0 3,389,831 -3,389,831
1 S/. 2,904,663 S/. 485,168 S/. 205,628 S/. 690,795
2 S/. 2,390,065 S/. 514,598 S/. 176,197 S/. 690,795
3 S/. 1,844,251 S/. 545,814 S/. 144,982 S/. 690,795
4 S/. 1,265,328 S/. 578,923 S/. 111,873 S/. 690,795
5 S/. 651,288 S/. 614,040 S/. 76,755 S/. 690,795
6 S/. 0 S/. 651,288 S/. 39,507 S/. 690,795
6.07%
PRÉSTAMO BCP
ESTRUCTURA DE INVERSIÓN
ITEM INVERSIÓN PRECIO VENTA IGV VALOR VENTA
Depreciación
1 2 3
Construcción 128,403 128,403 128,403
M y E Leasing 1,129,944 1,129,944 1,129,944
M y E sin Leasing 338,983 338,983 338,983
1,597,329 1,597,329 1,597,329
MÓDULO DE INGRESOS
crecimiento anual 5%
0 1 2
Precio de Ventas S/. 15,000,000 S/. 15,750,000
IGV S/. 2,288,136 S/. 2,402,542
Valor Ventas S/. 12,711,864 S/. 13,347,458
MÓDULO DE COSTOS
0 1 2
Costo de ventas (45% VV) S/. 5,720,339 S/. 6,006,356
IGV de las compras S/. 1,029,661 S/. 1,081,144
Precio de compra S/. 6,750,000 S/. 7,087,500
MÓDULO DE IGV
0 1 2
IGV de las ventas S/. -2,288,136 S/. -2,402,542
IGV de las compras S/. 1,029,661 S/. 1,081,144
IGV del leasing S/. 256,008 S/. 256,008
S/. -1,002,466 S/. -1,065,390
1,067,796.61 65,330.40 S/. -1,000,059.54
AMORTIZACIONES
0 1 2
Prestamo BCP S/. 1,453,657 S/. 1,657,169
GASTOS FINANCIEROS
0 1 2
Leasing
Intereses S/. 381,825 S/. 256,854
Seguros S/. 40,678 S/. 40,678
Valor recompra
S/. 422,503 S/. 297,532
BCP
Interes S/. 629,478 S/. 425,966
Comisiones S/. 190 S/. 190
S/. 629,668 S/. 426,156
ESTRUCTURA DE LA DEUDA
MONTO KD
LESASING CONSIDERADO COMO ALQUILER 4000000 12.50%
PRESTAMO 5000000 14%
DEUDA 5000000
PATRIMONIO 6000000
11000000
0 1 2
inversion -11,000,000.00
valor residual contable
ingresos S/. 15,000,000 S/. 15,750,000
Egreso costo de venta S/. -6,750,000 S/. -7,087,500
gastos administrativos S/. -1,525,424 S/. -1,601,695
Gastos de venta S/. -889,831 S/. -934,322
cuota de leasing S/. -1,678,277 S/. -1,678,277
igv x pagar S/. -1,000,059.54
impuesto a la renta S/. -578,031 S/. -745,220
devolucion de ahorro tributario S/. -188,900 S/. -127,847
S/. -3,389,831
S/. 20,339 S/. 128,004 S/. 839,139
S/. 20,339 S/. 128,004 S/. 839,139
S/. 20,339 S/. 128,004 S/. 839,139
S/. 20,339 S/. 128,004 S/. 839,139
S/. 20,339 S/. 128,004 S/. 839,139
S/. 20,339 S/. 33,898 S/. 134,106 S/. 879,139
95
Comisiones TOTAL
S/. -5,000,000
95 S/. 1,041,663
95 S/. 1,041,663
95 S/. 1,041,663
95 S/. 1,041,663
95 S/. 1,041,663
95 S/. 1,041,663
0 3 1,129,944 3,389,831 -
2,000,000 5 338,983 1,694,915 -
11,000,000 7,595,275
4 5
128,403 128,403
338,983 338,983
467,386 467,386
3 4 5
S/. 16,537,500 S/. 17,364,375 S/. 18,232,594
S/. 2,522,669 S/. 2,648,803 S/. 2,781,243
S/. 14,014,831 S/. 14,715,572 S/. 15,451,351
3 4 5
S/. 6,306,674 S/. 6,622,007 S/. 6,953,108
S/. 1,135,201 S/. 1,191,961 S/. 1,251,559
S/. 7,441,875 S/. 7,813,969 S/. 8,204,667
3 4 5
S/. -2,522,669 S/. -2,648,803 S/. -2,781,243
S/. 1,135,201 S/. 1,191,961 S/. 1,251,559
S/. 262,110
S/. -1,125,358 S/. -1,456,842 S/. -1,529,684
3 4 5
S/. 1,889,173
S/. 1,265,328
3 4 5
S/. 116,262
S/. 40,678
S/. 33,898
S/. 190,839 S/. 0 S/. 0
S/. 193,962
S/. 190
S/. 194,152 S/. 0 S/. 0
S/. 58,245.59
S/. 14,014,831 S/. 14,715,572 S/. 15,451,351
S/. -6,306,674 S/. -6,622,007 S/. -6,953,108
S/. 7,708,157 S/. 8,093,565 S/. 8,498,243
S/. -1,681,780 S/. -1,765,869 S/. -1,854,162
S/. -981,038 S/. -1,030,090 S/. -1,081,595
S/. -384,991 S/. - S/. -
S/. -1,597,329 S/. -467,386 S/. -467,386
S/. 3,063,019 S/. 4,830,220 S/. 5,095,101
S/. 918,906 S/. 1,449,066 S/. 1,528,530
S/. 2,144,113 S/. 3,381,154 S/. 3,566,570
3 4 5
7,595,275
S/. 16,537,500 S/. 17,364,375 S/. 18,232,594
S/. -7,441,875 S/. -7,813,969 S/. -8,204,667
S/. -1,681,780 S/. -1,765,869 S/. -1,854,162
S/. -981,038 S/. -1,030,090 S/. -1,081,595
S/. -1,718,277
S/. -1,125,358.16 S/. -1,456,841.63 S/. -1,529,683.71
S/. -918,906 S/. -1,449,066 S/. -1,528,530
S/. -58,246 S/. 0 S/. 0 no es salida de dinero
K DE LA UTILIDADES RETENIDAS
CASO INMOBILIARIA FAY
LEASING
6.07%
PRÉSTAMO BCP
ESTRUCTURA DE INVERSIÓN
Depreciación
1 2 3
Construcción 179,764 179,764 179,764
M y E Leasing 564,972 564,972 564,972
M y E sin Leasing 508,475 508,475 508,475
1,253,210 1,253,210 1,253,210
MÓDULO DE INGRESOS
crecimiento anual 5%
0 1 2
Precio de Ventas S/. 15,000,000 S/. 15,750,000
IGV S/. 2,288,136 S/. 2,402,542
Valor Ventas S/. 12,711,864 S/. 13,347,458
MÓDULO DE COSTOS
0 1 2
Costo de ventas (45% VV) S/. 5,720,339 S/. 6,006,356
IGV de las compras S/. 1,029,661 S/. 1,081,144
Precio de compra S/. 6,750,000 S/. 7,087,500
MÓDULO DE IGV
0 1 2
IGV de las ventas S/. -2,288,136 S/. -2,402,542
IGV de las compras S/. 1,029,661 S/. 1,081,144
IGV del leasing S/. 128,004 S/. 128,004
S/. -1,130,470 S/. -1,193,394
1,525,423.73 394,953.34 S/. -798,440.79
AMORTIZACIONES
0 1 2
Prestamo BCP S/. 1,246,996 S/. 1,331,428
GASTOS FINANCIEROS
0 1 2
Leasing
Intereses S/. 190,913 S/. 128,427
Seguros S/. 20,339 S/. 20,339
Valor recompra
S/. 211,252 S/. 148,766
BCP
Interes S/. 245,974 S/. 161,542
Comisiones S/. 100 S/. 100
S/. 246,074 S/. 161,642
ESTRUCTURA DE LA DEUDA
MONTO KD
LESASING CONSIDERADO COMO ALQUILER 4000000 12.50%
PRESTAMO 5000000 14%
DEUDA 5000000
PATRIMONIO 6000000
11000000
0 1 2
inversion -14,000,000.00
valor residual contable
ingresos S/. 15,000,000 S/. 15,750,000
Egreso costo de venta S/. -6,750,000 S/. -7,087,500
gastos administrativos S/. -1,525,424 S/. -1,601,695
Gastos de venta S/. -889,831 S/. -934,322
cuota de leasing S/. -839,139 S/. -839,139
igv x pagar S/. -798,440.79
impuesto a la renta S/. -859,721 S/. -972,440
devolucion de ahorro tributario S/. -73,822 S/. -48,493
50
Comisiones TOTAL
S/. -4,000,000 S/. -4,000,000
50 S/. 746,535
50 S/. 746,535 S/. 2,239,605
50 S/. 746,535
50 S/. 746,535
50 S/. 746,535 S/. 2,239,605
50 S/. 746,535
TIR trimestral 3.33%
TIR anual 7.89%
55
Comisiones TOTAL
S/. -2,000,000 S/. -2,000,000
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468 S/. 1,133,611
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468 S/. 1,133,611
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
55 S/. 94,468
5años
DESEMBOLSO DEPRECIACIÓN DEPRECIACIÓN VALOR RESIDUAL
AÑOS DEPREC.
INICIAL ANUAL ACUMULADA CONTABLE
2,000,000 0 0 0 2,000,000
7,000,000 33 179,764 898,819 5,033,385
2,000,000 0 0 0 2,000,000
0 3 564,972 1,694,915 -
3,000,000 5 508,475 2,542,373 -
14,000,000 9,033,385
4 5
179,764 179,764
508,475 508,475
688,238 688,238
3 4 5
S/. 16,537,500 S/. 17,364,375 S/. 18,232,594
S/. 2,522,669 S/. 2,648,803 S/. 2,781,243
S/. 14,014,831 S/. 14,715,572 S/. 15,451,351
3 4 5
S/. 6,306,674 S/. 6,622,007 S/. 6,953,108
S/. 1,135,201 S/. 1,191,961 S/. 1,251,559
S/. 7,441,875 S/. 7,813,969 S/. 8,204,667
3 4 5
S/. -2,522,669 S/. -2,648,803 S/. -2,781,243
S/. 1,135,201 S/. 1,191,961 S/. 1,251,559
S/. 131,055
S/. -1,256,413 S/. -1,456,842 S/. -1,529,684
3 4 5
S/. 1,421,576
S/. 632,664
3 4 5
S/. 58,131
S/. 20,339
S/. 16,949
S/. 95,419 S/. 0 S/. 0
S/. 71,394
S/. 100
S/. 71,494 S/. 0 S/. 0
S/. 21,448.27
3 4 5
9,033,385
S/. 16,537,500 S/. 17,364,375 S/. 18,232,594
S/. -7,441,875 S/. -7,813,969 S/. -8,204,667
S/. -1,681,780 S/. -1,765,869 S/. -1,854,162
S/. -981,038 S/. -1,030,090 S/. -1,081,595
S/. -859,139
S/. -1,256,413.19 S/. -1,456,841.63 S/. -1,529,683.71
S/. -1,087,565 S/. -1,382,810 S/. -1,462,274
S/. -21,448 S/. 0 S/. 0 no es salida de dinero
K DE LA UTILIDADES RETENIDAS