BUDGET DE TRESORERIE WILLIAMS CONSTRUCTION SARL

Eléments Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
TABLEAU DES ENCAISSEMENTS
RECETTES D'EXPLOITATIONS
Ventes comptant 6,400,000 6,000,000 7,200,000 5,200,000 4,400,000 8,000,000 6,000,000 5,600,000 6,800,000 7,200,000 8,000,000 10,000,000

Règlements clients 10,230,273 9,600,000 9,000,000 10,800,000 7,800,000 6,600,000 12,000,000 9,000,000 8,400,000 10,200,000 10,800,000 8,000,000
TOTAL RECETTES D'EXPLOITATION 16,630,273 15,600,000 16,200,000 16,000,000 12,200,000 14,600,000 18,000,000 14,600,000 15,200,000 17,400,000 18,800,000 18,000,000

RECETTES HOS EXPLOITATION

Apport en capital 0 0 0 0 0 0 0 0 0 0 0 0
Découvert bancaire 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
Autres recettes 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL RECETTES HORS EXPLOITATION 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
RECETTES TOTAL 26,630,273 25,600,000 26,200,000 26,000,000 22,200,000 24,600,000 28,000,000 24,600,000 25,200,000 27,400,000 28,800,000 28,000,000
TABLEAU DES DECAISSEMENTS
DEPENSES D'EXPLOITATION
Achats au comptant 4,833,095 4,531,026 5,437,232 3,926,889 3,322,753 6,041,368 4,531,026 4,228,958 5,135,163 5,437,232 6,041,368 7,551,711
Paiements fournisseurs 1,287,471 1,208,274 1,132,757 1,359,308 981,722 830,688 1,510,342 1,132,757 1,057,239 1,283,791 1,359,308 1,510,342
Salaires 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000
Charges sociales 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810
TVA à décaisser 0 0 0 0 0 0 0 0 0 0 0 0
Imp^t sur les sociétés (AC/IS) 92,048 295,178 276,730 332,075 239,832 202,935 368,973 276,730 258,281 313,627 332,075 295,178
Autres dépenses 1,650,000 1,211,500 1,060,000 1,025,680 1,039,830 1,025,680 1,025,680 1,025,680 1,943,982 1,025,680 3,410,092 5,191,753
TOTAL DES DEPENSES D'EXPLOITATION 10,121,424 9,504,788 10,165,529 8,902,762 7,842,947 10,359,481 9,694,831 8,922,935 10,653,475 10,319,140 13,401,653 16,807,794
DEPENSES HORS EXPLOITATION
Investissement 0 0 0 0 0 0 0 0 0 0 0 0
Remboursement découvert 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
Dividendes 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL DEPENSES HORS EXPLOITATION 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
TOTAL DEPENSES 20,121,424 19,504,788 20,165,529 18,902,762 17,842,947 20,359,481 19,694,831 18,922,935 20,653,475 20,319,140 23,401,653 26,807,794
TABLEAU DE LA SITUATION DE TRESORERIE
SOLDE INITIAL 5,118,521 11,627,370 17,722,582 23,757,053 30,854,291 35,211,343 39,451,862 47,757,032 53,434,097 57,980,622 65,061,482 70,459,829
RECETTES TOTAL 26,630,273 25,600,000 26,200,000 26,000,000 22,200,000 24,600,000 28,000,000 24,600,000 25,200,000 27,400,000 28,800,000 28,000,000
DEPENSES TOTALES 20,121,424 19,504,788 20,165,529 18,902,762 17,842,947 20,359,481 19,694,831 18,922,935 20,653,475 20,319,140 23,401,653 26,807,794
SOLDE PERIODE 6,508,849 6,095,212 6,034,471 7,097,238 4,357,053 4,240,519 8,305,169 5,677,065 4,546,525 7,080,860 5,398,347 1,192,206
SOLDE FIN DE PERIODE 11,627,370 17,722,582 23,757,053 30,854,291 35,211,343 39,451,862 47,757,032 53,434,097 57,980,622 65,061,482 70,459,829 71,652,035
 COMPTE D'EXPLOITATION PREVIONNEL
INTITULES 2014 INTITULES
Jan-14 Feb-14 Mar-14 Apr-14 May-14 Jun-14 Jul-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14
Hébergement 7,025,000 6,327,000 6,906,000 Hébergement
Snack Bar 2,143,900 913,700 Snack Bar
Restauration 310,200 335,500 Restauration
Parking 2,500 4,500 Parking
Salle des fêtes 2,601,000 749,000 Salle des fêtes
TOTAL I (Entées) 12,082,600 8,329,700 6,906,000 0 0 0 0 0 0 0 0 0 TOTAL I (Entées)
Electricité Electricité
Eau Eau
Founitures de bureau Founitures de bureau
Produits d'entretien Produits d'entretien
Sous-traitance générale Sous-traitance générale
Entretien matériel Entretien matériel
Assurance Assurance
Publicité Publicité
Téléphone Téléphone
Charges locatives Charges locatives
Salaires Salaires
Rémunération Conseils Rémunération Conseils
Impôt & taxes directs Impôt & taxes directs
Impôt & taxes indirects Impôt & taxes indirects
Droits d'enrégistrement Droits d'enrégistrement
Autres Autres
TOTAL II (Dépenses) TOTAL II (Dépenses)
Résultat 12,082,600 8,329,700 6,906,000 0 0 0 0 0 0 0 0 0 Résultat
 COMPTE D'EXPLOITATION PREVIONNEL COM
2015 INTITULES
Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16
Hébergement
Snack Bar
Restauration
Parking
Salle des fêtes
TOTAL I (Entées)
Electricité
Eau
Founitures de bureau
Produits d'entretien
Sous-traitance générale
Entretien matériel
Assurance
Publicité
Téléphone
Charges locatives
Salaires
Rémunération Conseils
Impôt & taxes directs
Impôt & taxes indirects
Droits d'enrégistrement
Autres
TOTAL II (Dépenses)
Résultat
COMPTE D'EXPLOITATION PREVIONNEL
2016
Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16
 CALCUL DU BESOIN EN FONDS DE ROULEMENT BFR

ANNEE Année 1 Année 2 Année 3

RESSOURCE
Fournisseurs TTC
Aomptes clients
1 TOTAL RESSOURCES 0
EMPLOIS
Stock moyen de matières premières 2,250,000
Stock moyen de marchandises 4,560,000
Total stock HT 6,810,000
Travaux en cours * HT 65,000,000
Client TTC
2 TOTAL EMPLOIS 71,810,000
BESOIN EN FONDS DE ROULEMENT (2- 71,810,000

PLAN DE FINANCEMENT INITIAL

BESOINS (durables) RESSOURCES (durables)

Frais Immobilisées 6,940,579
Investissements : Capital 163,624,379
- construction immobilière 117,000,000
- Aménagements et installations 0
- Matériel et machine 16,623,800
- Autres 1,250,000

Besoins en fond de roulemnt 71,810,000 Emprunts à long terme 50,000,000

TOTAL DES BESOINS 213,624,379 TOTAL DES RESSOURCES 213,624,379

 PLAN DE FINANCEMENT A 3 ANS
BESOINS (durables) Année 2014 Année 2015 Année 2016

• Frais d'établissement 3,470,290 0

• Investissements HT* 144,852,333

- Acquisition ou construction immobilière 130,583,333

- Achat d'un pas de porte ou d'un droit au bail 0

- Aménagements, installations 0

- Matériel, machines, mobilier 14,269,000

- Autres 0

• Besoin en fonds de roulement 71,810,000

- Constitution

- Accroissement

• Remboursement d'empprunts à moyen ou long terme** 16,800,000

• Prélèvement de l'exploitant ou dividende***

TOTAL EMPLOIS 236,932,623 0

RESSOURCES (durables)

• Capital 130,108,510

• Comptes courants d'associés*** 0 0 0

• Amortissements #REF! #REF! #REF!

• Bénéfice #REF! #REF! #REF!

• Emprunts à long et moyen terme 50,000,000

TOTAL DES RESSOURCES #REF! #REF! #REF!

CASH FLOW NET #REF! #REF! #REF!

CASH FLOW CUMULE #REF! #REF! #REF!
PLAN
 CALCUL DU BESOIN EN FONDS DE ROULEMENT BFR

ANNEE Année 1 Année 2 Année 3

RESSOURCE
Fournisseurs TTC
Aomptes clients
1 TOTAL RESSOURCES 0
EMPLOIS
Stock moyen de matières premières
Stock moyen de marchandises
Total stock HT 0
Travaux en cours * HT 65,000,000
Client TTC
2 TOTAL EMPLOIS 65,000,000
BESOIN EN FONDS DE ROULEMENT (2- 65,000,000

PLAN DE FINANCEMENT INITIAL

BESOINS (durables) RESSOURCES (durables)

Frais Immobilisées 6,940,579
Investissements : Capital 162,253,772
- construction immobilière 117,000,000
- Aménagements et installations 0
- Matériel et machine 16,623,800
- Autres 1,250,000

Besoins en fond de roulemnt 65,000,000 Emprunts à long terme 44,560,607

TOTAL DES BESOINS 206,814,379 TOTAL DES RESSOURCES 206,814,379

 PLAN DE FINANCEMENT A 3 ANS
BESOINS (durables) Année 2014 Année 2015 Année 2016

• Frais d'établissement 3,470,290 1,735,145 0

• Investissements HT* 144,852,333 113,549,933 82,247,533

- Acquisition ou construction immobilière 130,583,333 101,083,333 71,583,333

- Achat d'un pas de porte ou d'un droit au bail 0 0 0

- Aménagements, installations 0 0 0

- Matériel, machines, mobilier 14,269,000 12,466,600 10,664,200

- Autres 0 0 0

• Besoin en fonds de roulement 148,322,623 115,285,078 82,247,533

- Constitution 69,810,000 69,810,000 69,810,000

- Accroissement 78,512,623 78,512,623 78,512,623

• Remboursement d'empprunts à moyen ou long terme** 16,800,000 16,800,000 16,800,000

• Prélèvement de l'exploitant ou dividende*** 6,000,000 6,000,000 6,000,000

TOTAL DES BESOINS 125,522,623 92,485,078 59,447,533

RESSOURCES (durables)

• Capital 186,047,283 #REF! #REF!

• Comptes courants d'associés*** 0 0 0

• Capacité d'autofinancement #REF! #REF! #REF!

• Primes ou subventions d'équipement 0 0 0

• Emprunts à long et moyen terme 50,000,000

TOTAL DES RESSOURCES #REF! #REF! #REF!

ECART ANNUEL = besoins/ressources #REF! #REF! #REF!

 WILLIAMS CONSTRUCTIONS) : COMPTE D'EXPLOITATION PREVIONNEL.
INTITULES 2017 2018 2019
VENTES 312,033,097 405,000,000 501,000,000
AUTRES PRODUITS 771

312,033,868 405,000,000 501,000,000

A PRODUITS D'EXPLOITION: TOTAL I 312,033,868 405,000,000 501,000,000

Achats matières premières 296,625,369 385,001,705 476,250,600
Autres Achats 5,500,550 7,139,400 8,831,677
Variations matières première -69,542,086 -80,000,000 -88,000,000
Produits d'entretien 0 37,500 41,250
Founitures de bureau 0 30,000 33,000
Eau 0 0 0
Electricité 0 2,560,000 2,816,000
Entretiens et réparations 0 405,700 446,270
Voyages & déplacement 950,000 1,070,000 1,177,000
Service Exterieur 3,308,523 4,500,000 4,950,000
Assurance 0 150,000 150,000
Publicité 0 150,000 165,000
Frais deTélécommunications 0 1,560,000 2,100,000
Frais bancaires 744,555 1,080,000 1,700,000
Réceptions /mission 0 50,000 55,000
Patentes & Licences 141,500 479,894 1,146,150
Taxes sur appointements et salaires 591,000 591,000 591,000
Autres droit (Bail) 60,000 60,000 60,000
Amendes & pénalités non déductibles 22,601 14,700 16,170
Autres charges 471,025 90,000 99,000
1 - SOUS-TOTAL 238,873,037 324,969,899 412,628,117
B VALEUR AJOUTEE = A-1 73,160,831 80,030,101 88,371,883
1- Salaires 21,120,000 21,120,000 21,120,000
2-Autre indemnité et avantages 2,520,000 2,520,000 2,520,000
3- Charges sociales 3,421,440 3,421,440 3,421,440
C EXCEDENT BRUT D'EXPLOITATION B- (1+2+3) 46,099,391 52,968,661 61,310,443
4-Reprise de provision -1,365,215 0 0
5- Amortissements 11,295,969 11,295,969 11,295,969
D RESULTAT D'EXPLOITATION = C-4 36,168,637 41,672,692 50,014,474
6- Intérêts bancaires 0 0 0
E RESULTAT NET AVANT IMPÔTS = D-6 36,168,637 41,672,692 50,014,474
7- Impôts sur les bénéfices 11,935,650 13,751,988 16,504,776
F1 RESULTAT NON DISTRIBUE = E - 7 24,232,987 27,920,704 33,509,698
CASH FLOW NET OU
F2 AUTOFINANCEMENT NET = E - (7)+5 35,528,956 39,216,673 44,805,667
 WILLIAMS CONSTRUCTIONS : COMPTE D'EXPLOITATION PREVIONNEL.
INTITULES 2018 2019 2020 2021 2022 2023
VENTES 415,231,250 501,000,000 604,707,000 729,881,349 880,966,788 1,063,326,913

AUTRES PRODUITS 16,292,537 0 39,332,076 47,473,816 57,300,896 69,162,181

REINTEGRATIONS 614,700 700,000 700,000 700,000 700,000 700,000

432,138,487 501,700,000 644,739,076 778,055,165 938,967,684 1,133,189,094

A PRODUITS D'EXPLOITION: TOTAL I 432,138,487 501,700,000 644,739,076 778,055,165 938,967,684 1,133,189,094

Achats matières premières 219,569,965 264,923,590 319,762,773 385,953,667 465,846,076 562,276,214

Autres Achats 0 8,831,677 10,659,834 12,866,420 15,529,769 18,744,431

Variations matières première 8,000,000 -10,000,000 -12,070,000 -14,568,490 -17,584,167 -21,224,090

Produits d'entretien 0 50,000 60,350 72,842 87,921 106,120

Founitures de bureau 0 250,000 301,750 364,212 439,604 530,602

Eau 0 0 0 0 0 0

Electricité 0 3,450,000 4,164,150 5,026,129 6,066,538 7,322,311

Entretiens et réparations 0 300,000 362,100 437,055 527,525 636,723

Voyages & déplacement 464,432 510,875 616,626 744,268 898,332 1,084,286

Service Exterieur 600,000 600,000 724,200 874,109 1,055,050 1,273,445

Honoraires 600,000 600,000 724,200 874,109 1,055,050 1,273,445

Assurance 75,000 150,000 181,050 218,527 263,763 318,361

Publicité 0 0 0 0 0 0

Frais deTélécommunications 0 2,100,000 2,534,700 3,059,383 3,692,675 4,457,059

Frais bancaires 4,041,825 1,700,000 2,051,900 2,476,643 2,989,308 3,608,095

Réceptions /mission 0 0 0 0 0 0

Patentes & Licences 479,894 1,146,150 1,383,403 1,669,767 2,015,409 2,432,599

Taxes sur appointements et salaires 591,000 591,000 713,337 860,998 1,039,224 1,254,344

Autres droit (Bail) 60,000 60,000 72,420 87,411 105,505 127,345

Amendes & pénalités non déductibles 14,700 16,170 19,517 23,557 28,434 34,319

Autres charges 2,197 2,417 2,917 3,521 4,250 5,129

1 - SOUS-TOTAL 234,499,013 275,281,879 332,265,228 401,044,130 484,060,265 584,260,740

B VALEUR AJOUTEE = A-1 197,639,474 226,418,121 312,473,848 377,011,035 454,907,419 548,928,355

1- Salaires 21,120,000 21,120,000 21,120,000 21,120,000 21,120,000 21,120,000

2-Autre indemnité et avantages 2,520,000 2,520,000 2,520,000 2,520,000 2,520,000 2,520,000

3- Charges sociales 3,421,440 3,421,440 3,421,440 3,421,440 3,421,440 3,421,440

C EXCEDENT BRUT D'EXPLOITATION B- (1+2+3) 170,578,034 199,356,681 285,412,408 349,949,595 427,845,979 521,866,915

4-Reprise de provision 686,025 0 0 0 0 0

5- Amortissements 14,757,364 11,295,969 11,295,969 11,295,969 11,295,969 11,295,969

D RESULTAT D'EXPLOITATION = C-4 155,134,645 188,060,712 274,116,439 338,653,626 416,550,010 510,570,946

6- Intérêts bancaires 6,330,005 6,330,005 6,330,005 6,330,005 6,330,005 6,330,005

E RESULTAT NET AVANT IMPÔTS = D-6 148,804,640 181,730,707 267,786,434 332,323,621 410,220,005 504,240,941

7- Impôts sur les bénéfices 49,105,531 59,971,133 88,369,523 102,355,675 126,347,762 155,306,210
F1 RESULTAT NON DISTRIBUE = E - 7 99,084,409 121,759,574 179,416,911 229,967,946 283,872,243 348,934,731
CASH FLOW NET OU
F2 AUTOFINANCEMENT NET = E - (7)+5 115,142,498 133,055,543 190,712,880 241,263,915 295,168,212 360,230,700
 WILLIAMS CONSTRUCTIONS (PLAN DE FINANCEMENT)
BESOINS 2017 2018 2019

Frais d'établissement 0 0 0
Autres Achats 10,000,000 10,000,000 10,000,000
Programme (hors
Travaux d'extension des chambres d'hébergement
taxes)
Equipements 0
Prêts & participations 0
TOTAL PROGRAMME 10,000,000 10,000,000 10,000,000
Renouvellement courants (HT) 0
Reconstitution du fonds de roulement
Variationdu BFR 0
BESOINS Retrait de comptes courants
Distribution de dividendes 0
Remboursement de crédit 10,000,000 10,000,000 10,000,000
Échéance CMT de 50Ms
TOTAL BESOINS 20,000,000 20,000,000 20,000,000
Augmentation de capital
Aports personnel 0 0 0
Cession d'actifs 0
RESSOURCES
CAF 0 35,528,956 39,216,673
Prélèvement sur FR 0 0 0
CMT 10,000,000 10,000,000 10,000,000
TOTAL RESSOURCES 10,000,000 45,528,956 49,216,673
Variations -10,000,000 25,528,956 29,216,673
Variations cumulées -10,000,000 15,528,956 44,745,628
 WAFO Jean Paul (HOTEL MENFIS) PLAN DE FINANCEMENT
BESOINS 2014 2015 2016

Frais d'établissement 0
Achats 11,636,600 13,110,178 15,988,973
Programme (hors
Construction d'un restaurant d'application 65,000,000
taxes)
Immobilisations corporelles 20,000,000 12,000,000
Prêts & participations 0
TOTAL PROGRAMME 96,636,600 13,110,178 27,988,973
Renouvellement courants (HT) 0
Reconstitution du fonds de roulement
Variationdu BFR 0
BESOINS Retrait de comptes courants
Distribution de dividendes 0
Remboursement de crédit AFB (4Ms venant de 6Ms 16,800,000 16,800,000 16,800,000
Échéance CMT de 50Ms
TOTAL BESOINS 113,436,600 29,910,178 44,788,973
Augmentation de capital
Aports personnel 6,612,487 15,000,000
Cession d'actifs 0
RESSOURCES
CAF #REF! #REF! #REF!
Prélèvement sur FR 0
CMT 50,000,000
TOTAL RESSOURCES #REF! #REF! #REF!
Variations #REF! #REF! #REF!
Variations cumulées #REF! #REF! 61,295,407
 VENTILATION DU CA 2012 MENFIS
SALLE DES
RECEPTION BAR CUISINE PARKING TOTAL MOIS
FETES

Jan-12 6,387,900 1,949,950 282,700 2,000 2,365,400 10,987,950

Feb-12 5,752,700 830,700 305,000 4,000 681,000 7,573,400
Mar-12 6,279,800 1,177,900 355,400 1,000 250,000 8,064,100
Apr-12 6,494,500 910,000 1,380,200 0 822,000 9,606,700
May-12 5,285,000 870,700 246,000 1,000 290,000 6,692,700
Jun-12 5,990,400 864,800 252,000 0 614,000 7,721,200
Jul-12 5,453,200 912,200 342,200 8,000 346,800 7,062,400
Aug-12 5,524,800 776,300 338,000 10,000 358,000 7,007,100
Sep-12 5,088,500 784,100 393,600 5,000 199,000 6,470,200
Oct-12 4,264,500 852,200 426,400 13,000 733,000 6,289,100
Nov-12 5,064,500 901,300 354,500 3,000 855,000 7,178,300
Dec-12 6,231,000 2,378,250 379,100 4,000 2,730,000 11,722,350

TOTAL
67,816,800 13,208,400 5,055,100 51,000 10,244,200 96,375,500
RUBRIQUE
 VENTILATION DU CA 2013 MENFIS
SALLE DES
RECEPTION BAR CUISINE PARKING TOTAL MOIS
FETES

Jan-13 5,151,500 1,697,850 825,500 11,500 2,158,000 9,844,350

Feb-13 4,433,500 991,750 482,000 1,500 800,000 6,708,750
Mar-13 7,343,900 1,177,050 1,247,300 13,000 650,000 10,431,250
Apr-13 4,963,700 1,114,950 747,500 27,000 820,000 7,673,150
May-13 5,308,400 1,045,600 618,300 19,500 875,000 7,866,800
Jun-13 6,781,000 1,161,150 466,500 8,000 285,000 8,701,650
Jul-13 4,587,200 1,214,950 483,000 35,000 301,000 6,621,150
Aug-13 4,332,000 1,188,100 466,000 30,500 745,000 6,761,600
Sep-13 4,559,600 994,800 461,500 15,000 370,000 6,400,900
Oct-13 4,649,500 642,550 485,000 0 630,000 6,407,050
Nov-13 5,245,000 1,105,000 4,015,500 5,500 905,000 11,276,000
Dec-13 7,450,500 2,405,000 380,000 20,500 2,800,000 13,056,000

TOTAL
64,805,800 14,738,750 10,678,100 187,000 11,339,000 101,748,650
RUBRIQUE
 VENTILATION DU CA 2014 MENFIS
SALLE DES
RECEPTION BAR CUISINE PARKING TOTAL MOIS
FETES

Jan-14 5,151,500 1,697,850 825,500 11,500 2,158,000 9,844,350

Feb-14 4,433,500 991,750 482,000 1,500 800,000 6,708,750
Mar-14 7,343,900 1,177,050 1,247,300 13,000 650,000 10,431,250
Apr-14 4,963,700 1,114,950 747,500 27,000 820,000 7,673,150
May-14 5,308,400 1,045,600 618,300 19,500 875,000 7,866,800
Jun-14 6,781,000 1,161,150 466,500 8,000 285,000 8,701,650
Jul-14 4,587,200 1,214,950 483,000 35,000 301,000 6,621,150
Aug-14 4,332,000 1,188,100 466,000 30,500 745,000 6,761,600
Sep-14 4,559,600 994,800 461,500 15,000 370,000 6,400,900
Oct-14 4,649,500 642,550 485,000 0 630,000 6,407,050
Nov-14 5,245,000 1,105,000 4,015,500 5,500 905,000 11,276,000
Dec-14 7,450,500 2,405,000 380,000 20,500 2,800,000 13,056,000

TOTAL
64,805,800 14,738,750 10,678,100 187,000 11,339,000 101,748,650
RUBRIQUE
 ETS TALINGA & FILS (COMPTE D'EXPLOITATION PREVISIONNEL).
INTITULES 2017 2018 2019 2020
Chiffre d'affaires 241,668,000 243,432,000 242,046,000 241,920,000
0 0 0
0 0 0
0 0 0
0 0 0
A PRODUITS D'EXPLOITION: TOTAL I 241,668,000 243,432,000 242,046,000 241,920,000
Achats des marchandises 218,880,000 218,880,000 218,880,000 218,880,000
Variations de stock marchandises -228,000 -144,000 0 0
Produits d'entretien 14,500 13,500 13,500 13,500
Founitures de bureau 12,500 10,500 13,500 14,000
Eau 0 0 0 0
Electricité 36,000 36,000 36,000 36,000
Achats étude & prestations services 3,000 3,000 3,000 3,000
Voyages & déplacement 120,000 120,000 120,000 120,000
Petit matériel d'Entretien 0 0 0 0
Transport ballots 768,000 768,000 768,000 768,000
Publicité 0 0 0
Frais deTélécommunications 120,000 120,000 120,000 120,000
Rémunération Conseils 440,000 360,000 360,000 360,000
Gardien de sécurité 36,000 36,000 36,000 36,000
Missions 0 0 0 0
1 - SOUS-TOTAL 220,202,000 220,203,000 220,350,000 220,350,500
B VALEUR AJOUTEE = A-1 21,466,000 23,229,000 21,696,000 21,569,500
2- Patentes & Licences 39,980 39,980 39,980 39,980
3- Impôt & taxes indirects 97,500 97,500 97,500 97,500
4- Salaires 6,300,000 6,300,000 6,300,000 6,300,000
5- Charges sociales 815,850 815,850 815,850 815,850
C EXCEDENT BRUT D'EXPLOITATION B- (2+3+4+5) 14,212,670 15,975,670 14,442,670 14,316,170
6- Amortissements 0 0 0 0
D RESULTAT D'EXPLOITATION = C-6 14,212,670 15,975,670 14,442,670 14,316,170
7- Intérêts bancaires 0 0 0 0
E RESULTAT NET AVANT IMPÔTS = D-7 14,212,670 15,975,670 14,442,670 14,316,170
8- Impôts sur les bénéfices 4,690,181 5,271,971 4,766,081 4,724,336
F1 RESULTAT NON DISTRIBUE = E - 8 9,522,489 10,703,699 9,676,589 9,591,834

CASH FLOW NET OU 9,522,489 10,703,699 9,676,589 9,591,834

F2 AUTOFINANCEMENT NET = E - (8)+6
 ETS TALINGA & FILS (PLAN DE FINANCEMENT)
BESOINS 2017 2018 2019 2020

Frais d'établissement 0
Achats 11,000,000 0 0 0
Programme (hors
Construction d'un restaurant d'application 0 0 0
taxes)
Immobilisations corporelles 0 0 0
Prêts & participations 0 0 0
TOTAL PROGRAMME 11,000,000 0 0 0
Renouvellement courants (HT) 0
Reconstitution du fonds de roulement
Variationdu BFR 0
BESOINS Retrait de comptes courants
Distribution de dividendes 0
Remboursement de crédit 8,000,000 4,000,000 0 0
Échéance CMT de 50Ms
TOTAL BESOINS 19,000,000 4,000,000 0 0
Augmentation de capital
Aports personnel 1,000,000
Cession d'actifs 0
RESSOURCES
CAF 9,522,489 10,703,699 9,676,589 9,591,834
Prélèvement sur FR 0
CMT 10,000,000 0 0
TOTAL RESSOURCES 20,522,489 10,703,699 9,676,589 9,591,834
Variations 1,522,489 6,703,699 9,676,589 9,591,834
Variations cumulées 1,522,489 8,226,188 16,380,288 19,268,423
 BUDGET DE TRESORERIE WILLIAMS CONSTRUCTION SARL
Eléments Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
TABLEAU DES ENCAISSEMENTS
RECETTES D'EXPLOITATIONS
Ventes comptant 6,400,000 6,000,000 7,200,000 5,200,000 4,400,000 8,000,000 6,000,000 5,600,000 6,800,000 7,200,000 8,000,000 10,000,000

Règlements clients 10,230,273 9,600,000 9,000,000 10,800,000 7,800,000 6,600,000 12,000,000 9,000,000 8,400,000 10,200,000 10,800,000 8,000,000
TOTAL RECETTES D'EXPLOITATION 16,630,273 15,600,000 16,200,000 16,000,000 12,200,000 14,600,000 18,000,000 14,600,000 15,200,000 17,400,000 18,800,000 18,000,000

RECETTES HOS EXPLOITATION

Apport en capital 0 0 0 0 0 0 0 0 0 0 0 0
Découvert bancaire 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
Autres recettes 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL RECETTES HORS EXPLOITATION 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
RECETTES TOTAL 26,630,273 25,600,000 26,200,000 26,000,000 22,200,000 24,600,000 28,000,000 24,600,000 25,200,000 27,400,000 28,800,000 28,000,000
TABLEAU DES DECAISSEMENTS
DEPENSES D'EXPLOITATION
Achats au comptant 4,833,095 4,531,026 5,437,232 3,926,889 3,322,753 6,041,368 4,531,026 4,228,958 5,135,163 5,437,232 6,041,368 7,551,711
Paiements fournisseurs 1,287,471 1,208,274 1,132,757 1,359,308 981,722 830,688 1,510,342 1,132,757 1,057,239 1,283,791 1,359,308 1,510,342
Salaires 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000
Charges sociales 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810
TVA à décaisser 0 0 0 0 0 0 0 0 0 0 0 0
Imp^t sur les sociétés (AC/IS) 92,048 295,178 276,730 332,075 239,832 202,935 368,973 276,730 258,281 313,627 332,075 295,178
Autres dépenses 1,650,000 1,211,500 1,060,000 1,025,680 1,039,830 1,025,680 1,025,680 1,025,680 1,943,982 1,025,680 3,410,092 5,191,753
TOTAL DES DEPENSES D'EXPLOITATION 10,121,424 9,504,788 10,165,529 8,902,762 7,842,947 10,359,481 9,694,831 8,922,935 10,653,475 10,319,140 13,401,653 16,807,794
DEPENSES HORS EXPLOITATION
Investissement 0 0 0 0 0 0 0 0 0 0 0 0
Remboursement découvert 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
Dividendes 0 0 0 0 0 0 0 0 0 0 0 0
TOTAL DEPENSES HORS EXPLOITATION 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000
TOTAL DEPENSES 20,121,424 19,504,788 20,165,529 18,902,762 17,842,947 20,359,481 19,694,831 18,922,935 20,653,475 20,319,140 23,401,653 26,807,794
TABLEAU DE LA SITUATION DE TRESORERIE
SOLDE INITIAL 5,118,521 11,627,370 17,722,582 23,757,053 30,854,291 35,211,343 39,451,862 47,757,032 53,434,097 57,980,622 65,061,482 70,459,829
RECETTES TOTAL 26,630,273 25,600,000 26,200,000 26,000,000 22,200,000 24,600,000 28,000,000 24,600,000 25,200,000 27,400,000 28,800,000 28,000,000
DEPENSES TOTALES 20,121,424 19,504,788 20,165,529 18,902,762 17,842,947 20,359,481 19,694,831 18,922,935 20,653,475 20,319,140 23,401,653 26,807,794
SOLDE PERIODE 6,508,849 6,095,212 6,034,471 7,097,238 4,357,053 4,240,519 8,305,169 5,677,065 4,546,525 7,080,860 5,398,347 1,192,206
SOLDE FIN DE PERIODE 11,627,370 17,722,582 23,757,053 30,854,291 35,211,343 39,451,862 47,757,032 53,434,097 57,980,622 65,061,482 70,459,829 71,652,035
 BUDGET DE TRESORERIE WILLIAMS CONSTRUCTION SARL
Eléments Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
TABLEAU DES ENCAISSEMENTS
VENTES 16,000,000 15,000,000 18,000,000 13,000,000 11,000,000 20,000,000 15,000,000 14,000,000 17,000,000 18,000,000 20,000,000 25,000,000 202,000,000

RECETTES D'EXPLOITA 13,220,182 15,810,091 16,400,000 15,400,000 13,200,000 15,000,000 16,200,000 15,600,000 15,400,000 16,800,000 18,600,000 21,600,000 14,000,000 5,000,000

Règlements clients N-1 6,820,182 3,410,091

JANVIER 6,400,000 6,400,000 3,200,000

FÉVRIER 6,000,000 6,000,000 3,000,000

MARS 7,200,000 7,200,000 3,600,000

AVRIL 5,200,000 5,200,000 2,600,000

MAI 4,400,000 4,400,000 2,200,000

JUIN 8,000,000 8,000,000 4,000,000

JUILLET 6,000,000 6,000,000 3,000,000

AOÛT 5,600,000 5,600,000 2,800,000

SEPTEMBRE 6,800,000 6,800,000 3,400,000

OCTOBRE 7,200,000 7,200,000 3,600,000

NOVEMBRE 8,000,000 8,000,000 4,000,000

DÉCEMBRE 10,000,000 10,000,000 5,000,000

BUDGET DE TVA

ELEMENTS Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17

TVA facturée sur les ve 2,582,809 2,421,384 2,905,660 2,098,532 1,775,681 3,228,512 2,421,384 2,259,958 2,744,235 2,905,660 3,228,512 4,035,639 32,607,966

TVA facturée retenue à 2,066,247 1,937,107 2,324,528 1,678,826 1,420,545 2,582,809 1,937,107 1,807,966 2,195,388 2,324,528 2,582,809 3,228,512 26,086,373

TVA collectéé 516,562 484,277 581,132 419,706 355,136 645,702 484,277 451,992 548,847 581,132 645,702 807,128 6,521,593

TVA récupérable sur ac 1,162,963 1,090,278 1,308,334 944,908 799,537 1,453,704 1,090,278 1,017,593 1,235,649 1,308,334 1,453,704 1,817,130

TVA récupérable sur aut 0 150,000

OTAL TVA RECUPERALE 1,162,963 1,090,278 1,308,334 944,908 799,537 1,453,704 1,090,278 1,017,593 1,235,649 1,308,334 1,453,704 1,967,130

TVA MOIS PRECEDENT 5,284,921 5,931,323 6,537,324 7,264,526 7,789,727 8,234,128 9,042,130 9,648,132 10,213,733 10,900,535 11,627,737 12,435,738

TVA DUE (SI POSITIF) 0 0 0 0 0 0 0 0 0 0 0 0

IT DE TVA (SI NEGATIF) 5,931,323 6,537,324 7,264,526 7,789,727 8,234,128 9,042,130 9,648,132 10,213,733 10,900,535 11,627,737 12,435,738 13,595,741

T POUR PAIEMENT TVA 0 0 0 0 0 0 0 0 0 0 0

TABLEAU DES DECAISSEMENTS

Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Dec-17
6,041,368 5,663,783 6,796,539 4,908,612 4,153,441 7,551,711 5,663,783 5,286,197 6,418,954 6,796,539 7,551,711 9,439,638
DEPENSES D'EXPLOITA 6,120,566 5,739,300 6,569,988 5,286,197 4,304,475 6,872,057 6,041,368 5,361,714 6,192,403 6,721,022 7,400,676 9,062,053 1,887,928
Paiements fournisseurs N- 1,287,471
Achats au comptant 4,833,095 4,531,026 5,437,232 3,926,889 3,322,753 6,041,368 4,531,026 4,228,958 5,135,163 5,437,232 6,041,368 7,551,711
Paiements fournisseurs 1,208,274 1,132,757 1,359,308 981,722 830,688 1,510,342 1,132,757 1,057,239 1,283,791 1,359,308 1,510,342 1,887,928
TOTAL 6,120,566 5,739,300 6,569,988 5,286,197 4,304,475 6,872,057 6,041,368 5,361,714 6,192,403 6,721,022 7,400,676 9,062,053 1,887,928
Salaires 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000 1,970,000
Charges sociales 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810 288,810
TVA à décaisser
Imp^t sur les sociétés (AC/IS)
Autres dépenses
TOTAL DES DEPENSES D'EXPLOITATION
DEPENSES HORS EXPLOITATION
Investissement
Remboursement découvert
Dividendes
TOTAL DEPENSES HORS EXPLOITATION
TOTAL DEPENSES
TABLEAU DE LA SITUATION DE TRESORERIE
SOLDE INITIAL
RECETTES TOTAL
DEPENSES TOTALES
SOLDE PERIODE
SOLDE FIN DE PERIODE
Rglt clts vtes comptant

10,230,273

9,600,000 6,400,000

9,000,000 6,000,000

10,800,000 7,200,000

7,800,000 5,200,000

6,600,000 4,400,000

12,000,000 8,000,000

9,000,000 6,000,000

8,400,000 5,600,000

10,200,000 6,800,000

10,800,000 7,200,000

8,000,000 8,000,000

10,000,000

112,430,273 80,800,000
 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17
VENTES 20,097,000 20,223,000 20,034,000 20,223,000 20,223,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000

A PRODUITS D'EXPLOITATION TOTAL I 20,097,000 20,223,000 20,034,000 20,223,000 20,223,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000

ACHATS 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000
VARIATION STOCK -57,000 0 -114,000 -57,000 0
Produits d'entretien 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250
Fournitures de bureau 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050 1,050
Electricité 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Etudes et prestation de services 250 250 250 250 250 250 250 250 250 250 250
Voyages et déplacements 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
Transport ballot 64,000 64,000 64,000 64,000 64,000 64,000 64,000 64,000 64,000 64,000 64,000
Frais de télécommunication 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000
Rémunération conseil 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000 40,000

1- SOUS TOTAL 18,312,550 18,369,550 18,255,550 18,312,550 18,369,550 18,369,550 18,369,550 18,369,550 18,369,550 18,369,550 18,369,550

B VALEUR AJOUTEE = A-1 1,784,450 1,853,450 1,778,450 1,910,450 1,853,450 1,790,450 1,790,450 1,790,450 1,790,450 1,790,450 1,790,450

2- Patentes & licences 39,980

3- Impôts & taxes indirects 97,500
4- Salaires 525,000 525,000 525,000 525,000 525,000 525,000 525,000 525,000 525,000 525,000 525,000
5- Charges sociales 67,988 67,988 67,988 67,988 67,988 67,988 67,988 67,988 67,988 67,988 67,988

C EXCEDENT BRUT D'EXPLOITATION B- (2+3+4+5) 1,053,983 1,260,463 1,185,463 1,317,463 1,260,463 1,197,463 1,197,463 1,197,463 1,197,463 1,197,463 1,197,463

6- Amortissements
D RESULTAT D'EXPLOITATION = C-6
7- Intérêts bancaires
E RESULTAT NET AVANT IMPÔT = D-7
0 0 0 0 0 0 0 0 0 0 0
8- IMPOTS SUR LES BENEFICES
F1 RESULTAT NON DISTRIBUE = E-8
0 0 0 0 0 0 0 0 0 0 0

F2 CASH FLOW NET OU AUTOFINANCEMENT NET =

E- (8) + 6 0 0 0 0 0 0 0 0 0 0 0
 Dec-17 Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18
20,160,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000

20,160,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000 20,160,000

18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000 18,240,000

1,250 1,250 1,250 1,250 1,250 1,250 1,250

1,050 1,050 1,050 1,050 1,050 1,050 1,050
3,000 3,000 3,000 3,000 3,000 3,000 3,000
250 250 250 250 250 250 250
10,000 10,000 10,000 10,000 10,000 10,000 10,000
64,000 64,000 64,000 64,000 64,000 64,000 64,000
10,000 10,000 10,000 10,000 10,000 10,000 10,000
40,000 40,000 40,000 40,000 40,000 40,000 40,000

18,369,550 18,369,550 18,369,550 18,369,550 18,369,550 18,369,550 18,369,550

1,790,450 1,790,450 1,790,450 1,790,450 1,790,450 1,790,450 1,790,450

39,980
97,500
525,000 525,000 525,000 525,000 525,000 525,000 525,000
67,988 67,988 67,988 67,988 67,988 67,988 67,988

1,197,463 1,059,983 1,197,463 1,197,463 1,197,463 1,197,463 1,197,463

14,500,670

14,500,670 0 0 0 0 0 0
4,785,221

9,715,449 0 0 0 0 0 0

9,715,449 0 0 0 0 0 0
 SORTIES (ACHATS EN Ballots)
ACHATS TOTAL
PERIODES QTES MARGE
SUPLEMENTAIRE
CREDIT COMPTANT CREDIT COMPTANT

JANVIER 320 60,000 57,000 19,200,000 18,240,000 960,000

FÉVRIER 320 60,000 57,000 19,200,000 18,240,000 960,000

MARS 320 60,000 57,000 19,200,000 18,240,000 960,000

AVRIL 320 60,000 57,000 19,200,000 18,240,000 960,000

MAI 320 60,000 57,000 19,200,000 18,240,000 960,000

JUIN 320 60,000 57,000 19,200,000 18,240,000 960,000

JUILLET 320 60,000 57,000 19,200,000 18,240,000 960,000

AOÛT 320 60,000 57,000 19,200,000 18,240,000 960,000

SEPTEMBRE 320 60,000 57,000 19,200,000 18,240,000 960,000

OCTOBRE 320 60,000 57,000 19,200,000 18,240,000 960,000

NOVEMBRE 320 60,000 57,000 19,200,000 18,240,000 960,000

DÉCEMBRE 320 60,000 57,000 19,200,000 18,240,000 960,000

3,840 230,400,000 218,880,000 11,520,000

 ENTREES (VENTES COMPTANT)
QTES PV MOYEN TOTAL

JANVIER 320 63,000 20,160,000

FÉVRIER 320 63,000 20,160,000

MARS 320 63,000 20,160,000

AVRIL 320 63,000 20,160,000

MAI 320 63,000 20,160,000

JUIN 320 63,000 20,160,000

JUILLET 320 63,000 20,160,000

AOÛT 320 63,000 20,160,000

SEPTEMBRE 320 63,000 20,160,000

OCTOBRE 320 63,000 20,160,000

NOVEMBRE 320 63,000 20,160,000

DÉCEMBRE 320 63,000 20,160,000

3,840 241,920,000
 WILLIAMS CONSTRUCTIONS : COMPTE D'EXPLOITATION PREVISIONNEL.
INTITULES ### 2020
### 2021 2022 2023
VENTES ###
### 604,707,000 729,881,349 880,966,788 1,063,326,913

AUTRES PRODUITS ###

### 39,332,076 47,473,816 57,300,896 69,162,181

REINTEGRATIONS ###
### 700,000 700,000 700,000 700,000
A PRODUITS D'EXPLOITION: TOTAL I ###
### 644,739,076 778,055,165 938,967,684 1,133,189,094

Achats matières premières ### 319,762,773 385,953,667 465,846,076 562,276,214

Autres Achats ###

### 10,659,834 12,866,420 15,529,769 18,744,431

Variations matières première ###

### -12,070,000 -14,568,490 -17,584,167 -21,224,090

Produits d'entretien ###

### 60,350 72,842 87,921 106,120

Founitures de bureau ###

### 301,750 364,212 439,604 530,602

Eau ###
### 0 0 0 0

Electricité ###
### 4,164,150 5,026,129 6,066,538 7,322,311

Entretiens et réparations ###

### 362,100 437,055 527,525 636,723

Voyages & déplacement ###

### 616,626 744,268 898,332 1,084,286

Service Exterieur ###

### 724,200 874,109 1,055,050 1,273,445

Honoraires ###
### 724,200 874,109 1,055,050 1,273,445

Assurance ###
### 181,050 218,527 263,763 318,361

Publicité ###
### 0 0 0 0

Frais deTélécommunications ###

### 2,534,700 3,059,383 3,692,675 4,457,059

Frais bancaires ###

### 2,051,900 2,476,643 2,989,308 3,608,095

Réceptions /mission ###

### 0 0 0 0

Patentes & Licences ###

### 1,383,403 1,669,767 2,015,409 2,432,599

Taxes sur appointements et salaires ###

### 713,337 860,998 1,039,224 1,254,344

Autres droit (Bail) ###

### 72,420 87,411 105,505 127,345

Amendes & pénalités non déductibles ###

### 19,517 23,557 28,434 34,319

Autres charges ###

### 2,917 3,521 4,250 5,129

1 - SOUS-TOTAL ###
### 332,265,228 401,044,130 484,060,265 584,260,740
B VALEUR AJOUTEE = A-1 ###
### 312,473,848 377,011,035 454,907,419 548,928,355

1- Salaires ###
### 21,120,000 21,120,000 21,120,000 21,120,000

2-Autre indemnité et avantages ###

### 2,520,000 2,520,000 2,520,000 2,520,000

3- Charges sociales ###

### 3,421,440 3,421,440 3,421,440 3,421,440
C EXCEDENT BRUT D'EXPLOITATION B- (1+2+3) ###
### 285,412,408 349,949,595 427,845,979 521,866,915

4-Reprise de provision ###

### 0 0 0 0

5- Amortissements ###
### 11,295,969 11,295,969 11,295,969 11,295,969
D RESULTAT D'EXPLOITATION = C-4 ###
### 274,116,439 338,653,626 416,550,010 510,570,946

6- Intérêts bancaires ###

### 6,330,005 6,330,005 6,330,005 6,330,005
E RESULTAT NET AVANT IMPÔTS = D-6 ###
### 267,786,434 332,323,621 410,220,005 504,240,941

7- Impôts sur les bénéfices ###

### 88,369,523 102,355,675 126,347,762 155,306,210
F1 RESULTAT NON DISTRIBUE = E - 7 ###
### 179,416,911 229,967,946 283,872,243 348,934,731
F2 CASH FLOW NET OU ###
### 190,712,880 241,263,915 295,168,212 360,230,700
AUTOFINANCEMENT NET = E - (7)+5