ESTADO DE FLUJO DE EFECTIVO PROYECTADO MENSUAL

Inicial A
0 1 2 3 4
Actividades Operacionales - - 5,811.36 1,510.55 1,334.53 1,774.91
Utilidad Neta - - 1,845.78 402.56 408.30 716.32
Depreciaciones y amortizacion
+ Depreciación - 320.47 320.47 320.47 320.47
+ Amortización - 13.00 13.00 13.00 13.00
- ∆ CxC - - 5,871.60 - 13.98 - 13.98 - 41.94
- ∆ Inventario PT - - 205.03 - 20.51 - 0.56 0.51
- ∆ Inventario MP - - - - -
- ∆ Inventario SF - - - - -
+ ∆ CxP PROVEEDORES - 1,176.00 2.80 2.80 8.40
+ ∆ Sueldos por pagar - 601.58 601.58 601.58 601.58
+ ∆ Impuestos - - 204.62 2.92 156.57

Actividades de Inversión - 51,870.00 - - - -

- Adquisición PPE y intangi - 51,870.00 - - -

Actividades de Financiam 56,896.72 - 177.31 - 178.99 - 180.68 - 182.38

+ ∆ Deuda Largo Plazo 14,224.18 - 177.31 - 178.99 - 180.68 - 182.38
- Pago de dividendos
+ ∆ Capital 42,672.54

INCREMENTO NETO EN 5,026.72 - 5,988.67 1,331.56 1,153.85 1,592.53

EFECTIVO PRINCIPIOS DE P - 5,026.72 - 961.95 369.61 1,523.46
TOTAL EFECTIVO FINAL 5,026.72 - 961.95 369.61 1,523.46 3,115.99
ECTADO MENSUAL

AÑO 1
5 6 7 8 9 10 11 12
1,682.94 - 2,794.22 1,099.96 - 1,342.65 902.43 2,118.67 1,973.26 - 2,627.30
759.15 - 3,310.36 - 582.35 - 547.26 542.04 996.62 1,053.42 1,105.58

320.47 320.47 320.47 320.47 320.47 320.47 320.47 320.47

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- 41.94 - 41.94 1,034.38 - 34.50 - 1,139.68 - 55.92 - 55.92 - 55.92
0.50 0.49 0.49 - 9.52 0.13 0.65 0.64 0.27
- - - - - - - -
- - - - - - - -
8.40 8.40 8.40 8.40 11.20 11.20 11.20 11.20
601.58 601.58 601.58 - 1,111.08 601.58 601.58 601.58 - 4,048.42
21.77 - 385.87 - 296.01 17.84 553.69 231.06 28.87 26.51

- - - - - - - -
- - - - - - - -

- 184.11 - 185.84 - 187.60 - 189.37 - 191.16 - 192.96 - 194.79 - 196.62

- 184.11 - 185.84 - 187.60 - 189.37 - 191.16 - 192.96 - 194.79 - 196.62

1,498.83 - 2,980.06 912.36 - 1,532.02 711.27 1,925.71 1,778.48 - 2,823.92

3,115.99 4,614.82 1,634.76 2,547.12 1,015.10 1,726.37 3,652.08 5,430.56
4,614.82 1,634.76 2,547.12 1,015.10 1,726.37 3,652.08 5,430.56 2,606.64
 AÑO 2
13 14 15 16 17 18 19 20
- 1,037.44 2,995.66 1,983.04 2,045.92 2,072.71 2,116.00 - 2,502.56 1,203.74
- 773.46 1,069.47 1,087.30 1,110.71 1,136.26 1,180.91 - 1,865.91 1,275.42

320.47 320.47 320.47 320.47 320.47 320.47 320.47 320.47

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- 262.37 - - 14.40 - 28.80 - 28.80 - 43.20 - 43.20 - 57.60
- 7.21 4.19 - 9.88 - 0.20 - 0.03 0.50 0.13 0.29
- - - - - - - -
- - - - - - - -
14.00 38.55 - 35.75 5.60 5.60 8.40 8.40 11.20
613.23 613.23 613.23 613.23 613.23 613.23 613.23 - 1,955.77
- 955.11 936.75 9.06 11.90 12.98 22.70 - 1,548.69 1,596.72

- - - - - - - -
- - - - - - - -

- 198.48 - 200.35 - 202.25 - 204.16 - 206.08 - 208.03 - 209.99 - 211.98

- 198.48 - 200.35 - 202.25 - 204.16 - 206.08 - 208.03 - 209.99 - 211.98

- 1,235.92 2,795.31 1,780.79 1,841.76 1,866.63 1,907.97 - 2,712.56 991.76

2,606.64 1,370.71 4,166.02 5,946.82 7,788.58 9,655.21 ### 8,850.63
1,370.71 4,166.02 5,946.82 7,788.58 9,655.21 ### 8,850.63 9,842.39
 21 22 23 24 25 26 27 28
2,276.43 1,727.58 2,616.72 - 2,237.43 - 228.95 3,799.26 2,759.51 2,810.94
1,355.72 1,012.86 1,486.96 1,617.35 - 90.23 1,829.74 1,846.17 1,864.53

320.47 320.47 320.47 320.47 320.47 320.47 320.47 320.47

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- 72.00 - 72.00 - 72.00 - 100.80 - 229.10 - 14.83 - 14.83 - 14.83
- 8.81 0.28 0.08 3.22 - 3.16 5.11 0.15 - 9.59
- - - - - - - -
- - - - - - - -
14.00 14.00 14.00 19.60 2.80 44.63 - 39.03 2.80
613.23 613.23 613.23 - 4,176.55 625.23 625.23 625.23 625.23
40.82 - 174.27 240.98 66.28 - 867.95 975.91 8.35 9.33

- - - - - - - -
- - - - - -

- 213.98 - 216.00 - 218.04 - 220.10 - 222.17 - 224.27 - 226.39 - 228.53

- 213.98 - 216.00 - 218.04 - 220.10 - 222.17 - 224.27 - 226.39 - 228.53
-
-

2,062.45 1,511.58 2,398.69 - 2,457.53 - 451.13 3,574.99 2,533.12 2,582.41

9,842.39 ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
 AÑO 3
29 30 31 32 33 34 35 36
2,829.20 2,870.69 2,923.38 - 4,366.37 4,691.76 3,147.91 3,228.38 - 1,591.95
1,884.82 1,926.71 1,983.64 - 1,119.39 2,143.38 2,213.51 2,290.16 2,390.03

320.47 320.47 320.47 320.47 320.47 320.47 320.47 320.47

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- 29.67 - 44.50 - 59.33 - 74.17 - 74.17 - 74.17 - 74.17 - 74.17
- 0.58 0.09 0.24 0.73 - 8.60 0.22 0.72 2.48
- - - - - - - -
- - - - - - - -
5.60 8.40 11.20 14.00 14.00 14.00 14.00 14.00
625.23 625.23 625.23 - 1,943.77 625.23 625.23 625.23 - 4,308.53
10.32 21.29 28.94 - 1,577.25 1,658.45 35.65 38.96 50.76

- - - - - - - -
- - - - - - - -

- 230.68 - 232.86 - 235.06 - 237.28 - 239.52 - 241.78 - 244.06 - 246.37

- 230.68 - 232.86 - 235.06 - 237.28 - 239.52 - 241.78 - 244.06 - 246.37

2,598.51 2,637.83 2,688.32 - 4,603.65 4,452.24 2,906.13 2,984.31 - 1,838.32

### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
 AÑO 4
37 38 39 40 41 42 43 44
324.96 4,479.27 3,388.53 3,434.99 3,414.53 3,457.98 3,499.61 1,018.18
631.21 2,594.68 2,596.26 2,597.84 2,585.52 2,633.99 2,684.40 2,760.53

185.75 185.75 185.75 185.75 185.75 185.75 185.75 185.75

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- 237.66 - - - - - 45.84 - 45.84 - 61.12
- 10.93 5.36 - - - 1.06 0.44 - 9.31 1.53
- - - - - - - -
- - - - - - - -
- 44.86 - 44.86 - - 8.40 8.40 11.20
637.59 637.59 637.59 637.59 637.59 637.59 637.59 - 1,931.41
- 894.00 998.03 0.80 0.81 - 6.26 24.64 25.62 38.69

- - - - - - - -
- - - - - - -

- 248.70 - 251.04 - 253.41 - 255.81 - 258.22 - 260.66 - 263.12 - 265.61

- 248.70 - 251.04 - 253.41 - 255.81 - 258.22 - 260.66 - 263.12 - 265.61

76.26 4,228.23 3,135.12 3,179.18 3,156.31 3,197.32 3,236.49 752.57

### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
 45 46 47 48 49 50 51 52
- 1,340.61 5,265.84 3,602.76 - 1,477.59 574.19 4,867.83 3,746.76 3,794.25
- 513.02 2,763.87 2,765.56 2,767.27 920.74 2,940.74 2,942.50 2,944.28

185.75 185.75 185.75 185.75 185.75 185.75 185.75 185.75

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- - - - - 249.39 - - -
- - - - - 7.64 5.55 - -
- - - - - - - -
- - - - - - - -
- - - - - 45.70 - 45.70 -
637.59 637.59 637.59 - 4,444.48 650.32 650.32 650.32 650.32
- 1,663.93 1,665.63 0.86 0.87 - 938.58 1,026.76 0.89 0.90

- - - - - - - -
- - - - - - - -

- 268.11 - 270.64 - 273.20 - 275.78 - 278.38 - 281.01 - 283.66 - 286.34

- 268.11 - 270.64 - 273.20 - 275.78 - 278.38 - 281.01 - 283.66 - 286.34

- 1,608.73 4,995.19 3,329.56 - 1,753.37 295.81 4,586.82 3,463.10 3,507.91

### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
 AÑO 5
53 54 55 56 57 58 59 60
3,796.05 3,797.87 3,799.71 1,232.56 3,803.43 - 1,283.17 5,522.04 - 1,425.69
2,946.07 2,947.88 2,949.71 2,951.55 2,953.41 - 418.37 2,957.19 2,959.10

185.75 185.75 185.75 185.75 185.75 185.75 185.75 185.75

13.00 13.00 13.00 13.00 13.00 13.00 13.00 13.00
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
650.32 650.32 650.32 - 1,918.68 650.32 650.32 650.32 - 4,584.52
0.91 0.92 0.93 0.94 0.95 - 1,713.86 1,715.78 0.97

- - - - - - - -
- - - - - - - -

- 289.05 - 291.78 - 294.53 - 297.31 - 300.12 - 302.95 - 305.81 - 308.70

- 289.05 - 291.78 - 294.53 - 297.31 - 300.12 - 302.95 - 305.81 - 308.70

3,507.01 3,506.10 3,505.18 935.25 3,503.31 - 1,586.12 5,216.23 - 1,734.39

### ### ### ### ### ### ### ###
### ### ### ### ### ### ### ###
 ESTADO DE FLUJO DE EFECTIVO PROYECTADO ANUAL

AÑOS Año 0 Año 1 Año 2 Año 3 Año 4 Año 5

Actividades Operaciona - 78 222 366 510 654

Utilidad Neta (178) 13,260 22,874 29,068 32,226
Depreciaciones y amortizacion
+ Depreciación - - - - -
+ Amortización 3,846 3,846 3,846 2,229 2,229
- ∆ CxC 156 156 156 156 156
- ∆ Inventario PT - (6,333) (795) (778) (390) (249)
- ∆ Inventario MP - (232) (17) (12) (14) (2)
- ∆ Inventario SF - - - - -
+ ∆ CxP PROVEEDORES - - - - -
+ ∆ Sueldos por pagar 1,268 118 106 28 -
+ ∆ Impuestos 856 - - - -
562 260 393 192 98
Actividades de Inversió - - - - -
- Adquisición PPE y in (51,870) - - - -
(51,870) - - - -
Actividades de Financi - - - - -
+ ∆ Deuda Largo Plazo a 56,897 54,655 (2,440) (2,809) (3,144) (3,520)
- Pago de dividendos 11,982 (2,509) (2,809) (3,144) (3,520)
+ ∆ Capital - - - - -
42,673 - - - -
INCREMENTO NETO EN - - - - - -
EFECTIVO AL FIN DEL PERIODO - 42,673 42,673 42,673 42,673
TOTAL EFECTIVO FINAL - 42,673 42,673 42,673 42,673 42,673
ANUAL
 Inicial AÑO 1
0 1 2 3 4 5 6
Cobranza 5,871.60 11,757.18 11,785.14 11,841.06 11,924.94 12,008.82
Total entradas 5,871.60 11,757.18 11,785.14 11,841.06 11,924.94 12,008.82

Pago de cuentas 2,944.20 2,951.20 2,966.60 2,987.60 3,008.60 3,029.60

Salarios, Impuestos y otros 6,359.06 5,962.10 5,363.43 4,918.41 4,338.60 3,351.14
Inversion en Activo fijo - - - - - -
Gastos de financiamiento 134.30 132.63 130.94 129.23 127.51 125.77
Total de desembolsos 9,437.56 9,045.92 8,460.96 8,035.24 7,474.71 6,506.51

Entrada neta de Efectivo (3,565.96) 2,711.26 3,324.18 3,805.82 4,450.23 5,502.31

Saldo inicial de efectivo 5,026.72 1,460.77 4,172.02 7,496.20 11,302.02 15,752.25
Saldo final de efectivo 1,460.77 4,172.02 7,496.20 11,302.02 15,752.25 21,254.56

Efectivo total 5,026.72 (961.95) 369.61 1,523.46 3,115.99 4,614.82 1,634.76

Excedente de 3,565.96 2,604.01 (2,341.65) (1,800.71) (689.83) 164.59 (3,867.55)

REQUERIMIENTO CAPITAL TRABAJO

5,026.72
AÑO 1
7 8 9 10 11 12 13 14
11,016.38 10,016.50 11,190.68 12,386.28 12,498.12 12,609.96 12,928.25 13,190.62
11,016.38 10,016.50 11,190.68 12,386.28 12,498.12 12,609.96 12,928.25 13,190.62

3,050.60 3,075.80 3,103.80 3,131.80 3,159.80 3,192.00 3,263.82 3,248.75

2,453.55 3,582.47 3,534.58 3,164.05 2,591.34 6,666.27 5,756.47 6,079.99
- - - - - - - -
124.02 122.24 120.46 118.65 116.83 114.99 113.13 111.26
5,628.17 6,780.51 6,758.83 6,414.50 5,867.97 9,973.26 9,133.42 9,440.00

5,388.21 3,235.99 4,431.85 5,971.78 6,630.15 2,636.70 3,794.83 3,750.62

21,254.56 26,642.77 29,878.76 34,310.61 40,282.38 46,912.54 49,549.24 53,344.06
26,642.77 29,878.76 34,310.61 40,282.38 46,912.54 49,549.24 53,344.06 57,094.69

2,547.12 1,015.10 1,726.37 3,652.08 5,430.56 2,606.64 1,370.71 4,166.02

(2,841.09) (2,220.89) (2,705.48) (2,319.70) (1,199.60) (30.06) (2,424.11) 415.40
 AÑO 2
15 16 17 18 19 20 21 22
13,205.02 13,248.22 13,305.82 13,377.82 13,464.22 13,565.02 13,694.63 13,838.63
13,205.02 13,248.22 13,305.82 13,377.82 13,464.22 13,565.02 13,694.63 13,838.63

3,221.40 3,235.40 3,253.60 3,274.60 3,299.80 3,332.00 3,367.00 3,402.00

5,475.82 4,874.49 4,274.24 3,683.70 1,521.79 5,074.28 4,501.87 3,714.36
- - - - - - - -
109.37 107.46 105.53 103.58 101.62 99.64 97.64 95.62
8,806.59 8,217.34 7,633.37 7,061.89 4,923.21 8,505.92 7,966.50 7,211.98

4,398.43 5,030.88 5,672.45 6,315.93 8,541.02 5,059.11 5,728.12 6,626.65

57,094.69 61,493.12 66,523.99 72,196.44 78,512.38 87,053.39 92,112.50 97,840.63
61,493.12 66,523.99 72,196.44 78,512.38 87,053.39 92,112.50 97,840.63 104,467.28

5,946.82 7,788.58 9,655.21 11,563.18 8,850.63 9,842.39 11,904.84 13,416.42

1,548.39 2,757.70 3,982.76 5,247.25 309.61 4,783.28 6,176.72 6,789.77
 PRESUPUESTO DE EFECTIVO

AÑO 3
23 24 25 26 27 28 29 30
13,982.63 14,155.43 14,485.34 14,729.28 14,758.94 14,788.61 14,833.11 14,907.28
13,982.63 14,155.43 14,485.34 14,729.28 14,758.94 14,788.61 14,833.11 14,907.28

3,445.40 3,469.20 3,538.95 3,525.03 3,490.20 3,501.40 3,519.60 3,544.80

3,342.11 7,584.93 6,244.53 6,595.21 5,978.34 5,362.44 4,747.52 4,143.58
- - - - - - - -
93.58 91.52 89.44 87.34 85.23 83.09 80.93 78.75
6,881.09 11,145.65 9,872.92 10,207.59 9,553.76 8,946.92 8,348.05 7,767.13

7,101.54 3,009.78 4,612.42 4,521.69 5,205.18 5,841.69 6,485.06 7,140.14

104,467.28 111,568.82 114,578.61 119,191.03 123,712.72 128,917.90 134,759.59 141,244.65
111,568.82 114,578.61 119,191.03 123,712.72 128,917.90 134,759.59 141,244.65 148,384.79

15,815.11 13,357.58 12,906.45 16,481.44 19,014.56 21,596.97 24,195.49 26,833.32

8,713.56 10,347.79 8,294.03 11,959.75 13,809.38 15,755.29 17,710.43 19,693.18
DE EFECTIVO

AÑO 3
31 32 33 34 35 36 37 38
15,011.11 15,144.61 15,292.94 15,441.27 15,589.60 15,737.93 16,049.75 16,287.41
15,011.11 15,144.61 15,292.94 15,441.27 15,589.60 15,737.93 16,049.75 16,287.41

3,577.00 3,612.00 3,647.00 3,682.00 3,717.00 3,731.00 3,798.29 3,775.86

3,547.29 3,913.80 4,947.02 4,357.44 3,771.17 8,130.47 6,899.84 7,260.28
- - - - - - - -
76.55 74.33 72.09 69.83 67.55 65.24 62.92 60.57
7,200.84 7,600.14 8,666.12 8,109.27 7,555.72 11,926.71 10,761.06 11,096.71

7,810.27 7,544.47 6,626.82 7,331.99 8,033.88 3,811.22 5,288.70 5,190.69

148,384.79 156,195.06 163,739.52 170,366.34 177,698.34 185,732.21 189,543.43 194,832.13
156,195.06 163,739.52 170,366.34 177,698.34 185,732.21 189,543.43 194,832.13 200,022.82

29,521.63 24,917.98 29,370.22 32,276.35 35,260.67 33,422.35 33,498.61 37,726.84

21,711.37 17,373.52 22,743.40 24,944.36 27,226.79 29,611.13 28,209.91 32,536.14
 AÑO 4
39 40 41 42 43 44 45 46
16,287.41 16,287.41 16,287.41 16,333.24 16,424.92 16,531.87 16,592.99 16,592.99
16,287.41 16,287.41 16,287.41 16,333.24 16,424.92 16,531.87 16,592.99 16,592.99

3,731.00 3,731.00 3,743.60 3,764.60 3,789.80 3,801.00 3,801.00 3,801.00

6,623.49 5,986.71 5,342.86 4,729.91 4,117.94 6,088.05 3,786.53 4,814.57
- - - - - - - -
58.20 55.81 53.39 50.95 48.49 46.01 43.50 40.97
10,412.69 9,773.52 9,139.85 8,545.46 7,956.23 9,935.05 7,631.03 8,656.54

5,874.71 6,513.89 7,147.56 7,787.78 8,468.68 6,596.82 8,961.96 7,936.45

200,022.82 205,897.53 212,411.42 219,558.98 227,346.76 235,815.45 242,412.26 251,374.22
205,897.53 212,411.42 219,558.98 227,346.76 235,815.45 242,412.26 251,374.22 259,310.67

40,861.95 44,041.13 47,197.45 50,394.76 53,631.26 54,383.83 52,775.10 57,770.29

34,987.24 37,527.24 40,049.89 42,606.98 45,162.57 47,787.01 43,813.14 49,833.84
 AÑO 5
47 48 49 50 51 52 53 54
16,592.99 16,592.99 16,842.38 17,091.77 17,091.77 17,091.77 17,091.77 17,091.77
16,592.99 16,592.99 16,842.38 17,091.77 17,091.77 17,091.77 17,091.77 17,091.77

3,801.00 3,801.00 3,869.55 3,846.70 3,801.00 3,801.00 3,801.00 3,801.00

4,177.84 8,623.19 7,271.44 7,647.88 6,998.45 6,349.04 5,699.63 5,050.23
- - - - - - - -
38.41 35.84 33.23 30.60 27.95 25.27 22.57 19.84
8,017.25 12,460.02 11,174.22 11,525.18 10,827.40 10,175.31 9,523.20 8,871.07

8,575.73 4,132.96 5,668.15 5,566.59 6,264.37 6,916.46 7,568.58 8,220.71

259,310.67 267,886.41 272,019.37 277,687.53 283,254.11 289,518.48 296,434.95 304,003.52
267,886.41 272,019.37 277,687.53 283,254.11 289,518.48 296,434.95 304,003.52 312,224.23

61,099.86 59,346.49 59,642.30 64,229.12 67,692.22 71,200.13 74,707.14 78,213.23

52,524.12 55,213.53 53,974.15 58,662.53 61,427.85 64,283.67 67,138.56 69,992.53
AÑO 5
55 56 57 58 59 60
17,091.77 17,091.77 17,091.77 17,091.77 17,091.77 17,091.77
17,091.77 17,091.77 17,091.77 17,091.77 17,091.77 17,091.77

3,801.00 3,801.00 3,801.00 3,801.00 3,801.00 1,520.40

4,400.84 6,320.45 5,671.08 3,306.90 4,372.36 8,957.85
- - - - - -
17.08 14.30 11.50 8.66 5.80 2.91
8,218.92 10,135.76 9,483.58 7,116.56 8,179.16 10,481.16

8,872.85 6,956.01 7,608.20 9,975.21 8,912.61 6,610.61

312,224.23 321,097.08 328,053.10 335,661.29 345,636.51 354,549.12
321,097.08 328,053.10 335,661.29 345,636.51 354,549.12 361,159.72

81,718.41 82,653.66 86,156.97 84,570.84 89,787.07 88,052.68

72,845.56 75,697.64 78,548.77 74,595.63 80,874.46 81,442.07