PROYECTO "MARIA MULATA"

SUSTRACION DE DATOS SUPUESTOS MACROECONOMICOS

INFLACION ANUAL
DEVALUACION
IPP
CRECIMIENTO PIB
IMPUESTO DE RENTA
TASA INTERES CP
TASA INTERES LP
DTF

AO 1
8%
-4%
7.5%
3.00%
33%
24%
28%
4.03%

AO 2
7.5%
-8%
7.00%
3.50%
33%
24%
28%
4.57%

DEMANDA DE LOS PRODUCTOS

AO 1

AO 2

ARTICULO 1
ARTICULO 2
ARTICULO 3
ARTICULO 4
TOTAL ARTICULOS

4,000
6,000
8,000
15,000
33,000

AO 3
7%
-6%
6.50%
4.00%
33%
24%
28%
5.23%
AO 3
4,140
6,210
8,280
15,525
34,155

AO 4
6.5%
-4%
6.00%
4.50%
33%
24%
28%
4.83%

AO 5
6.0%
2%
5.50%
5.00%
33%
24%
28%
4.53%

AO 6
5.5%
2%
5.00%
5.50%
33%
24%
28%
5%

AO 7
5%
2%
4.50%
6.00%
33%
24%
28%
5%

AO 8
5%
2%
4.50%
5.50%
33%
24%
28%
5%

AO 9
5%
2%
4.50%
5.00%
33%
24%
28%
5%

AO 10
5%
2%
4.50%
5.00%
33%
24%
28%
5%

AO 4

AO 5

AO 6

AO 7

AO 8

AO 9

AO 10

4,306
6,458
8,611
16,146
35,521

4,499
6,749
8,999
16,873
37,120

4,724
7,086
9,449
17,716
38,976

4,984
7,476
9,968
18,691
41,119

5,283
7,925
10,566
19,812
43,586

5,574
8,361
11,148
20,902
45,984

5,852
8,779
11,705
21,947
48,283

6,145
9,218
12,290
23,044
50,697

NOTA: Observacion incrementa de acuerdo a PIB

PRECIOS
PRECIO ART 1
PRECIO ART 2
PRECIO ART 3
PRECIO ART 4

AO 1

AO 2

16,000
13,500
11,000
8,500

AO 3
17,200
14,513
11,825
9,138

AO 4
18,404
15,528
12,653
9,777

AO 5

19,600
16,538
13,475
10,413

20,776
17,530
14,284
11,037

AO 6
21,919
18,494
15,069
11,644

AO 7
23,015
19,419
15,823
12,227

AO 8
24,166
20,390
16,614
12,838

AO 9
25,374
21,409
17,445
13,480

AO 10
26,643
22,480
18,317
14,154

NOTA:Observacion incrementa de acuerdo a la inflacion

MATERIA PRIMA
COSTO ART 1 (50%) 1 AO
COSTO ART 2 (40%) 1 AO
COSTO ART 3 (30%) 1 AO
COSTO ART 4 (30%) 1 AO

AO 1

AO 2

8,000
5,400
3,300
2,550

AO 3
8,640
5,832
3,564
2,754

AO 4
9,288
6,269
3,831
2,961

AO 5
9,938
6,708
4,099
3,168

10,584
7,144
4,366
3,374

AO 6
11,219
7,573
4,628
3,576

AO 7
11,836
7,989
4,882
3,773

AO 8
12,487
8,429
5,151
3,980

AO 9
13,174
8,892
5,434
4,199

AO 10
13,899
9,382
5,733
4,430

NOTA: Observacion incremeta anual IPP + 1

MANO DE OBRA
planta de operacin - MOD
OPERARIOS (5) A $650.000
EMPACADOR (1) A 589.500
FACTOR PRESTACIONAL (52%)
TOTAL MANO DE OBRA DIRECTA

AO 1
3,250,000
589,500
1,996,540
5,836,040

AO 2

AO 3

3,493,750
633,713
2,146,281
6,273,743

AO 4

3,738,313
678,072
2,296,520
6,712,905

3,981,303
722,147
2,445,794
7,149,244

AO 5
4,220,181
765,476
2,592,542
7,578,198

AO 6
4,452,291
807,577
2,735,131
7,994,999

AO 7
4,674,905
847,956
2,871,888
8,394,749

AO 8
4,908,651
890,354
3,015,482
8,814,487

AO 9
5,154,083
934,871
3,166,256
9,255,211

AO 10
5,411,787
981,615
3,324,569
9,717,972

NOTA:Observacion incrementa de acuerdo a la inflacion

COSTOS INDIRECTOS DE PRODUCION
M.O. INDIRECTA
SUPERVISOR (1) A 1.000.000
MANTENIMIENTO DE MAQUINA
CELADOR
FACTOR PRESTACIONAL (52%)
TOTAL M.O. INDIRECTA

AO 1
1,000,000
600,000
589,500
1,138,540
3,328,040

AO 2

AO 3

1,075,000
645,000
633,713
1,223,931
3,577,643

AO 4

1,150,250
690,150
678,072
1,309,606
3,828,078

1,225,016
735,010
722,147
1,394,730
4,076,903

AO 5
1,298,517
779,110
765,476
1,478,414
4,321,517

AO 6
1,369,936
821,961
807,577
1,559,727
4,559,201

AO 7
1,438,432
863,059
847,956
1,637,713
4,787,161

AO 8
1,510,354
906,212
890,354
1,719,599
5,026,519

AO 9
1,585,872
951,523
934,871
1,805,578
5,277,845

AO 10
1,665,165
999,099
981,615
1,895,857
5,541,737

NOTA :Observacion incrementa de acuerdo a la inflacion

COSTOS INDIRECTOS DE FABRICACION
ARRENDAMIENTOS
SERVICIOS PUBLICOS
PAPELERIA
MANTENIEMIENTO
TELEFONO Y INTERNET
MATERIAL DE ASEO
EMPAQUE 200 X ARTICULO
TOTAL COSTOS INDIRECTOS DE FABRICACION

AO 1

COSTOS DE ADMINTRATIVOS
ADMINISTRADOR
SECRETARIA
OUTSORCING CONTABLE
FACTOR PRESTACIONAL (52%)
TOTAL COSTOS DE ADMINTRATIVOS

AO 1

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
6,600,000
40,920,000

1,800,000
650,000
9,600,000
1,274,000
13,324,000

AO 2

AO 3

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
6,831,000
41,151,000

AO 4

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
7,104,240
41,424,240

AO 2

AO 3

1,935,000
698,750
9,600,000
1,369,550
13,603,300

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
7,423,931
41,743,931

AO 4

2,070,450
747,663
9,600,000
1,465,419
13,883,531

2,205,029
796,261
9,600,000
1,560,671
14,161,961

AO 5
21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
7,795,127
42,115,127

AO 5
2,337,331
844,036
9,600,000
1,654,311
14,435,678

AO 6
21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
8,223,859
42,543,859

AO 6

AO 7
21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
8,717,291
43,037,291

AO 7

AO 8
21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
9,196,742
43,516,742

AO 8

AO 9
21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
9,656,579
43,976,579

AO 9

AO 10
21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
10,139,408
44,459,408

AO 10

2,465,884
890,458
9,600,000
1,745,298
14,701,640

2,589,178
934,981
9,600,000
1,832,563
14,956,722

2,718,637
981,730
9,600,000
1,924,191
15,224,559

2,854,569
1,030,817
9,600,000
2,020,401
15,505,787

2,997,298
1,082,357
9,600,000
2,121,421
15,801,076

AO 6
109,247,595
138,266,488
150,215,444
217,641,694
615,371,221

AO 7
121,592,574
153,890,601
167,189,789
242,235,205
684,908,169

AO 8
134,694,174
170,472,313
185,204,489
268,336,049
758,707,024

AO 9
148,500,326
187,945,726
204,187,949
295,840,494
836,474,494

AO 10
163,721,610
207,210,162
225,117,213
326,164,144
922,213,130

AO 7
62,533,324
63,314,990
51,589,992
74,746,863
252,185,169

AO 8
69,601,153
70,471,167
57,420,951
83,195,128
280,688,398

AO 9
77,100,677
78,064,435
63,608,058
92,159,403
310,932,573

AO 10
85,408,275
86,475,878
70,461,827
102,089,578
344,435,558

NOTA: Observacion incrementa de acuerdo a la inflacion

RESULTADOS:
A. PROYECION DE INGRESOS
La proyecion de ingresos que se obtendra de acuerdo a las variables establecidas sera la que se muestraen el siguiente cuadro teniendoen cuentas que:
los ingresos obtenidos por cada ao durante los 10 aos sera la multiplicacion de: (El precio incrementado de acuerdo a la inflacion x la demandade los articulos incrementa de acuerdo a PIB)

ARTICULO 1 * PRECIO ART 1

ARTICULO 2 * PRECIO ART 2
ARTICULO 3 * PRECIO ART 3
ARTICULO 4 * PRECIO ART 4
TOTAL INGRESO X AO

AO 1
64,000,000
81,000,000
88,000,000
127,500,000
360,500,000

AO 2
71,208,000
90,122,625
97,911,000
141,859,688
401,101,313

AO 3
79,240,262
100,288,457
108,955,361
157,861,460
446,345,541

AO 4
88,188,469
111,613,531
121,259,145
175,687,966
496,749,111

AO 5
98,153,766
124,225,860
134,961,428
195,540,706
552,881,760

B. PROYECION COSTO MATERIA PRIMA

La proyecion de costo de materia prima que se obtendra de acuerdo a las variables establecidas sera la que se muestra en el siguiente cuadro teniendoen cuentas que:
el costo total de la materia por ao durante los 10 aos sera la multiplicacion de: [El costo de materia prima incrementado anual por IPP + 1 ] x [ la demandade los articulos incrementa de acuerdo a PIB)

ARTICULO 1 * COSTO ART 1

ARTICULO 2 * COSTO ART 2
ARTICULO 3 * COSTO ART 3
ARTICULO 4 * COSTO ART 4
TOTAL COSTO DE MATERIA PRIMA

AO 1
32,000,000
32,400,000
26,400,000
38,250,000
129,050,000

AO 2
35,769,600
36,216,720
29,509,920
42,755,850
144,252,090

AO 3
39,990,413
40,490,293
32,992,091
47,801,040
161,273,837

AO 4
44,715,280
45,274,221
36,890,106
53,448,733
180,328,340

C. PROYECION COSTO TOTAL DE PRODUCCION

los costo total de producion son todas erogaciones que debe incurrir una empresa para llevar a cabo su producion para lo cual

AO 5
50,002,862
50,627,898
41,252,361
59,769,046
201,652,167

AO 6
55,918,201
56,617,178
46,132,515
66,839,724
225,507,618

nos podemos guiar por el siguiente esquema:

AO 1
COSTOS VARIABLES
COSTOS TOTAL DE MATERIA PRIMA
MANO DE OBRA DIRECTA
TOTAL COSTOS VARIABLES *
COSTOS FIJOS
COSTO DE ADMINISTRACION
COSTO DE ADMINISTRACION
MATERIAL INDIRECTO
MANO DE OBRA INDIRECTA
GASTOS GENERALES (AMORTIZACIONES Y DEPRECIACIONES)
AMORTIZACION
ESTUDIO DE FACTIBILIDAD $ 2.500.000
ESTUDIO DE PREFACTIBILIDAD $ 2.000.000
GASTOS DE ORGANIZACIN $ 3.000.000
GASTOS DE INSTALACION Y PUESTA EN MARCHA $ 4.000.000
DEPRECIACION (MAQUINARIA) 5AOS
MAQUINA $ 50.000.000
VEHICULO $ 20.000.000
MUEBLES Y ENSERES $14.000.000
EQUIPO DE OFICINA $10.000.000
TOTAL COSTOS FIJOS **
TOTAL COSTO DE PRODUCCION(COSTO VARIABLE + COSTO FIJO)

AO 4

AO 5

AO 6

AO 7

AO 8

AO 9

AO 10

129,050,000
5,836,040
134,886,040

AO 2
144,252,090
6,273,743
150,525,833

AO 3
161,273,837
6,712,905
167,986,742

180,328,340
7,149,244
187,477,584

201,652,167
7,578,198
209,230,365

225,507,618
7,994,999
233,502,617

252,185,169
8,394,749
260,579,919

280,688,398
8,814,487
289,502,885

310,932,573
9,255,211
320,187,784

344,435,558
9,717,972
354,153,529

13,324,000
6,600,000
3,328,040

13,603,300
6,831,000
3,577,643

13,883,531
7,104,240
3,828,078

14,161,961
7,423,931
4,076,903

14,435,678
7,795,127
4,321,517

14,701,640
8,223,859
4,559,201

14,956,722
8,717,291
4,787,161

15,224,559
9,196,742
5,026,519

15,505,787
9,656,579
5,277,845

15,801,076
10,139,408
5,541,737

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

5,000,000
4,000,000
1,400,000
1,000,000
35,802,040
170,688,080

5,000,000
4,000,000
1,400,000
1,000,000
36,561,943
187,087,776

5,000,000
4,000,000
1,400,000
1,000,000
37,365,849
205,352,591

5,000,000
4,000,000
1,400,000
1,000,000
38,212,794
225,690,379

5,000,000
4,000,000
1,400,000
1,000,000
39,102,323
248,332,688

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

1,400,000
1,000,000
36,034,701
269,537,318

1,400,000
1,000,000
37,011,174
297,591,093

1,400,000
1,000,000
37,997,819
327,500,704

1,400,000
1,000,000
38,990,210
359,177,994

1,400,000
1,000,000
40,032,221
394,185,750

7,578,198
4,321,517
14,435,678
26,335,394

7,994,999
4,559,201
14,701,640
27,255,841

8,394,749
4,787,161
14,956,722
28,138,633

8,814,487
5,026,519
15,224,559
29,065,564

9,255,211
5,277,845
15,505,787
30,038,842

9,717,972
5,541,737
15,801,076
31,060,785

D. PROYECION GASTO DE PERSONAL

el total de gastos de personal esta dad por la sumatoria de la mano de directa + la manode obra indirecta y personal administrativo que labora en la empresa
ver tabla inicial donde se calcular estos datos: independiende que la mano de obra directa y mano de obra indirecta se han tomada en cuenta en el proceso
productivo
TOTAL MANO DE OBRA DIRECTA
TOTAL MANO DE OBRA INDIRECTA
TOTAL COSTOS DE ADMINTRATIVOS
TOTAL GASTO DE PERSONAL

5,836,040
3,328,040
13,324,000
22,488,080

6,273,743
3,577,643
13,603,300
23,454,686

6,712,905
3,828,078
13,883,531
24,424,514

7,149,244
4,076,903
14,161,961
25,388,107

E. PROYECION COSTOS INDIRECTOS

La proyecion de costos indirectos esta identificada como la sumatoria del materal indirectos + la mano de obra indirectos y todos aquellos costos indirectos que se incurren para llevar acabo la producion

COSTOS INDIRECTOS DE PRODUCION

MATERAL INDIRECTO
EMPAQUE 200 X ARTICULO
M.O. INDIRECTA
SUPERVISOR (1) A 1.000.000
MANTENIMIENTO DE MAQUINA
CELADOR
FACTOR PRESTACIONAL (52%)
COSTO INDIRECTOS DE FABRICACION
ARRENDAMIENTOS
SERVICIOS PUBLICOS
PAPELERIA
MANTENIEMIENTO
TELEFONO Y INTERNET
MATERIAL DE ASEO
TOTAL COSTOS INDIRECTOS

AO 1

AO 2

AO 3

AO 4

AO 5

AO 6

AO 7

AO 8

AO 9

AO 10

6,600,000

6,831,000

7,104,240

7,423,931

7,795,127

8,223,859

8,717,291

9,196,742

9,656,579

10,139,408

1,000,000
600,000
589,500
1,138,540

1,075,000
645,000
633,713
1,223,931

1,150,250
690,150
678,072
1,309,606

1,225,016
735,010
722,147
1,394,730

1,298,517
779,110
765,476
1,478,414

1,369,936
821,961
807,577
1,559,727

1,438,432
863,059
847,956
1,637,713

1,510,354
906,212
890,354
1,719,599

1,585,872
951,523
934,871
1,805,578

1,665,165
999,099
981,615
1,895,857

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
44,248,040

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
44,728,643

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
45,252,318

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
45,820,834

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
46,436,645

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
47,103,060

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
47,824,452

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
48,543,261

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
49,254,424

21,600,000
9,000,000
120,000
1,200,000
1,440,000
960,000
50,001,145

F. PROYECION GASTOS OPERACIONALES

la proyeccion total de gastos operacionales tiene encuenta gastos administrativos (los sueldos, los servicios de oficinas), financieros (intereses, emisin de cheques), gastos hundidos (realizados antes del comienzo de las operaciones

inherentes a las actividades) y gastos de representacin (regalos, viajes, comidas).

MANO DE OBRA DIRECTA
COSTO DE ADMINISTRACION
MANO DE OBRA INDIRECTA
AMORTIZACION
ESTUDIO DE FACTIBILIDAD $ 2.500.000
ESTUDIO DE PREFACTIBILIDAD $ 2.000.000
GASTOS DE ORGANIZACIN $ 3.000.000
GASTOS DE INSTALACION Y PUESTA EN MARCHA $ 4.000.000
DEPRECIACION (MAQUINARIA) 5AOS
MAQUINA $ 50.000.000
VEHICULO $ 20.000.000
MUEBLES Y ENSERES $14.000.000
EQUIPO DE OFICINA $10.000.000
TOTAL GASTOS OPERACIONALES

5,836,040
13,324,000
3,328,040

6,273,743
13,603,300
3,577,643

6,712,905
13,883,531
3,828,078

7,149,244
14,161,961
4,076,903

7,578,198
14,435,678
4,321,517

7,994,999
14,701,640
4,559,201

8,394,749
14,956,722
4,787,161

8,814,487
15,224,559
5,026,519

9,255,211
15,505,787
5,277,845

9,717,972
15,801,076
5,541,737

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

250,000
200,000
300,000
400,000

5,000,000
4,000,000
1,400,000
1,000,000
35,038,080

5,000,000
4,000,000
1,400,000
1,000,000
36,004,686

5,000,000
4,000,000
1,400,000
1,000,000
36,974,514

5,000,000
4,000,000
1,400,000
1,000,000
37,938,107

5,000,000
4,000,000
1,400,000
1,000,000
38,885,394

5,000,000

5,000,000

5,000,000

5,000,000

5,000,000

1,400,000
1,000,000
35,805,841

1,400,000
1,000,000
36,688,633

1,400,000
1,000,000
37,615,564

1,400,000
1,000,000
38,588,842

1,400,000
1,000,000
39,610,785

G. PROYECION CAPITAL DE TRABAJO

teniendo encuenta que el capital de trabajo para este ejercicio esta dado por 2 meses de gastos de personal mas 20 dias de materia prima y un mes de gastos operacionales

adicionalmente hay que tener encuenta que estos gastos estan por ao lo que habria que convertirlo mensual veamos.

TOTAL GASTO DE PERSONAL

TOTAL GASTOS OPERACIONALES
TOTAL COSTO DE MATERIA PRIMA
CAPITAL DE TRABAJO

22,488,080
35,038,080
129,050,000
13,837,298

23,454,686
36,004,686
144,252,090
14,923,510

24,424,514
36,974,514
161,273,837
16,111,619

25,388,107
37,938,107
180,328,340
17,411,101

26,335,394
38,885,394
201,652,167
18,832,580

H.PROYECCION DE INVERSION
la proyecion de inversion esta dada por dineros necesarios para llevar a cabos la producion en los que encontamos
ESTUDIO DE FACTIBILIDAD
ESTUDIO DE PREFACTIBILIDAD
GASTOS DE ORGANIZACIN
GASTOS DE INSTALACION Y PUESTA EN MARCHA
MAQUINARIA
VEHICULO
MUEBLES Y ENSERES
EQUIPO DE OFICINA
PRESTAMO (dinero necesario para el inicio de labores)
TOTAL PROYECION DE INVERSION

2,500,000
2,000,000
3,000,000
4,000,000
50,000,000
20,000,000

14,000,000
10,000,000
40,000,000
145,500,000

I. PROYECION AMORTIZACION DEL PRESTAMO

para este ejercio hay que tener en cuenta que DTF *12 puntos es una tasa trimestral anticipada que abria que convertilar a trimestral vencida, luego a mensual vendida para
realizar la amortizacion del prestamo mensual.
calculos:
DTF + 12 PUNTOS
4.05% +12 PUNTOS = 16.O5% TA

Convertir la tasa trimestral anticipada (TA) a efectiva anual (EA)

Luego convertimos la tasa efectiva a anual mes vencido

Luego dividimos esta tasa anual mes vencido en 12 para hallar la tasa mes vencido con la que vamos a calcular el prestamo del accionista
por los 10 aos

$ 40,000,000
60
0.8625%
$ 856,787
Valor del consumo (o del prestamo)
Cuotas mensuales de plazo concedidas:
Tasa de inters mensual:
Valor cuota mensual

Valor cuota
mensual

Cuota No

Parte de la
cuota que se
convierte en
abono a

Parte de la
cuota que se
convierte en
abono a

capital

intereses

Saldo del crdito

(capital)
despus
del pago
40,000,000

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787

511,787
516,201
520,653
525,144
529,673
534,242
538,850
543,497
548,185
552,913
557,682
562,492
567,343
572,237
577,172
582,150
587,171
592,236
597,344
602,496
607,692
612,934
618,220
623,552
628,931
634,355
639,826
645,345
650,911
656,525
662,188
667,899
673,660

345,000
340,586
336,134
331,643
327,114
322,545
317,937
313,290
308,602
303,874
299,105
294,295
289,444
284,550
279,615
274,637
269,616
264,551
259,443
254,291
249,095
243,853
238,567
233,235
227,856
222,432
216,961
211,442
205,876
200,262
194,599
188,888
183,127

39,488,213
38,972,012
38,451,358
37,926,214
37,396,541
36,862,299
36,323,450
35,779,952
35,231,767
34,678,854
34,121,172
33,558,681
32,991,337
32,419,100
31,841,928
31,259,778
30,672,606
30,080,371
29,483,027
28,880,531
28,272,839
27,659,905
27,041,684
26,418,132
25,789,201
25,154,846
24,515,020
23,869,675
23,218,764
22,562,239
21,900,051
21,232,152
20,558,492

27,255,841
35,805,841
225,507,618
20,054,661

28,138,633
36,688,633
252,185,169
21,757,445

29,065,564
37,615,564
280,688,398
23,572,691

30,038,842
38,588,842
310,932,573
25,496,242

31,060,785
39,610,785
344,435,558
27,613,005

34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787
856,787

51,407,220

679,470
685,330
691,241
697,203
703,217
709,282
715,400
721,570
727,793
734,071
740,402
746,788
753,229
759,726
766,278
772,887
779,554
786,277
793,059
799,899
806,798
813,757
820,775
827,855
834,995
842,197
849,461
40,000,021

177,317
171,457
165,546
159,584
153,570
147,505
141,387
135,217
128,994
122,716
116,385
109,999
103,558
97,061
90,509
83,900
77,233
70,510
63,728
56,888
49,989
43,030
36,012
28,932
21,792
14,590
7,326
11,407,199

19,879,022
19,193,692
18,502,450
17,805,247
17,102,030
16,392,748
15,677,349
14,955,779
14,227,985
13,493,915
12,753,513
12,006,725
11,253,496
10,493,770
9,727,492
8,954,605
8,175,051
7,388,774
6,595,715
5,795,816
4,989,018
4,175,261
3,354,486
2,526,631
1,691,637
849,440
(21)
1,282,573,818

K. FLUJO DE CAJA DEL PROYECTO

Es el dinero que recibe el inversionista durante los aos del proyecto habiendo recuperado su inversion inicial
AO 1
UTILIDAD DESPUES DE IMPUESTO
INVERSION INICIAL (RECUPERACION)
FLUJO DE CAJA PARA EL INEVRSIONISTA

127,173,986
145,500,000
(18,326,014)

AO 2

AO 3

AO 4

AO 5

AO 6

AO 7

AO 8

AO 9

AO 10

143,389,069

161,465,276

181,609,350

204,047,878

231,708,715

259,502,441

288,908,235

319,788,655

353,778,345

125,063,056

286,528,332

468,137,683

672,185,561

903,894,276

1,163,396,718

1,452,304,952

1,772,093,607

2,125,871,952

K. FLUJO DE CAJA DEL PROYECTO

El calculo de este ejercicio estadado por la diferencia entre los ingreos obtenios en el ao menos el total de costo

INGRESOS OBTENIOS POR AO

COSTOS TOTALES
UTILIDAD
IMPUESTO DE RENTA 33%
UTILIDAD DESPUES DE IMPUESTO

AO 1
360,500,000
170,688,080
189,811,920
62,637,934
127,173,986

AO 2
401,101,313
187,087,776
214,013,537
70,624,467
143,389,069

AO 3
446,345,541
205,352,591
240,992,950
79,527,673
161,465,276

AO 4
496,749,111
225,690,379
271,058,732
89,449,382
181,609,350

AO 5
552,881,760
248,332,688
304,549,072
100,501,194
204,047,878

AO 6
615,371,221
269,537,318
345,833,903
114,125,188
231,708,715

AO 7
684,908,169
297,591,093
387,317,077
127,814,635
259,502,441

AO 8
758,707,024
327,500,704
431,206,320
142,298,086
288,908,235

AO 9
836,474,494
359,177,994
477,296,500
157,507,845
319,788,655

AO 10
922,213,130
394,185,750
528,027,380
174,249,035
353,778,345

FLUJO DEL PROYECTO (ACUMULADO POR AO)

127,173,986

270,563,056

432,028,332

613,637,683

817,685,561

1,049,394,276

1,308,896,718

1,597,804,952

1,917,593,607

2,271,371,952