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Planemiento Financiero Hidrostal Sa
Planemiento Financiero Hidrostal Sa
Planemiento Financiero Hidrostal Sa
Net Int Inc & Other -808,150 -4,385,433 -3,273,279 -3,244,604 -3,038,394
Earnings Before Taxes 10,297,584 11,721,857 4,938,639 9,121,496 9,534,397
Income Taxes 3,089,045 3,269,044 438,411 3,070,431 4,085,199
Net Income 7,208,539 8,452,813 4,500,228 6,051,065 5,449,198
Balance Sheet
Assets $Mil 2,012 2,013 2,014 2,015 2,016
HIDROSTAL SA Page 1
Planeamiento Financiero
Intangibles 196,967 450,964 1,741,983 1,485,491 1,449,963
Other Long-Term Assets - - -
Total Assets 166,298,262 167,195,633 205,190,716 222,899,387 221,019,432
HIDROSTAL SA Page 2
Planeamiento Financiero
Liabilities and Stockholders' Equity $Mil
Accts Payable 13,522,429 13,633,033 26,144,617 29,452,927 23,287,612
Short-Term Debt - - - - -
Taxes Payable - - - - -
Accrued Liabilities -
HIDROSTAL SA Page 3
Planeamiento Financiero
Estado de Resultados
2,017 2,018 2,019 2,020 2,021 2,022
Ventas 141,554,034 144,328,154 147,156,639 150,040,556 152,980,991 155,979,052
(-) Gastos Operativos 132,469,314 135,065,394 137,712,352 140,411,184 143,162,906
(=) Ganancia Operativa 11,858,840 12,091,245 12,328,204 12,569,807 12,816,145
x (1-t) = NOPAT 8,360,482 8,524,328 8,691,384 8,861,714 9,035,383
HIDROSTAL SA Page 4
Planeamiento Financiero
Balance
Activos Totales 216,690,468 220,937,081 225,266,918 229,681,609 234,182,818
(-) Activos no operativos 589,863 601,423 613,209 625,227 637,480
(-) Pasivo no financiero 21,905,032.43 22,334,319 22,772,018 23,218,295 23,673,317
(=) Capital 194,195,573 198,001,340 201,881,691 205,838,088 209,872,021
Costo de Capital
# año 1 2 3 4 5
Factor de descuento 0.92 0.85 0.79 0.73 0.68
EVA * Factor de descuento = VP EVA -6,903,386 -6,508,268 -6,135,764 -5,784,581 -5,453,497
Valor económico agregado -108,555,533
(+) Capital 194,195,573
rendimiento del Capital superior al costo del Capital
(=) Valor de la empresa 85,640,040 EVA Negativo
HIDROSTAL SA Page 5
Planeamiento Financiero
(-) Inversión Neta 3,805,767 3,880,351 3,956,397 4,033,933 4,112,988
(=) Free Cash Flow 4,554,715 4,643,976 4,734,987 4,827,781 4,922,394
HIDROSTAL SA Page 6
Planeamiento Financiero
rotaciones (=) Capital 179,046,099 193,446,460 197,731,820
HIDROSTAL SA Page 7
Google Inc. (GOOG)
2,017 % s/Vtas
141,554,034
99,217,755
42,336,279
7,858,578
29,504,708
-4,393,450
9,366,443 8%
-1,962,285
7,404,158
2,850,613
4,553,545
2,017 % s/Vtas
2,096,057
35,194,017
56,276,204
0.27%
52,144
93,618,422 60%
195,239,879
HIDROSTAL SA Page 8
Google Inc. (GOOG)
2,683,654
291,541,955 150%
HIDROSTAL SA Page 9
Google Inc. (GOOG)
22,761,522 15%
-
-
-
22,761,522
43,756,790
15,059,257
81,577,569
210,144,386
291,721,955
RECIMIENTO
HIDROSTAL SA Page 10
Google Inc. (GOOG)
Perpet
159,035,867
145,968,556
13,067,311
9,212,454
HIDROSTAL SA Page 11
Google Inc. (GOOG)
238,772,239 150%
649,973 0.27%
24,137,257.63 15%
213,985,009 6,989,657 estado de resultados
15,059,257 estado de situacion financier
kd 46.41%
ACC
Costo
9.36% 53,971,078 Capital
3.81% 15,059,257 pasivo financiero
69,030,335
8.15% kd 5.4
Perpet
9,212,454
213,985,009 216,124,859
4.3%
8.1%
-8,226,816
perpet
9.45
-77,770,037
9,212,454
HIDROSTAL SA Page 12
Google Inc. (GOOG)
2,139,850
7,072,604
9.45
66,859,002
2,017
70.1%
5.6%
20.8%
-3.1%
291,541,955
-
22,761,522
HIDROSTAL SA Page 13
Google Inc. (GOOG)
268,780,433
52.7%
61%
2.1%
2.1%
HIDROSTAL SA Page 14