Documente Academic
Documente Profesional
Documente Cultură
EXPLICATII 1 2
valori nominale
Venituri din vanzari de marfuri 1,000,000 25
Venituri din vanzarea produselor i serviciilor 600,000 5
Alte venituri din exploatare 100,000 10
Adaos comercial practicat(%) 60 60
Fond de salarii direct productive 150,000 2
Reclama si publicitate 50,000 10
Taxe si impozite indirecte 500 0
Venituri financiare 8,000 10,000
Alte cheltuieli financiare n afara dobanzilor la
credit 15,000 10,000
Cota de impozit pe profit 16% 16%
Coeficient de repartizare dividende 0%
Materi prime, materiale consumabile, obiecte de
inventar (%CA) 25
Energie electrica (%CA) 12
Creditului
Detalii
Detalii
Amortizarea Amortizare Amortizare
intrarilor totala cumulat
2,000 2,000 2,000
2,000 2,000
2,000 4,000
250 2,250 6,250
2,250 8,500
50,000 52,250 60,750
1,000 53,250 114,000
53,250 167,250
53,250 220,500
53,250 273,750
53,250 327,000
53,250 380,250
53,250 433,500
53,250 435,500 433,500
435,500 869,000
435,500 1,304,500
25,000 460,500 1,765,000
32,000 492,500 2,257,500
Detalii
ANUL N
3 4 5 6 7 8 9 10
0 0 10 0 0 0 0 10
3 4 0 10 4 0 12 0
0 0 0 0 0 10 0 0
60 50 60 60 60 60 100 150
0 0 0 2 0 0 0 2
0 0 0 10 0 0 0 0
1,000 0 0 2,000 0 0 0 0
2,000 0 0 0 1,500 0 0 0
0 0 0 25,000 0 0 0 0
16% 16% 16% 16% 16% 16% 16% 16%
Detalii
N+3 N+4
9 5
2 2
1 1
60 60
0 0
0 0
0 0
0 0
0 0
0 0
50,000 0
12,000 0
16% 16%
0% 100%
Detalii
3 4 5 6 7 8 9 10
25,000 0 0 0 0 0 0 0
Detalii
N+3 N+4
20% 25%
30% 35%
0 0
0 0
Detalii
Aplicaiei
11 12
41 0
0 0
0 0
100 100
0 0
0 15
0 0
0 0
0 0
16% 16%
15%
11 12
0 0
B94: Se vor introduce nominal
C149: Aport sub forma de capital de lucru la capitalul social (se vor introduce valori nominale)
C150: Valoare preconizata stocuri la sfarsitul primei luni (se vor introduce valori nominale)
C151: Creante- clienti in prima luna (se vor introduce valori nominale)
C152: Valoare alte active curente in prima luna (se vor introduce valori nominale)
C153: Dispopnibil la inceputul perioadei (01.01.N; se vor introduce valori nominale)
C155: Datorii -furnizori in prima luna (se vor introduce valori nominale)
C156: Alte pasive curente in prima luna (se vor introduce valori nominale)
O147: TOTAL
O148: TOTAL
PLAN DE RAMBURSARE
EXPLICATII LUNA 1 2 3
1. Vanzari de marfuri 1,000,000 1,250,000 1,250,000
Venituri din vnzarea produse sau
2. servicii 600,000 630,000 648,900
3. Cifra de afaceri (1+2) 1,600,000 1,880,000 1,898,900
4 Alte venituri din exploatare 100,000 110,000 110,000
5 Total venituri din exploatare (3+4) 1,700,000 1,990,000 2,008,900
6 Costul marfurilor vandute 625,000 781,250 781,250
Cheltuieli cu materiile prime, materiale,
7 energie, combustibil 222,000 233,100 240,093
8 Lucrari si servicii executate de terti 264,500 305,900 308,357
9 Impozite si varsaminte asimilate 500 0 1,000
repartizari dividende 0 0 0
4 5 6 7 8 9 10 11
1,250,000 1,375,000 1,375,000 1,375,000 1,375,000 1,375,000 1,512,500 2,132,625
0 0 0 0 0 0 0 0
ada N - N+4
N+3 N+4
20,913,320 21,958,986
9,523,007 9,713,467
30,436,327 31,672,453
1,406,361 1,420,424
31,842,688 33,092,877
13,070,825 13,724,366
3,523,513 3,593,983
4,737,297 4,897,994
3,500 3,500
2,343,784 2,343,784
890,638 890,638
3,234,421 3,234,421
460,500 492,500
25,030,056 25,946,764
6,812,631 7,146,113
50,000 0
12,000 0
38,000 0
6,850,631 7,146,113
31,892,688 33,092,877
25,042,056 25,946,764
6,850,631 7,146,113
1,096,101 1,143,378
5,754,530 6,002,735
12 TOTAL
2,132,625 17,402,750
864,679 8,973,742
2,997,304 26,376,492
121,000 1,365,000
3,118,304 27,741,492
1,066,313 9,883,458
319,931 3,320,285
465,725 4,209,519
0 3,500
199,181 2,343,784
75,689 890,638
274,870 3,234,421
53,250 433,500
2,180,089 21,084,683
938,216 6,656,809
0 21,500
78,125 1,128,125
-78,125 -1,106,625
860,091 5,550,184
3,118,304 27,762,992
2,258,214 22,212,808
860,091 5,550,184
137,615 888,029
722,476 4,662,154
699,323 699,323
COSTURILE DE EXPLOATARE
DETALIERE 1 2 3 4
I. Costuri de productie (Directe) 1,054,000 1,225,490 1,232,483 1,294,170
Costul marfurilor vandute 625,000 781,250 781,250 833,333
Materii prime, materiale
consumabile, obiecte de inventar 150,000 157,500 162,225 168,714
Energie electrica si termica 72,000 75,600 77,868 80,983
Salarii direct productive 150,000 153,000 153,000 153,000
Asigurari sociale 57,000 58,140 58,140 58,140
II. Costuri indirecte variabile 258,000 299,400 301,857 305,231
Servicii de reparatii si intretinere 128,000 150,400 151,912 153,988
Alte servicii executate de terti 80,000 94,000 94,945 96,243
Reclama si publicitate 50,000 55,000 55,000 55,000
III. Costuri indirecte fixe 64,200 63,700 64,950 63,950
Amortizare indirect productiva 2,000 2,000 2,250 2,250
Costuri salariale personal indirect
productiv 55,200 55,200 55,200 55,200
Taxe postale si de telecomunicatii 5,000 5,000 5,000 5,000
Servicii bancare 1,500 1,500 1,500 1,500
Taxe si impozite indirecte 500 0 1,000 0
TOTAL CHELTUIELI DE
EXPLOATARE(I+II+III) 1,376,200 1,588,590 1,599,290 1,663,351
Costuri de Exploatare Anuale pentru perioada N - N+4
5 6 7 8 9 10 11 12 N
1,320,212 1,349,404 1,360,391 1,360,391 1,222,794 1,144,601 1,605,914 1,605,914 15,775,764
859,375 859,375 859,375 859,375 687,500 605,000 1,066,313 1,066,313 9,883,458
N+4
19,890,370
13,724,366
2,428,367
1,165,616
1,863,784
708,238
4,819,994
2,533,796
1,583,623
702,575
1,236,400
492,500
662,400
60,000
18,000
3,500
25,946,764
0
Situaia Patrimoni
EXPLICATII 1 2 3 4
ACTIVE
Active fixe
Active brute 10,000,000 10,000,000 10,015,000 10,015,000
Amortizari aferente 2,000 4,000 6,250 8,500
ACTIVE FIXE NETE 9,998,000 9,996,000 10,008,750 10,006,500
Active curente
Stocuri 350,000 411,250 415,384 421,062
Creante-clienti 250,000 293,750 296,703 300,759
Alte active curente 56,000 65,800 66,462 67,370
Numerar utilizabil 7,416,050 7,630,785 7,957,300 8,096,596
TOTAL ACTIVE CURENTE 8,072,050 8,401,585 8,735,849 8,885,787
TOTAL ACTIVE 18,070,050 18,397,585 18,744,599 18,892,287
PASIVE
Capital
Capital social 10,162,000 10,162,000 10,187,000 10,187,000
Rezultatul exercitiului 187,362 445,796 712,799 946,113
- Repartizarea profitului
la dividende 0 0 0 0
- Repartizarea profitului la
rezerve 0 0 0 0
Rezerve 0 0 0 0
TOTAL CAPITAL 10,349,362 10,607,796 10,899,799 11,133,113
Datorii pe termen mediu si
lung
Datorii strainatate
Datorii in tara 7,500,000 7,500,000 7,500,000 7,500,000
TOTAL DATORII PE TERMEN
MEDIU SI LUNG 7,500,000 7,500,000 7,500,000 7,500,000
Pasive curente
Furnizori si conturi asimilate 100,000 105,000 108,150 112,476
Impozit pe profit 35,688 84,914 135,771 44,441
Dividende datorate 0 0 0 0
Alte pasive curente 85,000 99,875 100,879 102,258
TOTAL PASIVE CURENTE 220,688 289,789 344,800 259,175
TOTAL PASIVE 18,070,050 18,397,585 18,744,599 18,892,287
Verificare 0 0 0 0
Bilan Previzionat pentru perioada N - N+4
Anul
N N+1 N+2 N+3
ACTIVE
Active fixe
Pozitia 17,567,000 17,567,000 17,567,000 20,867,000
Active brute
Amortizari aferente 433,500 869,000 1,304,500 1,765,000
ACTIVE FIXE NETE 17,133,500 16,698,000 16,262,500 19,102,000
Active curente
Stocuri 655,660 499,955 519,947 554,829
Creante-clienti 468,329 214,266 297,113 317,045
Alte active curente 104,906 959,914 998,298 1,065,271
Numerar utilizabil 3,191,841 3,633,116 4,752,732 3,791,602
TOTAL ACTIVE CURENTE 4,420,736 5,307,251 6,568,090 5,728,747
TOTAL ACTIVE 21,554,236 22,005,251 22,830,590 24,830,747
PASIVE
Capital
Capital social 10,187,000 10,187,000 9,937,000 9,937,000
Rezultatul exercitiului 4,662,154 4,446,010 5,097,566 5,754,530
- Repartizarea profitului
la dividende 699,323 1,111,503 3,823,175 0
- Repartizarea profitului la
rezerve/ acop. pierd. ant. 3,962,831 3,334,508 1,274,392 5,754,530
Rezerve 3,962,831 7,297,339 8,571,731 14,326,261
TOTAL CAPITAL 14,149,831 17,484,339 18,508,731 24,263,261
Datorii pe termen mediu si
lung
Datorii strainatate 0 0 0 0
Datorii in tara 6,000,000 3,000,000 0 0
TOTAL DATORII PE TERMEN
MEDIU SI LUNG 6,000,000 3,000,000 0 0
Pasive curente
Furnizori si conturi asimilate 144,113 76,277 129,671 158,717
Impozit pe profit 401,736 211,715 242,741 274,025
Dividende datorate 699,323 1,111,503 3,823,175 0
Alte pasive curente 159,232 121,418 126,273 134,744
TOTAL PASIVE CURENTE 1,404,404 1,520,912 4,321,859 567,486
TOTAL PASIVE 21,554,236 22,005,251 22,830,590 24,830,747
Verificare 0 0 0 0
BILAN PREVIZIONAT
5 6 7 8 9 10
0 0 0 0 0 0
0 0 0 0 0 0
0 0 0 0 0 0
11,393,902 11,651,347 11,945,204 12,249,666 12,740,039 13,399,204
23,617,000
2,257,500
21,359,500
577,362
412,402
1,108,536
7,423,130
9,521,430
30,880,930
9,937,000
6,002,735
6,002,735
0
14,326,261
24,263,261
0
0
188,873
285,845
6,002,735
140,217
6,617,669
30,880,930
0
11 12 TOTAL
0 699,323 699,323
0 3,962,831 3,962,831
0 3,962,831 3,962,831
14,126,678 14,149,831 14,149,831
848,570 1,743,271
4 5 6 7 8 9
233,046 411,854 465,647 346,530 506,330 706,905
371,505 404,213 425,233 442,080 453,080 671,277
0 -7,500,000 -52,000 0 0 0
0 7,500,000 52,000 0 0 0
0 0 0 0 0 0
6,124,045 6,381,528
6,812,631 7,146,113
460,500 492,500
1,064,817 1,131,559
-84,270 -125,526
-3,300,000 -2,750,000
3,300,000 2,750,000
-3,785,175 0
0 0
0 0
0 0
0 0
3,823,175 0
50,000 0
12,000 0
-961,130 3,631,528
4,752,732 3,791,602
3,791,602 7,423,130
2,862,045 3,631,528
12,000 0
3,039,332 5,550,184
10 11 12 TOTAL
665,905 779,234 991,466 5,728,466
869,095 947,291 938,216 6,656,809
0 0 0 -7,567,000
0 0 0 7,567,000
0 0 0 7,500,000
MARJA PROFITULUI DE
EXPLOATARE (%) 25.24 21.80 22.11
MARJA PROFITULUI NET(%) 17.68 16.21 17.87
RENTABILITATEA CAPITALULUI
PROPRIU (%) 32.95 25.43 27.54
RENTABILITATEA ACTIVELOR
TOTALE (%) 30.98 27.21 27.76
INDICATORI DE LICHIDITATE
LICHIDITATE GLOBALA
LICHIDITATEA IMEDIATA
INDATORAREA
RATA DATORIILOR
RATA DE SOLVABILITATE
INDICATORI DE GESTIUNE
INDICATORI DE RENTABILITATE
N+3 N+4
10.09 1.44
6.68 1.12
0.02 0.21
0.00 0.00
0.02 0.27
68.70 109.73
6.65 6.65
19.01 19.01
54.80 54.80
22.38 22.56
18.91 18.95
23.72 24.74
27.64 23.14
N+3 N+4
5,728,747 9,521,430
567,486 6,617,669
10 1
N+3 N+4
3,791,602 7,423,130
567,486 6,617,669
7 1
N+3 N+4
567,486 6,617,669
24,830,747 30,880,930
0.02 0.21
N+3 N+4
0 0
24,263,261 24,263,261
0 0
N+3 N+4
567,486 6,617,669
24,263,261 24,263,261
0.02 0.27
N+3 N+4
5,754,530 6,002,735
12,000 0
5,766,530 6,002,735
12,000 0
0 0
12,000 0
481 Serv. dat este nul
AFACERI (RAC)
N+3 N+4
5,728,747 9,521,430
30,436,327 31,672,453
365 365
69 110
N+3 N+4
554,829 577,362
30,436,327 31,672,453
365 365
6.65 6.65
N+3 N+4
317,045 412,402
6,087,265 7,918,113
365 365
19.01 19.01
N+3 N+4
158,717 188,873
1,057,054 1,257,894
365 365
54.80 54.80
N+3 N+4
6,812,631 7,146,113
30,436,327 31,672,453
22.38 22.56
N+3 N+4
5,754,530 6,002,735
30,436,327 31,672,453
18.91 18.95
N+3 N+4
5,754,530 6,002,735
24,263,261 24,263,261
23.72 24.74
N+3 N+4
6,862,631 7,146,113
24,830,747 30,880,930
27.64 23.14
Valoarea actualizat net
20,481,969
VAN
Cost total de Iesiri din Intrari din
Anul
investitie exploatare exploatare
N 7,567,000 23,141,151 27,762,992
N+1 0 24,674,156 28,814,754
N+2 0 24,464,131 29,945,250
N+3 3,300,000 25,730,643 31,892,688
N+4 2,750,000 26,711,349 33,092,877
N+5 25,946,764 33,092,877
N+6 25,946,764 33,092,877
N+7 25,946,764 33,092,877
N+8 25,946,764 33,092,877
N+9 25,946,764 33,092,877
Valoare reziduala
TOTAL 13,617,000 254,455,251 316,972,947
RIR
Cost total de Iesiri din Intrari din
Anul
investitie exploatare exploatare
N 7,567,000 23,141,151 27,762,992
N+1 0 24,674,156 28,814,754
N+2 0 24,464,131 29,945,250
N+3 3,300,000 25,730,643 31,892,688
N+4 2,750,000 26,711,349 33,092,877
N+5 0 25,946,764 33,092,877
N+6 0 25,946,764 33,092,877
N+7 0 25,946,764 33,092,877
N+8 0 25,946,764 33,092,877
N+9 0 25,946,764 33,092,877
Valoare reziduala
TOTAL 13,617,000 254,455,251 316,972,947
Rata de
Anul CF anual CF actualizat
TR actualizare
N 4,600,341 1.0000 4,600,341
N+1 4,130,598 0.8403 3,471,091
N+2 5,451,118 0.7062 3,849,388
N+3 6,112,045 0.5934 3,626,984
N+4 6,381,528 0.4987 3,182,269
N+5 6,381,528 0.4190 2,674,175
N+6 6,381,528 0.3521 2,247,206
N+7 6,381,528 0.2959 1,888,409
N+8 6,381,528 0.2487 1,586,898
N+9 6,381,528 0.2090 1,333,528
Proiectul de afacere este acceptabil !
0.19
Termen de
CF mediu
recuperare
2,846,029 2.66
Ratele de Lichiditate
12.00
10.09
10.00
8.00
6.68
6.00
LICHIDITATE GLOBALA
3.15 3.49 LICHIDITATEA IMEDIATA
4.00
2.27 2.39
1.52 1.44
2.00 1.10 1.12
0.00
N N+1 N+2 N+3 N+4
Ani
Rata Datoriilor
0.34
0.35
0.30
0.15
0.10
0.05 0.02
0.00
N N+1 N+2 N+3 N+4
Ani
N N+1 N+2 N+3 N+4
Ani
Rata de acoperire a capitalului
0.60 0.52
0.50
0.40
0.26 0.27
0.23
0.30
0.20
0.10 0.02
0.00
N N+1 N+2 N+3 N+4
Ani
Marja profitului din exploatare
26.00
25.24
25.00
24.00
23.00 22.56
22.38
22.11
21.80
22.00
21.00
20.00
N N+1 N+2 N+3 N+4
Ani
21.00
20.00
N N+1 N+2 N+3 N+4
Ani
Marja profitului net
18.91 18.95
19.00
18.50
17.87
17.68
18.00
17.50
17.00
16.21
16.50
16.00
15.50
15.00
14.50
N N+1 N+2 N+3 N+4
Ani
15.50
15.00
14.50
N N+1 N+2 N+3 N+4
Ani
Rentabilitatea capitalului propriu
32.95
35.00
27.54
30.00 25.43
23.72 24.74
25.00
20.00
15.00
10.00
5.00
0.00
N N+1 N+2 N+3 N+4
Ani
15.00
10.00
5.00
0.00
N N+1 N+2 N+3 N+4
Ani
Rentabilitatea activelor totale
35.00 30.98
27.21 27.76 27.64
30.00
23.14
25.00
20.00
15.00
10.00
5.00
0.00
N N+1 N+2 N+3 N+4
20.00
15.00
10.00
5.00
0.00
N N+1 N+2 N+3 N+4
Ani
N N+1 N+2 N+3 N+4
4,662,154 4,446,010 5,097,566 5,754,530 6,002,735
5,728,466 4,825,848 5,719,868 6,124,045 6,381,528
3,091,841 1,140,598 2,231,118 2,862,045 3,631,528
Evoluia comparativ a Profitului net, Cash Flow-ului din exploatare, i Cash Flow-ului net nainte de plata dividendelor
Profitul net
dividendelor
M
4,000,000
3,000,000
2,000,000
1,000,000
0
N N+1 N+2 N+3 N+4
6,000,000 Cash Flow net
nainte de plata
5,000,000
ii Lei
dividendelor
M
4,000,000
3,000,000
2,000,000
1,000,000
0
N N+1 N+2 N+3 N+4
Ani
Evoluia comparativ a Cifrei de Afaceri i a Rezultatului Net
31,672,453
30,436,327
28,522,813
27,426,104
26,376,492
35,000,000
30,000,000
Mii Lei
25,000,000
20,000,000
,002,735
754,530
97,566
15,000,000
62,154
Cifra de afaceri
46,010
Rezultatul net
10,000,000
35,000,000
3
26,376
30
27,42
28,5
30,000,000
Mii Lei
25,000,000
20,000,000
6,002,735
5,754,530
5,097,566
15,000,000
4,662,154
Cifra de afaceri
4,446,010
Rezultatul net
10,000,000
5,000,000
0
N N+1 N+2 N+3 N+4
Ani
6,381,528
6,124,045
Evoluia Cash Flow-ului din exploatare i a Serviciului datoriei
5,728,466
5,719,868
4,825,848
7,000,000
3,695,250
6,000,000
3,268,750
2,628,125
Mii Lei
5,000,000
4,000,000
Fluxul de numerar din
3,000,000 exploatare
Serviciul datoriei
6,3
5,728
5,719
4,825,84
7,000,000
6,1
3,695,250
6,000,000
3,268,750
2,628,125
Mii Lei
5,000,000
4,000,000
Fluxul de numerar din
exploatare
3,000,000
2,000,000 Serviciul datoriei
12,000
1,000,000
0
0
N N+1 N+2 N+3 N+4
Ani