100,000
22,000,000
0
22,100,000
-3,298,507
18,801,493
36,639,844
33,469,700
costo de produccion
88,911,036
0
11,854,805
Costos de manufactura
77,056,231
28,000,000
0
COSTO DE VENTAS
105,056,231
5927.402419
9119.080645
Ingresos
Costo de ventas
Utilidad Bruta
155,024,371
105,056,231
49,968,140
metros
10
2,000
2,010
300
10
2,000
2,010
300
1,710
15,000
5,927.402
ESTIMADO
1,253
2,443
2,231
5,927.4
inventario final de p p
ba
2000
32%
GASTOS DE ADMINISTRACION
depreciacion
mantenimiento
polizas de seguro
arrendamiento
servicios publicos
gastos administrativos
Gastos de venta
TOTALES
UNIDADES PRODUCIDAS
COSTO UNITARIO VARIABLE
% UTILIDAD ESPERADO
Precio de venta
costios unitario variable
Utilidad Marginal
% margen de contribucion
PUNTO EQUILIBRIO UNIDADES
PUNTO EQUILIBRIO PESOS
vr. Unit.
Vt. Total
100,000
22,000,000
22,100,000
3,298,507
10,000
11,000
10,995.0249
10,995
10,995.0249
15,000 camisas
30 minutos
450,000 minutos
7,500
18,801,493
salario operario
componente salarial
salario integral
valor hora regular
VALOR TOTAL MOD
5,927
750,000
1.56
1,172,475
4,885
36,639,844
salario
cesantias
prima legal
vacaciones
salud
pension
arp
intereses ces
Aportes paraf
11,854,805
costos indirectos de fabricacion
mano de obra indirecta
9,000,000
materiales indirectos
15,000
depreciacion
mantenimiento
polizas de seguro
arrendamiento
servicios publicos
E PRODUCTOS EN PROCESO
15,000
0
2000
13,000
5927.402419
156%
10
total
E PRODUCTOS TERMIANDO
13,000
4000
0
17,000
17,000
materia prima
mano de obra
mano de obra indirecta
materiales indirectos
depreciacion
mantenimiento
polizas de seguro
arrendamiento
servicios publicos
gastos administrativos
gastos de venta
total costo d eproduccion
ventas
costo de ventas
5,927
7,000
77,056,231
28,000,000
6,180
105,056,231
directo o Var.
155,024,371
66,991,336
14,069,700
150,000
5,250,000
1,000,000
1,000,000
0
12,000,000
33,469,700
utilidad brutra
gastos operacionales
Utilidad operacional
66,113,335
25,000,000
41,113,335
gastos fijos
materia prima
mano de obra
mano de obra indirecta
materiales indirectos
depreciacion
mantenimiento
polizas de seguro
arrendamiento
servicios publicos
gastos administrativos
Gastos de venta
TOTALES
UNIDADES PRODUCIDAS
COSTO UNITARIO VARIABLE
% UTILIDAD ESPERADO
Precio de venta
costios unitario variable
Utilidad Marginal
% margen de contribucion
PUNTO EQUILIBRIO UNIDADES
PUNTO EQUILIBRIO PESOS
88,033,035
46,919,700
41,113,335
gastos variables
18,801,493
36,639,844
14,069,700
150,000
5,250,000
1,000,000
1,000,000
3,600,000
15,000,000
8,000,000
46,919,700
35%
8,400,000
2,000,000
66,991,336
13,000
5,153.2
7,928.0
7,928.0
5,153.2
2,774.8
0.35
16909.28525
134,056,286
100%
8.33%
8.33%
4.17%
8.50%
12%
5%
1%
9%
156%
edificio
maquinaria
computadores
escritorios
total
variable
variable
fija
variables
fija
variable
fija
variable
fija
fijos
variable
fija
gastos de venta
500,000,000
300,000,000
30,000,000
20,000,000
850,000,000
70%
30%
20%
80%
aos
20
10
5
10
8,400,000
3,600,000
15,000,000
2,000,000
8,000,000
10,000,000
aos
25,000,000
30,000,000
6,000,000
2,000,000
mes
2,083,333
2,500,000
500,000
166,667
5,250,000
NIVEL DE
PRODUCCION
1
100
1000
10000
12000
15000
16000
16900
16901
16902
16903
16904
16905
16906
16907
16908
16909
16910
16911
16912
16913
16914
16915
16916
16917
16918
16919
16920
16921
VARIABLES
UNITARIO
TOTAL
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
5,153
FIJO
5,153
515,318
5,153,180
51,531,797
61,838,157
77,297,696
82,450,875
87,088,737
87,093,890
87,099,044
87,104,197
87,109,350
87,114,503
87,119,656
87,124,809
87,129,963
87,135,116
87,140,269
87,145,422
87,150,575
87,155,729
87,160,882
87,166,035
87,171,188
87,176,341
87,181,494
87,186,648
87,191,801
87,196,954
FIJOS
UNITARIO
TOTAL
46,919,700
469,197
46,920
4,692
3,910
3,128
2,932
2,776
2,776
2,776
2,776
2,776
2,775
2,775
2,775
2,775
2,775
2,775
2,775
2,774
2,774
2,774
2,774
2,774
2,774
2,773
2,773
2,773
2,773
#DIV/0!
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
46,919,700
TOTALES
UNITARIO
TOTAL
46,924,853
474,350
52,073
9,845
9,063
8,281
8,086
7,929
7,929
7,929
7,929
7,929
7,929
7,929
7,928
7,928
7,928
7,928
7,928
7,928
7,927
7,927
7,927
7,927
7,927
7,927
7,926
7,926
7,926
#DIV/0!
#VALUE!
46,924,853
47,435,018
52,072,880
98,451,497
108,757,857
124,217,396
129,370,575
134,008,437
134,013,590
134,018,744
134,023,897
134,029,050
134,034,203
134,039,356
134,044,509
134,049,663
134,054,816
134,059,969
134,065,122
134,070,275
134,075,429
134,080,582
134,085,735
134,090,888
134,096,041
134,101,194
134,106,348
134,111,501
134,116,654
46,919,700
0
P. VENTA
VENTA
Ingresos
ventas
Utilidad
Operacional
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
7,928
792,797
7,927,969
79,279,688
95,135,625
118,919,532
126,847,501
133,982,673
133,990,601
133,998,529
134,006,456
134,014,384
134,022,312
134,030,240
134,038,168
134,046,096
134,054,024
134,061,952
134,069,880
134,077,808
134,085,736
134,093,664
134,101,592
134,109,520
134,117,448
134,125,376
134,133,304
134,141,232
134,149,160
0
-46,916,925
-46,642,221
-44,144,911
-19,171,809
-13,622,231
-5,297,864
-2,523,075
-25,765
-22,990
-20,215
-17,440
-14,665
-11,891
-9,116
-6,341
-3,566
-791
1,983
4,758
7,533
10,308
13,082
15,857
18,632
21,407
24,182
26,956
29,731
32,506
-46,919,700
1 escenario
46,919,700
7,928
5,153
2,775
35%
16,909
134,056,286
2 escenario
46,919,700
48,000,000
7,928
5,153
2,775
35%
34,208
271,199,143
16,909
134,056,286
87,136,586
34,208
271,199,143
176,279,443
44,966
356,486,989
231,716,543
UTILIDAD MARGINAL
46,919,700
94,919,700
124,770,446
COSTOS FIJOS
46,919,700
46,919,700
46,919,700
48,000,000
77,850,746
48,000,000
48,000,000
UTILIDAD OPERACIONAL
GASTOS FINANCIEROS
UTILIDAD ANTES DE IMPUESTOS
IMPUESTO RENTA
33%
UTILIDAD NETA ESPERADA
29,850,746
9,850,746
20,000,000
67.00%
20,000,000
29,850,746
124,770,446
DESCRIPCION DE POLITICAS
Inflacion
2013
2014
2015
2016
2.95%
2.50%
2.45%
2.35%
INVENTARIOS M PRIMA
30 dias Invnt. P Produccion
2013
2014
2015
2016
60%
40%
60%
40%
60%
40%
60%
40%
2017
2018
2.00%
1.98%
2017
2018
60%
40%
60%
40%
pesos
100,000
AO 2013
AO 2013
28,000,000
500,000,000
300,000,000
30,000,000
20,000,000
850,000,000
total
Cotos unitario variable
Cotos fijos totales
METROS
10
Vr. Unit.
10,000
10,500
100
camisas
4,000
depreciacion anual
25,000,000
30,000,000
6,000,000
2,000,000
63,000,000
5,153
46,919,700
Estadistica de ventas
Unidades
2009
2010
2011
2012
2013
2014
2015
2016
2017
1
2
3
4
5
6
7
8
9
11,000
14,000
13,500
13,000
PROCESO PRODUCTIVO
estndar
por unidad
Tela
Botones
1.2
6
Proceso 1 Corte
Proceso 2 pegado y empaque
30
40
minutos
minutos
vr. Unit.
7,000
Vr. Total
100,000
METRO CUADRADO
C/U
Vr. Total
28,000,000
ETRO CUADRADO
Estadistica de ventas
x
2009
1
2010
2
2011
3
2012
4
2013
5
2014
6
2015
7
2016
8
2017
9
2018
10
Unidades
y
11,000
14,000
13,500
13,000
14,250
14,800
15,350
15,900
16,450
17,000
Resumen
Estadsticas de la regresin
Coeficiente de correlacin mltiple
0.53996876
Coeficiente de determinacin R^2
0.29156627
R^2 ajustado
-0.0626506
Error tpico
1355.54417
Observaciones
4
ANLISIS DE VARIANZA
Regresin
Residuos
Total
Grados de libertad
Suma de cuadrados
1
1512500
2
3675000
3
5187500
Intercepcin
Variable X 1
b
ax
constante
variable
11500
550
Estadstico t Probabilidad
6.92689392 0.02021151
0.90726471 0.46003124
Inferior 95%
Superior 95% Inferior 95,0%Superior 95,0%
4356.754131 18643.2459 4356.75413 18643.2459
-2058.344597
3158.3446 -2058.3446
3158.3446
ppto de produccion
2013
14250
2014
14800
2015
15350
2016
15900
2017
16450
2018
17000
inv. Final
disponible
1188
15438
1233
16033
1279
16629
1325
17225
1371
17821
1417
18417
inv. Inicial
4,000
1188
1233
1279
1325
1371
11,438
14,846
15,396
15,946
16,496
17,046
ppto de ventas
ppto produccion
Botones
2014
2015
2016
11,438
14,846
15,396
15,946
13,725
17,815
18,475
19,135
68,625
89,075
92,375
95,675
consumo estandar
Tela
1,144
10
1,485
1,144
1,540
1,485
1,595
1,540
Botones
5,719
-
7,423
5,719
7,698
7,423
7,973
7,698
2017
2018
16,496
17,046
19,795
20,455
98,975
102,275
1,650
1,595
1,705
1,650
8,248
7,973
8,523
8,248
PRESUPUESTO DE COMPRAS
2013
Tela
Presupuesto de consumo
Inventario final
Disponible
Inventario inicial
2014
2015
2016
13,725
1,144
14,869
10
17,815
1,485
19,300
1,144
18,475
1,540
20,015
1,485
19,135
1,595
20,730
1,540
14,859
10,500
18,156
0.025
10,763
18,530
0.025
11,026
19,190
0.024
11,285
156,121,875
100,000
207,711,766
12,009,375
220,684,423
15,977,828
233,939,494
16,975,725
PPTO COMPRAS $$
Inv final
156,021,875
12,009,375
195,702,391
15,977,828
204,706,595
16,975,725
216,963,770
17,995,346
2,013
2,014
2,015
68,625
5,719
74,344
-
89,075
7,423
96,498
5,719
92,375
7,698
100,073
7,423
95,675
7,973
103,648
7,698
74,344
100
90,779
0.0250
103
92,650
0.0245
105
95,950
0.0235
107
7,434,375
-
9,891,036
571,875
10,508,782
760,849
11,139,976
808,368
PPTO COMPRAS $$
Inv final
7,434,375
571,875
9,319,161
760,849
9,747,933
808,368
10,331,608
856,921
PPTO COMPRAS
INFLACION
Precios de compra
Botones
Presupuesto de consumo
Inventario final
Disponible
Inventario inicial
PPTO COMPRAS
INFLACION
Precios de compra
201600%
2017
2018
19,795
1,650
21,445
1,595
20,455
1,705
22,160
1,650
19,850
0.020
11,511
20,510
0.020
11,739
246,848,651
17,995,346
260,129,582
18,988,358
228,853,305
18,988,358
241,141,225
20,009,968
2,017
2,018
98,975
8,248
107,223
7,973
102,275
8,523
110,798
8,248
99,250
0.0200
110
102,550
0.0198
112
11,754,698
856,921
12,387,123
904,208
10,897,776
904,208
11,482,915
952,856
2014
100,000
163,456,250
12,581,250
205,021,552
163,556,250
12,581,250
150,975,000
217,602,802
16,738,677
200,864,125
66,718,750
10,000,000
86,600,694
10,000,000
227,693,750
297,464,819
227,693,750
11,438
19,908
297,464,819
14,846
20,037
28,000,000
23,640,335
23,640,335
24,712,205
232,053,415
296,392,949
30%
28,440
32%
29,466
PPTO DE VENTAS
14,250
14,800
405,262,881
436,097,736
DE PRODUCCION Y VENTAS
2015
2016
2017
2018
16,738,677
214,454,528
17,784,093
227,295,378
18,852,267
239,751,082
19,892,565
252,624,140
231,193,206
17,784,093
213,409,113
245,079,470
18,852,267
226,227,203
258,603,349
19,892,565
238,710,783
272,516,705
20,962,823
251,553,882
89,809,028
10,000,000
93,017,361
10,000,000
96,225,694
10,000,000
99,434,028
10,000,000
313,218,141
329,244,565
344,936,478
360,987,910
313,218,141
15,396
20,344
329,244,565
15,946
20,648
344,936,478
16,496
20,911
360,987,910
17,046
21,177
24,712,205
26,023,808
26,023,808
27,358,184
27,358,184
28,664,840
28,664,840
30,001,440
311,906,538
327,910,188
343,629,822
359,651,310
33%
30,365
35%
31,766
36%
32,673
38%
34,157
15,350
15,900
16,450
17,000
466,098,047
505,074,173
537,465,748
580,673,024
5000
11,438
14,846
15,396
15,946
16,496
11,438
14,846
15,396
15,946
16,496
11,438
14,846
15,396
15,946
16,496
11,438
4,000
15,438
1,188
14,250
14,846
1,188
16,033
1,233
14,800
15,396
1,233
16,629
1,279
15,350
15,946
1,279
17,225
1,325
15,900
16,496
1,325
17,821
1,371
16,450
17,046
17,046
17,046
17,046
1,371
18,417
1,417
17,000
FLUJO DE EFECTIVO
2013
Inicial
2014
Entradas de dinero
Recaudo de cartera
Prestamos
aporte de socios
TOTAL ENTRADAS
337,719,067
430,958,593
337,719,067
430,958,593
Salidas de dinero
Pago por costos
Gastos de adminsitracion
Gastos de ventas
Pago servicios
Pago de intereses
Pago de cuotas de capital
Pago de dividendos
Pago de impuestos
199,310,938
20,000,000
5,000,000
291,230,921
20,000,000
5,000,000
84,297,600
58,686,867
74,907,701
68,076,766
300,916
367,295,405
459,516,304
DISPONIBLE
(29,576,337)
(28,557,710)
Saldo inicial
(29,576,337)
(29,576,337)
(58,134,048)
2015
2016
2017
2018
EFECTIVO
461,097,995
498,578,152
532,067,152
573,471,811
461,097,995
498,578,152
532,067,152
573,471,811
SALIDAS
311,905,312
20,000,000
5,000,000
327,102,526
20,000,000
5,000,000
64,015,419
78,969,048
51,380,371
91,604,096
36,723,716
106,260,751
19,721,995
123,262,472
718,110
12,468,593
22,807,029
495,805,103
523,315,910
549,631,400
(18,791,784)
2,773,048
8,751,243
23,840,412
(58,134,048)
(76,925,832)
(74,152,783)
(65,401,540)
(76,925,832)
(74,152,783)
(65,401,540)
(41,561,129)
479,889,779
342,862,850
20,000,000
5,000,000
358,839,903
20,000,000
5,000,000
VENTAS
MAS saldo incial de cxc
MENOS saldo final cxc
COSTOS DE VENTA
MAS Saldo incial PROVEE
MENOS Saldo final PROVEE
MAS Saldo final de MP , PP, PT
MENOS Saldo inicial MP, PP. PT
2013
405,262,881
67,543,813
337,719,067
2014
436,097,736
67,543,813
72,682,956
430,958,593
2015
466,098,047
72,682,956
77,683,008
461,097,995
2016
505,074,173
77,683,008
84,179,029
498,578,152
232,053,415
40,864,063
36,221,585
28,100,000
199,310,938
296,392,949
40,864,063
51,255,388
41,450,882
36,221,585
291,230,921
311,906,538
51,255,388
53,613,632
43,807,900
41,450,882
311,905,312
327,910,188
53,613,632
56,823,844
46,210,451
43,807,900
327,102,526
2017
537,465,748
84,179,029
89,577,625
532,067,152
2018
580,673,024
89,577,625
96,778,837
573,471,811
343,629,822
56,823,844
59,937,770
48,557,405
46,210,451
342,862,850
359,651,310
59,937,770
63,156,035
50,964,263
48,557,405
358,839,903
ESTADO DE RESULTADOS
Ventas (Ingresos)
Costo de ventas
Depreciacion activos
UTLIDAD BRUTA
Gastos operacionales
Gastos administrativos
Gastos de ventas
Gasto depreciacion
UTILIDAD OPERACIONAL
Gastos financieros
Otros ingresos
UTILIDAD ANTES DE IMPUESTO
2013
405,262,881
232,053,415
30,000,000
143,209,465
2014
436,097,736
296,392,949
30,000,000
109,704,787
2015
466,098,047
311,906,538
30,000,000
124,191,509
2016
505,074,173
327,910,188
30,000,000
147,163,985
20,000,000
5,000,000
33,000,000
85,209,465
20,000,000
5,000,000
33,000,000
51,704,787
20,000,000
5,000,000
33,000,000
66,191,509
20,000,000
5,000,000
33,000,000
89,163,985
84,297,600
74,907,701
64,015,419
51,380,371
(23,202,914)
2,176,090
37,783,614
718,110
12,468,593
911,865
33%
Impuesto renta
300,916
UTILIDAD NETA
Utilidad acumulada
Reserva legal
Reserva acumulada
Subtotal
Dividendos pagados
Dividendos pagados acumulados
610,950
610,950
(23,202,914)
(22,591,965)
1,457,980
(21,133,984)
25,315,021
4,181,037
2017
537,465,748
343,629,822
30,000,000
163,835,926
2018
580,673,024
359,651,310
30,000,000
191,021,714
20,000,000
5,000,000
33,000,000
105,835,926
20,000,000
5,000,000
33,000,000
133,021,714
36,723,716
19,721,995
69,112,210
113,299,718
22,807,029
37,388,907
46,305,181
50,486,218
75,910,811
126,397,029
ACTIVO
Inicial
2013
2014
2015
2016
CORRIENTE
Caja y Bancos
Cuentas por cobrar
Inventario Materias Primas
Inventarios Prod. Terminado
Gastos Prepagados
100,000
28,000,000
-29,576,337
67,543,813
12,581,250
23,640,335
-58,134,048
72,682,956
16,738,677
24,712,205
-76,925,832
77,683,008
17,784,093
26,023,808
-74,152,783
84,179,029
18,852,267
27,358,184
28,100,000
74,189,061
55,999,791
44,565,077
56,236,697
Maquinaria
Edificios
Muebles y equipo oficina
Computadores
Vehiculos
Depreciacion Acumulada
300,000,000
500,000,000
20,000,000
30,000,000
0
300,000,000
500,000,000
20,000,000
30,000,000
0
63,000,000
300,000,000
500,000,000
20,000,000
30,000,000
0
126,000,000
300,000,000
500,000,000
20,000,000
30,000,000
0
189,000,000
300,000,000
500,000,000
20,000,000
30,000,000
0
252,000,000
Total No corriente
850,000,000
787,000,000
724,000,000
661,000,000
598,000,000
TOTAL ACTIVOS
878,100,000
861,189,061
779,999,791
705,565,077
654,236,697
40,864,063
51,255,388
53,613,632
56,823,844
300,916
718,110
12,468,593
41,164,978
51,255,388
54,331,742
69,292,437
526,860,000
468,173,133
400,096,367
321,127,319
229,523,223
526,860,000
468,173,133
400,096,367
321,127,319
229,523,223
TOTAL PASIVOS
526,860,000
509,338,111
451,351,755
375,459,061
298,815,660
NO CORRIENTE
PASIVO
CORTO PLAZO
Proveedores
Cuenta por pagar
Deudas Laborales
Impuestos por pagar
Total Pasivo corriente
PASIVO LARGO PLAZO
PATRIMONIO
Capital
Reserva Legal
Reserva Estatutaria
Utilidades del periodo
Utilidades Acumuladas
Dividendos pagados
351,240,000
TOTAL PATRIMONIO
TOTAL PAS. + PATRIMONIO
Prueba
Maquinaria
Edificios
Muebles y equipo oficina
Computadores
351,240,000
351,240,000
351,240,000
351,240,000
610,950
-22,591,965
-21,133,984
4,181,037
351,240,000
351,850,950
328,648,035
330,106,016
355,421,037
878,100,000
861,189,061
779,999,791
705,565,077
654,236,697
300,000,000
500,000,000
20,000,000
30,000,000
30,000,000
25,000,000
2,000,000
6,000,000
63,000,000
CAPITAL DE TRABAJO
Total Activo Corriente
Total Pasivo corriente
Capital de Trabajo
Inicial
28,100,000
0
28,100,000
74,189,061
41,164,978
33,024,083
55,999,791
51,255,388
4,744,403
44,565,077
54,331,742
-9,766,665
56,236,697
69,292,437
-13,055,740
28,100,000
4,924,083
-28,279,680
-14,511,068
-3,289,075
2017
2018
-65,401,540
89,577,625
19,892,565
28,664,840
-41,561,129
96,778,837
20,962,823
30,001,440
72,733,489
106,181,971
300,000,000
500,000,000
20,000,000
30,000,000
0
315,000,000
300,000,000
500,000,000
20,000,000
30,000,000
0
378,000,000
535,000,000
472,000,000
607,733,489
578,181,971
59,937,770
63,156,035
22,807,029
37,388,907
82,744,800
100,544,942
123,262,472
123,262,472
206,007,271
100,544,942
351,240,000
351,240,000
50,486,218
126,397,029
401,726,218
477,637,029
607,733,489
578,181,971
72,733,489
82,744,800
-10,011,310
106,181,971
100,544,942
5,637,029
0
0
0
0
0
0
0
0
0
0
0
0
3,044,430
15,648,340
-5,637,029
DEUDA
Tasa de interes
Plazo
526,860,000
16% EA
6
Saldo deuda
2013
2014
2015
2016
2017
2018
526,860,000
468,173,133
400,096,367
321,127,319
229,523,223
123,262,472
Interes
84,297,600
74,907,701
64,015,419
51,380,371
36,723,716
19,721,995
Capital
58,686,867
68,076,766
78,969,048
91,604,096
106,260,751
123,262,472
Anualidad
142,984,467
142,984,467
142,984,467
142,984,467
142,984,467
142,984,467
Saldo deuda
526,860,000
468,173,133
400,096,367
321,127,319
229,523,223
123,262,472
-