Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
INFORMACIN GENERAL
20.00%
60.00%
5.00%
10.00%
2004
2005
2006
2007
2008
(ao base)
Activos
BALANCE GENERAL
Activos Corrientes
Caja y bancos
Valores negociables
4,000
15,000
4,662
15,000
5,361
15,000
6,097
15,000
6,873
15,000
20,000
20,000
20,000
20,000
20,000
2,000
2,000
2,000
2,000
2,000
3,000
55,000
3,000
56,987
3,000
59,082
3,000
61,291
3,000
63,619
1,000
100,000
1,000
102,650
1,000
105,443
1,000
108,388
1,000
111,492
5,000
5,000
5,000
5,000
5,000
255,556
266,154
277,328
289,108
301,522
Depreciacin de activos
Intangibles
25,556
15,000
25,556
15,000
25,556
15,000
25,556
15,000
25,556
15,000
350,000
363,248
377,216
391,940
407,458
5,000
5,000
5,000
5,000
5,000
18,000
18,000
18,000
18,000
18,000
1,000
1,000
1,000
1,000
1,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
220,000
220,000
220,000
220,000
220,000
Total Activo
Pasivo y Patrimonio
Pasivo Corriente
Patrimonio Neto
Capital social
Reservas legales
Resultados acumulados
Total Pasivo y
Patrimonio Neto
Balance?
120,000
10,000
-
120,000
10,000
13,248
120,000
10,000
27,216
120,000
10,000
41,940
120,000
10,000
57,458
130,000
143,248
157,216
171,940
187,458
350,000
Ok
363,248
Ok
377,216
Ok
391,940
Ok
407,458
Ok
Crec. Proyec.
500,000
290,000
210,000
50,000
110,000
50,000
4,000
525,000
525,000
304,500
220,500
52,500
115,500
52,500
4,000
551,250
551,250
319,725
231,525
55,125
121,275
55,125
4,000
578,813
578,813
335,711
243,101
57,881
127,339
57,881
4,000
607,753
607,753
352,497
255,256
60,775
133,706
60,775
4,000
46,000
48,500
51,125
53,881
56,775
4,600
4,850
5,113
5,388
5,678
8,280
8,730
9,203
9,699
10,220
33,120
34,920
36,810
38,795
40,878
2.30
2.42
2.54
2.66
2.80
120,000
120,000
120,000
120,000
120,000
276,000
289,800
304,290
319,505
335,480
0.28
0.29
0.31
0.32
0.34
13.50%
13.50%
13.50%
13.50%
13.50%
8.79%
8.96%
9.13%
9.29%
9.45%
2005
2006
2007
2008
9.79%
11.78%
9.79%
10.91%
11.72%
25.56%
7.90
15,575
9.94%
11.91%
9.94%
11.02%
11.60%
24.50%
7.87
15,970
10.09%
12.04%
10.09%
11.13%
11.49%
23.57%
7.84
16,371
10.23%
12.16%
10.23%
11.23%
11.38%
22.75%
7.82
16,778
Participacin de los
trabajadores (10%)
Impuesto a la renta
Utilidad Neta
DATA ADICIONAL
Precio de la accin en bolsa
Numero de acciones de la
empresa
Valor de mercado de la
empresa
Beneficios por Accin
Costo del Capital Propio ( Ke )
Costo Promedio Ponderado de
Capital ( CPPC )
RESULTADOS OBTENIDOS
8
7.9
7.8
7.7
7.6
7.5
25000
20000
15000
10000
5000
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2011
2012
2013
2014
Valor en Porcentaje
2006
2007
2008
2009
2010
Valor en Porcentaje
2006
2007
ROI
2008
2009
ROIA
2010
2011
ROIC
2012
2013
2014
2009
2010
2011
2012
2013
2014
7,690
15,000
8,552
15,000
9,459
15,000
10,415
15,000
11,421
15,000
12,480
15,000
20,000
20,000
20,000
20,000
20,000
20,000
2,000
2,000
2,000
2,000
2,000
2,000
3,000
66,071
3,000
68,655
3,000
71,377
3,000
74,244
3,000
77,262
3,000
80,440
1,000
114,762
1,000
118,207
1,000
121,836
1,000
125,658
1,000
129,683
1,000
133,920
5,000
5,000
5,000
5,000
5,000
5,000
314,603
328,384
342,900
358,188
374,287
391,237
25,556
15,000
25,556
15,000
25,556
15,000
25,556
15,000
25,556
15,000
25,556
15,000
423,809
441,036
459,181
478,291
498,415
519,602
5,000
5,000
5,000
5,000
5,000
5,000
18,000
18,000
18,000
18,000
18,000
18,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
1,000
35,000
60,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
20,000
15,000
125,000
220,000
220,000
220,000
220,000
220,000
220,000
NERAL
120,000
10,000
73,809
120,000
10,000
91,036
120,000
10,000
109,181
120,000
10,000
128,291
120,000
10,000
148,415
120,000
10,000
169,602
203,809
221,036
239,181
258,291
278,415
299,602
423,809
Ok
441,036
Ok
459,181
Ok
478,291
Ok
498,415
Ok
519,602
Ok
638,141
638,141
370,122
268,019
63,814
140,391
63,814
4,000
670,048
670,048
388,628
281,420
67,005
147,411
67,005
4,000
703,550
703,550
408,059
295,491
70,355
154,781
70,355
4,000
738,728
738,728
428,462
310,266
73,873
162,520
73,873
4,000
775,664
775,664
449,885
325,779
77,566
170,646
77,566
4,000
814,447
814,447
472,379
342,068
81,445
179,178
81,445
4,000
59,814
63,005
66,355
69,873
73,566
77,445
5,981
6,300
6,636
6,987
7,357
7,744
10,767
11,341
11,944
12,577
13,242
13,940
43,066
45,363
47,776
50,308
52,968
55,760
2.94
3.08
3.24
3.40
3.57
3.75
120,000
120,000
120,000
120,000
120,000
120,000
352,254
369,866
388,360
407,778
428,167
449,575
0.36
0.38
0.40
0.42
0.44
0.46
13.50%
13.50%
13.50%
13.50%
13.50%
13.50%
9.61%
9.76%
9.91%
10.05%
10.19%
10.32%
2009
2010
2011
2012
2013
2014
10.36%
12.28%
10.36%
11.32%
11.27%
22.01%
7.79
17,192
10.49%
12.40%
10.49%
11.42%
11.17%
21.36%
7.77
17,612
10.61%
12.50%
10.61%
11.50%
11.08%
20.76%
7.74
18,041
10.73%
12.61%
10.73%
11.59%
10.98%
20.23%
7.72
18,477
10.85%
12.71%
10.85%
11.67%
10.90%
19.74%
7.70
18,922
10.95%
12.80%
10.95%
11.74%
10.81%
19.29%
7.68
19,375