Tabla ResumenItem012345Precio vta

50%50%IngresosTotalMartilleroPrivadoIngreso x Vta. Privado$ 46,280,000$ 46,742,800$ 47,210,228$ 47,682,330$ 48,159,154250521300065006500Ingreso x Vta. Martillero$ 63,929,408$ 64,568,702$ 65,214,390$ 65,866,533$ 66,525,199Terneros30%390019501950Total Ingresos$ 110,209,408$ 111,311,502$ 112,424,618$ 113,548,864$ 114,684,352Toros20%260013001300Vta de activo (impresora) (30%)$ 15,000Otros30%390019501950Vta de activo (computador) (30%)$ 72,000Ovino10%1300650650Vta de activo maq y equipos$ 57,000,000Equino5%650325325Vta de activo equipos de Adm.$ 243,000Porcino5%650325325Costos DesembolsablesCosto Variable-$ 1,500,000-$ 1,500,000-$ 1,500,000-$ 1,500,000-$ 1,500,000Comercializacin-$ 647,200-$ 647,200-$ 647,200-$ 647,200-$ 647,200Contabilidad-$ 840,000-$ 840,000-$ 840,000-$ 840,000-$ 840,000Remuneraciones adm.-$ 21,600,000-$ 21,816,000-$ 22,034,160-$ 22,254,502-$ 22,477,047Remuneraciones operacin-$ 6,480,000-$ 6,544,800-$ 6,610,248-$ 6,676,350-$ 6,743,114Transporte Leasing-$ 1,200,000-$ 1,200,000-$ 1,200,000-$ 1,200,000-$ 1,200,000Ropa del Personal-$ 605,280-$ 605,280-$ 605,280-$ 605,280-$ 605,280Reposicin Activo computacin 1-$ 50,000Reposicin Activo Computacin 2-$ 120,000Insumos-$ 8,004,480-$ 8,004,480-$ 8,004,480-$ 8,004,480-$ 8,004,480Otros Costos (1%)-$ 408,770-$ 411,578-$ 416,114-$ 417,278-$ 420,171Costos no DesembolsablesDep. Maq y Equipos-$ 502,166-$ 502,166-$ 502,166-$ 502,166-$ 502,166Dep. Equipos Adm.-$ 136,905-$ 136,905-$ 136,905-$ 136,905-$ 136,905V.L. maq y equipos-$ 14,574,167V.L. equipos de Adm.$ 0-$ 175,476Amortizacin A.N-$ 61,600-$ 61,600-$ 61,600-$ 61,600-$ 61,600U.A.I$ 0$ 68,223,008$ 69,041,494$ 69,783,465$ 70,703,102$ 114,039,747Impto (20%)$ 0-$ 13,644,602-$ 13,808,299-$ 13,956,693-$ 14,140,620-$ 22,807,949Impto0.2U.D.I$ 0$ 54,578,406$ 55,233,195$ 55,826,772$ 56,562,482$ 91,231,797InversionesObra Fisica, Maquinaria y Equipos-$ 190,000,000Gastos de Puesta en Marcha-$ 10,000,000Equipos de Administracin-$ 810,000Capital de Trabajo-$ 5,000,000-$ 6,131,150-$ 111,312-$ 112,425-$ 113,549$ 11,468,435Terreno-$ 5,000,000Recuperacion Costos no DesembolsablesDep. Maq y Equipos$ 502,166$ 502,166$ 502,166$ 502,166$ 502,166Dep. Equipos Adm.$ 136,905$ 136,905$ 136,905$ 136,905$ 136,905V.L. maq y equipos$ 14,574,167V.L. equipos de Adm.$ 175,476Amortizacin A.N$ 61,600$ 61,600$ 61,600$ 61,600$ 61,600Flujo Proyecto Puro-$ 210,810,000$ 49,147,927$ 55,822,555$ 56,415,018$ 57,149,604$ 118,150,546VAN (12%)$ 20,618,957Prestamo$ 40,000,000Interes Despus de Impto.-$ 3,072,000-$ 3,072,000-$ 2,304,000-$ 1,536,000-$ 768,000Amortizacion Deuda-$ 10,000,000-$ 10,000,000-$ 10,000,000-$ 10,000,000Flujo Inversionista -$ 170,810,000$ 46,075,927$ 42,750,555$ 44,111,018$ 45,613,604$ 107,382,546VAN (15%)$ 10,053,125

1234r(p)saldo40000000300000002000000010000000interes384000028800001920000960000%deuda40%int. Banco9.60%cuota10000000100000001000000010000000%capital p60%retorno15%

WACC12%TIR15%

DetallesValores50%50%TotalPrivadoMartilleroPrivadoMartillero200521040052005200Terneros7500Vendedor4%mas ivaTerneros40%20802080Toros y bueyes13500Comprador1.50%mas ivaToros5%260260Otros9500Otros55%28602860Bovino80%41604160Ovino10%520520Equino5%260260Porcino5%260260%-10%mas ivacon iva5.50%8332.8Vaquilla Gorda$377,000$ 339,300$ 112,919,040$ 134,373,658$ 6,210,5479374.4Vaquilla engorda$277,000$ 249,300$ 93,337,920$ 111,072,125$ 5,133,586Venta PrivadoCabezas11457.6Vaca Gorda$329,000$ 296,100$ 135,495,360$ 161,239,478$ 7,452,245Animales anual52006249.6Vaca engorda$185,000$ 166,500$ 41,558,400$ 49,454,496$ 2,285,712Terneros2080$ 15,600,0006249.6Vaca Carnaza$190,000$ 171,000$ 42,681,600$ 50,791,104$ 2,347,488Toros260$ 3,510,0004166.4Toro$448,000$ 403,200$ 67,092,480$ 79,840,051$ 3,690,086Otros2860$ 27,170,00018748.8Ternero$215,000$ 193,500$ 144,892,800$ 172,422,432$ 7,969,104Total$ 46,280,00018748.8Ternera$164,000$ 147,600$ 110,522,880$ 131,522,227$ 6,078,758260Porcino$63,000$ 56,700$ 14,742,000$ 17,542,980$ 810,810520Ovino$34,000$ 30,600$ 15,912,000$ 18,935,280$ 875,16010416Novillo Gordo$539,000$ 485,100$ 201,801,600$ 240,143,904$ 11,099,08810416Novillo engorda$312,000$ 280,800$ 116,812,800$ 139,007,232$ 6,424,704260Equino$269,000$ 242,100$ 62,946,000$ 74,905,740$ 3,462,030Venta MartilleroPrecios promedio$ 63,839,318Animales anual5200CantidadBovinoCategoriaCabezas rematadas/aoValor promedio animal(mas iva) *Remate AnualCobro Remate AnualVaquilla Gorda333$ 339,300$ 112,919,040$ 6,210,547Vaquilla engorda374$ 249,300$ 93,337,920$ 5,133,586Vaca Gorda458$ 296,100$ 135,495,360$ 7,452,245Vaca engorda250$ 166,500$ 41,558,400$ 2,285,712Vaca Carnaza250$ 171,000$ 42,681,600$ 2,347,488Toro166$ 403,200$ 67,092,480$ 3,690,086Ternero749$ 193,500$ 144,892,800$ 7,969,104Ternera749$ 147,600$ 110,522,880$ 6,078,758Novillo Gordo416$ 485,100$ 201,801,600$ 11,099,088Novillo engorda416$ 280,800$ 116,812,800$ 6,424,704OvinoOvino520$ 30,600$ 15,912,000$ 875,160EquinoEquino260$ 242,100$ 62,946,000$ 3,462,030PorcinoPorcino260$ 63,000$ 16,380,000$ 900,900Total5200$ 63,929,408

Media JornadaVeterinario3000001$ 300,000Administrador4500001$ 450,000Adminsitrativos1500004$ 600,000$ 1,350,000-$ 16,200,000Operarios 1500006$ 900,000-$ 10,800,000

Cargohh/mesvalorhhcantidad perssueldo mensualCosto Anualveterinario361000013600004320000administrsdor108100001108000012960000secretaria36500021800002160000caja3650002180000216000021600000operario108500065400006480000$ 28,080,000

Hoja3-10%Vaquilla Gorda$377,000$ 339,300Vaquilla engorda$277,000$ 249,300Vaca Gorda$329,000$ 296,100Vaca engorda$185,000$ 166,500Vaca Carnaza$190,000$ 171,000Toro$448,000$ 403,200Ternero$215,000$ 193,500Ternera$164,000$ 147,600Porcino$63,000$ 56,700Ovino$34,000$ 30,600Novillo Gordo$539,000$ 485,100Novillo engorda$312,000$ 280,800Equino$269,000$ 242,100

Hoja1

CategoriaPorcentajeVaquilla Gorda8%Vaquilla GordaVaquilla engorda9%Vaquilla engordaVaca Gorda11%Vaca GordaVaca engorda6%Vaca engordaVaca Carnaza6%Vaca CarnazaToro4%ToroTernero18%TerneroTernera18%TerneraNovillo Gordo10%Novillo GordoNovillo engorda10%Novillo engorda

CategoriaCabezas rematadas/aoValor por CabezaIngreso AnualTerneros2080$ 7,500$ 15,600,000Toros260$ 13,500$ 3,510,000Otros2860$ 9,500$ 27,170,000Total$ 46,280,000

Hoja2Tipo de AnimalEneFebMarAbrMayJunJulAgoSepOctNovDicAnualNOVILLOS GORDOS892.95943.25915.88917.36NOVILLOS ENGORDA953.19896.26899.02916.16TERNEROS979.29945.69892.09939.02VACAS GORDAS612.66599.95606.07606.23VACAS ENGORDA470.36474.94459.05468.12VACAS CON CRIAS601.31545.49548.82565.21VAQUILLAS GORDAS854.91857.29887.64866.61VAQUILLAS ENGORDA765.05728.60742.45745.37TERNERAS782.72821.67753.99786.13BUEYES668.84687.77654.56670.39TOROS789.93757.42740.39762.58VACAS CARNAZA429.95404.31426.70420.32CABALLARES667.71678.84762.96703.17

Hoja4

Valor EntradaTipoValorTodo tipo de ganado$ 3,500

Hoja5

Cabezas Martillero pbl.Bovino4160Ovino520Equino260Porcino2600.50.55200TotalPrivadoMartillero200521040052005200Cabezas en Tran. PrivadaTerneros0.420802080Terneros2080Toros0.05260260Toros260Otros0.5528602860Otros2860Bovino0.841604160Total5200Ovino0.1520520Equino0.05260260Porcino0.05260260

Cabezas por remateRemates anualCabezas anual2005210400

Hoja6