vi) Financiamento
percentual financiado
taxa de juros
carncia
amortizao

R$
R$
R$
R$
R$

4,000,000.00 R$

1,600,000.00
144,000.00
108,000.00
144,000.00
2.0%
10.0%
3.0%
5.0%
12.0%
0.0%
100.0%
10.0%
1.0%
num.dias
200,000.00
0.00
20,000.00
0.00

R$
R$
R$
R$
s/ c.civil, equip. e inst.
s/ equip. e inst.
s/ M.P.
s/ fat.
s/ vendas
s/ compras
vendido a prazo
descontado
ao ms
(vide item v)
R$
R$
R$
R$

220

Dia(s)

2
10
15
15
30
5

Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)

60.0% s/ inv. fixo - terreno + giro


10.0%
2 Ano(s)
6 Ano(s)

vii) Outras
depreciao: construes
4.0%
equip. inst.
10.0%
amort. desp. pre-oper.
20.0%
dividendos
0.0%
I.R.
40.0%
Valor residual (fixo)
212,000.00
Utilizao da capacidade: preencher na planilha de custos
TMA
12.00

2.Resultados:
% Utilizao Capacidade:

i) Estruturao de Custos
Custos indust. diretos
mo-de-obra direta e encargos
matria-prima
fretes
outros custos ind. diretos
subtotal 1
Custos indust. indiretos
mo-de-obra indireta e encargos
seguros
manuteno
outros custos indust. indiretos
subtotal 2
subtotal Industrial
Despesas Gerais Fixas
custos indust. indir.
despesas admin.
outras desp. gerais fixas
subtotal 3
Despesas Gerais Variveis
custos indust. dir.
Impostos (liquido)
vendas
desp. financeiras
outras desp. gerais variveis
subtotal 4
Total Geral dos Custos
Receitas

a.a s/ c. civil
a.a. s/ equip. e inst.
p/ amort. pre-oper.
s/ lucro liq. depois do I.R.

%aa

60.0%

70.0%

70.0%

Ano 01

Ano 02

Ano 03

86,400.00
100,800.00
100,800.00
960,000.00
1,120,000.00
1,120,000.00
28,800.00
33,600.00
33,600.00
120,000.00
140,000.00
140,000.00
_____________ _____________ ______________
1,195,200.00
1,394,400.00
1,394,400.00

108,000.00
108,000.00
108,000.00
38,400.00
38,400.00
38,400.00
150,000.00
150,000.00
150,000.00
0.00
0.00
0.00
_____________ _____________ ______________
296,400.00
296,400.00
296,400.00
1,491,600.00
1,690,800.00
1,690,800.00

296,400.00
296,400.00
296,400.00
144,000.00
144,000.00
144,000.00
20,000.00
20,000.00
20,000.00
_____________ _____________ ______________
460,400.00
460,400.00
460,400.00

1,195,200.00
1,394,400.00
1,394,400.00
288,000.00
336,000.00
336,000.00
120,000.00
140,000.00
140,000.00
2,400.00
2,800.00
2,800.00
0.00
0.00
0.00
_____________ _____________ ______________
1,605,600.00
1,873,200.00
1,873,200.00
_____________ _____________ ______________
2,066,000.00
2,333,600.00
2,333,600.00
2,400,000.00
2,800,000.00
2,800,000.00

----------------------------------------------------------------- ---------------------- ---------------------- -----------------------

ii) Capital de Giro


_____________ _____________ ______________
Necessidades
disponibilidade
estoque de M.P.
estoque de P.E.
financ. de vendas
estoque de P.A .
Total
Coberturas
credito de fornec.
duplic. descontadas
financiamento de curto prazo
giro existente
adicional de giro

21,818.18
44,945.45
28,186.36
327,272.73
101,700.00
523,922.73

25,454.55
52,436.36
32,322.73
381,818.18
115,281.82
607,313.64

25,454.55
52,436.36
32,322.73
381,818.18
115,281.82
607,313.64

65,454.55
32,727.27

76,363.64
38,181.82

76,363.64
38,181.82

425,740.91
492,768.18
425,740.91
67,027.27
0.00
_____________ _____________ ______________
Total
523,922.73
607,313.64
607,313.64
----------------------------------------------------------------- ---------------------- ---------------------- -----------------------

A U X I L I A R

- Planilha do Financiamento

Saldo Devedor
Amortizaes
Juros
_______________________________________ _____________ _____________ ______________
Ano 00
1,527,444.55
Ano 01
1,527,444.55
0.00
152,744.45
Ano 02
1,527,444.55
0.00
152,744.45
Ano 03
1,527,444.55
254,574.09
152,744.45
Ano 04
1,272,870.45
254,574.09
127,287.05
Ano 05
1,018,296.36
254,574.09
101,829.64
Ano 06
763,722.27
254,574.09
76,372.23
Ano 07
509,148.18
254,574.09
50,914.82
Ano 08
254,574.09
254,574.09
25,457.41
Ano 09
0.00
0.00
0.00
Ano 10
0.00
0.00
0.00
Ano 11
0.00
0.00
0.00
Ano 12
0.00
0.00
0.00
_______________________________________ _____________ _____________ ______________
----------------------------------------------------------------- ---------------------- ---------------------- -----------------------

iii) Demonst.Result.Exerccio
___________________________________
Receitas
___________________________________

ano1
ano2
ano3
_____________ _____________ ______________
2,400,000.00
2,800,000.00
2,800,000.00
_____________ _____________ ______________

(-) custos de produo


___________________________________
a) Diretos: M.O.D.
M.P.
Fretes
outros
Total Dir.

1,491,600.00
1,690,800.00
1,690,800.00
_____________ _____________ ______________
86,400.00
100,800.00
100,800.00
960,000.00
1,120,000.00
1,120,000.00
28,800.00
33,600.00
33,600.00
120,000.00
140,000.00
140,000.00
1,195,200.00
1,394,400.00
1,394,400.00

b) Indiretos: M.O.I.
Segs.
Manut.
outros
Total Ind.
___________________________________
(=) lucro bruto
___________________________________
(-) Desp. Gerais
_______________________________
a) Fixas: Desp. Adm.
outras
b) Variveis: Vendas
impostos
Financ.
Outras
_____
Total Var.

108,000.00
38,400.00
150,000.00
0.00
296,400.00
_____________
908,400.00
_____________
574,400.00
_____________
144,000.00
20,000.00
120,000.00
288,000.00
2,400.00
0.00
_____________
410,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
_____________
1,109,200.00
_____________
642,800.00
_____________
144,000.00
20,000.00
140,000.00
336,000.00
2,800.00
0.00
_____________
478,800.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
______________
1,109,200.00
______________
642,800.00
______________
144,000.00
20,000.00
140,000.00
336,000.00
2,800.00
0.00
______________
478,800.00

152,744.45

152,744.45

152,744.45

206,800.00
_____________
-25,544.45
_____________
-10,217.78
_____________
-15,326.67
_____________
0.00

206,800.00
_____________
106,855.55
_____________
42,742.22
_____________
64,113.33
_____________
0.00

206,800.00
______________
106,855.55
______________
42,742.22
______________
64,113.33
______________
0.00

-0.64
-1.51

2.29
5.91

2.29
5.91

(-) Juros de Financ.


(-) Depreciao e Amort.
de Desp. Pre-Operac.
_______________________________
(=) Lucro Liq. Antes I.R.
_______________________________
(-) I.R.
_______________________________
(=) Lucro Liq. Aps I.R.
_______________________________
Dividendos
ndices:
lucratividade (%)
rentabilidade (%)

----------------------------------------------------------------- ---------------------- ---------------------- ----------------------Ano 00


Ano 01
Ano 02
iv) Quadro de Usos e Fontes
_______________________________________ _____________ _____________ ______________
usos:
Fixo: terreno
0.00
const. civil
420,000.00

equip. inst.
projetos
Giro
_____________
Total
_________________________
fontes:
Financiamentos
Rec. Prprios
_____________
Total

1,500,000.00
200,000.00
425,740.91
67,027.27
0.00
_____________ _____________ ______________
2,545,740.91
67,027.27
0.00
_____________ _____________ ______________
1,527,444.55
1,018,296.36
67,027.27
0.00
_____________ _____________ ______________
2,545,740.91
67,027.27
0.00

----------------------------------------------------------------- ---------------------- ---------------------- ----------------------Ano 01


Ano 02
Ano 03
v) Capacidade de Pagamento
___________________________________
_____________ _____________ ______________
lucro liq. antes I.R.
-25,544.45
106,855.55
106,855.55
(-) I.R.
-10,217.78
42,742.22
42,742.22
(+) Depreciao e Amort.
de Desp. Pre-Operac.
206,800.00
206,800.00
206,800.00
(-) Dividendos
0.00
0.00
0.00
(-) Invest. Com Rec.Prprios
67,027.27
0.00
134,054.55
a (=) Saldo para Amortiz.
124,446.05
270,913.33
136,858.78
b (-) Amortizao
0.00
0.00
254,574.09
_____________________________
_____________ _____________ ______________
(=) Saldo Final
124,446.05
270,913.33
-117,715.31
Saldo Acumulado
124,446.05
395,359.38
277,644.07
ndice utilizao capac.pagam(b/a)
0.00
0.00
1.86
----------------------------------------------------------------- ---------------------- ---------------------- ----------------------vi) Analise do Retorno

Ano 00

Ano 01

Ano 02

Receitas
(-) Custos de Produo
_______________________________
C.I.D.
C.I.I.

2,400,000.00
2,800,000.00
1,491,600.00
1,690,800.00
_____________ _____________ ______________
1,195,200.00
1,394,400.00
296,400.00
296,400.00

(-) Desp. Gerais


_______________________________
fixas
variveis

554,400.00
642,800.00
_____________ _____________ ______________
144,000.00
144,000.00
410,400.00
478,800.00

(-) Juros do Financ.


(-) Deprec. + Amort.desp.pr oper.
_______________________________
(=) Lucro Antes do I.R.
(-) I.R.
(+) Juros do Financ.
(+) Deprec. + Amort.desp.pr oper.

152,744.45
152,744.45
206,800.00
206,800.00
_____________ _____________ ______________
-25,544.45
106,855.55
-10,217.78
42,742.22
152,744.45
152,744.45
206,800.00
206,800.00

_______________________________
(=) Fluxo Operacional do Empreend.
(-) Amort. Financ.
(-) Juros do fianc.
_______________________________

_____________ _____________ ______________


344,217.78
423,657.78
0.00
0.00
152,744.45
152,744.45
_____________ _____________ ______________

(=) Fluxo Operacional do Acionista


191,473.33
270,913.33
________________________________
____________________
_____________________
___________________
(-) Rec. Prprios
1,018,296.36
67,027.27
0.00
(-) Investimento
2,545,740.91
67,027.27
0.00
(+) Financ.
1,527,444.55
0.00
0.00
_______________________________
_____________ _____________ ______________
(=) Fx. Empr. Final
-2,545,740.91
277,190.51
423,657.78
(=) Fx. Acion. Final
-1,018,296.36
124,446.05
270,913.33
----------------------------------------------------------------- ---------------------- ---------------------- ----------------------15.30
tir empreendimento(%aa)
19.73
tir
acionista
(%aa)
VPL empreendimento
VPL acionista

Anlise:

447637.11
563146.34

90.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

Ano 09

129,600.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
1,440,000.00
1,600,000.00
1,600,000.00
1,600,000.00
1,600,000.00
1,600,000.00
43,200.00
48,000.00
48,000.00
48,000.00
48,000.00
48,000.00
180,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
_____________ ____________ _____________ _______________ ______________ _______________
1,792,800.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00

108,000.00
108,000.00
108,000.00
108,000.00
108,000.00
108,000.00
38,400.00
38,400.00
38,400.00
38,400.00
38,400.00
38,400.00
150,000.00
150,000.00
150,000.00
150,000.00
150,000.00
150,000.00
0.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
2,089,200.00
2,288,400.00
2,288,400.00
2,288,400.00
2,288,400.00
2,288,400.00

296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
20,000.00
_____________ ____________ _____________ _______________ ______________ _______________
460,400.00
460,400.00
460,400.00
460,400.00
460,400.00
460,400.00

1,792,800.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00
432,000.00
480,000.00
480,000.00
480,000.00
480,000.00
480,000.00
180,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
3,600.00
4,000.00
4,000.00
4,000.00
4,000.00
4,000.00
0.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
2,408,400.00
2,676,000.00
2,676,000.00
2,676,000.00
2,676,000.00
2,676,000.00
_____________ ____________ _____________ _______________ ______________ _______________
2,868,800.00
3,136,400.00
3,136,400.00
3,136,400.00
3,136,400.00
3,136,400.00
3,600,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00

---------------------- -------------------- --------------------- ------------------------- ------------------------ -------------------------

_____________ ____________ _____________ _______________ ______________ _______________


32,727.27
67,418.18
40,595.45
490,909.09
142,445.45
774,095.45

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

98,181.82
49,090.91

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

492,768.18
626,822.73
693,850.00
693,850.00
693,850.00
693,850.00
134,054.55
67,027.27
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
774,095.45
857,486.36
857,486.36
857,486.36
857,486.36
857,486.36
---------------------- -------------------- --------------------- ------------------------- ------------------------ -------------------------

Prestaes
Saldo Final
_____________ ____________ _____________ _______________
152,744.45
1,527,444.55
152,744.45
1,527,444.55
407,318.55
1,272,870.45
381,861.14
1,018,296.36
356,403.73
763,722.27
330,946.32
509,148.18
305,488.91
254,574.09
280,031.50
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________
---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------ano4
ano5
ano6
ano7
ano8
ano9
_____________ ____________ _____________ _______________ ______________ _______________
3,600,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
_____________ ____________ _____________ _______________ ______________ _______________

2,089,200.00
2,288,400.00
2,288,400.00
2,288,400.00
2,288,400.00
2,288,400.00
_____________ ____________ _____________ _______________ ______________ _______________
129,600.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
1,440,000.00
1,600,000.00
1,600,000.00
1,600,000.00
1,600,000.00
1,600,000.00
43,200.00
48,000.00
48,000.00
48,000.00
48,000.00
48,000.00
180,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
1,792,800.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00
108,000.00
38,400.00
150,000.00
0.00
296,400.00
_____________
1,510,800.00
_____________
779,600.00
_____________
144,000.00
20,000.00
180,000.00
432,000.00
3,600.00
0.00
_____________
615,600.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
_____________
1,711,600.00
_____________
848,000.00
_____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
_____________
684,000.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
_______________
1,711,600.00
_______________
848,000.00
_______________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
_______________
684,000.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
______________
1,711,600.00
______________
848,000.00
______________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
______________
684,000.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00
_______________
1,711,600.00
_______________
848,000.00
_______________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
_______________
684,000.00

127,287.05

101,829.64

76,372.23

50,914.82

25,457.41

0.00

206,800.00
_____________
397,112.95
_____________
158,845.18
_____________
238,267.77
_____________
0.00

206,800.00
____________
554,970.36
____________
221,988.15
____________
332,982.22
____________
0.00

166,800.00
_____________
620,427.77
_____________
248,171.11
_____________
372,256.66
_____________
0.00

166,800.00
_______________
645,885.18
_______________
258,354.07
_______________
387,531.11
_______________
0.00

166,800.00
______________
671,342.59
______________
268,537.04
______________
402,805.55
______________
0.00

166,800.00
_______________
696,800.00
_______________
278,720.00
_______________
418,080.00
_______________
0.00

6.62
19.54

8.32
25.88

9.31
28.94

9.69
30.13

10.07
31.31

10.45
32.50

---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------Ano 03


Ano 04
Ano 05
Ano 06
Ano 07
Ano 08
_____________ ____________ _____________ _______________ ______________ _______________

134,054.55
67,027.27
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
134,054.55
67,027.27
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________

134,054.55
67,027.27
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
134,054.55
67,027.27
0.00
0.00
0.00
0.00

---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------Ano 04


Ano 05
Ano 06
Ano 07
Ano 08
Ano 09
_____________ ____________ _____________ _______________ ______________ _______________
397,112.95
554,970.36
620,427.77
645,885.18
671,342.59
696,800.00
158,845.18
221,988.15
248,171.11
258,354.07
268,537.04
278,720.00
206,800.00
206,800.00
166,800.00
166,800.00
166,800.00
166,800.00
0.00
0.00
0.00
0.00
0.00
0.00
67,027.27
0.00
0.00
0.00
0.00
0.00
378,040.50
539,782.22
539,056.66
554,331.11
569,605.55
584,880.00
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
0.00
_____________ ____________ _____________ _______________ ______________ _______________
123,466.41
285,208.13
284,482.57
299,757.02
315,031.46
584,880.00
401,110.48
686,318.61
970,801.18
1,270,558.20
1,585,589.66
2,170,469.66
0.67
0.47
0.47
0.46
0.45
0.00
---------------------- -------------------- --------------------- ------------------------- ------------------------ ------------------------Ano 03

Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

2,800,000.00
3,600,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
1,690,800.00
2,089,200.00
2,288,400.00
2,288,400.00
2,288,400.00
2,288,400.00
_____________ ____________ _____________ _______________ ______________ _______________
1,394,400.00
1,792,800.00
1,992,000.00
1,992,000.00
1,992,000.00
1,992,000.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
642,800.00
779,600.00
848,000.00
848,000.00
848,000.00
848,000.00
_____________ ____________ _____________ _______________ ______________ _______________
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
478,800.00
615,600.00
684,000.00
684,000.00
684,000.00
684,000.00
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
206,800.00
206,800.00
206,800.00
166,800.00
166,800.00
166,800.00
_____________ ____________ _____________ _______________ ______________ _______________
106,855.55
397,112.95
554,970.36
620,427.77
645,885.18
671,342.59
42,742.22
158,845.18
221,988.15
248,171.11
258,354.07
268,537.04
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
206,800.00
206,800.00
206,800.00
166,800.00
166,800.00
166,800.00

_____________ ____________ _____________ _______________ ______________ _______________


423,657.78
572,354.82
641,611.85
615,428.89
605,245.93
595,062.96
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
_____________ ____________ _____________ _______________ ______________ _______________
16,339.24
190,493.68
285,208.13
284,482.57
299,757.02
315,031.46
____________________
__________________
________________
_________________
_________________
_________________
134,054.55
67,027.27
0.00
0.00
0.00
0.00
134,054.55
67,027.27
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
_____________ ____________ _____________ _______________ ______________ _______________
289,603.24
505,327.55
641,611.85
615,428.89
605,245.93
595,062.96
-117,715.31
123,466.41
285,208.13
284,482.57
299,757.02
315,031.46
---------------------- -------------------- --------------------- ------------------------- ------------------------ -------------------------

100.0%

Ano 10
144,000.00
1,600,000.00
48,000.00
200,000.00
_________________________________________________________________________________
1,992,000.00

108,000.00
38,400.00
150,000.00
0.00
_________________________________________________________________________________
296,400.00
2,288,400.00

296,400.00
144,000.00
20,000.00
_________________________________________________________________________________
460,400.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00
_________________________________________________________________________________
2,676,000.00
_________________________________________________________________________________
3,136,400.00
4,000,000.00

-------------------------------------------------------------------------------------------------------------------------------------

_________________________________________________________________________________
36,363.64
74,909.09
44,731.82
545,454.55
156,027.27
857,486.36

109,090.91
54,545.45
693,850.00
0.00
_________________________________________________________________________________
857,486.36
-------------------------------------------------------------------------------------------------------------------------------------

---------------------------------------------------------------------------------------------------------------------------------------------------ano10
_________________________________________________________________________________
4,000,000.00
_________________________________________________________________________________

2,288,400.00
_________________________________________________________________________________
144,000.00
1,600,000.00
48,000.00
200,000.00
1,992,000.00
108,000.00
38,400.00
150,000.00
0.00
296,400.00
_________________________________________________________________________________
1,711,600.00
_________________________________________________________________________________
848,000.00
_________________________________________________________________________________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
_________________________________________________________________________________
684,000.00
0.00
166,800.00
_________________________________________________________________________________
696,800.00
_________________________________________________________________________________
278,720.00
_________________________________________________________________________________
418,080.00
_________________________________________________________________________________
0.00

10.45
32.50

------------------------- -------------------------------------------------------------------------------------------------------------------------Ano 09
Ano 10
Total
_______________ ________________ _________________________________________________________
0.00
420,000.00

1,500,000.00
200,000.00
0.00
0.00
693,850.00
_______________ ________________ _________________________________________________________
0.00
0.00
2,813,850.00
_______________ ________________ _________________________________________________________
1,527,444.55
0.00
0.00
1,286,405.45
_______________ ________________ _________________________________________________________
0.00
0.00
2,813,850.00

------------------------- --------------------------- ------------------------ ----------------------- -------------- -------------Ano 10


_________________________________________________________________________________
696,800.00
278,720.00
166,800.00
0.00
0.00
584,880.00
0.00
_________________________________________________________________________________
584,880.00
2,755,349.66
0.00
------------------------------------------------------------------------------------------------------------------------------------Ano 09

Ano 10

4,000,000.00
4,000,000.00
2,288,400.00
2,288,400.00
_______________ ___________________________________________________________________________________
1,992,000.00
1,992,000.00
296,400.00
296,400.00
848,000.00
848,000.00
_______________ ___________________________________________________________________________________
144,000.00
144,000.00
684,000.00
684,000.00
0.00
0.00
166,800.00
166,800.00
_______________ ___________________________________________________________________________________
696,800.00
696,800.00
278,720.00
278,720.00
0.00
0.00
166,800.00
166,800.00

_______________ ___________________________________________________________________________________
584,880.00
584,880.00
0.00
0.00
0.00
0.00
_______________ ___________________________________________________________________________________
584,880.00
584,880.00
____________________________________
0.00
-905,850.00
0.00
-905,850.00
0.00
0.00
_______________ ___________________________________________________________________________________
584,880.00
1,490,730.00
584,880.00
1,490,730.00
------------------------- -----------------------------------------------------------------------------------------------------------------------------------------

--------------- --------------

--------------- --------------

_________

_________
_________

_________

--------------

-------------- --------------

__________________

__________________

__________________

__________________

__________________

__________________

------------------------------

Fbrica de Surimi
1.Informaes Sobre o Projeto:
Nome:
Prazo de Anlise: 15 anos
i) Investimentos Fixos:
terreno
0.00 R$
construo civil
420,000.00 R$
equip. e instalaes
1,500,000.00 R$
projetos, montagem e outros
200,000.00 R$
___________________________
_______________
TOTAL
2,120,000.00 R$
ii) Faturamento Anual (100%):
iii) Dados Sobre Custos (100%):
matria-prima
mo de obra direta e encargos
mo de obra indireta e encargos
pessoal administrativo
seguros
pecas de reposio
fretes
comisses de vendas
Impostos
despesas financeiras

Outros Custos Ind. Diretos


Outros Custos Ind. Indiretos
Outras Despesas Gerais Fixas
Outras Despesas Gerais Variveis
iv) Implantao
prazo de implantao (1 ano)
Prazo de anlise (15 anos)
dias de operao no ano
v) Giro Prprio
dias faturamento ( caixa )
dias estoque mat. prima
dias estoque prod. acab.
prazo mdio dos fornecedores
prazo de clientes(s vendas a prazo)
prazo de prod.em elaborao
vi) Financiamento
percentual financiado
taxa de juros
carncia
amortizao
vii) Outras
depreciao: construes
equip. inst.
amort. desp. pre-oper.

4,000,000.00 R$

1,600,000.00
144,000.00
108,000.00
144,000.00
2.0%
10.0%
3.0%
5.0%
12.0%
0.0%
100.0%
10.0%
1.0%
num.dias
200,000.00
0.00
20,000.00
0.00

R$
R$
R$
R$
s/ c.civil, equip. e inst.
s/ equip. e inst.
s/ M.P.
s/ fat.
s/ vendas
s/ compras
vendido a prazo
descontado
ao ms
(vide item v)
R$
R$
R$
R$

220 Dia(s)

2
10
15
15
30
5

Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)
Dia(s)

60.0% s/ inv. fixo - terreno + giro


10.0%
2 Ano(s)
6 Ano(s)

4.0% a.a s/ c. civil


10.0% a.a. s/ equip. e inst.
20.0% p/ amort. pre-oper.

dividendos
0.0% s/ lucro liq. depois do I.R.
I.R.
40.0%
Valor residual (fixo)
212,000.00
Utilizao da capacidade: preencher na planilha de custos
TMA
12.00 %aa

2.Resultados:
% Utilizao Capacidade:

i) Estruturao de Custos

Custos indust. diretos


mo-de-obra direta e encargos
matria-prima
fretes
outros custos ind. diretos
subtotal 1
Custos indust. indiretos
mo-de-obra indireta e encargos
seguros
manuteno
outros custos indust. indiretos
subtotal 2
subtotal Industrial
Despesas Gerais Fixas
custos indust. indir.
despesas admin.
outras desp. gerais fixas
subtotal 3
Despesas Gerais Variveis
custos indust. dir.
Impostos (liquido)
vendas
desp. financeiras
outras desp. gerais variveis
subtotal 4
Total Geral dos Custos
Receitas

60.0%

70.0%

80.0%

Ano 01

Ano 02

Ano 03

86,400.00
960,000.00
28,800.00
120,000.00

100,800.00
1,120,000.00
33,600.00
140,000.00

115,200.00
1,280,000.00
38,400.00
160,000.00

1,195,200.00

1,394,400.00

1,593,600.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

296,400.00
1,491,600.00

296,400.00
1,690,800.00

296,400.00
1,890,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

460,400.00

460,400.00

460,400.00

1,195,200.00
288,000.00
120,000.00
2,400.00
0.00

1,394,400.00
336,000.00
140,000.00
2,800.00
0.00

1,593,600.00
384,000.00
160,000.00
3,200.00
0.00

1,605,600.00

1,873,200.00

2,140,800.00

2,066,000.00
2,400,000.00

2,333,600.00
2,800,000.00

2,601,200.00
3,200,000.00

------------------------------------------------------------------- ---------------------- -------------------- --------------------ii) Capital de Giro

Necessidades
disponibilidade
estoque de M.P.
estoque de P.E.

21,818.18
44,945.45
28,186.36

25,454.55
52,436.36
32,322.73

29,090.91
59,927.27
36,459.09

financ. de vendas
estoque de P.A .
Total
Coberturas
credito de fornec.
duplic. descontadas
financiamento de curto prazo
giro existente
adicional de giro

327,272.73
101,700.00
523,922.73

381,818.18
115,281.82
607,313.64

436,363.64
128,863.64
690,704.55

65,454.55
32,727.27

76,363.64
38,181.82

87,272.73
43,636.36

425,740.91

425,740.91
67,027.27

492,768.18
67,027.27

Total
523,922.73
607,313.64
690,704.55
------------------------------------------------------------------- ---------------------- -------------------- ---------------------

A U X I L I A R

- Planilha do Financiamento
Saldo Devedor Amortizaes

Ano 00
Ano 01
Ano 02
Ano 03
Ano 04
Ano 05
Ano 06
Ano 07
Ano 08
Ano 09
Ano 10
Ano 11
Ano 12

1,527,444.55
1,527,444.55
1,527,444.55
1,527,444.55
1,272,870.45
1,018,296.36
763,722.27
509,148.18
254,574.09
0.00
0.00
0.00
0.00

0.00
0.00
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
0.00
0.00
0.00
0.00

Juros

152,744.45
152,744.45
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
0.00
0.00
0.00
0.00

------------------------------------------------------------------- ---------------------- -------------------- --------------------iii) Demonst.Result.Exerccio

___________________________________
Receitas
___________________________________
(-) custos de produo
___________________________________
a) Diretos: M.O.D.
M.P.
Fretes
outros
Total Dir.
b) Indiretos: M.O.I.
Segs.
Manut.
outros
Total Ind.

ano1
ano2
ano3
_________________________ ____________
2,400,000.00 2,800,000.00 3,200,000.00
_____________ ____________ ____________
1,491,600.00 1,690,800.00 1,890,000.00
_____________ ____________ ____________
86,400.00
100,800.00
115,200.00
960,000.00 1,120,000.00 1,280,000.00
28,800.00
33,600.00
38,400.00
120,000.00
140,000.00
160,000.00
1,195,200.00 1,394,400.00 1,593,600.00
108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

___________________________________
(=) lucro bruto
___________________________________
(-) Desp. Gerais
_______________________________
a) Fixas: Desp. Adm.
outras
b) Variveis: Vendas
Impostos
Financ.
Outras
_____
Total Var.
(-) Juros de Financ.
(-) Depreciao e Amort.
de Desp. Pre-Operac.
_______________________________
(=) Lucro Liq. Antes I.R.
_______________________________
(-) I.R.
_______________________________
(=) Lucro Liq. Aps I.R.
_______________________________
Dividendos
ndices:
lucratividade (%)
rentabilidade (%)

_____________ ____________ ____________


908,400.00 1,109,200.00 1,310,000.00
_____________ ____________ ____________
574,400.00
642,800.00
711,200.00
_____________ ____________ ____________
144,000.00
144,000.00
144,000.00
20,000.00
20,000.00
20,000.00
120,000.00
140,000.00
160,000.00
288,000.00
336,000.00
384,000.00
2,400.00
2,800.00
3,200.00
0.00
0.00
0.00
_____________ ____________ ____________
410,400.00
478,800.00
547,200.00
152,744.45

152,744.45

152,744.45

206,800.00
206,800.00
206,800.00
_____________ ____________ ____________
-25,544.45
106,855.55
239,255.55
_____________ ____________ ____________
-10,217.78
42,742.22
95,702.22
_____________ ____________ ____________
-15,326.67
64,113.33
143,553.33
_____________ ____________ ____________
0.00
0.00
0.00

-0.64
-1.51

2.29
5.91

4.49
12.46

------------------------------------------------------------------- ---------------------- -------------------- --------------------Ano 00


Ano 01
Ano 02
iv) Quadro de Usos e Fontes
________________________________________ _____________ ____________ ____________
usos:
Fixo: terreno
0.00
const. civil
420,000.00
equip. inst.
1,500,000.00
projetos
200,000.00
Giro
_____________
Total
_________________________
fontes:
Financiamentos
Rec. Prprios
_____________
Total

425,740.91
67,027.27
67,027.27
_____________ ____________ ____________
2,545,740.91
67,027.27
67,027.27
_____________ ____________ ____________
1,527,444.55
1,018,296.36
67,027.27
67,027.27
_____________ ____________ ____________
2,545,740.91
67,027.27
67,027.27

------------------------------------------------------------------- ---------------------- -------------------- --------------------v) Capacidade de Pagamento

Ano 01

Ano 02

Ano 03

___________________________________
_____________ ____________ ____________
lucro liq. antes I.R.
-25,544.45
106,855.55
239,255.55
(-) I.R.
-10,217.78
42,742.22
95,702.22
(+) Depreciao e Amort.
de Desp. Pre-Operac.
206,800.00
206,800.00
206,800.00
(-) Dividendos
0.00
0.00
0.00
(-) Invest. Com Rec.Prprios
67,027.27
67,027.27
134,054.55
a (=) Saldo para Amortiz.
124,446.05
203,886.05
216,298.78
b (-) Amortizao
0.00
0.00
254,574.09
_____________________________
_____________ ____________ ____________
(=) Saldo Final
124,446.05
203,886.05
-38,275.31
Saldo Acumulado
124,446.05
328,332.11
290,056.80
ndice utilizao capac.pagam(b/a)
0.00
0.00
1.18
------------------------------------------------------------------- ---------------------- -------------------- --------------------vi) Analise do Retorno

Ano 00

Ano 01

Ano 02

Receitas
(-) Custos de Produo
_______________________________
C.I.D.
C.I.I.

2,400,000.00 2,800,000.00
1,491,600.00 1,690,800.00
_____________ ____________ ____________
1,195,200.00 1,394,400.00
296,400.00
296,400.00

(-) Desp. Gerais


_______________________________
fixas
variveis

554,400.00
642,800.00
_____________ ____________ ____________
144,000.00
144,000.00
410,400.00
478,800.00

(-) Juros do Financ.


(-) Deprec. + Amort.desp.pr oper.
_______________________________
(=) Lucro Antes do I.R.
(-) I.R.
(+) Juros do Financ.
(+) Deprec. + Amort.desp.pr oper.
_______________________________
(=) Fluxo Operacional do Empreend.
(-) Amort. Financ.
(-) Juros do financ.
_______________________________

152,744.45
152,744.45
206,800.00
206,800.00
_____________ ____________ ____________
-25,544.45
106,855.55
-10,217.78
42,742.22
152,744.45
152,744.45
206,800.00
206,800.00
_____________ ____________ ____________
344,217.78
423,657.78
0.00
0.00
152,744.45
152,744.45
_____________ ____________ ____________

(=) Fluxo Operacional do Acionista


191,473.33
270,913.33
________________________________
____________________
_____________________
___________________
(-) Rec. Prprios
1,018,296.36
67,027.27
67,027.27
(-) Investimento
2,545,740.91
67,027.27
67,027.27
(+) Financ.
1,527,444.55
0.00
0.00
_______________________________
_____________ ____________ ____________
(=) Fx. Empr. Final
-2,545,740.91
277,190.51
356,630.51
(=) Fx. Acion. Final
-1,018,296.36
124,446.05
203,886.05
------------------------------------------------------------------- ---------------------- -------------------- --------------------17.97
tir empreendimento(%aa)
23.34
tir
acionista
(%aa)

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

Ano 09

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

1,992,000.00

1,992,000.00

1,992,000.00

1,992,000.00

1,992,000.00

1,992,000.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

460,400.00

460,400.00

460,400.00

460,400.00

460,400.00

460,400.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

2,676,000.00

2,676,000.00

2,676,000.00

2,676,000.00

2,676,000.00

2,676,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

--------------------- -------------------- -------------------- --------------------- --------------------- --------------------

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

559,795.45
134,054.55

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

857,486.36
857,486.36
857,486.36
857,486.36
857,486.36
857,486.36
--------------------- -------------------- -------------------- --------------------- --------------------- --------------------

Prestaes

152,744.45
152,744.45
407,318.55
381,861.14
356,403.73
330,946.32
305,488.91
280,031.50
0.00
0.00
0.00
0.00

Saldo Final

1,527,444.55
1,527,444.55
1,272,870.45
1,018,296.36
763,722.27
509,148.18
254,574.09
0.00
0.00
0.00
0.00
0.00

--------------------- -------------------- -------------------- --------------------- --------------------- -------------------ano4


ano5
ano6
ano7
ano8
ano9
____________ ____________ ____________ ____________ _____________ ____________
4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00
4,000,000.00 4,000,000.00
____________ ____________ ____________ ____________ _____________ ____________
2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00
2,288,400.00 2,288,400.00
____________ ____________ ____________ ____________ _____________ ____________
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00
1,600,000.00 1,600,000.00
48,000.00
48,000.00
48,000.00
48,000.00
48,000.00
48,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00
1,992,000.00 1,992,000.00
108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

127,287.05

101,829.64

76,372.23

50,914.82

206,800.00
____________
529,512.95
____________
211,805.18
____________
317,707.77
____________
0.00

206,800.00
____________
554,970.36
____________
221,988.15
____________
332,982.22
____________
0.00

166,800.00
____________
620,427.77
____________
248,171.11
____________
372,256.66
____________
0.00

166,800.00
____________
645,885.18
____________
258,354.07
____________
387,531.11
____________
0.00

7.94
24.70

8.32
25.88

9.31
28.94

9.69
30.13

_____________ ____________
1,711,600.00 1,711,600.00
_____________ ____________
848,000.00
848,000.00
_____________ ____________
144,000.00
144,000.00
20,000.00
20,000.00
200,000.00
200,000.00
480,000.00
480,000.00
4,000.00
4,000.00
0.00
0.00
_____________ ____________
684,000.00
684,000.00
25,457.41

0.00

166,800.00
166,800.00
_____________ ____________
671,342.59
696,800.00
_____________ ____________
268,537.04
278,720.00
_____________ ____________
402,805.55
418,080.00
_____________ ____________
0.00
0.00

10.07
31.31

10.45
32.50

--------------------- -------------------- -------------------- --------------------- --------------------- -------------------Ano 03


Ano 04
Ano 05
Ano 06
Ano 07
Ano 08
____________ ____________ ____________ ____________ _____________ ____________

134,054.55
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ _____________ ____________
134,054.55
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ _____________ ____________

134,054.55
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ _____________ ____________
134,054.55
0.00
0.00
0.00
0.00
0.00

--------------------- -------------------- -------------------- --------------------- --------------------- -------------------Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

Ano 09

____________ ____________ ____________ ____________ _____________ ____________


529,512.95
554,970.36
620,427.77
645,885.18
671,342.59
696,800.00
211,805.18
221,988.15
248,171.11
258,354.07
268,537.04
278,720.00
206,800.00
206,800.00
166,800.00
166,800.00
166,800.00
166,800.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
524,507.77
539,782.22
539,056.66
554,331.11
569,605.55
584,880.00
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
0.00
____________ ____________ ____________ ____________ _____________ ____________
269,933.68
285,208.13
284,482.57
299,757.02
315,031.46
584,880.00
559,990.48
845,198.61 1,129,681.18 1,429,438.20
1,744,469.66 2,329,349.66
0.49
0.47
0.47
0.46
0.45
0.00
--------------------- -------------------- -------------------- --------------------- --------------------- -------------------Ano 03

Ano 04

Ano 05

Ano 06

Ano 07

Ano 08

3,200,000.00 4,000,000.00 4,000,000.00 4,000,000.00


4,000,000.00 4,000,000.00
1,890,000.00 2,288,400.00 2,288,400.00 2,288,400.00
2,288,400.00 2,288,400.00
____________ ____________ ____________ ____________ _____________ ____________
1,593,600.00 1,992,000.00 1,992,000.00 1,992,000.00
1,992,000.00 1,992,000.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
711,200.00
848,000.00
848,000.00
848,000.00
848,000.00
848,000.00
____________ ____________ ____________ ____________ _____________ ____________
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
547,200.00
684,000.00
684,000.00
684,000.00
684,000.00
684,000.00
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
206,800.00
206,800.00
206,800.00
166,800.00
166,800.00
166,800.00
____________ ____________ ____________ ____________ _____________ ____________
239,255.55
529,512.95
554,970.36
620,427.77
645,885.18
671,342.59
95,702.22
211,805.18
221,988.15
248,171.11
258,354.07
268,537.04
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
206,800.00
206,800.00
206,800.00
166,800.00
166,800.00
166,800.00
____________ ____________ ____________ ____________ _____________ ____________
503,097.78
651,794.82
641,611.85
615,428.89
605,245.93
595,062.96
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
254,574.09
152,744.45
127,287.05
101,829.64
76,372.23
50,914.82
25,457.41
____________ ____________ ____________ ____________ _____________ ____________
95,779.24
269,933.68
285,208.13
284,482.57
299,757.02
315,031.46
____________________
__________________
________________
_________________
_________________
_________________
134,054.55
0.00
0.00
0.00
0.00
0.00
134,054.55
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ _____________ ____________
369,043.24
651,794.82
641,611.85
615,428.89
605,245.93
595,062.96
-38,275.31
269,933.68
285,208.13
284,482.57
299,757.02
315,031.46
--------------------- -------------------- -------------------- --------------------- --------------------- --------------------

100.0%

100.0%

100.0%

100.0%

100.0%

100.0%

Ano 10

Ano 11

Ano 12

Ano 13

Ano 14

Ano 15

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

144,000.00
1,600,000.00
48,000.00
200,000.00

1,992,000.00

1,992,000.00

1,992,000.00

1,992,000.00

1,992,000.00

1,992,000.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

108,000.00
38,400.00
150,000.00
0.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
2,288,400.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

296,400.00
144,000.00
20,000.00

460,400.00

460,400.00

460,400.00

460,400.00

460,400.00

460,400.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

1,992,000.00
480,000.00
200,000.00
4,000.00
0.00

2,676,000.00

2,676,000.00

2,676,000.00

2,676,000.00

2,676,000.00

2,676,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

3,136,400.00
4,000,000.00

-------------------- --------------------- -------------------- --------------------- -------------------- --------------------

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

36,363.64
74,909.09
44,731.82

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

545,454.55
156,027.27
857,486.36

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

109,090.91
54,545.45

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

693,850.00
0.00

857,486.36
857,486.36
857,486.36
857,486.36
857,486.36
857,486.36
-------------------- --------------------- -------------------- --------------------- -------------------- --------------------

-------------------- --------------------- -------------------- --------------------- -------------------- -------------------ano10


ano11
ano12
ano13
ano14
ano15
____________ ____________ ____________ ____________ ____________ ____________
4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00
____________ ____________ ____________ ____________ ____________ ____________
2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00
____________ ____________ ____________ ____________ ____________ ____________
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00 1,600,000.00
48,000.00
48,000.00
48,000.00
48,000.00
48,000.00
48,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
200,000.00
1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00
108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

108,000.00
38,400.00
150,000.00
0.00
296,400.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

____________
1,711,600.00
____________
848,000.00
____________
144,000.00
20,000.00
200,000.00
480,000.00
4,000.00
0.00
____________
684,000.00

0.00

0.00

0.00

0.00

0.00

0.00

166,800.00
____________
696,800.00
____________
278,720.00
____________
418,080.00
____________
0.00

16,800.00
____________
846,800.00
____________
338,720.00
____________
508,080.00
____________
0.00

16,800.00
____________
846,800.00
____________
338,720.00
____________
508,080.00
____________
0.00

16,800.00
____________
846,800.00
____________
338,720.00
____________
508,080.00
____________
0.00

16,800.00
____________
846,800.00
____________
338,720.00
____________
508,080.00
____________
0.00

16,800.00
____________
846,800.00
____________
338,720.00
____________
508,080.00
____________
0.00

10.45
32.50

12.70
39.50

12.70
39.50

12.70
39.50

12.70
39.50

12.70
39.50

-------------------- --------------------- -------------------- --------------------- -------------------- -------------------Ano 09


Ano 10
Ano 11
Ano 12
Ano 13
Ano 14
____________ ____________ ____________ ____________ ____________ ____________

0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ ____________ ____________
0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ ____________ ____________

0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ ____________ ____________
0.00
0.00
0.00
0.00
0.00
0.00

-------------------- --------------------- -------------------- --------------------- -------------------- -------------------Ano 10

Ano 11

Ano 12

Ano 13

Ano 14

Ano 15

____________ ____________ ____________ ____________ ____________ ____________


696,800.00
846,800.00
846,800.00
846,800.00
846,800.00
846,800.00
278,720.00
338,720.00
338,720.00
338,720.00
338,720.00
338,720.00
166,800.00
16,800.00
16,800.00
16,800.00
16,800.00
16,800.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
584,880.00
524,880.00
524,880.00
524,880.00
524,880.00
524,880.00
0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ ____________ ____________
584,880.00
524,880.00
524,880.00
524,880.00
524,880.00
524,880.00
2,914,229.66 3,439,109.66 3,963,989.66 4,488,869.66 5,013,749.66 5,538,629.66
0.00
0.00
0.00
0.00
0.00
0.00
-------------------- --------------------- -------------------- --------------------- -------------------- -------------------Ano 09

Ano 10

Ano 11

Ano 12

Ano 13

Ano 14

4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00


2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00 2,288,400.00
____________ ____________ ____________ ____________ ____________ ____________
1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00 1,992,000.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
296,400.00
848,000.00
848,000.00
848,000.00
848,000.00
848,000.00
848,000.00
____________ ____________ ____________ ____________ ____________ ____________
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
144,000.00
684,000.00
684,000.00
684,000.00
684,000.00
684,000.00
684,000.00
0.00
0.00
0.00
0.00
0.00
0.00
166,800.00
166,800.00
16,800.00
16,800.00
16,800.00
16,800.00
____________ ____________ ____________ ____________ ____________ ____________
696,800.00
696,800.00
846,800.00
846,800.00
846,800.00
846,800.00
278,720.00
278,720.00
338,720.00
338,720.00
338,720.00
338,720.00
0.00
0.00
0.00
0.00
0.00
0.00
166,800.00
166,800.00
16,800.00
16,800.00
16,800.00
16,800.00
____________ ____________ ____________ ____________ ____________ ____________
584,880.00
584,880.00
524,880.00
524,880.00
524,880.00
524,880.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ ____________ ____________
584,880.00
584,880.00
524,880.00
524,880.00
524,880.00
524,880.00
__________________
__________________
_____________________
___________________
__________________
________________
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
____________ ____________ ____________ ____________ ____________ ____________
584,880.00
584,880.00
524,880.00
524,880.00
524,880.00
524,880.00
584,880.00
584,880.00
524,880.00
524,880.00
524,880.00
524,880.00
-------------------- --------------------- -------------------- --------------------- -------------------- --------------------

-------------------- ---------------------

-------------------- --------------------Ano 15
Total
____________ ____________
0.00
420,000.00
1,500,000.00
200,000.00
0.00
693,850.00
____________ ____________
0.00 2,813,850.00
____________ ____________
1,527,444.55
0.00 1,286,405.45
____________ ____________
0.00 2,813,850.00

--------------------

-------------------- --------------------Ano 15
4,000,000.00
2,288,400.00
_________________________
1,992,000.00
296,400.00
848,000.00
_________________________
144,000.00
684,000.00
0.00
16,800.00
____________ ____________
846,800.00
338,720.00
0.00
16,800.00
_________________________
524,880.00
0.00
0.00
_________________________
524,880.00
_____________________
________________
-905,850.00
-905,850.00
0.00
____________ ____________
1,430,730.00
1,430,730.00
-------------------- ---------------------