SITUACION 1 CUENTAS POR COBRAR A CLIENTES

Venta $ 2,500,000.00 VALOR A FINANCIAR

IVA $ 400,000.00
Total Venta $ 2,900,000.00

VF $ 2,500,000.00
VP ?
TASA EA 21%
PERIODOS 6
CALCULAMOS VP $ 2,272,727.27
VP (EXCEL) $2,272,727.27

HALLAMOS LA TASA PERIODICA MENSUAL

Tasa Nominal 0.1921424133
periodos 12
mensual 0.0160118678

SITUACION 2 PRESTAMO A EMPLEADOS (Interes Implic

VF $ 50,000,000.00
TASA EA 7%
PLAZO (aos) 3
VP $40,814,893.84

Periodo Capital Interes

0
1 $40,814,893.84 $2,857,042.57
2 $43,671,936.41 $3,057,035.55
3 $46,728,971.96 $3,271,028.04
$9,185,106.16
A CLIENTES TABLA DE AMORTIZACION

A FINANCIAR Periodos Capital

0 -
1 2,272,727.27
2 2,309,117.88
3 2,346,091.17
4 2,383,656.47
5 2,421,823.27
6 2,460,601.18

SALDO CUENTA DEUDORES

Periodo CONCEPTO
3/1/2015 Valor Presente
3/1/2015 IVA 16% ($2,500,000)
4/1/2015 INTERES MES 1
5/1/2015 INTERES MES 2
6/1/2015 INTERES MES 3
7/1/2015 INTERES MES 4
8/1/2015 INTERES MES 5
9/1/2015 INTERES MES 6

OS (Interes Implicito)

Saldo
$40,814,893.84
$43,671,936.41
$46,728,971.96
$50,000,000.00
 $ 2,500,000.00

Interes Saldo
- 2,272,727.27
36,390.61 2,309,117.88
36,973.29 2,346,091.17
37,565.30 2,383,656.47
38,166.79 2,421,823.27
38,777.91 2,460,601.18
39,398.82 2,500,000.00

CONCEPTO ABONO CARGO SALDO

$ 2,272,727.27 $ 2,272,727.27
% ($2,500,000) $ 400,000.00 ###
INTERES MES 1 36,390.61 $ 2,709,117.88
INTERES MES 2 36,973.29 $ 2,746,091.17
INTERES MES 3 37,565.30 $ 2,783,656.47
INTERES MES 4 38,166.79 $ 2,821,823.27
INTERES MES 5 38,777.91 $ 2,860,601.18
INTERES MES 6 39,398.82 $ 2,900,000.00
FACTORES CUANTITATIVOS - Deterioro cartera

categoria (Basilea II)

A 0 - 30 dias
B 31 - 60 dias
C 61 - 90 dias
D 91 - 180 dias
E mas de 180 dias

LISTADO DE CARTERA VENCIDA A 31 DIC 2015

EMPRESA VALOR CARTERA

EMPRESA 1 5,000.00
EMPRESA 2 8,000.00
EMPRESA 3 15,000.00
EMPRESA 4 1,800.00
EMPRESA 5 500.00
EMPRESA 6 3,500.00
EMPRESA 7 5,000.00
EMPRESA 8 6,500.00
EMPRESA 9 7,500.00
EMPRESA 10 9,900.00
62,700.00

Saldos:
Clientes 13050505
Deterioro 13050515

Caso Empresa 2
Clientes 13050505
Deterioro 13050515

Caso empresa 4
Clientes 13050505
Deterioro 13050515
eterioro cartera

Porcentaje Deterioro
0%
1%
20%
50%
100%

A A 31 DIC 2015
CARTERA VENCIDA EN
30 DIAS 60 DIAS 90 DIAS 120 DIAS 180 DIAS
5,000.00
8,000.00
15,000.00
1,800.00
500.00
3,500.00
5,000.00
6,500.00
7,500.00
9,900.00

52,030.00
62,700.00
- 10,670.00

7,920.00
8,000.00
- 80.00

-
1,800.00
- 1,800.00
GASTO DETERIORO
-
80.00
-
1,800.00
5.00
35.00
50.00
-
3,750.00
4,950.00
10,670.00
COMPRA BONO / TES

ADQUIERE 20
VALOR BONOS $ 5,850,000.00
COSTOS TRANSACCION $ 120,000.00
VALOR NOMINAL $ 300,000.00
VALOR REEMBOLSO $ 310,000.00
INTERESES 5%
PERIODO EXPIRACION 6 AOS

CALCULO TIR

TABLA DE AMORTIZACION
PERIODO

0
1
2
3
4
5
6
 ACTIVO MANTENIDO DENTRO MODELO NEGOCIO

UNIDADES/TITULOS NOMINATIVOS

Resumen de la inversion:
0 -$ 5,970,000.00 TASA CUPON % EA
1 $ 300,000.00 VLR TOTAL NOMINAL BONOS
2 $ 300,000.00 INTERES ANUAL
3 $ 300,000.00 VALOR FINAL REEMBOLSO
4 $ 300,000.00
5 $ 300,000.00
6 $ 6,500,000.00
TIR 5.58%

DE AMORTIZACION
COSTO AMORTIZADO INGRESOS INTERESES INTERESES
INICIAL FINANCIEROS EXPLICITOS IMPLICITOS

$ 5,970,000.00 $ 333,321.23 $ 300,000.00 $ 33,321.23

$ 6,003,321.23 $ 335,181.65 $ 300,000.00 $ 35,181.65
$ 6,038,502.88 $ 337,145.93 $ 300,000.00 $ 37,145.93
$ 6,075,648.81 $ 339,219.89 $ 300,000.00 $ 39,219.89
$ 6,114,868.70 $ 341,409.64 $ 300,000.00 $ 41,409.64
$ 6,156,278.34 $ 343,721.66 $ 300,000.00 $ 43,721.66
### $ 1,800,000.00 $ 230,000.00
 5%
$ 6,000,000.00
$ 300,000.00
$ 6,200,000.00

COSTO AMORTIZADO
FINAL
$ 5,970,000.00
$ 6,003,321.23
$ 6,038,502.88
$ 6,075,648.81
$ 6,114,868.70
$ 6,156,278.34
$ 6,200,000.00
Leasing Vehiculos
Valor Razonable $ 101,750,000.00
Plazo 5
Opcion compra $ 10,000,000.00
Tasa interes 9%
cuota anual -$ 24,488,232.93
Vida Economica (Depreciacio 5
Valor residual $ 30,000,000.00

VALOR PRESENTE DE LOS FLUJOS FUTURO

Periodo
VALOR RAZONABLE
1
2
3
4
5
VNA
TIR

TABLA DE AMORTIZACION

Periodo
0
1
2
3
4
5

DEPRECIACION AN
 aos
$ 12,000,000.00
EA
Situacion 1
Aos

RESENTE DE LOS FLUJOS FUTUROS

Situacion 1 Situacion 2
$ 101,750,000.00 $ 101,750,000.00
-$24,488,232.93 -$ 24,488,232.93
-$24,488,232.93 -$ 24,488,232.93
-$24,488,232.93 -$ 24,488,232.93
-$24,488,232.93 -$ 24,488,232.93
-$34,488,232.93 -$ 36,488,232.93
-$101,750,000.02 -$103,049,862.79
9.00% 9.46%

AMORTIZACION

Saldo Inicial Cuota Abono Capital Interes

$ - 0 0
$ 101,750,000.00 $ 24,488,232.93 $ 15,330,732.93 $ 9,157,500.00
$ 86,419,267.07 $ 24,488,232.93 $ 16,710,498.89 $ 7,777,734.04
$ 69,708,768.18 $ 24,488,232.93 $ 18,214,443.79 $ 6,273,789.14
$ 51,494,324.38 $ 24,488,232.93 $ 19,853,743.74 $ 4,634,489.19
$ 31,640,580.65 $ 34,488,232.93 $ 31,640,580.67 $ 2,847,652.26

$ 14,350,000.00
 Saldo Final
$ 101,750,000.00
$ 86,419,267.07
$ 69,708,768.18
$ 51,494,324.38
$ 31,640,580.65
-$ 0.03
PROPIEDAD PLANTA Y EQUIPO

Compra servidores y equipos computo $ 200,000,000.00

Costos de importacin y nacionalizacion $ 8,000,000.00
Transporte $ 2,500,000.00
Instalacion y montaje $ 3,500,000.00
Desmantelamiento en 5 aos $ 2,000,000.00
vida util 5 aos
valor de salvamento 10%

Valor presente desmantelamiento $1,725,217.57

Tasa de descuento (IPC proyectado) 3%

TOTAL COSTO EQUIPOS COMPUTO $ 215,725,217.57

METODOS DEPRECIACION LINEA RECTA

PORCENTAJE ANUAL 20%
VALOR A DEPRECIAR $ 194,152,695.81

PERIODO IMPORTE DEPRECIABLE

1 $ 194,152,695.81
2 $ 155,322,156.65
3 $ 116,491,617.49
4 $ 77,661,078.32
5 $ 38,830,539.16

DECRECIENTE
PORCENTAJE ANUAL 40%
COSTO $ 215,725,217.57
IMPORTE DEPRECIAB $ 194,152,695.81
Valor de salvamento $ 21,572,521.76

PERIODO IMPORTE DEPRECIABLE

1 $ 215,725,217.57
2 $ 129,435,130.54
3 $ 77,661,078.32
4 $ 46,596,646.99
5 $ 27,957,988.20

SITUACION 2 DETERIORO
PERIODO IMPORTE DEPRECIABLE
1 $ 215,725,217.57
2 $ 129,435,130.54
3 $ 77,661,078.32
4 $ 46,596,646.99
5 $ 27,957,988.20
 DEPRECIACION DEPRECIACION ACUMULADA SALDO
$ 38,830,539.16 $ 38,830,539.16 $ 155,322,156.65
$ 38,830,539.16 $ 77,661,078.32 $ 116,491,617.49
$ 38,830,539.16 $ 116,491,617.49 $ 77,661,078.32
$ 38,830,539.16 $ 155,322,156.65 $ 38,830,539.16
$ 38,830,539.16 $ 194,152,695.81 $ -

DEPRECIACION DEPRECIACION ACUMULADA SALDO

$ 86,290,087.03 $ 86,290,087.03 $ 129,435,130.54
$ 51,774,052.22 $ 138,064,139.24 $ 77,661,078.32
$ 31,064,431.33 $ 169,128,570.57 $ 46,596,646.99
$ 18,638,658.80 $ 187,767,229.37 $ 27,957,988.20
$ 6,385,466.44 $ 194,152,695.81 $ 21,572,521.76

DEPRECIACION DETERIORODEPRECIACION ACUMULADA

$ 86,290,087.03 $ 86,290,087.03
$ 51,774,052.22 $ 138,064,139.24
$ 31,064,431.33 $ 169,128,570.57
$ 18,638,658.80 $ 10,000,000.00 $ 187,767,229.37
$ 6,385,466.44 $ 194,152,695.81
IMPORTE DEPRECIABLE SALDO ACTIVO
$ 129,435,130.54 $ 129,435,130.54
$ 77,661,078.32 $ 77,661,078.32
$ 46,596,646.99 $ 46,596,646.99
$ 27,957,988.20 $ 17,957,988.20
$ 21,572,521.76 $ 11,572,521.76
Periodo Saldo Inicial Cuota
0
1 $ 185,000,000.00 $55,188,377.21
2 $ 157,561,622.79 $55,188,377.21
3 $ 126,007,489.01 $55,188,377.21
4 $ 89,720,235.15 $55,188,377.21
5 $ 47,989,893.22 $55,188,377.21

VF $372,101,079.69
VA -$185,000,000.00
 0.15
Abono Capital Interes Saldo Final
$ 185,000,000.00
$27,438,377.21 $ 27,750,000.00 $ 157,561,622.79
$31,554,133.79 $ 23,634,243.42 $ 126,007,489.01
$36,287,253.85 $ 18,901,123.35 $ 89,720,235.15
$41,730,341.93 $ 13,458,035.27 $ 47,989,893.22
$47,989,893.22 $ 7,198,483.98 $ -