Quadro de Investimento

ANO 1
1. Construo

200,000

50

2%

4,000

2. Equipamento e Mobilirio

100,000

10

10%

10,000

5,000

20%

1,000

4. Equipamento Elctrico

10,000

20%

2,000

5. Viaturas de Transporte

25,000

25%

6,250

6. Marketing

5,000

20%

1,000

7. Fundo de Maneio

5,000

20%

1,000

3. Ar Condicionado

TOTAL

350,000

25,250

ESTRUTURA DE
CAPITAIS
Valor

Investimento Total e Necessidades de

Tesourraia

350,000

100%

Financiamento Bancrio m.l.p

262,500

75%

87,500

25%

Capitais Prpios

Ano

Financiamento Funcionamento

1
2
3
4
5
TOTAL

Total

1,200
1,200
1,200
1,200
1,200

1,200
1,200
1,200
1,200
1,200

6,000

6,000

ANO 1
1. Construo

Plano de Amortizao
Periodo
Taxa
Amortizao
Vida til Amortizao
Anual

200,000

50

2%

4,000

100,000

10

10%

10,000

5,000

20%

1,000

5. Equipamento Elctrico

10,000

20%

2,000

6. Viaturas de Transporte

25,000

20%

5,000

7. Marketing

5,000

20%

1,000

8. Fundo de Maneio

5,000

2.

Equipamento Hoteleiro e
Mobilirio

3. Ar Condicionado

TOTAL

350,000

23,000

Descrio

Ano 1

Ano 2

Ano 3

VENDAS/SERVIOS
PRESTADOS
1 Vendas

500,000

500,000

500,000

2 Total de Receitas

500,000

500,000

500,000

250,000

250,000

250,000

4 Fornecimentos e
Servios Externos

24,000

24,000

24,000

5 Custos com o
Pessoal

84,240

84,240

84,240

5,273

5,175

5,065

7 Custos Financeiros
de Financiamento

27,341

17,539

6,495

8 Custos Financeiros
de Financiamento

1,200

1,200

1,200

23,000

23,000

23,000

10 Total de Custos
(3+4+5+6+7+8+9)

415,054

405,155

394,000

11 Resulatdo Antes
de Impostos (2-10)

84,946

94,845

106,000

12 Imposto
Industrial (30%)

25,484

28,454

31,800

13 Resultado Liquido
(11-12)

59,462

66,392

74,200

14 Meios Libertos
Liquidos (13+9+7)

109,803

106,931

103,695

15 Meios Libertos
Liquidos Acumulado

109,803

216,734

320,429

16 Meios Libertos
Brutos (14+12+8)

136,487

136,585

136,695

CUSTOS
3 CEVC

6 Impostos

9 Amortizao do
Imoblizado

Descrio

Ano 1

Ano 2

Ano 3

OUT-FLOWS
Investimento em
Imobilizado

345,000

Investimento em
Fundo de Maneio

5,000

1 Total

350,000

109,803

106,931

103,695

IN-FLOWS
Meios Libertos
Recuperao Valor
Residual
2 Total

188,000
109,803

106,931

291,695

Cash-Flow do
Investimento (2-1)

-240,197

106,931

291,695

Cash-Flow
Acumulado

-240,197

-133,266

158,429

Anos Amortizao do imvel:

Capital

3,000,000

MS

CI
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Renda
Juro
262,500
8,719
256,406
8,719
250,252
8,719
244,035
8,719
237,757
8,719
231,416
8,719
225,011
8,719
218,542
8,719
212,009
8,719
205,410
8,719
198,746
8,719
192,015
8,719
185,216
8,719
178,349
8,719
171,414
8,719
164,409
8,719
157,335
8,719

Amort
CF
2,625
6,094
256,406
2,564
6,155
250,252
2,503
6,216
244,035
2,440
6,278
237,757
2,378
6,341
231,416
2,314
6,405
225,011
2,250
6,469
218,542
2,185
6,533
212,009
2,120
6,599
205,410
2,054
6,665
198,746
1,987
6,731
192,015
1,920
6,799
185,216
1,852
6,867
178,349
1,783
6,935
171,414
1,714
7,005
164,409
1,644
7,075
157,335
1,573
7,145
150,189

18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

150,189
142,973
135,683
128,322
120,886
113,376
105,791
98,130
90,393
82,578
74,685
66,713
58,661
50,529
42,316
34,020
25,642
17,179
8,632
0
-8,719
-17,525
-26,419
-35,402

1,502
1,430
1,357
1,283
1,209
1,134
1,058
981
904
826
747
667
587
505
423
340
256
172
86
0
-87
-175
-264
-354

8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719

7,217
7,289
7,362
7,436
7,510
7,585
7,661
7,737
7,815
7,893
7,972
8,052
8,132
8,213
8,296
8,379
8,462
8,547
8,632
8,719
8,806
8,894
8,983
9,073

142,973
135,683
128,322
120,886
113,376
105,791
98,130
90,393
82,578
74,685
66,713
58,661
50,529
42,316
34,020
25,642
17,179
8,632
0
-8,719
-17,525
-26,419
-35,402
-44,474

Renda

104,625

104,625

104,625

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

-44,474
-53,638
-62,893
-72,241
-81,682
-91,217
-100,848
-110,576
-120,400
-130,323
-140,345
-150,467
-160,691
-171,016
-181,445
-191,978
-202,617
-213,362
-224,214

8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719
8,719

-445
-536
-629
-722
-817
-912
-1,008
-1,106
-1,204
-1,303
-1,403
-1,505
-1,607
-1,710
-1,814
-1,920
-2,026
-2,134
-2,242
25,450

9,164
9,255
9,348
9,441
9,536
9,631
9,727
9,825
9,923
10,022
10,122
10,223
10,326
10,429
10,533
10,639
10,745
10,852
10,961
497,675

-53,638
-62,893
-72,241
-81,682
-91,217
-100,848
-110,576
-120,400
-130,323
-140,345
-150,467
-160,691
-171,016
-181,445
-191,978
-202,617
-213,362
-224,214
-235,175

104,625

104,625

Juro

Juro
Amortizao Capital
Periodo

0.12
262,500
36
1+i

27,341

77,284

17,539

87,086

6,495

98,130

(1+i)-n
1-(1+i)-n (1+i)-n/i
1.01 0.698925 0.301075 30.10751

-5,951

110,576

-19,974

124,599

Renda
8718.756

Ano

Prestao

Juro

Amortizao

1
2
3

104,625
104,625
104,625

27,341
17,539
6,495

77,284
87,086
98,130

TOTAIS

313,875

51,375

262,500

Ano

Meios
Libertos

Servio da
Dvida

Saldo Anual

1
2
3

109,803
106,931
103,695

104,625
104,625
104,625

5,178
2,306
-930

TOTAIS

320,429

313,875

6,554

Saldo
185,216
107,932
20,846

Saldo
Acumulado
5,178
7,484
6,554

Descrio

Ano 1

Ano 2

Ano 3

ORIGEM DE FUNDOS
Capitais Prprios

87,500

Emprstimos m/l prazo

262,500

Meios libertos brutos

136,487

136,585

136,695

486,487

136,585

136,695

Total
APLICAO DE FUNDOS
Investimento em imobilizado
Investimento em Fundo de
Maneio

345,000
5,000

Reembolso de emprstimo de
m.l.p

77,284

87,086

98,130

Encargos Financeiros de
Financiamento

27,341

17,539

6,495

Encargos Financeiros de
Funcionamento

1,200

1,200

1,200

25,484

28,454

31,800

481,309

134,279

137,625

Saldo de Tesouraria Anual

5,178

2,306

-930

Saldo de Tesouraria
Acumulado

5,178

7,484

6,554

Imposto Sobre Lucros

Total

Ano
1
2
3
TOTAIS

Cash-Flow
a)
b)

-240,197
106,931
291,695

Factor
Actualizao
1
0.8696
0.7561

158,429

Cash-Flow
Actualizado
-240,197
92,984
220,563
73,350

a) Cash-Flow de Explorao do ano 1

Investimento Ano 1

109,803
-350,000
-240,197

b) Cash-Flow de Explorao do ano 3

Recuperao do Valor Residual

103,695
188,000
291,695

Taxa de actualizao: 15%

TIR:

17%

17%