Foro 1. Analisis Financiero

 

GCPC:. Jbtovonjn na jprainozjla< Avjfujr fj astrubturj goijiboarj na fj ahprasj.

Zuï Zu ï as af jiêf jiêfos osos os go goij ijib iboa oarc rc.. Ra pu puan ana a na nago goio iorr bchc bchc ui pr prcb cbas asc c qu qua a bchp bchpra rain ina a fj rabcpofj rabc pofjboòi boòi,, oitarpra oitarpratjbo tjboòi, òi, bchpjrjb bchpjrjboòi oòi y astunoc astunoc na fcs astjncs astjncs goijiboa goijiboarcs rcs y fcs njtcs njtcs cparjbocijfas na ui iaecboc. Astc ohpfobj af bêfbufc a oitarpratjboòi na pcrbaitjlas, tjsjs, tainaibojs, oinobjncras y astjncs goijiboarcs, bchpfahaitjrocs c juxofojras, fcs bujfas sorvai pjrj avjfujr af nasahpaúc goijiboarc y cparjbocijf na fj gorhj, fc qua jyunj na hjiarj nabosovj j fcs jnhoiostrjncras, oivarsociostjs y jbraancras j tchjr sus raspabtovjs nabosocias. Jiêfosos Goijiboarc j fj ahprasj MCFBOH Jbtovonjn Abciòhobj. Abciòhobj. Tartaiaba jf erupc fènar na fj oinustroj na hjtarojfas hjtarojfas na bcistrubboòi j iovaf huinojf, Mcfboh as uij ahprasj na prcnubboòi. ^jhjúc na fj ahprasj. ahprasj. Mcfboh as uij ahprasj erjina yj qua sus jbtovcs sci jftcs 55,:% y na 55,=% jnahês partaiaba j ui ohpcrtjita erupc suozc.  J bcitoiujboòi, prasaitjhcs af @jfjiba Eaiarjf, ai af bujf sa ffavj j bj`c ui jiêfosos na fjs proibopjfas rjzcias goijiboarjs na fj ahprasj bchpjrjinc jsè af bchpcrtjhoaitc na fcs júcs 04:=-04:?.  Tcsoboòi jbtujf na fj ahprasj. ]MCFBOH @JFJIBA EAIAPJF NJF 2: NA NOBOAH@PA A]TPARJNC AI HOFAR NA NCFJPAR BCNOE C

: :: ::40 :0 :04: :040 :2  

ICH@PA NA FJ BQAI^J

JB^OWC Oivarsocias Bjlj y @jibcs Buaitjs pcr Bc`rjr Bcharbocjias y ctrjs Buaitjs pcr Bc`rjr Bcharbojfas Buaitjs pcr Bc`rjr Goijioarjs Oivaitjrocs ^C^JF JB^OWC BCPPOAI^A :> Jb J btovc Golc Iatc

04:=

04:?

2,044 2,044 24,?7> 0?,57> :,044 ?4,=== :01,410 >2?,>1=

2,144 2,144 21,512 22,>12 0,244 :40,225 :>:,1?4 14>,>71

  04:=

04:?

4,7% 4,7% 1,1% 1,2% 4,0% :7,:% 00,0% 55,=%

4,1% 4,1% 1,1% 1,0% 4,>% :1,=% 0:,?% 5=,:%

 

 

:>40 Jbtovc Golc @rutc

   

     

   

:>4: :>4 : Napraso Naprasojboc jboci i Jbuhufj Jbuhufjnj nj ^ctjf Jbtovc Golc ^C^JF JB^OWC 0 TJROWC 0: Buaitjs pcr Tjejr Bcharbojfas y ctrjs 0:40 Buaitjs pcr Tjejr 00 Trastjhcs @jibjrocs 0> Buaitjs pcr Tjejr jf Tarscijf 01 C`foejbocias Jbuhufjnjs ^C^JF TJROWC BCPPOAI^A 01 Naunj Goijiboarj Fjrec Tfjzc ^ctjf Tjsovc Fjrec Tfjzc ^C^JF TJROWC 2 TJ^P J^POH OHC CIOC 2: Bjpotjf Rcbojf 20 Pasarvjs 204: Faejfas 22 Qtofonjnas Pataionjs ^C^JF TJ^POHCIOC ^C^JF TJROWC _ TJ^POHCIOC

>51,??4 1>>,022   (27,120   (2?,57= ) ) >2?,>1= 14>,>71 17>,1:4 7>7,411   5=,200 5>,2?? 5=,200 5>,2?? :0=,17: :71,22 :2,1?4 :2,1?4 >0,2?5 >0,2?5 0?1,5:7 070,=54 :4?,=52 ??,=57 :4?,=52 ??,=57 250,5>2 2?1,1?0   ?1,444 ?1,444 2>,=0? 2>,=0? 2>,=0? 7:,?2= :?:,575 17>,1:4

2>,=0? ::1,:2> 014,>72 7>7,411

=>,2%

=>,0%

-7,1% 55,=% :44,4%

-7,0% 5=,:% :44,4%

:2,?% :2,?% 00,=% 0,>% 5,1% >7,7% :?,1% :?,1% 77,4%

::,1% ::,1% 01,7% 0,:% 7,7% >1,=% :1,1% :1,1% 7:,0%

:7,=% 7,0%

:>,5% 1,>%

:7:,0 ,4%% 2>,4% :44,4%

:15,>,=%% 2=,=% :44,4%

Jiêfosos Goijiboarc Fj Bchp Bchpjú júèj èj av avjf jfüj üj su jb jbto tovc vcs s y pjso pjsovc vcs s go goij ijib iboa oarc rcs s axos axosta tait itas as ai tï tïrh rhoi oics cs na fcs fcs raquarohoaitcs na IOOG ?. Fj ahprasj buaitj bci ui jbtovc golc na >42,47? ai af 04:= y >2?,>1= ai af 04:? soainc aitra af 55,=% y 5=,:% naf tctjf na sus jbtovcs ai fcs júcs bcrraspcinoaitas. Bcisonarjinc qua j pasjr na fj naprabojboòi vahcs qua fj ahprasj hjitoaia jbtovcs sugoboaitas pjrj qua fj hoshj hjitaiej iovafas òptohcs pjrj su cparjboòi.^chjinc ai buaitj af jiêfosos na fj astrubturj na oivarsoòi na fj ahprasj MCFBOH hjitoaia uij rafjboòi na oivarsoòi jnabujnj bci raspabtc j fj jbtovonjn qua rajfozj, na`onc j qua jf sar uij ahprasj na prcnubboòi raquoara uij hjycr  oivarsoòi ai jbtovc golc bchc as naf 55,=% y uij oivarsoòi ai jbtovc bcrroaita qua raprasaitj af 00% naf jbtovc tctjf, taioainc ai buaitj qua fj hjycr prcpcrboòi naf jbtovc bcrroaita na`a astjr  nastoijnc ai fcs oivaitjrocs y ai af bjsc na fj ahprasj as naf 5>% naf jbtovc bcrroaita.

 

Erjnc na ainaunjhoaitc Tjsovc ^ctjf / (Tjtrohcioc Iatc + Tjsovc ^ctjf) *:44 2>4,=0?/100,=17*:44 8 71,:?% erjnc na ainaunjhoaitc 04:= 250,5>2/17>,1:4*:448 77,42% erjnc na ainaunjhoaitc 04:?  J sohpfa vostj vostj as ui rasuftjnc pròxohc jf 74% ic c`stjita c`stjita astê pcr aibohj pcr pcr fc tjitc astc astc soeiogobj qua Mcfboh na`arèj ranubor ui pcbc fj naunj. Na fj naunj tctjf qua toaia fj ahprasj 71.:?% prcvoaia na jeaitas axtarics. Ro jijfozjhcs bci hês prcguinonjn, sa jpraboj qua af pcrbaitjla hês jftc na fjs naunjs :=,=% y 00,=4%% na astj naunj prcvoaia na  fj naunj j Trïstjhcs @jibjrocs. @jibjrocs. Fc bujf ic as huy pcsotovc yj qua astjs naunjs eaiarji oitarasas. oitarasas. Fc onajf sarèj utofozjr astrjtaeojs jnabujnjs pjrj juhaitjr af pcrbaitjla na vaitjs, bci jfeuij pcfètobj qua parhotj ranubor af parocnc prchanoc na bc`rc na fjs buaitjs pcr bc`rjr pjrj qua fj ahprasj fcera taiar hjycr foquonaz. Fj ahprasj ahprasj MCFBOH MCFBOH mj `usbjnc `usbjnc goijib goijibojr ojr sus jbtovon jbtovonjna jnas s j trjvïs na pjtrohci pjtrohcioc oc ai fcs üftohcs júcs. Bcibfus Bci bfusoòi< oòi< Hanoji Hanojita ta fj oigcrhjb oigcrhjboòi oòi jijfozj jijfozjnj nj bcibfuoh bcibfuohcs cs qua pjrj ui jiêfoso jiêfosos s goij goijiboa iboarc rc bcisonarjhcs bcisona rjhcs fj oigcrhjboòi aitra ui júc y ctrc, pjrj pcnar pcnar ffaejr j c`taiar rasuftj rasuftjncs ncs qua ics jyunai j natabtjr fj sotujboòi abciòhobj y pcnar halcrjr fj parspabtovj na fj ahprasj ai fj tchj na nabosocias guturjs.

@o`focerjgèj Ljhas B. Wji Mcria. Lcmi H. Ujbmcwobz, L. (04:4). Guinjhaitcs na Jnhoiostrjboòi Goijiboarj . Hïxobc< TAJPRCI ANQBJBOÒI. Zuazjnj, O. H. (s.g.). Euèj Nonjbbj. Goijizjs : .  Fclj-Abujncr < ANOFCLJ Bèj. Ftnj.