AEROPUERTO INTERNACIONAL

DE TOCUMEN
MACKOOL VILLARREAL
4-751-57

DESCRIPCIN
Es supervisada por la
autoridad de Aeropuertos
y Aerdromos de Panama

Sus ingresos provienen

del cobro de tarifas e
impuestos por vuelo a las
aerolneas
y
a
sus
pasajeros, adems del
alquiler y concesiones
comerciales dentro del

AEROPUERTO INTERNACIONAL DE TOCUMEN, S.A.

ACTIVOS
ACTIVOS NO CORRIENTES
Inmuebles, planta, equipo y
mejoras a la propiedad, neto
de depreciacion y
amortizacion
Propiedades de inversion,
neto de amortizacion y
depreciacion
construcciones en proceso
Adelanto a contratista
Adelanto a compras en el
extranjero
inventarios neto de provisin
Fondo de cesanta
Depsitos de garanta
TOTAL DE ACTIVOS NO
CORRIENTES

BALANCE GENERAL

NOTA

2015

ANALISIS VERTICAL

2014
2015
2014

ANALISIS HORIZONTAL

ABSOLUTA
%

4 B/.

440,011,421.00

B/.

397,767,493.00

36.33%

37.39% B/.

42,243,928.00

5 B/.
6 B/.

125,023,557.00
409,870,951.00

B/.
B/.

139,282,691.00
208,497,563.00

10.32%
33.84%

13.09% B/.
19.60% B/.

(14,259,134.00)
201,373,388.00

7 B/.

71,633,516.00

B/.

93,465,442.00

5.91%

8.78% B/.

8 B/.
B/.
3 B/.

6,277,534.00
1,467,455.00
1,634,211.00

B/.
B/.
B/.

63,477,872.00
1,418,215.00
1,434,447.00

0.52%
0.12%
0.13%

B/.

5.97% B/.
0.13% B/.
0.13% B/.
B/.
0.00%

B/. 1,055,948,334.00

29,689.00

B/.
B/.

29,689.00

0.00%

905,373,412.00

87.19%

85.09% B/.
B/.

CUENTAS POR COBRAR

Clientes
Partes relacionadas

9 B/.

22 B/.
10,22
B/.

Otras
Menos provisin por deterioro
de cuentas incobrables
TOTAL CUENTAS POR COBRAR
NETO
Gastos pagados por
anticipado

Impuesto sobre la renta

pagado anticipado

TOTAL DE ACTIVOS

120,340,476.00

B/.

124,219,090.00

10.24%
96.58%
(21,831,926.00) 23.36%
(57,200,338.00) 90.11%
49,240.00
3.47%
199,764.00 13.93%
0.00%

150,574,922.00

16.63%
-

B/.

ACTIVOS CORRIENTES
Efectivo y equivalentes de
efectivo

9.94%

11.68% B/.
B/.

(3,878,614.00)
-

10,908,462.00
330,894.00

B/.
B/.

22 B/.

9,216.00

B/.

22 B/.

(1,791,735.00)

B/.

(1,354,109.00)

-0.15%

-0.13% B/.

22 B/.

9,456,837.00

B/.

9,296,651.00

0.78%

160,186.00
-

B/.

17,849,238.00

B/.

17,849,238.00

1.47%

0.87% B/.
B/.
1.68%

B/.

7,520,049.00

B/.

7,236,044.00

0.62%

0.68% B/.

284,005.00

10,339,400.00
299,783.00

0.90%
0.03%

10.62%

0.97% B/.
0.03% B/.

11,577.00 0.0008% 0.0011% B/.

-3.12%

569,062.00
5.50%
31,111.00 10.38%
(2,361.00) 20.39%
(437,626.00) 32.32%
1.72%
0.00%
3.92%

PASIVOS

PASIVOS NO CORRIENTES

7.02%

0.00%

Bonos por pagar

9,11

Impuesto diferido pasivo

B/.
B/.
556,472,443.00
B/.
14,580,458.00

Ingreso diferido

B/.
84,979,962.00
B/.
646,209,327.00
B/.
14,580,458.00
B/.
296,700.00
B/.
3,223,754.00

B/.
336,303.00
B/.
3,201,666.00

Cuentas por pagar a

concesionarios
Depsitos de garanta
concesionarios

12

Provisin para beneficio jubilados 13

B/.
1,789,515.00
B/.
1,743,142.00
B/.
47,607,359.00

B/.
2,024,571.00
B/.
1,548,242.00
B/.
27,077,285.00
B/.
800,430,217.00 605,240,968.00

53.36% 52.30%
1.20%

0.02%
0.27%

0.15%

Prima de antigedad

Otros impuestos por pagar

15

TOTAL PASIVO NO CORRIENTES

PASIVOS CORRIENTES

Cuentas por pagar:

Partes relacionadas

10

B/.
5,613,797.00
B/.
63,484,456.00

Proveedores

B/.
6,691,914.00
B/.
99,369,935.00

Otras

B/.
50,177.00

Total de cuentas por pagar

Dividendos por pagar

B/.

B/.
98,329.00
B/.
B/.
106,112,026.00 69,196,582.00
B/.
B/.
1,611,704.00
B/.
B/.

0.14%
3.93%
66.09%

0.55%
8.20%

0.00%
8.76%
0.13%

1.37%

B/.
B/.
B/.
84,979,962.00
B/.
89,736,884.00
B/.
-

B/.
0.03% (39,603.00)
B/.
0.30% 22,088.00
B/.
0.19% (235,056.00)
B/.
0.15% 194,900.00
B/.
2.54% 20,530,074.00
B/.
56.88% 195,189,249.00
B/.
B/.
B/.
B/.
0.53% 1,078,117.00
B/.
5.97% 35,885,479.00
B/.
0.01% (48,152.00)
B/.
6.50% 36,915,444.00
B/.
0.00% 1,611,704.00
B/.

16.13
%
0.00%
11.78
%
0.69%
11.61
%
12.59
%
75.82
%
32.25
%

19.20
%
56.53
%
48.97
%
53.35
%

64.74

PATRIMONIO Y PASIVOS

NOT
A

2015

2014

PATRIMONIO

B/.
20,000,000.00
B/.
307,661,033.00

B/.
20,000,000.00
B/.
307,661,033.00

B/.
8,901,748.00

B/.
107,229,732.00

Cuenta por cobrar accionistas

10

B/.
(40,292,601.00)

B/.
(54,797,944.00)

Impuesto complementario

B/.
(7,898,476.00)

22

B/.
288,371,704.00

Acc. Com. Emitidas 1,000,000 con

valor nominal 20.00

Capital adicional pagado

Utilidades no distribuidas

TOTAL DE PATRIMONIO

B/.
-

B/.
1.65% 1.88% B/.
25.40% 28.92% -

B/.
0.74% 10.08% (98,327,984.00)

0.00%
0.00%

91.70
%

-3.33%

B/.
-5.15% 14,505,343.00

26.47
%

B/.
(6,573,090.00)

-0.65%

B/.
-0.62% (1,325,386.00)

20.16
%

B/.
373,519,731.00

B/.
23.81% 35.11% (85,148,027.00)

22.80
%

24,772,538.00
11,429,309.00
1,753,599.00
37,955,446.00

B/.
B/.
B/.
B/.

B/.

1,722,625.00

B/.

ANALISIS
VERTICAL
ABSOLUTO
%
2014.00
2015
2014

B/.

23,732,204.00
62.43% 63.11% B/.
1,040,334.00
4.38%
10,455,112.00
28.81% 27.80% B/.
974,197.00
9.32%
1,165,156.00
4.42%
3.10% B/.
588,443.00 50.50%
35,352,472.00
95.66% 94.01% B/.
2,602,974.00
7.36%
B/.
2,251,135.00
4.34%
5.99% (528,510.00)
-23.48%

B/.

39,678,071.00

B/.

37,603,607.00

ESTADO DE RESULTADOS

INGRESOS:
Operacin
Concesin
Comerciales
TOTAL DE INGRESOS DE OPERACIN

B/.
B/.
B/.
B/.

Otros Ingresos

TOTAL DE INGRESOS

COSTOS Y GASTOS DE OPERACIN:

Costo de personal
Gastos Generales y Administrativos

B/.
B/.

(5,139,909.00)
(7,376,085.00)

Depreciacin y amortizacin

B/.

(3,803,739.00)

Otros gastos
Resultado de las operaciones de
administracin

B/.

(23,290.00)

B/.

Ingresos y costos financieros neto

Utilidada antes de impuesto sobre la
renta

B/.

B/.

Impuesto sobre la renta

Corriente
Diferido
Total de impuesto sobre la renta
UTILIDAD NETA

2015.00

100.00% 100.00% B/.

2,074,464.00
5.52%
B/.

B/.
B/.
(4,584,312.00)
-12.95% -12.19% (555,597.00)
12.12%
B/.
(10,286,366.00) -18.59% -27.35% B/.
2,910,281.00 -28.29%
B/.
B/.
(3,026,004.00)
-9.59%
-8.05% (777,735.00)
25.70%
B/.
B/.
(9,173.00)
-0.06%
-0.02% (14,117.00)
153.90%

23,335,048.00

B/.
19,697,752.00
B/.
(9,423,992.00) (8,127,822.00)

13,911,056.00

B/.

52.38% B/.

3,637,296.00

18.47%

-23.75% -21.61% B/.

(1,296,170.00)

15.95%

2,341,126.00

20.23%

11,569,930.00

B/.

B/.

B/.

B/.

B/.

B/.

58.81%

35.06%

B/.

13,911,056.00

B/.

11,569,930.00

UTILIDAD POR ACCIN

B/.
11.57

2,341,126.00

20.23%

B/.
-

B/.
-

B/.
B/.
100.00% 100.00% 2.34

B/.
13.91

35.06%

30.77% B/.
B/.
B/.
B/.
B/.
30.77% B/.

20.23%

80.00%
67.43%

70.00%
60.00%
50.00%

2015

40.00%
30.00%

23.81%

20.00%
10.00%

BALANCE

8.76%

0.00%

70.00%

64.89%

60.00%
50.00%

2014

40.00%
28.60%

30.00%
20.00%
10.00%
0.00%

6.50%

2014
56.37%

60.00%
50.00%

2015
70.00%
50.00%
40.00%

30.00%

31.60%

30.00%

20.00%

20.00%

10.00%

10.00%
0.00%

0.00%

FINANCIAMIEN
TO
90.00%

90.00%
76.26%

80.00%

70.00%

70.00%

60.00%

60.00%

50.00%

50.00%

40.00%

40.00%

30.00%

68.40%

60.00%

43.63%

40.00%

80.00%

80.00%

23.74%

30.00%

20.00%

20.00%

10.00%

10.00%

0.00%

0.00%

77.34%

22.66%

CONCLUSIONES