BALANCE GENERAL

EMPRESA XXXX
ARRANQUE O AÑO CERO

ACTIVOS
EFECTIVO Y EQUIVALENTES AL EFECTIVO 863,611,658
CUENTAS COMERCILES POR COBRAR Y OTRAS CUENTAS POR COBRAR 5,136,995,604
ACTIVOS POR IMPUESTOS 984,979,000
INVENTARIOS 650,310,000
OTROS ACTIVOS NO FINANCIEROS CORRIENTES 53,528,763
PROPIEDADES, PLANTA Y EUIPO 11,429,519,895
ACTIVOS POR IMPUESTOS DIFERIDOS 57,700,894

TOTAL ACTIVO 19,176,645,814

Año Contable 360

Amortizacion del Know How 3

INFORMACION ADICIONAL

ACTIVOS FIJOS
Concepto Cantidad
Modulos de trabajo (silla, mesa, archivador) 5
Archivador general 1
Equipos de computos 4
Dispositivos moviles o Palms 4
scaner
Fax
Telefonos 4
Planta
Infraestructura de red
Swith de 16
Cableado estructurado
Rack pequeño
Total Activos Fijos
Salario Mínimo 566,700
Auxilio de transporte 67,300

Concepto Patrono
Aportes Salud 8.50%
Aportes Pension 12.00%
Riesgos profesionales 1.04%
Parafiscales: 9%
Sena 3%
ICBF 2%
Caja de Compensación Familiar 4%
cesantias 8.3300%
prima 8.3300%
vacaciones 4.1700%
intereres de cesantias 1.0000%

MANO DE OBRA DIRECTA O PERSONAL DE PRODUCCION

Concepto Cantidad
Ingenieria de requierimiento 1
Soporte 2
Migracion de datos 1
Líder de Plataforma 1
Lider de desarrollo 1
Practicantes 1

PERSONAL DE ADMINISTRACION Y VENTAS

Administracion Cantidad
Gerente 1
Vigilancia Tecnológica 3
Comercial 1

POLITICAS

1. Las ventas proyectadas para el primer año son:

Concepto Unidades
8451 ESTIBA TIPO SODIMAC 64,000
8452 ESTIBA DE 114X97 CMS 64,000
8688 ESTIBA REPARACION 64,000

2. Las Mano de obra requerida para el desarrollo de los productos es:

MOD Cantidad
Ingenieria de requierimiento 1
Soporte 2
Migracion de datos 1
Líder de Plataforma 1
Lider de desarrollo 1
Practicantes 1

Con incremento anual según la Inflación

3. Políticas de inventarios:

Dias
Producto en proceso 15
Producto terminado 8

4. Costos Indirectos de Fabricación CIF:

Honorarios -
Impuestos -
Arrendamiento 9,500,000
Seguros 1,200,000
Servicios públicos 4,000,000
Mantenimiento 1,200,000
Elementos de aseo y cafeteria 1,500,000
Utiles y Papeleria 1,200,000
Publicidad y Mercadeo 10,000,000
Imprevistos 5,000,000
TOTAL COSTOS 33,600,000

Concepto Valor Anual

Utiles y papeleria 1,800,000.00

Crecen anualmente inflacion

5.GASTOS DE ADMINISTRACIÓN Y VENTAS:

Gastos Administrativos
Honorarios 4,000,000
Licencia de flash -
Papeleria y publicidad (Artes) 7,000,000
Arrendamiento 9,500,000
Servicios públicos 4,000,000
Elementos de aseo y cafeteria 1,200,000
Utiles y papelería 1,200,000
Publicidad y Mercadeo 12,000,000
TOTAL GASTOS 38,900,000

El incremento anual es de la Inflacion

6. POLÍTICA DE VENTAS

8451 ESTIBA TIPO SODIMAC

Credito 50%
Contado 50%
Provision deudas malas 3%

8452 ESTIBA DE 114X97 CMS

Credito 50%
Contado 50%
Provision deudas malas 3%

8688 ESTIBA REPARACION

Credito 50%
Contado 50%
Provision deudas malas 3%

0
Credito 0%
Contado 0%
Provision deudas malas 0%

7. POLÍTICA DE SERVICIOS EXTERNOS

Diseño 12,000,000
Calidad 18,000,000
Cartografía 14,000,000
Posicionamiento de producto 15,000,000
TOTAL 59,000,000

Credito 50%
Contado 50%
COMISIONES
Humanet 0%
Cuartavista 0%
Gerencia de Proyectos 0%

8.POLÍTICA DE ASIGNACIÓN DE PRECIOS UNITARIO

8451 ESTIBA TIPO SODIMAC 14,439

8452 ESTIBA DE 114X97 CMS 14,439
8688 ESTIBA REPARACION 10,190

9. IVA

Ventas 16%
Compras 16%

10. INFLACIÓN ANUAL 3.17%

3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%
3.50%

11. POLITICA DE REPARTICION DE DIVIDENDOS

Dividendos 40%
Utilidad retenidas 50%
Reserva legal 10%

12.OTROS

Impuesto de Renta 33%

Polizas 7%
L

RO

PASIVOS
OTROS PASIVOS FINANCIEROS 779,956,653
CUENTAS COMERCIALES POR PAGA 6,444,608,646
PASIVOS POR IMPUESTOS 108,552,160
BENEFICIOS DE EMPLEADOS POR 306,959,254
OTROS PASIVOS NO FINANCIEROS 4,602,550
OTROS PASIVOS FINANCIEROS 4,270,497,787
CUENTAS COMERCIALES POR PAGA 72,627,972
PASIVO POR IMPUESTO DIFERIDO 502,597,266
TOTAL PASIVO 12,490,402,288
CAPITAL EMITIDO 300,000,000
OTRAS RESERVAS 1,968,478,441
GANANCIAS PERDIDAS ACOMULAD 4,417,765,085

TOTAL PATRIMONIO 6,686,243,526

PASIVO MAS PATRIMONIO 19,176,645,814

días
años

NAL

Valor
2,400,000
400,000
8,000,000
2,000,000
-
-
320,000
-
-
-
-
-
13,120,000
Empleado Total
4.00% 12.50%
4.00% 16.00%
1.04%

3.00%
2.00%
4.00%
8.33%
8.33%
4.17%
1.00%

Salud Pension

Subsidio de Total Emplead Emplead

Basico Transporte Devengado Patrono o Patrono o
1,550,000 - 1,550,000 131,750 62,000 186,000 62,000
1,550,000 - 1,550,000 131,750 62,000 186,000 62,000
1,550,000 - 1,550,000 131,750 62,000 186,000 62,000
1,550,000 - 1,550,000 131,750 62,000 186,000 62,000
1,550,000 - 1,550,000 131,750 62,000 186,000 62,000
566,700 566,700

Salud Pension

Subsidio de Total Emplead Emplead

Basico Transporte Devengado Patrono o Patrono o
2,450,000 - 2,450,000 208,250 98,000 294,000 98,000
800,000 67,300 867,300 68,000 32,000 96,000 32,000
1,550,000 - 1,550,000 131,750 62,000 186,000 62,000

Año 1 2019
 15% -2%
15% -2%
15% -2%

Salario Base Costo Nomina Anual

1,550,000 28,340,820
1,550,000 56,681,640
1,550,000 28,340,820
1,550,000 28,340,820
1,550,000 28,340,820
566,700 6,800,400

Costo Gasto
30% 70%
DIAS
45

DIAS
45

DIAS
45

DIAS
0

DIAS
45
2,012
2,013
2,014
2,015
2,016
2,017
2,018
2,019
2,020
2,021
 Parafiscales PRESTACIONES SOCIALES

Total recibido Caja Total

empleado ICBF SENA Compensacion Parafiscales PRIMA CESANT. VACAC.
1,426,000 31,000 46,500 62,000 139,500 129,115 129,115 64,635
1,426,000 31,000 46,500 62,000 139,500 129,115 129,115 64,635
1,426,000 31,000 46,500 62,000 139,500 129,115 129,115 64,635
1,426,000 31,000 46,500 62,000 139,500 129,115 129,115 64,635
1,426,000 31,000 46,500 62,000 139,500 129,115 129,115 64,635

Parafiscales PRESTACIONES SOCIALES

Total recibido Caja Total

empleado ICBF SENA Compensacion Parafiscales PRIMA CESANT. VACAC.
2,254,000 49,000 73,500 98,000 220,500 204,085 204,085 102,165
803,300 16,000 24,000 32,000 72,000 72,246 66,640 33,360
1,426,000 31,000 46,500 62,000 139,500 129,115 129,115 64,635
ACIONES SOCIALES

INT. Nomina Mensual Total Nomina Total Nomina

CESAN ARP Unitaria Mensual Anual
15,500 16,120 2,361,735 2,361,735 28,340,820
15,500 16,120 2,361,735 4,723,470 56,681,640
15,500 16,120 2,361,735 2,361,735 28,340,820
15,500 16,120 2,361,735 2,361,735 28,340,820
15,500 16,120 2,361,735 2,361,735 28,340,820
566,700 566,700 6,800,400
176,845,320

ACIONES SOCIALES

INT. Nomina Mensual Total Nomina Total Nomina

CESAN ARP Unitaria Mensual Anual
24,500 25,480 3,733,065 3,733,065 44,796,780
8,000 8,320 1,291,866 3,875,598 46,507,179
15,500 16,120 2,361,735 2,361,735 28,340,820
 PROYECCION

1. PROYECCION DE VENTAS EN UNIDADES

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
8451 ESTIBA TIPO SODIMAC 64,000 73600 84640 97336 111936 109698 107504 105354 103247 101182
8452 ESTIBA DE 114X97 CMS 64,000 73600 84640 97336 111936 109698 107504 105354 103247 101182
8688 ESTIBA REPARACION 64,000 64000 64000 64000 64000 64000 64000 64000 64000 64000
0 - - - - - - - - - -

2. PROYECCIÓN CONSUMO DE MANO DE OBRA

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Crecimiento 4.50% 4.20% 4.10% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
Ingenieria de requierimiento - 29,332,748.70 30,564,724.15 31,817,877.84 66,181,185.90 137,656,866.67 286,326,282.67 1,191,117,335.90 4,955,048,117.32 20,613,000,168.07 85,750,080,699.18
Soporte - 58,665,497.40 61,129,448.29 63,635,755.67 68,726,616.12 74,224,745.41 80,162,725.05 173,151,486.10 374,007,209.98 807,855,573.56 1,744,968,038.89
Migracion de datos - 29,332,748.70 30,564,724.15 31,817,877.84 34,363,308.06 37,112,372.71 40,081,362.52 86,575,743.05 187,003,604.99 403,927,786.78 872,484,019.44
Líder de Plataforma - 29,332,748.70 30,564,724.15 31,817,877.84 34,363,308.06 37,112,372.71 40,081,362.52 86,575,743.05 187,003,604.99 403,927,786.78 872,484,019.44
Lider de desarrollo - 29,332,748.70 30,564,724.15 31,817,877.84 34,363,308.06 37,112,372.71 40,081,362.52 86,575,743.05 187,003,604.99 403,927,786.78 872,484,019.44
Practicantes - 7,038,414.00 7,334,027.39 7,634,722.51 8,245,500.31 8,905,140.34 9,617,551.56 20,773,911.38 44,871,648.58 96,922,760.92 209,353,163.59
TOTAL - 183,034,906.20 190,722,372.26 198,541,989.52 246,243,226.52 332,123,870.54 496,350,646.85 1,644,769,962.53 5,934,937,790.85 22,729,561,862.89 90,321,853,960.00

3. PROYECCIÓN DE ASIGNACION DE MANO DE OBRA TOTAL POR PRODUCTO

CONCEPTO Asignacion 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
8451 ESTIBA TIPO SODIMAC 30% 54,910,471.86 57,216,711.68 59,562,596.86 73,872,967.96 99,637,161.16 148,905,194.05 493,430,988.76 1,780,481,337.26 6,818,868,558.87
8452 ESTIBA DE 114X97 CMS 30% 54,910,471.86 57,216,711.68 59,562,596.86 73,872,967.96 99,637,161.16 148,905,194.05 493,430,988.76 1,780,481,337.26 6,818,868,558.87
8688 ESTIBA REPARACION 40% 73,213,962.48 76,288,948.90 79,416,795.81 98,497,290.61 132,849,548.22 198,540,258.74 657,907,985.01 2,373,975,116.34 9,091,824,745.16
- 0% - - - - - - - - -
TOTAL 100% 183,034,906.20 190,722,372.26 198,541,989.52 246,243,226.52 332,123,870.54 496,350,646.85 1,644,769,962.53 5,934,937,790.85 22,729,561,862.89

4. PROYECCIÓN DEPRECIACIÓN:

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
MUEBLES Y ENSERES 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EQUIPO DE COMPUTO 0 0.00 0.00 0.00 0.00
TOTAL DEPRECIACIÓN AÑO 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DEPRECIACIÓN ACUMULADA 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

5. PROYECCIÓN CONSUMO DE CIF:

CONCEPTO 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Incremento 5.00% 4.50% 4.20% 4.10% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4%
- - - - - - - - - - -
Honorarios - - - - - - - - - - -
Impuestos - - - - - - - - - - -
Arrendamiento 9,500,000 9,927,500.00 10,344,455.00 10,768,577.66 11,199,320.76 11,647,293.59 12,113,185.34 12,597,712.75 13,101,621.26 13,625,686.11 14,170,713.55
Seguros 1,200,000 1,254,000.00 1,306,668.00 1,360,241.39 1,414,651.04 1,471,237.09 1,530,086.57 1,591,290.03 1,654,941.63 1,721,139.30 1,789,984.87
Servicios públicos 4,000,000 4,180,000.00 4,355,560.00 4,534,137.96 4,715,503.48 4,904,123.62 5,100,288.56 5,304,300.10 5,516,472.11 5,737,130.99 5,966,616.23
Mantenimiento 1,200,000 1,254,000.00 1,306,668.00 1,360,241.39 1,414,651.04 1,471,237.09 1,530,086.57 1,591,290.03 1,654,941.63 1,721,139.30 1,789,984.87
Elementos de aseo y cafeteria 1,500,000 1,567,500.00 1,633,335.00 1,700,301.74 1,768,313.80 1,839,046.36 1,912,608.21 1,989,112.54 2,068,677.04 2,151,424.12 2,237,481.09
Utiles y Papeleria 1,200,000 1,254,000.00 1,306,668.00 1,360,241.39 1,414,651.04 1,471,237.09 1,530,086.57 1,591,290.03 1,654,941.63 1,721,139.30 1,789,984.87
Publicidad y Mercadeo 10,000,000 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00 10,000,000.00
Imprevistos 5,000,000 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00 5,000,000.00
TOTAL CIF 33,600,000.00 19,437,000.00 20,253,354.00 21,083,741.51 21,927,091.17 22,804,174.82 23,716,341.81 24,664,995.49 25,651,595.31 26,677,659.12 27,744,765.48
DEPRECIACION - - - - - - - - - - -
TOTAL CONSUMO CIF 33,600,000.00 19,437,000.00 20,253,354.00 21,083,741.51 21,927,091.17 22,804,174.82 23,716,341.81 24,664,995.49 25,651,595.31 26,677,659.12 27,744,765.48

6. ASIGNACION DE LOS CIF SEGÚN EL PRODUCTO

CONCEPTO Asignacion 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
8451 ESTIBA TIPO SODIMAC 25% 8,400,000.00 4,859,250.00 5,063,338.50 5,270,935.38 5,481,772.79 5,701,043.71 5,929,085.45 6,166,248.87 6,412,898.83 6,669,414.78
8452 ESTIBA DE 114X97 CMS 25% 8,400,000.00 4,859,250.00 5,063,338.50 5,270,935.38 5,481,772.79 5,701,043.71 5,929,085.45 6,166,248.87 6,412,898.83 6,669,414.78
8688 ESTIBA REPARACION 25% 8,400,000.00 4,859,250.00 5,063,338.50 5,270,935.38 5,481,772.79 5,701,043.71 5,929,085.45 6,166,248.87 6,412,898.83 6,669,414.78
- 25% 8,400,000.00 4,859,250.00 5,063,338.50 5,270,935.38 5,481,772.79 5,701,043.71 5,929,085.45 6,166,248.87 6,412,898.83 6,669,414.78
TOTAL 100% 33,600,000.00 19,437,000.00 20,253,354.00 21,083,741.51 21,927,091.17 22,804,174.82 23,716,341.81 24,664,995.49 25,651,595.31 26,677,659.12

7. PROYECCIÓN COSTO UNITARIO

8451 ESTIBA TIPO SODIMAC

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
SERVICIO EXTERNO - - - - - - - - - - -
MANO DE OBRA - 858 777 704 759 890 1,357 4,590 16,900 66,045 267,801
CIF - 76 69 62 56 51 54 57 61 65 69
TOTAL COSTO Geolumina - 934 846 766 815 941 1,411 4,647 16,961 66,109 267,870
8452 ESTIBA DE 114X97 CMS
CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
SERVICIO EXTERNO 0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
MANO DE OBRA 0 858 777 704 759 890 1,357 4,590 16,900 66,045 267,801
CIF 0 76 69 62 56 51 54 57 61 65 69
TOTAL COSTO UNITARIO Geomarketing 0 933.90 846.20 765.99 815.27 941.05 1,411.46 4,647.26 16,960.92 66,109.10 267,869.67

8688 ESTIBA REPARACION

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
SERVICIO EXTERNO 0.00 294 306 319 332 345 359 373 388 403 420
MANO DE OBRA 0.00 1,144 1,192 1,241 1,539 2,076 3,102 10,280 37,093 142,060 564,512
CIF 0.00 131 76 79 82 86 89 93 96 100 104
TOTAL COSTO UNITARIO Desarrollo a la Medida 0.00 1,569.12 1,574.19 1,638.81 1,952.94 2,506.25 3,549.88 10,745.41 37,577.59 142,563.36 565,035.32

8. PROYECCION DEL PRECIO DE VENTA UNITARIO

8451 ESTIBA TIPO SODIMAC

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Incremento 4.50% 4.20% 4.10% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
MARGEN DE UTILIDAD 100% 94% 95% 95% 95% 95% 92% 76% 15% -219% -1144%
COSTO UNITARIO DE PRODUCCION - 934 846 766 815 941 1,411 4,647 16,961 66,109 267,870
PRECIO DE VENTA Geolumina 14,439 15,089 15,722 16,367 17,022 17,703 18,411 19,147 19,913 20,710 21,538

8452 ESTIBA DE 114X97 CMS

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
MARGEN DE UTILIDAD 100% 94% 95% 95% 95% 95% 92% 76% 15% -219% -1144%
COSTO UNITARIO DE PRODUCCION - 934 846 766 815 941 1,411 4,647 16,961 66,109 267,870
PRECIO DE VENTA Geomarketing 14,439 15,089 15,722 16,367 17,022 17,703 18,411 19,147 19,913 20,710 21,538

8688 ESTIBA REPARACION

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
MARGEN DE UTILIDAD 80% 85% 86% 86% 84% 80% 73% 20% -167% -875% -3617%
COSTO UNITARIO DE PRODUCCION - 1,569 1,574 1,639 1,953 2,506 3,550 10,745 37,578 142,563 565,035
PRECIO DE VENTA Desarrollo a la medida 10,190 10,649 11,096 11,551 12,013 12,493 12,993 13,513 14,053 14,615 15,200

-
CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
MARGEN DE UTILIDAD #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
COSTO UNITARIO DE PRODUCCION - #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!
PRECIO DE VENTA Plataforma - - - - - - - - - - -

9. PROYECCION DE VENTAS TOTALES EN PESOS

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
8451 ESTIBA TIPO SODIMAC - 965,680,320 1,157,174,727 1,385,311,725 1,656,832,823 1,981,572,056 2,019,618,240 2,058,394,910 2,097,916,092 2,138,196,081 2,179,249,446
CONTADO 482,840,160 578,587,364 692,655,862 828,416,412 990,786,028 1,009,809,120 1,029,197,455 1,048,958,046 1,069,098,041 1,089,624,723
CRÉDITO 482,840,160 578,587,364 692,655,862 828,416,412 990,786,028 1,009,809,120 1,029,197,455 1,048,958,046 1,069,098,041 1,089,624,723
RECAUDO MISMO AÑO 422,485,140 506,263,943 606,073,880 724,864,360 866,937,775 883,582,980 900,547,773 917,838,290 935,460,786 953,421,633
RECAUDO AÑO SIGUIENTE 60,355,020 72,323,420 86,581,983 103,552,051 123,848,254 126,226,140 128,649,682 131,119,756 133,637,255 136,203,090
8452 ESTIBA DE 114X97 CMS - 965,680,320 1,157,174,727 1,385,311,725 1,656,832,823 1,981,572,056 2,019,618,240 2,058,394,910 2,097,916,092 2,138,196,081 2,179,249,446
CONTADO 482,840,160 578,587,364 692,655,862 828,416,412 990,786,028 1,009,809,120 1,029,197,455 1,048,958,046 1,069,098,041 1,089,624,723
CRÉDITO 482,840,160 578,587,364 692,655,862 828,416,412 990,786,028 1,009,809,120 1,029,197,455 1,048,958,046 1,069,098,041 1,089,624,723
RECAUDO MISMO AÑO 422,485,140 506,263,943 606,073,880 724,864,360 866,937,775 883,582,980 900,547,773 917,838,290 935,460,786 953,421,633
RECAUDO AÑO SIGUIENTE 60,355,020 72,323,420 86,581,983 103,552,051 123,848,254 126,226,140 128,649,682 131,119,756 133,637,255 136,203,090
8688 ESTIBA REPARACION - 681,507,200 710,130,502 739,245,853 768,815,687 799,568,315 831,551,047 864,813,089 899,405,613 935,381,837 972,797,111
CONTADO 340,753,600 355,065,251 369,622,926 384,407,844 399,784,157 415,775,524 432,406,545 449,702,806 467,690,919 486,398,555
CRÉDITO 340,753,600 355,065,251 369,622,926 384,407,844 399,784,157 415,775,524 432,406,545 449,702,806 467,690,919 486,398,555
RECAUDO MISMO AÑO 298,159,400 310,682,095 323,420,061 336,356,863 349,811,138 363,803,583 378,355,726 393,489,956 409,229,554 425,598,736
RECAUDO AÑO SIGUIENTE 42,594,200 44,383,156 46,202,866 48,050,980 49,973,020 51,971,940 54,050,818 56,212,851 58,461,365 60,799,819
0 - - - - - - - - - - -
CONTADO - - - - - - - - - -
CRÉDITO - - - - - - - - - -
RECAUDO MISMO AÑO - - - - - - - - - -
RECAUDO AÑO SIGUIENTE - - - - - - - - - -
VENTAS TOTALES EN PESOS - 2,612,867,840 3,024,479,957 3,509,869,303 4,082,481,333 4,762,712,427 4,870,787,527 4,981,602,909 5,095,237,797 5,211,774,000 5,331,296,003
Dólar 1,890 1,382,470 1,600,254 1,857,074 2,160,043 2,519,954 2,577,136 2,635,769 2,695,893 2,757,552 2,820,792

10. PROYECCION RECAUDO DE CARTERA

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
VENTAS TOTALES EN PESOS 0 2,612,867,840 3,024,479,957 3,509,869,303 4,082,481,333 4,762,712,427 4,870,787,527 4,981,602,909 5,095,237,797 5,211,774,000 5,331,296,003
CONTADO 0 1,306,433,920 1,512,239,979 1,754,934,651 2,041,240,667 2,381,356,214 2,435,393,763 2,490,801,455 2,547,618,899 2,605,887,000 2,665,648,001
CRÉDITO 0 1,306,433,920 1,512,239,979 1,754,934,651 2,041,240,667 2,381,356,214 2,435,393,763 2,490,801,455 2,547,618,899 2,605,887,000 2,665,648,001
RECAUDO MISMO AÑO 0 1,143,129,680 1,323,209,981 1,535,567,820 1,786,085,583 2,083,686,687 2,130,969,543 2,179,451,273 2,229,166,536 2,280,151,125 2,332,442,001
RECAUDO AÑO SIGUIENTE 0 163,304,240 189,029,997 219,366,831 255,155,083 297,669,527 304,424,220 311,350,182 318,452,362 325,735,875 333,206,000
PROVISIÓN DEUDAS MALAS 0 39,193,018 45,367,199 52,648,040 61,237,220 71,440,686 73,061,813 74,724,044 76,428,567 78,176,610 79,969,440
 11. PROYECCION DEL IVA

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
IVA POR VENTAS 0 418,058,854 483,916,793 561,579,088 653,197,013 762,033,988 779,326,004 797,056,465 815,238,048 833,883,840 853,007,360
- IVA POR COMPRAS 0 0 0 0 0 0 0 0 0 0 0
= IVA POR PAGAR 0 418,058,854 483,916,793 561,579,088 653,197,013 762,033,988 779,326,004 797,056,465 815,238,048 833,883,840 853,007,360
IVA PAGADO MISMO AÑO (5/6) 0 348,382,379 403,263,994 467,982,574 544,330,844 635,028,324 649,438,337 664,213,721 679,365,040 694,903,200 710,839,467
IVA A PAGAR AÑO SGTE. (1/6) 0 69,676,476 80,652,799 93,596,515 108,866,169 127,005,665 129,887,667 132,842,744 135,873,008 138,980,640 142,167,893

12. PROYECCION DE AMORTIZACION DE LA DEUDA

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
SALDO INICIAL 0 779,956,653 623,965,322 467,973,992 311,982,661 155,991,331
PAGO INTERESES 0 194,989,163 155,991,331 116,993,498 77,995,665 38,997,833
AMORTIZACIÓN A CAPITAL 0 155,991,331 155,991,331 155,991,331 155,991,331 155,991,331
SALDO FINAL INSOLUTO 0 623,965,322 467,973,992 311,982,661 155,991,331 0

13. PROYECCION DE PAGO DE SERVICIO EXTERNOS

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Diseño 12,540,000.00 13,066,680.00 13,602,413.88 14,146,510.44 14,712,370.85 15,300,865.69 15,912,900.31 16,549,416.33 17,211,392.98 17,899,848.70
Calidad 18,810,000.00 19,600,020.00 20,403,620.82 21,219,765.65 22,068,556.28 22,951,298.53 23,869,350.47 24,824,124.49 25,817,089.47 26,849,773.05
Cartografía 14,630,000.00 15,244,460.00 15,869,482.86 16,504,262.17 17,164,432.66 17,851,009.97 18,565,050.37 19,307,652.38 20,079,958.48 20,883,156.82
Posicionamiento de producto 15,675,000.00 16,333,350.00 17,003,017.35 17,683,138.04 18,390,463.57 19,126,082.11 19,891,125.39 20,686,770.41 21,514,241.22 22,374,810.87
CONSUMO DE SERVICIOS EXTERNOS 61,655,000.00 64,244,510.00 66,878,534.91 69,553,676.31 72,335,823.36 75,229,256.29 78,238,426.54 81,367,963.61 84,622,682.15 88,007,589.44
CONTADO 30,827,500.00 32,122,255.00 33,439,267.46 34,776,838.15 36,167,911.68 37,614,628.15 39,119,213.27 40,683,981.80 42,311,341.08 44,003,794.72
CRÉDITO 30,827,500.00 32,122,255.00 33,439,267.46 34,776,838.15 36,167,911.68 37,614,628.15 39,119,213.27 40,683,981.80 42,311,341.08 44,003,794.72
PAGO MISMO AÑO 26,974,063 28,106,973 29,259,359 30,429,733 31,646,923 32,912,800 34,229,312 35,598,484 37,022,423 38,503,320
PAGO AÑO SIGUIENTE 3,853,437.50 4,015,281.88 4,179,908.43 4,347,104.77 4,520,988.96 4,701,828.52 4,889,901.66 5,085,497.73 5,288,917.63 5,500,474.34

14. PROYECCION COSTOS TOTALES DE PRODUCCION

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
Incremento 4.50% 4.20% 4.10% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
CONSUMO SERVICIOS EXTERNOS 0 61,655,000 64,244,510 66,878,535 69,553,676 72,335,823 75,229,256 78,238,427 81,367,964 84,622,682 88,007,589
+ CONSUMO MO 0 183,034,906 190,722,372 198,541,990 246,243,227 332,123,871 496,350,647 1,644,769,963 5,934,937,791 22,729,561,863 90,321,853,960
+ CONSUMO CIF 0 19,437,000 20,253,354 21,083,742 21,927,091 22,804,175 23,716,342 24,664,995 25,651,595 26,677,659 27,744,765
= COSTO DE PRODUCCIÓN 0 264,126,906 275,220,236 286,504,266 337,723,994 427,263,869 595,296,245 1,747,673,385 6,041,957,350 22,840,862,204 90,437,606,315
+ II PEP 0 0 0 0 0 0 0 0 0 0 0
- IF PEP 0 0 0 0 0 0 0 0 0 0 0
= COSTO DE MANUFACTURA 0 264,126,906 275,220,236 286,504,266 337,723,994 427,263,869 595,296,245 1,747,673,385 6,041,957,350 22,840,862,204 90,437,606,315
+ II PT 0 0 0 0 0 0 0 0 0 0 0
- IF PT 0 0 0 0 0 0 0 0 0 0 0
= COSTO SERVICIOS VENDIDOS 0 264,126,906 275,220,236 286,504,266 337,723,994 427,263,869 595,296,245 1,747,673,385 6,041,957,350 22,840,862,204 90,437,606,315

15. PROYECCION GASTO DE POLIZAS

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
POLIZAS DE CONTRATACION 0 182,900,749 211,713,597 245,690,851 285,773,693 333,389,870 340,955,127 348,712,204 356,666,646 364,824,180 373,190,720

17. PROYECCION GASTOS DE ADMINISTRACION Y VENTAS

CONCEPTO 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
INCREMENTO SEGÚN INFLACION 4.50% 4.20% 4.10% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00% 4.00%
NOMINA DE ADMINISTRACION 119,644,779 125,028,794 130,280,004 135,621,484 141,046,343 146,688,197 152,555,725 158,657,954 165,004,272 171,604,443 178,468,621
GASTOS DE ADMÓN. Y VENTAS 38,900,000 40,650,500 42,357,821 44,094,492 45,858,271 47,692,602 49,600,306 51,584,319 53,647,691 55,793,599 58,025,343
TOTAL 158,544,779 165,679,294 172,637,825 179,715,975 186,904,614 194,380,799 202,156,031 210,242,272 218,651,963 227,398,042 236,493,963

18. PROYECCION ESTADO DE RESULTADOS

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
VENTAS 0 2,612,867,840 3,024,479,957 3,509,869,303 4,082,481,333 4,762,712,427 4,870,787,527 4,981,602,909 5,095,237,797 5,211,774,000 5,331,296,003
- AMORTIZACION KNOW HOW 0 61,011,635 124,585,759 190,766,423 272,847,498 383,555,455 549,005,671 1,097,262,325 3,075,574,922 10,652,095,543 40,759,380,196
= UTILIDAD BRUTA 0 2,551,856,205 2,899,894,198 3,319,102,880 3,809,633,835 4,379,156,972 4,321,781,856 3,884,340,584 2,019,662,876 -5,440,321,543 -35,428,084,193
- GASTOS CIF 0 19,437,000 20,253,354 21,083,742 21,927,091 22,804,175 23,716,342 24,664,995 25,651,595 26,677,659 27,744,765
- GASTOS ADMÓN. Y VENTAS 0 165,679,294 172,637,825 179,715,975 186,904,614 194,380,799 202,156,031 210,242,272 218,651,963 227,398,042 236,493,963
- GASTOS DE VENTA COMISIONES 0 0 0 0 0 0 0 0 0 0 0
- GASTO PROVISIÓN DEUDAS MALAS 0 39,193,018 6,174,182 7,280,840 8,589,180 10,203,466 1,621,126 1,662,231 1,704,523 1,748,043 1,792,830
- DEPRECIACION 0 0 0 0 0 0 0 0 0 0 0
UTILIDAD ANTES DE INTERESES E IMPUESTOS - UAII 0 2,327,546,893 2,700,828,837 3,111,022,323 3,592,212,949 4,151,768,532 4,094,288,357 3,647,771,086 1,773,654,794 -5,696,145,287 -35,694,115,752
- GASTOS FINANCIEROS 0 194,989,163 155,991,331 116,993,498 77,995,665 38,997,833 0 0 0 0 0
UTILIDAD ANTES DE IMPUESTOS - UAI 0 2,132,557,729 2,544,837,507 2,994,028,825 3,514,217,284 4,112,770,699 4,094,288,357 3,647,771,086 1,773,654,794 -5,696,145,287 -35,694,115,752
- IMPUESTO DE RENTA 0 703,744,051 839,796,377 988,029,512 1,159,691,704 1,357,214,331 1,351,115,158 1,203,764,458 585,306,082 0 0
UTILIDAD NETA - UN 0 1,428,813,679 1,705,041,130 2,005,999,313 2,354,525,580 2,755,556,369 2,743,173,199 2,444,006,628 1,188,348,712 -5,696,145,287 -35,694,115,752
 22. PROYECCION DISTRIBUCION DE UTILIDADES

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
RESERVA LEGAL 0 142,881,368 170,504,113 200,599,931 235,452,558 275,555,637 274,317,320 244,400,663 118,834,871 -569,614,529 -3,569,411,575
DIVIDENDOS 0 571,525,471 682,016,452 802,399,725 941,810,232 1,102,222,547 1,097,269,280 977,602,651 475,339,485 -2,278,458,115 -14,277,646,301
UTILIDAD RETENIDA 0 714,406,839 852,520,565 1,002,999,656 1,177,262,790 1,377,778,184 1,371,586,600 1,222,003,314 594,174,356 -2,848,072,643 -17,847,057,876

23. PROYECCION DEL FLUJO DE CAJA

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
INGRESOS
VENTAS DE CONTADO 0 1,306,433,920 1,512,239,979 1,754,934,651 2,041,240,667 2,381,356,214 2,435,393,763 2,490,801,455 2,547,618,899 2,605,887,000 2,665,648,001
RECAUDO VENTAS MISMO AÑO 0 1,143,129,680 1,323,209,981 1,535,567,820 1,786,085,583 2,083,686,687 2,130,969,543 2,179,451,273 2,229,166,536 2,280,151,125 2,332,442,001
RECAUDO VENTAS AÑO SIGUIENTE 0 0 163,304,240 189,029,997 219,366,831 255,155,083 297,669,527 304,424,220 311,350,182 318,452,362 325,735,875
IVA POR VENTAS 0 418,058,854 483,916,793 561,579,088 653,197,013 762,033,988 779,326,004 797,056,465 815,238,048 833,883,840 853,007,360
TOTAL INGRESOS DEL AÑO 0 2,867,622,454 3,482,670,993 4,041,111,557 4,699,890,095 5,482,231,972 5,643,358,838 5,771,733,413 5,903,373,664 6,038,374,327 6,176,833,238
EGRESOS
INTANGIBLE 0 183,034,906 190,722,372 198,541,990 246,243,227 332,123,871 496,350,647 1,644,769,963 5,934,937,791 22,729,561,863 90,321,853,960
PAGO MP DE CONTADO 0 0 0 0 0 0 0 0 0 0 0
PAGO MP MISMO AÑO 0 0 0 0 0 0 0 0 0 0 0
PAGO MP AÑO SIGUIENTE 0 0 0 0 0 0 0 0 0 0 0
CIF 0 19,437,000 20,253,354 21,083,742 21,927,091 22,804,175 23,716,342 24,664,995 25,651,595 26,677,659 27,744,765
IVA POR COMPRAS 0 0 0 0 0 0 0 0 0 0
PAGO IVA MISMO AÑO 0 348,382,379 403,263,994 467,982,574 544,330,844 635,028,324 649,438,337 664,213,721 679,365,040 694,903,200 710,839,467
PAGO IVA AÑO SIGUIENTE 0 0 69,676,476 80,652,799 93,596,515 108,866,169 127,005,665 129,887,667 132,842,744 135,873,008 138,980,640
PAGO INTERESES 0 194,989,163 155,991,331 116,993,498 77,995,665 38,997,833 0 0 0 0 0
AMORTIZACIÓN CAPITAL 0 155,991,331 155,991,331 155,991,331 155,991,331 155,991,331 0 0 0 0 0
GASTOS DE ADMÓN. Y VENTAS 0 165,679,294 172,637,825 179,715,975 186,904,614 194,380,799 202,156,031 210,242,272 218,651,963 227,398,042 236,493,963
GASTOS DE VENTAS COMISIONES 0 0 0 0 0 0 0 0 0 0 0
IMPUESTO DE RENTA 0 0 703,744,051 839,796,377 988,029,512 1,159,691,704 1,357,214,331 1,351,115,158 1,203,764,458 585,306,082 0
TOTAL EGRESOS DEL AÑO 0 1,067,514,073 1,872,280,733 2,060,758,285 2,315,018,800 2,647,884,204 2,855,881,352 4,024,893,777 8,195,213,592 24,399,719,854 91,435,912,796
EFECTIVO GENERADO EN EL AÑO 0 1,800,108,381 1,610,390,260 1,980,353,272 2,384,871,295 2,834,347,769 2,787,477,485 1,746,839,637 -2,291,839,927 -18,361,345,526 -85,259,079,558
+ SALDO INICIAL 863,611,658 863,611,658 2,663,720,039 4,274,110,300 6,254,463,572 8,639,334,867 11,473,682,636 14,261,160,121 16,007,999,758 13,716,159,831 -4,645,185,696
= SALDO FINAL 863,611,658 2,663,720,039 4,274,110,300 6,254,463,572 8,639,334,867 11,473,682,636 14,261,160,121 16,007,999,758 13,716,159,831 (4,645,185,696) (89,904,265,254)
(19,176,645,814) 2,663,720,039 4,274,110,300 6,254,463,572 8,639,334,867 11,473,682,636 14,261,160,121 16,007,999,758 13,716,159,831 (4,645,185,696) (89,904,265,254)

24. PROYECCION DEL BALANCE GENERAL

CONCEPTO 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
ACTIVOS
EFECTIVO Y EQUIVALENTES AL EFECTIVO 863,611,658 2,663,720,039 4,274,110,300 6,254,463,572 8,639,334,867 11,473,682,636 14,261,160,121 16,007,999,758 13,716,159,831 -4,645,185,696 -89,904,265,254
CUENTAS COMERCILES POR COBRAR Y OTRAS CUENTAS POR COBRAR 5,136,995,604 163,304,240 189,029,997 219,366,831 255,155,083 297,669,527 304,424,220 311,350,182 318,452,362 325,735,875 333,206,000
ACTIVOS POR IMPUESTOS 984,979,000 -39,193,018 -45,367,199 -52,648,040 -61,237,220 -71,440,686 -73,061,813 -74,724,044 -76,428,567 -78,176,610 -79,969,440
INVENTARIOS 650,310,000 0 0 0 0 0 0 0 0 0 0
OTROS ACTIVOS NO FINANCIEROS CORRIENTES 53,528,763 0 0 0 0 0 0 0 0 0 0
PROPIEDADES, PLANTA Y EUIPO 11,429,519,895 0 0 0 0 0 0 0 0 0 0
ACTIVOS POR IMPUESTOS DIFERIDOS 57,700,894 0 0 0 0 0 0 0 0 0 0
0 - 0 0 0 0 0 0 0 0 0 0
0 - 0 0 0 0 0 0 0 0 0 0
0 - 0 0 0 0 0 0 0 0 0 0
0 - 0 0 0 0 0 0 0 0 0 0
0 - 0 0 0 0 0 0 0 0 0 0
0 - 183,034,906 373,757,278 572,299,268 818,542,495 1,150,666,365 1,647,017,012 3,291,786,974 9,226,724,765 31,956,286,628 122,278,140,588
0 - -61,011,635 -185,597,395 -376,363,818 -649,211,316 -1,032,766,771 -1,581,772,441 -2,679,034,766 -5,754,609,688 -16,406,705,231 -57,166,085,427
TOTAL ACTIVOS 19,176,645,814 2,909,854,533 4,605,932,981 6,617,117,814 9,002,583,909 11,817,811,070 14,557,767,099 16,857,378,104 17,430,298,703 11,151,954,967 -24,538,973,532
PASIVOS
OTROS PASIVOS FINANCIEROS 779,956,653 623,965,322 467,973,992 311,982,661 155,991,331 0 0 0 0 0 0
CUENTAS COMERCIALES POR PAGAR Y OTRAS CUENTAS POR PAGAR 6,444,608,646 155,991,331 0 0 0 0 0 0 0 0 0
PASIVOS POR IMPUESTOS 108,552,160 155,991,331 80,652,799 93,596,515 108,866,169 127,005,665 129,887,667 132,842,744 135,873,008 138,980,640 142,167,893
BENEFICIOS DE EMPLEADOS POR PAGAR 306,959,254 467,973,992 839,796,377 988,029,512 1,159,691,704 1,357,214,331 1,351,115,158 1,203,764,458 585,306,082 0 0
OTROS PASIVOS NO FINANCIEROS 4,602,550 0 1,481,002,825 1,336,607,203 721,179,090 138,980,640 142,167,893
OTROS PASIVOS FINANCIEROS 4,270,497,787 0
CUENTAS COMERCIALES POR PAGAR Y OTRAS CUENTAS POR PAGAR 72,627,972 0 0 0 0 0 0 0 0 0 0
PASIVO POR IMPUESTO DIFERIDO 502,597,266 0 170,504,113 371,104,044 606,556,602 882,112,239 1,156,429,559 1,400,830,222 1,519,665,093 950,050,564 -2,619,361,011
TOTAL PASIVO 12,490,402,288 1,403,921,975 2,256,442,540 3,259,442,197 4,436,704,987 5,814,483,171 7,186,069,771 8,408,073,084 9,002,247,440 6,154,174,797 -11,692,883,079
CAPITAL EMITIDO 300,000,000 871,525,471 1,553,541,923 2,355,941,648 3,297,751,880 4,399,974,428 5,497,243,708 6,474,846,359 6,950,185,843 4,671,727,729 -9,605,918,572
OTRAS RESERVAS 1,968,478,441 2,275,447,447 3,980,488,576 5,986,487,889 8,341,013,469 11,096,569,838 13,839,743,037 16,283,749,665 17,472,098,377 11,775,953,090 -23,918,162,662
GANANCIAS PERDIDAS ACOMULADAS 4,417,765,085 2,275,447,447 3,980,488,576 5,986,487,889 8,341,013,469 11,096,569,838 15,320,745,862 17,620,356,867 18,193,277,466 11,914,933,730 -23,775,994,769
TOTAL PATRIMONIO 6,686,243,526
PASIVO MAS PATRIMONIO 19,176,645,814
DESCUADRE 14,758,880,729 634,407,085.7 625,444,404.7 630,629,925.1 661,570,439.9 721,241,232.4 -762,978,763.2 -762,978,763.2 -762,978,763.2 -762,978,763.2 -762,978,763.2

VPN $ -4,335,910.33
TIR -83%
***
 2028
27,096,556,188.00
27,096,556,188.00
36,128,741,584.00
-
90,321,853,960.00

2028
6,936,191.37
6,936,191.37
6,936,191.37
6,936,191.37
27,744,765.48
 MODELO EVALUACION DE PROYECTOS
FLUJO DE CAJA
(Miles de Pesos Colombianos)
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Ingresos 2,612,867.8 3,024,480.0 3,509,869.3 4,082,481.3 4,762,712.4 4,870,787.5 4,981,602.9 5,095,237.8 5,211,774.0 5,331,296.0 -
Costos Directos Efectivos (61,011.6) (124,585.8) (190,766.4) (272,847.5) (383,555.5) (549,005.7) (1,097,262.3) (3,075,574.9) (10,652,095.5) (40,759,380.2) -
UTILIDAD BRUTA 2,551,856.2 2,899,894.2 3,319,102.9 3,809,633.8 4,379,157.0 4,321,781.9 3,884,340.6 2,019,662.9 (5,440,321.5) (35,428,084.2) -
Gastos Admon. Efectivos (165,679.3) (172,637.8) (179,716.0) (186,904.6) (194,380.8) (202,156.0) (210,242.3) (218,652.0) (227,398.0) (236,494.0) -
EBITDA 2,386,176.9 2,727,256.4 3,139,386.9 3,622,729.2 4,184,776.2 4,119,625.8 3,674,098.3 1,801,010.9 (5,667,719.6) (35,664,578.2) -
Depreciaciones - - - - - - - - - - -
Amortizaciones - - - - - - - - - - -
UTILIDAD OPERATIVA 2,386,176.9 2,727,256.4 3,139,386.9 3,622,729.2 4,184,776.2 4,119,625.8 3,674,098.3 1,801,010.9 (5,667,719.6) (35,664,578.2) -
Impuestos aplicados (35%) (835,161.9) (954,539.7) (1,098,785.4) (1,267,955.2) (1,464,671.7) (1,441,869.0) (1,285,934.4) (630,353.8) 1,983,701.9 12,482,602.4 -
UODI 1,551,015.0 1,772,716.6 2,040,601.5 2,354,774.0 2,720,104.5 2,677,756.8 2,388,163.9 1,170,657.1 (3,684,017.7) (23,181,975.8) -
Depreciaciones y Amortizac. - - - - - - - - - - -
F.CAJA BRUTO 1,551,015.0 1,772,716.6 2,040,601.5 2,354,774.0 2,720,104.5 2,677,756.8 2,388,163.9 1,170,657.1 (3,684,017.7) (23,181,975.8) -
Inversión en Capital de Trabajo (863,611.7) (61,741.8) (72,808.4) (85,891.8) (102,034.7) (16,211.3) (16,622.3) (17,045.2) (17,480.4) (17,928.3) 799,694.4 -
Inversión en Activos Fijos -
FLUJO DE CAJA LIBRE (863,611.7) 1,489,273.2 1,699,908.2 1,954,709.7 2,252,739.3 2,703,893.2 2,661,134.5 2,371,118.7 1,153,176.7 (3,701,946.0) (22,382,281.4) -

Valor de Continuidad -
Factor de Actualización 1.2500 1.5625 1.9531 2.4414 3.0518 3.8147 4.7684 5.9605 7.4506 9.3132
VP FLUJO DE CAJA LIBRE (863,611.7) 1,191,418.5 1,087,941.3 1,000,811.4 922,722.0 886,011.7 697,600.4 497,259.6 193,470.9 -496,866.8 -2,403,279.2

Valoración
VP Flujo de Caja Libre 4,225,293 100%
VP Vr. de Continuidad 0%
TOTAL VP FCL 4,225,293

Inversion Inicial (863,612)

INDICADORES
VPN 3,361,682
TIR 128.2%
Margen Bruto 97.66% 95.88% 94.56% 93.32% 91.95% 88.73% 77.97% 39.64% -104.39% -664.53%
Margen EBITDA 91% 90% 89% 89% 88% 85% 74% 35% -109% -669%
Margen Operativo 91% 90% 89% 89% 88% 85% 74% 35% -109% -669%

FC Proyecto (863,611.7) 1,489,273.2 1,699,908.2 1,954,709.7 2,252,739.3 2,703,893.2 2,661,134.5 2,371,118.7 1,153,176.7 (3,701,946.0) (22,382,281.4)