CCULOS PREVIOS

CAPITAL FIJO.(En )
Cantidad

Terrenos:
Obra civil:

Coste unitario

Coste total

60 /m2

708,000.00

1040 m2
169 m2
892,5 m2
540 m2
32
-

400 /m2
400 /m2
200 /m2
200 /m2
200 /m2
-

416,000.00
67,600.00
178,500.00
108,000.00
6,400.00
60,000.00
836,500.00

6,000.00
5,000.00
30,000.00
143,510.00
430,530.00
143,510.00
2,000.00
760,550.00

4
1
1
2

98000 /unid
47800 /unid
47800 /unid
98000 /unid

392,000.00
47,800.00
47,800.00
196,000.00

1
1
1

3900 /unid
3900 /unid
3900 /unid

3,900.00
3,900.00
3,900.00

1
1
1

36800 /unid
36800 /unid
7200 /unid

36,800.00
36,800.00
7,200.00

1
1

164000 /unid
164000 /unid

164,000.00
164,000.00

1
1

25000 /unid
37000 /unid

25,000.00
37,000.00

1
1
1

11500 /unid
11500 /unid
246000 /unid

11,500.00
11,500.00
246,000.00
1,435,100.00
8%capital fijo
5%capital fijo
610,000.00

11800 m2

Oficinas y laboratorio
Vestuarios y aseos
Nave de produccin
sala de calderas, control, taller y limpieza
Caseta vigilante
Infraestructuras
TOTAL:

Instalaciones:
Red abastecimiento agua
Red saneamiento
Red elctrica
Instrumentacin y control (10 % maquinaria)
Tuberas vlvulas y codos (30 % maquinaria)
Servicios auxiliares (10 % maquinaria)
Telefona
TOTAL:

Maquinaria:
Tanques de almacenamiento
Aceites usados (T-101 a T-104)
Metanol (T-105)
Glicerina (T-106)
Biodisel (T-107 y T-108)
Mezcladores
M-201
M-301
D-401
Intercambiadores de calor
H-202
H-302
H-402
Reactores
R-203
R-303
Destilador flash
F-204
F-304
Centrfuga
C-205
C-305
Caldera vapor
TOTAL:
Estudios previos,proyecto y direccin de obra:
Puesta en marcha:
Constitucin, organizacin y gestin:

CF=836500+701600+760550+1435100+0.08*CF+0.05*CF+610000

399,425.28
249,640.80

Capital fijo=

4,992,816.00

CLCULO DE LOS COSTES PARA LA PRODUCCIN

AMORTIZACIN()
OBRA CIVIL:
Oficinas y laboratorio:(2%)
Resto:(3% )
TOTAL:
INSTALACIONES:
Red abastecimiento agua:(2.5%)
Red saneamiento(5%)
Red elctrica:(6% )
Telefona:(8% )
Resto:(10% )
TOTAL:
MAQUINARIA:
TOTAL:(10%)
ACTIVO INMATERIAL:
Est. previos,proyecto y direccin de obra:(10%)
Puesta en marcha:(10% )
Constitucin, organizacin y gestin:(10%)
TOTAL:
TOTAL AMORTIZACIN=

MANO DE OBRA
Director general (1 x 32000)
Tcnico superior:(7 x 28000)
Tcnico grado medio:(5 x 26000)
Administrativos:(6 x 22000)
Auxiliar tcnico:(4 x 22000)
Vigilante: (5 x 15000)
Oficial 1:(6 x 20000)
Obrero:(18 x 18000)
TOTAL MANO DE OBRA=

MATERIAS PRIMAS Y AUXILIARES

Sustancia

kg/h

Tm/ao

Precio (/tm)

Aceite usado
Metanol

5,000
550

39,600
4,356

190
500
TOTAL MAT. PRIMAS=

GASTOS DE FABRICACIN
Combustible
Biodiesel para caldera
Fluido trmico caldera

kg/ao
285,120
1,092,000

l/ao
316,800
-

Precio
0,4 (/l)
0,53 (/kg)

Electricidad

Pot. Nominal (kW)

kW/ao

Precio (/kW)

Mezclador, M-201
Centrfuga, C-205
Divisor, D-401
Mezclador, M-301
Centrfuga, C-305

0.35
7

0.2
0.35
7

2,772
55,440
1,584
2,772
55,440

0.07
0.07
0.07
0.07
0.07

TOTAL GASTOS FABRICA.=

COSTES DE FABRICACIN
M. PRIMAS Y M.AUXILIARES
M.OBRA
GASTOS FABRICACIN

9,702,000.00
1,097,000.00
1,034,923.81

TOTAL COSTES FABRICACIN=

11,833,923.81

COSTES DE ESTRUCTURA
14% mano de obra directa
Laboratorio:
2% del capital fijo
Suministros:
Limpieza, seguridad, personal y seguro de responsabilidad civil:
1% sobre los costes de fabricacin
Administracin:
TOTAL COSTES ESTRUCTURA.=

8,320.00
12,615.00
20,935.00
150.00
250.00
1,800.00
160.00
71,755.00
74,115.00
143,510.00
39,942.53
24,964.08
61,000.00
125,906.61
364,466.61

32,000.00
196,000.00
130,000.00
132,000.00
88,000.00
75,000.00
120,000.00
324,000.00
1,097,000.00

Coste (/ao)

7,524,000
2,178,000
9702000.00

Coste (/ao)
126,720.00
578,760.00
Coste (/ao)

194.04
3,880.80
110.88
194.04
3,880.80

1,034,923.81

Coste ()

153,580.00
99,856.32
220,000.00
118,339.24
591,775.56

Gastos financieros:
TIPO DE FINANCIACIN
CF:

4,992,816.00

(un tercio de CF)

(un tercio del CF)
(resto de CF)

Aportacin propia:
Subvenciones:
Prestamo a largo plazo:

1,664,272.00
1,664,272.00
1,664,272.00

inters 5,75%
Comisin de apertura y cancelacin (1,5% del prstamo)
Apertura:
Cierre:
Devolucin por ao:
AO
Queda por pagar
Intereses

C.C:

24,964.08
3,120.51
208,034.00

1
2
1,664,272.00 1,664,272.00
95,695.64
95,695.64

3
4
1,664,272.00 1,456,238.00
95,695.64
83,733.69

5
1,248,204.00
71,771.73

4105067.8

Prstamo a corto plazo (capital circulante)

Prstamo al 8% para financiar el capital circulante.

Observando los valores de la caja final en el plan de tesorera, deducimos que se puede devolver este prstamo en dos a

AO

DEVOLUCIN

INTERS

1
2

2,052,533.91
2,052,533.91

328,405.43
164,202.71

PAGO ()

2,380,939.33
2,216,736.62

Ao
1
2
3
4
5
6
7
8
9
10

6
1,040,170.00
59,809.78

7
832,136.00
47,847.82

ede devolver este prstamo en dos aos.

8
624,102.00
35,885.87

9
416,068.00
23,923.91

10
208,034.00
11,961.96

Devolucin () Intereses ()
0.00
120,659.72
0.00
95,695.64
208,034.00
95,695.64
208,034.00
83,733.69
208,034.00
71,771.73
208,034.00
59,809.78
208,034.00
47,847.82
208,034.00
35,885.87
208,034.00
23,923.91
208,034.00
15,082.47
Total a pagar:

Pago ()
120,659.72
95,695.64
303,729.64
291,767.69
279,805.73
267,843.78
255,881.82
243,919.87
231,957.91
223,116.47
2,314,378.25

CAPITAL CIRCULANTE
Caja:
10%Capital fijo:

499,281.60

Stok materias primas:

Aceite usado (15 das)
Metanol (10 das)

Tm
1,800.00
132.00

Precio (/Tm)
190.00
500.00
TOTAL:

Precio (/l)
0.60
0.25

Produc.(kg/ao)
39,314,880.00
4,156,099.20

Coste ()
342,000.00
66,000.00
408,000.00

Clientes:
biodisel
glicerina
Cada 2 meses:

Prod. (l/ao)
43,683,200.00
3,298,491.43

Pago (/ao)
26,209,920.00
824,622.86

4,505,757.14

Proveedores:
Cada 2 meses:

1,617,000.00

Stok productos terminados:

Tm
841.84
239.29

Biodisel (7 das)
Glicerina (10 das)

Precio (/Tm)
285.84
285.84
TOTAL:

Ao 1

Coste ()
240,630.67
68,398.40
309,029.07

Ao 2

Ao 3

ACTIVO CIRCULANTE
caja
clientes
stock de PT y MT
AC

499,281.60
4,505,757.14
717,029.07
5,722,067.81

511,763.64
4,618,401.07
734,954.80
5,865,119.51

524,557.73
4,733,861.10
753,328.67
6,011,747.50

proveedores (PC)

1,617,000.00

1,657,425.00

1,698,860.63

4,105,067.81

4,207,694.51

4,312,886.87

PASIVO CIRCULANTE

CAPITAL CIRCULANTE (AC-PC)

Ao 4

Ao 5

Ao 6

Ao 7

Ao 8

537,671.67
4,852,207.63
772,161.89
6,162,041.19

551,113.47
4,973,512.82
791,465.93
6,316,092.22

564,891.30
5,097,850.64
811,252.58
6,473,994.52

579,013.59
5,225,296.90
831,533.90
6,635,844.38

593,488.92
5,355,929.33
852,322.24
6,801,740.49

1,741,332.14

1,784,865.44

1,829,487.08

1,875,224.26

1,922,104.86

4,420,709.04

4,531,226.77

4,644,507.44

4,760,620.13

4,879,635.63

Ao 9

Ao 10

608,326.15
5,489,827.56
873,630.30
6,971,784.01

623,534.30
5,627,073.25
895,471.06
7,146,078.61

1,970,157.49

2,019,411.42

5,001,626.52

5,126,667.18

PLAN FINANCIERO

INGRESOS
Aportacin propia
Subvencin
Prstamo a largo plazo
Prstamo a corto plazo
TOTAL

Ao 0
1,664,272.00
1,664,272.00
1,664,272.00
4,105,067.81
9,097,883.81

Ao 1
0.00
0.00
0.00
0.00
0.00

Ao 2
0.00
0.00
0.00
0.00
0.00

Ao 3
0.00
0.00
0.00
0.00
0.00

0.00 2,052,533.91 2,052,533.91

0.00 328,405.43
164,202.71

0.00
0.00

PAGOS
Prstamo a corto plazo
Devolucin
Intereses
Prstamo a largo plazo
Devolucin
Intereses
Comisiones
TOTAL

0.00
0.00
0.00 208,034.00
0.00
95,695.64
95,695.64 95,695.64
0.00
24,964.08
0.00
0.00
0.00 2,501,599.05 2,312,432.26 303,729.64

Ao 4
0.00
0.00
0.00
0.00
0.00

Ao 5
0.00
0.00
0.00
0.00
0.00

Ao 6
0.00
0.00
0.00
0.00
0.00

Ao 7
0.00
0.00
0.00
0.00
0.00

Ao 8
0.00
0.00
0.00
0.00
0.00

Ao 9
0.00
0.00
0.00
0.00
0.00

Ao 10
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

208,034.00 208,034.00 208,034.00 208,034.00 208,034.00 35,885.87

83,733.69 71,771.73 59,809.78 47,847.82 35,885.87 23,923.91
0.00
0.00
0.00
0.00
0.00
0.00
291,767.69 279,805.73 267,843.78 255,881.82 243,919.87 59,809.78

243,919.87
11,961.96
3,120.51
259,002.33

CUENTA DE RESULTADOS

CF
CC
Precio Biodisel
Produccin anual
Actualizacin
Precio glicerina
Produccin anual
Actualizacin

4,992,816
4,105,068
(/l)
(l/ao)
(/l)
(l/ao)

INGRESOS
Ventas brutas
Variacin de existencias
Stock MP
Stock PT
Ventas Netas

TOTAL
PAGOS

0.6
43,683,200.00
1
0.25
3,298,491.43
1

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

Ao 1
Ao 2
27,034,542.86
27,710,406.43
408,000.00
309,029.07
27,034,542.86

0.00
0.00
27,710,406.43

27,751,571.93

27,710,406.43

Ao 1
Ao 2
1,097,000.00
1,124,425.00

Mano de obra
Materias primas
Aceites
Metanol

7,524,000.00
2,178,000.00

7,712,100.00
2,232,450.00

Gastos de fabricacin
Combustibles
Electricidad

Amortizacin directa
OBRA CIVIL
Edif de oficinas
Resto
INSTALACIONES
Red abastecim
Red saneamien
Red elctrica
Telefona
Resto
MAQUINARIA
ACTIVO
INMATERIAL

Variacin de existencias
Stock de MP
Costes de comercializacin(35%VB)

TOTAL

1,022,946.00
11,977.81
364,466.61

1,048,519.65
12,277.26
364,466.61

8,320.00
12,615.00
150.00
250.00
1,800.00
160.00
71,755.00
143,510.00
125,906.61
408,000.00
408,000.00
9,462,090.00

0.00
0.00
9,698,642.25

22,068,480.42

22,192,880.77

Ao1

Ao2

MARGEN DE VENTAS

5,683,091.51

5,517,525.66

Costes de estructuras

591,775.56

606,569.95

5,091,315.95

4,910,955.72

120,659.72
328,405.43

95,695.64
164,202.71

4,642,250.81

4,651,057.36

1,392,675.24

1,395,317.21

BENEFICIO DISPONIBLE

3,249,575.56

3,255,740.15

FONDO DE BENEFICIO

3,249,575.56

6,505,315.72

RESULTADO OPERATIVO
GASTOS FINANCIEROS
Prstamo a largo plazo
Prstamo a corto plazo
RESULTADO ANTES DE IMPUESTOS
IMPUESTOS

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

Ao 3
Ao 4
Ao 5
Ao 6
Ao 7
28,403,166.59
29,113,245.75
29,841,076.90
30,587,103.82
31,351,781.42
0.00
0.00
28,403,166.59

0.00
0.00
29,113,245.75

28,403,166.59

29,113,245.75

0.00
0.00
29,841,076.90

0.00
0.00
30,587,103.82

0.00
0.00
31,351,781.42

29,841,076.90 30,587,103.82

31,351,781.42

Ao 3
Ao 4
Ao 5
Ao 6
Ao 7
1,152,535.63
1,181,349.02
1,210,882.74
1,241,154.81
1,272,183.68
7,904,902.50
2,288,261.25

8,102,525.06
2,345,467.78

8,305,088.19
2,404,104.48

8,512,715.39
2,464,207.09

8,725,533.28
2,525,812.26

1,074,732.64
12,584.19
364,466.61

1,101,600.96
12,898.79
364,466.61

1,129,140.98
13,221.26
364,466.61

1,157,369.51
13,551.79
364,466.61

1,186,303.74
13,890.59
364,466.61

0.00
0.00
9,941,108.31

0.00
0.00
10,189,636.01

0.00
0.00
10,444,376.91

0.00
0.00
10,705,486.34

0.00
0.00
10,973,123.50

22,738,591.12

23,297,944.23

23,871,281.17 24,458,951.54

25,061,313.66

Ao3

Ao4

Ao5

Ao6

Ao7

5,664,575.47

5,815,301.52

5,969,795.73

6,128,152.28

6,290,467.76

621,734.20

637,277.55

653,209.49

669,539.73

686,278.22

5,042,841.27

5,178,023.97

5,316,586.24

5,458,612.56

5,604,189.54

95,695.64
0.00

83,733.69
0.00

71,771.73
0.00

59,809.78
0.00

47,847.82
0.00

4,947,145.63

5,094,290.29

5,244,814.51

5,398,802.78

5,556,341.72

1,484,143.69

1,528,287.09

1,573,444.35

1,619,640.83

1,666,902.51

3,463,001.94

3,566,003.20

3,671,370.15

3,779,161.95

3,889,439.20

9,968,317.66

13,534,320.86

17,205,691.02

20,984,852.96

24,874,292.17

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

Ao 8
Ao 9
Ao 10
32,135,575.95 32,938,965.35 33,762,439.48
0.00
0.00
32,135,575.95

0.00
0.00
32,938,965.35

0.00
0.00
33,762,439.48

32,135,575.95 32,938,965.35 33,762,439.48

Ao 8
Ao 9
Ao 10
1,303,988.27
1,336,587.98
1,370,002.68
8,943,671.61
2,588,957.57

9,167,263.40
2,653,681.51

9,396,444.99
2,720,023.55

1,215,961.34
14,237.85
364,466.61

1,246,360.37
14,593.80
364,466.61

1,277,519.38
14,958.65
364,466.61

0.00
0.00
11,247,451.58

0.00
0.00
11,528,637.87

0.00
0.00
11,816,853.82

25,678,734.84 26,311,591.54 26,960,269.67

Ao8

Ao9

Ao10

6,456,841.11

6,627,373.81

6,802,169.82

703,435.18

721,021.05

739,046.58

5,753,405.94

5,906,352.75

6,063,123.24

35,885.87
0.00

23,923.91
0.00

15,082.47
0.00

5,717,520.07

5,882,428.84

6,048,040.77

1,715,256.02

1,764,728.65

1,814,412.23

4,002,264.05

4,117,700.19

4,233,628.54

28,876,556.22

32,994,256.41

37,227,884.95

PLAN DE TESORERIA
CF
CC

4,992,816
4,105,068
Precio Biodisel
Produccin anual
Actualizacin
Precio glicerina
Produccin anual
Actualizacin

(/l)
(l/ao)

0.6
43,683,200.00
1
0.25
3,298,491.43
1

(/l)
(l/ao)

Ao 0

Ao 1

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

Ao 2

INGRESOS
Explotaciones
Ventas
Patrimoniales
Subvenciones
Aportaciones propias

0.00 27,034,542.86

1,664,272.00
1,664,272.00

27,710,406.43

0.00
0.00

0.00
0.00

4,105,067.81 -2,052,533.91
1,664,272.00
0.00

-2,052,533.91
0.00

Exigible
A corto plazo
A largo plazo
Clientes
Clientes anteriores
TOTAL DE INGRESOS
PAGOS

0.00
0.00

4,505,757.14
0.00

4,618,401.07
4,505,757.14

9,097,883.81 20,476,251.81

25,545,228.59

Ao 0
Inversiones
Inmovilizado
Existencias

Ao 1

Ao 2

4,992,816.00
0.00

0.00
408,000.00

0.00
0.00

Proveedores
Proveedor anterior

0.00
0.00

1,617,000.00
0.00

1,657,425.00
1,617,000.00

Costes de fabricacin
Mano de obra
Materias primas
Gastos de fabricacin

0.00
0.00
0.00

1,097,000.00
9,702,000.00
1,034,923.81

1,124,425.00
9,944,550.00
1,060,796.91

Costes de estructura

0.00

591,775.56

606,569.95

Gastos de comercializacin

0.00

9,462,090.00

9,698,642.25

Gastos financieros
Largo plazo
Corto plazo

0.00
0.00

120,659.72
328,405.43

95,695.64
164,202.71

Impuestos

0.00

0.00

1,392,675.24

TOTAL PAGOS
caja inicial

4,992,816.00 21,127,854.52

24,047,132.70

0.00

4,105,067.81

3,453,465.11

caja periodo

4,105,067.81

-651,602.71

1,498,095.89

caja final

4,105,067.81

3,453,465.11

4,951,561.00

0.6
43,683,200.00
1.025
0.25
3,298,491.43
1.025

Ao 3

0.6
0.6
0.6
0.6
0.6
43,683,200.00 43,683,200.00 43,683,200.00 43,683,200.00 43,683,200.00
1.025
1.025
1.025
1.025
1.025
0.25
0.25
0.25
0.25
0.25
3,298,491.43 3,298,491.43
3,298,491.43 3,298,491.43 3,298,491.43
1.025
1.025
1.025
1.025
1.025

Ao 4

28,403,166.59

Ao 5

Ao 6

Ao 7

Ao 8

29,113,245.75 29,841,076.90 30,587,103.82 31,351,781.42 32,135,575.95

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
-208,034.00

0.00
-208,034.00

0.00
-208,034.00

0.00
-208,034.00

0.00
-208,034.00

0.00
-208,034.00

4,733,861.10
4,618,401.07

4,852,207.63
4,733,861.10

4,973,512.82
4,852,207.63

5,097,850.64
4,973,512.82

5,225,296.90
5,097,850.64

5,355,929.33
5,225,296.90

28,079,672.56
Ao 3

28,786,865.23 29,511,737.71 30,254,732.00 31,016,301.15 31,796,909.53

Ao 4

Ao 5

Ao 6

Ao 7

Ao 8

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

0.00
0.00

1,698,860.63
1,657,425.00

1,741,332.14
1,698,860.63

1,784,865.44
1,741,332.14

1,829,487.08
1,784,865.44

1,875,224.26
1,829,487.08

1,922,104.86
1,875,224.26

1,152,535.63
10,193,163.75
1,087,316.83
621,734.20
9,941,108.31

1,181,349.02 1,210,882.74
1,241,154.81 1,272,183.68 1,303,988.27
10,447,992.84 10,709,192.66 10,976,922.48 11,251,345.54 11,532,629.18
1,114,499.75 1,142,362.24
1,170,921.30 1,200,194.33 1,230,199.19
637,277.55

653,209.49

669,539.73

686,278.22

703,435.18

10,189,636.01 10,444,376.91 10,705,486.34 10,973,123.50 11,247,451.58

95,695.64
0.00

83,733.69
0.00

71,771.73
0.00

59,809.78
0.00

47,847.82
0.00

35,885.87
0.00

1,395,317.21

1,484,143.69

1,528,287.09

1,573,444.35

1,619,640.83

1,666,902.51

24,445,435.93

25,096,161.03 25,716,549.57 26,352,657.15 27,004,876.75 27,673,611.18

4,951,561.00

8,585,797.63 12,276,501.82 16,071,689.96 19,973,764.82 23,985,189.22

3,634,236.63

3,690,704.19

8,585,797.63

3,795,188.14

3,902,074.85

4,011,424.40

4,123,298.35

12,276,501.82 16,071,689.96 19,973,764.82 23,985,189.22 28,108,487.57

0.6
0.6
43,683,200.00 43,683,200.00
1.025
1.025
0.25
0.25
3,298,491.43 3,298,491.43
1.025
1.025

Ao 9

Ao 10

32,938,965.35 33,762,439.48

0.00
0.00

0.00
0.00

0.00
-35,885.87

0.00
-243,919.87

5,489,827.56
5,355,929.33

5,627,073.25
5,489,827.56

32,769,181.25 33,381,273.93
Ao 9

Ao 10
0.00
0.00

0.00
0.00

1,970,157.49
1,922,104.86

2,019,411.42
1,970,157.49

1,336,587.98 1,370,002.68
11,820,944.91 12,116,468.53
1,260,954.17 1,292,478.03
721,021.05

739,046.58

11,528,637.87 11,816,853.82

23,923.91
0.00

15,082.47
0.00

1,715,256.02

1,764,728.65

28,359,273.30 29,065,406.82
28,108,487.57 32,518,395.52
4,409,907.95

4,315,867.11

32,518,395.52 36,834,262.63

BALANCE
CF
CC

4,992,816.00
4,105,067.81

Ao 0

ACTIVO
Inmovilizado

Ao 1

Ao 2

Ao 3

4,992,816.00

4,992,816.00

4,992,816.00

4,992,816.00

0.00

-364,466.61

-728,933.22

-1,093,399.82

4,105,067.81

3,453,465.11

4,951,561.00

8,585,797.63

Existencias de mat primas

0.00

408,000.00

408,000.00

408,000.00

Clientes

0.00

4,505,757.14

4,618,401.07

4,733,861.10

Existencias de prod termi

0.00

309,029.07

309,029.07

309,029.07

Fonde de amortizacin
Disponible en caja

TOTAL ACTIVO

9,097,883.81 13,304,600.71 14,550,873.93 17,936,103.98

Recursos Propios
Capital
Subvenciones

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

Prstamos
P. Largo Plazo
P. Corto Plazo

1,664,272.00
4,105,067.81

1,664,272.00
2,052,533.91

1,664,272.00
0.00

1,456,238.00
0.00

Exigible a corto plazo

Proveedores
Impuestos

0.00
0.00

1,617,000.00
1,392,675.24

1,657,425.00
1,395,317.21

1,698,860.63
1,484,143.69

Fondo de beneficio

0.00

3,249,575.56

6,505,315.72

9,968,317.66

PASIVO

TOTAL PASIVO

ACTIVO - PASIVO

9,097,883.81 13,304,600.71 14,550,873.93 17,936,103.98

0.00

0.00

0.00

0.00

Ao 4

Ao 5

Ao 6

4,992,816.00

4,992,816.00

-1,457,866.43

Ao 7

4,992,816.00

Ao 8

Ao 9

Ao 10

4,992,816.00

4,992,816.00

4,992,816.00

4,992,816.00

-1,822,333.04

-2,186,799.65 -2,551,266.26

-2,915,732.86

-3,280,199.47

-3,644,666.08

12,276,501.82 16,071,689.96

19,973,764.82 23,985,189.22

28,108,487.57

32,518,395.52

36,834,262.63

408,000.00

408,000.00

408,000.00

408,000.00

408,000.00

408,000.00

408,000.00

4,852,207.63

4,973,512.82

5,097,850.64

5,225,296.90

5,355,929.33

5,489,827.56

5,627,073.25

309,029.07

309,029.07

309,029.07

309,029.07

309,029.07

309,029.07

309,029.07

28,594,660.88 32,369,064.94

36,258,529.10

40,437,868.68

44,526,514.87

21,380,688.09 24,932,714.81

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,664,272.00
1,664,272.00

1,248,204.00
0.00

1,040,170.00
0.00

832,136.00
0.00

624,102.00
0.00

416,068.00
0.00

380,182.14
0.00

136,262.27
0.00

1,741,332.14
1,528,287.09

1,784,865.44
1,573,444.35

1,829,487.08
1,619,640.83

1,875,224.26
1,666,902.51

1,922,104.86
1,715,256.02

1,970,157.49
1,764,728.65

2,019,411.42
1,814,412.23

13,534,320.86 17,205,691.02

20,984,852.96 24,874,292.17

28,876,556.22

32,994,256.41

37,227,884.95

21,380,688.09 24,932,714.81

28,594,660.88 32,369,064.94

36,258,529.10

40,437,868.68

44,526,514.87

0.00

0.00

0.00

0.00

0.00

0.00

0.00

T.I.R SIN FINANCIACIN

Ao 0

Ao 1

Ao 2

Ao 3

Ao 4

Capital fijo

4,992,816.00

0.00

0.00

0.00

0.00

Capital circulante

4,105,067.81

0.00

0.00

0.00

0.00

Total capital

9,097,883.81

0.00

0.00

0.00

0.00

Benf disponible

0.00 3,249,575.56

3,255,740.15

3,463,001.94

3,566,003.20

Amortizacin

0.00

364,466.61

364,466.61

364,466.61

364,466.61

Coste financiero

0.00

449,065.15

259,898.35

95,695.64

83,733.69

0.00

0.00

0.00

0.00

-9,097,883.81 4,063,107.32

3,880,105.12

3,923,164.19

4,014,203.49

Valor residual
TOTAL

T.I.R.

43.36%

Ao 5

Ao 6

Ao 7

Ao 8

Ao 9

Ao 10

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

3,779,161.95 3,889,439.20

4,002,264.05

4,117,700.19

4,233,628.54

3,671,370.15
364,466.61

364,466.61

364,466.61

364,466.61

364,466.61

364,466.61

71,771.73

59,809.78

47,847.82

35,885.87

23,923.91

15,082.47

0.00

0.00

0.00

0.00

0.00

1,348,149.92

4,203,438.33 4,301,753.63

4,402,616.53

4,506,090.71

5,961,327.53

4,107,608.49

Anlisis de sensibilidad
AO

C.Comerciales

1
9,462,090.00
36.46

2
9,698,642.25
36.86

3
9,941,108.31
36.93

4
10,189,636.01
36.94

5
10,444,376.91
36.95

C.Fabricacin
Mano de obra
Mat. Primas
G.Fabricacin
Total C.Fab.

%
Amortizacin

%
Beneficio disponibl

%
C.Estructura

%
G.Financieros

%
TOTAL

1,097,000.00
9,702,000.00
1,034,923.81
11,833,923.81

1,124,425.00
9,944,550.00
1,060,796.91
12,129,771.91

1,152,535.63
10,193,163.75
1,087,316.83
12,433,016.20

1,181,349.02
10,447,992.84
1,114,499.75
12,743,841.61

1,210,882.74
10,709,192.66
1,142,362.24
13,062,437.65

45.60
364,466.61

46.09
364,466.61

46.19
364,466.61

46.20
364,466.61

46.21
364,466.61

1.40
3,249,575.56

1.39
3,255,740.15

1.35
3,463,001.94

1.32
3,566,003.20

1.29
3,671,370.15

12.52
591,775.56

12.37
606,569.95

12.86
621,734.20

12.93
637,277.55

12.99
653,209.49

2.28
449,065.15

2.31
259,898.35

2.31
95,695.64

2.31
83,733.69

2.31
71,771.73

1.73
25,950,896.69

0.99
26,315,089.22

0.36
26,919,022.90

0.30
27,584,958.67

0.25
28,267,632.55

100

100

100

100

100

6
10,705,486.34
36.96

7
10,973,123.50
36.97

8
11,247,451.58
36.97

9
11,528,637.87
36.98

10
11,816,853.82
36.99

1,241,154.81
10,976,922.48
1,170,921.30
13,388,998.59

1,272,183.68
11,251,345.54
1,200,194.33
13,723,723.56

1,303,988.27
11,532,629.18
1,230,199.19
14,066,816.65

1,336,587.98
11,820,944.91
1,260,954.17
14,418,487.06

1,370,002.68
12,116,468.53
1,292,478.03
14,778,949.24

46.22
364,466.61

46.23
364,466.61

46.24
364,466.61

46.25
364,466.61

46.26
364,466.61

1.26
3,779,161.95

1.23
3,889,439.20

1.20
4,002,264.05

1.17
4,117,700.19

1.14
4,233,628.54

13.05
669,539.73

13.10
686,278.22

13.16
703,435.18

13.21
721,021.05

13.25
739,046.58

2.31
59,809.78

2.31
47,847.82

2.31
35,885.87

2.31
23,923.91

2.31
15,082.47

0.21
28,967,462.99

0.16
29,684,878.90

0.12
30,420,319.93

0.08
31,174,236.70

0.05
31,948,027.25

100

100

100

100

100