Sociedad Hotelera Los Tajibos S.A.

Balance General
Reexpresado en miles de bolivianos
Tipo de Cambio:
CUENTAS

AO

Particip.

2001

AO

Particip.

2002

AO

Particip.

2003

AO

Particip.

2004

AO

Particip.

2005

AO

Particip.

2006

Variacin porcentual
01-02

02-03

02-03

04-05

-14.5%
0.0%
6.4%
0.0%
-10.9%
-47.8%
0.0%
-5.5%

185.8%
0.0%
-7.2%
0.0%
-39.0%
-38.9%
0.0%
-11.8%

-36.4%
0.0%
-0.2%
0.0%
-14.8%
6.8%
0.0%
-9.6%

41.6%
0.0%
9.8%
0.0%
-12.3%
186.7%
0.0%
12.6%

0.0%
0.00%

0.0%
0.00%

0.0%
0.00%

0.0%
0.00%

ACTIVO
Activo Corrientes
Disponibilidades
Inversiones a Corto Plazo
Cuentas por Cobrar a Corto Plazo
Anticipo a Proveedores
Inventarios
Gastos Pagados por Adelantado
Otros Activos Corrientes
Total Activo Corriente
Activo No Corriente
Inversiones a Largo Plazo
Inversiones en Emp. Relacionadas y/o Vinculadas
Cuentas por Cobrar a Largo Plazo
Activo Fijo Neto
Bienes Arrendados
Activos Intangibles
Cargos Diferidos
Otros Activos no Corrientes
Total Activo no Corriente
Total Activo

403
0
3,517
0
3,238
489
0
7,647

0.2%
0.0%
1.9%
0.0%
1.8%
0.3%
0.0%
4.2%

345
0
3,742
0
2,886
255
0
7,228

0.2%
0.0%
2.1%
0.0%
1.6%
0.1%
0.0%
4.0%

985
0
3,472
0
1,760
156
0
6,373

0.5%
0.0%
1.9%
0.0%
1.0%
0.1%
0.0%
3.5%

627
0
3,466
0
1,500
167
0
5,759

0.4%
0.0%
2.1%
0.0%
0.9%
0.1%
0.0%
3.5%

887
0
3,805
0
1,315
478
0
6,486

0.6%
0.0%
2.4%
0.0%
0.8%
0.3%
0.0%
4.1%

973
0
4,835
0
1,260
308
0
7,377

0.6%
0.0%
3.1%
0.0%
0.8%
0.2%
0.0%
4.7%

474
0
0
163,383
0
0
0
12,396
176,253

0.3%
0.0%
0.0%
88.8%
0.0%
0.0%
0.0%
6.7%
95.8%

474
0
0
158,603
0
0
0
13,405
172,482

0.3%
0.0%
0.0%
88.3%
0.0%
0.0%
0.0%
7.5%
96.0%

495
0
0
173,419
0
0
0
979
174,893

0.3%
0.0%
0.0%
95.7%
0.0%
0.0%
0.0%
0.5%
96.5%

497
0
0
155,688
0
0
0
705
156,890

0.3%
0.0%
0.0%
95.7%
0.0%
0.0%
0.0%
0.4%
96.5%

2,131
0
0
150,917
0
0
392
0
153,440

1.3%
0.0%
0.0%
94.4%
0.0%
0.0%
0.2%
0.0%
95.9%

2,170
0
0
147,249
0
0
176
0
149,596

1.4%
0.0%
0.0%
93.8%
0.0%
0.0%
0.1%
0.0%
95.3%

0.0%
0.0%
0.0%
-2.9%
0.0%
0.0%
0.0%
8.1%
-2.1%

4.4%
0.0%
0.0%
9.3%
0.0%
0.0%
0.0%
-92.7%
1.4%

0.4% 328.6%
0.0%
0.0%
0.0%
0.0%
-10.2%
-3.1%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
-28.0% -100.0%
-10.3%
-2.2%

183,901

100.0%

179,710

100.0%

181,266

100.0%

162,649

100.0%

159,926

100.0%

156,972

100.0%

-2.3%

0.9%

-10.3%

-1.7%

4,264
13,005
0
0
9,343
0
0
0
26,612

2.6%
8.0%
0.0%
0.0%
5.7%
0.0%
0.0%
0.0%
16.4%

4,226
3,597
0
0
11,195
0
676
0
19,694

2.6%
2.2%
0.0%
0.0%
7.0%
0.0%
0.4%
0.0%
12.3%

3,917
4,178
0
0
10,634
0
895
0
19,625

2.5%
2.7%
0.0%
0.0%
6.8%
0.0%
0.6%
0.0%
12.5%

-67.9%
43.4%
0.0%
0.0%
19.2%
0.0%
0.0%
0.0%
6.6%

399.8%
157.5%
0.0%
0.0%
-34.4%
0.0%
0.0%
0.0%
46.0%

-34.5%
-15.8%
0.0%
0.0%
1.4%
0.0%
0.0%
0.0%
-14.6%

-0.9%
-72.3%
0.0%
0.0%
19.8%
0.0%
100.0%
0.0%
-26.0%

0.0%
0.00%

0.0%
0.00%

0.0%
0.00%

0.0%
0.00%

PASIVO
Pasivo Corriente
Deudas Comerciales
Deudas Bancarias y Financieras de Corto Plazo
Deudas por Emisin de Valores Corto Plazo
Deudas por Pagar con Emp. Rel. y/o Vinculdas a CP
Otras Cuentas por Pagar
Ingresos Percibidos por Adelantado
Anticipos Recibidos
Otros Pasivos Corrientes
Total Pasivo Corriente
Pasivo No Corriente
Deudas Comerciales de Largo Plazo
Deudas Bancarias y Financieras de Largo Plazo
Deudas por Emisin de Valores Largo Plazo
Deudas por Pagar con Emp. Rel. y/o Vinculdas a LP
Otras Cuentas por Pagar a Largo Plazo
Ingresos Percibidos por Adelantado a Largo Plazo
Previsiones
Otros Pasivos No Corrientes
Total Pasivo no Corriente
Total Pasivo

4,055
4,182
0
0
11,782
0
0
0
20,019

2.2%
2.3%
0.0%
0.0%
6.4%
0.0%
0.0%
0.0%
10.9%

1,303
5,997
0
0
14,046
0
0
0
21,345

0.7%
3.3%
0.0%
0.0%
7.8%
0.0%
0.0%
0.0%
11.9%

6,513
15,441
0
0
9,218
0
0
0
31,172

3.6%
8.5%
0.0%
0.0%
5.1%
0.0%
0.0%
0.0%
17.2%

0
60,917
0
0
0
0
12,125
0
73,042

0.0%
33.1%
0.0%
0.0%
0.0%
0.0%
6.6%
0.0%
39.7%

0
61,367
0
0
0
0
7,086
0
68,453

0.0%
34.1%
0.0%
0.0%
0.0%
0.0%
3.9%
0.0%
38.1%

0
56,845
0
0
5,546
0
4,798
0
67,189

0.0%
31.4%
0.0%
0.0%
3.1%
0.0%
2.6%
0.0%
37.1%

0
43,418
0
0
6,978
0
4,304
0
54,700

0.0%
26.7%
0.0%
0.0%
4.3%
0.0%
2.6%
0.0%
33.6%

0
44,171
0
0
9,715
0
4,623
0
58,510

0.0%
27.6%
0.0%
0.0%
6.1%
0.0%
2.9%
0.0%
36.6%

0
40,949
0
0
8,006
0
5,404
0
54,359

0.0%
26.1%
0.0%
0.0%
5.1%
0.0%
3.4%
0.0%
34.6%

0.0%
0.7%
0.0%
0.0%
0.0%
0.0%
-41.6%
0.0%
-6.3%

0.0%
-7.4%
0.0%
0.0%
100.0%
0.0%
-32.3%
0.0%
-1.8%

0.0%
-23.6%
0.0%
0.0%
25.8%
0.0%
-10.3%
0.0%
-18.6%

0.0%
1.7%
0.0%
0.0%
39.2%
0.0%
7.4%
0.0%
7.0%

93,061

50.6%

89,799

50.0%

98,361

54.3%

81,312

50.0%

78,203

48.9%

73,984

47.1%

-3.5%

9.5%

-17.3%

-3.8%

76,000
0
19,764
0
781
0
-5,705
90,839

41.3%
0.0%
10.7%
0.0%
0.4%
0.0%
-3.1%
49.4%

76,000
0
19,764
0
781
-5,705
-928
89,911

42.3%
0.0%
11.0%
0.0%
0.4%
-3.2%
-0.5%
50.0%

76,000
0
19,764
0
781
-6,633
-7,005
82,906

41.9%
0.0%
10.9%
0.0%
0.4%
-3.7%
-3.9%
45.7%

76,000
0
19,764
0
781
-13,639
-1,569
81,337

46.7%
0.0%
12.2%
0.0%
0.5%
-8.4%
-1.0%
50.0%

76,000
0
19,764
0
781
-15,208
386
81,723

47.5%
0.0%
12.4%
0.0%
0.5%
-9.5%
0.2%
51.1%

76,000
0
19,764
0
781
-14,822
1,266
82,989

48.4%
0.0%
12.6%
0.0%
0.5%
-9.4%
0.8%
52.9%

0.0%
0.0%
0.0%
0.0%
0.0%
100.0%
-83.7%
-1.0%

0.0%
0.0%
0.0%
0.0%
0.0%
16.3%
654.8%
-7.8%

0.0%
0.0%
0.0%
0.0%
0.0%
105.6%
-77.6%
-1.9%

0.0%
0.0%
0.0%
0.0%
0.0%
11.5%
124.6%
0.5%

183,901

100.0%

179,710

100.0%

181,266

100.0%

162,649

100.0%

159,926

100.0%

156,972

100.0%

-2.3%

0.9%

-10.3%

-1.7%

PATRIMONIO
Capital Social
Aportes No Capitalizados
Ajustes al Patrimonio
Reserva para Revalorizacin de Activos Fijos
Reservas
Resultados Acumulados
Resultados de la Gestin
Total Patrimonio
Total Pasivo y Patrimonio

Cuentas Contigentes Deudoras

Cuentas de Orden Deudoras

0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%

0.0%
0.0%
0.0%
0.0%

Sociedad Hotelera Los Tajibos S.A.

Estado de Resultados
Reexpresado en miles de bolivianos
8.03

ntual

Tipo de Cambio:
CUENTAS

05-06

9.7%
0.0%
27.1%
0.0%
-4.2%
-35.7%
0.0%
13.7%
0.0%
0.00%
1.9%
0.0%
0.0%
-2.4%
0.0%
0.0%
-55.1%
0.0%
-2.5%
-1.8%

0.0%
0.00%
0.0%
-7.3%
0.0%
0.0%
-17.6%
0.0%
16.9%
0.0%
-7.1%
-5.4%

0.0%
0.0%
0.0%
0.0%
0.0%
-2.5%
227.5%
1.5%
-1.8%

Particip.

2001
Ingresos Operacionales
Ingresos por Ventas y Servicios
Costo de Venta y Servicios
Resultado Bruto
Egresos Operacionales
Gastos Administrativos
Gastos de Comercializacin
Resultado Operativo
Ingresos No Operacional
Rendimiento por Inversiones
Otros Ingresos
Egresos No Operacionales
Ajuste por Inflacin y Tenencia de Bienes
Otros Egresos
Resultado No Operacional
Result. Neto despus de No Oper.
Ingresos (Gastos) de Gestiones Anteriores
Ingresos (Gastos) Extraordinarios
Result. Neto despus de No Oper.
Gastos Financieros
Result. Neto despus de No Oper.

-7.3%
16.2%
0.0%
0.0%
-5.0%
0.0%
32.5%
0.0%
-0.4%

AO

Impuesto a las Utilidades de las Empresas

Resultado Neto de la Gestin

41,683
26,380
15,304

9,993
4,592
719

0
1,455
-648
0
2,103
2,822
0
0
2,822
0
8,527
(5,705)
0
-5,705

AO

Particip.

2002
100.0%
63.3%
36.7%
0.0%
0.0%
24.0%
11.0%
1.7%
0.0%
0.0%
3.5%
0.0%
-1.6%
0.0%
5.0%
0.0%
6.8%
0.0%
0.0%
6.8%
0.0%
20.5%
-13.7%
0.0%
0.0%
-13.7%

42,168
25,189
16,978

9,024
4,107
3,847

0
1,454
-904
0
2,358
6,206
0
0
6,206
7,134
(928)
0
-928

AO

Particip.

2003
100.0%
59.7%
40.3%
0.0%
0.0%
21.4%
9.7%
9.1%
0.0%
0.0%
3.4%
0.0%
-2.1%
0.0%
5.6%
0.0%
14.7%
0.0%
0.0%
14.7%
0.0%
16.9%
-2.2%
0.0%
0.0%
-2.2%

39,295
25,911
13,384

9,908
4,153
(677)

0
1,214
222
0
992
316
0
0
316
7,321
(7,005)
0
-7,005

AO

Particip.

2004
100.0%
65.9%
34.1%
0.0%
0.0%
25.2%
10.6%
-1.7%
0.0%
0.0%
3.1%
0.0%
0.6%
0.0%
2.5%
0.0%
0.8%
0.0%
0.0%
0.8%
0.0%
18.6%
-17.8%
0.0%
0.0%
-17.8%

38,601
22,302
16,299

8,118
4,053
4,128

0
1,009
-136
899
245
4,374
0
773
5,147
6,716
(1,569)
0
-1,569

AO

Particip.

2005
100.0%
57.8%
42.2%
0.0%
0.0%
21.0%
10.5%
10.7%
0.0%
0.0%
2.6%
0.0%
-0.4%
2.3%
0.6%
0.0%
11.3%
0.0%
2.0%
13.3%
0.0%
17.4%
-4.1%
0.0%
0.0%
-4.1%

40,960
22,482
18,479

8,753
3,298
6,428

0
3,205
1,006
2,378
(179)
6,248
0
0
6,248
5,862
386
0
386

AO

Particip.

2006
100.0%
54.9%
45.1%
0.0%
0.0%
21.4%
8.1%
15.7%
0.0%
0.0%
7.8%
0.0%
2.5%
5.8%
-0.4%
0.0%
15.3%
0.0%
0.0%
15.3%
0.0%
14.3%
0.9%
0.0%
0.0%
0.9%

43,500
22,776
20,724

11,258
1,932
7,535

0
2,130
423
2,270
(563)
6,971
0
0
6,971
5,706
1,266
0
1,266

8.03

Variacin porcentual
01-02

02-03

02-03

04-05

05-06

100.0%
52.4%

1.2%
-4.5%

-6.8%
2.9%

-1.8%
-13.9%

6.1%
0.8%

6.2%
1.3%

47.6%
0.0%
0.0%
25.9%
4.4%

10.9%
0.0%
0.0%
-9.7%
-10.6%

-21.2%
0.0%
0.0%
9.8%
1.1%

21.8%
0.0%
0.0%
-18.1%
-2.4%

13.4%
0.0%
0.0%
7.8%
-18.6%

12.2%
0.0%
0.0%
28.6%
-41.4%

17.3%
0.0%
0.0%
4.9%
0.0%
1.0%
5.2%

435.2%
0.0%
0.0%
0.0%
-0.1%
0.0%
39.5%
0.0%

-117.6%
0.0%
0.0%
0.0%
-16.5%
0.0%
124.5%
0.0%

710.3%
0.0%
0.0%
0.0%
-16.9%
0.0%
-161.2%
100.0%

55.7%
0.0%
0.0%
0.0%
217.7%
0.0%
841.6%
164.4%

17.2%
0.0%
0.0%
0.0%
-33.5%
0.0%
-57.9%
-4.5%

-1.3%
0.0%

12.1%
0.0%

-57.9%
0.0%

-75.3%
0.0%

-173.2%
0.0%

214.1%
0.0%

16.0%
0.0%
0.0%

119.9%
0.0%
0.0%

-94.9%
0.0%
0.0%

1284.5%
0.0%
100.0%

42.9%
0.0%
-100.0%

11.6%
0.0%
0.0%

16.0%
0.0%
13.1%

119.9%
0.0%
-16.3%

-94.9%
0.0%
2.6%

1529.3%
0.0%
-8.3%

21.4%
0.0%
-12.7%

11.6%
0.0%
-2.7%

2.9%
0.0%
0.0%

-83.7%
0.0%
0.0%

654.8%
0.0%
0.0%

-77.6%
0.0%
0.0%

124.6%
0.0%
0.0%

227.6%
0.0%
0.0%

2.9%

-83.7%

654.8%

-77.6%

124.6%

227.6%

0.0%
0.0%
0.0%
0.0%

Sociedad Hotelera Los Tajibos S.A.

Flujo de Caja

Indices Financieros

Reexpresado en miles de bolivianos

2002

2003

42,168
-0

39,295
0

Tipo de Cambio:
2004
2005

8.03
2006

2,000
Ingresos por Ventas y Servicios
Cuentas por Cobrar
Flujo de Ventas
Costo de Ventas y Servicios
Inventarios
Deudas Comerciales
Anticipo de Proveedores
Flujo de Salida
Gastos de Administracin
Gastos de Comercializacin
Impuestos
Cuentas por Cobrar
Gastos Pagados por Adelantado
Otras Cuentas por pagar - Dividendos por Pagar
Ingresos Percibidos por Adelantado
Anticipos Recibidos
Previsiones
Otros Activos
Otros Pasivos
Egresos Operativos
Flujo Operativo
Flujo de Inversiones
Inversiones a Largo Plazo
Inversiones Empresas Relacionadas
Activo Fijo Neto
Bienes Arrendados
Activos Intangibles
Cargos Diferidos
Flujo de Inversiones
Flujo de Financiamiento
Deudas Bancarias y Financieras a CP
Deudas Bancarias y Financieras a LP
Deuda por Emisin de Valores
Deudas por Pagar Emp. Relacionadas
Gastos Financieros
Dividendos
Cambios en el Patrimonio
Flujo del Financiamiento
Flujo no Operativo
Rendimiento por Inversiones
Otro Ingresos
Otros Egresos
Ingresos (Gastos) de Gestiones Anteriores
Ingresos (Egresos) Extraordinarios
Flujo no Operativo
Flujo de Inlfacin
Ajuste por Inflacin y Tenencia de Bienes Neto
Resultado por Exposicin de Inflacin
FLUJO DEL PERIODO O DE LA GESTION
Disponibilidades e Inversiones a Corto Plazo

38,601
0

40,960
0

43,500
0

42,168

39,295

38,601

40,960

43,500

-25,189
352

-25,911
1,126

-22,302
260

-22,482
184

-22,776
55

-2,752
0

5,210
0

-2,249
0

-38
0

-309
0

(27,589)

(19,575)

(24,291)

(22,335)

(23,030)

-9,024
-4,107
0
-225
234
2,264
0
0
-5,039
-1,009
0

-9,908
-4,153
0
270
99
719
0
0
-2,289
12,426
0

-8,118
-4,053
0
6
-11
1,557
0
0
-493
275
0

-8,753
-3,298
0
-339
-311
4,588
0
676
319
705
0

-11,258
-1,932
0
-1,030
171
-2,270
0
220
781
0
0

(16,907)

(2,836)

(10,837)

(6,414)

(15,319)

(2,328)

16,884

3,473

12,211

5,152

0
0
4,780
0
0
0
4,780

-21
0
-14,816
0
0
0
(14,837)

-2
0
17,731
0
0
0
17,729

-1,634
0
4,770
0
0
-392
2,745

-40
0
3,668
0
0
216
3,845

1,815
450
0
0
-7,134

9,444
-4,522
0
0
-7,321

-2,436
-13,427
0
0
-6,716

-9,408
754
0
0
-5,862

581
-3,222
0
0
-5,706

0
(4,869)

0
(2,399)

0
(22,579)

0
(14,516)

-0
(8,347)

0
1,454
0
0
0
1,454

0
1,214
0
0
0
1,214

0
1,009
-899
0
773
883

0
3,205
-2,378
0
0
827

0
2,130
-2,270
0
0
(140)

904
904

-222
(222)

136
136

-1,006
(1,006)

-423
(423)

-58

640

-358

260

86

Liquidez
Razn Corriente
Prueba Acida
Capital de Trabajo
Apalancamiento
Razn de Endeudamiento
Razn Deuda Capital
Proporcin Deuda a Corto Plazo
Proporcin Deuda a Largo Plazo
Multiplicador de Capital
Cobertura de Intereses
Result.Oper.Neto antes Gast. Fin./Gast. Fin.
Inmovilizacin
Inmovilizacin de Activos
Rentabilidad
Rendimiento del Patrimonio (ROE)
Rendimiento del Activo (ROA)
Rendimiento del Capital (ROC)
Margen Bruto
Margen Neto
Actividad
Rotacin de Inventario
Rotacin Promedio del Activo
Raz. Cuentas por Cobrar Comerciales
Raz. Cuentas por Pagar Comerciales
Razones de Eficiencia
Eficiencia Operativa
Eficiencia Administrativa

2001

2002

2003

2004

2005

Veces
Veces
Bs

0.4
0.2
-12,372

0.3
0.2
-14,118

0.2
0.1
-24,799

0.2
0.2
-20,853

0.3
0.3
-13,208

%
Veces
%

50.6%
1.0
4.5%

50.0%
1.0
6.7%

54.3%
1.2
15.7%

50.0%
1.0
16.0%

48.9%
1.0
4.6%

%
Veces

65.5%
2.0

68.3%
2.0

57.8%
2.2

53.4%
2.0

56.5%
2.0

0.3

0.9

0.0

0.8

1.1

179.9%

176.4%

209.2%

191.4%

184.7%

%
%
%
%
%

-6.3%
-3.1%
0.4%
36.7%
-13.7%

-1.0%
-0.5%
2.5%
40.3%
-2.2%

-8.4%
-3.9%
-0.8%
34.1%
-17.8%

-1.9%
-1.0%
2.1%
42.2%
-4.1%

0.5%
0.2%
3.0%
45.1%
0.9%

44
0.2
22
55

41
0.2
30
19

24
0.2
29
90

24
0.2
28
69

21
0.3
25
68

22.3%
5.4%

21.3%
5.0%

22.1%
5.5%

21.2%
5.0%

21.6%
5.5%

Das
Veces
Das
Das
%
%

Disponibilidades
Inversiones a Corto Plazo
Cambio en Disponibilidades e Inversin

58
0
58

-640
0
(640)

358
0
358

-260
0
(260)

-86
0
(86)

Indices Financieros
2006

0.3
-12,248
47.1%
0.9
5.6%
55.3%
1.9
1.2
177.4%
1.5%
0.8%
3.5%
47.6%
2.9%
20
0.3
32
62
22.9%
7.2%

finanazzas 3
flujo de caja neto:es el flujo de caja con el que se cuadra el balance