Informe Financiero Nacional De Chocolates

INFORME FINANCIERO NACIONAL DE CHOCOLATES
Estados Financieros Consolidados Proyectados
Grupo Nacional de Chocolate
(Millones de Pesos)



|Estado de Resultados |2007 |2008 |2009 |2010E |2011E |2012E |
|Ingreso Operacional |3.449.517 |4.009.727 |4.588.366|4.600.882 |5.023.609 |5.282.657 |
|Costo de Ventas |2.035.308 |2.384.094 |2.818.189 |2.756.719 |3.010.005 |3.165.219 |
|Utilidad Bruta |1.414.209 |1.625.633 |1.770.177 |1.844.163 |2.013.604 |2.117.438 |
|Gastos administrativos|981.324 |1.159.747 |1.321.453 |1.334.256 |1.456.847 |1.531.970 |
|Utilidad operacional |432.885 |465.886 |448.724 |509.907 |556.758 |585.467 |
|EBITDA |528.754 |569.823 |551.034 |588.913 |678.187 |713.159|
|Resultado no-operacional |85.355 |93.324 |153.684 |154.675 |205.128 |239.403 |
|Utilidad antes de impuestos |347.53 |372.562 |295.04 |434.238 |473.059 |473.756 |
|Utilidad neta |247.313 |299.051 |213.274|307.908 |335.426 |335.871 |
| | | | | | | |
|Balance General |2007 |2008 |2009 |2010E |2011E |2012E |
|Efectivo & InversionesTemporales |141.066 |200.123 |152.572 |339.089 |513.114 |771.708 |
|Deudores |418.07 |645.639 |510.929 |521.433 |569.342 |598.701 |
|Inventarios |434.839 |528.465 |494.12 |497.741 |543.473|571.498 |
|Activo Corriente |1.041.571 |1.388.271 |1.211.426 |1.409.384 |1.681.747 |2.000.603 |
|Activo No Corriente |4.306.731 |3.948.282 |5.717.700 |7.112.959 |7.782.928 |8.528.559 |
|TOTAL ACTIVO |5.348.302 |5.336.553|6.929.126 |8.522.343 |9.464.676 |10.529.163 |
|Deuda Financiera Total |718.503 |884.817 |1.015.157 |1.026.759 |1.126.759 |1.309.586 |
|Deuda Financiera CP |248.058 |349.791 |210.544 |210.544 |215.619 |236.619 |
|DeudaFinanciera LP |470.445 |535.026 |804.613 |804.613 |811.14 |890.14 |
|TOTAL PASIVO |1.215.943 |1.469.369 |1.538.886 |1.624.578 |1.780.843 |1.999.087 |
|TOTAL PATRIMONIO e INT. MIN. |4.132.359 |3.867.184 |5.390.240 |6.897.764|7.683.832 |8.530.076 |
| | | | | | | |
|Indicadores |2007 |2008 |2009 |2010E |2011E |2012E |
|Margen Bruto |41,0%...