Quadro de Investimento

ANO 1

ANO 2

1. Construo

200,000

50

2%

4,000

2. Equipamento e Mobilirio

100,000

10

10%

10,000

5,000

20%

1,000

4. Equipamento Elctrico

10,000

20%

2,000

5. Viaturas de Transporte

25,000

25%

6,250

6. Marketing

5,000

20%

1,000

7. Fundo de Maneio

5,000

20%

1,000

3. Ar Condicionado

TOTAL

350,000

25,250

ESTRUTURA DE
CAPITAIS
Valor

Investimento Total e Necessidades de

Tesourraia

350,000

100%

Financiamento Bancrio m.l.p

262,500

75%

87,500

25%

Capitais Prpios

Ano

Financiamento Funcionamento

1
2
3
4
5
TOTAL

Total

1,200
1,200
1,200
1,200
1,200

1,200
1,200
1,200
1,200
1,200

6,000

6,000

ANO 1
1. Construo

Plano de Amortizao
Periodo
Taxa
Amortizao
Vida til Amortizao
Anual

200,000

50

2%

4,000

100,000

10

10%

10,000

5,000

20%

1,000

5. Equipamento Elctrico

10,000

20%

2,000

6. Viaturas de Transporte

25,000

20%

5,000

7. Marketing

5,000

20%

1,000

8. Fundo de Maneio

5,000

2.

Equipamento Hoteleiro e
Mobilirio

3. Ar Condicionado

TOTAL

350,000

23,000

Descrio

Ano 1

Ano 2

Ano 3

Ano 4

VENDAS/SERVIOS
PRESTADOS
Vendas

500,000

500,000

500,000

500,000

Total de Receitas

500,000

500,000

500,000

500,000

250,000

250,000

250,000

250,000

Fornecimentos e
Servios Externos

24,000

24,000

24,000

24,000

Custos com o
Pessoal

84,240

84,240

84,240

84,240

55,293

55,241

55,183

55,117

29,306

24,136

18,311

11,747

1,200

1,200

1,200

1,200

23,000

23,000

23,000

23,000

467,039

461,818

455,934

449,304

32,961

38,182

44,066

50,696

Imposto Industrial
(30%)

9,888

11,455

13,220

15,209

Resultado Liquido

23,072

26,728

30,846

35,487

Meios Libertos
Liquidos

75,379

73,864

72,157

70,234

Meios Libertos
Liquidos Acumulado

75,379

149,243

221,400

291,634

Meios Libertos
Brutos

86,467

86,519

86,577

86,643

CUSTOS
CEVC

Impostos
Custos Financeiros
de Financiamento
Custos Financeiros
de Funcionamento
Amortizao do
Imoblizado
Total de Custos
Resulatdo Antes de
Impostos

Ano 5

500,000
500,000
250,000
24,000
84,240
55,043
4,350
1,200
23,000
441,833
58,167
17,450
40,717
68,066
359,700
86,717

Descrio

Ano 1

Ano 2

Ano 3

Ano 4

OUT-FLOWS
Investimento em
Imobilizado

345,000

Investimento em
Fundo de Maneio

5,000
350,000

75,379

73,864

72,157

70,234

75,379

73,864

72,157

70,234

Cash-Flow do
Investimento (2-1)

-274,621

73,864

72,157

70,234

Cash-Flow
Acumulado

-274,621

-200,757

-128,600

-58,366

1 Total
IN-FLOWS
Meios Libertos
Recuperao Valor
Residual
2 Total

Ano 5

0
68,066
180,000
248,066
248,066
189,700

Anos Amortizao do imvel:

Capital

3,000,000

MS

CI
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

Renda
Juro
262,500
5,839
259,286
5,839
256,040
5,839
252,761
5,839
249,449
5,839
246,105
5,839
242,726
5,839
239,314
5,839
235,868
5,839
232,388
5,839
228,873
5,839
225,322
5,839
221,736
5,839
218,115
5,839
214,456
5,839
210,762
5,839
207,030
5,839

Amort
CF
2,625
3,214
259,286
2,593
3,246
256,040
2,560
3,279
252,761
2,528
3,312
249,449
2,494
3,345
246,105
2,461
3,378
242,726
2,427
3,412
239,314
2,393
3,446
235,868
2,359
3,480
232,388
2,324
3,515
228,873
2,289
3,550
225,322
2,253
3,586
221,736
2,217
3,622
218,115
2,181
3,658
214,456
2,145
3,695
210,762
2,108
3,732
207,030
2,070
3,769
203,261

18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41

203,261
199,455
195,610
191,727
187,805
183,844
179,843
175,803
171,722
167,600
163,437
159,232
154,985
150,696
146,363
141,988
137,568
133,105
128,597
124,044
119,445
114,800
110,109
105,371

2,033
1,995
1,956
1,917
1,878
1,838
1,798
1,758
1,717
1,676
1,634
1,592
1,550
1,507
1,464
1,420
1,376
1,331
1,286
1,240
1,194
1,148
1,101
1,054

5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839

3,807
3,845
3,883
3,922
3,961
4,001
4,041
4,081
4,122
4,163
4,205
4,247
4,289
4,332
4,376
4,419
4,463
4,508
4,553
4,599
4,645
4,691
4,738
4,785

199,455
195,610
191,727
187,805
183,844
179,843
175,803
171,722
167,600
163,437
159,232
154,985
150,696
146,363
141,988
137,568
133,105
128,597
124,044
119,445
114,800
110,109
105,371
100,586

Renda

70,070

70,070

70,070

42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60

100,586
95,752
90,871
85,940
80,960
75,931
70,851
65,720
60,538
55,305
50,018
44,679
39,287
33,841
28,340
22,784
17,173
11,505
5,781

5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839
5,839

1,006
958
909
859
810
759
709
657
605
553
500
447
393
338
283
228
172
115
58
87,850

4,833
4,882
4,930
4,980
5,030
5,080
5,131
5,182
5,234
5,286
5,339
5,392
5,446
5,501
5,556
5,611
5,667
5,724
5,781
262,500

95,752
90,871
85,940
80,960
75,931
70,851
65,720
60,538
55,305
50,018
44,679
39,287
33,841
28,340
22,784
17,173
11,505
5,781
0

70,070

70,070

Juro

Juro
Amortizao Capital
Periodo

0.12
262,500
60
1+i

29,306

40,764

24,136

45,934

18,311

51,759

(1+i)-n
1-(1+i)-n (1+i)-n/i
1.01 0.55045 0.44955 44.95504

11,747

58,323

4,350

65,720

Renda
5839.168

Ano

Prestao

Juro

Amortizao

1
2
3
4
5

70,070
70,070
70,070
70,070
70,070

29,306
24,136
18,311
11,747
4,350

40,764
45,934
51,759
58,323
65,720

TOTAIS

350,350

87,850

262,500

Ano

Meios
Libertos

Servio da
Dvida

Saldo Anual

1
2
3
4
5

75,379
73,864
72,157
70,234
68,066

70,070
70,070
70,070
70,070
70,070

5,309
3,794
2,087
164
-2,004

TOTAIS

359,700

350,350

9,350

Saldo
3,000,000
2,959,236
2,913,303
2,861,544
2,803,220

Saldo
Acumulado
5,309
9,103
11,190
11,354
9,350

Descrio

Ano 1

Ano 2

Ano 3

Ano 4

ORIGEM DE FUNDOS
Capitais Prprios
Emprstimos m/l prazo
Meios libertos brutos
Total

87,500
262,500
86,467

86,519

86,577

86,643

436,467

86,519

86,577

86,643

APLICAO DE FUNDOS
Investimento em imobilizado
Investimento em Fundo de
Maneio

345,000
5,000

Reembolso de emprstimo de
m.l.p

40,764

45,934

51,759

58,323

Encargos Financeiros de
Financiamento

29,306

24,136

18,311

11,747

Encargos Financeiros de
Funcionamento

1,200

1,200

1,200

1,200

Imposto Sobre Lucros

9,888

11,455

13,220

15,209

431,158

82,725

84,490

86,479

Saldo de Tesouraria Anual

5,309

3,794

2,087

164

Saldo de Tesouraria
Acumulado

5,309

9,103

11,190

11,354

Total

Ano 5

86,717
86,717

65,720
4,350
1,200
17,450
88,720
-2,004
9,350

Ano
1
2
3
4
5
TOTAIS

Cash-Flow
a)

b)

425,379
73,864
72,157
70,234
248,066

Factor
Actualizao
1
0.8333
0.6944
0.5787
0.4823

889,700

Cash-Flow
Actualizado
425,379
61,553
50,109
40,645
119,631
697,317

a) Cash-Flow de Explorao do ano 1

Investimento Ano 1

75,379
350,000
425,379

b) Cash-Flow de Explorao do ano 5

Recuperao do Valor Residual

68,066
180,000
248,066

Taxa de actualizao: 15%

TIR: