Blades presup de capital 2
2
Blades, Inc Año 0 Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10 Inflacion anual 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% Devaluacion anual 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% Tipo de Cambio 0.0230000 0.0225400 0.0220892 0.0216474 0.0212145 0.0207902 0.0203744 0.0199669 0.0195675 0.0191762 0.0187927 Sin Inversión y sin Vta Adicional Ventas en Unidades (1) 180,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 Ventas en Unidades (2) - - - - - - - - - - Precio de Ventas (1) 4,594 5,600 6,272 7,025 7,868 8,812 9,869 11,053 12,380 13,865 Precio de Ventas (2) 5,000 5,600 6,272 7,025 7,868 8,812 9,869 11,053 12,380 13,865 Ventas Netas 826,920,000 28,000,000 31,360,000 35,123,200 39,337,984 44,058,542 49,345,567 55,267,035 61,899,079 69,326,969 Costo Variable Unitarios 3,800 4,256 4,767 5,339 5,979 6,697 7,501 8,401 9,409 10,538 Costos Variables totales 684,000,000 21,280,000 23,833,600 26,693,632 29,896,868 33,484,492 37,502,631 42,002,947 47,043,300 52,688,496 Costos/Gastos Fijos - - - - - - - - - - Depreciacion - - - - - - - - - - Costos y Gastos Totales 684,000,000 21,280,000 23,833,600 26,693,632 29,896,868 33,484,492 37,502,631 42,002,947 47,043,300 52,688,496 utilidades antes de Impuestos 142,920,000 6,720,000 7,526,400 8,429,568 9,441,116 10,574,050 11,842,936 13,264,088 14,855,779 16,638,473 Impuestos s/ la Renta 25% 35,730,000 1,680,000 1,881,600 2,107,392 2,360,279 2,643,513 2,960,734 3,316,022 3,713,945 4,159,618 utilidad despues de impuestos 107,190,000 5,040,000 5,644,800 6,322,176 7,080,837 7,930,538 8,882,202 9,948,066 11,141,834 12,478,854 Flujo de efectivo 107,190,000 5,040,000 5,644,800 6,322,176 7,080,837 7,930,538 8,882,202 9,948,066 11,141,834 12,478,854 Impuesto de retención 10% 10,719,000 504,000 564,480 632,218 708,084 793,054 888,220 994,807 1,114,183 1,247,885 Flujo neto para Matriz 96,471,000 4,536,000 5,080,320 5,689,958 6,372,753 7,137,484 7,993,982 8,953,260 10,027,651 11,230,969 Con Inversion y negociacion Ventas en Unidades (1) 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 Ventas en Unidades (2) 120,000 120,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 Precio de Ventas (1) 4,594 4,594 4,594 4,594 4,594 4,594 4,594 4,594 4,594 4,594 Precio de Ventas (2) 5,000 5,600 6,272 7,025 7,868 8,812 9,869 11,053 12,380 13,865 Ventas Netas 1,426,920,000 1,498,920,000 2,206,760,000 2,372,340,800 2,557,791,296 2,765,495,852 2,998,124,954 3,258,669,548 3,550,479,494 3,877,306,633 Costo Variable Unitarios 3,500 3,920 4,390 4,917 5,507 6,168 6,908 7,737 8,666 9,706 Costos Variables totales 1,050,000,000 1,176,000,000 1,756,160,000 1,966,899,200 2,202,927,104 2,467,278,356 2,763,351,759 3,094,953,970 3,466,348,447 3,882,310,260 Costos/Gastos Fijos 25,000,000 28,000,000 31,360,000 35,123,200 39,337,984 44,058,542 49,345,567 55,267,035 61,899,079 69,326,969 Depreciacion 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 Costos y Gastos Totales 1,105,000,000 1,234,000,000 1,817,520,000 2,032,022,400 2,272,265,088 2,541,336,899 2,842,697,326 3,180,221,006 3,558,247,526 3,981,637,229 utilidades antes de Impuestos 321,920,000 264,920,000 389,240,000 340,318,400 285,526,208 224,158,953 155,427,627 78,448,543 (7,768,032) (104,330,596) Impuestos s/ la Renta 25% 80,480,000 66,230,000 97,310,000 85,079,600 71,381,552 56,039,738 38,856,907 19,612,136 (1,942,008) (26,082,649) utilidad despues de impuestos 241,440,000 198,690,000 291,930,000 255,238,800 214,144,656 168,119,215 116,570,720 58,836,407 (5,826,024) (78,247,947) Flujo de efectivo 271,440,000 228,690,000 321,930,000 285,238,800 244,144,656 198,119,215 146,570,720 88,836,407 24,173,976 (48,247,947) Impuesto de retención 10% 27,144,000 22,869,000 32,193,000 28,523,880 24,414,466 19,811,921 14,657,072 8,883,641 2,417,398 (4,824,795) Flujo neto para Matriz 244,296,000 205,821,000 289,737,000 256,714,920 219,730,190 178,307,293 131,913,648 79,952,766 21,756,578 (43,423,152)
Transcript of Blades presup de capital 2
Blades, Inc
Año 0 Año 1 Año 2 Año 3 Año 4 Año 5 Año 6 Año 7 Año 8 Año 9 Año 10
Inflacion anual 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% 12%
Devaluacion anual 2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 2%
Tipo de Cambio 0.0230000 0.0225400 0.0220892 0.0216474 0.0212145 0.0207902 0.0203744 0.0199669 0.0195675 0.0191762 0.0187927
Sin Inversión y sin Vta Adicional
Ventas en Unidades (1) 180,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Ventas en Unidades (2) - - - - - - - - - -
Precio de Ventas (1) 4,594 5,600 6,272 7,025 7,868 8,812 9,869 11,053 12,380 13,865
Precio de Ventas (2) 5,000 5,600 6,272 7,025 7,868 8,812 9,869 11,053 12,380 13,865
Ventas Netas 826,920,000 28,000,000 31,360,000 35,123,200 39,337,984 44,058,542 49,345,567 55,267,035 61,899,079 69,326,969
Costo Variable Unitarios 3,800 4,256 4,767 5,339 5,979 6,697 7,501 8,401 9,409 10,538
Costos Variables totales 684,000,000 21,280,000 23,833,600 26,693,632 29,896,868 33,484,492 37,502,631 42,002,947 47,043,300 52,688,496
Costos/Gastos Fijos - - - - - - - - - -
Depreciacion - - - - - - - - - -
Costos y Gastos Totales 684,000,000 21,280,000 23,833,600 26,693,632 29,896,868 33,484,492 37,502,631 42,002,947 47,043,300 52,688,496
utilidades antes de Impuestos 142,920,000 6,720,000 7,526,400 8,429,568 9,441,116 10,574,050 11,842,936 13,264,088 14,855,779 16,638,473
Impuestos s/ la Renta 25% 35,730,000 1,680,000 1,881,600 2,107,392 2,360,279 2,643,513 2,960,734 3,316,022 3,713,945 4,159,618
utilidad despues de impuestos 107,190,000 5,040,000 5,644,800 6,322,176 7,080,837 7,930,538 8,882,202 9,948,066 11,141,834 12,478,854
Flujo de efectivo 107,190,000 5,040,000 5,644,800 6,322,176 7,080,837 7,930,538 8,882,202 9,948,066 11,141,834 12,478,854
Impuesto de retención 10% 10,719,000 504,000 564,480 632,218 708,084 793,054 888,220 994,807 1,114,183 1,247,885
Flujo neto para Matriz 96,471,000 4,536,000 5,080,320 5,689,958 6,372,753 7,137,484 7,993,982 8,953,260 10,027,651 11,230,969
Con Inversion y negociacion
Ventas en Unidades (1) 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000
Ventas en Unidades (2) 120,000 120,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000
Precio de Ventas (1) 4,594 4,594 4,594 4,594 4,594 4,594 4,594 4,594 4,594 4,594
Precio de Ventas (2) 5,000 5,600 6,272 7,025 7,868 8,812 9,869 11,053 12,380 13,865
Ventas Netas 1,426,920,000 1,498,920,000 2,206,760,000 2,372,340,800 2,557,791,296 2,765,495,852 2,998,124,954 3,258,669,548 3,550,479,494 3,877,306,633
Costo Variable Unitarios 3,500 3,920 4,390 4,917 5,507 6,168 6,908 7,737 8,666 9,706
Costos Variables totales 1,050,000,000 1,176,000,000 1,756,160,000 1,966,899,200 2,202,927,104 2,467,278,356 2,763,351,759 3,094,953,970 3,466,348,447 3,882,310,260
Costos/Gastos Fijos 25,000,000 28,000,000 31,360,000 35,123,200 39,337,984 44,058,542 49,345,567 55,267,035 61,899,079 69,326,969
Depreciacion 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000
Costos y Gastos Totales 1,105,000,000 1,234,000,000 1,817,520,000 2,032,022,400 2,272,265,088 2,541,336,899 2,842,697,326 3,180,221,006 3,558,247,526 3,981,637,229
utilidades antes de Impuestos 321,920,000 264,920,000 389,240,000 340,318,400 285,526,208 224,158,953 155,427,627 78,448,543 (7,768,032) (104,330,596)
Impuestos s/ la Renta 25% 80,480,000 66,230,000 97,310,000 85,079,600 71,381,552 56,039,738 38,856,907 19,612,136 (1,942,008) (26,082,649)
utilidad despues de impuestos 241,440,000 198,690,000 291,930,000 255,238,800 214,144,656 168,119,215 116,570,720 58,836,407 (5,826,024) (78,247,947)
Flujo de efectivo 271,440,000 228,690,000 321,930,000 285,238,800 244,144,656 198,119,215 146,570,720 88,836,407 24,173,976 (48,247,947)
Impuesto de retención 10% 27,144,000 22,869,000 32,193,000 28,523,880 24,414,466 19,811,921 14,657,072 8,883,641 2,417,398 (4,824,795)
Flujo neto para Matriz 244,296,000 205,821,000 289,737,000 256,714,920 219,730,190 178,307,293 131,913,648 79,952,766 21,756,578 (43,423,152)
Analisis de Presupuesto de Capital0 1 2 3 4 5 6 7 8 9 10
En bahts
Inversion Inicial (550,000,000)
Flujos incrementales 147,825,000 201,285,000 284,656,680 251,024,962 213,357,437 171,169,809 123,919,667 70,999,507 11,728,927 (54,654,121)
Valor de rescate 650,000,000
Flujos de Efectivo totales (550,000,000) 147,825,000 201,285,000 284,656,680 251,024,962 213,357,437 171,169,809 123,919,667 70,999,507 11,728,927 595,345,879
tasa de descuento 25% ($550,000,000) $118,260,000 $128,822,400 $145,744,220 $102,819,824 $69,912,965 $44,871,139 $25,987,838 $11,911,741 $1,574,230 $63,924,777
VAN $713,829,133.1 $163,829,133
VPN $163,829,133.1
TIR 34.22%
IR 1.30
En USD
Inversion Inicial (12,650,000)
Flujos incrementales - 3,331,976 4,446,225 6,162,082 5,325,361 4,435,739 3,487,478 2,474,290 1,389,286 224,916 (1,027,097)
Valor de rescate - - - - - - - - - - 12,215,238
Flujos de Efectivo totales (12,650,000) 3,331,976 4,446,225 6,162,082 5,325,361 4,435,739 3,487,478 2,474,290 1,389,286 224,916 11,188,141
tasa de descuento 25%
$15,198,627 $2,665,580 $2,845,584 $3,154,986 $2,181,268 $1,453,503 $914,221 $518,896 $233,084 $30,188 $1,201,318
VAN $2,548,627 $2,548,627
IR 1.20
TIR 31.53%
