FLUJO DE CAJA ESPERADO

DETALLE
Ingresos
Ventas de Activo

2008
AO 1
72,000,000

AO 0

Costos Fijos
Publicidad
Interses Prstamo
Depreciacin
Amortizacin Intangibles

69,424,740
1,000,000
1,200,000
428,571
140,000

Utilidad antes de Impuesto

193,311

2009
AO 2
75,600,000

Depreciacin
Amortizacin Intangibles
Valor Libro
Inversin Inicial
Inversin de Reemplazo
Inversin de Ampliacin
Inversin en Cap. De Trabajo Prstamo
Amortizacin Deuda
Valor de Desecho
FLUJO DE CAJA

75,062,555
1,081,600
1,115,053
642,857
140,000

2011
AO 4
83,349,000

78,443,531
1,124,864
1,056,743
642,857
140,000

2012
AO 5
87,516,450

81,990,024
1,169,859
984,439
642,857
140,000

2013
AO 6
91,892,273

85,711,076
1,216,653
894,782
642,857
-

2014
AO 7
96,486,886

89,616,287
1,265,319
783,607
642,857
-

2015
AO 8
101,311,230

93,715,847
1,315,932
645,750
214,286
-

2016
AO 9
106,376,792

98,020,583
1,368,569
474,807
214,286
-

990,777

1,337,934

1,941,005

2,589,272

3,426,904

4,178,816

5,419,416

6,298,547

168,432

227,449

329,971

440,176

582,574

710,399

921,301

1,070,753

193,311

822,345

1,110,485

1,611,034

2,149,096

2,844,330

3,468,417

4,498,115

5,227,794

428,571
140,000

428,571
140,000

642,857
140,000

642,857
140,000

642,857
140,000

642,857
-

642,857
-

214,286
-

214,286
-

Impuesto Renta
Utilidad neta

71,838,574
1,040,000
1,162,077
428,571
140,000

2010
AO 3
79,380,000

3,700,000
-

1,500,000

5,000,000
5,000,000
3,700,000

158,011 217,249

195,934 -

242,958 -

301,268 -

373,572 -

463,229 -

574,404 -

712,261 -

883,204

1,194,983

150,385

2,092,623

2,558,381

3,023,958

3,536,870

4,000,139

4,558,876

AO 2
876,392

AO 3
94,451

AO 4
1,125,548

AO 5
1,178,438

AO 6
1,192,849

AO 7
1,194,805

AO 8
1,157,235

AO 9
1,129,464

1,062,440

1,156,892

2,282,440

3,460,878

4,653,727

5,848,532

7,005,767

8,135,231

CALCULO DEL V.A.N. Y PERIODO DE RECUPERACION

Tasa de Descuento
Descuento de Flujos

16.77%
3,700,000

Periodo de Recuperacin
Valor Actual Neto

7,003,084

AO 1
186,048

T. I. R.

38.51%

2017
AO 10
111,695,632

102,541,996
1,423,312
262,838
-

7,467,486
1,269,473
6,198,013
-

1,095,173
7,000,000
12,102,840

AO 10
2,567,853
10,703,084

Prstamo
Periodo
Tasa de Inters

5,000,000 pesos
10 aos
24%

Cuota

1,358,011

Cuotas

Pago Cuota
0
1
2
3
4
5
6
7
8
9
10

1,358,011
1,358,011
1,358,011
1,358,011
1,358,011
1,358,011
1,358,011
1,358,011
1,358,011
1,358,011
13,580,110

$ 1,358,011
Cuota de
Capital
158,011
195,934
242,958
301,268
373,572
463,229
574,404
712,261
883,204
1,095,173
5,000,014

Considerando 2% mensual en crditos de consumo, base Banco S

-$ 42,972,127.53 -$ 42,972,139.07
Cuota Inters
1,200,000
1,162,077
1,115,053
1,056,743
984,439
894,782
783,607
645,750
474,807
262,838
8,580,096
13,580,110

Deuda
Extinguida
158,011
353,945
596,903
898,171
1,271,743
1,734,972
2,309,376
3,021,637
3,904,841
5,000,014

en crditos de consumo, base Banco Santander

Deuda
Residual
5,000,000
4,841,989
4,646,055
4,403,097
4,101,829
3,728,257
3,265,028
2,690,624
1,978,363
1,095,159
-

ANALISIS VENTAS
Cervezas
VENTAS
cervezas mensuales
Valor Cerveza
costo cerveza

1,500
700

mensuales
anuales

CRECIMIENTO

7500
90000
Ao 1
72,000,000

Ao 2
75,600,000
5%

Ao 3
79,380,000
5%

Ao 4
83,349,000
5%

Ao 5
87,516,450
5%

Ao 6
91,892,273
5%

Ao 7
96,486,886
5%

Ao 8
101,311,230
5%

Ao 9
106,376,792
5%

Ao 10
111,695,632
5%

Totales

Totales

#VALUE!

CLCULO DE LA DEPRECIACION

inversin fija

Reinversiones
Ao 2
Ao 3
Ao 4
Ao 5
Ao 6
Ao 7
Ao 8
Ao 9
Ao 10

Ao 0
3,000,000

7
7

1,500,000

Ao 1
428,571

Ao 2
428,571

Total Depreciacin Anual

Ao 3
428,571

Ao 4
428,571

Ao 5
428,571

Ao 6
428,571

Ao 7
428,571

214,286

214,286

214,286

214,286

214,286

214,286

214,286

642,857

642,857

214,286

214,286

428,571

428,571

642,857

642,857

642,857

Ao 1
140,000

Ao 2
140,000

Ao 3
140,000

Ao 4
140,000

Ao 5
140,000

CLCULO DE LA AMORTIZACION

Inversin Nominal

Ao 0
700,000

Ao 8

Ao 9

Ao 10

INVERSION FIJA TOTAL

N

1
2

CONCEPTO
remodelacion
equipamiento
TOTAL INVERSION FIJA

MONTO PESOS
1,000,000
2,000,000
3,000,000

INVERSIONES NOMINALES
N

1
2

CONCEPTO
Constitucin Sociedad (con Inscripciones)
Derechos Municipales (construccin y patente)
TOTAL INVERSION NOMINAL

MONTO PESOS
500,000
200,000
700,000

COSTOS FIJOS
Mano de Obra Directa
Costos Varios

Ao 1
58,318,800
7,800,000

Ao 2
60,651,552
8,424,000
-

Ao 3
63,077,614
9,097,920
-

Ao 4
65,600,719
9,825,754
-

Ao 5
68,224,747
10,611,814
-

Ao 6
70,953,737
11,460,759
-

Ao 7
73,791,887
12,377,620
-

Ao 8
76,743,562
13,367,829
-

Ao 9
79,813,305
14,437,256
-

Ao 10
83,005,837
15,592,236
-

TOTAL AOS

66,118,800

69,075,552

72,175,534

75,426,472

78,836,561

82,414,496

86,169,506

90,111,392

94,250,560

98,598,073

Costos Varios
Electricidad
Agua
Calefaccin y gas
Gastos Varios (Caja Chica)
Sub. Total
Total Anual (11 Meses)

100,000
50,000
400,000
100,000
650,000
7,800,000

BALANCE RECURSOS HUMANOS

1
2
3
4
5
6
7
8
9

CARGO

Gerencia General
Gerencia de RRHH
Gerencia de operaciones
Marketing y desarrollo
Garzones
contador externo
cajero
portero/guardia
cocinero

TOTAL COSTOS PERSONAL MENSUAL

NUMERO
DE
PUESTOS

MONTO
MENSUAL
POR
PUESTO

1
1
2
2
6
1
1
1
1

600,000
600,000
600,000
350,000
130,000
70,000
200,000
200,000
250,000

16

MONTO TOTAL
Ley 16744
Seguro de
MENSUAL POR Accidentes del Cesanta
PUESTOS
Trabajo, (0,95 +
1,7%)

Costo Mensual
por cargos

600,000
600,000
1,200,000
700,000
780,000
70,000
200,000
200,000
250,000

15,900
15,900
31,800
18,550
20,670
1,855
5,300
5,300
6,625

18,000
18,000
36,000
21,000
23,400
2,100
6,000
6,000
7,500

633,900
633,900
1,267,800
739,550
824,070
73,955
211,300
211,300
264,125

4,600,000

121,900

138,000

4,859,900

Costo Anual de Recursos Humanos

58,318,800