Escolar Documentos
Profissional Documentos
Cultura Documentos
Vida til
Valor Residual
Depreciacin
925,000
8
100,000
103,125
512,500
7
8
Aos
0
1
2
3
4
5
6
7
8
Depreciacion
Anual
Acumulada
103,125
103,125
103,125
103,125
103,125
103,125
103,125
103,125
825,000
103,125
206,250
309,375
412,500
515,625
618,750
721,875
825,000
Valor
Libro
925,000
821,875
718,750
615,625
512,500
409,375
306,250
203,125
100,000
Mquina
Vida Util
Valor Residual
Depreciacin
1,250,000
10 Aos
250,000
100,000
VR ao 4
850,000
ual/Vida util
Aos
0
1
2
3
4
5
6
7
8
9
10
Depreciacion
Anual
Acumulada
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
100,000
1,000,000
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000
Valor
Libro
1,250,000
1,150,000
1,050,000
950,000
850,000
750,000
650,000
550,000
450,000
350,000
250,000
Mquina
Vida til
Valor Residual
Depreciacin
125,000,000
5
10,000,000
23,000,000
eciacin acumulada
Aos
0
1
2
3
4
5
Depreciacion
Anual
Acumulada
23,000,000
23,000,000
23,000,000
23,000,000
23,000,000
115,000,000
Valor
Libro
125,000,000
23,000,000 102,000,000
46,000,000 79,000,000
69,000,000 56,000,000
92,000,000 33,000,000
115,000,000 10,000,000
Equipo Computacin
Vida til
Valor Residual
2,276,000
4
0
Depreciacin
569,000
Depreciacin Anual= (Valor Mquina- Valor Residual)/Vida til
VR ao 4=
Aos
Depreciacion
Anual
Acumulada
0
1
2
3
4
569,000
569,000
569,000
569,000
2,276,000
569,000
1,138,000
1,707,000
2,276,000
Valor
Libro
2,276,000
1,707,000
1,138,000
569,000
0
Automvil
Vida til
Valor Residual
13,750,000
5
0
Depreciacin
2,750,000
Depreciacin Anual= (Valor Mquina- Valor Residual)/Vida til
depreciacion acumulada
Valor Libro ao 3
2,750,000
8,250,000
5,500,000
dual)/Vida til
Aos
0
1
2
3
4
5
Depreciacion
Anual
Acumulada
2,750,000
2,750,000
2,750,000
5,500,000
2,750,000
8,250,000
2,750,000
11,000,000
2,750,000
13,750,000
13,750,000
Valor
Libro
13,750,000
11,000,000
8,250,000
5,500,000
2,750,000
0
Vtas.
CF
CVT
1)
2)
60,000
18,001
32,000
MCT=IT-CVT
MCT
28,000
Ve=CF*VT/(VT-CVT)
VE
38,574
El volumen de venta es de
38,574
60,000
32,000
28,000
18,001
9,999
Punto
Equilibrio
38,574
20,573
18,001
18,001
0
Utilidad
30%
50,146
26,745
23,402
18,001
5,400
CT=CF+CVT
CVT=Cvu*P
IT=P*Q
CF
CVu
P
Qe=CF/P-Cvu
Qe
180,000
50
200
CF
180,000
180,000
180,000
180,000
180,000
180,000
180,000
180,000
0
500
1,000
1,200
3,200
5,200
7,100
7,200
1200
1,600,000
1,400,000
1,200,000
1,000,000
1,600,000
800,000
1,400,000
600,000
1,200,000
400,000
1,000,000
200,000
800,000
0
600,000
500
1,000
400,000
200,000
0
500
1,000
1,200
P*Q
CVT
CT
180,000
205,000
230,000
240,000
340,000
440,000
535,000
540,000
0
25,000
50,000
60,000
160,000
260,000
355,000
360,000
IT
0
100,000
200,000
240,000
640,000
1,040,000
1,420,000
1,440,000
CF
CVT
CT
IT
CF
CVT
CT
1,000
1,200
1,200
3,200
3,200
5,200
5,200
7,100
7,100
7,200
7,200
IT
Cpu=CVu
P
Arriendo Local
GF
CFT
CFT
10.5
15
350
1,200 Mensuales
1,550 Mensuales
18600 Anuales
MCu=P-CVu
Qe=CF/MCu
Ve= Qe*P
MCu=
Qe=
Ve=
4.5
4,133
62,000
Cvu
P
CFT
2.8
5
1,800 Mensuales
MCu=P-CVu
Qe=CF/MCu
Ve= Qe*P
MCu=
Qe=
Ve=
2.2
818
4,091
vc
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
El valor de la cuota es de $
l valor de la cuota es de $
% Inversin
N Cuota
Inversin
Tasa
0
1,200,000
1
1,086,338
14,400
113,662
128,062
128,062
2
971,313
13,036
115,026
128,062
100%
10
1,200,000
1.2%
3
854,907
11,656
116,406
128,062
A P A / P, i%, n) ;
4
737,104
10,259
117,803
128,062
5
617,888
8,845
119,216
128,062
A / P, i%, n) i1
1
A P A / P, i%, n) ;
A / P, i%, n) i1 ni
1 i 1
6
497,241
7,415
120,647
128,062
7
375,146
5,967
122,095
128,062
8
251,586
4,502
123,560
128,062
10
126,543
3,019
125,043
128,062
0
1,519
126,543
128,062
PRESTAMO
VALOR
17,614,322
TASA 11% Cap Trim
8%
Periodo
10 aos
Depreciacion Lneal
2,201,790
Tmar
15%
1.20%
Ingresos
Costos Produccin
Costos Mantencin y otros
Remuneraciones
Gastos Adm. y Ventas
Resultado Bruto
Inters
Depreciacin
U.A.I
Impuesto (15%)
U.D.I
Inters
depreciacin
Patente
Arriendo
Cuota
Valor Residual AF
Inversin Inicial17,614,322
Prestamo
1,200,000
Inversiones Adicionales
N.K.T
3,000,199
Flujo de Caja -19,414,521
-19,414,521
TMAR
VAN
TIR
IVAN
PRC
15%
152,801,542
106%
8
1.00
90,401,383 100,499,880
57,724,788 64,173,070
6,960,000
7,029,600
4,800,000
4,800,000
2,520,000
2,520,000
18,396,595 21,977,210
14,400
13,036
2,150,540
2,150,540
16,231,655 19,813,634
2,434,748
2,972,045
13,796,907 16,841,589
14,400
13,036
2,150,540
2,150,540
217,600
221,952
1,320,000
1,353,000
128,062
128,062
14,296,185 17,302,152
-5,118,336
Pesos
%
Veces
Aos
1
90,401,383
57,724,788
6,960,000
4,800,000
2,520,000
18,396,595
158,529
2,150,540
16,087,526
2,413,129
2
100,499,880
64,173,070
7,029,600
4,800,000
2,520,000
21,977,210
119,603
2,150,540
19,707,067
2,956,060
U.D.I
13,674,397 16,751,007
Inters
158,529
119,603
depreciacin
2,150,540
2,150,540
Patente
217,600
221,952
Arriendo
1,320,000
1,353,000
Cuota
3,402,357
3,402,357
Valor Residual AF
Inversin Inicial17,614,322
Prestamo
13,210,742
Inversiones Adicionales
N.K.T
3,000,199
Flujo de Caja -7,403,780 11,043,509 14,043,841
-7,403,780
3,639,729 17,683,571
TMAR
VAN
TIR
IVAN
PRC
15%
155,711,813
190%
21
0.74
Pesos
%
Veces
Aos
1
2
90,401,383 100,499,880
57,724,788 64,173,070
6,960,000
7,029,600
4,800,000
4,800,000
2,520,000
2,520,000
18,396,595 21,977,210
105,686
79,735
2,150,540
2,150,540
16,140,369 19,746,935
2,421,055
2,962,040
13,719,313 16,784,895
105,686
79,735
2,150,540
2,150,540
217,600
221,952
1,320,000
1,353,000
2,268,238
2,268,238
Inversin Inicial17,614,322
Prestamo
8,807,161
Inversiones Adicionales
N.K.T
3,000,199
Flujo de Caja -11,807,360 12,169,702 15,171,980
-11,807,360
362,341 15,534,321
TMAR
VAN
TIR
IVAN
PRC
15%
154,530,913
141%
13
0.98
Pesos
%
Veces
Aos
15%
1
2
90,401,383 100,499,880
57,724,788 64,173,070
6,960,000
7,029,600
4,800,000
4,800,000
2,520,000
2,520,000
18,396,595 21,977,210
52,843
39,868
2,150,540
2,150,540
16,193,212 19,786,802
2,428,982
2,968,020
13,764,230 16,818,782
52,843
39,868
2,150,540
2,150,540
217,600
221,952
1,320,000
1,353,000
1,134,119
1,134,119
13,295,894 16,300,119
-2,915,047 13,385,072
VAN
TIR
IVAN
PRC
153,350,012
117%
9
1.18
Pesos
%
Veces
Aos
15%
152,169,112
102%
7.4
1.58
1
2
90,401,383 100,499,880
57,724,788 64,173,070
6,960,000
7,029,600
4,800,000
4,800,000
2,520,000
2,520,000
18,396,595 21,977,210
0
0
2,150,540
2,150,540
16,246,055 19,826,670
2,436,908
2,974,001
13,809,147 16,852,670
0
0
2,150,540
2,150,540
217,600
221,952
1,320,000
1,353,000
0
0
14,422,087 17,428,258
-6,192,435 11,235,823
Pesos
%
Veces
Aos
FINANCIAMIENTO 0%
25%
50%
VAN ($)
152,169,112 153,350,012 154,530,913
TIR
102%
117%
141%
IVAN
PRC (Aos)
7.4
1.58
9.5
1.18
13.1
0.98
Depreciacin Lineal
1
2
2201790
2201790
3
2201790
4
2201790
5
2201790
6
2201790
7
2201790
2,747,889
26,777,610
260,765,986 265,086,900
166,509,192 169,268,263
7,388,180
7,462,062
4,896,000
4,896,000
2,815,200
2,815,200
79,157,414 80,645,375
5,967
4,502
2,150,540
2,150,540
77,000,907 78,490,333
11,550,136 11,773,550
65,450,771 66,716,783
5,967
4,502
2,150,540
2,150,540
245,053
249,954
1,530,795
1,569,065
128,062
128,062
3,440,864
2,747,889
40,684,722
57,393,292
66,188,231
65,703,368
3,000,199
73,365,808
3
4
5
6
7
8
132,300,675 177,889,712 233,043,460 262,003,859 260,765,986 265,086,900
84,479,110 113,589,478 148,807,284 167,299,622 166,509,192 169,268,263
7,099,896
7,170,895
7,242,604
7,315,030
7,388,180
7,462,062
4,872,000
4,872,000
4,896,000
4,896,000
4,896,000
4,896,000
2,679,600
2,679,600
2,815,200
2,815,200
2,815,200
2,815,200
33,170,069 49,577,739 69,282,372 79,678,007 79,157,414 80,645,375
80,210
40,344
0
0
0
0
2,150,540
2,150,540
2,150,540
2,150,540
2,150,540
2,150,540
30,939,319 47,386,855 67,131,832 77,527,467 77,006,874 78,494,835
4,640,898
7,108,028
10,069,775 11,629,120 11,551,031 11,774,225
26,298,421
80,210
2,150,540
226,391
1,386,825
3,402,357
40,278,827
40,344
2,150,540
230,919
1,421,496
3,402,357
57,062,057
0
2,150,540
235,537
1,457,033
0
2,747,889
23,513,598
65,898,347
0
2,150,540
240,248
1,493,459
0
65,455,843
0
2,150,540
245,053
1,530,795
0
66,720,610
0
2,150,540
249,954
1,569,065
0
3,440,864
2,747,889
37,414,940
57,520,027
66,315,180
3
4
5
6
132,300,675 177,889,712 233,043,460 262,003,859
84,479,110 113,589,478 148,807,284 167,299,622
7,099,896
7,170,895
7,242,604
7,315,030
4,872,000
4,872,000
4,896,000
4,896,000
2,679,600
2,679,600
2,815,200
2,815,200
33,170,069 49,577,739 69,282,372 79,678,007
53,473
26,896
0
0
2,150,540
2,150,540
2,150,540
2,150,540
30,966,055 47,400,303 67,131,832 77,527,467
4,644,908
7,110,045
10,069,775 11,629,120
26,321,147 40,290,257 57,062,057 65,898,347
53,473
26,896
0
0
2,150,540
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
240,248
1,386,825
1,421,496
1,457,033
1,493,459
2,268,238
2,268,238
0
0
65,830,535
3,000,199
73,493,195
7
8
260,765,986 265,086,900
166,509,192 169,268,263
7,388,180
7,462,062
4,896,000
4,896,000
2,815,200
2,815,200
79,157,414 80,645,375
0
0
2,150,540
2,150,540
77,006,874 78,494,835
11,551,031 11,774,225
65,455,843 66,720,610
0
0
2,150,540
2,150,540
245,053
249,954
1,530,795
1,569,065
0
0
3,440,864
2,747,889
24,643,707
2,747,889
38,547,041
57,520,027
66,315,180
3
4
5
6
132,300,675 177,889,712 233,043,460 262,003,859
84,479,110 113,589,478 148,807,284 167,299,622
7,099,896
7,170,895
7,242,604
7,315,030
4,872,000
4,872,000
4,896,000
4,896,000
2,679,600
2,679,600
2,815,200
2,815,200
33,170,069 49,577,739 69,282,372 79,678,007
26,737
13,448
0
0
2,150,540
2,150,540
2,150,540
2,150,540
30,992,792 47,413,751 67,131,832 77,527,467
4,648,919
7,112,063
10,069,775 11,629,120
26,343,873 40,301,688 57,062,057 65,898,347
26,737
13,448
0
0
2,150,540
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
240,248
1,386,825
1,421,496
1,457,033
1,493,459
1,134,119
1,134,119
0
0
2,747,889
25,773,815
65,830,535
3,000,199
73,493,195
7
8
260,765,986 265,086,900
166,509,192 169,268,263
7,388,180
7,462,062
4,896,000
4,896,000
2,815,200
2,815,200
79,157,414 80,645,375
0
0
2,150,540
2,150,540
77,006,874 78,494,835
11,551,031 11,774,225
65,455,843 66,720,610
0
0
2,150,540
2,150,540
245,053
249,954
1,530,795
1,569,065
0
0
3,440,864
2,747,889
39,679,143
57,520,027
66,315,180
65,830,535
3,000,199
73,493,195
3
4
5
6
132,300,675 177,889,712 233,043,460 262,003,859
84,479,110 113,589,478 148,807,284 167,299,622
7,099,896
7,170,895
7,242,604
7,315,030
4,872,000
4,872,000
4,896,000
4,896,000
2,679,600
2,679,600
2,815,200
2,815,200
33,170,069 49,577,739 69,282,372 79,678,007
0
0
0
0
2,150,540
2,150,540
2,150,540
2,150,540
31,019,529 47,427,199 67,131,832 77,527,467
4,652,929
7,114,080
10,069,775 11,629,120
26,366,599 40,313,119 57,062,057 65,898,347
0
0
0
0
2,150,540
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
240,248
1,386,825
1,421,496
1,457,033
1,493,459
0
0
0
0
2,747,889
26,903,923 40,811,245
38,139,747
75%
100%
155,711,813 152,801,542
190%
106%
7
8
260,765,986 265,086,900
166,509,192 169,268,263
7,388,180
7,462,062
4,896,000
4,896,000
2,815,200
2,815,200
79,157,414 80,645,375
0
0
2,150,540
2,150,540
77,006,874 78,494,835
11,551,031 11,774,225
65,455,843 66,720,610
0
0
2,150,540
2,150,540
245,053
249,954
1,530,795
1,569,065
0
0
3,440,864
2,747,889
57,520,027
66,315,180
65,830,535
3,000,199
73,493,195
21.0
0.74
7.9
1.00
25%
75%
153,350,012 155,711,813
117%
190%
9.5
21.0
1.18
0.74
8
2201790
1
2
3
4
5
6
7
8
Ao
2013
2014
2015
2016
2017
2018
2019
2020
Unidades
(%)
Pronosticadas Participacin Produccin
731,995
19%
139,079
773,076
20%
154,615
814,158
25%
203,540
855,239
32%
273,676
896,321
40%
358,528
937,402
43%
403,083
978,484
41%
401,178
1,019,565
40%
407,826
Costo $
415.0502
57,724,788
64,173,070
84,479,110
113,589,478
148,807,284
167,299,622
166,509,192
169,268,263
Mensual
400,000
400,000
400,000
IPC
1
1.50%
2%
Anual
4,800,000
4,872,000
4,896,000
Mensual
210,000
220,000
230,000
IPC
1
1.50%
2%
OTROS GASTOS
tem
Patente Municipal
108,800
Arriendo
110,000
DEPRECIACIN
Detalle
Depreciacin
Anual
IPC ANUAL
217,600
2.0%
1,320,000
2.5%
Anual
2,520,000
2,679,600
2,815,200
Bloquera
Betonera
Camin
Total
577,288
499,503
1,073,750
2,150,540
PRSTAMO
vc
100%
AO
0
DEUDA
4,000,000
INTERS
AMORTIZACIN
CUOTA
Tasa
1
1,086,338
14,400
113,662
128,062
2.00000%
2
971,313
13,036
115,026
128,062
3
854,907
11,656
116,406
128,062
1%
MANTENIMIENTO
Detalle
Bloquera
Betonera
Camin
Cantidad
2
2
1
Prestamo
Mensual
Quincenal
4,810,399 2405199.48
580,000
290000
400,000
200000
210,000
105000
6,000,399
3,000,199
75%
AO
0
DEUDA
13,210,742
INTERS
AMORTIZACIN
CUOTA
Tasa
1
9,966,914
158,529
3,243,828
3,402,357
2
6,684,160
119,603
3,282,754
3,402,357
1.20000%
3
3,362,013
80,210
3,322,147
3,402,357
Prestamo
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
50%
0
8,807,161
Tasa
1
6,644,609
105,686
2,162,552
2,268,238
2
4,456,106
79,735
2,188,503
2,268,238
1.20000%
3
2,241,342
53,473
2,214,765
2,268,238
4
0
26,896
2,241,342
2,268,238
PRSTAMO
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
25%
0
4,403,581
Tasa
1
3,322,305
52,843
1,081,276
1,134,119
2
2,228,053
39,868
1,094,251
1,134,119
1.20000%
3
1,120,671
26,737
1,107,382
1,134,119
4
0
13,448
1,120,671
1,134,119
Ao
2013
2014
2015
2016
2017
2018
2019
2020
Unidades
(%)
Produccin
Pronosticadas Participacin Unidades
731,995
18%
131,759
773,076
17%
131,423
814,158
33%
268,672
855,239
32%
273,676
896,321
45%
403,344
937,402
43%
403,083
978,484
41%
401,178
1,019,565
40%
407,826
y Ayudante)
Total
9,600,000
9,744,000
9,792,000
29,136,000
INVERSIN
S
Total
5,040,000
5,359,200
5,630,400
16,029,600
Recup
20%
Detalle
Bloquera
Cantidad
2
Betonera
Camin
Carretillas
Palas
Baldes
2
1
6
10
10
Precio Unit.
2,309,150
1,998,011
8,590,000
25,000
6,000
20,000
Total
17,204,322
3440864.4
6
497,241
7,415
120,647
128,062
7
375,146
5,967
122,095
128,062
17,614,322
4
737,104
10,259
117,803
128,062
5
617,888
8,845
119,216
128,062
vc
0
1
2
3
4
5
6
7
8
9
10
4
0
40,344
3,362,013
3,402,357
8
251,586
4,502
123,560
128,062
si
9
126,543
3,019
125,043
128,062
10
0
1,519
126,543
128,062
Costo $
193
54,686,641
54,547,109
111,512,425
113,589,478
167,408,195
167,299,622
166,509,192
169,268,263
N
Precio Total
4,618,300
3,996,022
8,590,000
150,000
60,000
200,000
17,614,322
Precio Vta $
600
85,643,415
85,424,898
174,636,891
177,889,712
262,173,893
262,003,859
260,765,986
265,086,900
Item / Ao
Ingresos
Costos Produccin
Costos Mantencin y ot
Remuneraciones
TMAR
VAN
TIR
IVAN
PRC
Item / Ao
Ingresos
Costos Produccin
Costos Mantencin y ot
Remuneraciones
Gastos Adm. y Ventas
Resultado Bruto
Inters
Depreciacin
U.A.I
Impuesto (15%)
U.D.I
Inters
depreciacin
Patente
Arriendo
Cuota
Valor Residual AF
Prestamo
Inversiones Adicionales
N.K.T
Flujo de Caja
TMAR
VAN
TIR
IVAN
PRC
Item / Ao
Ingresos
Costos Produccin
Costos Mantencin y ot
Remuneraciones
Gastos Adm. y Ventas
Resultado Bruto
Inters
Depreciacin
U.A.I
Impuesto (15%)
U.D.I
Inters
depreciacin
Patente
Arriendo
Cuota
Valor Residual AF
Prestamo
Inversiones Adicionales
N.K.T
Flujo de Caja
TMAR
VAN
TIR
IVAN
PRC
Item / Ao
Ingresos
Costos Produccin
Costos Mantencin y ot
Remuneraciones
Gastos Adm. y Ventas
Resultado Bruto
Inters
Depreciacin
U.A.I
Impuesto (15%)
U.D.I
Inters
depreciacin
Patente
Arriendo
Cuota
Valor Residual AF
Prestamo
Inversiones Adicionales
N.K.T
Flujo de Caja
TMAR
VAN
TIR
IVAN
PRC
Item / Ao
Ingresos
Costos Produccin
Costos Mantencin y ot
Remuneraciones
Gastos Adm. y Ventas
Resultado Bruto
Inters
Depreciacin
U.A.I
Impuesto (15%)
U.D.I
Inters
depreciacin
Patente
Arriendo
Cuota
Valor Residual AF
Prstamo
Inversiones Adicionales
N.K.T
Flujo de Caja
TMAR
VAN
TIR
IVAN
PRC
VAN ($)
TIR
IVAN
PRC (Aos)
VAN ($)
TIR
IVAN
PRC (Aos)
PRESTAMO
VALOR
17,614,322
TASA 11% Cap Trim
8%
Periodo
10 aos
Depreciacion Lneal
2,201,790
Tmar
15%
1.20%
Depreciacin Lineal
1
2
2201790
2201790
3
2201790
1
90,401,383
57,724,788
6,960,000
4,800,000
2
3
4
5
100,499,880 132,300,675 177,889,712 233,043,460
64,173,070 84,479,110 113,589,478 148,807,284
7,029,600
7,099,896
7,170,895
7,242,604
4,800,000
4,872,000
4,872,000
4,896,000
15%
152,801,542
106%
8
1.00
2,520,000
18,396,595
14,400
2,150,540
16,231,655
2,434,748
13,796,907
14,400
2,150,540
217,600
1,320,000
128,062
2,520,000
21,977,210
13,036
2,150,540
19,813,634
2,972,045
16,841,589
13,036
2,150,540
221,952
1,353,000
128,062
2,679,600
33,170,069
11,656
2,150,540
31,007,873
4,651,181
26,356,692
11,656
2,150,540
226,391
1,386,825
128,062
2,679,600
49,577,739
10,259
2,150,540
47,416,940
7,112,541
40,304,399
10,259
2,150,540
230,919
1,421,496
128,062
2,815,200
69,282,372
8,845
2,150,540
67,122,986
10,068,448
57,054,538
8,845
2,150,540
235,537
1,457,033
128,062
40,684,722
57,393,292
2,747,889
14,296,185 17,302,152
-5,118,336
26,777,610
Pesos
%
Veces
Aos
1
90,401,383
57,724,788
6,960,000
4,800,000
2,520,000
18,396,595
158,529
2,150,540
16,087,526
2,413,129
13,674,397
158,529
2,150,540
217,600
2
100,499,880
64,173,070
7,029,600
4,800,000
2,520,000
21,977,210
119,603
2,150,540
19,707,067
2,956,060
16,751,007
119,603
2,150,540
221,952
3
4
5
132,300,675 177,889,712 233,043,460
84,479,110 113,589,478 148,807,284
7,099,896
7,170,895
7,242,604
4,872,000
4,872,000
4,896,000
2,679,600
2,679,600
2,815,200
33,170,069 49,577,739 69,282,372
80,210
40,344
0
2,150,540
2,150,540
2,150,540
30,939,319 47,386,855 67,131,832
4,640,898
7,108,028
10,069,775
26,298,421 40,278,827 57,062,057
80,210
40,344
0
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
Arriendo
1,320,000
1,353,000
1,386,825
Cuota
3,402,357
3,402,357
3,402,357
Valor Residual AF
Inversin Inicial17,614,322
Prestamo
13,210,742
Inversiones Adicionales
2,747,889
N.K.T
3,000,199
Flujo de Caja -7,403,780 11,043,509 14,043,841 23,513,598
-7,403,780
3,639,729 17,683,571
TMAR
VAN
TIR
IVAN
PRC
15%
155,711,813
190%
21
0.74
1,421,496
3,402,357
1,457,033
0
37,414,940
57,520,027
Pesos
%
Veces
Aos
1
90,401,383
57,724,788
6,960,000
4,800,000
2,520,000
18,396,595
105,686
2,150,540
16,140,369
2,421,055
13,719,313
105,686
2,150,540
217,600
1,320,000
2,268,238
2
100,499,880
64,173,070
7,029,600
4,800,000
2,520,000
21,977,210
79,735
2,150,540
19,746,935
2,962,040
16,784,895
79,735
2,150,540
221,952
1,353,000
2,268,238
3
4
5
132,300,675 177,889,712 233,043,460
84,479,110 113,589,478 148,807,284
7,099,896
7,170,895
7,242,604
4,872,000
4,872,000
4,896,000
2,679,600
2,679,600
2,815,200
33,170,069 49,577,739 69,282,372
53,473
26,896
0
2,150,540
2,150,540
2,150,540
30,966,055 47,400,303 67,131,832
4,644,908
7,110,045
10,069,775
26,321,147 40,290,257 57,062,057
53,473
26,896
0
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
1,386,825
1,421,496
1,457,033
2,268,238
2,268,238
0
2,747,889
15%
154,530,913
141%
13
0.98
38,547,041
57,520,027
Pesos
%
Veces
Aos
15%
153,350,012
117%
9
1.18
1
90,401,383
57,724,788
6,960,000
4,800,000
2,520,000
18,396,595
52,843
2,150,540
16,193,212
2,428,982
13,764,230
52,843
2,150,540
217,600
1,320,000
1,134,119
2
100,499,880
64,173,070
7,029,600
4,800,000
2,520,000
21,977,210
39,868
2,150,540
19,786,802
2,968,020
16,818,782
39,868
2,150,540
221,952
1,353,000
1,134,119
3
4
5
132,300,675 177,889,712 233,043,460
84,479,110 113,589,478 148,807,284
7,099,896
7,170,895
7,242,604
4,872,000
4,872,000
4,896,000
2,679,600
2,679,600
2,815,200
33,170,069 49,577,739 69,282,372
26,737
13,448
0
2,150,540
2,150,540
2,150,540
30,992,792 47,413,751 67,131,832
4,648,919
7,112,063
10,069,775
26,343,873 40,301,688 57,062,057
26,737
13,448
0
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
1,386,825
1,421,496
1,457,033
1,134,119
1,134,119
0
2,747,889
13,295,894 16,300,119 25,773,815
-2,915,047 13,385,072
Pesos
%
Veces
Aos
39,679,143
57,520,027
15%
152,169,112
102%
7.4
1.58
1
90,401,383
57,724,788
6,960,000
4,800,000
2,520,000
18,396,595
0
2,150,540
16,246,055
2,436,908
13,809,147
0
2,150,540
217,600
1,320,000
0
2
100,499,880
64,173,070
7,029,600
4,800,000
2,520,000
21,977,210
0
2,150,540
19,826,670
2,974,001
16,852,670
0
2,150,540
221,952
1,353,000
0
3
4
5
132,300,675 177,889,712 233,043,460
84,479,110 113,589,478 148,807,284
7,099,896
7,170,895
7,242,604
4,872,000
4,872,000
4,896,000
2,679,600
2,679,600
2,815,200
33,170,069 49,577,739 69,282,372
0
0
0
2,150,540
2,150,540
2,150,540
31,019,529 47,427,199 67,131,832
4,652,929
7,114,080
10,069,775
26,366,599 40,313,119 57,062,057
0
0
0
2,150,540
2,150,540
2,150,540
226,391
230,919
235,537
1,386,825
1,421,496
1,457,033
0
0
0
2,747,889
14,422,087 17,428,258 26,903,923 40,811,245
-6,192,435 11,235,823 38,139,747
Pesos
%
Veces
Aos
FINANCIAMIENTO 0%
25%
50%
75%
100%
VAN ($)
152,169,112 153,350,012 154,530,913 155,711,813 152,801,542
TIR
102%
117%
141%
190%
106%
IVAN
7.4
9.5
13.1
21.0
7.9
PRC (Aos)
1.58
1.18
0.98
0.74
1.00
57,520,027
4
2201790
5
2201790
6
2201790
7
2201790
8
2201790
1
2
3
4
5
6
7
8
Ao
2013
2014
2015
2016
2017
2018
2019
2020
GASTOS DE REMUNERA
Periodo (ao)
1a 2
3a4
5a8
GASTOS DE
Periodo (ao)
1a 2
3a4
5a8
OTROS GASTOS
tem
Patente Municipal
Arriendo
O 100%
DEPRECIACIN
Detalle
6
7
8
262,003,859 260,765,986 265,086,900
167,299,622 166,509,192 169,268,263
7,315,030
7,388,180
7,462,062
4,896,000
4,896,000
4,896,000
Bloquera
Betonera
Camin
Total
2,815,200
79,678,007
7,415
2,150,540
77,520,052
11,628,008
65,892,045
7,415
2,150,540
240,248
1,493,459
128,062
2,815,200
79,157,414
5,967
2,150,540
77,000,907
11,550,136
65,450,771
5,967
2,150,540
245,053
1,530,795
128,062
2,815,200
80,645,375
4,502
2,150,540
78,490,333
11,773,550
66,716,783
4,502
2,150,540
249,954
1,569,065
128,062
3,440,864
2,747,889
66,188,231
65,703,368
3,000,199
73,365,808
PRSTAMO
vc
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
MANTENIMIENTO
Detalle
Bloquera
Betonera
Camin
6
7
8
262,003,859 260,765,986 265,086,900
167,299,622 166,509,192 169,268,263
7,315,030
7,388,180
7,462,062
4,896,000
4,896,000
4,896,000
2,815,200
2,815,200
2,815,200
79,678,007 79,157,414 80,645,375
0
0
0
2,150,540
2,150,540
2,150,540
77,527,467 77,006,874 78,494,835
11,629,120 11,551,031 11,774,225
65,898,347 65,455,843 66,720,610
0
0
0
2,150,540
2,150,540
2,150,540
240,248
245,053
249,954
Prestamo
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
1,493,459
0
1,530,795
0
1,569,065
0
3,440,864
2,747,889
66,315,180
65,830,535
3,000,199
73,493,195
6
7
8
262,003,859 260,765,986 265,086,900
167,299,622 166,509,192 169,268,263
7,315,030
7,388,180
7,462,062
4,896,000
4,896,000
4,896,000
2,815,200
2,815,200
2,815,200
79,678,007 79,157,414 80,645,375
0
0
0
2,150,540
2,150,540
2,150,540
77,527,467 77,006,874 78,494,835
11,629,120 11,551,031 11,774,225
65,898,347 65,455,843 66,720,610
0
0
0
2,150,540
2,150,540
2,150,540
240,248
245,053
249,954
1,493,459
1,530,795
1,569,065
0
0
0
3,440,864
2,747,889
3,000,199
Prestamo
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
50%
0
8,807,161
66,315,180
65,830,535
73,493,195
6
7
8
262,003,859 260,765,986 265,086,900
167,299,622 166,509,192 169,268,263
7,315,030
7,388,180
7,462,062
4,896,000
4,896,000
4,896,000
2,815,200
2,815,200
2,815,200
79,678,007 79,157,414 80,645,375
0
0
0
2,150,540
2,150,540
2,150,540
77,527,467 77,006,874 78,494,835
11,629,120 11,551,031 11,774,225
65,898,347 65,455,843 66,720,610
0
0
0
2,150,540
2,150,540
2,150,540
240,248
245,053
249,954
1,493,459
1,530,795
1,569,065
0
0
0
3,440,864
2,747,889
66,315,180
65,830,535
3,000,199
73,493,195
PRSTAMO
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
25%
0
4,403,581
6
7
8
262,003,859 260,765,986 265,086,900
167,299,622 166,509,192 169,268,263
7,315,030
7,388,180
7,462,062
4,896,000
4,896,000
4,896,000
2,815,200
2,815,200
2,815,200
79,678,007 79,157,414 80,645,375
0
0
0
2,150,540
2,150,540
2,150,540
77,527,467 77,006,874 78,494,835
11,629,120 11,551,031 11,774,225
65,898,347 65,455,843 66,720,610
0
0
0
2,150,540
2,150,540
2,150,540
240,248
245,053
249,954
1,493,459
1,530,795
1,569,065
0
0
0
3,440,864
2,747,889
66,315,180
65,830,535
3,000,199
73,493,195
25%
75%
153,350,012 155,711,813
117%
190%
9.5
21.0
1.18
0.74
Costo $
415.0502
57,724,788
64,173,070
84,479,110
113,589,478
148,807,284
167,299,622
166,509,192
169,268,263
Precio Vta $
650
90,401,383
100,499,880
132,300,675
177,889,712
233,043,460
262,003,859
260,765,986
265,086,900
Ao
2013
2014
2015
2016
2017
2018
2019
2020
Mensual
400,000
400,000
400,000
IPC
1
1.50%
2%
Anual
4,800,000
4,872,000
4,896,000
Total
9,600,000
9,744,000
9,792,000
29,136,000
Mensual
210,000
220,000
230,000
IPC
1
1.50%
2%
Anual
2,520,000
2,679,600
2,815,200
Total
5,040,000
5,359,200
5,630,400
16,029,600
OTROS GASTOS
108,800
110,000
Anual
IPC ANUAL
217,600
2.0%
1,320,000
2.5%
DEPRECIACIN
Depreciacin
577,288
499,503
1,073,750
2,150,540
17,204,322
17,614,322
100%
0
1,200,000
MORTIZACIN
Tasa
1
1,086,338
14,400
113,662
128,062
1.20000%
2
971,313
13,036
115,026
128,062
3
854,907
11,656
116,406
128,062
4
737,104
10,259
117,803
128,062
5
617,888
8,845
119,216
128,062
6
497,241
7,415
120,647
128,062
ANTENIMIENTO
p
Cantidad
2
2
1
1%
MORTIZACIN
Anual
57,724,788
6,960,000
4,800,000
2,520,000
6
7
8
9
10
Mensual
Quincenal
4,810,399 2405199.48
580,000
290000
400,000
200000
210,000
105000
6,000,399
3,000,199
75%
0
13,210,742
vc
0
1
2
3
4
5
Tasa
1
9,966,914
158,529
3,243,828
3,402,357
2
6,684,160
119,603
3,282,754
3,402,357
1.20000%
3
3,362,013
80,210
3,322,147
3,402,357
4
0
40,344
3,362,013
3,402,357
Tasa
1
6,644,609
105,686
2,162,552
2,268,238
2
4,456,106
79,735
2,188,503
2,268,238
1.20000%
3
2,241,342
53,473
2,214,765
2,268,238
4
0
26,896
2,241,342
2,268,238
Tasa
1
3,322,305
52,843
1,081,276
1,134,119
2
2,228,053
39,868
1,094,251
1,134,119
1.20000%
3
1,120,671
26,737
1,107,382
1,134,119
4
0
13,448
1,120,671
1,134,119
Costo $
193
54,686,641
54,547,109
111,512,425
113,589,478
167,408,195
167,299,622
166,509,192
169,268,263
INVERSIN
Recup
20%
3440864.4
Detalle
Bloquera
Cantidad
2
Betonera
Camin
Carretillas
Palas
Baldes
2
1
6
10
10
Precio Vta $
600
85,643,415
85,424,898
174,636,891
177,889,712
262,173,893
262,003,859
260,765,986
265,086,900
7
375,146
5,967
122,095
128,062
8
251,586
4,502
123,560
128,062
si
9
126,543
3,019
125,043
128,062
10
0
1,519
126,543
128,062
Tasa
1 mes
Tasa
2% Mensual
30
0.066667% diaria
Propuesta A
0
3000000
1
3,000,000
2
3,000,000
P=P+A(P/A;2%;2)+A(P/A;2%;7)*(P/F;2%;3)
Propuesta B
Propuesta C
Das
21,022,086
0
1
10,000,000
1,500,000
1,500,000
11,500,000
P=P+A(P/A;2%;10)
P
21,022,086
0
1
7,000,000
P=P+A(P/F;0,07%;90)+A(P/F;0,07%;130)
P
Mes
2
1,500,000
20,010,200
P=P+A(P/F;2%;3)+A(P/F;2%;4,33)
P
20,015,100
3000000
3000000
0
1
3,000,000.0
2,941,176.5
3000000
0
2000000
2000000
2000000
2000000
2000000
2000000
2000000
23000000
VAN
2
3
4
5
6
7
8
9
10
2,883,506.3
0
1,847,690.9
1,811,461.6
1,775,942.8
1,741,120.4
1,706,980.7
1,673,510.5
1,640,696.6
21,022,086.28 21,022,086.3
3
0
4
2,000,000
(P/A;2%;3)
(P/A;2%;7)
(P/F;2%;3)
3
1,500,000
4
1,500,000
(P/A;2%;10)
3
7,000,000
A
B
C
5
2,000,000
6
2,000,000
7
2,000,000
8
2,000,000
6
1,500,000
7
1,500,000
8
1,500,000
9
1,500,000
2.8838
6.4719
0.9423
5
1,500,000
8.9825
5
7,000,000
(P/F;0,07%;90)
(P/F;0,07%;130)
0.9417
0.9169
(P/F;2%;3)
(P/F;2%;4,33)
0.9423
0.917
21,022,086
21,022,086
20,015,100
11,500,000
1,500,000
9
2,000,000
7,000,000
7,000,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
1,500,000
VAN
23,743,355.06
7,000,000
90
6,592,484
7,000,000
130
6,419,064
20,011,548
10
2,000,000
10
0
10
A P A / P, i%, n) ;
vc
A / P, i%, n) i1 ni
1 i 1
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
El valor de la cuota es de $
i1 i n
P, i%, n) ; A / P, i%, n)
n
1 i 1
de la cuota es de $
0
4,000,000
1
3,949,593
80,000
50,407
130,407
130,407
% Inversin
100%
N Cuota
Inversin
Tasa Anual
48
4,000,000
2.0%
2
3,898,177
78,992
51,415
130,407
3
3,845,733
77,964
52,444
130,407
130407.3422
4
3,792,241
76,915
53,493
130,407
5
3,737,678
75,845
54,563
130,407
6
3,682,024
74,754
55,654
130,407
7
3,625,258
73,640
56,767
130,407
8
3,567,355
72,505
57,902
130,407
9
3,508,295
71,347
59,060
130,407
10
3,448,054
70,166
60,241
130,407
11
3,386,607
68,961
61,446
130,407
12
3,323,932
67,732
62,675
130,407
13
3,260,004
66,479
63,929
130,407
14
3,194,796
65,200
65,207
130,407
15
3,128,285
63,896
66,511
130,407
16
3,060,443
62,566
67,842
130,407
17
2,991,245
61,209
69,198
130,407
18
2,920,662
59,825
70,582
130,407
19
2,848,668
58,413
71,994
130,407
20
2,775,234
56,973
73,434
130,407
21
2,700,332
55,505
74,903
130,407
22
2,623,931
54,007
76,401
130,407
23
2,546,002
52,479
77,929
130,407
24
2,466,515
50,920
79,487
130,407
25
2,385,438
49,330
81,077
130,407
26
2,302,739
47,709
82,699
130,407
27
2,218,387
46,055
84,353
130,407
28
2,132,347
44,368
86,040
130,407
29
2,044,587
42,647
87,760
130,407
30
1,955,071
40,892
89,516
130,407
31
1,863,765
39,101
91,306
130,407
32
1,770,633
37,275
93,132
130,407
33
1,675,638
35,413
94,995
130,407
34
1,578,744
33,513
96,895
130,407
35
1,479,911
31,575
98,832
130,407
36
1,379,102
29,598
100,809
130,407
37
1,276,277
27,582
102,825
130,407
38
1,171,395
25,526
104,882
130,407
39
1,064,416
23,428
106,979
130,407
40
955,297
21,288
109,119
130,407
41
843,995
19,106
111,301
130,407
42
730,468
16,880
113,527
130,407
43
614,670
14,609
115,798
130,407
44
496,556
12,293
118,114
130,407
45
376,080
9,931
120,476
130,407
46
253,194
7,522
122,886
130,407
47
127,850
5,064
125,343
130,407
48
0
2,557
127,850
130,407
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
El valor de la cuota es de $
de la cuota es de $
% Inversin
N Cuota
Inversin
Tasa
0
6,000,000
1
5,455,954
540,000
544,046
1,084,046
1,084,046
2
4,862,943
491,036
593,010
1,084,046
100%
A P A / P, i%, n) ;
8
6,000,000
9.0%
3
4,216,562
437,665
646,381
1,084,046
4
3,512,006
379,491
704,556
1,084,046
5
2,744,041
316,081
767,966
1,084,046
A / P, i%, n)
i1 i n
P A / P, i%, n) ; A / P, i%, n)
n
1 i 1
6
1,906,958
246,964
837,083
1,084,046
7
994,538
171,626
912,420
1,084,046
8
0
89,508
994,538
1,084,046
% Inversin
N Cuota
Inversin
Tasa
vc
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
P=A(P/A;8%;1)
P
El valor de la cuota es de $
Deberia cancelar $
100%
10
15,000,000
8.0%
0
15,000,000
1
13,964,558
1,200,000
1,035,442
2,235,442
(P/A;8%;1)
2,069,796
de la cuota es de $
2,235,442
2,069,796
2
12,846,280
1,117,165
1,118,278
2,235,442
0.9259
3
11,638,540
1,027,702
1,207,740
2,235,442
4
10,334,181
931,083
1,304,359
2,235,442
5
8,925,473
826,734
1,408,708
2,235,442
A P A / P, i%, n) ;
6
7,404,069
714,038
1,521,404
2,235,442
7
5,760,952
592,325
1,643,117
2,235,442
A / P, i%, n) i1 ni
1 i 1
8
3,986,386
460,876
1,774,566
2,235,442
9
2,069,854
318,911
1,916,531
2,235,442
10
0
165,588
2,069,854
2,235,442
cobranza vtas
otros Ing. Operativos
Disminucon en capital de trabajo
Costos Variable
Costo Fijos
Incrementos en capital de trabajo
Inversion en Act. Fijos
Impto. A la ganancia
Otros egersos operativos
0
4,000
2,500
6,000
800
6,200
3,500
525
0
=
+
-
-10,625
-10,625
CV
CV
CF
cxp
AC
Venta (+)
Costo Mercadera (-)
Utilidad Bruta (=)
Gasto Adm. (-)
UAI (=)
Impto 35% (-)
UDI (=)
10000
6000
4000
2500
1500
525
975
6 #REF!
Items
Ventas
Mercadera
Sueldo
Alquiler
Seguro
Depreciacin
Compra Mercaderia Invent
Compra Maq.
Impto
Ventas Tot.
10,000
2
4,000 6,000 Cta x Cobrar
4,800 1,200 Cta x Pagar
1,300
800
500
Cta x Pagar aumento en cuentas x pagar
400
200
Cta x Pagar
3,500
525
CV=CIF+MP+MO
KP=Sueldo+Arriendo
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
Item
Beneficio (+)
Inversion (-)
Prestamo (+)
Interes (-)
Depreciaicon (-)
UAI (=)
Impuesto (-)
UDI (=)
Depreciaicon (+)
Amortiz del credito (-)
valor residual (+)
Rec. Cap de Trabajo (+)
Depreciacin
Inversin
70%
215,375
Beneficio
1
59,827
1
59,827
358,959
215,375
25,845
43,075
-9,093
0
-9,093
43,075
45,064
25%
-143,584
Tasa colocacion
12%
VAN
B) En el mejor de los casos
1,230.75
-11,082
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
Item
Beneficio (+)
Inversion (-)
Prstamo (+)
Interes (-)
Depreciaicon (-)
UAI (=)
Impuesto (-)
UDI (=)
Depreciaicon (+)
Amortiz del credito (-)
valor residual (+)
Rec. Cap de Trabajo (+)
Depreciacion
Inversin
70%
193,838
Beneficio
1
64,613
0
323,063
193,838
19,384
38,768
6,462
1,615
4,846
38,768
31,750
25%
-129,225
Tasa Colocacion
VAN
1
64,613
12%
52,595.28
11,864
PRSTAMO
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
25%
0
0
Act. Fijo
Valor Residual
Imto Utilidad
Inversin
Prestamo
N Cuota
Tasa
0
215,375
1
170,311
25,845
45,064
70,909
Valor a Depreciar
215,375
100,509
25%
358,959
60%
4
12%
2
119,840
20,437
50,472
70,909
3
63,312
14,381
56,528
70,909
KT=Inv-AF
5
Inv.
358,959
143,584
KT
KT
43,075
4
0
7,597
63,312
70,909
2
62,818
3
65,960
4
69,258
5
55,406
6
44,325
2
62,818
3
65,960
4
69,258
5
55,406
6
44,325
20,437
43,075
-694
0
-694
43,075
50,472
14,381
43,075
8,504
2,126
6,378
43,075
56,528
7,597
43,075
18,586
4,646
13,939
43,075
63,312
0
43,075
12,331
3,083
9,248
43,075
0
-8,091
-7,075
-6,297
52,323
0
0
44,325
11,081
33,244
0
0
100,509
143,584
277,337
AF
215,375
Activo Fijo
Valor Residual
Imto Utilidad
Inversion
Prestamo
N Cuota
Tasa
0
193,838
1
162,088
19,384
31,750
51,134
Valor a Depreciar
5
38,768
2
127,162
16,209
34,925
51,134
KT
KT
193,838
115,585
25%
323,063
60%
5
10%
3
88,745
12,716
38,418
51,134
4
46,485
8,874
42,259
51,134
Inv.
323,063
129,225
AF
193,838
2
67,843
3
71,237
4
69,258
5
55,406
6
44,325
2
67,843
3
71,237
4
69,258
5
55,406
6
44,325
16,209
38,768
12,867
3,217
9,650
38,768
34,925
12,716
38,768
19,753
4,938
14,815
38,768
38,418
8,874
38,768
21,616
5,404
16,212
38,768
42,259
4,649
38,768
11,990
2,997
8,992
38,768
46,485
13,492
15,165
12,720
1,275
0
0
44,325
11,081
33,244
0
0
115,585
129,225
278,054
5
0
4,649
46,485
51,134
Tasa
1
0.00000%
2
0
0
0
0
3
0
0
0
0
4
0
0
0
0
0
0
0
0
Inversin
VR
Depreciacin (Anual)
Costo Oper. 1er ao
Ingreso x Flete (Anual)
Impto Utilidad
Inversionista Cash
Prestamo
Tasa (Anual)
Deprecian
10000
1000
4,000
3000
4000
11000
50%
6000
4000
15%
A P A / P, i%, n) ;
vc
Item
Beneficio (+)
Costo Operacin (-)
Inversion (-)
Prstamo (+)
Interes (-)
Depreciaicon (-)
UAI (=)
Impuesto (-)
UDI (=)
Depreciaicon (+)
Amortiz del credito (-)
valor residual (+)
Rec. Cap de Trabajo (+)
Tasa colocacion
VAN
50%
20%
A / P, i%, n
% Inversin
40%
1
10,000
15.0%
i1 Ni nCuota
P A / P, i%, n) ; A / P, i%, n)
n
1
1 iInversin
Tasa
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
1
4,000
El valor de la cuota es de $
4,000
600
0
600
0
600
4,000
4,600
4,600
1
11000
3000
2
11,000
4000
600
4,000
3,400
1700
1,700
4,000
600
4,000
2,400
1200
1,200
4,000
4,000
1000
5,700
2,200
10,000
4,000
-6,000
6,533.33
0
6000
A=P(A/P;20%;2)
A=
(A/P;20%;2)
3927
0.6545
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
Item
Beneficio (+)
Costo Operacin (-)
Compra Activos (-)
Capital Trabajo (+)
Venta Activos
Prestamo (+)
Pago Prstamo
UDI (=)
Impuesto
UDI (=)
1,300
600
1,000
-900
15%
-900
Tasa colocacion
VAN
Respuesta A)
Errores Marcados color
Falto La depreciacin
Falta al flujo
La depreciacin
Inters del Prstamo
10%
- 164.75
0
1,000
MORTIZACIN
1
785
100
215
315
Act. Fijo
Valor Residual
Imto Utilidad
Inversin
Prestamo
N Cuota
Tasa
#REF!
100,509
25%
1,000
100%
4
10%
2
548
78
237
315
3
287
55
261
315
4
0
29
287
315
Respuesta B
Depreciacin 5 OS
1
500
286
2
800
336
500
3
1,000
386
4
1,100
386
1,100
0
315.5
-101.5
-15.2
0
-86.3
0
315.5
-351.5
-52.7
0
-298.8
315.5
298.5
44.8
315.5
1,498.5
224.8
253.7
1,273.7
Item
Beneficio (+)
Costo Operacin (-)
Inversion (-)
Prstamo (+)
Interes (-)
Depreciaicon (-)
UAI (=)
Impuesto (-)
UDI (=)
Depreciacin (+)
Interes (+)
Pago Prestamo (-)
Ventas Activos (+)
Reinversin (-)
valor residual (+)
Rec. Cap de Trabajo (+)
Tasa colocacion
VAN
Respuesta C)
15%
10%
260
0
1
500
286
2
800
336
3
1000
386
4
1100
386
100
260
-146
78
260
126
18.8
106.7
260
78
315
55
260
299
44.9
254.4
260
55
315
29
260
425
63.8
361.5
260
29
315
1,100
1,300
1,000
-146.0
260
100
315
500
0
600
-900
1,114.00
329
104
775
600
2,608
Ton. Dias
1
2
3
Ley Mineral
%
3.2
3.8
2.5
Ley
Desde
Hasta
2.01%
2.50%
B
C
2.51%
3.51%
3.50%
ms
30
25
35
PRSTAMO
Imto Utilidad
Inversin
Prestamo
N Cuota
Tasa
25%
300,000
100%
5
18%
AO
DEUDA
INTERS
0
300,000
AMORTIZACIN
CUOTA
Prestamo
Valoracion Codelco
300,000
125,000
CUADRO FLUJO DE FO
Item / Aos
Ingreso (+)
Gastos (-)
CAO (-)
Depreciacion (-)
Interes (-)
Total Flujo A/I (=)
Impto Utilidad 12% (-)
Total Flujo D/I (=)
Depreciacion (+)
Interes (+)
Cuota (-)
K de Trabajo (-)
Maquinaria Pesada. (-)
Traslado e Instalacin (-)
Camiones (-)
Edficio (-)
Prstamo (+)
FLUJO DE FONDO
15,000
300,000
25,000
90,000
150,000
300,000
-280,000
TMAR
15%
VAN
166,037
TIR
35%
IVAN
0.59
PRC (Aos)
2.58
Al seor Silk le conviene explotar el yacimiento ya que tiene una valor actual neto d
antes que venderlo en $125.000.
Ademas TIR > TMAR
-280,000
Precio
US$/Ton.
30
50
20
Anual US$
1
2
3
328,500
456,250
255,500
Precio US$/Ton.
20
30
50
PRSTAMO
1
258,067
54,000
2
208,585
46,452
3
150,197
37,545
4
81,299
27,036
5
0
14,634
Ley Mineral
%
3.2
3.8
2.5
41,933
95,933
49,481
95,933
58,388
95,933
68,898
95,933
81,299
95,933
2
328,500
131,400
20,000
108,000
54,000
15,100
1,812
13,288
108,000
54,000
95,933
79,355
3
328,500
131,400
20,000
108,000
46,452
22,648
2,718
19,930
108,000
46,452
95,933
78,449
456,250
109,500
20,000
108,000
37,545
181,205
21,745
159,460
108,000
37,545
95,933
209,072
4
456,250
91,250
20,000
108,000
27,036
209,964
25,196
184,769
108,000
27,036
95,933
223,871
5
255,500
102,200
20,000
108,000
14,634
10,666
1,280
9,386
108,000
14,634
95,933
15,000
30,000
0
9,000
15,000
105,087
-200,645
-122,196
86,876
310,747
415,833
N de
Aos
2
2
1
5
Valoracin Codelco
US$
Mineral
125,000
d
d
Item Gasto/Ao
Mano de Obra
Suministro
Repuestos
1
5
1
2
2
5
1
2
Combustibles
Otros Insumos
Costo Tot. X Ton.
2
12
2
12
COSTOS DE PRODUCCIN
108,000
CAO
20,000
Item / Ao
Costo Tot. X Ton.
78000
Ton (anual)
Total
1
12
10,950
131,400
2
12
10,950
131,400
INGRESOS OPERACIONALES
Item / Ao
Precio US$/Ton.
Ton (anual)
Total US$
1
30
10,950
328,500
2
30
10,950
328,500
4
4
1
1
5
4
1
0
2
12
2
10
1
8
4
10
9,125
91,250
5
8
12,775
102,200
S DE PRODUCCIN
3
12
9,125
109,500
OS OPERACIONALES
3
50
9,125
456,250
4
50
9,125
456,250
5
20
12,775
255,500
Valor US$
15,000
300,000
25,000
90,000
150,000
565,000
DEPRECIACIN
Item
Maq. Trituradora
Camiones
Edificios
Totales
Valor US$
300,000
90,000
150,000
390,000
RECIACIN
Depreciacin us$
60,000
18,000
30,000
108,000
% Inversin
N Cuota
Inversin
Tasa
AO
DEUDA
INTERS
AMORTIZACIN
Finaciamiento
Item / Ao
Utilidad Bruta (=)
Deprec. Mquina (-)
Inters (-)
UNAI
Impto 50%
UDI
Deprec. Mquina (+)
Inters (+)
Financiamiento (-)
Prestamo (+)
Inversiones
Equipos
Capital Trabajo
Total Flujo Neto
Tasa
VAN
TIR
IVAN
PRC (ao)
El proyecto es viable ya que su VAN >0
-6,000,000
Deprec
800,000
10
8,000,000
5.0%
0
4,000,000
1
4,000,000
200,000
0
200,000
2
4,000,000
200,000
0
200,000
3
4,000,000
200,000
0
200,000
4
4,000,000
200,000
0
200,000
5
4,000,000
200,000
2,000,000
2,200,000
1
200,000
800,000
200,000
-800,000
0
-800,000
800,000
200,000
200,000
2
600,000
800,000
200,000
-400,000
0
-400,000
800,000
200,000
200,000
3
1,000,000
800,000
200,000
0
0
0
800,000
200,000
200,000
4
1,400,000
800,000
200,000
400,000
200,000
200,000
800,000
200,000
200,000
5
1,800,000
800,000
200,000
800,000
400,000
400,000
800,000
200,000
2,200,000
400,000
800,000
1,000,000
-800,000
4,000,000
8,000,000
2,000,000
-6,000,000
8%
112,262.89
8.29%
0.0187
7.5
-6,000,000
-6,000,000
-5,600,000
-4,800,000
4.8
6.2
4.4
4
30
30
30
10
1.44
1.86
1.32
0.4
5.02
-3,800,000
-4,600,000
aa SARTOX
6
2,000,000
100,000
0
100,000
7
2,000,000
100,000
0
100,000
8
2,000,000
100,000
0
100,000
9
2,000,000
100,000
0
100,000
10
2,000,000
100,000
2,000,000
2,100,000
6
2,200,000
800,000
100,000
1,300,000
650,000
650,000
800,000
100,000
100,000
7
2,600,000
800,000
100,000
1,700,000
850,000
850,000
800,000
100,000
100,000
8
3,000,000
800,000
100,000
2,100,000
1,050,000
1,050,000
800,000
100,000
100,000
9
3,400,000
800,000
100,000
2,500,000
1,250,000
1,250,000
800,000
100,000
100,000
10
3,800,000
800,000
100,000
2,900,000
1,450,000
1,450,000
800,000
100,000
2,100,000
2,050,000
2,000,000
2,250,000
1,450,000
1,650,000
1,850,000
-3,150,000
-1,500,000
350,000
2,400,000
4,650,000
CASO A
Datos
Cosina Ind.
Maq. Sellar Bolsa
1500000
500000
2000000
1000
Produccion (Temporada)
Produccin
Kg
1,000
1,000
Distribuidores
Don Perico
Distribuidor
CASO A
ITEM/TEMPORADAS
Ventas
Costos
UB
Impto 15%
UDI
Inversin
Cosina Ind.
Maq. Sellar Bolsa
Flujo Caja Neto
1,500,000
500,000
-2,000,000
TMAR
VAN
TIR
1,500,000
-1,500,000
TMAR
VAN
TIR
CASO C
% Inversin
N Cuota
Inversin
Tasa
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
CASO C
ITEM/TEMPORADAS
Ventas
Costos
UB
Impto 15%
UDI
0
1,000,000
Cuota
Inversin
Prestamo
Flujo Caja Neto
2,000,000
1,000,000
-1,000,000
TMAR
VAN
TIR
Respuesta C) Tampoco convendra realizar el negocio
Porque El Van es negativo
Porque La TMAR > TIR
CASO D
Produccin
Kg
1,000
4,000
5,000
Distribuidores
Don Perico
Distribuidor
CASO A
ITEM/TEMPORADAS
Ventas
Costos
Costos Adicionales
UB
Impto 15%
UDI
Inversin
Cosina Ind.
Maq. Sellar Bolsa
Flujo Caja Neto
1,500,000
500,000
-2,000,000
TMAR
VAN
TIR
1KG Mermelada
Mat. Prima
Durazno
Azucar
Gas
Bolsa
kg
Pago x Kg
$
200
60
Total
200,000
60,000
Peso Unit
Kg
0.6
0.4
1
1
Valor
$/kg
200
300
50
25
575
Costo
Unitario $
120
120
50
25
315
Costo $
Kg.
315
315
% Margen
%
63.49%
19.05%
PV
$
515
375
1
515,000
315,000
200,000
0
200,000
TEMPORADAS
2
3
515,000
515,000
315,000
315,000
200,000
200,000
0
0
200,000
200,000
4
515,000
315,000
200,000
0
200,000
200,000
200,000
200,000
10%
- 1,366,027
-29%
200,000
1
515,000
315,000
200,000
0
200,000
TEMPORADA
2
3
515,000
515,000
315,000
315,000
200,000
200,000
0
0
200,000
200,000
4
515,000
315,000
200,000
0
200,000
200,000
200,000
200,000
200,000
10%
- 866,027
-21%
50%
20
2,000,000
10.0%
1
982,540
100,000
17,460
117,460
1
515,000
315,000
200,000
0
200,000
A P A / P, i%, n);
2
963,335
98,254
19,206
117,460
3
942,209
96,333
21,126
117,460
TEMPORADAS
2
3
515,000
515,000
315,000
315,000
200,000
200,000
0
0
200,000
200,000
4
918,970
94,221
23,239
117,460
4
515,000
315,000
200,000
0
200,000
5
893,407
91,897
25,563
117,460
5
515,000
315,000
200,000
0
200,000
6
7
865,288 834,358
89,341 86,529
28,119 30,931
117,460 117,460
6
515,000
315,000
200,000
0
200,000
7
515,000
315,000
200,000
0
200,000
8
800,334
83,436
34,024
117,460
8
515,000
315,000
200,000
0
200,000
A / P, i%,
117,460
117,460
117,460
117,460
117,460
117,460
117,460
117,460
82,540
82,540
82,540
82,540
82,540
82,540
82,540
82,540
10%
- 297,287
5%
zar el negocio
1KG Mermelada
Mat. Prima
Durazno
Azucar
Gas
Bolsa
M.O
Pago x Kg
$
200
200
Total
200,000
800,000
Peso Unit
Kg
0.6
0.4
1
1
Valor
$/kg
200
300
50
25
Costo $
Kg.
315
365
% Margen
%
63.49%
54.79%
Ventas
PV
$
515
565
Costo
1,000
4000
5,000
1
2,825,000
1,775,000
1,500,000
-450,000
0
-450,000
Produccin Kg
1000
1001-5000
Costo
Costo
Unitario $ Unitario $
120
120
120
120
50
50
25
25
0
50
315
365
515
515,000
565 2,260,000
2,775,000
TEMPORADAS
2
3
2,825,000
2,825,000
1,775,000
1,775,000
1,500,000
1,500,000
-450,000
-450,000
0
0
-450,000
-450,000
1,000
4000
2825000
4
2,825,000
1,775,000
1,500,000
-450,000
0
-450,000
315
365
315,000
1,460,000
1,775,000
-450,000
10%
- 3,426,439
#NUM!
-450,000
-450,000
-450,000
i1 i n
P A / P, i%, n); A / P, i%, n)
n
1 i 1
9
10
11
12
13
14
15
16
17
18
19
762,907 721,739 676,453 626,638 571,843 511,567 445,264 372,331 292,105 203,856 106,781
80,033 76,291 72,174 67,645 62,664 57,184 51,157 44,526 37,233 29,210 20,386
37,426 41,169 45,286 49,814 54,796 60,275 66,303 72,933 80,227 88,249 97,074
117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460
9
515,000
315,000
200,000
0
200,000
10
515,000
315,000
200,000
0
200,000
11
515,000
315,000
200,000
0
200,000
12
515,000
315,000
200,000
0
200,000
13
515,000
315,000
200,000
0
200,000
14
515,000
315,000
200,000
0
200,000
15
515,000
315,000
200,000
0
200,000
16
515,000
315,000
200,000
0
200,000
17
515,000
315,000
200,000
0
200,000
18
515,000
315,000
200,000
0
200,000
19
515,000
315,000
200,000
0
200,000
117,460
117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460 117,460
82,540
82,540
82,540
82,540
82,540
82,540
82,540
82,540
82,540
82,540
82,540
20
0
10,678
106,781
117,460
20
515,000
315,000
200,000
0
200,000
117,460
82,540
CASO A
Datos
Cosina Ind.
Maq. Sellar Bolsa
1500000
500000
2000000
1000
Produccion (Temporada)
Produccin
Kg
1,000
1,000
Distribuidores
Don Perico
Distribuidor
CASO A
ITEM/TEMPORADAS
Ventas
Costos
UB
Impto 15%
UDI
Inversin
Cosina Ind.
Maq. Sellar Bolsa
Flujo Caja Neto
1,500,000
500,000
-2,000,000
TMAR
VAN
TIR
1,500,000
-1,500,000
TMAR
VAN
TIR
CASO C
% Inversin
N Cuota
Inversin
Tasa
AO
DEUDA
INTERS
AMORTIZACIN
CUOTA
CASO C
ITEM/TEMPORADAS
Ventas
Costos
UB
Impto 15%
UDI
0
1,000,000
Cuota
Inversin
Prestamo
Flujo Caja Neto
2,000,000
1,000,000
-1,000,000
TMAR
VAN
TIR
Respuesta C) Conviene realizar el negocio
Porque El Van es Positivo
Porque La TIR > TMAR
CASO D
Produccin
Kg
1,000
4,000
5,000
Distribuidores
Don Perico
Distribuidor
CASO A
ITEM/TEMPORADAS
Ventas
Costos
Costos Adicionales
UB
Impto 15%
UDI
Inversin
Cosina Ind.
Maq. Sellar Bolsa
Flujo Caja Neto
1,500,000
500,000
-2,000,000
TMAR
VAN
TIR
1KG Mermelada
Peso Unit
Kg
0.6
0.4
1
1
Valor
$/kg
200
300
50
25
575
Costo
Unitario $
120
120
50
25
315
Costo $
Kg.
315
315
% Margen
%
63.49%
19.05%
PV
$
515
375
1
800,000
315,000
485,000
0
485,000
TEMPORADAS
2
3
800,000
800,000
315,000
315,000
485,000
485,000
0
0
485,000
485,000
4
800,000
315,000
485,000
0
485,000
5
800,000
315,000
485,000
0
485,000
6
800,000
315,000
485,000
0
485,000
7
800,000
315,000
485,000
0
485,000
8
800,000
315,000
485,000
0
485,000
485,000
485,000
485,000
485,000
485,000
485,000
485,000
485,000
10%
- 1,559,091
-76%
- 1,158,264
-37%
- 793,877
-14%
112,301
12%
361,183
15%
587,439
18%
Mat. Prima
Durazno
Azucar
Gas
Bolsa
kg
Pago x 0,25 Kg
$
200
60
Total
800,000
240,000
- 462,615 - 161,468
-1%
7%
proyecto Puro, Le conviene aceptar el negocio con un horizonte de vida > 5 aos
1
800,000
315,000
485,000
0
485,000
TEMPORADA
2
3
800,000
800,000
315,000
315,000
485,000
485,000
0
0
485,000
485,000
4
800,000
315,000
485,000
0
485,000
5
800,000
315,000
485,000
0
485,000
6
800,000
315,000
485,000
0
485,000
7
800,000
315,000
485,000
0
485,000
8
800,000
315,000
485,000
0
485,000
485,000
485,000
485,000
485,000
485,000
485,000
485,000
485,000
10%
37,385
11%
338,532
18%
612,301
23%
861,183
26%
1,087,439 1,293,127
28%
29%
1,480,115
30%
1,650,105
31%
oyecto puro en esta alternativa el proyecto es mejor ya que del ao 1 el VAN es > que 0,
50%
20
2,000,000
10.0%
1
982,540
100,000
17,460
117,460
1
800,000
315,000
485,000
0
485,000
A P A / P, i%, n);
2
963,335
98,254
19,206
117,460
3
942,209
96,333
21,126
117,460
TEMPORADAS
2
3
800,000
800,000
315,000
315,000
485,000
485,000
0
0
485,000
485,000
4
918,970
94,221
23,239
117,460
4
800,000
315,000
485,000
0
485,000
5
893,407
91,897
25,563
117,460
5
800,000
315,000
485,000
0
485,000
6
865,288
89,341
28,119
117,460
6
800,000
315,000
485,000
0
485,000
7
834,358
86,529
30,931
117,460
7
800,000
315,000
485,000
0
485,000
8
800,334
83,436
34,024
117,460
8
800,000
315,000
485,000
0
485,000
A / P
117,460
117,460
117,460
117,460
117,460
117,460
117,460
117,460
367,540
367,540
367,540
367,540
367,540
367,540
367,540
367,540
10%
2,129,078
37%
1KG Mermelada
Mat. Prima
Durazno
Azucar
Gas
Bolsa
M.O
Pago x Kg
$
200
200
Total
200,000
800,000
Peso Unit
Kg
0.6
0.4
1
1
Valor
$/kg
200
300
50
25
Costo $
Kg.
315
365
% Margen
%
63.49%
54.79%
Ventas
PV
$
515
565
Costo
1,000
4000
5,000
1
2,825,000
1,775,000
1,500,000
-450,000
0
-450,000
Produccin Kg
1000
1001-5000
Costo
Costo
Unitario $ Unitario $
120
120
120
120
50
50
25
25
0
50
315
365
515
515,000
565 2,260,000
2,775,000
TEMPORADAS
2
3
2,825,000
2,825,000
1,775,000
1,775,000
1,500,000
1,500,000
-450,000
-450,000
0
0
-450,000
-450,000
1,000
4000
2825000
4
2,825,000
1,775,000
1,500,000
-450,000
0
-450,000
315
365
315,000
1,460,000
1,775,000
-450,000
10%
- 3,426,439
#NUM!
-450,000
-450,000
-450,000
9
800,000
315,000
485,000
0
485,000
10
800,000
315,000
485,000
0
485,000
11
800,000
315,000
485,000
0
485,000
12
800,000
315,000
485,000
0
485,000
485,000
485,000
485,000
485,000
793,127
19%
980,115
20%
1,150,105
21%
1,304,641
22%
9
800,000
315,000
485,000
0
485,000
10
800,000
315,000
485,000
0
485,000
11
800,000
315,000
485,000
0
485,000
12
800,000
315,000
485,000
0
485,000
485,000
485,000
485,000
485,000
1,804,641
31%
1,804,641
31%
1,804,641 1,804,641
31%
31%
i1 i n
P A / P, i%, n); A / P, i%, n)
n
1 i 1
9
762,907
80,033
37,426
117,460
9
800,000
315,000
485,000
0
485,000
10
721,739
76,291
41,169
117,460
10
800,000
315,000
485,000
0
485,000
11
676,453
72,174
45,286
117,460
11
800,000
315,000
485,000
0
485,000
12
13
14
15
16
17
18
626,638 571,843 511,567 445,264 372,331 292,105 203,856
67,645 62,664 57,184 51,157 44,526 37,233 29,210
49,814 54,796 60,275 66,303 72,933 80,227 88,249
117,460 117,460 117,460 117,460 117,460 117,460 117,460
12
800,000
315,000
485,000
0
485,000
13
800,000
315,000
485,000
0
485,000
14
800,000
315,000
485,000
0
485,000
15
800,000
315,000
485,000
0
485,000
16
800,000
315,000
485,000
0
485,000
17
800,000
315,000
485,000
0
485,000
18
800,000
315,000
485,000
0
485,000
117,460
117,460
117,460
117,460
367,540
367,540
367,540
367,540
19
20
106,781
0
20,386 10,678
97,074 106,781
117,460 117,460
19
800,000
315,000
485,000
0
485,000
20
800,000
315,000
485,000
0
485,000
117,460 117,460
367,540 367,540