ESTADO DE RESULTADOS

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

Ingresos operacionales - Ventas $0.00 $549,888,777.00 $588,142,559.62 $630,336,494.99 $673,602,161.67 $717,399,774.22

Costo de mercancia Vendida $0.00 $329,933,266.20 $352,885,535.77 $378,201,896.99 $404,161,297.00 $430,439,864.53

Inventario inicial $0.00 $5,000,000.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08

Compras $5,000,000.00 $352,427,705.05 $354,798,224.90 $380,311,593.76 $406,324,580.33 $432,629,745.16

Inventario final $5,000,000.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

UTILIDAD BRUTA $0.00 $219,955,510.80 $235,257,023.85 $252,134,597.99 $269,440,864.67 $286,959,909.69

Gastos administrativos $0.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

Gastos operativos $0.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

Gastos por beneficios a empleados $0.00 $1,924,610.72 $2,058,498.96 $2,206,177.73 $2,357,607.57 $2,510,899.21

Gastos por depreciación $0.00 $20,000,000.00 $20,000,000.00 $20,000,000.00 $20,000,000.00 $20,000,000.00

UTILIDAD OPERATIVA $0.00 $143,042,022.38 $154,384,268.93 $166,894,770.76 $179,723,040.93 $192,709,033.06

Intereses $0.00 $8,412,000.00 $6,949,523.33 $5,384,527.04 $3,709,824.51 $1,917,725.33

Bonos $0.00 $12,000,000.00 $12,000,000.00 $12,000,000.00 $12,000,000.00 $12,000,000.00

Gastos financieros $0.00 $20,412,000.00 $18,949,523.33 $17,384,527.04 $15,709,824.51 $13,917,725.33

UTILIDAD ANTES DE IMPUESTOS $0.00 $122,630,022.38 $135,434,745.60 $149,510,243.73 $164,013,216.43 $178,791,307.73

Impuesto sobre la renta $0.00 $41,694,207.61 $46,047,813.50 $50,833,482.87 $55,764,493.59 $60,789,044.63

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE RESULTADOS

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

UTILIDAD NETA DEL EJERCICIO $0.00 $80,935,814.77 $89,386,932.10 $98,676,760.86 $108,248,722.84 $118,002,263.10

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 VALORACIÓN DE LA EMPRESA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Perpetuidad 

Utilidad operativa $0.00 $143,042,022.38 $154,384,268.93 $166,894,770.76 $179,723,040.93 $192,709,033.06

Tasa de impuesto (Tx) $0.00 $0.34 $0.34 $0.34 $0.34 $0.34

UODI $0.00 $94,407,734.77 $101,893,617.49 $110,150,548.70 $118,617,207.02 $127,187,961.82

Capital de trabajo operativo $5,000,000.00 ($15,496,663.31) ($12,145,389.02) ($13,028,669.25) ($13,904,699.90) ($14,785,971.61)

Inversión en capital de trabajo neto

$5,000,000.00 ($20,496,663.31) $3,351,274.29 ($883,280.23) ($876,030.65) ($881,271.71)
operativo KTNO

Flujo de caja bruto $0.00 $114,407,734.77 $121,893,617.49 $130,150,548.70 $138,617,207.02 $147,187,961.82

Inversión neta en KTNO $5,000,000.00 ($20,496,663.31) $3,351,274.29 ($883,280.23) ($876,030.65) ($881,271.71)

Inversión en activos fijos $200,000,000.00 $0.00 $0.00 $0.00 $0.00 $0.00

Flujo de caja libre FCF $205,000,000.00 $93,911,071.46 $125,244,891.78 $129,267,268.47 $137,741,176.37 $146,306,690.11

Factor de descuento $1.00 $0.92 $0.85 $0.78 $0.72 $32.16

VP FCF $205,000,000.00 $86,373,466.35 $105,946,625.57 $100,572,496.90 $98,563,927.78 $4,705,819,141.35

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

Activo Corriente $150,000,000.00 $344,177,454.07 $436,200,787.56 $541,023,377.32 $653,992,242.50 $695,076,386.54

Efectivo y equivalentes a efectivo $145,000,000.00 $289,188,576.37 $377,386,531.60 $477,989,727.82 $586,632,026.33 $623,336,409.12

Cuentas comerciales por cobrar y otras

$0.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71
cuentas por cobrar

Inventarios $5,000,000.00 $27,494,438.85 $29,407,127.98 $31,516,824.75 $33,680,108.08 $35,869,988.71

Activo no Corriente $200,000,000.00 $180,000,000.00 $160,000,000.00 $140,000,000.00 $120,000,000.00 $100,000,000.00

Propiedades, planta y equipo $200,000,000.00 $200,000,000.00 $200,000,000.00 $200,000,000.00 $200,000,000.00 $200,000,000.00

Depreciación $0.00 $20,000,000.00 $40,000,000.00 $60,000,000.00 $80,000,000.00 $100,000,000.00

Propiedades, planta y equipo neto $200,000,000.00 $180,000,000.00 $160,000,000.00 $140,000,000.00 $120,000,000.00 $100,000,000.00

TOTAL ACTIVO $350,000,000.00 $524,177,454.07 $596,200,787.56 $681,023,377.32 $773,992,242.50 $795,076,386.54

Pasivo Corriente $0.00 $112,179,748.62 $117,007,458.48 $126,895,801.62 $137,029,409.65 $147,314,993.66

Obligaciones financieras Corto plazo $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

Proveedores y cuentas por pagar $0.00 $70,485,541.01 $70,959,644.98 $76,062,318.75 $81,264,916.07 $86,525,949.03

Impuesto sobre la renta $0.00 $41,694,207.61 $46,047,813.50 $50,833,482.87 $55,764,493.59 $60,789,044.63

Pasivo no corriente $200,000,000.00 $181,061,890.68 $158,870,582.21 $135,128,067.98 $109,714,602.28 $2,510,899.21

Pasivo por beneficio a empleados $0.00 $1,924,610.72 $2,058,498.96 $2,206,177.73 $2,357,607.57 $2,510,899.21

Pasivos financieros $120,000,000.00 $99,137,279.96 $76,812,083.25 $52,921,890.24 $27,356,994.71 ($0.00)

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS

 ESTADO DE SITUACIÓN FINANCIERA

Variable  Año 0  Año 1  Año 2  Año 3  Año 4  Año5 

Títulos emitidos – bonos en circulación $80,000,000.00 $80,000,000.00 $80,000,000.00 $80,000,000.00 $80,000,000.00 $0.00

TOTAL PASIVO $200,000,000.00 $293,241,639.30 $275,878,040.69 $262,023,869.60 $246,744,011.93 $149,825,892.87

Capital emitido $150,000,000.00 $150,000,000.00 $150,000,000.00 $150,000,000.00 $150,000,000.00 $150,000,000.00

Utilidad acumulada $0.00 $0.00 $80,935,814.77 $170,322,746.87 $268,999,507.73 $377,248,230.57

Utilidad del periodo $0.00 $80,935,814.77 $89,386,932.10 $98,676,760.86 $108,248,722.84 $118,002,263.10

TOTAL PATRIMONIO $150,000,000.00 $230,935,814.77 $320,322,746.87 $418,999,507.73 $527,248,230.57 $645,250,493.67

TOTAL PASIVO Y PATRIMONIO $350,000,000.00 $524,177,454.07 $596,200,787.56 $681,023,377.32 $773,992,242.50 $795,076,386.54

Cuadre $0.00 $0.00 $0.00 $0.00 $0.00 $0.00

POLITECNICO GRANCOLOMBIANO FINANZAS CORPORATIVAS