CALCULO DE LA DEPRECIACION

Años 1 2 3 4 5 6

Obra física inicial (cierre 457,625 457,625 457,625 457,625 457,625 457,625
perimetral, cancha secado)
Panel Fotovoltaico (2) 87,320 87,320 87,320 87,320 87,320 87,320
Regulador Fotovoltaico 11,200 11,200 11,200 11,200 11,200 11,200
Convertidor Eléctrico 7,200 7,200 7,200 7,200 7,200 7,200
Batería 38,330 38,330 38,330 38,330 38,330 38,330
Kit de Montaje (4) 13,440 13,440 13,440 13,440 13,440 13,440
Cable solar (2) 31,000 31,000 31,000 31,000 31,000 31,000
Contenedores (3) 351,000 351,000 351,000 351,000 351,000 351,000
Tractor 812,500 812,500 812,500 812,500 812,500 812,500
Carro Volteo 258,888 258,888 258,888 258,888 258,888 258,888
Molino Chancador 100,000 100,000 100,000 100,000 100,000 100,000
Niveladora 54,090 54,090 54,090 54,090 54,090 54,090
Carretilla hidráulica 17,400 17,400 17,400 17,400 17,400 17,400
Estanque agua (2) 97,486 97,486 97,486 97,486 97,486 97,486
Extintores (4) 9,714 9,714 9,714 9,714 9,714 9,714
Horno Eléctrico 24,444 24,444 24,444 24,444 24,444 24,444
Calefont 6,000 6,000 6,000 6,000 6,000 6,000
Balanza digital 13,944 13,944 13,944 13,944 13,944 13,944
Depreciación Total 2,391,581 2,391,581 2,391,581 2,391,581 2,391,581 2,391,581

VALOR DE DESECHO METODO COMERCIAL

Panel Kit de Contenedor

Obra física Niveladora Baterias
fotovoltaico montaje es
Valor comercial 9,152,500 2,183,000 268,800 7,020,000 595,000 115,000
Valor contable -4,576,250 -1,309,800 -134,400 -3,510,000 -54,090 -76,660
Utilidad antes de impuesto 4,576,250 873,200 134,400 3,510,000 540,910 38,340
Impuesto 17 % 777,963 148,444 22,848 596,700 91,955 6,518
Utilidad neta 3,798,288 724,756 111,552 2,913,300 448,955 31,822
Valor contable 4,576,250 1,309,800 134,400 3,510,000 54,090 2,071,104
Valor de desecho 8,374,538 2,034,556 245,952 6,423,300 503,045 2,102,926

REINVERSIÓN
AÑO 3 5 6 7 8 9
Bateria 115,000 115000 115,000
Cable solar 155,000
Molino chancador 800,000
Carretilla hidráulica 201,800
Extintores 68,000
TOTAL 115,000 155,000 115,000 269,800 800,000 115,000
 AÑOS POR
DEPRECIA
Valor Libro
7 8 9 10 Vida útil R

457,625 457,625 457,625 457,625 20 10 4,576,250

87,320 87,320 87,320 87,320 25 15 1,309,800

11,200 11,200 11,200 11,200 10 0 -
7,200 7,200 7,200 7,200 10 0 -
38,330 38,330 38,330 38,330 3 2 76,660
13,440 13,440 13,440 13,440 20 10 134,400
31,000 31,000 31,000 31,000 5 0 -
351,000 351,000 351,000 351,000 20 10 3,510,000
812,500 812,500 8 0 -
258,888 258,888 258,888 9 0 -
100,000 100,000 100,000 100,000 8 6 600,000
54,090 54,090 54,090 54,090 11 1 54,090
17,400 17,400 17,400 17,400 7 4 69,600
97,486 97,486 97,486 97,486 10 0 -
9,714 9,714 9,714 9,714 7 4 38,856
24,444 24,444 24,444 9 0 -
6,000 6,000 6,000 6,000 10 0 -
13,944 13,944 13,944 9 0 -
2,391,581 2,391,581 1,579,081 1,281,805 21,993,534 10,369,656

Molino Carretilla
Extintores
chancador hidraulica
800,000 121,800 68,000
-600,000 -69,600 -38,856
200,000 52,200 29,144
34,000 8,874 4,954
166,000 43,326 24,190
600,000 54,090 38,856
766,000 97,416 63,046 20,610,779
 Metodo del déficit acumulado máximo

Meses 1 2 3 4 5
Ingresos 1,124,444 2,151,111 3,080,000 3,911,111 4,644,444
Egresos 5,807,290 5,807,290 5,807,290 5,807,290 5,807,290
Saldos - 4,682,846 - 3,656,179 - 2,727,290 - 1,896,179 - 1,162,846
Saldo Acum. - 4,682,846 - 8,339,024 - 11,066,314 - 12,962,493 - 14,125,339

Costos variables 7,278,000 12 606,500 606,500

Costos fab. Fijos 56,409,480 12 4,700,790 4,700,790 Costos total desembolsabl
Gastos adm. Y vent 6,000,000 12 500,000 500,000
69,687,480 5,807,290

Meses 1 2 3 4 5
Producción Kg. 10,222 19,556 28,000 35,556 42,222
Precio de venta $ 110 110 110 110 110
Ingresos $ 1,124,444 2,151,111 3,080,000 3,911,111 4,644,444
 6 7 8 9 10 11 12
5,280,000 5,817,778 6,257,778 6,600,000 6,844,444 6,991,111 7,040,000
5,807,290 5,807,290 5,807,290 5,807,290 5,807,290 5,807,290 5,807,290
- 527,290 10,488 450,488 792,710 1,037,154 1,183,821 1,232,710
- 14,652,629 -14,642,141 -14,191,653 -13,398,943 -12,361,789 -11,177,968 - 9,945,258

Costos total desembolsable

6 7 8 9 10 11 12
48,000 52,889 56,889 60,000 62,222 63,556 64,000
110 110 110 110 110 110 110
5,280,000 5,817,778 6,257,778 6,600,000 6,844,444 6,991,111 7,040,000
Monto $ 32,000,000
Interes (Tasa) 15.504%
Anualidades 5

Valor Cuota $ 9,660,262

Años Saldo Deuda Cuota Interes Amortización

1 32,000,000 9,660,262 4,961,280 4,698,982
2 27,301,018 9,660,262 4,232,750 5,427,512
3 21,873,506 9,660,262 3,391,268 6,268,994
4 15,604,512 9,660,262 2,419,324 7,240,938
5 8,363,574 9,660,262 1,296,688 8,363,574
16,301,310 32,000,000
 FLUJO DE CAJA ESCENARIO NORMAL FINAN

Demanda 664,680 664,680

Precio Unitario $ 110 $ 110
Costo Unitario $ 83 $ 83

Años 0 1 2
Venta de activos
Total Ingresos $ 73,114,800 $ 73,114,800
Costos variables - 55,168,440 - 55,168,440
Gastos adm. Y ventas - 6,000,000 - 6,000,000
Total Egresos - 61,168,440 - 61,168,440
Margen de Utilidad 11,946,360 11,946,360
Interés Préstamo - 4,961,280 - 4,232,750
Depreciación - 2,391,581 - 2,391,581
Valor Libro
Utilidad antes de Impto $ 4,593,499 $ 5,322,029
Impuesto 17.0% - 780,895 - 904,745
Utilidad Neta $ 3,812,604 $ 4,417,284
Depreciación 2,391,581 2,391,581
Valor Libro
Inversión Inicial -$ 40,412,460
Inversión de remplazo
Inversión Cap de Trabajo - 14,652,629
Préstamo $ 32,000,000
Amortización Deuda - 4,698,982 - 5,427,512
Valor de desecho
Flujo neto de fondos -$ 23,065,089 $ 1,505,203 $ 1,381,353

Inversión Neta - 55,065,089

VAN $ 20,018,827
TIR 21.8%
PR 4.13
RBC 1.21
ESCENARIO NORMAL FINANCIAMIENTO 100%

664,680 664,680 664,680 768,000 768,000

$ 110 $ 110 $ 110 $ 130 $ 130
$ 83 $ 83 $ 83 $ 100 $ 100

3 4 5 6 7

$ 73,114,800 $ 73,114,800 $ 73,114,800 $ 99,840,000 $ 99,840,000

- 55,168,440 - 55,168,440 - 55,168,440 - 76,800,000 - 76,800,000
- 6,000,000 - 6,000,000 - 6,000,000 - 5,000,000 - 5,000,000
- 61,168,440 - 61,168,440 - 61,168,440 - 81,800,000 - 81,800,000
11,946,360 11,946,360 11,946,360 18,040,000 18,040,000
- 3,391,268 - 1,248,361 - 1,115,142
- 2,391,581 - 2,391,581 - 2,391,581 - 2,391,581 - 2,391,581

$ 6,163,511 $ 8,306,418 $ 8,439,637 $ 15,648,419 $ 15,648,419

- 1,047,797 - 1,412,091 - 1,434,738 - 2,660,231 - 2,660,231
$ 5,115,714 $ 6,894,327 $ 7,004,898 $ 12,988,188 $ 12,988,188
2,391,581 2,391,581 2,391,581 2,391,581 2,391,581

- 115,000 - 155,000 - 115,000 - 269,800

- 6,268,994 - 8,411,901 - 8,545,120

$ 1,123,301 $ 874,007 $ 696,360 $ 15,264,769 $ 15,109,969

Años Saldo Deuda Cuota Interes Amortización

1 32,000,000 9,660,262 4,961,280 4,698,982
2 27,301,018 9,660,262 4,232,750 5,427,512
3 21,873,506 9,660,262 3,391,268 6,268,994
4 15,604,512 9,660,262 1,248,361 8,411,901
5 7,192,611 9,660,262 1,115,142 8,545,120
 768,000 768,000 768,000
$ 130 $ 130 $ 130
$ 100 $ 100 $ 100

8 9 10
2,500,000 500,000
$ 99,840,000 $ 102,340,000 $ 100,340,000 $ 867,774,000
- 76,800,000 - 76,800,000 - 76,800,000
- 5,000,000 - 5,000,000 - 5,000,000
- 81,800,000 - 81,800,000 - 81,800,000 - 714,842,200
18,040,000 20,540,000 18,540,000 152,931,800

- 2,391,581 - 1,579,081 - 1,281,805

- 10,369,656
$ 15,648,419 $ 18,960,919 $ 6,888,539 $ 105,619,808
- 2,660,231 - 3,223,356 - 1,171,052
$ 12,988,188 $ 15,737,563 $ 5,717,487 $ 87,664,441
2,391,581 1,579,081 1,281,805
10,369,656

- 800,000 - 115,000

20,610,779
$ 14,579,769 $ 17,201,644 $ 37,979,727 $ 105,716,101