TALLER II: Anlisis Horizontal y vertical

FLUJO DE CAJA INVERSIONISTA Ao 0 Ao 1 Ao 2 Ao 3 Ao 4 Ao 5

136,439.4 139,129.5 141,872.7 144,669.9 147,522.3
INGRESOS 9 8 2 5 2
435.2 2,907.0
Venta activo - - 0 - 0
136,439.4 139,129.5 142,307.9 144,669.9 150,429.3
Total ingresos 9 8 2 5 2
COSTOS DE PRODUCCIN
(8,162.27 (8,501.82 (8,855.50 (9,223.89 (9,607.60
Materia prima ) ) ) ) )
(14,707.52 (15,319.35 (15,956.64 (16,620.43 (17,311.84
Mano de obra directa ) ) ) ) )
(13,553.59 (14,117.42 (14,704.71 (15,316.42 (15,953.58
Costos indirectos de fabricacion ) ) ) ) )
(36,423.38 (37,938.60 (39,516.84 (41,160.74 (42,873.03
TOTAL COSTOS DE PRODUCCION ) ) ) ) )
100,016.1 101,190.9 102,791.0 103,509.2 107,556.2
(=) UTILIDAD BRUTA 0 9 8 0 9

GASTOS OPERACIONALES
(2,220.00 (2,312.35 (2,408.55 (2,508.74 (2,613.10
Gastos de Servicios ) ) ) ) )
(65,713.60 (68,447.29 (71,294.69 (74,260.55 (77,349.79
Gastos Administrativos ) ) ) ) )
(7,006.33 (7,006.33 (7,006.33 (7,006.33 (7,006.33
Depreciacin (de activos fijos) ) ) ) ) )
(2,040.00 (2,124.86 (2,213.26 (2,305.33 (2,401.23
Gastos de Venta ) ) ) ) )
valor en libros
(76,979.93 (82,922.83 (89,370.46
total gastos operacionales ) (79,890.84) ) (86,080.96) )
23,036.1 21,300.1 19,868.2 17,428.2 18,185.8
(=) Utilidad Operacional 7 5 5 5 3

GASTOS NO OPERACIONALES
(5,160.17 (4,838.71 (4,484.63 (4,094.61 (3,665.00
Gastos Financieros (intereses sobre prestamos) ) ) ) ) )
(5,160.17 (4,838.71 (4,484.63 (4,094.61 (3,665.00
TOTAL GASTOS NO OPERACIONALES ) ) ) ) )
(=) UTILIDAD ANTES DE PART. TRAB. E 17,876.0 16,461.4 15,383.6 13,333.6 14,520.8
IMPUESTOS 0 4 2 4 3
(2,681.40 (2,469.22 (2,307.54 (2,000.05 (2,178.12
(-) 15% Participacin de Trabajadores ) ) ) ) )
15,194.6 13,992.2 13,076.0 12,342.7
(=) Utilidad antes de Impuestos 0 3 8 11,333.59 1
(3,342.81 (3,078.29 (2,876.74 (2,493.39 (2,715.40
(-) 22% Impuesto a la Renta ) ) ) ) )
 10,913.9 10,199.3 8,840.2 9,627.3
(=) UTILIDAD NETA 11,851.79 4 4 0 1

(+) Depreciacion (de activos fijos) 7,006.33 7,006.33 7,006.33 7,006.33 7,006.33
(+) valor en libros - - - - -

(-) Inversin (69,592.00) - - (435.20) - (2,907.00)

(+) Prstamo 50,839.10

(-) Capital de trabajo (3,035.28)

(-) Amortizacin deuda (3,167.05) (3,488.51) (3,842.59) (4,232.61) (4,662.22)

(+) Recuperacin Capital de Trabj.
(+) Valor de Desecho

(=) Flujo Neto Efectivo (21,788.18) 15,691.07 14,431.76 12,927.89 11,613.92 9,064.42