2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012

2013 2014 2015 2016 2017 2018 2019 2020 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
ACTIVO

Activo Corriente 1.07 0.58 0.69 1.76 1.76 0.36 0.77 0.40 0.27 0.10 38.23 0.77
2,406,144.33 3,297,142.75 2,949,166.81 3,271,905.35 3,179,380.64 3,327,058.95 3,719,293.07 4,216,855.06 4,450,551.49 4,270,125.25 4,414,171.05 4,355,665.37
Disponible 2,583,848 1,898,919 2,042,470 5,768,682 5,580,911 1,200,000 2,852,421 1,701,207 1,200,000 421,028 168,739,223 3,374,556 (684,929) 143,551 3,726,212 (187,771) (4,380,911) 1,652,421 (1,151,214) (501,207) (778,972) 168,318,195 (165,364,667)
Inversiones 779,056,372 323,850,032 - - - - - - - - - 779,056,372 (455,206,340)
Deudores 76,182,805 171,921,697 184,513,196 148,125,506 217,818,202 307,182,482 252,315,978 410,615,672 594,145,927 559,062,599 977,899,836 858,080,543 95,738,892 12,591,499 (36,387,690) 69,692,696 89,364,280 (54,866,504) 158,299,694 183,530,255 (35,083,328) 418,837,238 (119,819,293)
Inventarios 301,917,543 251,092,540 264,872,713 162,444,864 172,672,006 134,912,953 149,939,856 220,316,565 219,840,728 324,503,910 272,063,468 592,454,866 (50,825,003) 13,780,173 (102,427,849) 10,227,142 (37,759,053) 15,026,903 70,376,709 (475,837) 104,663,182 (52,440,442) 320,391,398
Gastos Pagados x Anticipado 215,050 27,269,283 20,443,173 9,089,763 162,107,247 187,459,247 (215,050) - 27,269,283 (6,826,110) (11,353,410) (9,089,763) - 162,107,247 25,352,000 (187,459,247) -
Total Activo Corriente 380,899,246 424,913,156 451,428,379 343,608,335 416,514,292 452,385,198 405,108,255 632,633,444 977,293,902 1,071,446,783 2,197,758,899 1,777,759,997 44,013,910 26,515,223 (107,820,044) 72,905,957 35,870,906 (47,276,943) 227,525,189 344,660,458 94,152,881 1,126,312,116 (419,998,902)
- - - - - - - - - - -
Activo Fijo - - - - - - - - - - -
Propiedad Planta y Equipo - - - - - - - - - - -
Terrenos 13,745,785 14,961,358 23,252,706 1,215,573 8,291,348 (23,252,706) - - - - - - - -
Construcciones y Edificacione 148,435,937 268,893,455 335,270,056 436,409,027 420,120,809 430,291,835 452,786,338 466,708,927 475,100,216 475,100,216 441,900,000 530,623,858 120,457,518 66,376,601 101,138,971 (16,288,218) 10,171,027 22,494,502 13,922,589 8,391,289 (0) (33,200,216) 88,723,858
Maquinaria y Equipo 98,685,342 110,227,401 88,037,728 122,522,608 117,949,662 120,805,196 127,120,567 131,029,358 133,385,228 133,385,228 175,914,871 187,384,958 11,542,059 (22,189,673) 34,484,880 (4,572,946) 2,855,534 6,315,371 3,908,791 2,355,869 (0) 42,529,643 11,470,087
Equipos de Oficina 19,822,708 21,575,678 16,544,672 15,547,461 14,967,179 15,329,531 16,130,917 16,626,922 16,925,869 16,925,869 18,503,469 18,503,469 1,752,970 (5,031,006) (997,211) (580,282) 362,352 801,387 496,005 298,947 (0) 1,577,600 -
Equipos de Computacion 28,033,645 30,512,727 3,945,084 6,864,207 6,608,012 6,767,990 7,121,803 7,340,789 7,472,774 7,472,774 10,187,699 10,187,699 2,479,082 (26,567,643) 2,919,123 (256,195) 159,978 353,812 218,986 131,985 (0) 2,714,925 -
Flota y Equipo de Transporte 69,941,946 57,129,770 52,165,590 (12,812,176) (4,964,180) (52,165,590) - - - - - - - -
Depreciación Acumulada (163,436,907) (173,251,529) (136,694,509) (183,126,638) (183,322,696) (206,867,154) (250,337,813) (263,194,194) (275,718,683) (295,330,029) (133,875,450) (172,209,864) (9,814,622) 36,557,020 (46,432,129) (196,058) (23,544,458) (43,470,659) (12,856,381) (12,524,489) (19,611,346) 161,454,579 (38,334,413)
Total Propiedad, Planta y 215,228,456 330,048,860 382,521,327 398,216,664 376,322,965 366,327,398 352,821,812 358,511,802 357,165,404 337,554,058 512,630,589 574,490,120 114,820,404 52,472,467 15,695,337 (21,893,699) (9,995,567) (13,505,586) 5,689,990 (1,346,398) (19,611,346) 175,076,531 61,859,532
(38,334,413) - - - - - - - - - - (38,334,413)
Otros Activos - - - - - - - - - - -
- - - - - - - - - - -
Intangibles 11,549,146 12,570,464 13,547,758 13,593,854 16,301,068 16,341,568 12,605,412 11,272,331 648,716 1,021,318 977,294 46,096 2,707,214 40,500 (3,736,156) (1,333,081) (10,623,615) (648,716) - -
Inversiones Largo Plazo 498,000 498,000 2,201,000 2,747,000 2,747,000 2,747,000 2,354,000 2,354,000 2,354,000 2,354,000 2,354,000 - 1,703,000 546,000 - - (393,000) - - - - (2,354,000)
Diferidos 3,301,188 - - 29,908,079 28,247,298 17,439,550 3,684,851 22,908,472 - - 3,301,188 (3,301,188) - 29,908,079 (1,660,781) (10,807,748) (13,754,699) (3,684,851) 22,908,472
Valorizaciones 91,686,466 91,686,466 91,686,466 896,455,124 867,291,759 867,291,759 867,291,759 1,341,851,956 1,341,851,956 1,341,851,956 - - 804,768,658 (29,163,365) - - 474,560,197 - - (1,341,851,956) -
Total Propiedad, Planta y 103,733,612 104,754,930 107,435,224 916,097,166 886,339,827 886,380,327 912,159,250 1,383,725,585 1,362,294,222 1,347,890,807 2,354,000 22,908,472 1,021,318 2,680,294 808,661,942 (29,757,339) 40,500 25,778,923 471,566,335 (21,431,363) (14,403,415) (1,345,536,807) 20,554,472
- - - - - - - - - - -
TOTAL ACTIVO 699,861,314 859,716,946 941,384,930 1,657,922,165 1,679,177,084 1,705,092,923 1,670,089,317 2,374,870,831 2,696,753,528 2,756,891,648 2,712,743,488 2,375,158,589 159,855,632 81,667,984 716,537,235 21,254,919 25,915,839 (35,003,606) 704,781,514 321,882,697 60,138,120 (44,148,160) (337,584,899)
- - - - - - - - - 0 - (0) - - - - - - - - 0 (0) (0)
PASIVO - - - - - - - - - - -
- - - - - - - - - - -
Pasivo Corriente - - - - - - - - - - -
- - - - - - - - - - -
Sobregiros Bancarios 68,685,781 52,332,970 17,714,055 41,455,720 14,787,841 (16,352,811) (34,618,915) (17,714,055) - - - - - 41,455,720 (26,667,880) (14,787,841)
Obligaciones Financieras 3,593,253 5,467,205 2,600,452 50,592,039 131,762,395 199,091,305 138,179,755 206,050,698 132,699,108 5,000,000 5,000,000 1,873,952 (2,866,753) 47,991,587 81,170,356 67,328,910 (60,911,550) 67,870,943 (73,351,590) (132,699,108) 5,000,000 -
Proveedores 99,298,790 104,648,550 129,027,332 157,474,258 116,335,177 88,357,934 84,406,707 99,469,454 130,484,135 106,280,833 102,291,859 133,570,325 5,349,760 24,378,782 28,446,926 (41,139,081) (27,977,243) (3,951,227) 15,062,747 31,014,681 (24,203,302) (3,988,974) 31,278,466
Cuentas x Pagar 29,208,244 53,822,993 66,810,389 118,332,247 128,089,190 111,339,117 56,369,289 82,840,496 84,278,821 26,949,730 283,620,180 201,857,908 24,614,749 12,987,396 51,521,858 9,756,943 (16,750,073) (54,969,828) 26,471,207 1,438,325 (57,329,091) 256,670,450 (81,762,272)
Deudas con Socios 82,051,049 79,823,136 38,401,666 (2,227,913) (41,421,470) (38,401,666) - - - - - - - -
Impuestos, Gravámenes, Tasa 17,375,757 72,869,634 127,636,399 68,115,375 64,154,931 37,483,170 91,541,251 21,514,111 23,616,089 25,979,039 16,271,312 56,097,176 55,493,877 54,766,765 (59,521,024) (3,960,444) (26,671,761) 54,058,081 (70,027,140) 2,101,978 2,362,950 (9,707,728) 39,825,865
Obligaciones Laborales 42,431,940 30,153,416 48,010,406 38,420,780 11,511,237 26,806,274 37,412,631 39,593,816 68,990,503 53,027,245 44,828,540 49,511,747 (12,278,524) 17,856,990 (9,589,626) (26,909,543) 15,295,037 10,606,357 2,181,185 29,396,687 (15,963,258) (8,198,705) 4,683,207
Pasivos Estimados y Provisiones - 38,872,600 64,719,215 63,023,051 201,790,455 152,464,293 76,567,140 67,725,270 14,000,000 68,619,499 - 38,872,600 25,846,615 (1,696,164) 138,767,404 (49,326,162) (75,897,153) (8,841,870) (53,725,270) 54,619,499 (68,619,499)
Otros Pasivos 83,200,391 213,078,384 331,336,869 113,847,150 - 600,000,000 1,079,042,701 170,098,143 37,902,276 - - 83,200,391 129,877,993 118,258,485 (217,489,719) (113,847,150) 600,000,000 479,042,701 (908,944,558) (132,195,867)
Total Pasivo Corriente 342,644,814 399,117,904 469,073,299 580,854,305 727,954,365 996,205,124 674,221,076 526,035,715 1,107,793,926 1,346,735,269 705,517,374 483,939,432 56,473,090 69,955,395 111,781,006 147,100,060 268,250,759 (321,984,048) (148,185,361) 581,758,211 238,941,343 (641,217,895) (221,577,941)
- - - - - - - - - - -
Pasivo Largo Plazo - - - - - - - - - - -
- - - - - - - - - - -
Obligaciones Hipotecarias 69,007,980 73,250,379 49,441,998 4,242,399 (23,808,381) (49,441,998) - - - - - - - -
Obligaciones Financieras 92,379,608 128,647,648 126,565,433 65,717,367 68,553,526 22,500,000 36,000,000 24,000,000 36,268,040 (2,082,215) (60,848,066) 2,836,159 (46,053,526) 13,500,000 (12,000,000) (24,000,000) - - -
Cuentas x Pagar 31,501,000 12,664,000 21,962,933 4,108,543 - - 31,501,000 (18,837,000) 9,298,933 (17,854,390) (4,108,543) - - - -
Impuestos, Gravámenes, Tasas 38,756,000 26,953,000 39,272,055 62,473,000 - - 38,756,000 (11,803,000) 12,319,055 (39,272,055) 62,473,000 (62,473,000) - - -
Obligaciones Laborales 91,596,560 79,240,119 66,018,626 62,080,631 85,324,293 37,779,918 - - 91,596,560 (12,356,441) (13,221,493) (3,937,995) 23,243,662 (47,544,375) (37,779,918) - -
Pasivos Estimados y Provisiones 124,274,720 - - - - - - 124,274,720 (124,274,720) - - -
Otros Pasivos 169,369,479 151,517,843 - - - - - - 169,369,479 (17,851,636) (151,517,843) - -
Total Pasivo Largo Plazo 161,387,588 201,898,027 176,007,431 227,570,927 187,410,645 149,753,614 102,189,174 465,441,492 189,297,761 - - - 40,510,439 (25,890,596) 51,563,496 (40,160,282) (37,657,031) (47,564,440) 363,252,318 (276,143,731) (189,297,761) - -
- - - - - - - - - - -
TOTAL PASIVO 504,032,402 601,015,931 645,080,730 808,425,232 915,365,010 1,145,958,738 776,410,250 991,477,207 1,297,091,687 1,346,735,269 705,517,374 483,939,432 96,983,529 44,064,799 163,344,502 106,939,778 230,593,728 (369,548,488) 215,066,957 305,614,480 49,643,582 (641,217,895) (221,577,941)
- - - - - - - - - - -
Patrimonio - - - - - - - - - - -
- - - - - - - - - - -
Capital Social 14,000,000 14,000,000 14,000,000 100,000,000 100,000,000 100,000,000 514,000,000 514,000,000 514,000,000 524,280,000 524,280,000 524,280,000 - - 86,000,000 - - 414,000,000 - - 10,280,000 - -
Reservas 7,000,000 7,000,000 7,000,000 13,232,751 13,232,751 13,232,751 3,481,792 5,108,614 6,158,068 524,280,000 - - 6,232,751 - - (13,232,751) - 3,481,792 1,626,822 1,049,454 518,121,932
Reservas Ocasionales 3,287,000 3,287,000 3,287,000 - - (3,287,000) - - - - - - - -
Resultados Ejercicios Anteriores - 62,240,562 2,752,326 (263,356,558) (318,092,379) (516,648,563) (496,062,753) (485,312,438) (471,578,728) (462,133,645) 790,372,137 - 62,240,562 (59,488,236) (266,108,884) (54,735,821) (198,556,184) 20,585,810 10,750,315 13,733,710 9,445,083 1,252,505,782
Restultados del Ejercicio 7,881,078 62,240,562 29,457,516 (266,108,884) (54,735,821) (198,556,184) 20,585,810 14,232,107 16,268,217 10,494,537 1,938,921,691 52,287,019 54,359,484 (32,783,046) (295,566,400) 211,373,063 (143,820,363) 219,141,994 (6,353,703) 2,036,110 (5,773,680) 1,928,427,154 (1,886,634,671)
Superavit Por Valorizaciones 91,686,466 91,686,466 91,686,466 896,455,124 867,291,759 867,291,759 867,291,759 1,341,851,956 1,341,851,956 1,341,851,956 - - - 804,768,658 (29,163,365) - - 474,560,197 - - (1,341,851,956) -
Revalorización del Patrimonio 71,974,368 80,486,987 88,632,656 103,165,616 101,379,943 95,258,238 8,450,061 9,372,314 9,372,314 8,512,619 8,145,669 14,532,960 (1,785,673) (6,121,705) (86,808,177) 922,253 - (9,372,314) - -
Total del Patrimonio 195,828,912 258,701,015 296,304,200 849,496,933 763,812,074 559,134,185 893,679,067 1,383,393,624 1,399,661,841 1,410,156,379 2,007,226,114 1,891,219,157 62,872,103 37,603,185 553,192,733 (85,684,859) (204,677,889) 334,544,882 489,714,557 16,268,217 10,494,538 597,069,735 (116,006,957)
Dividendos 7,881,078 - 86,000,001 - - 13,232,751 - - 907,685 (0) 168,293,977 7,881,078 (7,881,078) 86,000,001 (86,000,001) - 13,232,751 (13,232,751) - 907,685 (907,685) 168,293,977
- - - - - - - - - - -
TOTAL PASIVO Y PATRIM 699,861,314 859,716,946 941,384,930 1,657,922,165 1,679,177,084 1,705,092,923 1,670,089,317 2,374,870,831 2,696,753,528 2,756,891,648 2,712,743,488 2,375,158,589 159,855,632 81,667,984 716,537,235 21,254,919 25,915,839 (35,003,606) 704,781,514 321,882,697 60,138,120 (44,148,160) (337,584,898)

1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

Ventas Brutas 876,616,504 1,197,967,100 1,076,518,382 1,177,885,925 1,144,577,032 1,197,741,223 1,338,945,506 1,518,067,821 1,602,198,537 1,617,978,809 1,631,553,699 1,602,219,408
Descuentos y Devoluciones (10,404,547) (10,995,711) (14,818,330) (80,733,718) (42,452,121) (34,179,873)
Total Ingresos Netos 866,211,957 1,186,971,389 1,061,700,052 1,177,885,925 1,144,577,032 1,197,741,223 1,338,945,506 1,518,067,821 1,602,198,537 1,537,245,091 1,589,101,578 1,568,039,535

Costo Mercancia Vendida 560,607,525 679,080,812 617,636,130 1,038,887,817 850,775,090 811,089,125 841,133,025 935,088,987 971,769,020 540,097,042 525,636,062 439,040,007
Costo de Producción 75,465,741 74,699,427 402,074,582 444,934,231 416,533,970
Total Costo de Ventas 560,607,525 754,546,553 692,335,557 1,038,887,817 850,775,090 811,089,125 841,133,025 935,088,987 971,769,020 942,171,623 970,570,293 855,573,977

Utilidad Bruta 305,604,432 432,424,836 369,364,495 138,998,108 293,801,942 386,652,098 497,812,481 582,978,834 630,429,517 595,073,468 618,531,285 712,465,558

Gastos de Administración 167,226,984 186,185,159 184,883,904 177,523,283 131,113,845 134,942,377 157,042,458 222,863,527 240,390,556 250,214,102 366,245,901 300,434,791
Gastos de Ventas 96,454,798 121,567,440 120,995,834 70,880,711 162,400,507 163,484,105 162,562,615 200,978,736 198,389,224 210,966,264 267,134,879 284,943,914
Total Gastos Generales 263,681,782 307,752,599 305,879,738 248,403,994 293,514,352 298,426,482 319,605,073 423,842,263 438,779,780 461,180,366 633,380,779 585,378,704

Utilidad Operacional 41,922,650 124,672,237 63,484,757 (109,405,886) 287,590 88,225,616 178,207,408 159,136,571 191,649,737 133,893,102 (14,849,494) 127,086,853

Ingresos No Operacionales 10,607,497 12,802,297 1,805,950 4,895,799 22,327,938 5,912,353 13,629,673 1,741,527 1,362,027 3,705,070 2,307,455,583 24,321,144
Gastos No Operacionales (26,104,619) (53,776,103) (23,212,616) (186,089,095) (105,076,673) (320,358,979) (145,930,227) (111,878,254) (144,093,547) (113,103,654) (285,566,800) (61,603,476)
Corrección Monetaria 6,941,550 12,054,371 25,918,499 31,522,298 35,815,324 38,664,826 13,078,956 24,232,263

Utilidad Antes de Impuest 33,367,078 95,752,802 67,996,590 (259,076,884) (46,645,821) (187,556,184) 58,985,810 73,232,107 48,918,217 24,494,517 2,007,039,288 89,804,521

Provisión Impuestos de Renta (25,483,000) (33,512,240) (38,539,074) (7,032,000) (8,090,000) (11,000,000) (38,400,000) (59,000,000) (32,650,000) (14,000,000) (68,117,497) (37,517,502)

Beneficio Neto 7,884,078 62,240,562 29,457,516 (266,108,884) (54,735,821) (198,556,184) 20,585,810 14,232,107 16,268,217 10,494,517 1,938,921,791 52,287,019

-34.99870%
Tasa Impuestos 76.37% 34.99870% 56.68% 0.00% 0.00% 0.00% 65.10% 80.57% 66.74% 57.16% 3.39% 41.78%
Tasa Interes banco
Republlica 29.44% 18.79% 20.72% 16.33% 15.19% 15.08% 14.56% 12.90% 15.38% 17.20% 13.10% 9.38%

NOPAT $ 81,038,569 $ 27,502,897 $ (116,437,886) $ (7,802,410)

Depr $ 9,814,622 $ (36,557,020) $ 46,432,129 $ 196,058
Prov $ - $ 38,872,600 $ 25,846,615 $ (1,696,164)
Dif $ - $ - - -
Gen. Oper $ 90,853,191 $ 29,818,477 $ (44,159,142) $ (9,302,516)
- Var KTNO $ (28,481,023) $ (83,618,261) $ (122,404,390) $ 135,345,853
- Var Capex $ 125,656,344 $ 16,892,741 $ 65,474,750 $ (22,291,615)
FCL $ (6,322,130) $ 96,543,997 $ 12,770,498 $ (122,356,754)
- Gasto financiero *(1-Tx) 28,539,442 23,311,364 32,059,372 17,667,399
+ Var Deuda Finaciera $ 26,031,580 $ (63,376,264) $ (80,012,532) $ 84,006,515
+Otras Fuentes (Pasivo LP) $ - $ - $ 161,853,560 $ (42,996,441)
FCC $ (8,829,991) $ 9,856,370 $ 62,552,154 $ (99,014,079)
+Var Capital Socios $ (2,227,913) $ (41,421,470) $ 47,598,334 $ -
+ Var Otras Patrimonio $ 8,512,619 $ 8,145,669 $ 819,301,618 $ (30,949,038)
- Otras Inversiones Activo $ - $ - $ 804,768,658 $ (29,163,365)
- Dividendos 7,881,078 - 86,000,001 -
FCI $ (10,426,363) $ (23,419,431) $ 38,683,447 $ (100,799,752)
- var Inver $ - $ 1,703,000 $ 546,000 $ -
Otros Ingresos (1 - tx) $ 16,157,156 $ 12,010,799 $ 36,418,097 $ 58,143,262
Otros Gastos (1- tx) $ (6,415,722) $ 13,255,183 $ (154,029,723) $ (87,409,274)
+ Otros Pasivos $ - $ - $ 83,200,391 $ 129,877,993
Var Caja $ (684,929) $ 143,551 $ 3,726,212 $ (187,771)
Caja Inicial $ 2,583,848 $ 1,898,919 $ 2,042,470 $ 5,768,682
Caja Final $ 1,898,919 $ 2,042,470 $ 5,768,682 $ 5,580,911
Cehck $ 0 $ 0 $ 0 $ - $ (1,200,000) $ (2,852,421) $ (1,701,207) $ (1,200,000) $ (421,028) $ (168,739,223) $ (3,374,556)
 A B C D E F G H I J K L M N
1
2 ACTIVO 2,015 2,016 2,017 2,018 2,019 2,020 2,016 2,017 2,018 2,019 2,020
3 Corriente
4 DISPONIBLE caja 329,323,288 311,699,816 739,869,805 497,603,855 494,985,499 537,023,149 - 17,623,472 428,169,989 - 242,265,951 - 2,618,355 42,037,650
5 27 17 49 25 24 23 - 10 33 - 24 - 0 - 1
6 DEUDORES 2,970,212,260 3,951,894,513 2,176,150,394 2,210,200,438 1,491,543,561 1,695,008,230 981,682,253 - 1,775,744,119 34,050,044 - 718,656,877 203,464,669
7 Clientes Nacionales 2,606,175,072 3,550,439,585 1,517,681,310 1,705,568,639 1,361,921,910 1,623,727,229 944,264,513 - 2,032,758,275 187,887,329 - 343,646,729 261,805,319
8 Retenciones en la fuente a favor 105,092,228 223,143,000 166,297,632 38,408,000 23,443,000 - 118,050,772 - 56,845,368 - 127,889,632 - 14,965,000 - 23,443,000
9 Cuentas Corrientes Comerciales 110,693,444 84,491,456 13,041,453 2,215,070 5,255,933 3,586,294 - 26,201,988 - 71,450,003 - 10,826,383 3,040,863 - 1,669,639
10 Anticipos y Avances 47,860,522 93,820,472 598,000 29,095,729 67,281,688 99,975,859 45,959,950 - 93,222,472 28,497,729 38,185,959 32,694,171
11 Impuesto Ventas a Favor 100,390,993 - 255,946,000 434,913,000 72,390,000 - - 100,390,993 255,946,000 178,967,000 - 362,523,000 - 72,390,000
12 Otras cuentas por Cobrar - 222,586,000 - - 423,806 - 222,586,000 - 222,586,000 - 423,806
13 Provisión de Cartera - - - 38,748,970 - 32,704,958 - - - - 38,748,970 6,044,012
14 - - - - -
15 INVENTARIOS 469,037,017 453,722,917 955,012,611 1,229,955,267 1,736,982,402 2,127,356,430 - 15,314,100 501,289,694 274,942,656 507,027,135 390,374,028
16 - - - - -
17 INVERSIONES 409,005,185 483,565,496 408,040,573 391,375,468 - 409,005,185 74,560,311 - 75,524,923 - 16,665,105
18 DIFERIDOS 16,081,455 11,665,000 14,702,879 12,741,193 22,387,400 - - 4,416,455 3,037,879 - 1,961,686 9,646,207 - 22,387,400
19 INTANGIBLES 567,535 593,461 593,461 593,461 593,461 593,461 25,926 - - - -
20 - - - - -
21 TOTAL CORRIENTE 3,785,221,555 4,729,575,707 4,295,334,336 4,434,659,709 4,154,532,896 4,751,356,737 944,354,152 - 434,241,371 139,325,374 - 280,126,813 596,823,841
22 ACTIVO FIJO - - - - - -
23 PROP.PLANTA Y EQUIPO - - - - -
24 TERRENOS 404,405,295 404,405,295 404,405,295 404,405,295 404,405,295 404,405,295 - - - -
25 EDIFICIOS 585,015,452 464,938,638 464,938,638 547,821,357 547,821,357 524,382,719 - 120,076,814 - 82,882,719 - - 23,438,638
26 MAQUINARIA Y EQUIPO 14,235,961 32,676,256 34,287,377 39,019,377 40,534,523 73,213,684 18,440,295 1,611,121 4,732,000 1,515,146 32,679,161
27 EQUIPO DE OFICINA 82,087,099 85,838,478 121,262,453 121,262,453 70,653,873 76,152,843 3,751,379 35,423,975 - 0 - 50,608,580 5,498,970
28 EQUIPO COMPUTACION 107,859,868 135,091,487 156,089,947 171,502,717 134,478,256 149,160,879 27,231,619 20,998,460 15,412,770 - 37,024,461 14,682,623
29 FLOTA Y EQUIPO DE TRANSPORTE. 38,775,739 40,547,790 40,547,790 40,547,790 40,547,790 102,890,000 1,772,051 - - - 62,342,210
30 Menos: DEPRECIACION. ACUMULADA - 192,630,439 - 238,078,211 - 320,845,331 - 380,926,741 - 311,315,054 - 388,197,907 - 45,447,772 - 82,767,120 - 60,081,410 69,611,687 - 76,882,853
31 TOTAL PROP. PLANTA Y EQ. 635,343,680 925,419,733 900,686,169 943,632,248 927,126,040 942,007,513 290,076,053 - 24,733,564 42,946,079 - 16,506,208 14,881,473
32 - - - - -
33 VALORIZACIONES - 394,046,250 394,046,250 394,046,250 796,477,538 1,190,523,788 394,046,250 - - 402,431,288 394,046,250
34 TOTAL ACTIVO 4,420,565,234 6,049,041,690 5,590,066,755 5,772,338,207 5,878,136,474 6,883,888,038 1,628,476,456 - 458,974,935 182,271,453 105,798,266 1,005,751,564
35 - - - - -
36 - - - - -
37 PASIVO 2,015 2,016 2,017 2,018 2,019 2,020 1 1 1 1 1
38 Corriente - - - - -
39 OBLIGACIONES FINANCIERAS 307,485,668 591,335,427 508,664,488 676,428,414 237,053,376 121,600,650 283,849,759 - 82,670,939 167,763,925 - 439,375,038 - 115,452,726
40 PROVEEDORES 687,072,439 1,288,488,252 1,065,949,050 860,801,110 764,601,948 743,300,363 601,415,813 - 222,539,202 - 205,147,940 - 96,199,162 - 21,301,585
41 COSTOS Y GASTOS POR PAGAR 120,791,706 227,224,427 224,683,594 243,660,112 164,676,650 407,519,190 106,432,721 - 2,540,833 18,976,518 - 78,983,463 242,842,541
42 IMPUESTOS 96,138,493 152,035,000 77,338,000 233,146,000 66,323,141 127,238,000 55,896,507 - 74,697,000 155,808,000 - 166,822,859 60,914,859
43 APORTES Y RETENC. DE NOMINA 8,616,284 11,724,546 14,139,561 19,288,443 21,816,792 24,975,090 3,108,262 2,415,015 5,148,882 2,528,349 3,158,298
44 OBLIGACIONES LABORALES 165,889,868 204,186,288 212,986,551 232,276,707 281,232,562 297,005,106 38,296,420 8,800,263 19,290,156 48,955,855 15,772,544
45 PROVISIONES Y GASTOS ESTIMADOS 8,984,993 35,662,752 3,243,600 - - - 26,677,759 - 32,419,152 - 3,243,600 - -
46 ANTICIPOS DE CLIENTES 255,583,094 273,803,796 299,615,353 155,584,059 376,629,441 481,567,706 18,220,702 25,811,557 - 144,031,294 221,045,382 104,938,265
47 DIVIDENDOS POR PAGAR 337,323,058 205,323,058 570,799,188 580,515,280 672,413,077 920,428,398 - 132,000,000 365,476,130 9,716,092 91,897,797 248,015,321
48 ACREEDORES VARIOS - 25,391,470 27,545,108 18,647,908 - - 25,391,470 2,153,638 - 8,897,200
49 - - - - -
50 TOTAL PASIVOS CTES 1,987,885,603 2,989,783,546 2,977,419,386 3,027,091,594 2,612,292,095 3,142,282,412 1,001,897,943 - 12,364,161 49,672,209 - 414,799,500 529,990,317
51 - - - - -
52 PASIVOS A LARGO PLAZO - - - - -
53 CUENTA SOCIOS 86,967,982 105,365,086 60,936,162 42,189,691 35,314,811 385,783,653 18,397,105 - 44,428,924 - 18,746,471 - 6,874,880 350,468,842
54 TOTAL PASIVO LARGO PLAZO 86,967,982 105,365,086 60,936,162 42,189,691 35,314,811 385,783,653 18,397,105 - 44,428,924 - 18,746,471 - 6,874,880 350,468,842
55 - - - - -
56 TOTAL DEL PASIVO 2,074,853,585 3,095,148,633 3,038,355,548 3,069,281,285 2,647,606,906 3,528,066,065 1,020,295,048 - 56,793,085 30,925,737 - 421,674,380 880,459,159
57
58
59
60 PATRIMONIO
61 CAPITAL 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000 200,000,000
62 RESERVA LEGAL 79,772,721 96,280,767 100,000,000 100,000,000 100,000,000 100,000,000 16,508,046 3,719,233
63 REVAL. PATRIMONIO 1,144,812,883 1,238,554,417 1,238,554,417 1,238,554,417 1,238,554,417 1,238,554,417 93,741,534 -
64 RESULT.EJERC.ANTERIOR 747,640,600 896,213,018 511,816,259 468,394,448 534,435,457 - 148,572,418 - 384,396,758 - 43,421,811 66,041,009 - 534,435,457
65 RESULTADO DEL EJERCICIO 173,485,446 128,798,606 107,294,280 302,061,806 361,062,156 626,743,768 - 44,686,840 - 21,504,325 194,767,526 59,000,349 265,681,612
66 SUPERAVIT POR VALORIZACIONES - - - - -
67 DE PROPIEDAD, PLANTA Y EQUIPO - 394,046,250 394,046,250 394,046,250 796,477,538 1,190,523,788 394,046,250 - - 402,431,288 394,046,250
68 TOTAL PATRIMONIO 2,345,711,649 2,953,893,057 2,551,711,206 2,703,056,922 3,230,529,568 3,355,821,973 608,181,408 - 402,181,851 151,345,716 527,472,646 125,292,405
69 TOTAL PASIVO Y PATRIMONIO 4,420,565,234 6,049,041,690 5,590,066,755 5,772,338,207 5,878,136,474 6,883,888,038 1,628,476,456 - 458,974,935 182,271,453 105,798,266 1,005,751,564
70
71 2,006 2,007 2,008 2,009 2,010 2,011 1 1 1 1 1
72 INGRESOS -
73 VENTAS NETAS 4,405,991,427 6,738,686,784 5,385,923,633 7,174,618,534 7,280,854,478 8,263,747,600 2,332,695,358 - 1,352,763,151 1,788,694,901 106,235,944 982,893,122
74 - - - - -
75 Menos: COSTO EQUIPOS COMERCIALIZADOS - - - - -
76 Y SERVICIOS DE MONTAJE 2,472,001,656 4,534,158,113 3,069,378,664 3,204,347,650 3,376,532,505 3,383,467,199 2,062,156,458 - 1,464,779,449 134,968,986 172,184,856 6,934,694
77 392,192,539 460,138,620 602,500,867 955,120,190 1,277,147,575 2,158,089,422 67,946,080 142,362,247 352,619,323 322,027,385 880,941,847
78 2,864,194,195 4,994,296,733 3,671,879,531 4,159,467,840 4,653,680,081 5,541,556,621 2,130,102,538 - 1,322,417,202 487,588,309 494,212,241 887,876,541
79 - - - - -
80 UTILIDAD BRUTA EN VENTAS 1,541,797,232 1,744,390,051 1,714,044,102 3,015,150,694 2,627,174,397 2,722,190,978 202,592,820 - 30,345,949 1,301,106,592 - 387,976,297 95,016,581
81
82 Menos :
83 662,528,910 634,242,077 728,070,659 610,570,787 680,732,865 821,055,178 - 28,286,833 93,828,582 - 117,499,872 70,162,078 140,322,312
84 494,848,753 783,037,920 754,100,273 1,564,889,873 1,311,249,132 866,157,254 288,189,168 - 28,937,648 810,789,600 - 253,640,741 - 445,091,878
85 Total Gastos Operacionales 1,157,377,663 1,417,279,997 1,482,170,931 2,175,460,660 1,991,981,997 1,687,212,431 259,902,334 64,890,934 693,289,729 - 183,478,663 - 304,769,566
86 - - - - -
87 UTILIDAD OPERACIONAL 384,419,569 327,110,054 231,873,171 839,690,034 635,192,400 1,034,978,547 - 57,309,515 - 95,236,884 607,816,864 - 204,497,634 399,786,147
88 - - - - -
89 Mas: otros ingresos 75,462,356 32,723,356 184,376,238 183,449,402 208,416,540 174,657,214 - 42,739,000 151,652,882 - 926,836 24,967,138 - 33,759,326
90 Menos: otros egresos 135,402,510 118,893,855 252,717,517 498,077,629 223,349,559 232,891,993 - 16,508,655 133,823,662 245,360,112 - 274,728,070 9,542,434
91
92 Utilidad o( Perdida) por exposicion a la Inflacion - 41,643,968 18,426,051 - 60,070,019 - 18,426,051
93
94 UTILIDAD ANTES DE IMPUESTO 282,835,447 259,365,607 163,531,892 525,061,807 620,259,382 976,743,768 - 23,469,841 - 95,833,715 361,529,915 95,197,575 356,484,386
95 39% 50% 34% 42% 42% 36% 0 - 0 0 - 0 - 0
96 Impuesto de Renta 33% 99,409,091 118,697,000 56,237,611 223,000,000 259,197,225 350,000,000 19,287,909 - 62,459,389 166,762,389 36,197,225 90,802,775
97 9,940,909 11,870,000 1,929,091 - 11,870,000 - - -
98 Total Impuesto 109,350,000 130,567,000 56,237,611 223,000,000 259,197,225 350,000,000 21,217,000 - 74,329,389 166,762,389 36,197,225 90,802,775
99
100 RESULTADO NETO DEL EJERCICIO 173,485,447 128,798,606 107,294,280 302,061,806 361,062,156 626,743,768 - 44,686,841 - 21,504,326 194,767,526 59,000,350 265,681,612
101 Tasa Banco de la Republica 12.90% 15.38% 17.20% 13.01% 9.38% 11.21%
102
103
104
105 NOPAT 162439884.756637
106 Depr 45,447,772
107 Prov
108 Dif - 4,416,455
109 Gen. Oper 203471201.716637
110 - Var KTNO
111 - Var Capex
112 FCL
113 - Gasto financiero *(1-Tx)
114 + Var Deuda Finaciera
115 +Otras Fuentes (Pasivo LP)
116 FCC
117 +Var Capital Socios
118 + Var Otras Patrimonio
119 - Otras Inversiones Activo
120 - Dividendos
121 FCI
122 - var Inver
123 Otros Ingresos (1 - tx)
124 Otros Gastos (1- tx)
125 + Otros Pasivos
126 Var Caja
127 Caja Inicial
128 Caja Final
129 Cehck
 AÑOS 2013 2014

DISPONIBLE 168,567,430 179,502,959

Caja - Bancos 168,567,430 179,502,959

DEUDORES VARIOS 1,849,886,265 2,018,882,165

Clientes 1,764,790,005 1,827,832,437
Anticipos 0 5,960,517
Otros deudores 94,787,000 201,343,000
Provisión cartera (9,690,740) (16,253,789)

INVENTARIO 1,275,457,420 1,421,128,968

Mercancias 1,282,684,420 1,083,946,499
Transito 0 344,409,469
Provisión (7,227,000) (7,227,000)

ACTIVO FIJO 494,938,751 543,149,340

Bodega 300,840,000 316,408,000
Maquinaria y Equipo 13,810,000 24,838,000
Equipo Oficina 24,591,000 54,687,000
Equipo Computo 49,228,000 113,171,000
Equipo Transporte 176,660,610 185,798,080
Depreciacion Ac. (70,190,859) (151,752,740)

OTROS ACTIVOS 3,209,690 141,715,306

Diferidos 3,209,690 141,715,306
Valorizaciones
TOTAL ACTIVO 3,792,059,556 4,304,378,738

OBLIGACIONES 1,862,304,504 2,197,428,577

Bancarias 2,440,084 371,757,408

Leasing 358,232,274 291,021,041
Proveedores Nacionales 206,514,732 89,106,468
Exterior US 541,947 632,839
Proveedores del Exterior 1,294,575,467 1,444,910,821

CUENTAS POR PAGAR 478,354,823 233,063,787

Costos y Gastos por Pagar 329,354,272 64,409,746

Obligaciones Laborales 26,485,266 51,273,983
Acreedores varios 0 10,981,046
Impuestos 122,515,285 106,399,012

Total Pasivo 2,340,659,327 2,430,492,364

PATRIMONIO 1,451,400,229 1,873,886,374

Capital Social
Aportes 330,000,000 330,000,000
Reserva Legal 96,570,945 158,298,735
Reserva adquisición act. 275,200,376 275,200,376
Revalorización patrimonio 132,351,009 205,118,167
Utilidad de Ejercicios Ant. 0 555,550,109
Utilidad del Ejercicio 617,277,899 349,718,987
Valorizaciones
TOTAL PASIVO Y P. 3,792,059,556 4,304,378,738
AÑOS 2013 2014
VENTAS 9,291,018,754 9,098,878,619
Productos Quimicos 9,291,018,754 9,098,878,619

COSTO DE VENTA 6,843,772,438 6,577,060,922

Productos Quimicos importados 6,843,772,438 6,577,060,922
Utilidad bruta 2,447,246,316 2,521,817,697

Margen utilidad operacional 26.3% 27.7%

Margen costo operacional 73.7% 72.3%

GASTOS 1,342,744,963 1,572,068,608

Gastos de Personal 463,961,382 747,576,350

Honorarios 217,502,055 131,500,000
Industria y comercio 103,168,171 100,422,470
Timbre - tasa aeroportuaria 8,311,099 2,022,288
Cuatro por mil 36,763,738 38,689,507
Arrendamientos 54,475,600 45,105,780
Cuotas de Administración-Contribuciones 9,567,300 15,285,900
Seguros 15,948,011 13,640,019
Agua 1,099,440 1,589,997
Energia 1,914,220 3,317,111
Telefono 23,253,113 25,483,105
Correo 2,005,018 2,753,338
Publicidad 74,225,000 61,340,096
Otros servicios 2,581,710 939,698
Gastos Legales 638,605 151,888
Mantenimiento 38,314,630 33,254,259
Arreglos Oficina 26,438,640 20,799,708
Gastos de viaje 46,119,657 100,456,617
Depreciaciones 37,778,196 92,174,505
Suscripciones 298,000 1,661,344
Gastos de Representación 69,773,014 66,939,347
Elementos de Aseo y Cafeteria 11,194,867 12,677,618
Utiles y Papeleria 14,758,429 17,756,704
Combustible 30,350,000 22,275,000
Transporte urbano 4,015,950 4,558,016
Provisión cartera 47,913,818 6,879,625
Otros Menores 375,300 2,818,318
Utilidad Operación+ 1,104,501,353 949,749,089

Ingresos No Operacionales+ 11,832,060 20,458,398

Gastos No Operacionales- 66,747,910 116,608,284
Otros costos- 197,576,000 224,864,701
Diferencia en cambio+ 159,652,979 137,017,533
Corrección Monetaria+ (35,855,583) (40,278,048)
Utilidad antes de Impuestos 975,806,899 725,473,987
37% 52%
Provision impto de renta 358,529,000 375,755,000
Utilidad antes de Diferencia C. 617,277,899 349,718,987
Corrección Monetaria
UTILIDAD DEL EJERCICIO 617,277,899 349,718,987
Tasa Banco República 12.00% 12.00%
DIVIDENDOS 0
725,473,987

NOPAT 457,832,114
Depr 81,561,881
Prov 6,563,049
Gen. Oper $ 545,957,044
Dif 138,505,616

- Var KTNO 682,990,213

- Var Capex 129,772,470
FCL $ (266,805,639)
- Gasto financiero *(1-Tx) 20,863,707
+ Var Deuda Finaciera 302,106,091
+Otras Fuentes (Pasivo LP)
FCC $ 14,436,745
+Var Capital Socios 0
+ Var Otras Patrimonio 72,767,158
- Otras Inversiones Activo 0
- Dividendos 0
FCI $ 87,203,903
- var Inver 0
Otros Ingresos (1 - tx) 75,912,195
Utilidad o( Perdida) por exposicion a la Inflacion (19,416,269)
Otros Gastos (1- tx) 143,745,347
+ Otros Pasivos 10,981,046
Var Caja $ 10,935,529
Caja Inicial 168,567,430
Caja Final $ 179,502,959
Cehck $ -
2015 2016 2017 2018

556,629,579 108,577,238 119,233,461 456,657,412

556,629,579 108,577,238 119,233,461 456,657,412

2,935,485,092 3,091,172,808 3,735,504,692 3,705,365,112

2,377,305,504 2,701,505,073 3,139,158,965 2,943,979,502
41,573,989 94,828,766 44,052,796 22,455,634
540,956,417 337,398,000 601,075,000 831,859,000
(24,350,818) (42,559,031) (48,782,069) (92,929,024)

1,757,992,232 2,329,288,223 2,835,018,500 1,824,633,294

1,204,598,339 1,484,273,285 2,158,401,313 1,380,820,860
560,620,893 852,241,938 683,844,187 451,039,434
(7,227,000) (7,227,000) (7,227,000) (7,227,000)

513,056,530 558,179,467 492,272,706 450,007,016

330,866,583 330,866,583 330,866,583 330,866,583
36,179,386 38,946,986 42,410,886 72,808,012
65,245,155 71,839,165 86,402,118 93,713,142
141,008,128 147,081,209 157,205,049 164,453,639
199,907,480 289,513,280 283,894,123 283,894,123
(260,150,202) (320,067,756) (408,506,053) (495,728,483)

105,458,752 88,975,969 45,978,441 26,606,087

105,458,752 69,842,552 26,845,024 7,472,670
0 19,133,417 19,133,417 19,133,417
5,868,622,185 6,176,193,705 7,228,007,800 6,463,268,921

3,380,913,685 3,301,624,287 4,074,031,141 3,203,522,102

782,837,576 933,712,555 675,412,709 1,087,436,967

212,620,904 196,282,188 101,437,724 0
149,894,631 290,818,605 428,801,284 325,668,349
998,558 933,516 1,278,478 875,611
2,234,562,016 1,879,877,423 2,867,100,946 1,789,541,175

367,630,908 207,049,392 313,230,287 523,529,372

72,393,965 71,237,719 131,251,782 330,281,625

51,768,311 49,380,106 64,439,551 79,576,324
224,331,926 59,738,000 93,705,532 92,337,312
19,136,706 26,693,567 23,833,422 21,334,111

3,748,544,593 3,508,673,679 4,387,261,428 3,727,051,474

2,120,077,592 2,667,520,026 2,840,746,372 2,736,217,447

 330,000,000 330,000,000 330,000,000 1,275,000,000
193,270,634 209,370,753 209,370,753 209,370,753
481,827,288 945,200,376 945,200,376 0
290,308,193 290,308,196 290,308,193 290,308,193
200,297,197 345,198,270 873,507,285 701,735,738
624,374,280 528,309,014 173,226,348 240,669,346
19,133,417 19,133,417 19,133,417
5,868,622,185 6,176,193,705 7,228,007,800 6,463,268,921
2015 2016 2017 2018
10,706,151,913 11,953,856,960 12,248,147,359 13,490,522,447
10,706,151,913 11,953,856,960 12,248,147,359 13,490,522,447

8,158,532,560 8,718,481,728 8,814,426,609 10,180,009,001

8,158,532,560 8,718,481,728 8,814,426,609 10,180,009,001
2,547,619,353 3,235,375,232 3,433,720,750 3,310,513,446

23.8% 27.1% 28.0% 24.5%

76.2% 72.9% 72.0% 75.5%

1,844,225,139 2,241,605,586 2,577,842,771 2,773,957,903

918,956,354 1,177,779,719 1,341,432,730 1,454,354,749

119,900,000 163,892,000 186,982,500 159,065,000
117,412,355 132,649,821 135,596,896 148,834,876
4,448,200 12,332,571 11,792,002 5,208,100
40,573,329 52,186,164 48,761,538 51,168,208
61,506,150 75,315,240 102,172,040 102,837,600
19,455,000 26,038,700 25,361,267 25,948,664
16,896,070 15,717,994 23,221,587 21,125,739
2,269,474 1,608,390 54,284,887 56,992,988
4,804,210 4,674,540 2,430,351 2,146,033
32,513,381 44,624,981 72,166,669 78,657,200
2,159,405 3,028,145 53,711,505 59,630,859
63,337,094 58,779,000 432,200 14,919,142
33,618,967 45,863,972 51,345,863 73,097,949
2,660,588 3,185,213 17,391,022 35,234,093
34,215,274 56,935,982 79,580,136 83,497,694
27,115,639 11,300,992 132,122,963 115,577,498
30,483,186 70,448,718 3,672,740 1,916,760
138,078,586 98,492,418 114,072,728 125,908,138
5,617,000 1,708,143 15,995,797 17,159,030
94,158,889 92,907,208 16,003,476 19,783,065
14,689,579 14,683,826 35,285,000 39,810,010
14,332,508 16,811,153 32,576,344 62,839,039
25,652,200 34,007,200 21,450,530 18,245,469
 3,120,300 614,800
8,097,029 18,208,213
8,154,372 7,810,483
703,394,214 993,769,646 855,877,979 536,555,543

19,277,913 62,822,671 101,757,569 62,969,934

148,745,298 194,278,460 283,032,202 194,181,258
(46,826,022) 188,725,451 197,806,639 205,991,158
184,860,522 191,937,294 -175,451,359 284138285
(46,333,093) (6,423,686)
759,280,280 859,102,014 301,345,348 483,491,346
18% 39% 43% 50%
134,906,000 330,793,000 128,119,000 242,822,000
624,374,280 528,309,014 173,226,348 240,669,346
0
624,374,280 528,309,014 173,226,348 240,669,346
12.00% 12.00% 12.00% 12.00%
463,373,088 0 (1) 1,290,198,271
759,280,280 859,102,014 301,345,348 483,491,346

578,417,835 611,123,537 491,995,704 267,083,315

108,397,462 59,917,554 88,438,297 87,222,430
8,097,029 18,208,213 6,223,038 44,146,955
$ 694,912,326 $ 689,249,304 $ 586,657,039 $ 398,452,700
(36,256,554) (35,616,200) (42,997,528) (19,372,354)

453,285,348 919,388,971 (84,476,856) (46,321,917)

78,304,652 105,040,491 22,531,536 44,956,740
$ 163,322,326 $ (335,180,158) $ 648,602,359 $ 399,817,877
65,402,223 73,459,451 77,948,386 46,403,499
332,680,031 134,536,263 (353,144,310) 310,586,534

$ 430,600,134 $ (274,103,346) $ 217,509,663 $ 664,000,912

0 0 0 945,000,000
85,190,026 19,133,420 (3) 0
0 19,133,417 0 0
463,373,088 0 (1) 1,290,198,271
$ 52,417,072 $ (274,103,343) $ 217,509,661 $ 318,802,641
0 0 0 0
167,867,903 156,665,895 (42,362,380) 172,781,393
(38,100,807) (3,950,277) - -
18,408,428 162,070,690 198,458,590 152,791,863
213,350,880 (164,593,926) 33,967,532 (1,368,220)
$ 377,126,620 $ (448,052,341) $ 10,656,223 $ 337,423,951
179,502,959 556,629,579 108,577,238 119,233,461
$ 556,629,579 $ 108,577,238 $ 119,233,461 $ 456,657,412
$ - $ - $ - $ -
 2019 2020 2014 2015

223,052,089 719,756,469 10,935,529 377,126,620

223,052,089 719,756,469 10,935,529 377,126,620

4,136,845,531 4,924,272,380 168,995,900 916,602,927

4,174,569,134 4,461,635,404 63,042,432 549,473,067
36,901,272 60,044,439 5,960,517 35,613,472
67,865,600 595,083,012 106,556,000 339,613,417
(142,490,475) (192,490,475) (6,563,049) (8,097,029)

2,625,362,064 3,602,957,202 145,671,548 336,863,264

2,136,265,071 2,543,395,075 (198,737,921) 120,651,840
496,323,993 1,066,789,127 344,409,469 216,211,424
(7,227,000) (7,227,000) 0 0

483,702,100 495,822,311 48,210,589 (30,092,810)

330,866,583 330,866,583 15,568,000 14,458,583
78,257,137 86,947,137 11,028,000 11,341,386
109,967,629 117,217,241 30,096,000 10,558,155
169,200,349 240,454,349 63,943,000 27,837,128
287,330,948 287,330,948 9,137,470 14,109,400
(491,920,546) (566,993,947) (81,561,881) (108,397,462)

176,979,624 180,575,265 138,505,616 (36,256,554)

7,846,207 11,441,848 138,505,616 (36,256,554)
169,133,417 169,133,417 0 0
7,645,941,408 9,923,383,627 512,319,182 1,564,243,447

4,329,941,701 5,036,703,502 335,124,073 1,183,485,108

1,237,844,196 622,177,941 369,317,324 411,080,168

68,686,552 536,868,685 (67,211,233) (78,400,137)
908,790,344 944,795,445 (117,408,264) 60,788,163
1,104,829 1,574,365 90,892 365,719
2,113,515,780 2,931,287,066 150,335,354 789,651,195

489,247,174 1,182,420,706 (245,291,036) 134,567,121

213,970,035 193,081,450 (264,944,526) 7,984,219

146,672,214 229,645,321 24,788,717 494,328
99,062,613 175,769,090 10,981,046 213,350,880
29,542,312 583,924,845 (16,116,273) (87,262,306)

4,819,188,875 6,219,124,208 89,833,037 1,318,052,229

2,826,752,533 3,704,259,419 422,486,145 246,191,218

 1,275,000,000 1,275,000,000 0 0
233,437,687 319,325,011 61,727,790 34,971,899
290,308,193 280,980,193 0 206,626,912
0 772,985,912 72,767,158 85,190,026
555,550,109 (355,252,912)
858,873,236 886,834,886 (267,558,912) 274,655,293
169,133,417 169,133,417 0 0
7,645,941,408 9,923,383,627 512,319,182 1,564,243,447
2019 2020 2014 2015
15,389,952,683 14,953,061,083 (192,140,135) 1,607,273,294
15,389,952,683 14,953,061,083 (192,140,135) 1,607,273,294

10,686,802,207 10,291,039,402 (266,711,516) 1,581,471,638

10,686,802,207 10,291,039,402 (266,711,516) 1,581,471,638
4,703,150,476 4,662,021,681 74,571,381 25,801,656

30.6% 31.2% 1.4% -3.9%

69.4% 68.8% -1.4% 3.9%

3,226,698,574 3,041,524,704 229,323,645 272,156,531

2,077,386,690 2,000,240,145 283,614,968 171,380,004

21,880,000 34,674,965 (86,002,055) (11,600,000)
170,498,394 165,757,000 (2,745,701) 16,989,885
1,933,000 2,938,000 (6,288,811) 2,425,912
37,854,774 56,149,527 1,925,769 1,883,822
96,872,000 84,452,000 (9,369,820) 16,400,370
31,712,023 26,053,364 5,718,600 4,169,100
23,233,434 6,897,436 (2,307,992) 3,256,051
55,751,522 48,589,878 490,557 679,477
50,249,333 1,920,812 1,402,891 1,487,099
20,589,326 15,682,495 2,229,992 7,030,276
44,567,459 65,558,373 748,320 (593,933)
88,205,014 2,310,089 (12,884,904) 1,996,998
124,008,979 60,336,780 (1,642,012) 32,679,269
86,987,565 14,475,431 (486,717) 2,508,700
510,000 137,628,441 (5,060,371) 961,015
131,109,227 75,073,401 (5,638,932) 6,315,931
15,571,743 1,706,960 54,336,960 (69,973,431)
27,001,985 82,994,095 54,396,309 45,904,081
39,491,100 17,675,382 1,363,344 3,955,656
49,561,451 20,251,721 (2,833,667) 27,219,542
31,723,555 37,396,821 1,482,751 2,011,961
50,000,000 2,998,275 (3,424,196)
32,761,588 (8,075,000) 3,377,200
 542,066 (1,437,716)
(41,034,193) 1,217,404
2,443,018 5,336,054
1,476,451,902 1,620,496,977 (154,752,264) (246,354,875)

127,137,095 54,806,165 8,626,338 (1,180,485)

169,184,521 123,834,063 49,860,374 32,137,014
182,900,088 173,938,087 27,288,701 (271,690,723)
83,269,848 698,423 (22,635,446) 47,842,989
(4,422,465) (6,055,045)
1,334,774,236 1,378,229,415 (250,332,912) 33,806,293
36% 36% 15% -34%
475,901,000 491,394,529 17,226,000 (240,849,000)
858,873,236 886,834,886 (267,558,912) 274,655,293

858,873,236 886,834,886 (267,558,912) 274,655,293

12.00% 12.00%
628,029,957 782,313,912
1,334,774,236 1,378,229,415

950,037,084 1,042,724,264
(3,807,937) 75,073,401
49,561,451 50,000,000
$ 995,790,598 $ 1,167,797,665
373,537 3,595,641

415,825,858 347,904,650
29,887,147 87,193,612
$ 550,077,593 $ 732,699,403
83,966,605 100,883,963
219,093,781 (147,484,122)

$ 685,204,769 $ 484,331,318
0 0
(140,308,193) 772,985,912
150,000,000 0
628,029,957 782,313,912
$ (233,133,381) $ 475,003,318
0 0
135,388,358 35,714,957
- -
142,585,601 90,720,372
6,725,301 76,706,477
$ (233,605,323) $ 496,704,380
456,657,412 223,052,089
$ 223,052,089 $ 719,756,469
$ - $ 0
 2016 2017 2018 2019 2020

(448,052,341) 10,656,223 337,423,951 (233,605,323) 496,704,380

(448,052,341) 10,656,223 337,423,951 (233,605,323) 496,704,380

155,687,716 644,331,884 (30,139,580) 431,480,419 787,426,849

324,199,569 437,653,892 (195,179,463) 1,230,589,632 287,066,270
53,254,777 (50,775,970) (21,597,162) 14,445,638 23,143,167
(203,558,417) 263,677,000 230,784,000 (763,993,400) 527,217,412
(18,208,213) (6,223,038) (44,146,955) (49,561,451) (50,000,000)

571,295,991 505,730,277 (1,010,385,206) 800,728,770 977,595,138

279,674,946 674,128,028 (777,580,453) 755,444,211 407,130,004
291,621,045 (168,397,751) (232,804,753) 45,284,559 570,465,134
0 0 0 0 0

45,122,937 (65,906,761) (42,265,690) 33,695,084 12,120,211

0 0 0 0 0
2,767,600 3,463,900 30,397,126 5,449,125 8,690,000
6,594,010 14,562,953 7,311,024 16,254,487 7,249,612
6,073,081 10,123,840 7,248,590 4,746,710 71,254,000
89,605,800 (5,619,157) 0 3,436,825 0
(59,917,554) (88,438,297) (87,222,430) 3,807,937 (75,073,401)

(16,482,783) (42,997,528) (19,372,354) 150,373,537 3,595,641

(35,616,200) (42,997,528) (19,372,354) 373,537 3,595,641
19,133,417 0 0 150,000,000 0
307,571,520 1,051,814,095 (764,738,879) 1,182,672,487 2,277,442,219

(79,289,398) 772,406,854 (870,509,039) 1,126,419,599 706,761,801

150,874,979 (258,299,846) 412,024,258 150,407,229 (615,666,255)

(16,338,716) (94,844,464) (101,437,724) 68,686,552 468,182,133
140,923,974 137,982,679 (103,132,935) 583,121,995 36,005,101
(65,042) 344,962 (402,867) 229,218 469,536
(354,684,593) 987,223,523 (1,077,559,771) 323,974,605 817,771,286

(160,581,516) 106,180,895 210,299,085 (34,282,198) 693,173,532

(1,156,246) 60,014,063 199,029,843 (116,311,590) (20,888,585)

(2,388,205) 15,059,445 15,136,773 67,095,890 82,973,107
(164,593,926) 33,967,532 (1,368,220) 6,725,301 76,706,477
7,556,861 (2,860,145) (2,499,311) 8,208,201 554,382,533

(239,870,914) 878,587,749 (660,209,954) 1,092,137,401 1,399,935,333

547,442,434 173,226,346 (104,528,925) 90,535,086 877,506,886

 0 0 945,000,000 0 0
16,100,119 0 0 24,066,934 85,887,324
463,373,088 0 (945,200,376) 290,308,193 (9,328,000)
3 (3) 0 (290,308,193) 772,985,912
144,901,073 528,309,015 (171,771,547) (701,735,738) 0
(96,065,266) (355,082,666) 67,442,998 618,203,890 27,961,650
19,133,417 0 0 150,000,000 0
307,571,520 1,051,814,095 (764,738,879) 1,182,672,487 2,277,442,219
2016 2017 2018 2019 2020
1,247,705,047 294,290,399 1,242,375,088 1,899,430,236 (436,891,600)
1,247,705,047 294,290,399 1,242,375,088 1,899,430,236 (436,891,600)

559,949,168 95,944,881 1,365,582,392 506,793,206 (395,762,805)

559,949,168 95,944,881 1,365,582,392 506,793,206 (395,762,805)
687,755,879 198,345,518 (123,207,304) 1,392,637,030 (41,128,795)

3.3% 1.0% -3.5% 6.0% 0.6%

-3.3% -1.0% 3.5% -6.0% -0.6%

397,380,447 336,237,185 196,115,132 452,740,671 (185,173,870)

258,823,365 163,653,011 112,922,019 623,031,941 (77,146,545)

43,992,000 23,090,500 (27,917,500) (137,185,000) 12,794,965
15,237,466 2,947,075 13,237,980 21,663,518 (4,741,394)
7,884,371 (540,569) (6,583,902) (3,275,100) 1,005,000
11,612,835 (3,424,626) 2,406,670 (13,313,434) 18,294,753
13,809,090 26,856,800 665,560 (5,965,600) (12,420,000)
6,583,700 (677,433) 587,397 5,763,359 (5,658,659)
(1,178,076) 7,503,593 (2,095,848) 2,107,695 (16,335,998)
(661,084) 52,676,497 2,708,101 (1,241,466) (7,161,644)
(129,670) (2,244,189) (284,318) 48,103,300 (48,328,521)
12,111,600 27,541,688 6,490,531 (58,067,874) (4,906,831)
868,740 50,683,360 5,919,354 (15,063,400) 20,990,914
(4,558,094) (58,346,800) 14,486,942 73,285,872 (85,894,925)
12,245,005 5,481,891 21,752,086 50,911,030 (63,672,199)
524,625 14,205,809 17,843,071 51,753,472 (72,512,134)
22,720,708 22,644,154 3,917,558 (82,987,694) 137,118,441
(15,814,647) 120,821,971 (16,545,465) 15,531,729 (56,035,826)
39,965,532 (66,775,978) (1,755,980) 13,654,983 (13,864,783)
(39,586,168) 15,580,310 11,835,410 (98,906,153) 55,992,110
(3,908,857) 14,287,654 1,163,233 22,332,070 (21,815,718)
(1,251,681) (76,903,732) 3,779,589 29,778,386 (29,309,730)
(5,753) 20,601,174 4,525,010 (8,086,455) 5,673,266
2,478,645 15,765,191 30,262,695 (62,839,039) 50,000,000
8,355,000 (12,556,670) (3,205,061) (18,245,469) 32,761,588
 (2,505,500) (614,800) 0 0 0
10,111,184 (18,208,213) 0 0 0
(343,889) (7,810,483) 0 0 0
290,375,432 (137,891,667) (319,322,436) 939,896,359 144,045,075

43,544,758 38,934,898 (38,787,635) 64,167,161 (72,330,930)

45,533,162 88,753,742 (88,850,944) (24,996,737) (45,350,458)
235,551,473 9,081,188 8,184,519 (23,091,070) (8,962,001)
7,076,772 (367,388,653) 459,589,644 (200,868,437) (82,571,425)
39,909,407 6,423,686 0 0 0
99,821,734 (557,756,666) 182,145,998 851,282,890 43,455,179
21% 4% 8% -15% 0%
195,887,000 (202,674,000) 114,703,000 233,079,000 15,493,529
(96,065,266) (355,082,666) 67,442,998 618,203,890 27,961,650

(96,065,266) (355,082,666) 67,442,998 618,203,890 27,961,650