PANELITAS OFELIA

Aporte Social 25,000,000

Préstamos 100,000,000
Interés Pmo E.A 7.2% 0.60% N.M
Cuotas 96
Inflación Mes Capital
PIB 0
CMV 30% 1 $1,373,345.90
Utilidad 70% 2 $1,373,345.90
Operario x cada 70,000,000 3 $1,373,345.90
Admistrador 4 $1,373,345.90
Vendedores 5 $1,373,345.90
CIF 10% 6 $1,373,345.90
Gastos Admon 10% 7 $1,373,345.90
Incrementos Salariale 6.5% 8 $1,373,345.90
Tasa impositiva 28% 9 $1,373,345.90
10 $1,373,345.90
11 $1,373,345.90
12 $1,373,345.90
13 $1,373,345.90
14 $1,373,345.90
15 $1,373,345.90
16 $1,373,345.90
17 $1,373,345.90
18 $1,373,345.90
19 $1,373,345.90
20 $1,373,345.90
21 $1,373,345.90
22 $1,373,345.90
23 $1,373,345.90
24 $1,373,345.90
25 $1,373,345.90
26 $1,373,345.90
27 $1,373,345.90
28 $1,373,345.90
29 $1,373,345.90
30 $1,373,345.90
31 $1,373,345.90
32 $1,373,345.90
33 $1,373,345.90
34 $1,373,345.90
35 $1,373,345.90
36 $1,373,345.90
37 $1,373,345.90
38 $1,373,345.90
39 $1,373,345.90
40 $1,373,345.90
41 $1,373,345.90
42 $1,373,345.90
43 $1,373,345.90
44 $1,373,345.90
45 $1,373,345.90
46 $1,373,345.90
47 $1,373,345.90
48 $1,373,345.90
49 $1,373,345.90
50 $1,373,345.90
51 $1,373,345.90
52 $1,373,345.90
53 $1,373,345.90
54 $1,373,345.90
55 $1,373,345.90
56 $1,373,345.90
57 $1,373,345.90
58 $1,373,345.90
59 $1,373,345.90
60 $1,373,345.90
61 $1,373,345.90
62 $1,373,345.90
63 $1,373,345.90
64 $1,373,345.90
65 $1,373,345.90
66 $1,373,345.90
67 $1,373,345.90
68 $1,373,345.90
69 $1,373,345.90
70 $1,373,345.90
71 $1,373,345.90
72 $1,373,345.90
73 $1,373,345.90
74 $1,373,345.90
75 $1,373,345.90
76 $1,373,345.90
77 $1,373,345.90
78 $1,373,345.90
79 $1,373,345.90
80 $1,373,345.90
81 $1,373,345.90
82 $1,373,345.90
83 $1,373,345.90
84 $1,373,345.90
85 $1,373,345.90
86 $1,373,345.90
87 $1,373,345.90
88 $1,373,345.90
89 $1,373,345.90
90 $1,373,345.90
91 $1,373,345.90
92 $1,373,345.90
93 $1,373,345.90
94 $1,373,345.90
95 $1,373,345.90
96 $1,373,345.90
Intereses cuota Saldo
100,000,000
$600,000.00 $1,973,345.90 98,026,654.10
$595,359.92 $1,968,705.82 96,057,948.29
$590,692.01 $1,964,037.90 94,093,910.38
$585,996.09 $1,959,341.98 92,134,568.40
$581,271.99 $1,954,617.88 90,179,950.52
$576,519.54 $1,949,865.44 88,230,085.08
$571,738.59 $1,945,084.48 86,285,000.60
$566,928.94 $1,940,274.84 84,344,725.76
$562,090.44 $1,935,436.33 82,409,289.43
$557,222.91 $1,930,568.80 80,478,720.63
$552,326.17 $1,925,672.06 78,553,048.56
$547,400.05 $1,920,745.95 76,632,302.62
$542,444.38 $1,915,790.27 74,716,512.35
$537,458.97 $1,910,804.86 72,805,707.49
$532,443.64 $1,905,789.54 70,899,917.95
$527,398.23 $1,900,744.13 68,999,173.82
$522,322.55 $1,895,668.44 67,103,505.38
$517,216.41 $1,890,562.30 65,212,943.08
$512,079.63 $1,885,425.52 63,327,517.56
$506,912.03 $1,880,257.93 61,447,259.63
$501,713.43 $1,875,059.32 59,572,200.31
$496,483.63 $1,869,829.53 57,702,370.78
$491,222.46 $1,864,568.35 55,837,802.43
$485,929.72 $1,859,275.61 53,978,526.81
$480,605.22 $1,853,951.12 52,124,575.70
$475,248.78 $1,848,594.67 50,275,981.02
$469,860.19 $1,843,206.09 48,432,774.94
$464,439.28 $1,837,785.18 46,594,989.76
$458,985.84 $1,832,331.74 44,762,658.02
$453,499.68 $1,826,845.58 42,935,812.45
$447,980.60 $1,821,326.50 41,114,485.95
$442,428.41 $1,815,774.31 39,298,711.64
$436,842.91 $1,810,188.80 37,488,522.84
$431,223.89 $1,804,569.78 35,683,953.06
$425,571.16 $1,798,917.05 33,885,036.01
$419,884.51 $1,793,230.40 32,091,805.60
$414,163.74 $1,787,509.63 30,304,295.97
$408,408.65 $1,781,754.54 28,522,541.43
$402,619.02 $1,775,964.92 26,746,576.51
$396,794.66 $1,770,140.56 24,976,435.95
$390,935.35 $1,764,281.25 23,212,154.70
$385,040.89 $1,758,386.79 21,453,767.92
$379,111.06 $1,752,456.96 19,701,310.96
$373,145.65 $1,746,491.55 17,954,819.41
$367,144.45 $1,740,490.35 16,214,329.07
$361,107.24 $1,734,453.14 14,479,875.93
$355,033.81 $1,728,379.71 12,751,496.22
$348,923.94 $1,722,269.83 11,029,226.39
$342,777.41 $1,716,123.30 9,313,103.09
$336,594.00 $1,709,939.89 7,603,163.20
$330,373.48 $1,703,719.38 5,899,443.82
$324,115.65 $1,697,461.54 4,201,982.28
$317,820.27 $1,691,166.16 2,510,816.11
$311,487.11 $1,684,833.01 825,983.10
$305,115.96 $1,678,461.86 - 852,478.75
$298,706.58 $1,672,052.48 - 2,524,531.23
$292,258.75 $1,665,604.64 - 4,190,135.87
$285,772.22 $1,659,118.12 - 5,849,253.99
$279,246.78 $1,652,592.68 - 7,501,846.66
$272,682.19 $1,646,028.08 - 9,147,874.75
$266,078.20 $1,639,424.10 - 10,787,298.84
$259,434.60 $1,632,780.49 - 12,420,079.34
$252,751.13 $1,626,097.03 - 14,046,176.36
$246,027.56 $1,619,373.46 - 15,665,549.82
$239,263.65 $1,612,609.55 - 17,278,159.37
$232,459.16 $1,605,805.05 - 18,883,964.42
$225,613.84 $1,598,959.73 - 20,482,924.15
$218,727.45 $1,592,073.34 - 22,074,997.49
$211,799.73 $1,585,145.63 - 23,660,143.12
$204,830.46 $1,578,176.35 - 25,238,319.47
$197,819.36 $1,571,165.26 - 26,809,484.73
$190,766.21 $1,564,112.10 - 28,373,596.84
$183,670.73 $1,557,016.62 - 29,930,613.46
$176,532.68 $1,549,878.57 - 31,480,492.03
$169,351.80 $1,542,697.69 - 33,023,189.72
$162,127.83 $1,535,473.73 - 34,558,663.45
$154,860.52 $1,528,206.42 - 36,086,869.87
$147,549.61 $1,520,895.51 - 37,607,765.38
$140,194.83 $1,513,540.73 - 39,121,306.11
$132,795.93 $1,506,141.82 - 40,627,447.93
$125,352.63 $1,498,698.52 - 42,126,146.45
$117,864.67 $1,491,210.56 - 43,617,357.02
$110,331.78 $1,483,677.68 - 45,101,034.69
$102,753.70 $1,476,099.59 - 46,577,134.29
$95,130.14 $1,468,476.04 - 48,045,610.32
$87,460.85 $1,460,806.74 - 49,506,417.07
$79,745.54 $1,453,091.43 - 50,959,508.50
$71,983.94 $1,445,329.83 - 52,404,838.33
$64,175.76 $1,437,521.66 - 53,842,359.99
$56,320.74 $1,429,666.64 - 55,272,026.63
$48,418.59 $1,421,764.49 - 56,693,791.12
$40,469.03 $1,413,814.92 - 58,107,606.04
$32,471.77 $1,405,817.66 - 59,513,423.71
$24,426.52 $1,397,772.42 - 60,911,196.13
$16,333.01 $1,389,678.90 - 62,300,875.03
$8,190.93 $1,381,536.82 - 63,682,411.85
 2015 2016

Inventario inicial de materias primas $ - $ 5,000,000

Compras brutas $ 135,869,565 $ 141,063,451

(-) Devoluciones y descuentos $ 10,869,565 $ 11,285,076
Compras netas $ 125,000,000 $ 129,778,375

(-) Inventario final de materias prima $ 5,000,000 $ 5,391,135

Materias primas utilizadas $ 120,000,000 $ 129,387,240

Mano de obra directa $ 76,000,000 $ 97,128,000

Servicios $ 8,500,000 $ 9,350,000

Depreciación de planta y equipo $ 9,000,000 $ 9,000,000
Seguros e impuestos distintos a los de renta $ 3,200,000 $ 3,520,000
Otros costos de fabricación $ 5,800,000 $ 6,380,000
Total costos indirectos de fabricación $ 26,500,000 $ 28,250,000

Total costo de fabricación $ 222,500,000 $ 254,765,240

(+) Inventario inicial de productos en proceso $ - $ -

(-) Inventario final de productos en proceso $ - $ -
Costo de producción $ 222,500,000 $ 254,765,240

(+) Inventario inicial de productos terminados $ - $ 4,836,957

(-) Inventario final de productos terminados $ 4,836,957 $ 5,643,526
Costo de ventas $ 217,663,043 $ 253,958,671
 2017 2018 2019 2020

$ 5,391,135

$ 149,240,681
$ 11,939,254
$ 137,301,426

$ 5,707,702
$ 136,984,859

$ 103,441,320

$ 10,285,000
$ 9,000,000
$ 3,872,000
$ 7,018,000
$ 30,175,000

$ 270,601,179

$ -
$ -
$ 270,601,179

$ 5,643,526
$ 6,005,320
$ 270,239,385
2021 2022
 2015 2016

Ventas netas $ 400,000,000 $ 431,290,800

(-) Costo de ventas $ 217,663,043 $ 253,958,671
Utilidad bruta $ 182,336,957 $ 177,332,129

Gastos de administración
Arrendamientos $ 8,400,000 $ 9,240,000
Sueldos de administración $ 30,400,000 $ 33,440,000
Depreciaciones $ 4,000,000 $ 4,000,000
Gastos generales de administración $ 6,000,000 $ 6,600,000
Sueldos de ventas $ 38,000,000 $ 41,800,000
Propaganda y otros gastos $ - $ -
(-) Total gastos generales de administración $ 86,800,000 $ 95,080,000
Utilidad de operación $ 95,536,957 $ 82,252,129

(-) Gastos financieros $ 6,906,685 $ 6,209,955

(+) Otros ingresos $ 4,767,884 $ 10,529,226

Utilidad antes de impuesto sobre la renta $ 93,398,155 $ 86,571,400

(-) Provisión para impuesto sobre la renta $ 26,151,484 $ 24,239,992

Utilidad neta $ 67,246,672 $ 62,331,408

(+) Depreciación $ 4,000,000 $ 4,000,000

(+) Gastos Financieros $ 6,906,685 $ 6,209,955

Flujo de caja bruto $ 78,153,357 $ 72,541,363

KTNO $ 34,583,333 $ 37,705,350

Var KTNO $ 34,583,333 $ 3,122,017
CAPEX $ 130,000,000 $ -

Flujo de Caja Libre -$ 86,429,976 $ 69,419,346

 2017 2018 2019 2020 2021

$ 456,616,196
$ 270,239,385
$ 186,376,811

$ 10,164,000
$ 36,784,000
$ 4,000,000
$ 7,260,000
$ 45,980,000
$ -
$ 104,188,000
$ 82,188,811

$ 5,463,061
$ 17,323,984

$ 94,049,734

$ 26,333,925
$ 67,715,808

$ 4,000,000
$ 5,463,061

$ 77,178,869

$ 39,927,537
$ 2,222,186
$ -

$ 74,956,683
2022
 2015 2016

ENTRADAS DE EFECTIVO
Ventas $ 377,777,778 $ 407,330,200
Recuperación de cartera $ - $ 22,222,222
Recuperación inversiones temporales $ 47,678,840
Préstamos bancarios a L.P. $ 100,000,000
Préstamos bancarios a C.P. $ - $ -
Rendimiento de inversiones temporales $ 4,767,884 $ 10,529,226
Total entradas de efectivo $ 482,545,662 $ 487,760,489

SALIDAS DE EFECTIVO
Compras de mercancías $ 114,583,333 $ 118,963,510
Mano de Obra Directa $ 72,000,000 $ 93,128,000
CIF $ 17,500,000 $ 19,250,000
Pago a proveedores $ - $ 10,416,667
Arrendamientos $ 8,400,000 $ 9,240,000
Sueldos de administración $ 28,800,000 $ 31,736,000
Gastos generales de administración $ 6,000,000 $ 6,600,000
Sueldos de ventas $ 36,000,000 $ 39,670,000
Propaganda y otros gastos $ - $ -
Gastos financieros LP $ 6,906,685 $ 6,209,955
Gastos financieros CP $ - $ -
Compras de maquinaria $ -
Compras de muebles y enseres $ 130,000,000
Amortizaciones de obligaciones bancarias a L.P. $ 9,676,803 $ 10,373,533
Pago de obligaciones bancarias a C.P. $ -
Pago de impuesto de renta $ 26,151,484
Pago de cesantías $ 7,600,000
Compra de inversiones temporales $ 47,678,840 $ 105,292,260
Total salidas de efectivo $ 477,545,662 $ 484,631,409

Flujo neto del período $ 5,000,000 $ 3,129,080

Más: Saldo inicial de caja $ 35,000,000 $ 40,000,000
SALDO FINAL DE CAJA $ 40,000,000 $ 43,129,080
 2017 2018 2019 2020 2021

$ 431,248,629
$ 23,960,600
$ 105,292,260

$ -
$ 17,323,984
$ 577,825,473

$ 125,859,641
$ 99,441,320
$ 21,175,000
$ 10,814,865
$ 10,164,000
$ 34,969,240
$ 7,260,000
$ 43,711,550
$ -
$ 5,463,061
$ -

$ 11,120,427
$ -
$ 24,239,992
$ 7,834,000
$ 173,239,838
$ 575,292,934

$ 2,532,540
$ 43,129,080
$ 45,661,620
2022
 2015 2016

Caja y bancos $ 40,000,000 $ 43,129,080

Inversiones temporales $ 47,678,840 $ 105,292,260
Deudores $ 22,222,222 $ 23,960,600
Producto terminado $ 4,836,957 $ 5,643,526
Materias primas y materiales $ 5,000,000 $ 5,391,135
Total activo corriente $ 119,738,019 $ 183,416,601

Muebles y enseres y maquinaria $ 40,000,000 $ 40,000,000

Maquinaria $ 90,000,000 $ 90,000,000
(-) Depreciación acumulada $ 13,000,000 $ 26,000,000
Total activo fijo $ 117,000,000 $ 104,000,000

TOTAL ACTIVO $ 236,738,019 $ 287,416,601

Obligaciones bancarias a C.P. $ - $ -

Obligaciones bancarias a L. P. $ 90,323,197 $ 79,949,664
Proveedores $ 10,416,667 $ 10,814,865
Cesantías causadas por pagar $ 7,600,000 $ 7,834,000
Impuesto de renta por pagar $ 26,151,484 $ 24,239,992
Total pasivo $ 134,491,347 $ 122,838,521

Capital $ 25,000,000 $ 35,000,000

Reserva legal $ 6,724,667
Utilidades retenidas $ 60,522,005
Utilidad del ejercicio $ 67,246,672 $ 62,331,408
Total patrimonio $ 102,246,672 $ 164,578,080

TOTAI. PASIVO Y PATRIMONIO $ 236,738,019 $ 287,416,601

 2017 2018 2019 2020 2021

$ 45,661,620
$ 173,239,838
$ 25,367,566
$ 6,005,320
$ 5,707,702
$ 255,982,046

$ 40,000,000
$ 90,000,000
$ 39,000,000
$ 91,000,000

$ 346,982,046

$ -
$ 68,829,237
$ 11,441,786
$ 8,083,210
$ 26,333,925
$ 114,688,158

$ 35,000,000
$ 12,957,808
$ 116,620,272
$ 67,715,808
$ 232,293,888

$ 346,982,046
2022