Subconsultoria para consultoria xx be EMPRESA-Comerçial préexistente-Mila flores comerç

Imobilzações incorpóreos

Instalações générais ,agênciamentos e instalação

Dépósito iniçial de aluguer
Dépósito iniçial de électricidade
Dépósito iniçial de télefone
Encargos iniçial de abertura de pasta seguro
Cotização sindical

Total dos encargos iníçiais do projecto

Estudo por obtenção de Linha de crédito

à procurar Em nossa possesão

4,041,440 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

4,041,440 0
Custo do projecto

Encargos iniçiais do projecto

Ativos à curto prazo à procurar

Capital de giro 55,984,546.34
Inventário 0
Subtotal 55,984,546.34

Activs à longo prazo (immobilizações) à procurar

137,974,013.66
0
0
0
0
0
Autres:____________ 0
SUBTOTAL 137,974,013.66

Total do custo do projecto

Fontes de finançiamento

Partiçipação em capital
Transfiro de ativos pessoais 0
Dinheiro cash 0
Pré-iníçio 0
Subvenções de investimentos 0
Sous-total

Empréstimos
Margem de crédito autorizado 0
Emprestímo bancário-1 198,000,000
Emprestímo bancário-2 0
Sous-total

Total das fontes de finançiamento

Margem de crédito disponível (Montante total a

Investimento 198,000,000.00
 4,041,440 2.04%

em possesão
0
0
0 55,984,546.34 28.28%

em possesão
0
0
0
0
0
0
0
0 137,974,013.66 69.68%

198,000,000 100.00%

198,000,000

198,000,000

(Montante total autorizado) 0

Taxa de rendimentos de capitais 0.15
Taxa de crescimetno salario ao nível taxa
crescimento économico 0.09
Taxa actualização 0.12
Taxa de crescimento das vendas 0.013 PIB Todos sectores
Taxa de Imposto de consumo 0.05
Taxa de retenção na fonte 0.065 OK

Empréstimo bancário 198,000,000.00

Taxa de juro anual 5.00%
Número de anos 7
Número de Pagamentos por anos 12
data do primeiro pagamento 7/1/2017
Pagamento cálculado :

Margem de crédito
Montant autorizado: 0.00
Taxa de juros anual: 0.00%
 Facturação anual
N° Rúbrica Unidade Qtde PU
1 Aluguer até 50km frete 120.00 11,250.00
2 Aluguer até 100km frete 120.00 26,000.00
3 Aluguer até 300Km frete 50.00 67,500.00
4 Aluguer até 500Km frete 10.00 ###
SUBTOTAL-1-Aluguer 300.00 ###
5 Mercadorias/zona péri-urbana t 10.00 1,111.11
6 Mercadorias espeçial t 10.00 1,666.67
SUBBTOTAL-1-Mercadorias 20.00 2,777.78
TOTAL 320.00 ###
Valor mensal Valor Anual
1,350,000.00 16,200,000.00
3,120,000.00 37,440,000.00
3,375,000.00 40,500,000.00
1,125,000.00 13,500,000.00
8,970,000.00 107,640,000.00
11,111.10 133,333.20
16,666.70 200,000.40
27,777.80 333,333.60
8,997,777.80 107,973,333.60
 Investimento 35,000,000.00
Taxa de crescimento das ve 0.013 PIB cresimento-28/07/2016
Taxa de Imposto de consu 0.050 IPC-2016
Taxa de retenção na fonte 0.065 Imposto industrial-2016
Plano de Vendas AN1 AN2 AN3
ACTIVIDADES DE VENDAS 2017 2018 2019
aluguer até 50km 16,200,000.00 16,410,600.00 16,623,937.80
Aluguer até 100km 37,440,000.00 37,926,720.00 38,419,767.36
Aluguer até 300km 40,500,000.00 41,026,500.00 41,559,844.50
Aluguer até 500km 13,500,000.00 13,675,500.00 13,853,281.50
SUBTOTAL ALUGUER 107,640,000.00 109,039,320.00 110,456,831.16

Mercadorias /zona urbana 133,333.20 135,066.53 136,822.40

Mercadorias espeçial 200,000.40 202,600.41 205,234.21
SUBTOTAL MERCADORIAS 333,333.60 337,666.94 342,056.61

TOTAL 107,973,333.60 109,376,986.94 110,798,887.77

AN1 AN2 AN3

Volume de negóçio 107,973,333.60 109,376,986.94 110,798,887.77
 AN4 AN5 AN6 AN7
2020 2021 2021 2021
16,840,048.99 17,058,969.63 17,280,736.23 17,505,385.80
38,919,224.34 39,425,174.25 39,937,701.52 40,456,891.64
42,100,122.48 42,647,424.07 43,201,840.58 43,763,464.51
14,033,374.16 14,215,808.02 14,400,613.53 14,587,821.50
111,892,769.97 113,347,375.97 114,820,891.86 116,313,563.46

138,601.09 140,402.90 142,228.14 144,077.11

207,902.26 210,604.98 213,342.85 216,116.31
346,503.34 351,007.89 355,570.99 360,193.41

112,239,273.31 113,698,383.86 115,176,462.85 116,673,756.87

AN4 AN5 AN6 AN7

112,239,273.31 113,698,383.86 115,176,462.85 116,673,756.87
C Investimento ###
Taxa de crescimento das venda 0.013 PIB cresimento-28/07/2016
Taxa de Imposto de consumo 0.050 IPC-2016
Taxa de retenção na fonte 0.065 Imposto industrial-2016
Custo acessórios ,combustíveis e lubrificantes AN1 AN2 AN3 AN4
2017 2018 2019 2020
aluguer até 50km 4,050,000.00 ### 4,155,984.45 4,169,491.40
Aluguer até 100km 9,360,000.00 ### 9,420,938.87 9,451,556.92
Aluguer até 300km ### ### ### 10,525,030.62
Aluguer até 500km 3,375,000.00 ### 3,463,320.38 3,508,343.54
SUBTOTAL ALUGUER 26,910,000.00 ### 27,430,204.82 27,654,422.48

Mercadorias /zona urbana 33,333.30 33,766.63 34,205.60 34,650.27

Mercadorias espeçial 50,000.10 50,650.10 51,308.55 51,975.56
SUBTOTAL MERCADORIAS 83,333.40 84,416.73 85,514.15 86,625.84

TOTAL 26,993,333.40 ### 27,515,718.97 27,741,048.31

Margem 0.25

AN5 AN6 AN7

2021 2021 2021
4,183,042.25 4,196,637.13 4,210,276.20
9,482,274.48 9,513,091.87 9,544,009.42
10,661,856.02 ### ###
3,553,952.01 3,600,153.38 3,646,955.38
27,881,124.75 28,110,342.53 28,342,107.13

35,100.73 35,557.03 36,019.28

52,651.25 53,335.71 54,029.08
87,751.97 88,892.75 90,048.35

27,968,876.72 28,199,235.28 28,432,155.48

 Despesas administrativas e gerais
N° Designação 1 ano 2 ano 3 ano 4 ano 5 ano
1 Energia électrica e água ### ### ### ### ###
2 Seguros e transporte ### ### ### ### ###
3 Publicidade por rádio ### ### ### ### ###
4 Matérial de escritório 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
5 Contenciosos e notários ### ### ### ### ###
6 Vigilência e segurança ### ### ### ### ###
7 Comunicação por internet ### ### ### ### ###
8Alimentação /pequenos almoço ### ### ### ### ###
9 Manutenção de equipamentos ### ### ### ### ###
10 Assistências técnicas 50,000.00 50,000.00 50,000.00 50,000.00 50,000.00
TOTAL ### ### ### ### ###
 6 ano 7 ano
### ###
### ###
### ###
50,000.00 50,000.00
### ###
### ###
### ###
### ###
### ###
50,000.00 50,000.00
### ###
 crescimento salário 0.09

N° Função/Categoria QTDE Salário kwz ano1 ano2 ano3

1 Gerente 1 120,000.00 ### 1,635,000.00 1,782,150.00
2 Administrativo 1 85,000.00 ### 1,158,125.00 1,262,356.25
3 Gestor de vendas/market 1 40,000.00 500,000.00 545,000.00 594,050.00
4 Motorista de classe 2 85,000.00 ### 1,158,125.00 1,262,356.25
5 Mecânico ajudante 2 40,000.00 483,600.00 527,124.00 574,565.16
6 Recepçionista/telefonist 1 45,000.00 562,500.00 613,125.00 668,306.25
7 Auxiliares/Esivadores 1 25,000.00 312,500.00 340,625.00 371,281.25
TOTAL 9 440,000.00 ### 5,977,124.00 6,515,065.16
 ano4 ano5 ano6 ano7
1,942,543.50 2,117,372.42 2,307,935.93 2,515,650.17
1,375,968.31 1,499,805.46 1,634,787.95 1,781,918.87
647,514.50 705,790.81 769,311.98 838,550.06
1,375,968.31 1,499,805.46 1,634,787.95 1,781,918.87
626,276.02 682,640.87 744,078.54 811,045.61
728,453.81 794,014.66 865,475.97 943,368.81
404,696.56 441,119.25 480,819.99 524,093.78
7,101,421.02 7,740,548.92 8,437,198.32 9,196,546.17
N° Realizado
1 Investimentos fixos corpóreo
1.1
1.2 Mitsubishi Canter Pick up Novo Okm 16,000,000.00
Mitsubishi Canter Frogorifico Novo Okm 22,000,000.00
1.3 Random Semi Reboque Plataforma Carga seca 8,990,000.00
1.4 Renault trucks-Kerax .440 .34T64.CP.CAIXA 31,600,000.00
Renault trucks-0.16,0220R42.Frigo .27M3 35,600,000.00
Perkins 100 kva 22,200,000.00
Manutenção excepcional-reabilitação armazém 1,007,113.66
PCHP 280 MT PDC4400 4G 500W10DG7+21 434,700.00
HP OFFICEJET E-AIO 7612 DNW(15/8)A30,25 55,800.00
CADEIRA EXECUTIVE TOP PRETA 86,400.00
A Investimento corpóreo 137,974,013.66
B Investimento fixo incorpóreo 4,041,440.00
C Capital de giro 55,984,546.34
TOTAL A+B+C 198,000,000.00
Soma amortizações e réintegrações

Investimento 198,000,000.00

Soma das amortizações e reintegrações 191,027,065.90

Valor résidual 6,972,934.10
Taxa 1 2 3 4 5 6 7

0.25 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00

0.25 5,500,000.00 5,500,000.00 5,500,000.00 5,500,000.00
0.25 2,247,500.00 2,247,500.00 2,247,500.00 2,247,500.00
0.25 7,900,000.00 7,900,000.00 7,900,000.00 7,900,000.00
0.25 8,900,000.00 8,900,000.00 8,900,000.00 8,900,000.00
0.10 2,220,000.00 2,220,000.00 2,220,000.00 2,220,000.00 ### ### ###
0.10 100,711.37 100,711.37 100,711.37 100,711.37 100,711.37 100,711.37 100,711.37
0.25 108,675.00 108,675.00 108,675.00 108,675.00
0.25 13,950.00 13,950.00 13,950.00 13,950.00
0.125 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00 10,800.00
### 31,001,636.37 31,001,636.37 ### ### ### ###
0.20 808,288.00 808,288.00 808,288.00 808,288.00 808,288.00
0.20 ### 11,196,909.27 11,196,909.27 ### ###
### 43,006,833.63 43,006,833.63 ### ### ### ###
 2017 2018 2019 2020
an1 an2 an3 an4
juros 4,825,967.99 8,737,516.75 7,466,417.25 6,130,285.85
reembolso 11,965,116.00 24,844,651.22 26,115,750.75 27,451,882.09

Capital
No Data Emprestado juros Capital
1 01-07-2017 198,000,000.00 825,000.00 1,973,514.00
2 01-08-2017 196,026,486.00 816,777.03 1,981,736.97
3 01-09-2017 194,044,749.03 808,519.79 1,989,994.21
4 01-10-2017 192,054,754.82 800,228.15 1,998,285.85
5 01-11-2017 190,056,468.97 791,901.95 2,006,612.04
6 01-12-2017 188,049,856.93 783,541.07 2,014,972.93
7 01-01-2018 186,034,884.00 775,145.35 2,023,368.65
8 01-02-2018 184,011,515.36 766,714.65 2,031,799.35
9 01-03-2018 181,979,716.01 758,248.82 2,040,265.18
10 01-04-2018 179,939,450.83 749,747.71 2,048,766.28
11 01-05-2018 177,890,684.55 741,211.19 2,057,302.81
12 01-06-2018 175,833,381.74 732,639.09 2,065,874.91
13 01-07-2018 173,767,506.83 724,031.28 2,074,482.72
14 01-08-2018 171,693,024.11 715,387.60 2,083,126.40
15 01-09-2018 169,609,897.72 706,707.91 2,091,806.09
16 01-10-2018 167,518,091.63 697,992.05 2,100,521.95
17 01-11-2018 165,417,569.68 689,239.87 2,109,274.12
18 01-12-2018 163,308,295.56 680,451.23 2,118,062.76
19 01-01-2019 161,190,232.79 671,625.97 2,126,888.03
20 01-02-2019 159,063,344.77 662,763.94 2,135,750.06
21 01-03-2019 156,927,594.71 653,864.98 2,144,649.02
22 01-04-2019 154,782,945.69 644,928.94 2,153,585.06
23 01-05-2019 152,629,360.63 635,955.67 2,162,558.33
24 01-06-2019 150,466,802.30 626,945.01 2,171,568.99
25 01-07-2019 148,295,233.32 617,896.81 2,180,617.19
26 01-08-2019 146,114,616.13 608,810.90 2,189,703.10
27 01-09-2019 143,924,913.03 599,687.14 2,198,826.86
28 01-10-2019 141,726,086.17 590,525.36 2,207,988.64
29 01-11-2019 139,518,097.54 581,325.41 2,217,188.59
30 01-12-2019 137,300,908.95 572,087.12 2,226,426.88
31 01-01-2020 135,074,482.07 562,810.34 2,235,703.65
32 01-02-2020 132,838,778.42 553,494.91 2,245,019.09
33 01-03-2020 130,593,759.33 544,140.66 2,254,373.33
34 01-04-2020 128,339,386.00 534,747.44 2,263,766.55
35 01-05-2020 126,075,619.44 525,315.08 2,273,198.92
36 01-06-2020 123,802,420.53 515,843.42 2,282,670.58
37 01-07-2020 121,519,749.95 506,332.29 2,292,181.70
38 01-08-2020 119,227,568.25 496,781.53 2,301,732.46
39 01-09-2020 116,925,835.78 487,190.98 2,311,323.01
40 01-10-2020 114,614,512.77 477,560.47 2,320,953.53
41 01-11-2020 112,293,559.24 467,889.83 2,330,624.17
42 01-12-2020 109,962,935.08 458,178.90 2,340,335.10
43 01-01-2021 107,622,599.98 448,427.50 2,350,086.50
44 01-02-2021 105,272,513.48 438,635.47 2,359,878.52
45 01-03-2021 102,912,634.96 428,802.65 2,369,711.35
46 01-04-2021 100,542,923.61 418,928.85 2,379,585.15
47 01-05-2021 98,163,338.46 409,013.91 2,389,500.09
48 01-06-2021 95,773,838.37 399,057.66 2,399,456.34
49 01-07-2021 93,374,382.04 389,059.93 2,409,454.07
50 01-08-2021 90,964,927.97 379,020.53 2,419,493.46
51 01-09-2021 88,545,434.50 368,939.31 2,429,574.69
52 01-10-2021 86,115,859.82 358,816.08 2,439,697.91
53 01-11-2021 83,676,161.90 348,650.67 2,449,863.32
54 01-12-2021 81,226,298.58 338,442.91 2,460,071.09
55 01-01-2022 78,766,227.50 328,192.61 2,470,321.38
56 01-02-2022 76,295,906.11 317,899.61 2,480,614.39
57 01-03-2022 73,815,291.73 307,563.72 2,490,950.28
58 01-04-2022 71,324,341.45 297,184.76 2,501,329.24
59 01-05-2022 68,823,012.21 286,762.55 2,511,751.45
60 01-06-2022 66,311,260.76 276,296.92 2,522,217.08
61 01-07-2022 63,789,043.68 265,787.68 2,532,726.31
62 01-08-2022 61,256,317.37 255,234.66 2,543,279.34
63 01-09-2022 58,713,038.03 244,637.66 2,553,876.34
64 01-10-2022 56,159,161.69 233,996.51 2,564,517.49
65 01-11-2022 53,594,644.20 223,311.02 2,575,202.98
66 01-12-2022 51,019,441.22 212,581.01 2,585,932.99
67 01-01-2023 48,433,508.23 201,806.28 2,596,707.71
68 01-02-2023 45,836,800.52 190,986.67 2,607,527.33
69 01-03-2023 43,229,273.19 180,121.97 2,618,392.02
70 01-04-2023 40,610,881.17 169,212.00 2,629,301.99
71 01-05-2023 37,981,579.18 158,256.58 2,640,257.42
72 01-06-2023 35,341,321.76 147,255.51 2,651,258.49
73 01-07-2023 32,690,063.27 136,208.60 2,662,305.40
74 01-08-2023 30,027,757.87 125,115.66 2,673,398.34
75 01-09-2023 27,354,359.53 113,976.50 2,684,537.50
76 01-10-2023 24,669,822.04 102,790.93 2,695,723.07
77 01-11-2023 21,974,098.97 91,558.75 2,706,955.25
78 01-12-2023 19,267,143.71 80,279.77 2,718,234.23
79 01-01-2024 16,548,909.48 68,953.79 2,729,560.21
80 01-02-2024 13,819,349.28 57,580.62 2,740,933.37
81 01-03-2024 11,078,415.90 46,160.07 2,752,353.93
82 01-04-2024 8,326,061.97 34,691.92 2,763,822.07
83 01-05-2024 5,562,239.90 23,176.00 2,775,338.00
84 01-06-2024 2,786,901.90 11,612.09 2,786,901.90
 2021 2022 2023 2024
an5 an6 an7 an8
4,725,795.47 3,249,448.71 1,697,569.22 242,174.49
28,856,372.49 30,332,719.27 31,884,598.75 16,548,909.48

Saldo do juros
Capital Cumulados
196,026,486.00 825,000.00
194,044,749.03 1,641,777.03
192,054,754.82 2,450,296.81
190,056,468.97 3,250,524.96
188,049,856.93 4,042,426.91
186,034,884.00 4,825,967.98
184,011,515.36 5,601,113.33
181,979,716.01 6,367,827.98
179,939,450.83 7,126,076.80
177,890,684.55 7,875,824.51
175,833,381.74 8,617,035.69
173,767,506.83 9,349,674.78
171,693,024.11 10,073,706.06
169,609,897.72 10,789,093.66
167,518,091.63 11,495,801.57
165,417,569.68 12,193,793.62
163,308,295.56 12,883,033.49
161,190,232.79 13,563,484.72
159,063,344.77 14,235,110.69
156,927,594.71 14,897,874.63
154,782,945.69 15,551,739.61
152,629,360.63 16,196,668.55
150,466,802.30 16,832,624.22
148,295,233.32 17,459,569.23
146,114,616.13 18,077,466.03
143,924,913.03 18,686,276.93
141,726,086.17 19,285,964.07
139,518,097.54 19,876,489.43
137,300,908.95 20,457,814.84
135,074,482.07 21,029,901.96
132,838,778.42 21,592,712.30
130,593,759.33 22,146,207.21
128,339,386.00 22,690,347.87
126,075,619.44 23,225,095.32
123,802,420.53 23,750,410.40
121,519,749.95 24,266,253.81
119,227,568.25 24,772,586.11
116,925,835.78 25,269,367.64
114,614,512.77 25,756,558.62
112,293,559.24 26,234,119.09
109,962,935.08 26,702,008.92
107,622,599.98 27,160,187.82
105,272,513.48 27,608,615.32
102,912,634.96 28,047,250.79
100,542,923.61 28,476,053.44
98,163,338.46 28,894,982.29
95,773,838.37 29,303,996.20
93,374,382.04 29,703,053.86
90,964,927.97 30,092,113.78
88,545,434.50 30,471,134.31
86,115,859.82 30,840,073.63
83,676,161.90 31,198,889.71
81,226,298.58 31,547,540.38
78,766,227.50 31,885,983.29
76,295,906.11 32,214,175.91
73,815,291.73 32,532,075.52
71,324,341.45 32,839,639.23
68,823,012.21 33,136,823.99
66,311,260.76 33,423,586.54
63,789,043.68 33,699,883.46
61,256,317.37 33,965,671.14
58,713,038.03 34,220,905.80
56,159,161.69 34,465,543.45
53,594,644.20 34,699,539.96
51,019,441.22 34,922,850.98
48,433,508.23 35,135,431.98
45,836,800.52 35,337,238.27
43,229,273.19 35,528,224.94
40,610,881.17 35,708,346.91
37,981,579.18 35,877,558.91
35,341,321.76 36,035,815.49
32,690,063.27 36,183,071.00
30,027,757.87 36,319,279.60
27,354,359.53 36,444,395.26
24,669,822.04 36,558,371.75
21,974,098.97 36,661,162.68
19,267,143.71 36,752,721.42
16,548,909.48 36,833,001.19
13,819,349.28 36,901,954.98
11,078,415.90 36,959,535.60
8,326,061.97 37,005,695.67
5,562,239.90 37,040,387.59
2,786,901.90 37,063,563.59
0 37,075,175.68
Investimento 198,000,000.00

ELEMENTOS Quantidade PU
Investimentos fixos corpóreo
Equipamentos USADOS

Equipamentos novos
Véiculos
Mitsubishi Canter Pick up Novo Okm 1.00 16,000,000.00
Mitsubishi Canter Frogorifico Novo Okm 1.00 22,000,000.00
Random -Semi Reboque Plataforma Carga 1.00 8,990,000.00
Renault trucks -Kerax440,34t64,cp,caixaau 1.00 31,600,000.00
Renault trucks-D16220r42,frigo,27M3 1.00 35,600,000.00
Subtotal-Véiculos
Máquinas e ustensílos
Gerador Perkins 100 kva 2.00 11,100,000.00
Subtotal máquinas e ustensílos
Manutenção excepcional- 1.00 1,007,113.66
Subtotal-Reabilitação 1.00 1,007,113.66
Matérial informatico
Pc Hp 280 MT PDC4400 4G 500G W10DG 3.00 144,900.00
HP officejet E-AIO7612DNW(15/8)A3 1.00 55,800.00
SUBTOTAL-Informático
Mobiliário
Cadeira executive Top preta 3.00 28,800.00
SUBTOTAL mobiliário
Subtotal-1
Investimento fixo incorpóreo
Encargos de constituição
Liçensas
Brevetos
Logiçiais
antivirus-logiçial-SW antivirus kaspersky 2 4.00 4,860.00
Logiçial-SW ms office casa e negóçios 2016 ptbox 4.00 63,000.00
Logicial administrativo PRIMAVERA conta 1.00 800,000.00
Investigação e desenvolvimento 1.00

Subtotal-2
Custos investimentos-A
Capital de giro
Capital de giro
Subtotal-3
TOTAL GERAL
Montante

16,000,000.00
22,000,000.00
8,990,000.00
31,600,000.00
35,600,000.00
114,190,000.00

22,200,000.00
22,200,000.00
1,007,113.66
1,007,113.66

434,700.00
55,800.00
490,500.00

86,400.00
86,400.00
137,974,013.66

0.00
0.00
0.00

19,440.00
252,000.00
800,000.00
2,970,000.00

4,041,440.00
142,015,453.66

55,984,546.34
55,984,546.34
198,000,000.00
Investimento
Taxa de crescimento das vendas 0.013 1.30%
Taxa de Imposto de consumo 0.05 5.00%
Taxa de retenção na fonte 0.065 6.50%

ELEMENTOS Referência Ano1 Ano2

Investimentos fixos corpóreo

Véiculos
Mitsubishi Canter Pick up Novo Okm 16,000,000.00 16,000,000.00 16,800,000.00
Mitsubishi Canter Frogorifico Novo Okm 22,000,000.00 22,000,000.00 23,100,000.00
Random -Semi Reboque Plataforma Carga 8,990,000.00 8,990,000.00 9,439,500.00
Renault trucks -Kerax440,34t64,cp,caixaau 31,600,000.00 31,600,000.00 33,180,000.00
Renault trucks-D16220r42,frigo,27M3 35,600,000.00 35,600,000.00 37,380,000.00
Subtotal-véiculos 114,190,000.00 ### ###
Máquinas e ustensílos
Gerador Perkins 100 kva 22,200,000.00 22,200,000.00 23,310,000.00
Subtotal máquinas e ustensílos 22,200,000.00 22,200,000.00 23,310,000.00
Manutenção excepcional- 1,007,113.66 1,007,113.66 1,057,469.34
Subtotal-Reabilitação 1,007,113.66 1,007,113.66 1,057,469.34
Matérial informatico
Pc Hp 280 MT PDC4400 4G 500G W10D 434,700.00 434,700.00 456,435.00
HP officejet E-AIO7612DNW(15/8)A3 55,800.00 55,800.00 58,590.00
SUBTOTAL-Informático 490,500.00 490,500.00 515,025.00
Mobiliário
Cadeira executive Top preta 86,400.00 86,400.00 90,720.00
SUBTOTAL mobiliário 86,400.00 86,400.00 90,720.00
Subtotal-1 137,974,013.66 ### ###
Investimento fixo incorpóreo
Liçencas 0.00 0.00 0.00
Brevetos 0.00 0.00 0.00
Patentes 0.00 0.00 0.00
antivirus-logiçial-SW antivirus kaspersky 19,440.00 0.00 0.00
Logiçial-SW ms office casa e negóçios 20 252,000.00
Logicial administrativo 800,000.00 0.00 0.00
Apoio industrial-estudos e projectos 2,970,000.00 0.00 0.00
SUBTOTAL -2 4,041,440.00 0.00 0.00

Custos investimentos-A 142,015,453.66

Capital giro
Capital de giro 55,984,546.34
Subtotal-3 55,984,546.34
TOTAL GERAL 198,000,000.00 ### ###
 Ano3 Ano4 Ano5 Ano6 Ano7

17,640,000.00 18,522,000.00 19,448,100.00 20,420,505.00 21,441,530.25

24,255,000.00 25,467,750.00 26,741,137.50 28,078,194.38 29,482,104.09
9,911,475.00 10,407,048.75 10,927,401.19 11,473,771.25 12,047,459.81
34,839,000.00 36,580,950.00 38,409,997.50 40,330,497.38 42,347,022.24
39,249,000.00 41,211,450.00 43,272,022.50 45,435,623.63 47,707,404.81
125,894,475.00 ### ### 145,738,591.62 153,025,521.20

24,475,500.00 25,699,275.00 26,984,238.75 28,333,450.69 29,750,123.22

24,475,500.00 25,699,275.00 26,984,238.75 28,333,450.69 29,750,123.22
1,110,342.81 1,165,859.95 1,224,152.95 1,285,360.60 1,349,628.63
1,110,342.81 1,165,859.95 1,224,152.95 1,285,360.60 1,349,628.63

479,256.75 503,219.59 528,380.57 554,799.60 582,539.57

61,519.50 64,595.48 67,825.25 71,216.51 74,777.34
540,776.25 567,815.06 596,205.82 626,016.11 657,316.91

95,256.00 100,018.80 105,019.74 110,270.73 115,784.26

95,256.00 100,018.80 105,019.74 110,270.73 115,784.26
152,116,350.06 ### ### 176,093,689.74 184,898,374.23

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 0.00

0.00 0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00

152,116,350.06 ### ### 176,093,689.74 184,898,374.23

 Imposto industrial 0.065
N° ELEMENTOS ANO1 ANO2 ANO3
A Volume de negóçio ### 109,376,986.94 110,798,887.77
B Custos operacionais 76,933,767.03 77,686,944.37 78,487,617.76
Acessórios 26,993,333.40 27,252,986.73 27,515,718.97
Despesas admin 1,450,000.00 1,450,000.00 1,450,000.00
Encargos com pessoal 5,483,600.00 5,977,124.00 6,515,065.16
Amort e reintegrações 43,006,833.63 43,006,833.63 43,006,833.63
Resultado operaçional 31,039,566.57 31,690,042.57 32,311,270.01
Encargos finançeiros 4,825,967.99 8,737,516.75 7,466,417.25
Resultado corrente 35,865,534.56 40,427,559.32 39,777,687.26
Resultado antes impostos 35,865,534.56 40,427,559.32 39,777,687.26
Imposto industrial 2,331,259.75 2,627,791.36 2,585,549.67
Resultado líquidos 33,534,274.81 37,799,767.96 37,192,137.58
 ANO4 ANO5 ANO6 ANO7
112,239,273.31 ### 115,176,462.85 116,673,756.87
79,299,302.97 51,496,134.27 40,417,944.96 41,410,213.01
27,741,048.31 27,968,876.72 28,199,235.28 28,432,155.48
1,450,000.00 1,450,000.00 1,450,000.00 1,450,000.00
7,101,421.02 7,740,548.92 8,437,198.32 9,196,546.17
43,006,833.63 14,336,708.63 2,331,511.37 2,331,511.37
32,939,970.34 62,202,249.59 74,758,517.89 75,263,543.86
6,130,285.85 4,725,795.47 3,249,448.71 1,697,569.22
39,070,256.19 66,928,045.06 78,007,966.60 76,961,113.08
39,070,256.19 66,928,045.06 78,007,966.60 76,961,113.08
2,539,566.65 4,350,322.93 5,070,517.83 5,002,472.35
36,530,689.54 62,577,722.13 72,937,448.77 71,958,640.73
 i 198,000,000.00
N Elementos an0 an1
Cash flow exploração
Resultado líquido 33,534,274.81
Amortizaçâo e reintegração 43,006,833.63
Capacidade autofinançiamento 76,541,108.44
Valor résidual
Reembolso empréstimo 11,965,116.00
Total cash flow exploração 64,575,992.44
Cash flow investimento
Capital fixo corpóreo 137,974,013.66
Capital fixo incorpóreo 4,041,440.00
Capital de giro 55,984,546.34
Total cash flows investimento 198,000,000.00
Total cash flow disponível Fluxo
net de tesourária-(Ftn) -198,000,000.00 64,575,992.44
Atualização cash flow-(Ftna) -198,000,000.00 57,657,136.11
Cumul Cash flow o fluxo net 64,575,992.44
Valor adquirido Cash flow 149,368,194.52
(A )o soma valores adquiridos 652,610,830.85
Soma cash flow atualizados 246,238,245.97
Cumul ftna 57,657,136.11
somaftn 369,079,590.95

Valor résidual actualizado 58,107,784.15

an0 an1
Valor actual líquido o valor actual
net (mede a vantagem absoluto
susceptível de ser retirada do
projecto)
Val>0 o investimento é rentável 48,238,245.97
(1+i)^(-7) 0.45
A(1+i)^(-7)
O " VANI" mede a vantagem 295,207,997.26
absoluto que procura o investimento O valor actual global o valor actual i
iniçial actual do valor adquirido dos cash fl
e reinvestimento dos cash flows a vantagem absoluto que procura o i
sendo supérior à zero açeitamos o cash flows. Então com uma VANI m
projecto-Valor actual net ausência de vantagem absoluto por
integrado>O 97,207,997.26 de cash flows eéa VANI >0 . O proj
(Indiçio de profitabilidade Global
medindo uma vantagem relativa
global é positiva IPG>0 e por o
O Indíçio
IPG>1 de profitabilidade
o investimento medindo
é rentável) 1.49
uma vantagem relativa por 1kwz
investido ,ele é
positiva IP>0 e seja IP>1 o
investimento é rentável) 1.24362750487969 Taxa rendimento
 MIRR
Lógicamente inférior à taxa interna de
rentabilidade ,ele é o indicador mais
realista avaliação de projecto é
muito significativo porque ele usa
um ordem de valores
afin de interpretar a ordem dos cash
flows 17% (1+i)
IRR
(taxa interna rentabilidade
Grande é superior a taxa de actualização
empresa entã
Taxao ointerna
projectode
é açeitado)
rentabilidade 20% (1+i)^(6)
GLOBAL é a taxa por o qual tem
uma equivalência entre o capital
investido e o valor adquirido dos cash
flows a taxa de réinvestimento
o rendimento
18.576%
Bénéfíçio médio anual 50,361,525.93 (1+i)^(5)
MPE Taxa de rendimento contabilidade 25.44% (1+i)^(4)
Numerado Prazo de récuperação de
capital investido 24,133,605.07 (1+i)^(3)
Dénominadaor Prazo 27,269,432.90 (1+i)^(2)
0.885005755781742 (1+i)^(1)

Nanos 4 4
Base de Prazo de recuperação
de capital investido 4.88500575578174
mêses após base 10.6200690693809 10 mêses
318.602072081427 Prazo em dias preciso
18.6020720814271 ndias
O Prazo de recuperação de capital inves
Prazo de récuperação de equilibro finançeiro da empresa mais ele
capital investido actualizado razão do risco occorido pela empresa ; v
anos e 10 mêses e 18 dias projecto consequentemente o projecto é
 an2 an3 an4 an5 an6 an7

37,799,767.96 37,192,137.58 36,530,689.54 62,577,722.13 72,937,448.77 71,958,640.73

43,006,833.63 43,006,833.63 43,006,833.63 14,336,708.63 2,331,511.37 2,331,511.37
80,806,601.60 80,198,971.22 79,537,523.17 76,914,430.77 75,268,960.14 74,290,152.09
6,972,934.10
24,844,651.22 26,115,750.75 27,451,882.09 28,856,372.49 30,332,719.27 31,884,598.75
55,961,950.38 54,083,220.47 52,085,641.08 48,058,058.28 44,936,240.87 49,378,487.44

55,961,950.38 54,083,220.47 52,085,641.08 48,058,058.28 44,936,240.87 49,378,487.44

44,612,524.22 38,495,368.07 33,101,366.53 27,269,432.90 22,766,098.09 22,336,320.05
120,537,942.82 174,621,163.29 226,706,804.37 274,764,862.65 319,701,103.51 369,079,590.95
112,559,471.12 94,591,890.62 79,215,749.38 63,556,782.07 103,940,255.70 49,378,487.44

102,269,660.33 140,765,028.39 173,866,394.93 201,135,827.83 223,901,925.92 246,238,245.97

an2 an3 an4 an5 an6 an7

Taxa actualização
r actual global o valor actual integrado(VANI) é à Diferença entre o valor
do valor adquirido dos cash flows e o montante dos investimentos .Ele mede
agem absoluto que procura o investimenti iniçial e o réinvestimento dos
ows. Então com uma VANI muito positiva isto significa que não tem uma
ia de vantagem absoluto por este investimento iniçial e seu reinvesimento
h flows eéa VANI >0 . O projecto é açeitado t 0.12

(1+i) 1.12

0.15 (1+i)^(-1) 0.89

 1.15 (1+i)^(-2) 0.80

2.31 (1+i)^(-3) 0.71

2.01 (1+i)^(-4) 0.64

1.75 (1+i)^(-5) 0.57

1.52 (1+i)^(-6) 0.51

1.32 (1+i)^(-7) 0.45
2.31

10.6
dias preciso

e recuperação de capital investido actualizado tem por objectivo de preservar o

inançeiro da empresa mais ele é curto mais o projecto é suposto intéressante a
isco occorido pela empresa ; vemos que o horizonte é inférior ao prazo do
consequentemente o projecto é rentável.
actualização

12.00% 15.00%
 i 198,000,000.00
N Elementos an0 an1 an2
Cash flow exploração
Resultado líquido 33,534,274.81 37,799,767.96
Amortizaçâo e reintegração 43,006,833.63 43,006,833.63
Capacidade autofinançiamento 76,541,108.44 80,806,601.60
Capacidade autofinançiamento
cumulado 76,541,108.44 157,347,710.04

Base 2
Numerador prazo 40,652,289.96 O Prazo de recuperação de cap
Denomidaor prazo 79,537,523.17 mêses e 3 dias e não 2 anos e c
0.511108321442275
Base de Prazo de
recuperação
capiatl investido 2.51110832144228
mêses preciso
Prazo de capital
apos base 6.1332998573073
investido
cálculado em N dias
preciso 183.998995719219
dias apos base
preciso 3.99899571921901
Prazo de recuperação
de capital investido 2 anos 6 mêses e 3 dias

Vemos que o Método contável é demasiad

 an3 an4 an5 an6 an7
Prazo de rcuperação de
capiatl investido
37,192,137.58 36,530,689.54 62,577,722.13 72,937,448.77 71,958,640.73
43,006,833.63 43,006,833.63 14,336,708.63 2,331,511.37 2,331,511.37 Elaborado em método contá
80,198,971.22 79,537,523.17 76,914,430.77 75,268,960.14 74,290,152.09 ele não é tanto preciso como
prazo de recuperação de cap
investido usado no quadro ca
237,546,681.26 317,084,204.43 393,998,635.20 469,267,595.33 ###
flow precedente.

O Prazo de recuperação de capiatl investido é bem de 2 anos 6

mêses e 3 dias e não 2 anos e cinco mêses aparente.

s que o Método contável é demasiado optimisto

 razo de rcuperação de
apiatl investido

Elaborado em método contável

le não é tanto preciso como o
razo de recuperação de capital
nvestido usado no quadro cash
low precedente.
i 198,000,000.00
Elementos an0 an1 an2
Cash flow exploração
Resultado líquido 33,534,274.81 ###
Amortizaçâo e reintegração 43,006,833.63 ###
Cash flow clássico 76,541,108.44 ###
Valor résidual
Total-Cash flow de
exploração
hipótese de fundo próprio 76,541,108.44 ###

Cash flow investimento

Capital fixo corpóreo 137,974,013.66
Capital fixo incorpóreo 4,041,440.00
Capital de giro 55,984,546.34
Total cash flows investimento 198,000,000.00
Fluxos net tesourária -198,000,000.00 76,541,108.44 ###
Fluxos net tesourária
actualizados-Fundo próprio -198,000,000.00 68,340,275.40 ###
Soma ftna 358,926,585.50
Valor actula líquido o val econ 160,926,585.50

VAN ajustada 209,164,831.46 A Van ajustada é o valor actual net que re

finançiamento mesmo em caso de finanç
fiannçiamento é subordonada à réalização
 an3 an4 an5 an6 an7

37,192,137.58 ### ### 72,937,448.77 71,958,640.73

43,006,833.63 ### ### 2,331,511.37 2,331,511.37
80,198,971.22 ### ### 75,268,960.14 74,290,152.09
6,972,934.10

80,198,971.22 ### ### 75,268,960.14 81,263,086.19

80,198,971.22 ### ### 75,268,960.14 81,263,086.19

57,084,043.61 ### ### 38,133,597.66 36,759,293.27

é o valor actual net que respeita à separação das décisões de investimento e de

mesmo em caso de finançiamento particular desde que à obtenção do
é subordonada à réalização do investimento prévisto.

t 0.12 12%
(1+i) 1.12
(1+i)^(-1) 0.89
(1+i)^(-2) 0.80
(1+i)^(-3) 0.71
(1+i)^(-4) 0.64
(1+i)^(-5) 0.57
(1+i)^(-6) 0.51
(1+i)^(-7) 0.45
 Imposto industrial 0.065

0 1 2
Custos finançeiros 4,825,967.990 8,737,516.750
menos Económia
Reembolsodedeimpostos 313,687.919 567,938.589
mais empréstímo
Empréstimo (linha 11,965,116.000 ###
crédito) 198,000,000.000
Fluxos net 198,000,000.000 16,477,396.071 ###
FTN actualizados 15,692,758.163 ###
Sftna 176,289,800.864
Valor actual net
custo net finançiamento
actualizado 21,710,199.136

O Projecto é interessante vamos logo que seu custo net de finançiamento

que é inférior ao valor absoluto susceptível de ser retirado do projecto o
valor actual líquido e representa só 45% do mesmo.
 3 4 5 6 7
7,466,417.250 6,130,285.850 4,725,795.470 3,249,448.710 1,697,569.220
485,317.121 398,468.580 307,176.706 211,214.166 110,341.999
### ### ### ### ###

### ### ### ### ### T

### ### ### ### ### (1+i)
(1+i)^(-1)

(1+i)^(-2)
(1+i)^(-3)
(1+i)^(-4)
(1+i)^(-5)
o net de finançiamento
r retirado do projecto o (1+i)^(-6)
o. (1+i)^(-7)

45.00619519 %
 0.05
1.05
0.952381

0.907029
0.863838
0.822702
0.783526
0.746215
0.710681