TASA 12%

TASA EFECTIVA ANUAL 12.68%

FIN DE AÑO SALDO INICIAL

0
1 S/.500,000.00
2 S/.422,354.88
3 S/.334,862.41
4 S/.236,273.71
5 S/.125,181.49

0
ESTADO DE RESULTADOS

INGRESOS

GASTOS
MATERIALES
MANO DE OBRA
ENERGIA
INTERESES DE CREDITO
OTROS

DEPRECIACIÒN
20% EDIFICIO
10% EQUIPO

GANANCIA GRAVABLE
29.5% IMPUESTO A LA RENTA
GANANCIA NETA

ESTADO DE FLUJO DE EFECTIVO

GANANCIA NETA
DEPRECIACIÒN
 INVERSIÒN Y VALORES RESIDUALES
EDIFICIO -S/. 600,000.00
TERRENO -S/. 300,000.00
EQUIPO -S/. 250,000.00
CAPITAL DE TRABAJO -S/. 100,000.00

ACTIVIDADES FINANCIERAS
PRÉSTAMO S/. 500,000.00
PAGO DE CAPITAL

IMPUESTO SOBRE LA RENTA

FLUJO DE EFECTIVO NETO -S/. 750,000.00

VAN VPN S/. 162,968.44

TIR 24.31%

ACTIVO COSTO
EDIFICIO S/ 600,000.00
EQUIPO S/ 250,000.00

TOTAL S/ 850,000.00
ANUAL CAP MENSUAL
PRÉSTAMO S/. 500,000.00

CUOTA INTERESES PAGO CAPITAL SALDO FINAL

S/.500,000.00
S/.141,057.64 S/.63,412.52 S/.77,645.12 S/.422,354.88
S/.141,057.64 S/.53,565.17 S/.87,492.47 S/.334,862.41
S/.141,057.64 S/.42,468.94 S/.98,588.70 S/.236,273.71
S/.141,057.64 S/.29,965.42 S/.111,092.22 S/.125,181.49
S/.141,057.64 S/.15,876.15 S/.125,181.49 S/.0.00

1 2 3 4 5

S/. 625,000.00 S/. 625,000.00 S/. 625,000.00 S/. 625,000.00 S/. 625,000.00

S/. 488,412.52 S/. 478,565.17 S/. 467,468.94 S/. 454,965.42 S/. 440,876.15

S/. 63,412.52 S/. 53,565.17 S/. 42,468.94 S/. 29,965.42 S/. 15,876.15

-S/. 145,000.00 -S/. 145,000.00 -S/. 145,000.00 -S/. 145,000.00 -S/. 145,000.00
-S/. 120,000.00 -S/. 120,000.00 -S/. 120,000.00 -S/. 120,000.00 -S/. 120,000.00
-S/. 25,000.00 -S/. 25,000.00 -S/. 25,000.00 -S/. 25,000.00 -S/. 25,000.00

S/. 281,587.48 S/. 291,434.83 S/. 302,531.06 S/. 315,034.58 S/. 329,123.85
S/. 83,068.31 S/. 85,973.27 S/. 89,246.66 S/. 92,935.20 S/. 97,091.54
S/. 198,519.18 S/. 205,461.56 S/. 213,284.40 S/. 222,099.38 S/. 232,032.32

S/. 198,519.18 S/. 205,461.56 S/. 213,284.40 S/. 222,099.38 S/. 232,032.32
-S/. 145,000.00 -S/. 145,000.00 -S/. 145,000.00 -S/. 145,000.00 -S/. 145,000.00
 S/. 500,000.00
S/. 400,000.00
S/. 50,000.00
S/. 100,000.00

S/. 77,645.12 S/. 87,492.47 S/. 98,588.70 S/. 111,092.22 S/. 125,181.49

-S/. 125,375.00

S/. 131,164.30 S/. 147,954.02 S/. 166,873.10 S/. 188,191.60 S/. 1,136,838.81

TMAR 18%

GANANCIA O
VALOR RESIDUAL DEPRE ACUMUL VALOR EN LIBROS PERDIDAS IMP. RENTA
S/ 500,000.00 -S/ 600,000.00 S/ - S/ 500,000.00 S/ 147,500.00
S/ 50,000.00 -S/ 125,000.00 S/ 125,000.00 -S/ 75,000.00 -S/ 22,125.00

S/ 550,000.00 -S/ 725,000.00 S/ 125,000.00 S/ 425,000.00 S/ 125,375.00

ganado de trabajo y produccion 25% 4 ños

vehiculo transporte 25% 5 años
maquina y equipos 20% 5 años
equipo de procesamiento datos 25% 4 años
otros activos 10% 10 años
 ^

6 7 8 9 10

S/. - S/. - S/. - S/. - S/. -

S/. - S/. - S/. - S/. - S/. -
S/. - S/. - S/. - S/. - S/. -

S/. - S/. - S/. - S/. - S/. -

S/. - S/. - S/. - S/. - S/. -
S/. - S/. - S/. - S/. - S/. -
-S/. 600,000.00
-S/. 125,000.00
 TASA 10%

FIN DE AÑO SALDO INICIAL

0
1 S/.40,000.00
2 S/.36,502.24
3 S/.32,654.70
4 S/.28,422.41
5 S/.23,766.89
6 S/.18,645.82
7 S/.13,012.64
8 S/.6,816.15

0 1
ESTADO DE INGRESOS

INGRESOS S/.60,000.00

CAO S/.8,000.00
INTERESES DEL CREDITO S/.4,000.00
DEPRECIACION 10% S/.11,000.00

INGRESOS GRAVABLES S/.37,000.00

IMPUESTO SOBRE LA RENTA 29.5% S/.10,915.00

INGRESO NETO S/.26,085.00

ESTADO DE FLUJOS DE EFECTIVO

ACTIVIDADES OPERATIVAS
INGRESOS NETOS S/.26,085.00
DEPRECIACION S/.11,000.00

ACTIVIDADES DE INVERSION
MAQUINA MOLDEADORA DE INYECCIÓN -S/.110,000.00
VALOR DE RESCATE
IMPUESTO SOBRE GANANCIAS
CAPITAL DE TRABAJO S/.0.00
ACTIVIDADES FINANCIERAS
FONDOS CREDITICIOS S/.40,000.00
PAGO DE CAPITAL -S/.3,497.76

FLUJO EFECTIVO NETO -S/.70,000.00 S/.33,587.24

 VAN= S/.88,865
TIR= 46%

ACTIVO COSTO VALOR RESIDUAL

MAQUINA MOLDEADORA DE INYECCIÓN S/ 110,000.00 S/ 10,000.00
CUOTA INTERESES PAGO CAPITAL SALDO FINAL
S/.40,000.00
S/.7,497.76 S/.4,000.00 S/.3,497.76 S/.36,502.24
S/.7,497.76 S/.3,650.22 S/.3,847.54 S/.32,654.70
S/.7,497.76 S/.3,265.47 S/.4,232.29 S/.28,422.41
S/.7,497.76 S/.2,842.24 S/.4,655.52 S/.23,766.89
S/.7,497.76 S/.2,376.69 S/.5,121.07 S/.18,645.82
S/.7,497.76 S/.1,864.58 S/.5,633.18 S/.13,012.64
S/.7,497.76 S/.1,301.26 S/.6,196.50 S/.6,816.15
S/.7,497.76 S/.681.61 S/.6,816.15 -S/.0.00

2 3 4 5 6

S/.60,000.00 S/.60,000.00 S/.60,000.00 S/.60,000.00 S/.60,000.00

S/.8,000.00 S/.8,000.00 S/.8,000.00 S/.8,000.00 S/.8,000.00

S/.3,650.22 S/.3,265.47 S/.2,842.24 S/.2,376.69 S/.1,864.58
S/.11,000.00 S/.11,000.00 S/.11,000.00 S/.11,000.00 S/.11,000.00

S/.37,349.78 S/.37,734.53 S/.38,157.76 S/.38,623.31 S/.39,135.42

S/.11,018.18 S/.11,131.69 S/.11,256.54 S/.11,393.88 S/.11,544.95

S/.26,331.59 S/.26,602.84 S/.26,901.22 S/.27,229.43 S/.27,590.47

S/.26,331.59 S/.26,602.84 S/.26,901.22 S/.27,229.43 S/.27,590.47

S/.11,000.00 S/.11,000.00 S/.11,000.00 S/.11,000.00 S/.11,000.00

-S/.3,847.54 -S/.4,232.29 -S/.4,655.52 -S/.5,121.07 -S/.5,633.18

S/.33,484.06 S/.33,370.55 S/.33,245.70 S/.33,108.36 S/.32,957.29

 TMAR= 14%

DEPRE ACUMUL VALOR EN LIBROS GANANCIA O PERDIDAS IMP. RENTA

S/ 88,000.00 S/ 22,000.00 -S/ 12,000.00 -S/ 3,360.00
 7 8

S/.60,000.00 S/.60,000.00

S/.8,000.00 S/.8,000.00
S/.1,301.26 S/.681.61
S/.11,000.00 S/.11,000.00 S/.88,000.00

S/.39,698.74 S/.40,318.39
S/.11,711.13 S/.11,893.92

S/.27,987.61 S/.28,424.46

S/.27,987.61 S/.28,424.46
S/.11,000.00 S/.11,000.00

10000
S/ 3,360.00
S/.0.00

-S/.6,196.50 -S/.6,816.15

S/.32,791.11 S/.45,968.32
Tasa de inflaciòn 6% Tasa de inflaciòn 6%
Periodos 11.90 Periodos 12
P 1 P 1
F 2 F 2.01
Tasa de inflaciòn 4.94%
Periodos 5
P 5500
F 7000
Tasa nominal 9% anual Tasa nominal 9%
Periodos de capitalizacion 12 Periodos de caitalizacion 12
Tasa efectiva 0.75% mensual Tasa efectiva 0.75%
Tasa de inflacion 0.50% Tasa de inflacion 0.50%
Tasa real 0.00248756
Periodos 60 Periodos 60
P 20000 P 20000
A -S/415.17 A -S/359.24
 Corriente Constante
anual 0 20000
1 -S/415.17 -S/413.10
2 -S/415.17 -S/411.05
3 -S/415.17 -S/409.00
4 -S/415.17 -S/406.97
5 -S/415.17 -S/404.94
6 -S/415.17 -S/402.93
7 -S/415.17 -S/400.92
8 -S/415.17 -S/398.93
9 -S/415.17 -S/396.94
10 -S/415.17 -S/394.97
11 -S/415.17 -S/393.00
12 -S/415.17 -S/391.05
13 -S/415.17 -S/389.10
14 -S/415.17 -S/387.17
15 -S/415.17 -S/385.24
16 -S/415.17 -S/383.32
17 -S/415.17 -S/381.42
18 -S/415.17 -S/379.52
19 -S/415.17 -S/377.63
20 -S/415.17 -S/375.75
 0 1 2 3
ESTADO DE RESULTADOS
INGRESOS S/. 140,000.00 S/. 140,000.00 S/. 140,000.00
GASTOS
MATERIALES S/. 22,000.00 S/. 22,000.00 S/. 22,000.00
MANO DE OBRA S/. 32,000.00 S/. 32,000.00 S/. 32,000.00
ENERGIA S/. 3,500.00 S/. 3,500.00 S/. 3,500.00
OTROS S/. 2,500.00 S/. 2,500.00 S/. 2,500.00
DEPRECIACION
EDIFICIO S/. 3,650.00 S/. 3,809.00 S/. 3,809.00
MAQUINA DE FRESADO S/. 14,286.00 S/. 24,490.00 S/. 17,493.00
PLANTILLAS Y MOLDES S/. 4,000.00 S/. 5,333.00 S/. 1,778.00
GANANCIA GRAVABLE S/. 58,064.00 S/. 46,368.00 S/. 56,920.00
IMPUESTO SOBRE LA RENTA 40% S/. 23,225.60 S/. 18,547.20 S/. 22,768.00
GANANCIA NETA S/. 34,838.40 S/. 27,820.80 S/. 34,152.00

ESTADO DE FLUJO DE EFECTIVO

GANANCIA NETA S/ 34,838.40 S/ 27,820.80 S/ 34,152.00
DEPRECIACION S/ 21,936.00 S/ 33,632.00 S/ 23,080.00

INVERSION Y
VALORES RESIDUALES
EDIFICIO -S/. 120,000.00
TERRENO -S/. 40,000.00
MAQUINA DE FRESADO -S/. 100,000.00
PLANTILLAS Y MOLDES -S/. 12,000.00
IMPUESTO SOBRE LA RENTA
FLUJO DE EFECTIVO NETO -S/ 272,000.00 S/ 56,774.40 S/ 61,452.80 S/ 57,232.00

VPN= 6,127
TIR= 18.56%

ACTIVO COSTO VR DEPRE ACUMU VALOR EN LIBROS

EDIFICIO S/ 120,000.00 S/ 80,000.00 S/ 37,931.00 S/ 82,069.00
TERRENO S/ 40,000.00 S/ 110,000.00 S/ 40,000.00
MAQUINA FRESADO S/ 100,000.00 S/ 10,000.00 S/ 100,000.00 S/ -
PLANTILLA MOLDE S/ 12,000.00 S/ 1,000.00 S/ 12,000.00 S/ -
 4 5 6 7 8 9

S/. 140,000.00 S/. 140,000.00 S/. 140,000.00 S/. 140,000.00 S/. 140,000.00 S/. 140,000.00

S/. 22,000.00 S/. 22,000.00 S/. 22,000.00 S/. 22,000.00 S/. 22,000.00 S/. 22,000.00
S/. 32,000.00 S/. 32,000.00 S/. 32,000.00 S/. 32,000.00 S/. 32,000.00 S/. 32,000.00
S/. 3,500.00 S/. 3,500.00 S/. 3,500.00 S/. 3,500.00 S/. 3,500.00 S/. 3,500.00
S/. 2,500.00 S/. 2,500.00 S/. 2,500.00 S/. 2,500.00 S/. 2,500.00 S/. 2,500.00

S/. 3,809.00 S/. 3,809.00 S/. 3,809.00 S/. 3,809.00 S/. 3,809.00 S/. 3,809.00
S/. 12,495.00 S/. 8,925.00 S/. 8,925.00 S/. 8,925.00 S/. 4,461.00
S/. 889.00 S/. 4,000.00 S/. 5,333.00 S/. 1,778.00 S/. 889.00
S/. 62,807.00 S/. 67,266.00 S/. 63,266.00 S/. 61,933.00 S/. 69,952.00 S/. 75,302.00
S/. 25,122.80 S/. 26,906.40 S/. 25,306.40 S/. 24,773.20 S/. 27,980.80 S/. 30,120.80
S/. 37,684.20 S/. 40,359.60 S/. 37,959.60 S/. 37,159.80 S/. 41,971.20 S/. 45,181.20

S/ 37,684.20 S/ 40,359.60 S/ 37,959.60 S/ 37,159.80 S/ 41,971.20 S/ 45,181.20

S/ 17,193.00 S/ 12,734.00 S/ 16,734.00 S/ 18,067.00 S/ 10,048.00 S/ 4,698.00

-S/ 11,000.00
-S/ 400.00
S/ 54,877.20 S/ 41,693.60 S/ 54,693.60 S/ 55,226.80 S/ 52,019.20 S/ 49,879.20

GANANCIA O PERDIDAIMPUE RENTA

-S/ 2,069.00 -S/ 827.60
S/ 70,000.00 S/ 28,000.00
S/ 10,000.00 S/ 4,000.00
S/ 1,000.00 S/ 400.00
S/ 31,572.40
 10

S/. 140,000.00

S/. 22,000.00
S/. 32,000.00
S/. 3,500.00
S/. 2,500.00

S/. 3,809.00

S/. 76,191.00
S/. 30,476.40
S/. 45,714.60

S/ 45,714.60
S/ 3,809.00

S/ 80,000.00
S/ 110,000.00
S/ 10,000.00
S/ 1,000.00
-S/ 31,572.40
S/ 218,951.20
 TASA 12%

FIN DE AÑO SALDO INICIAL CUOTA

0
1 S/.64,800.00 S/.17,976.15
2 S/.54,599.85 S/.17,976.15
3 S/.43,175.68 S/.17,976.15
4 S/.30,380.61 S/.17,976.15
5 S/.16,050.13 S/.17,976.15

0 1 2
ESTADO DE INGRESOS
INGRESOS S/.175,000.00 S/.175,000.00
GASTOS
MANO DE OBRA S/.60,000.00 S/.60,000.00
MATERIALES S/.20,000.00 S/.20,000.00
INDIRECTOS S/.10,000.00 S/.10,000.00
INTERESES DEL CREDITO S/.7,776.00 S/.6,551.98
DEPRECIACION 10% S/.16,200.00 S/.16,200.00

INGRESOS GRAVABLES S/.61,024.00 S/.62,248.02

IMPUESTO SOBRE LA RENTA 28% S/.17,086.72 S/.17,429.45

INGRESO NETO S/.43,937.28 S/.44,818.57

ESTADO DE FLUJOS DE EFECTIVO

ACTIVIDADES OPERATIVAS
INGRESOS NETOS S/.43,937.28 S/.44,818.57
DEPRECIACION S/.16,200.00 S/.16,200.00

ACTIVIDADES DE INVERSION
MOLINO -S/.162,000.00
VALOR DE RESCATE
IMPUESTO SOBRE GANANCIAS
CAPITAL DE TRABAJO -S/.25,000.00
ACTIVIDADES FINANCIERAS
FONDOS CREDITICIOS S/.64,800.00
PAGO DE CAPITAL -S/.10,200.15 -S/.11,424.17

FLUJO EFECTIVO NETO -S/.122,200.00 S/.49,937.13 S/.49,594.40

VAN= S/.82,798
TIR= 37%
ACTIVO COSTO VALOR RESIDUAL DEPRE ACUMUL
MOLINO S/ 162,000.00 S/ 45,000.00 S/ 81,000.00
INTERESES PAGO CAPITAL SALDO FINAL
S/.64,800.00
S/.7,776.00 S/.10,200.15 S/.54,599.85
S/.6,551.98 S/.11,424.17 S/.43,175.68
S/.5,181.08 S/.12,795.07 S/.30,380.61
S/.3,645.67 S/.14,330.48 S/.16,050.13
S/.1,926.02 S/.16,050.13 S/.0.00

3 4 5

S/.175,000.00 S/.175,000.00 S/.175,000.00

S/.60,000.00 S/.60,000.00 S/.60,000.00

S/.20,000.00 S/.20,000.00 S/.20,000.00
S/.10,000.00 S/.10,000.00 S/.10,000.00
S/.5,181.08 S/.3,645.67 S/.1,926.02
S/.16,200.00 S/.16,200.00 S/.16,200.00 S/.81,000.00

S/.63,618.92 S/.65,154.33 S/.66,873.98

S/.17,813.30 S/.18,243.21 S/.18,724.72

S/.45,805.62 S/.46,911.12 S/.48,149.27

S/.45,805.62 S/.46,911.12 S/.48,149.27

S/.16,200.00 S/.16,200.00 S/.16,200.00

45000
S/ 10,080.00
S/.25,000.00

-S/.12,795.07 -S/.14,330.48 -S/.16,050.13

S/.49,210.55 S/.48,780.64 S/.128,379.13

TMAR= 15%
VALOR EN LIBROS GANANCIA O PERDIDAS IMP. RENTA
S/ 81,000.00 -S/ 36,000.00 -S/ 10,080.00
 TASA 12% ANUAL CAP MENSUAL
TASA EFECTIVA AN 12.68%

FIN DE AÑO SALDO INICIAL CUOTA

0
1 S/.75,000.00 S/.21,158.65
2 S/.63,353.23 S/.21,158.65
3 S/.50,229.36 S/.21,158.65
4 S/.35,441.06 S/.21,158.65
5 S/.18,777.22 S/.21,158.65

ESTADO DE RESULTADOS

0 1

INGRESOS 45000

GASTOS 10000

gasto anual de operación 10000

Gastos de depreciación 18750

Intereses pagados 9511.88

Utiliad gravable (antes de 6738.12

impuestos)
impuestos 1987.7462083302
UTILIDAD DESPUES IMP 4750.3765317721

ESTADO DE FLUJO DE EFECTIVO

Utilidad neta 4750.3765317721

Depreciacion 18750

Actividades de inversion
Sistema pc -60000
sistema red local -12000
instalacion -3000
desarrollo de software -20000

Flujo de efectivo neto -95000 23500.3765317721

Actividades financieras
prestamos 75000
amortizacion 11646.7683494025

Flujo de efectivo neto -20000 11853.6081823696

 PRÉSTAMO S/. 75,000.00

INTERESES PAGO CAPITAL SALDO FINAL

S/.75,000.00
S/.9,511.88 S/.11,646.77 S/.63,353.23
S/.8,034.78 S/.13,123.87 S/.50,229.36
S/.6,370.34 S/.14,788.31 S/.35,441.06
S/.4,494.81 S/.16,663.83 S/.18,777.22
S/.2,381.42 S/.18,777.22 S/.0.00

Impuesto a la renta 29.50%

2 3 4 5 6

45000 45000 45000 45000 45000

10000 10000 10000 10000 10000

10000 10000 10000 10000 10000

18750 18750 18750

8034.78 6370.34 4494.81 2381.42

8215.22 9879.66 11755.19 32618.58 35000.00

2423.4912236518 2914.4996136715 3467.7801576 9622.48052 10325

5791.7332633035 6965.1600936895 8287.4068172 22996.0975 24675

5791.7332633035 6965.1600936895 8287.4068172 22996.0975 24675

18750 18750 18750 0 0

10000

vpn
tir
-2950
24541.733263304 25715.16009369 27037.406817 22996.0975 31725
13123.870096256 14788.305316661 16663.832584 18777.2237

11417.863167048 10926.854777028 10373.574233 4218.87387 31725

10,154.78
15.57%
32522.7173623282
54.66%