Produccin inicial por pozo

Declinacin

ALT 1
1000
0.1

0
INVERSIONES
Reprocesamiento
Ssmica
Pozo Exploratorio
Pozo Confirmatorio
TOTAL

ALT 2
1000
0.1

1
500

EXPLORACION
3
4

500
3,500

3,500
15,000

500

500

3,500

3,500

15,000

ALTERNATIVA 1
Perforacin pozos
Facilidades y Campamento
TOTAL

ALTERNATIVA 2
Perforacin pozos
Facilidades y Campamento
TOTAL

PRODUCCION
ALTERNATIVA 1
16 pozos x 1000 BOPD/pozo
16 pozos x 1000 BOPD/pozo
16 pozos x 1000 BOPD/pozo
TOTAL
ALTERNATIVA 2
4 pozos x 1000 BOPD/pozo
4 pozos x 1000 BOPD/pozo
TOTAL
DEPRECIACION
ALTERNATIVA 1
Inversin en Exploracin
Inversin en Desarrollo
Intangible
Tangible

TOTAL ALT 1
ALTERNATIVA 2
Inversin en Exploracin
Inversin en Desarrollo
Intangible
Tangible

TOTAL ALT 2

ON
6

10

11

11664
12960
14400
39024

12

13

14

15

8,000
8,000

32,000
60,000
92,000

32,000
60,000
92,000

8,000
24,000
32,000

8,000
24,000
32,000

32,000
32,000

16000

14400
16000

16000

30400

12960
14400
16000
43360

10497.6 9447.84 8503.056 7652.75

11664 10497.6 9447.84 8503.056
12960
11664 10497.6 9447.84
35121.6 31609.44 28448.5 25603.65

4000
4000

3600
4000
7600

3240
3600
6840

2916
3240
6156

2624.4
2916
5540.4

6200

6200

6200

6200

6200

9600
10300

9600
10300
10300

26100

36400

9600
10300
10300
2800
39200

10300
10300
2800
29600

10300
10300
2800
29600

6200

6200

6200

6200

6200

2400
3700

2400
3700

3700

3700

3700

2361.96 2125.764 1913.188

2624.4 2361.96 2125.764
4986.36 4487.724 4038.952

10300
10300
2800
23400

10300
10300
2800
23400

10300
10300
2800
23400

3700

3700

3700

12300

3700

3700

3700

3700

3700

3700

3700

16000

13600

13600

13600

7400

7400

7400

16

17

18

19

20

21

22

23

6887.475 6198.728 5578.855 5020.97 4518.873 4066.985 3660.287 3294.258

7652.75 6887.475 6198.728 5578.855 5020.97 4518.873 4066.985 3660.287
8503.056 7652.75 6887.475 6198.728 5578.855 5020.97 4518.873 4066.985
23043.28 20738.95 18665.06 16798.55 15118.7 13606.83 12246.14 11021.53

24

25

2964.832
3294.258
3660.287
9919.377

2668.349
2964.832
3294.258
8927.439

1721.869 1549.682 1394.714 1255.242 1129.718 1016.746 915.0717 823.5645 741.2081 667.0873
1913.188 1721.869 1549.682 1394.714 1255.242 1129.718 1016.746 915.0717 823.5645 741.2081
3635.056 3271.551 2944.396 2649.956 2384.961 2146.464 1931.818 1738.636 1564.773 1408.295

10300
2800
13100

2800
2800

3700
3700

26

27

28

29

30

2401.514
2668.349
2964.832
8034.696

2161.363
2401.514
2668.349
7231.226

1945.226
2161.363
2401.514
6508.103

1750.704
1945.226
2161.363
5857.293

1575.633
1750.704
1945.226
5271.564

600.3785 540.3407 486.3066 437.676 393.9084

667.0873 600.3785 540.3407 486.3066 437.676
1267.466 1140.719 1026.647 923.9826 831.5843

Precio Crudo
Costo Operativo
Impuestos
Costo transporte
Tasa Descuento

30 US$/Bl
3.5 US$/Bl
0.3
2.5 US$/Bl
12

ALTERNATIVA 1 - REGALIA 1 (ESCALAS DE PRODUCCION)

0

PRODUCCION
Produccin, BOPD
Produccin, MBls

0
0

0
0

0
0

0
0

0
0

INGRESOS
Ingresos por ventas

0
0

0
0

0
0

0
0

0
0

0.05
0

0.05
0

0.05
0

0.05
0

0.05
0

DEPRECIACION
Depreciacin

INVERSION
Inversin, MUS$

500

500

3,500

3,500

0
0
0
0
-3,500
-4,500
-2,790
-3,737

0
0
0
0
-3,500
-8,000
-2,491
-6,228

0
0
0
0
0
-8,000
0
-6,228

COSTOS OPERATIVOS
Costo Operativo
Costo Transporte
REGALIAS
Porcentaje regala, fraccin
Regala, MUS$

FLUJO
Costo (GO+Regalia+Transp)
0
0
Costo Total (GO+Regalia+Transp+Deprec)
0
0
Utilidad Bruta (Ingresos-Costo total)
0
0
Impuesto
0
0
Flujo Neto (Ingresos-Costo-Transp-Imp-Inv)
-500
-500
Flujo Neto Acumulado
-500
-1,000
Flujo Neto Actualizado
-500
-446
Flujo Neto Actualizado Acumulado
-500
-946
RESULTADOS
VAN
390,040 MUS$
TIR
56.2%

10

11

12

13

0
0

0
0

0
0

16,000
5,840

30,400
11,096

43,360
15,826

39,024
14,244

35,122
12,819

31,609
11,537

175,200

332,880

474,792

427,313

384,582

346,123

0
0

0
0

0
0

20,440
14,600

38,836
27,740

55,392
39,566

49,853
35,609

44,868
32,048

40,381
28,844

0.05
0

0.05
0

0.05
0

0.08
12,087

0.10
29,904

0.12
51,558

0.11
43,721

0.11
37,176

0.10
31,699

26,100

36,400

39,200

29,600

29,600

23,400

15,000

8,000

92,000

92,000

32,000

0
0
47,127
0
0
73,227
0
0 101,973
0
0
30,592
-8,000 -92,000
5,481
-31,000 -123,000 -117,519
-4,053 -41,616
2,214
-18,792 -60,408 -58,195

96,480
132,880
200,000
60,000
144,400
26,881
52,072
-6,123

146,517
185,717
289,075
86,723
241,553
268,434
77,774
71,651

129,183
158,783
268,530
80,559
217,571
486,005
62,546
134,197

114,093
143,693
240,889
72,267
198,222
684,227
50,879
185,076

100,924
124,324
221,799
66,540
178,660
862,886
40,944
226,020

0
0
0
0
-15,000
-23,000
-8,511
-14,739

14

15

16

17

18

19

20

21

22

23

28,448
10,384

25,604
9,345

23,043
8,411

20,739
7,570

18,665
6,813

16,799
6,131

15,119
5,518

13,607
4,966

12,246
4,470

11,022
4,023

311,511

280,360

252,324

227,092

204,382

183,944

165,550

148,995

134,095

120,686

36,343
25,959

32,709
23,363

29,438
21,027

26,494
18,924

23,845
17,032

21,460
15,329

19,314
13,796

17,383
12,416

15,644
11,175

14,080
10,057

0.09
27,104

0.09
23,239

0.09
19,980

0.08
17,225

0.08
14,889

0.08
12,903

0.07
11,210

0.07
9,763

0.07
8,523

0.07
7,457

23,400

23,400

13,100

2,800

89,406
79,311
70,445
62,643
55,765
49,692
44,320
39,562
35,342
31,594
112,806 102,711
83,545
65,443
55,765
49,692
44,320
39,562
35,342
31,594
198,705 177,649 168,779 161,648 148,617 134,252 121,229 109,433
98,753
89,092
59,611
53,295
50,634
48,494
44,585
40,276
36,369
32,830
29,626
26,728
162,493 147,754 131,245 115,954 104,032
93,977
84,861
76,603
69,127
62,364
1,025,380 1,173,133 1,304,379 1,420,332 1,524,364 1,618,341 1,703,201 1,779,804 1,848,932 1,911,296
33,249
26,994
21,409
16,888
13,528
10,911
8,797
7,090
5,713
4,602
259,269 286,264 307,672 324,561 338,089 349,000 357,797 364,888 370,600 375,202

24

25

26

27

28

29

30

9,919
3,621

8,927
3,259

8,035
2,933

7,231
2,639

6,508
2,375

5,857
2,138

5,272
1,924

108,617

97,755

87,980

79,182

71,264

64,137

57,724

12,672
9,051

11,405
8,146

10,264
7,332

9,238
6,598

8,314
5,939

7,483
5,345

6,734
4,810

0.07
6,538

0.06
5,744

0.06
5,056

0.06
4,458

0.06
3,938

0.06
3,483

0.06
3,086

28,261
25,295
22,652
20,294
18,190
16,311
14,631
28,261
25,295
22,652
20,294
18,190
16,311
14,631
80,356
72,461
65,328
58,888
53,073
47,827
43,093
24,107
21,738
19,599
17,666
15,922
14,348
12,928
56,249
50,723
45,730
41,221
37,151
33,479
30,165
1,967,545 2,018,268 2,063,998 2,105,219 2,142,370 2,175,849 2,206,014
3,706
2,984
2,402
1,933
1,556
1,252
1,007
378,908 381,892 384,293 386,227 387,782 389,034 390,040

Precio Crudo
Costo Operativo
Impuestos
Costo transporte
Tasa Descuento

30 US$/Bl
3.5 US$/Bl
0.3
2.5 US$/Bl
12

ALTERNATIVA 1 - REGALIA 2 (RESULTADO ECONOMICO)

0

PRODUCCION
Produccin, BOPD
Produccin, MBls

0
0

0
0

0
0

0
0

0
0

INGRESOS
Ingresos por ventas

0
0

0
0

0
0

0
0

0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0.05

0.05
0.00

0.05
0.00

0.05
0.00

0.05
0.00

0.05
0

0.05
0

0.05
0

0.05
0

0.05
0

DEPRECIACION
Depreciacin

INVERSION
Inversin, MUS$

500

500

3,500

3,500

0
0
0
0
-3,500
-4,500
-2,790
-3,737

0
0
0
0
-3,500
-8,000
-2,491
-6,228

0
0
0
0
0
-8,000
0
-6,228

COSTOS OPERATIVOS
Costo Operativo
Costo Transporte
REGALIAS
Ingresos
Ingresos Acumulados
Egresos
Egresos Acumulados
Factor R (FR)
Regala Fija
Regala Variable, RV, sin corregir
Regala Variable, RV
Regala, fraccin
Regala, MUS$

FLUJO
Costo (GO+Transp+Regalia)
0
0
Costo Total (GO+Transp+Regalia+Deprec)
0
0
Utilidad Bruta (Ingresos-Costo total)
0
0
Impuesto
0
0
Flujo Neto (Ingresos-Costo-Imp-Inv)
-500
-500
Flujo Neto Acumulado
-500
-1,000
Flujo Neto Actualizado
-500
-446
Flujo Neto Actualizado Acumulado
-500
-946
RESULTADOS
VAN
320,257 MUS$
TIR
53.4%

10

11

12

13

0
0

0
0

0
0

16,000
5,840

30,400
11,096

43,360
15,826

39,024
14,244

35,122
12,819

31,609
11,537

175,200

332,880

474,792

427,313

384,582

346,123

0
0

0
0

0
0

20,440
14,600

38,836
27,740

55,392
39,566

49,853
35,609

44,868
32,048

40,381
28,844

0
0
0
0

0
0
0
0

0
0
0
0

175,200
175,200
35,040
35,040

0.05
0.00

0.05
0.00

0.05
0.00

0.05
0

0.05
0

0.05
0

0.05
0.00
0.00
0.05
8,030

332,880
508,080
74,606
109,646
5.00
0.05
0.00
0.00
0.05
15,257

26,100

36,400

39,200

29,600

29,600

23,400

15,000

8,000

92,000

92,000

32,000

0
0
43,070
0
0
69,170
0
0 106,030
0
0
31,809
-8,000 -92,000
8,321
-31,000 -123,000 -114,679
-4,053 -41,616
3,361
-18,792 -60,408 -57,048

81,833
118,233
214,647
64,394
154,653
39,974
55,769
-1,278

203,765
242,965
231,827
69,548
201,479
241,453
64,871
63,593

183,388
212,988
214,324
64,297
179,627
421,080
51,638
115,231

165,050
194,650
189,932
56,980
162,552
583,632
41,723
156,954

148,545
171,945
174,179
52,254
145,325
728,957
33,305
190,259

0
0
0
0
-15,000
-23,000
-8,511
-14,739

474,792
427,313
384,582
346,123
982,872 1,410,185 1,794,766 2,140,890
110,215
194,269
174,842
157,358
219,861
414,130
588,973
746,331
4.63
4.47
3.41
3.05
0.05
0.05
0.05
0.05
0.62
0.60
0.42
0.38
0.20
0.20
0.20
0.20
0.25
0.25
0.25
0.25
108,807
97,926
88,133
79,320

14

15

16

17

18

19

20

21

22

23

28,448
10,384

25,604
9,345

23,043
8,411

20,739
7,570

18,665
6,813

16,799
6,131

15,119
5,518

13,607
4,966

12,246
4,470

11,022
4,023

311,511

280,360

252,324

227,092

204,382

183,944

165,550

148,995

134,095

120,686

36,343
25,959

32,709
23,363

29,438
21,027

26,494
18,924

23,845
17,032

21,460
15,329

19,314
13,796

17,383
12,416

15,644
11,175

14,080
10,057

311,511 280,360 252,324 227,092 204,382 183,944 165,550 148,995 134,095 120,686
2,452,401 2,732,761 2,985,085 3,212,176 3,416,559 3,600,503 3,766,052 3,915,047 4,049,142 4,169,828
141,622 127,460 114,714 103,243
92,918
83,626
75,264
67,737
60,964
54,867
887,953 1,015,413 1,130,127 1,233,369 1,326,287 1,409,914 1,485,178 1,552,915 1,613,879 1,668,746
2.87
2.76
2.69
2.64
2.60
2.58
2.55
2.54
2.52
2.51
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.36
0.34
0.34
0.33
0.33
0.32
0.32
0.32
0.32
0.32
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
0.25
71,388
64,249
57,824
52,042
46,838
42,154
37,938
34,145
30,730
27,657

23,400

23,400

13,100

2,800

133,690
157,090
154,421
46,326
131,495
860,452
26,906
217,165

120,321 108,289
97,460
87,714
78,943
71,048
63,944
57,549
51,794
143,721 121,389 100,260
87,714
78,943
71,048
63,944
57,549
51,794
136,639 130,935 126,831 116,668 105,001
94,501
85,051
76,546
68,891
40,992
39,280
38,049
35,000
31,500
28,350
25,515
22,964
20,667
119,047 104,754
91,582
81,668
73,501
66,151
59,536
53,582
48,224
979,499 1,084,254 1,175,836 1,257,503 1,331,004 1,397,155 1,456,691 1,510,273 1,558,497
21,749
17,088
13,338
10,620
8,534
6,858
5,511
4,428
3,558
238,915 256,003 269,341 279,961 288,495 295,353 300,863 305,291 308,850

24

25

26

27

28

29

30

9,919
3,621

8,927
3,259

8,035
2,933

7,231
2,639

6,508
2,375

5,857
2,138

5,272
1,924

108,617

97,755

87,980

79,182

71,264

64,137

57,724

12,672
9,051

11,405
8,146

10,264
7,332

9,238
6,598

8,314
5,939

7,483
5,345

6,734
4,810

108,617
97,755
87,980
79,182
71,264
64,137
57,724
4,278,445 4,376,201 4,464,181 4,543,363 4,614,626 4,678,764 4,736,487
49,381
44,443
39,998
35,998
32,399
29,159
26,243
1,718,127 1,762,569 1,802,568 1,838,566 1,870,965 1,900,123 1,926,366
2.50
2.49
2.48
2.48
2.47
2.47
2.46
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.31
0.31
0.31
0.31
0.31
0.31
0.31
0.20
0.20
0.20
0.20
0.20
0.20
0.20
0.25
0.25
0.25
0.25
0.25
0.25
0.25
24,891
22,402
20,162
18,146
16,331
14,698
13,228

46,615
41,953
37,758
33,982
30,584
27,526
24,773
46,615
41,953
37,758
33,982
30,584
27,526
24,773
62,002
55,802
50,222
45,200
40,680
36,612
32,951
18,601
16,741
15,067
13,560
12,204
10,984
9,885
43,402
39,061
35,155
31,640
28,476
25,628
23,065
1,601,899 1,640,961 1,676,116 1,707,756 1,736,231 1,761,860 1,784,925
2,859
2,298
1,846
1,484
1,192
958
770
311,709 314,007 315,853 317,337 318,529 319,487 320,257

Precio Crudo
Costo Operativo
Impuestos
Costo transporte
Tasa Descuento

30 US$/Bl
4 US$/Bl
0.3
3 US$/Bl
12

ALTERNATIVA 1 - REGALIA 1 (ESCALAS DE PRODUCCION)

0

PRODUCCION
Produccin, BOPD
Produccin, MBls

0
0

0
0

0
0

0
0

0
0

INGRESOS
Ingresos por ventas

0
0

0
0

0
0

0
0

0
0

0.05
0

0.05
0

0.05
0

0.05
0

0.05
0

DEPRECIACION
Depreciacin

INVERSION
Inversin, MUS$

500

500

3,500

3,500

0
0
0
0
-500
-500
-500
-500

0
0
0
0
-500
-1,000
-446
-946

0
0
0
0
-3,500
-4,500
-2,790
-3,737

0
0
0
0
-3,500
-8,000
-2,491
-6,228

0
0
0
0
0
-8,000
0
-6,228

COSTOS OPERATIVOS
Costo Operativo
Costo Transporte
REGALIAS
Porcentaje regala, fraccin
Regala, MUS$

FLUJO
Costo (GO+Transp+Regalia)
Costo Total (GO+Transp+Regalia+Deprec)
Utilidad Bruta (Ingresos-Costo total)
Impuesto
Flujo Neto (Ingresos-Costo-Imp-Inv)
Flujo Neto Acumulado
Flujo Neto Actualizado
Flujo Neto Actualizado Acumulado
RESULTADOS
VAN
TIR

47,004 MUS$
27.2%

10

11

12

13

0
0

0
0

0
0

4,000
1,460

7,600
2,774

6,840
2,497

6,156
2,247

5,540
2,022

4,986
1,820

43,800

83,220

74,898

67,408

60,667

54,601

0
0

0
0

0
0

5,840
4,380

11,096
8,322

9,986
7,490

8,988
6,741

8,089
6,067

7,280
5,460

0.05
0

0.05
0

0.05
0

0.05
1,971

0.06
4,644

0.06
4,098

0.06
3,623

0.06
3,208

0.05
2,457

12,300

16,000

13,600

13,600

13,600

7,400

15,000

8,000

32,000

32,000

0
0
0
0
-15,000
-23,000
-8,511
-14,739

0
0
0
0
-8,000
-31,000
-4,053
-18,792

0
0
0
0
-32,000
-63,000
-14,475
-33,267

12,191
24,491
19,309
5,793
-6,184
-69,184
-2,497
-35,765

24,062
40,062
43,158
12,947
46,211
-22,973
16,664
-19,101

21,575
35,175
39,723
11,917
41,406
18,433
13,332
-5,769

19,352
32,952
34,457
10,337
37,720
56,153
10,843
5,074

17,363
30,963
29,704
8,911
34,393
90,546
8,828
13,902

15,197
22,597
32,003
9,601
29,802
120,348
6,830
20,732

14

15

16

17

18

19

20

21

22

23

4,488
1,638

4,039
1,474

3,635
1,327

3,272
1,194

2,944
1,075

2,650
967

2,385
871

2,146
783

1,932
705

1,739
635

49,141

44,227

39,804

35,823

32,241

29,017

26,115

23,504

21,153

19,038

6,552
4,914

5,897
4,423

5,307
3,980

4,776
3,582

4,299
3,224

3,869
2,902

3,482
2,612

3,134
2,350

2,820
2,115

2,538
1,904

0.05
2,211

0.05
1,990

0.05
1,791

0.05
1,612

0.05
1,451

0.05
1,306

0.05
1,175

0.05
1,058

0.05
952

0.05
857

7,400

7,400

3,700

13,677
21,077
28,063
8,419
27,044
147,392
5,534
26,266

12,310
19,710
24,517
7,355
24,562
171,954
4,487
30,753

11,079
14,779
25,025
7,508
21,218
193,172
3,461
34,214

9,971
9,971
25,853
7,756
18,097
211,269
2,636
36,850

8,974
8,974
23,267
6,980
16,287
227,556
2,118
38,968

8,076
8,076
20,941
6,282
14,658
242,214
1,702
40,670

7,269
7,269
18,847
5,654
13,193
255,407
1,368
42,037

6,542
6,542
16,962
5,089
11,873
267,280
1,099
43,136

5,888
5,888
15,266
4,580
10,686
277,966
883
44,020

5,299
5,299
13,739
4,122
9,617
287,584
710
44,729

24

25

26

27

28

29

30

1,565
571

1,408
514

1,267
463

1,141
416

1,027
375

924
337

832
304

17,134

15,421

13,879

12,491

11,242

10,118

9,106

2,285
1,713

2,056
1,542

1,851
1,388

1,665
1,249

1,499
1,124

1,349
1,012

1,214
911

0.05
771

0.05
694

0.05
625

0.05
562

0.05
506

0.05
455

0.05
410

4,769
4,769
12,365
3,710
8,656
296,239
570
45,299

4,292
4,292
11,129
3,339
7,790
304,029
458
45,758

3,863
3,863
10,016
3,005
7,011
311,040
368
46,126

3,477
3,477
9,014
2,704
6,310
317,350
296
46,422

3,129
3,129
8,113
2,434
5,679
323,029
238
46,660

2,816
2,816
7,302
2,190
5,111
328,140
191
46,851

2,534
2,534
6,571
1,971
4,600
332,740
154
47,004

Precio Crudo
Costo Operativo
Impuestos
Costo transporte
Tasa Descuento

30 US$/Bl
4 US$/Bl
0.3
3 US$/Bl
12

ALTERNATIVA 1 - REGALIA 2 (RESULTADO ECONOMICO)

0

PRODUCCION
Produccin, BOPD
Produccin, MBls

0
0

0
0

0
0

0
0

0
0

INGRESOS
Ingresos por ventas

0
0

0
0

0
0

0
0

0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0
0
0
0

0.05

0.05
0.00

0.05
0.00

0.05
0.00

0.05
0.00

0.05
0

0.05
0

0.05
0

0.05
0

0.05
0

DEPRECIACION
Depreciacin

INVERSION
Inversin, MUS$

500

500

3,500

3,500

0
0
0
0
-500
-500
-500
-500

0
0
0
0
-500
-1,000
-446
-946

0
0
0
0
-3,500
-4,500
-2,790
-3,737

0
0
0
0
-3,500
-8,000
-2,491
-6,228

0
0
0
0
0
-8,000
0
-6,228

COSTOS OPERATIVOS
Costo Operativo
Costo Transporte
REGALIAS
Ingresos
Ingresos Acumulados
Egresos
Egresos Acumulados
Factor R (FR)
Regala Fija
Regala Variable, RV, sin corregir
Regala Variable, RV
Regala, fraccin
Regala, MUS$

FLUJO
Costo (GO+Transp+Regalia)
Costo Total (GO+Transp+Regalia+Deprec)
Utilidad Bruta (Ingresos-Costo total)
Impuesto
Flujo Neto (Ingresos-Costo-Imp-Inv)
Flujo Neto Acumulado
Flujo Neto Actualizado
Flujo Neto Actualizado Acumulado
RESULTADOS
VAN
TIR

32,288 MUS$
23.8%

10

11

12

13

0
0

0
0

0
0

4,000
1,460

7,600
2,774

6,840
2,497

6,156
2,247

5,540
2,022

4,986
1,820

43,800

83,220

74,898

67,408

60,667

54,601

0
0

0
0

0
0

5,840
4,380

11,096
8,322

9,986
7,490

8,988
6,741

8,089
6,067

7,280
5,460

0
0
0
0

0
0
0
0

0
0
0
0

43,800
43,800
10,220
10,220

0.05
0.00

0.05
0.00

0.05
0.00

0.05
0

0.05
0

0.05
0

0.05
0.00
0.00
0.05
1,971

83,220
127,020
21,389
31,609
4.29
0.05
0.00
0.00
0.05
3,745

74,898
201,918
21,221
52,830
4.02
0.05
0.56
0.20
0.25
16,852

67,408
269,326
32,581
85,411
3.82
0.05
0.53
0.20
0.25
15,167

60,667
329,994
29,323
114,733
3.15
0.05
0.38
0.20
0.25
13,650

54,601
384,594
26,390
141,124
2.88
0.05
0.34
0.20
0.25
12,285

12,300

16,000

13,600

13,600

13,600

7,400

15,000

8,000

32,000

32,000

0
0
0
0
-15,000
-23,000
-8,511
-14,739

0
0
0
0
-8,000
-31,000
-4,053
-18,792

0
0
0
0
-32,000
-63,000
-14,475
-33,267

12,191
24,491
19,309
5,793
-6,184
-69,184
-2,497
-35,765

23,163
39,163
44,057
13,217
46,840
-22,344
16,891
-18,874

34,328
47,928
26,970
8,091
32,479
10,135
10,457
-8,417

30,895
44,495
22,913
6,874
29,639
39,774
8,520
104

27,806
41,406
19,261
5,778
27,083
66,857
6,952
7,055

25,025
32,425
22,175
6,653
22,923
89,780
5,253
12,309

14

15

16

17

18

19

20

21

22

23

4,488
1,638

4,039
1,474

3,635
1,327

3,272
1,194

2,944
1,075

2,650
967

2,385
871

2,146
783

1,932
705

1,739
635

49,141

44,227

39,804

35,823

32,241

29,017

26,115

23,504

21,153

19,038

6,552
4,914

5,897
4,423

5,307
3,980

4,776
3,582

4,299
3,224

3,869
2,902

3,482
2,612

3,134
2,350

2,820
2,115

2,538
1,904

49,141
433,735
23,751
164,875
2.73
0.05
0.33
0.20
0.25
11,057

44,227
477,961
21,376
186,251
2.63
0.05
0.32
0.20
0.25
9,951

39,804
517,765
19,239
205,490
2.57
0.05
0.31
0.20
0.25
8,956

35,823
553,589
17,315
222,804
2.52
0.05
0.30
0.20
0.25
8,060

32,241
585,830
15,583
238,387
2.48
0.05
0.30
0.20
0.25
7,254

29,017
614,847
14,025
252,412
2.46
0.05
0.30
0.20
0.25
6,529

26,115
640,962
12,622
265,035
2.44
0.05
0.29
0.20
0.25
5,876

23,504
664,466
11,360
276,395
2.42
0.05
0.29
0.20
0.25
5,288

21,153
685,619
10,224
286,619
2.40
0.05
0.29
0.20
0.25
4,760

19,038
704,657
9,202
295,821
2.39
0.05
0.29
0.20
0.25
4,284

7,400

7,400

3,700

22,523
29,923
19,218
5,765
20,852
110,632
4,267
16,575

20,270
27,670
16,556
4,967
18,989
129,622
3,469
20,045

18,243
21,943
17,860
5,358
16,202
145,824
2,643
22,688

16,419
16,419
19,404
5,821
13,583
159,407
1,978
24,666

14,777
14,777
17,464
5,239
12,225
171,632
1,590
26,256

13,299
13,299
15,718
4,715
11,002
182,634
1,277
27,533

11,970
11,970
14,146
4,244
9,902
192,536
1,027
28,560

10,773
10,773
12,731
3,819
8,912
201,448
825
29,385

9,695
9,695
11,458
3,437
8,021
209,469
663
30,047

8,726
8,726
10,312
3,094
7,219
216,687
533
30,580

24

25

26

27

28

29

30

1,565
571

1,408
514

1,267
463

1,141
416

1,027
375

924
337

832
304

17,134

15,421

13,879

12,491

11,242

10,118

9,106

2,285
1,713

2,056
1,542

1,851
1,388

1,665
1,249

1,499
1,124

1,349
1,012

1,214
911

17,134
721,792
8,282
304,102
2.38
0.05
0.29
0.20
0.25
3,855

15,421
737,212
7,453
311,556
2.37
0.05
0.29
0.20
0.25
3,470

13,879
751,091
6,708
318,264
2.37
0.05
0.28
0.20
0.25
3,123

12,491
763,582
6,037
324,301
2.36
0.05
0.28
0.20
0.25
2,810

11,242
774,824
5,434
329,735
2.35
0.05
0.28
0.20
0.25
2,529

10,118
784,942
4,890
334,625
2.35
0.05
0.28
0.20
0.25
2,276

9,106
794,047
4,401
339,026
2.35
0.05
0.28
0.20
0.25
2,049

7,853
7,853
9,281
2,784
6,497
223,184
428
31,008

7,068
7,068
8,353
2,506
5,847
229,031
344
31,352

6,361
6,361
7,518
2,255
5,262
234,293
276
31,628

5,725
5,725
6,766
2,030
4,736
239,029
222
31,850

5,152
5,152
6,089
1,827
4,263
243,292
178
32,029

4,637
4,637
5,480
1,644
3,836
247,128
143
32,172

4,174
4,174
4,932
1,480
3,453
250,581
115
32,288

DATOS
Tasa de Impuesto a Utilidades
Tasa de descuento
Volumen Equipo Antiguo
Volumen Equipo Nuevo
Costo Servicio

EQUIPO ANTIGUO
Ingresos
Costos de Operacin
Venta equipo
Utilidad AI
Impuestos
Utilidad DI
Flujo de Caja
VAN

EQUIPO NUEVO
Inversin
Ingresos
Costos de Operacin
Venta equipo
Utilidad AI
Impuestos
Utilidad DI
Flujo de Caja
VAN

INCREMENTAL (NUEVO-ANTIGUO)
Inversin
Ingresos
Costos de Operacin
Venta equipo
Utilidad AI
Impuestos
Utilidad DI
Flujo de Caja
VAN

0.30
0.14
20.00 BPD
25.00 BPD
6.50 US$/Bl

0
0
0
0
72,304

0
25,000

15,000
15,000
4,500
10,500
-14,500
84,038

0
25,000

15,000
15,000
4,500
10,500
-14,500
11,734

1
47,450
12,000

2
47,450
12,000

3
47,450
12,000

4
47,450
12,000

35,450
10,635
24,815
24,815

35,450
10,635
24,815
24,815

35,450
10,635
24,815
24,815

35,450
10,635
24,815
24,815

59,313
11,000

59,313
11,000

59,313
11,000

59,313
11,000

48,313
14,494
33,819
33,819

48,313
14,494
33,819
33,819

48,313
14,494
33,819
33,819

48,313
14,494
33,819
33,819

11,863
-1,000

11,863
-1,000

11,863
-1,000

11,863
-1,000

12,863
3,859
9,004
9,004

12,863
3,859
9,004
9,004

12,863
3,859
9,004
9,004

12,863
3,859
9,004
9,004

5
47,450
12,000
12,000
47,450
14,235
33,215
33,215

5
59,313
11,000
15,000
63,313
18,994
44,319
44,319

5
11,863
-1,000
3,000
15,863
4,759
11,104
11,104

0
Nivel de Produccin, BOPD
Nivel Produccin Anual, Bls

1
2
3
4
10,000
30,000
40,000
45,000
3,650,000 10,950,000 14,600,000 16,425,000

EVALUACION ALTERNATIVA : HYDROCRAKING

Costos Fijos
CV - Unitarios
CV- Totales
Depreciacin (10 aos)
Resultado AI
Ahorro de Impuestos (30%)
Resultado DI
Inversin
Flujo de Caja (costos)
VAN (18%)

9,000,000
2.5
9,125,000
35,000,000
53,125,000
15,937,500
37,187,500
350,000,000
-350,000,000
-421,031,700

9,000,000
2.5
27,375,000
35,000,000
71,375,000
21,412,500
49,962,500

9,500,000
2.5
36,500,000
35,000,000
81,000,000
24,300,000
56,700,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

-2,187,500 -14,962,500 -21,700,000 -19,495,000

EVALUACION ALTERNATIVA : ROSE

Costos Fijos
CV - Unitarios
CV- Totales
Depreciacin (10 aos)
Resultado AI
Ahorro de Impuestos (30%)
Resultado DI
Inversin
Flujo de Caja (costos)
VAN (18%)

9,500,000
3.2
11,680,000
32,000,000
53,180,000
15,954,000
37,226,000
320,000,000
-320,000,000
-433,767,791

9,800,000
3.2
35,040,000
32,000,000
76,840,000
23,052,000
53,788,000

10,200,000
3.2
46,720,000
32,000,000
88,920,000
26,676,000
62,244,000

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

-5,226,000 -21,788,000 -30,244,000 -32,452,500

EVALUACION ALTERNATIVA : X
Costos Fijos
CV - Unitarios
CV- Totales
Depreciacin (10 aos)
Resultado AI
Ahorro de Impuestos (30%)
Resultado DI
Inversin
Flujo de Caja (costos)
VAN (18%)

10,000,000
3.5
12,775,000
30,000,000
52,775,000
15,832,500
36,942,500
300,000,000
-300,000,000
-426,003,565

10,000,000
3.5
38,325,000
30,000,000
78,325,000
23,497,500
54,827,500

10,500,000
3.5
51,100,000
30,000,000
91,600,000
27,480,000
64,120,000

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

-6,942,500 -24,827,500 -34,120,000 -35,142,000

5
6
7
8
9
10
45,000
45,000
45,000
45,000
45,000
45,000
16,425,000 16,425,000 16,425,000 16,425,000 16,425,000 16,425,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

10,000,000
2.0
32,850,000
35,000,000
77,850,000
23,355,000
54,495,000

-19,495,000 -19,495,000 -19,495,000 -19,495,000 -19,495,000 -19,495,000

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

10,800,000
3.0
49,275,000
32,000,000
92,075,000
27,622,500
64,452,500

-32,452,500 -32,452,500 -32,452,500 -32,452,500 -32,452,500 -32,452,500

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

10,500,000
3.2
52,560,000
30,000,000
93,060,000
27,918,000
65,142,000

-35,142,000 -35,142,000 -35,142,000 -35,142,000 -35,142,000 -35,142,000

ALTERNATIVA
Utilizar despachador
Inversin
Mano de Obra
Ahorro de impuestos
Flujo de Caja (costos)
VAN costos despachador

Utilizar Equipo Nuevo

Inversin
Depreciacin (10 aos)
Gastos reparacin y mantenim
Gasto total (ahorro impuestos)
Ahorro de impuestos
Flujo de Caja (costos)
VAN costos Equipo Nuevo

0
0
0
0
0
10,696

3,400
1,020
2,380

3,400
1,020
2,380

3,400
1,020
2,380

3,400
1,020
2,380

500
1,000
1,500
450
550

500
1,000
1,500
450
550

500
1,000
1,500
450
550

500
1,000
1,500
450
550

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

5,000

5,000
7,472

Flujo Incremental (Despachador - Equipo Nuevo)

Inversin Incremental
-5,000
mayores costos operacionales
Menor costo por depreciacin
Resultado AI
Ahorro de impuestos
Flujo de Caja (costos)
5,000
VAN Flujo incrementales
(3,224)

10

3,400
1,020
2,380

3,400
1,020
2,380

3,400
1,020
2,380

3,400
1,020
2,380

3,400
1,020
2,380

3,400
1,020
2,380

500
1,000
1,500
450
550

500
1,000
1,500
450
550

500
1,000
1,500
450
550

500
1,000
1,500
450
550

500
1,000
1,500
450
550

500
1,000
1,500
450
550

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

2,400
-500
1,900
570
-1,830

Impuestos
Tasa descuento

0.30
0.14

0
ALTERNATIVA 1
Costo mano de obra
Costo de materia prima
Energa reparacin y otros
Depreciacin
Resultado AI
Ahorro de impuestos
Resultado DI
Valor libro terreno
Valor libro planta
Valor libro Mquinas y equipos
Inversin - Terreno
Inversin - Construccin Planta
Inversin - Mquinas y Equipos
Inversin - Obras complementarias
FLUJO NETO
VAN

200,000
60,000
120,000
12,000
-392,000
(1,220,827)

ALTERNATIVA 2
Costo mano de obra
Costo de materia prima
Energa reparacin y otros
Depreciacin
Resultado AI
Ahorro de impuestos
Resultado DI
Valor libro terreno
Valor libro Mquinas y equipos
Inversin - Compra planta+remodelacin 220,000
Inversin - Mquinas y Equipos
120,000
Inversin - Obras complementarias
12,000
FLUJO NETO
-352,000
VAN
(1,298,890)

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

-169,240

-169,240

-169,240

-169,240

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

-190,840

-190,840

-190,840

-190,840

10

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440

55,000
180,000
15,000
19,200
269,200
80,760
188,440
200,000
0
0

-169,240

-169,240

-169,240

-169,240

-169,240

30,760

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040

75,000
180,000
25,000
17,200
297,200
89,160
208,040
180,000

-190,840

-190,840

-190,840

-190,840

-190,840

-10,840

Tasa Impuesto utilidades

Tasa descuento
ALTERNATIVA 1
Costo gas (US$/MMBTU)
Costo de la energa, anual, US$
Suministro y repuestos
Mano de obra
Energa anual requerida, MMBTU
Costo Mantenimiento
Precio inicial Horno elctrico
Precio Horno Nuevo - Gas

0.30
0.16

7.5
27,375
500
17,700
3,650
1,000
2,500
6,000

ALTERNATIVA 2
Costo gas (US$/MMBTU)
Costo de la energa, anual
Suministro y repuestos
Mano de obra
Energa anual requerida
Costo Mantenimiento
Precio inicial Horno elctrico
Precio Horno Nuevo - Gas

0
1
2
3
ALTERNATIVA 1 - Horno gas doble capacidad y mantener horno elctrico
Costo de Operacin
45,575
45,575
45,575
Costo de Mantenimiento
1,000
1,000
1,000
Depreciacin horno existente (elctrico)
250
250
250
Depreciacin horno nuevo (gas)
600
600
600
Resultado AI
47,425
47,425
47,425
Ahorro de Impuestos
14,228
14,228
14,228
Resultado DI
33,198
33,198
33,198
Inversin en Activo
6,000
FLUJO NETO
-6,000
-32,348
-32,348
-32,348
VAN
(162,429)

ALTERNATIVA 2 - Horno gas + horno elctrico

Costo de Operacin
53,988
Costo de Mantenimiento horno elctrico
700
Costo mantenimiento horno gas
600
Depreciacin horno existente (elctrico)
250
Depreciacin horno nuevo (gas)
420
Resultado AI
55,958
Ahorro de Impuestos
16,787
Resultado DI
39,170
Inversin en Activo
4,200
FLUJO NETO
-4,200
-38,500
VAN
(190,367)

GAS
7.5
13,688
300
17,700
1,825
600
4,200

45,575
1,000
250
600
47,425
14,228
33,198

45,575
1,000
250
600
47,425
14,228
33,198

-32,348

-32,348

53,988
700
600
250
420
55,958
16,787
39,170

53,988
700
600
250
420
55,958
16,787
39,170

53,988
700
600
250
420
55,958
16,787
39,170

53,988
700
600
250
420
55,958
16,787
39,170

-38,500

-38,500

-38,500

-38,500

ELECTR
12
21,900
400
1,825
700
2,500

10

45,575
1,000
250
600
47,425
14,228
33,198

45,575
1,000

45,575
1,000

45,575
1,000

45,575
1,000

600
47,175
14,153
33,023

600
47,175
14,153
33,023

600
47,175
14,153
33,023

600
47,175
14,153
33,023

-32,348

-32,423

-32,423

-32,423

-32,423

53,988
700
600
250
420
55,958
16,787
39,170

53,988
700
600

53,988
700
600

53,988
700
600

53,988
700
600

420
55,708
16,712
38,995

420
55,708
16,712
38,995

420
55,708
16,712
38,995

420
55,708
16,712
38,995

-38,500

-38,575

-38,575

-38,575

-38,575

DECISION DE TAMAO Y AMPLIACION

Impuestos a utilidad
Tasa descuento

0.30
0.14
1
600,000
0.15
90,000
7.0

Demanda del mercado (m)

Participacin de Mercado
Demanda estimada para Empresa
Precio

Planta
A
B
C

ESTIMADO PLANTA A
Demanda cubierta por Planta
Ingresos
Costos fijos
Costo variable, unitario
Costos variables, total
Depreciacin planta
Utilidad AI
Impuestos
Utilidad DI
Inversin en Planta
Flujo Neto
VAN
TIR

ESTIMADO PLANTA B
Demanda cubierta por Planta
Ingresos
Costos fijos
Costo variable, unitario
Costos variables, total
Depreciacin planta
Utilidad AI
Impuestos
Utilidad DI
Inversin en Planta
Flujo Neto
VAN
TIR

ESTIMADO PLANTA C
Demanda cubierta por Planta
Ingresos
Costos fijos
Costo variable, unitario

800,000
-800,000
426,790
32.46

1,480,000
-1,480,000
849,760
30.00

2
800,000
0.20
160,000
7.0

3
950,000
0.25
237,500
7.0

Cap. Max Costo Unitario Costo Fijo

m
Plena Cap.
fraccin
160,000
3.8
0.189
350,000
2.5
0.434
400,000
1.8
0.762

1
90,000
630,000
114,912
3.08
277,362
160,000
77,726
23,318
54,408

2
160,000
1,120,000
114,912
3.08
493,088
160,000
352,000
105,600
246,400

3
160,000
1,120,000
114,912
3.08
493,088
160,000
352,000
105,600
246,400

214,408

406,400

406,400

1
90,000
630,000
379,750
1.42
127,350
296,000
-173,100
-51,930
-121,170

2
160,000
1,120,000
379,750
1.42
226,400
296,000
217,850
65,355
152,495

3
237,500
1,662,500
379,750
1.42
336,063
296,000
650,688
195,206
455,481

174,830

448,495

751,481

1
90,000
630,000
548,640
0.43

2
160,000
1,120,000
548,640
0.43

3
237,500
1,662,500
548,640
0.43

Costos variables, total

Depreciacin planta
Utilidad AI
Impuestos
Utilidad DI
Inversin en Planta
Flujo Neto
VAN
TIR

RESUMEN
PROYECTO A
PROYECTO B
PROYECTO C

1,850,000
-1,850,000
815,714
26.10

VAN
426,790
849,760
815,714

38,556
370,000
-327,196
-98,159
-229,037

68,544
370,000
132,816
39,845
92,971

101,745
370,000
642,115
192,635
449,481

140,963

462,971

819,481

TIR
32.46
30.00
26.10

La alternativa econmica mas conveniente es el TAMAO B, a pesar que no abastece el 100% de la

demanda proyectada. El costo financiero asociado a la inversin del TAMAO C no es compensado por rentabilidad

4
1,200,000
0.30
360,000
7.0

5
1,500,000
0.30
450,000
7.0

Costo Var
fraccin
0.811
0.566
0.238

Inversin
US$
800,000
1,480,000
1,850,000

4
160,000
1,120,000
114,912
3.08
493,088
160,000
352,000
105,600
246,400

5
160,000
1,120,000
114,912
3.08
493,088
160,000
352,000
105,600
246,400

406,400

406,400

4
350,000
2,450,000
379,750
1.42
495,250
296,000
1,279,000
383,700
895,300

5
350,000
2,450,000
379,750
1.42
495,250
296,000
1,279,000
383,700
895,300

1,191,300

1,191,300

4
360,000
2,520,000
548,640
0.43

5
400,000
2,800,000
548,640
0.43

154,224
370,000
1,447,136
434,141
1,012,995

171,360
370,000
1,710,000
513,000
1,197,000

1,382,995

1,567,000

ue no abastece el 100% de la
AMAO C no es compensado por rentabilidad

DECISION DE LOCALIZACION
Volumen de Produccin inicial
Crecimiento demanda esperada
Crecimiento demanda Lima
Crecimiento demanda Lurn
Crecimiento demanda Balnearios Sur
Crecimiento demanda Cono Sur
Costo Capital Promedio Ponderado
materia prima importada

Compra de Planta
Remodelacin
Traslado
TOTAL INVERSIONES
Depreciacin de nueva planta

300 Ton
0.05 fraccin
0
0.02
0
0
17.6 0.01360103
0.7
meses
800000
7
350000
6
200000
0
1350000
30 aos

879,345
367,044 58333.3333
200,000
1,446,389
38,333 US$/ao

Distancia de Puerto a Fbrica (Centro Prd)

25
Costo transporte materia prima
5
Costo carga y descarga
10
Alquiler almacen Lurn
1800
Reduccin de alquiler almacen por Nueva Localizacin 0.5
Distancia de Puerto a Nueva Localizac
75

km
US$/km
US$/Ton
mes
fraccin
km

Area terreno actual

Costo de adquisicin en ao 1950
Valoracin actual
Valor actual en libros

28000
250000
255
28500

m2
US$
US$/m2
vida til contable para 2 aos

Nmero de operarios
Sueldo promedio operarios
Costo transporte Operarios
Nmero de operarios en Nueva Localizac
Indemnizacin operarios
Bono Indemnizacin

20
500
12000
8
100000
1000

Tasa de Impuestos
Tasa de descuento

US$/mes
US$/mes
US$
US$/operario

0.15
0.176
0

Volumen de Produccin / Insumos

Demanda Cercanas Lurn
Demanda Lurn
Demanda Zona Balnearios Sur
Demanda Cono Sur

SITUACION SIN PROYECTO

Costo de transporte importaciones
Costo de carga y descarga
Alquiler almacen Lurn
Remuneracin operarios almacen Lurn
TOTAL Costos
Depreciacin
Resultados antes de Impuestos

Carga en Planta y descarga en Cono Sur y balnearios

Cono Sur y Balnearios es comercio loca

1
300
0.20
0.60
0.10
0.10

315
0.20
0.58
0.12
0.10

2
330.75
0.20
0.56
0.14
0.10

3
347.2875
0.20
0.54
0.16
0.10

1
27,563
3,843
21,600
120,000
173,006
14,250
187,256

2
28,941
4,101
21,600
120,000
174,642
14,250
188,892

3
30,388
4,376
21,600
120,000
176,363
176,363

Ahorro de impuestos
Resultado despues de Impuestos (COSTOS)
Flujo de Caja
VAC

28,088
159,167
144,917

28,334
160,558
146,308

26,455
149,909
149,909

1
144,000
82,688
3,150
10,800
48,000
288,638
38,333
40,000

2
144,000
86,822
3,308
10,800
48,000
292,929
38,333
40,000

3
144,000
91,163
3,473
10,800
48,000
297,436
38,333
40,000

366,971
55,046
311,925

371,263
55,689
315,573

375,769
56,365
319,404

233,592

237,240

241,070

468,431

SITUACION CON PROYECTO

Costo de transporte operarios
Costo de transporte importaciones
Costo de carga y descarga
Alquiler almacen Lurn
Remuneracin operarios almacen Lurn
SUB-TOTAL COSTOS
Depreciacin nueva planta
Amortizacin del traslado
Ingreso por venta de terreno
Valor libro terreno
Valor libro Construccin
Indemnizacin operarios
RESULTADO ANTES DE IMPUESTOS
Ahorro (Pago) de Impuestos
RESULTADO DESPUES DE IMPUESTOS

7,140,000
250,000
28,500
112,000
-6,749,500
-1,012,425
-5,737,075

Compra Nueva planta

Remodelacin nueva planta
Traslado
FLUJO DE CAJA
VAC

879,345
367,044
200,000
-4,569,186
-3,811,796

RESULTADO FINAL (VAC con traslado - VAC sin traslado)

-4,280,227

en Planta y descarga en Cono Sur y balnearios

Cono Sur y Balnearios es comercio local

4
364.651875
0.20
0.52
0.18
0.10

5
382.884469
0.20
0.50
0.20
0.10

4
31,907
4,668
21,600
120,000
178,175

5
33,502
4,977
21,600
120,000
180,080

178,175

180,080

26,726
151,448
151,448

27,012
153,068
153,068

4
144,000
95,721
3,647
10,800
48,000
302,168
38,333
40,000

5
144,000
100,507
3,829
10,800
48,000
307,136
38,333
40,000

380,501
57,075
323,426

385,469
57,820
327,649

245,092

249,316

OUTSOURCING

ACTIVO
PC y licencia software Geolog
PC y licencia software Simulac
PC y licencia software Econ-Fin-1
PC y licencia software Econ-Fin-2
TOTAL
Adquiridos hace 04 aos
COSTOS OPERACIONALES
Gastos administracin
Operadores PC
Apoyos

Valor
Unitario
US$
5,000
5,000
2,500
2,500
35,000

Cantidad

Costo Equipos (Outsourcing)

Costo del servicio (Outsourcing)
Indemnizacin por despidos

Impuestos
Costo de capital real

Vida
Util
Contable

Cantidad
4
2
1
1
8

6
8
6
6

US$ (mes)
7,000
8
400
4
300

US$ (ao)
84,000
38,400
14,400

3,000
15,000
400

36,000
180,000
57,600

1
84,000
38,400
14,400

2
84,000
38,400
14,400

3,333
1,250
417
417

3,333
1,250
417
417

142,217
42,665
99,552

1
12

Valor
Valor
Salvamento Salvamento
Actual
a 6 aos
0.40
0.20
0.40
0.15
0.30
0.10
0.30
0.10

0.300
0.120

SIN PROYECTO (SITUACION ACTUAL) 0

Gastos administracin
Sueldos operadores PC
Sueldos apoyos
Depreciacin PC - Geociencias
Depreciacin PC - Simulacin
Depreciacin PC - Econ-Fin-1
Depreciacin PC - Econ-Fin-2

3
84,000
38,400
14,400

4
84,000
38,400
14,400

1,250

1,250

142,217
42,665
99,552

138,050
41,415
96,635

138,050
41,415
96,635

94,135

94,135

95,385

95,385

1
36,000
180,000

2
36,000
180,000

3
36,000
180,000

4
36,000
180,000

Valor de Salvamento
Resultado antes de Impuestos
Impuestos
Resultado despes de Impuestos
FLUJO NETO
VAC

CON PROYECTO (OUTSOURCING)

Costo Equipos
Costo Servicio
Indemnizacin

0
387,926

57,600

Venta PC - Geociencias
Venta PC - Simulacin
Venta PC - Econ-Fin-1
Venta PC - Econ-Fin-2

8,000
4,000
750
750

Valo Libro PC - Geociencias

Valor Libro PC - Simulacin
Valor Libro PC - Econ-Fin-1
Valor Libro PC - Econ-Fin-2

6,667
5,000
833
833

Resultados Antes Impuestos

Ahorro de Impuestos
Resultados Despus de Impuestos
FLUJO NETO
VAC

57,433
17,230
40,203

216,000
64,800
151,200

216,000
64,800
151,200

216,000
64,800
151,200

216,000
64,800
151,200

26,870
648,515

151,200

151,200

151,200

151,200

CONVIENE MANTENER SITUACION ACTUAL

Valor
Valor
Salvamento Depreciacin Salvamento
a 6 aos
actual
4,000
3,333
8,000
1,500
1,250
4,000
250
417
750
250
417
750
6,000
13,500

5
84,000
38,400
14,400

6
84,000
38,400
14,400

1,250

1,250

6,000
138,050
41,415
96,635

132,050
39,615
92,435

95,385

91,185

5
36,000
180,000

6
36,000
180,000

Valor
Libros
Actual
6,667
5,000
833
833
13,333

216,000
64,800
151,200

216,000
64,800
151,200

151,200

151,200

PROYECTOS FINANCIADOS

Retorno esperado del mercado

Beta del sector
Tasa libre de riesgo
Tasa descuento proyecto - CAPM
Tasa mensual

0.15
1.2
0.06
0.168
0.0130

Activo
Cantidad
Camionetas
4
Camiones
4
Procesadora
1
Terreno
1

Cantidad anual demandada

Precio venta
Nuevo precio a partir 4to ao
Ingresos anuales

4,200
1,000
1,200
4,200,000

Ton
US$/ton
US$/Ton
US$

Costo-mano de obra directa

Costo-Energa
Costo-Extraccin
Costo-Procesamiento
Costo directo de operacin
Costo directo de operacin-ao
Costo directo de operacin quincen

80
20
40
150
290
1,218,000
50,750

US$/Ton
US$/Ton
US$/Ton
US$/Ton
US$/Ton
US$
US$

Costo-Transporte
Distancia Yacim-Fuente
Costo transporte - mes
Gastos administrativos
Seguros
Impuestos

1.75
20
12,250
35,000
50,000
0.30
0

Precio
Produccin - Toneladas
Ingresos por explotacin
Costos de Explotacin
Costo Transporte
Costo Administrativo
Seguro
Depreciacin-Camionetas
Depreciacin-Camiones
Depreciacin-Procesadora
Venta-Camioneta
Venta-Camion
Venta-Procesadora
Valor Libro - Camioneta
Valor Libro - Camion
Valor Libro - Procesadora
Gastos Financieros
Utilidad Antes de Impuestos
Impuestos
Inversin-Camionetas
Inversin-Camion
Inversin-UB
Inversin-Terreno
Inversin-Capital trabajo
Recuperacin capital trabajo
Crdito

100,000
129,688
166,334
350,400
299,500
399,500

Vida
Util
5
5
10

CALCULO CAPITAL DE TRABAJO

Quincena 1
Ingresos
Costo Expl
50,750
Transporte
Gastos Adm
Seguro
50,000
Dficit
-100,750
Df. Acum
-100,750

US$/km/Ton
Km
US$/mes
US$/mes
US$/mes

1
1,000
4,200
4,200,000
1,218,000
147,000
420,000
600,000
20,000
24,000
16,000

2
1,000
4,200
4,200,000
1,218,000
147,000
420,000
600,000
20,000
24,000
16,000

3
1,000
4,200
4,200,000
1,218,000
147,000
420,000
600,000
20,000
24,000
16,000

4
1200
4,200
5,040,000
1,218,000
147,000
420,000
600,000
20,000
24,000
16,000

39,950
1,715,050
514,515

39,950
1,715,050
514,515

39,950
1,715,050
514,515

27,881
2,567,119
770,136

Pago del Principal

FLUJO NETO
VAN

Monto requerido para proyecto

Monto disponible para proyecto
Monto requerido para Financiar
Tasa prstamo
Cuota anual
Intereses (Gastos Financieros)
Pago principal
Deuda pendiente

-646,422
3,983,854

1,260,535

979,500
580,000
399,500
0.1000 ao
160,644

1,260,535

120,694
1,139,841

132,763
1,724,220

2 aos gracia y 3 de pagos

39,950

39,950

39,950
120,694
278,806

27,881
132,763
146,043

Momento
Costo
Valor de
Valor de
de
Financiero
Mercado Salvamento Adquisicin inversiones
25,000
5,000
0
100,000
30,000
10,000 6 m antes
129,688
160,000
80,000 3 m antes
166,334
300,000
1 ao antes
350,400
680,000

LCULO CAPITAL DE TRABAJO

Quincena 2 Quincena 3
50,750
12,250
35,000
-98,000
-198,750

5
1200
4,200
5,040,000
1,218,000
147,000
420,000
600,000
20,000
24,000
16,000
20,000
40,000
80,000
0
0
80,000
14,604
2,640,396
792,119

299,500

Quincena 4
350000
50,750
50,750
12,250
35,000
50,000
-100,750
252,000
-299,500
-47,500

146,040
2,141,737

14,604
146,040
3