ESTUDO DE CASO - HOTEL ILHA DO SOL

DEMONSTRAO DO RESULTADO SINTTICA

DEPTOS OPERACIONAIS
RECEITAS
Hospedagem
Alimentos & Bebidas
Outros Departamentos Operacionais
(-) CUSTOS E DEPESAS OPERACIONAIS
Hospedagem
Alimentos & Bebidas
Outros Deptos Operacionais

Ano 1

Ano 2

8,860,740.00
6,262,305.00
2,379,982.50
218,452.50
(3,120,087.49)
(1,469,737.50)
(1,645,980.94)
(4,369.05)

9,569,993.40
6,881,943.60
2,447,982.00
240,067.80
(3,151,494.61)
(1,473,570.00)
(1,673,123.25)
(4,801.36)

(=) MARGEM OPERACIONAL BRUTA

5,740,652.51

6,418,498.79

(-) DESP. OPERACIONAIS NO DISTRIBUDAS

Administrao e Geral
Marketing, Vendas e Franquia
Patrimnio Operacional & Manuteno
Utilidades

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(=) RESULTADO OPERACIONAL BRUTO

3,440,652.51

4,118,498.79

(585,378.10)

(664,429.67)

2,855,274.41

3,454,069.12

(80,000.00)

(80,000.00)

2,775,274.41

3,374,069.12

(660,000.00)

(660,000.00)

(=) LUCRO ANTES DO IMPOSTO DE RENDA (LAIR)

(-) Imposto de Renda e Contribuio Social

2,115,274.41
(719,193)

2,714,069.12
(922,784)

RESULTADO LQUIDO

1,396,081.11

1,791,285.62

(-) Taxa de Administrao

(=) RESULTADO ANTES DOS ENCARGOS FIXOS
(-) DESPESAS FIXAS
(=) RESULTADO OPERACIONAL LQUIDO AJUSTADO
(-) Depreciao e Amortizao

19%

Ano 1

Ano 2

1,396,081.11
660,000.00
(132,000.00)
(265,822.20)

1,791,285.62
660,000.00
(132,000.00)
(21,277.60)

1,658,258.91

2,298,008.02

Ano 0

FLUXO DE CAIXA
RESULTADO LQUIDO
+ DEPRECIAO
- CAPEX
- INVESTIMENTO EM CAPITAL DE GIRO
- INVESTIMENTO INICIAL
FLUXO DE CAIXA

(16,500,000)
(16,500,000.00)
0

Perodo (n)
Taxa de Desconto

16%

10%

Fluxo de Caixa
(1+i)n

(16,500,000.00)
(1 + 0,10)0

1,658,258.91
(1 + 0,10)1

2,298,008.02
(1 + 0,10)2

Fluxo de Caixa
(1+i)n

(16,500,000.00)

1,658,258.91

2,298,008.02

1.000

1.100

1.210

(16,500,000.00)

1,507,508.10

1,899,180.18

17,812,925.40

Valor Presente Lquido (VPL)

PREMISSAS DE HOSPEDAGEM
Nmero de UHS
Taxa de Ocupao
Diria Mdia
Taxa de Ocupao Mltipla
Impostos s/ Receita de Hospedagem
Nmero de Funcionrios Hospedagem
Salrio Mdio
Encargos
Benefcios
Amenities
Decorao
Material de Limpeza
Lavanderia (Uniforme e Roupa de Cama)
Outras Despesas Operacionais

Ano 1

Ano 2

70%
190.00

72%
203.00

150

1.5
14.0%
30
1,400
80.0%
10.0%
2.5
2,000
4,500
R$ 1
25,000

s/ Rec. Hospedagem
por ms
s/ Salrio
s/ Salrio
p/ UH Ocupada
por ms
por ms
p/ UH Ocupada
por ms

PREMISSAS DE A&B
Receita de Alimentos (Hspede)
Receita de Bebidas (Hspede)
Receita de Alimentos (Passante)
Receita de Bebidas (Passante)
Impostos s/ A&B
Custos de Alimentos
Custos de Bebidas
Nmero de Funcionrios Hospedagem
Salrio Mdio
Encargos
Benefcios
Lavanderia (Toalhas e Guardanapos)
Outras Despesas Operacionais

R$ 35
R$ 10
15.0%
15.0%
20.0%
30.0%
30.0%
20
1,500
80.0%
10.0%
R$ 1
1,000

p/ hspede
p/ hspede
Receita Alim. Hspede
Receita Bebida Hspede
s/ Rec. De A&B
Receita Bruta Alim.
Receita Bruta Bebidas.
por ms
s/ Salrio
s/ Salrio
p/ hspede
por ms

PREMISSAS OUTROS DEPARTAMENTOS

Receita
Custo e Despesas
PREMISSAS DESPESAS OPERACIONAIS
Despesad c/ Administrao Geral

3.0% s/ Receita Bruta de Hospedagem

2.0% s/ Receita de Outros Departamentos

900,000 a.a

Despesad c/ Marketing, Vendas e Franquia

Despesad c/ Manuteno
Despesad c/ Utilidades
TAXA DE ADMINISTRAO
Taxa Bsica
Taxa de Incentivo
DESPESAS FIXAS
DEPRECIAO E AMORTIZAO
IMPOSTOS S/ PESSOA JURDICA
Contribuio Social s/ Lucro Lquido (CSLL)
Imposto de Renda Pessoa Jurdica

INVESTIMENTOS
Investimento Inicial
CAPEX
Capital de Giro

280,000 a.a
400,000 a.a
720,000 a.a

3.5% s/ Receita Lquida Total

8.0% s/ Resultado Operacional Bruto
80,000 a.a
4.0% s/ Investimento Total

9.0% s/ LAIR
25.0% s/ LAIR

110,000 p/ UH
20.0% da Depreciao
3.0% sobre Receita Lquida

UHs Ocupadas
Hspedes
HOSPEDAGEM
RECEITA DE HOSPEDAGEM
Dirias
(-) Impostos (PIS, COFINS e ISS)
DESPESAS PESSOAL
% Receita Lquida

14.0%

38,325
57,488

39,420
59,130

Ano 1

Ano 2

6,262,305.00
7,281,750.00
(1,019,445.00)

6,881,943.60
8,002,260.00
(1,120,316.40)

(957,600.00)

(957,600.00)

15.3%

13.9%

(504,000.00)
(403,200.00)
(50,400.00)
(512,137.50)

(504,000.00)
(403,200.00)
(50,400.00)
(515,970.00)

8.2%

7.5%

(95,812.50)
(24,000.00)
(54,000.00)
(38,325.00)
(300,000.00)
(1,469,737.50)
4,792,567.50

(98,550.00)
(24,000.00)
(54,000.00)
(39,420.00)
(300,000.00)
(1,473,570.00)
5,408,373.60

% Receita Lquida

-76.5%

-78.6%

ALIMENTOS e BEBIDAS
RECEITA BRUTA
Alimentos (Hspede)
Bebidas (Hspede)

Ano 1

Ano 2

Salrios
Encargos
Benefcios
OUTRAS DESPESAS
% Receita Lquida

Amenities
Decorao
Suprimento de Limpeza
Lavanderia
Outras Despesas Operacionais
Total Despesas de Hospedagem
RESULTADO DE HOSPEDAGEM

2,974,978.13
2,012,062.50
574,875.00

3,059,977.50
2,069,550.00
591,300.00

Alimentos (Passante)
Bebidas (Passante)
RECEITA LQUIDA DE A&B
Alimentos
Bebidas
(-) Impostos (PIS, COFINS e ICMS)
CUSTO DE VENDAS
Custo de Alimentos
Custo de Bebidas
RESULTADO BRUTO

20.0%

% Receita Lquida

DESPESAS PESSOAL
Salrios
Encargos
Benefcios
OUTRAS DESPESAS
Lavanderia (Uniformes e Roupa de Cama)
Despesas Operacionais
Total de Custos e Despesas de A&B
RESULTADO DE A&B
% Receita Lquida de A&B

OUTROS DEPTOS OPERACIONAIS

Receita de Outros Departamentos
Custos e Despesas
RESULTADO DE OUTROS DEPTOS OPERACIONAIS
DESPESAS OPERACIONAIS
Despesad c/ Administrao Geral
Despesad c/ Marketing, Vendas e Franquia
Despesad c/ Manuteno
Despesad c/ Utilidades
TAXA DE ADMINISTRAO
Receita Lquida Total
Resultado Bruto Operacional
Taxa Bsica
Taxa de Incentivo
TOTAL TAXA DE ADMINISTRAO
ALUGUEL, IMPOSTOS S/ PROPRIEDADE E SEGUROS
Despesas Fixas

3.5%
8.0%

301,809.38
86,231.25

310,432.50
88,695.00

2,379,982.50
2,313,871.88
661,106.25
(594,995.63)
(892,493.44)
(694,161.56)
(198,331.88)
1,487,489.06

2,447,982.00
2,379,982.50
679,995.00
(611,995.50)
(917,993.25)
(713,994.75)
(203,998.50)
1,529,988.75

62.5%

62.5%

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(69,487.50)
(57,487.50)
(12,000.00)
(1,645,980.94)
734,001.56

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(71,130.00)
(59,130.00)
(12,000.00)
(1,673,123.25)
774,858.75

30.8%

31.7%

Ano 1

Ano 2

218,452.50
(4,369.05)
214,083.45

240,067.80
(4,801.36)
235,266.44

Ano 1

Ano 2

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

Ano 1

Ano 2

8,860,740.00
3,440,652.51
(310,125.90)
(275,252.20)
(585,378.10)

9,569,993.40
4,118,498.79
(334,949.77)
(329,479.90)
(664,429.67)

Ano 1

Ano 2

(80,000.00)

(80,000.00)

DEPRECIAO E AMORTIZAO
(-) Depreciao e Amortizao

Ano 1

Ano 2

(660,000.00)

(660,000.00)

IMPOSTOS S/ PESSOA JURDICA

Contribuio Social s/ Lucro Lquido (CSLL)
Imposto de Renda Pessoa Jurdica

Ano 1

Ano 2

(190,374.70)
(528,818.60)

(244,266.22)
(678,517.28)

(719,193.30)

TOTAL DE IMPOSTOS S/ PJ
CAPITAL DE GIRO
Receita Lquida Total
Capital de Giro
Investimento em Capital de Giro

3.0%

(922,783.50)

Ano 1

Ano 2

8,860,740.00
265,822.20
(265,822.20)

9,569,993.40
287,099.80
(21,277.60)

www.financasfacil.com
Ano 9

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

10,200,905.03
7,458,734.85
2,481,981.75
260,188.43
(3,167,384.42)
(1,475,486.25)
(1,686,694.40)
(5,203.77)

11,028,566.26
8,192,790.00
2,549,981.26
285,795.00
(3,198,871.37)
(1,479,318.75)
(1,713,836.72)
(5,715.90)

11,360,778.30
8,480,950.20
2,583,981.00
295,847.10
(3,214,559.82)
(1,481,235.00)
(1,727,407.88)
(5,916.94)

11,697,863.10
8,773,818.90
2,617,980.75
306,063.45
(3,230,251.55)
(1,483,151.25)
(1,740,979.03)
(6,121.27)

12,039,820.65
9,071,396.10
2,651,980.50
316,444.05
(3,245,946.57)
(1,485,067.50)
(1,754,550.19)
(6,328.88)

12,271,166.79
9,262,090.35
2,685,980.26
323,096.18
(3,261,567.02)
(1,486,983.75)
(1,768,121.35)
(6,461.92)

12,504,462.00
9,454,668.00
2,719,980.00
329,814.00
(3,277,188.78)
(1,488,900.00)
(1,781,692.50)
(6,596.28)

7,033,520.61

7,829,694.89

8,146,218.48

8,467,611.55

8,793,874.08

9,009,599.77

9,227,273.22

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

4,733,520.61

5,529,694.89

5,846,218.48

6,167,611.55

6,493,874.08

6,709,599.77

6,927,273.22

(735,713.33)

(828,375.41)

(865,324.72)

(902,834.13)

(940,903.65)

(966,258.82)

(991,838.03)

3,997,807.28

4,701,319.48

4,980,893.76

5,264,777.42

5,552,970.43

5,743,340.95

5,935,435.19

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

3,917,807.28

4,621,319.48

4,900,893.76

5,184,777.42

5,472,970.43

5,663,340.95

5,855,435.19

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

3,257,807.28
(1,107,654)

3,961,319.48
(1,346,849)

4,240,893.76
(1,441,904)

4,524,777.42
(1,538,424)

4,812,970.43
(1,636,410)

5,003,340.95
(1,701,136)

5,195,435.19
(1,766,448)

2,150,152.80

2,614,470.86

2,798,989.88

2,986,353.09

3,176,560.48

3,302,205.02

3,428,987.22

21%

24%

25%

26%

26%

27%

27%

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

2,150,152.80
660,000.00
(132,000.00)
(18,927.35)

2,614,470.86
660,000.00
(132,000.00)
(24,829.84)

2,798,989.88
660,000.00
(132,000.00)
(9,966.36)

2,986,353.09
660,000.00
(132,000.00)
(10,112.54)

3,176,560.48
660,000.00
(132,000.00)
(10,258.73)

3,302,205.02
660,000.00
(132,000.00)
(6,940.38)

3,428,987.22
660,000.00
(132,000.00)
(6,998.86)

2,659,225.45

3,117,641.02

3,317,023.52

3,504,240.55

3,694,301.75

3,823,264.64

3,949,988.36

Perpetuidade (Fluxo de Caixa do ltimo ano i)

2,659,225.45
(1 + 0,10)3

3,117,641.02
(1 + 0,10)4

3,317,023.52
(1 + 0,10)5

3,504,240.55
(1 + 0,10)6

3,694,301.75
(1 + 0,10)7

3,823,264.64
(1 + 0,10)8

3,949,988.36
(1 + 0,10)9

2,659,225.45

3,117,641.02

3,317,023.52

3,504,240.55

3,694,301.75

3,823,264.64

3,949,988.36

1.331

1.464

1.611

1.772

1.949

2.144

2.358

1,997,915.44

2,129,390.77

2,059,610.63

1,978,052.43

1,895,760.94

1,783,581.17

1,675,180.66

TIR

18.7%
Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

73%
217.00

75%
232.00

76%
237.00

77%
242.00

78%
247.00

79%
249.00

80%
251.00

39,968
59,951

41,063
61,594

41,610
62,415

42,158
63,236

42,705
64,058

43,253
64,879

43,800
65,700

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

7,458,734.85
8,672,947.50
(1,214,212.65)

8,192,790.00
9,526,500.00
(1,333,710.00)

8,480,950.20
9,861,570.00
(1,380,619.80)

8,773,818.90
10,202,115.00
(1,428,296.10)

9,071,396.10
10,548,135.00
(1,476,738.90)

9,262,090.35
10,769,872.50
(1,507,782.15)

9,454,668.00
10,993,800.00
(1,539,132.00)

(957,600.00)

(957,600.00)

(957,600.00)

(957,600.00)

(957,600.00)

(957,600.00)

(957,600.00)

12.8%

11.7%

11.3%

10.9%

10.6%

10.3%

10.1%

(504,000.00)
(403,200.00)
(50,400.00)
(517,886.25)

(504,000.00)
(403,200.00)
(50,400.00)
(521,718.75)

(504,000.00)
(403,200.00)
(50,400.00)
(523,635.00)

(504,000.00)
(403,200.00)
(50,400.00)
(525,551.25)

(504,000.00)
(403,200.00)
(50,400.00)
(527,467.50)

(504,000.00)
(403,200.00)
(50,400.00)
(529,383.75)

(504,000.00)
(403,200.00)
(50,400.00)
(531,300.00)

6.9%

6.4%

6.2%

6.0%

5.8%

5.7%

5.6%

(99,918.75)
(24,000.00)
(54,000.00)
(39,967.50)
(300,000.00)
(1,475,486.25)
5,983,248.60

(102,656.25)
(24,000.00)
(54,000.00)
(41,062.50)
(300,000.00)
(1,479,318.75)
6,713,471.25

(104,025.00)
(24,000.00)
(54,000.00)
(41,610.00)
(300,000.00)
(1,481,235.00)
6,999,715.20

(105,393.75)
(24,000.00)
(54,000.00)
(42,157.50)
(300,000.00)
(1,483,151.25)
7,290,667.65

(106,762.50)
(24,000.00)
(54,000.00)
(42,705.00)
(300,000.00)
(1,485,067.50)
7,586,328.60

(108,131.25)
(24,000.00)
(54,000.00)
(43,252.50)
(300,000.00)
(1,486,983.75)
7,775,106.60

(109,500.00)
(24,000.00)
(54,000.00)
(43,800.00)
(300,000.00)
(1,488,900.00)
7,965,768.00

-80.2%

-81.9%

-82.5%

-83.1%

-83.6%

-83.9%

-84.3%

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

3,102,477.19
2,098,293.75
599,512.50

3,187,476.57
2,155,781.25
615,937.50

3,272,475.94
2,213,268.75
632,362.50

3,314,975.63
2,242,012.50
640,575.00

3,357,475.32
2,270,756.25
648,787.50

3,399,975.00
2,299,500.00
657,000.00

3,229,976.25
2,184,525.00
624,150.00

314,744.06
89,926.88

323,367.19
92,390.63

327,678.75
93,622.50

331,990.31
94,854.38

336,301.88
96,086.25

340,613.44
97,318.13

344,925.00
98,550.00

2,481,981.75
2,413,037.81
689,439.38
(620,495.44)
(930,743.15)
(723,911.34)
(206,831.81)
1,551,238.60

2,549,981.26
2,479,148.44
708,328.13
(637,495.31)
(956,242.97)
(743,744.53)
(212,498.44)
1,593,738.29

2,583,981.00
2,512,203.75
717,772.50
(645,995.25)
(968,992.88)
(753,661.13)
(215,331.75)
1,614,988.12

2,617,980.75
2,545,259.06
727,216.88
(654,495.19)
(981,742.78)
(763,577.72)
(218,165.06)
1,636,237.97

2,651,980.50
2,578,314.38
736,661.25
(662,995.13)
(994,492.69)
(773,494.31)
(220,998.38)
1,657,487.81

2,685,980.26
2,611,369.69
746,105.63
(671,495.06)
(1,007,242.60)
(783,410.91)
(223,831.69)
1,678,737.66

2,719,980.00
2,644,425.00
755,550.00
(679,995.00)
(1,019,992.50)
(793,327.50)
(226,665.00)
1,699,987.50

62.5%

62.5%

62.5%

62.5%

62.5%

62.5%

62.5%

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(71,951.25)
(59,951.25)
(12,000.00)
(1,686,694.40)
795,287.35

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(73,593.75)
(61,593.75)
(12,000.00)
(1,713,836.72)
836,144.54

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(74,415.00)
(62,415.00)
(12,000.00)
(1,727,407.88)
856,573.12

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(75,236.25)
(63,236.25)
(12,000.00)
(1,740,979.03)
877,001.72

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(76,057.50)
(64,057.50)
(12,000.00)
(1,754,550.19)
897,430.31

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(76,878.75)
(64,878.75)
(12,000.00)
(1,768,121.35)
917,858.91

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(77,700.00)
(65,700.00)
(12,000.00)
(1,781,692.50)
938,287.50

32.0%

32.8%

33.1%

33.5%

33.8%

34.2%

34.5%

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

260,188.43
(5,203.77)
254,984.66

285,795.00
(5,715.90)
280,079.10

295,847.10
(5,916.94)
289,930.16

306,063.45
(6,121.27)
299,942.18

316,444.05
(6,328.88)
310,115.17

323,096.18
(6,461.92)
316,634.26

329,814.00
(6,596.28)
323,217.72

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

10,200,905.03
4,733,520.61
(357,031.68)
(378,681.65)
(735,713.33)

11,028,566.26
5,529,694.89
(385,999.82)
(442,375.59)
(828,375.41)

11,360,778.30
5,846,218.48
(397,627.24)
(467,697.48)
(865,324.72)

11,697,863.10
6,167,611.55
(409,425.21)
(493,408.92)
(902,834.13)

12,039,820.65
6,493,874.08
(421,393.72)
(519,509.93)
(940,903.65)

12,271,166.79
6,709,599.77
(429,490.84)
(536,767.98)
(966,258.82)

12,504,462.00
6,927,273.22
(437,656.17)
(554,181.86)
(991,838.03)

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

(80,000.00)

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

(660,000.00)

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

(293,202.66)
(814,451.82)

(356,518.75)
(990,329.87)

(381,680.44)
(1,060,223.44)

(407,229.97)
(1,131,194.36)

(433,167.34)
(1,203,242.61)

(450,300.69)
(1,250,835.24)

(467,589.17)
(1,298,858.80)

(1,107,654.48)

(1,346,848.62)

(1,441,903.88)

(1,538,424.33)

(1,636,409.95)

(1,701,135.93)

(1,766,447.97)

Ano 3

Ano 4

Ano 5

Ano 6

Ano 7

Ano 8

Ano 9

10,200,905.03
306,027.15
(18,927.35)

11,028,566.26
330,856.99
(24,829.84)

11,360,778.30
340,823.35
(9,966.36)

11,697,863.10
350,935.89
(10,112.54)

12,039,820.65
361,194.62
(10,258.73)

12,271,166.79
368,135.00
(6,940.38)

12,504,462.00
375,133.86
(6,998.86)

www.financasfacil.com
Ano 10
12,779,175.60
9,687,267.90
2,753,979.75
337,927.95
(3,292,838.46)
(1,490,816.25)
(1,795,263.65)
(6,758.56)
9,486,337.14
(2,300,000.00)
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)
7,186,337.14
(1,022,178.12)
6,164,159.02
(80,000.00)
6,084,159.02
(660,000.00)
5,424,159.02
(1,844,214)
3,579,944.95
28%
Ano 10
3,579,944.95
660,000.00
(132,000.00)
(8,241.41)
4,099,703.54
10
40,997,035.42

45,096,738.96
(1 + 0,10)10
45,096,738.96
2.594
17,386,745.08

Ano 10

81%
254.00

44,348
66,521
Ano 10
9,687,267.90
11,264,265.00
(1,576,997.10)
(957,600.00)
9.9%

(504,000.00)
(403,200.00)
(50,400.00)
(533,216.25)
5.5%

(110,868.75)
(24,000.00)
(54,000.00)
(44,347.50)
(300,000.00)
(1,490,816.25)
8,196,451.65
-84.6%

Ano 10
3,442,474.69
2,328,243.75
665,212.50

349,236.56
99,781.88
2,753,979.75
2,677,480.31
764,994.38
(688,494.94)
(1,032,742.40)
(803,244.09)
(229,498.31)
1,721,237.35
62.5%

(684,000.00)
(360,000.00)
(288,000.00)
(36,000.00)
(78,521.25)
(66,521.25)
(12,000.00)
(1,795,263.65)
958,716.10
34.8%

Ano 10
337,927.95
(6,758.56)
331,169.39
Ano 10
(900,000.00)
(280,000.00)
(400,000.00)
(720,000.00)
Ano 10
12,779,175.60
7,186,337.14
(447,271.15)
(574,906.97)
(1,022,178.12)
Ano 10
(80,000.00)
Ano 10
(660,000.00)
Ano 10
(488,174.31)
(1,356,039.76)

(1,844,214.07)
Ano 10
12,779,175.60
383,375.27
(8,241.41)