trabajo de investigacic3b3n contabilidad ii

8/19/2019 Trabajo de Investigacic3b3n Contabilidad II

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UNIVERSIDAD NACIONAL“SANTIAGO ANTÚNEZ DE MAYOLO”

FACULTAD DE ECONOMÍA Y CONTABILIDADESCUELA PROFESIONAL DE CONTABILIDAD

TRABAJO DE INVESTIGACIÓN

“INTERPRETACIÓN DE LA SITUACIÓN FINANCIERA Y ECONÓMICA DE

LA EMPRESA SAGA FALABELLA S.A.A DE LOS AÑOS 200 Y 20!0”

P"#$#%&'() P)"*

ANAYA CARRILLO, MARCO ANTONIO

CERNA DOMÍNGUEZ, KELY

CHUQUILLANQUI CHARQUI, DANITZA

MACEDO RODRIGUEZ, IVAN TADEO

D)+#%*

CPCC. LUCIANO FERMÍN TINOCO PALACIOS

CICLO* III

SEMESTRE*20!!,I

-UARAZ ANCAS-20!!

1


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C)%%()

INTRODUCCIÓN

OBJETIVOS

CAPITULO I

MARCO TEÓRICO

I. ESTADOS FINANCIEROS...............................................................................

2.1. OBJETIVOS DE LOS ESTADOS FINANCIEROS.....................................6

2.2. FINALIDAD DE LOS ESTADOS FINANCIEROS.....................................7

II. ANÁLISIS E INTERPRETACIÓN DE LOS ESTADOS FINANCIEROS.............................3.1. OBJETIVO DEL ANÁLISIS E INTERPRETACIÓN DE LOS ESTADOSFINANCIEROS...........................................................................................8

3.2. FASES O PROCEDIMIENTOS PARA EL ANÁLISIS E INTERPRETACIÓNDE LOS ESTADOS FINANCIEROS...............................................................8

3.3. MÉTODOS DE ANÁLISIS DE LOS ESTADOS FINANCIEROS................10

3.3.1. MÉTODO HORIONTAL 10

3.3.2. MÉTODO DEL ANÁLISIS VERTICAL U ESTRUCTURAL 10

3.3.3. RATIOS FINANCIEROS 10III. SOBRE LA EMPRESA SA!A FALABELLA S A...................................................

IV. DEFINICIÓN DE TÉRMINOS........................................................................

CAPITULO II

ANÁLISIS E INTERPRETACIÓN DE LOS ESTADOS FINANCIEROS

1.1. ANÁLISIS VERTICAL........................................................................18

1.2. ANÁLISIS HORIONTAL " TENDENCIAS...........................................20

1.3. ANÁLISIS DE RATIOS.......................................................................21

A. RATIOS# $NDICE O RAONES DE LI%UIDE 21

B. RATIOS# $NDICES O RAONES DE !ESTIÓN O ROTACIÓN 23

C. RATIOS# $NDICES O RAONES DE SOLVENCIA OENDEUDAMIENTO 2&

CONCLUSIONES

BIBLIO!RAF$A

ANE'OS

2


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INTRODUCCIÓN

T()* +,-+/* ( +/ )+ 45( +/-+*4,++ ++ 4* ++/)*) )+

-(+/* /5 (,*9 (*:4+# 4*/ ;5+ +/-()+ * 4* *-4*9 )+

(,*/ (*:4+/ -** +4 **,+( )+ 4(/


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P( ()( 4( ,+(*)( (/((/ + 5+/* 59 (,( +/5)*+/

5?+/*(/ )+ 4* +/-+*4)*) )+ C(*:4)*) (/ ?+,(/ ?(45*)(/

( +/(/ *(+,+(/ = )+( )+ 4*/ *?)*)+/ -(@*,*)*/ + 4*

*/@*5* )+ C(*:4)*) II )+/*(44*,(/ +4 -+/++ *:*>( )+

?+/@*9 )+(,*)(G “FORMULACIÓN E INTERPRETACIÓN DE LOS

ESTADOS FINANCIEROS DE LA EMPRESA COMERCIAL SAGA

FALABELLA” -** *4 ++(


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OBJETIVOS

OBJETIVO GENERAL

A*4* + I+-+* 4(/ +/*)(/ *+(/ )+ 4* E,-+/*

SA!A FALABELLA S.A. )+ 4(/ -+()(/ 200 K 2010.

OBJETIVOS ESPECÍFICOS

− A*4* + +-+* 4(/ E/*)(/ F*+(/

(+/-()++ * 4(/ +>+(/ )+ 4(/ *(/ 200 = 2010

-( +4 M()( H((*4.− A*4* + +-+* 4(/ E/*)(/ F*+(/

(+/-()++ * 4(/ +>+(/ )+ 4(/ *(/ 200 = 2010

-( +4 M()( V+*4.− A*4* + +-+* 4(/ E/*)(/ F*+(/

(+/-()++ * 4(/ +>+(/ )+ 4(/ *(/ 200 = 2010 )+

*5+)( * 4(/ *(/ *+(/ ,/ (,5+/.

6


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CAPITULO I

MARCO TEÓRICO

7


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I. ESTADOS FINANCIEROS

L(/ +/*)(/ F*+(/ /( *;5+44(/ +/*)(/ ;5+ -(?++

(,*9 +/-+( * 4* /5*9 +(9,* = *+* )+ 5*

+,-+/*# 4( 5*4 +/ )+ @* *=5)* -** 4(/ 5/5*(/ + 4* (,* )+

)+/(+/ )+ 5* +,-+/*# ;5+ +/ 4 -** 4(/ 5/5*(/ + 4* (,* )+

)+/(+/ + 4( ;5+ +/-+* * 4* +,-+/*.

S( 5*)(/ ;5+ -+/+* + (,* //+,* = ()+*)*

)?+/(/ */-+(/ )+ 4* /5*9 *+* = +(9,* )+ 5*

+,-+/*# )+ *5+)( ( 4(/ --(/ )+ (*:4)*) @++*4,++

*+-*)(/1

L(/ +/*)(/ *+(/ (/5=+ 5* +-+/+*9+/55*)* )+ 4* /5*9 *+* = )+4 )+/+,-+( *+( )+

5* +)*)2.

S( +4 +/54*)( )+ (>5@* 4(/ +( )+ /5,/* (,*9 * 4(/ ++/*)(/ + 5

+@((# *+* )+ 4* /5*9 = )+/*(44( *+( * ;5+


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/ P+/+* *(*:4+,++ 4* (,*9 *+* )+ 4*

/5*9 *+*# 4(/ +/54*)(/ )+ 4*/ (-+*(+/ = 4(/

5>(/ )+ ++?( )+ 4* +,-+/*&.

/ A-(=* * 4* @++* + 4* -4*+*9# (@**9 )+9

= ((4 )+ 4(/ +@((/.

/ S+? )+ :*/+ -** 4* (,* )+ )+/(+/ /+* +(9,*/

(,( *+*/.

/ R+-+/+* 5* +?(/ +/*:4+)(/ *+(,++#

/5,/*)( (,*9 *+* )+ 4(/ /@5++/ +4+,+(/

)+ 5* +)*)G A?(/# P*/?(/# P*,((# I@+/(/ =

@*/(/# + 4(/ ;5+ /+ 45=+ 4*/ @***/ = -))*/

A-(*(+/ )+ 4(/ -(-+*(/ F45>(/ )+ ++?(.

/ E/* (,*9# (>5*,++ ( 4*/ (*/# *=5)* * 4(/

5/5*(/ * -+)+ 4(/ 5>(/ )+ ++?( 55(/ )+ 4* +)*)

=# + -*54*# /5 )/:59 +,-(*4 = /5 @*)( )++)5,:+.

II. ANLISIS E INTERPRETACIÓN DE LOS ESTADOS FINANCIEROS

& R+/(459 CONASEV N 103EF Q &.10

NIC N1 P+/+*9 )+ 4(/ E/*)(/ F*+(/


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E/ 5 -(+/( ;5+ :5/* +?*45* 4* /5*9 *+* )+ 4*

+,-+/* = /5/ +/54*)(/# ( +4 )+ +?*45* +/,*(+/ -** +4

55(. S+ +*4* +/*:4++)( +4*(+/ ++ 4(/ (,-(++/ )+

4(/ +/*)(/ *+(/.

E/*/ +4*(+/ ++ 4(/ (,-(++/ (/ -5+)+ )* )+/#

-(-((+/ ( -(+*>+/ + ((/ */(/ (/ )* -4*(/# + +/(/

*/(/ (/ )* ?*4(+/ ,(+*(/. T()(/ +/(/ )*(/ /?+ -**

+?*45*.

T()(/ 4(/ +/*)(/ *+(/ -5+)+ /+ **4*)(/# +/ +( ;5+

4(/ ,/ +4+?*+/ /( +4 E/*)( )+ S5*9 F*+* = +4 E/*)( )+

R+/54*)( I+@*4# -+( 4* (,*9 )+ 5 ( +>+( /+

/5++ / /+ ;5++ +/*:4++ ?**(+/ = )++,*

+)+*/.

C( +4 *4// /+ :5/* )+* 4*/ *5/*/ )+


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, D++,* +4 +),+( )+ 4* ?+/9G

, D++,* 4* ++* )+ 4* @+/9 @++*4 = +/*:4++4*/ /5*(+/ )+ +;54:(.

, E :*/+ * 4* (,*9 -+/+*)* +4 **4/* *+(#-() -4*+* +(,+)*(+/ -** (+@ /5*(+/ )+)+/+;54:( / 4*/


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-+/+*9 = (,54*9 )+ 5+*/# (,( + *;5+44*/+4*?*/ * 4* (/59 = /5+/?*/ ,()*(+/# /+/(/ /+ +5+* +@/*)(/ + 4(/ R+@/(/ P:4(/ ((.

, L'8)"'47 **4* 4* (,*9 (*:4+ )+/)+ 4*-+/-+?* )+ 4(/ )++*)(+/# ;5++/ /( 4(/ ;5+ (:5=+ * 4*@++*9 )+ 54)*)+/ )+ 5* +,-+/*. E/ -( +/* *9;5+ +44(/ )+,*)* )+ +/* (,*9.

, C)%&'84#7 **4* 4* (,*9 (*:4+ (,( +-(+*4 (:+)( * *?/ )+ 5 -(+/( (*:4+ ;5+ +;5++)+ 5++/ -+/*/ = (*:4+/.

8. I%"3"#&'&:)

E +/+ +4+,+( /+ **4* )+ 5* ,*+* -(5)* +4(+)( )+ 4* (,*9 *+*# ?*4(*)( 4* ,*@+)+ 4* +,-+/* ++>*)* + 4(/ +/*)(/ *+(/.

, F%'%+#")7 *;5 /+ **4* +4 -*,(( )+ 5* +,-+/*(/)+*)( 4*/ 5*4)*)+/ *+*/ ;5+ ++ ()(/4(/ +4+,+(/ -*,(*4+/# 4(/ *?(/ -( /5 @*)( )+)/-(:4)*)# -*/?(/ -( /5 @*)( )+ +@:4)*).

, E+)%;+)7 **4* 4* /5*9 +(9,* )+ 4* +,-+/*#-** +44( *-4*+,(/ +/ -(/ )+ *4//G

, A%


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, A%


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A. RATIOS> ÍNDICE O RAZONES DE LI?UIDEZÉ/(/ )*)(+/ ,5+/* +4 ?+4 )+ /(4?+**+* )+ 4* +,-+/* -** +4 (( -4*(. E-+/* 4**-*)*) )+ 4*+,-+/* -** 5,-4 ( /5/ (:4@*(+/)+ (( -4*(G

!. R'@;% (# L5(#@ G#%#"'4

U* *9 )+ 4;5)+ !++*4 ,*=( * 1# )*;5+ -** 4(/ *?(/ 54*+/ )+ 4* +,-+/* +//+)( **)(/ ( *-*4+/ )+ 4*@( -4*(.

Activo Corriente

Pasivo Corriente

I)* +4 @*)( )+ (:+5* ;5+ ++ 4(/ *?(/)+ ,*=( 4;5)+ /(:+ 4*/ (:4@*(+/ )+ ,+(?+,+( ( ,*=( +@:4)*). S+ *454*)?)+)( 4(/ *?(/ (++/ ++ 4*/ )+5)*/ )+(( -4*(.

C5*( ,/ +4+?*)( /+* +4 (+++ *4**)(#,*=( /+ 4* *-*)*) )+ 4* +,-+/* -** /*/*+4*/ )+5)*/ ;5+ ?++ * (( -4*(.

2. P"5#8' A+('

Activo Corriente− Existencias−Gastos Anticipados PasivoCorriente

R+-+/+* 5* ,+))* ,/ )+* )+ 4*/(4?+* *+* )+ (( -4*( )+ 4* +,-+/*# *4(,* + (/)+*9 4(/ ?+4+/ )+ 4;5)+ )+ 4(/(,-(++/ )+4 *?( 54*+. S+ *454* (,( 4*+4*9 ++ 4(/ *?(/ (++/ )+ ,*=( @*)()+ (?+:4)*) + ++?(# = 4*/ (:4@*(+/ )+

(( -4*(1. P"5#8' D##%$:'

Efectivo y Equivalente de Efectivo

Pasivo Corriente

E/ 5* -5+:* ++,* + 5*( * 4* +@+* (/+?+)*)# /(4*,++ (/)+* 4*/ -*)*/ ,/

1&


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4;5)*/ )+ 4* +,-+/*. P+( (/)+*)( +4 5+?(,*5*4 )+ (,*9 *+* )+ CONASEV.

. C'3&'4 (# T"'8')

Activo Corriente− PasivoCorriente=Capital de Trabajo

N( +/ 5* *9 ( (+++ -( ;5+ ( ,5+/*5 -(+*>+. E/ 5 ?*4( ,(+*(# 5 ,*=( *-*4)+ *:*>( +-+/+* 5* ,*=( 4:+*) )+ *9-** ;5+ 4* +,-+/* -5+)*


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B. RATIOS> ÍNDICES O RAZONES DE GESTIÓN OROTACIÓN

P+,+ ,+) 4* +** )+ 4* @+/9 )+ 4* +,-+/*#)+ 4(/ @+++/ ( *),/*)(+/# 5* :5+* @+/9 +/+/54*)( )+ -(4*/ *)+5*)*/ )+ ?+*/# (:**/ +

?+/(+/.

. R)&'+;% (# E$%+'$

C5*)( ,/ ,*=( /+* +4 ,+( )+ (*(+/#,*=( /+ 4* +** ( 4* ;5+ /+ *),/* 4(/?+*(/ )+ 4* +,-+/*.

Costo deventas

Inventario Promedio de Existencias

D++,* +4 ,+( )+ ?++/ ;5+ (* 4(/?+*(/ )5*+ +4 *(# )*)( 4* ?+4()*) (;5+ +/(/ /+ +5+?+ ,+)*+ 4* ?+*.

. P4'@) 3")#() (# %):4@'+;% (# #$%+'$

U ,+( ,+( )+ )*/ ,-4* 5 ,*=( ?+4)+ *?)*)# = -( *(# 5 ,*=( ?+4 )+ 4;5)+-** 4*/ +/+*/# -*+ +@*+ )+ 4(/ *?(/54*+/ ;5+ /?+ )+ +/-*4)( * 4*/ (:4@*(+/

)+ (( -4*(. Existencias x360dias

Costosde ventas

I)* +4 ,+( )+ )*/ ;5+# + -(,+)(# 4(/-()5(/ +,*)(/ -+,*++ )+( )+ 4(/?+*(/ ;5+ ,*++ 4* +,-+/*.

H. R)&'+;% (# %5#84#$> '5%'"' #53)

Ventas Netas Inmuebles , maquinaria y equipo Neto

de depresiacion

S+ *454* )?)+)( +4 ?+4 )+ ?+*/ +*/++ +4 ,(( )+ ?+/9 + :++/ )+ *-*4# = -(*(# ,)+ 4* ++* +4*?* ( 4* 5*4 4*+,-+/*


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. R)&'+;% (#4 A+&:) &)&'4

Ventas netas

Activo total

M)+ +4 @*)( )+ ++* ( +4 5*4 4* +,-+/** 54*)( +4 (*4 )+ /5/ ?+/(+/ -** @++*?+*/. U ,*=( )*)( +-+/+* 5* ,*=(++* + +4 5/( )+ 4(/ *?(/ *4+/ -** @++*?+*/.

. R)&'+;% (# +5#%&'$ 3)" +)8"'" +)#"+'4#$

Ventas Netas

Promedio de Cuentas por cobrar Comerciales

I)* 4* ?+4()*) + ;5+ /+ +5-+* 4(/)(/ (+))(/ + (/+5+*# /+ (/5=++ 5 )*)( )+ 4* ++* )+ 4*/ -(4*/ )+)( = (:** *-4*)*/ -( 4* +,-+/*

!0. P4'@) 3")#() (# +)8"'%@'

( Promedio de Cuentas por Cobrar)(360)Ventas anuales alcrdito

D++,* +4 ,+( )+ )*/ ;5+ + -(,+)()+,(* 4* +,-+/* -** (:* 5 )(.

!!. R)&'+;% (# C5#%&'$ 3)" P'9'"

Compras anuales al crdito

Promedio de Cuentas por Pa!ar

I)* 4* ?+4()*) ( 4* ;5+ 4* +,-+/* -*@* /5/)(/ ;5+ (:++ + /5/ (,-**/. U* ,*=(

?+4()*) )* ,*=( @*)( )+ 5,-4,+( =-(/:4)*) )+ *+)+ * ,+>(+/ ()(+/ )+(,-* ,/ )+/5+(/.

C. RATIOS> ÍNDICES O RAZONES DE SOLVENCIA OENDEUDAMIENTO

M5+/* 4* *-*)*) )+ 4* +,-+/* -** 5,-4 (/5/ (:4@*(+/ + +4 4*@( -4*(. E/* *-*)*))+-+)+ )+ 4* (+/-()+* ;5+ +/* ++ +4 -4*(

17


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-** +5-+* 4*/ ?+/(+/ = 4(/ -4*(/ )+ ?+,+()+ 4*/ (:4@*(+/ (*)*/ ( ++(/.

!2. E%(#5('#%&) T)&'4

Pasivo Total Activo Total

U ,*=( *-*4**,+( *+( ,-4* 5,*=( **,+( * *?/ )+ )+5)*/ (++(/# = -( *(# 5 ,*=( +/@( *+( = 5*,+( /(4?+* -** 4* +,-+/*.

S+ (/5=+ + 5 )*)( ( ,+))* )+4 +/@(*+( )+ 4* +,-+/*# = )+-+)+ )+ 4* -(4**+* ;5+ *-4* 4* +,-+/*.

!1. R'@;% (# +)8#"&5"' (#4 A+&:) K)

"euda a lar!o pla#o+ patrimonio Activo $ijoneto

C5*( ,*=( /+* +4 ++/( )+ +/+ *( /(:+ 4*5)*)# 5* ,*=( -(-(9 )+ 4(/ *?(/54*+/ )+ 4* +,-+/* +/* **)* (*-*4+/ -+,*++/ ( )+ 4*@( -4*(# (*)( 4*+,-+/* ( 5* ,*=( /(4?+* *+*.

!. C)8#"&5"' (# %"#$#$

%tilidad antes de intereses y de impuestos

Intereses

M)+ +4 ,+( )+ ?++/ + ;5+ 4*/ 54)*)+/(-+*?*/ )+ 4* +,-+/* 5:+ +4 -*@( )+ ++/+/-(?+++/ )+ 4*/ (:4@*(+/ ( /5/ *++)(+/.

D. RATIOS> ÍNDICES O RAZONES DE SOLVENCIA OENDEUDAMIENTO

M)+ 4* *-*)*) )+ 4* +,-+/* -** -()5@***/ -( +/( /( )+ 4* ,*=( ,-(** -** 4(/5/5*(/ )+ 4* (,*9 *+*. S( 4(/ *(/ ;5+#

18


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+ --(# )++,* +4 ( ( +4 **/( )+ 4*+,-+/*.

!. R#%&'84('( (#4 A+&:) T)&'4

%tilidad Neta Activo Total

M5+/* 4* +*:4)*) -()5)* -( 4*/?+/(+/ (*4+/.

!. R#%&'84('( B"5&' $)8"# V#%&'$

%tilidad &ruta

Ventas

E/ 5* 54)*) :5* ;5+ 4* +,-+/* (:++. E+,-+/*/ )+ ?+* )+ -()5(/ )+ (/5,( ,*/?(#+/+ ,*@+ /5+4+ /+ -+;5+( -(+5*4,++# -+(+ ,(/ ,(+*(/ /+ -(+* -( +4 ?(45,+ )+4*/ ?+*/.

!H. R#%&'84('( N#&' $)8"# V#%&'$

%tilidad NetaVentas

R+4*(*)* 4* 54)*) *4# +/ )+ 4* 54)*))+/-5/ )+ -*-*(+/ + ,-5+/(/ ( 4*/?+*/. N(/ )* ;5+ -(-(9 )+ 4*/ ?+*/ /+;5+)* *4,++ (,( 54)*) +*.

!. R#%&'84('( $)8"# %:#"$;%

¿(%tilidad Neta+ Intereses)(1−t )¿

Activo total¿

Dónde: t es la tasa del impuesto a la renta. En Perú 30%

E/+ *( ,)+ 4* +** ( 4* ;5+


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!. R#%&'84('( $)8"# 4)$ +'3&'4#$ 3")3)$

E/ ,-(*+ ,+(* ;5+ + 4* ,+))* + ;5++4 (/( )+ 4* )+5)* /+* +( *4 +),+(+(9,( )+ 4(/ *?(/ ,*=( /+ 4* +*:4)*)

(:+)* -( +,* )+4 +),+( )+4 +@(( -**4(/ -(-+*(/ )+ 4* +,-+/*.

%tilidad neta

Patrimonio neto

C(()* *,: (,( +*:4)*) *+*#(/)+* 4(/ ++(/ )+4 *-*4**,+( *+(/(:+ 4* +*:4)*) )+4(/ *(/*/.

III.SOBRE LA EMPRESA SAGA FALABELLA S A

L* +,-+/* SA!A FALABELLA S. A. ( RUCG 2010012806# +/ 5*S(+)*) A9,* ;5+ 9 /5/ *?)*)+/ +4 11 )+ N(?+,:+ )+13 = /+ )+)* * 4* (,+*4*9 )+ -()5(/# (,( -+)*/)+ ?+/ *(*4+/ ( +*>+*/# +4+()(,/(/# 4+* :4**#-()5(/ (,(/# ,5+:4+/# ++ ((/.

IV. DEFINICIÓN DE T=RMINOS

A%


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R+4*9 +/*:4+)* ++ 4*/ -*)*/ 5+*/ ;5+ @5* +4(/ +/*)(/ *+(/ -** +>5* 4* +/55* = +?(459+(9,* F*+* )+ 4*/ +,-+/*/. S( )*)(+/ )+)++,*)* /5*9.

Í%(+#$ F%'%+#")$

C(++/ 5,(/ ;5+ ,)+ * +4*9 ;5+ +/+ ++)++,*)*/ 5+*/ )+ 4(/ +/*)(/ *+(/ )+ 4*/ +,-+/*/#=* /+* (,*)( )?)5*4,++ ( *@5-*)( -( /+(+/ (*,*(/.

E/(/ )+/ /( )+ 5* @* ?*+)*) = /+ 54* + 4*+?*45*9 )+ 4*/ +,-+/*/ = 4* @+/9 +,-+/**4# +/ )+#++>* 4* /5*9 )+ 4* +,-+/*# 4* ++* ( ;5+ *)( )+/*(44*)( /5/ (-+*(+/ = +4 @*)( )+ (+9

( +4 ;5+ *)( 4(/ +5/(/.

N( (:/*+ 4* ?*4)+ +(()* )+ 4(/ )+/ *+(/#+/(/ -+/+* *4@5*/ 4,*(+/ *( + /5 /@*)( (,(+ /5 +-+*9# ;5+ ?** /+@ /5 +(;5+ )+/)+ +4 -5()+ ?/* )+ +,-+/*(/# :*;5+(/# ?+/(/*/ ( *++)(+/.

U/5*4,++ 4(/ )+/ /+ +-+/* + (,* 5,* = +/ ,5=(++ ;5+ /+ 4+/ (/)++ (,( 5* ,+))* +**. C(+5+* 4(/ +,-+/*(/ (/)+* ;5+ 4(/ +/*)(/ (*:4+/

++>* ( +*5) 4* +*4)*) +(9,* )+ 4* +,-+/*# /+,:*@(# -** 4(/ +/ )+ +/+ *:*>( +/54* (?+++**4* ( ,*=( )+*44+ /5 /@*)( * )+ ++ 5* )+*,/ *-(,*)* )+ 5* +*4)*) (+*.

T*)(*4,++ 4(/ 4:(/ )+ +(


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CAPITULO II

ANLISIS E INTERPRETACIÓNDE LOS ESTADOS FINANCIEROS

22


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P** +4 *4// )+ 4(/ E/*)(/ F*+(/ /+ ++ (,( +++*4* I(,*9 )+ 4(/ A+(/ NW 01 E/*)( )+ S5*9 F*+* =+4 A+( NW 02 E/*)( )+ R+/54*)(/.

!.!.ANLISIS VERTICAL

− A4// -** +4 E+?( = E;5?*4++ )+ E+?(− P** +4 A( 2010

T*:4* NW 01E+?( = E;5?*4++ )+ E+?( = A?( C(++ ( R+/-+( *4

A?( T(*4 + +4 *( 2010 + ,4+/ )+ N5+?(/ S(4+/

E+?( = E;5?*4++ )+ E+?( 81#663

A?( C(++18#1&

3

A?( T(*476#28

7

E+?( = E;5?*4++ )+ E+?( ( +/-+( *4A?( T(*4 8.36

A?( C(++ ( +/-+( *4 A?( T(*43.07

Fuente: CONASEV

r!"#o N$ 0

E+?( = E;5?*4++ )+ E+?( ( +/-+( * 4 A?( T(*4

8.36

F3.07

E4 A4// (/ )+ ;5+ +4 E+?( = E;5?*4++ )+ E+?(+-+/+* +4 8.36 )+4 A?( T(*4 = +4 A?( C(++ +43.07. L* E,-+/* ++ 5 ,+)*)( -(+*>+ )+ (,( A?(

C(++ + +4 *( 2010.

− P** +4 A( 200

T*:4* NW 02E+?( = E;5?*4++ )+ E+?( = A?( C(++ ( R+/-+( *4

A?( T(*4 + +4 *( 200 + ,4+/ )+ N5+?(/ S(4+/

E+?( = E;5?*4++ )+ E+?( 26#87

A?( C(++ 38#883

A?( T(*4 80#87E+?( = E;5?*4++ )+ E+?( ( +/-+( *4A?( T(*4 3.32

23


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A?( C(++ ( +/-+( *4 A?( T(*4 &.2Fuente: CONASEV

r!"#o N$ 0&

E+?( = E;5?*4++ )+ E+?( ( +/-+( *4 A?( T(*4

3.32

&J.2F

E4 A4// (/ )+ ;5+ +4 E+?( = E;5?*4++ )+ E+?(+-+/+* +4 3.32 )+4 A?( T(*4 = +4 A?( C(++ +4&.2. L* E,-+/* ++ 5 :*>( -(+*>+ )+ (,( E+?( =E;5?*4++ )+ E+?( + +4 *( 200.

− A4// -** 4(/ R+/54*)(/ A5,54*)(/

T*:4* NW 03R+/54*)(/ A5,54*)(/ ( R+/-+( A4 A?( T(*4 + 4(/ *(/ 200 =

2010 E ,4+/ )+ N5+?(/ S(4+/

A(/

2010 200

P(+*>+ 2.1 2&.&6R+/54*)(A5,54*)( 283 18#108

A?( T(*4 76#287 80#87Fuente: CONASEV

r!"#o N$ 03

2010 200J

2J.1J

2&.&6

R+/547*)(/ A5,54*)(/ ( R+/-+7( A4 A7?( T(7*4 + 4(/ *E(/ 200J = 2010

AE(/

2&


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E4 A4// )+ ;5+ +4 R+/54*)( A5,54*)( +-+/+* +4

2.1 )+4 A?( (*4 + +4 *( 2010 = +4 2&.&6 + +4 *( 200 .

2


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− A4// -** +4 C(/( )+ V+*/

T*:4* NW 0&C(/( )+ V+*/ ( R+/-+( A4 T(*4 )+ V+*/ + 4(/ *(/ 200 = 2010

E ,4+/ )+ N5+?(/ S(4+/

A(/

2010 200

P(+*>+ 68.63 71.6

C(/( )+ V+*/ 1#268#000 1#16#&&2

T(*4 )+ V+*/ 1#8&7#73 1#626#687Fuente: CONASEV

r!"#o N$ 0'

2010 200J

68.63

71.6F

C(/( )+ V+*/ ( R+/-+( A4 T(*4 )+ V+*/ + 4(/ *(/ 200J = 2010

E4 A4// )+ ;5+ +4 C(/( )+ V+*/ +-+/+* +4 68.63 )+4*/ V+*/ T(*4+/ + +4 *( 2010 = +4 71.6 + +4 *( 200 4(;5+ )* ;5+ 4* +,-+/*


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2007 2008 200J 2010

2Ͷ

&3#216

26#8J7

81#663

E+?( = E;5?*4++/ *4 E+?(

E ,4+/ )+ N5+?(/ S(4+/O

A(/

C(,( /+ -5+)+ (:/+?* + +4 !( NW 0# E4 E+?( = E;5?*4++ )+E+?( ++ + +4 *( 2008# -+( )/,5=+ + +4 *( 200 = 5+?*,++++ +/-+*54*,++ + +4 *( 2010.

r!"#o N$ 0)

2007 2008 200J 2010

6#786

7#&J3 7#FFF

7#3&7

C5+*/ -(. C(:.*. C(,+.*4+/

E ,4+/ )+ N5+?(/ S(4+/O

A(/

C(,( /+ -5+)+ (:/+?* + +4 !( NW 06# 4*/ C5+*/ -( C(:*C(,+*4+/ ++ + +4 *( 2008# ++ /@*+,++ + +4 *( 200)+++ + +4 *( 2010.

!.1.ANLISIS DE RATIOS

A. RATIOS> ÍNDICE O RAZONES DE LI?UIDEZ

!. R'@;% (# L5(#@ G#%#"'4E 4(/ +/54*)(/ ;5+ /+ ,5+/* * (5*9 ?+,(/ ;5+ 4*

P(/9 )+ 4;5)+ )+ 4* +,-+/* (*)( + +4 *( 2010 (+/-+( *4 *( *+(.

− P** +4 A( 2010

'iquide#General= ActivoCorriente

PasivoCorriente=

518,143

511,397=1.01=101

E4 *?( (++ ++)+ *4 -*/?( (++ + 1.

− P** +4 A( 200

27


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'iquide# General= Activo Corriente

Pasivo Corriente=

398,883

447,825=0.89=89

E4 *?( (++ +/ +( *4 -*/?( (++.

2. P"5#8' A+('

C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 (* + 4* 4;5)+# ,+))* ( +/* -5+:* *)*# 4*/(4?+* )+ (( -4*( (*)(.

− P** +4 A( 2010

Prueba Acida= Activo Corriente− Existencias−Gastos Anticipados

PasivoCorriente =

185,547

511,397=0.36=36

E4 ++?( = 4(/ +;5?*4++/ )+ ++?(# /5,*)(/ * 4*/?+/(+/ *+*/ = 4*/ 5+*/ -( (:*# -5+)+ 5: +436 )+ 4(/ -*/?(/ )+ (( -4*( + +4 *( 2010.

− P** +4 A( 200

Prueba Acida= Activo Corriente− Existencias−Gastos Anticipados

PasivoCorriente =

123,696

447,825=0.28=28

E4 ++?( = 4(/ +;5?*4++/ )+ ++?(# /5,*)(/ * 4*/?+/(+/ *+*/ = 4*/ 5+*/ -( (:*# -5+)+ 5: +436 )+ 4(/ -*/?(/ )+ (( -4*( + +4 *( 200.

1. P"5#8' D##%$:'C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 4* +,-+/*

(*)( + /5 -(/9 )+ 4;5)+ )+ ,5= (( -4*(.

− P** +4 A( 2010

Prueba "efensiva= Efectivo y Equivalente de Efectivo

Pasivo Corriente =

81,663

511,397=0.16=16

L(/ +5/(/ ,/ 4;5)(/ +4 )+(# 4(/ )+-9/(/ = ((/*?(/ (/)+*)(/ -( 4* @++* (,( +;5?*4++/ )+ ++?(-()* /+ 5/*)(/ -** *+4* )+ ,+)*(# +4 16 )+ 4(/-*/?(/ (++/ + +4 *( 2010.

− P** +4 A( 200

Prueba "efensiva= Efectivo y Equivalente de Efectivo

Pasivo Corriente =

26,897

447,825=0.06=6

28


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L(/ +5/(/ ,/ 4;5)(/ +4 )+(# 4(/ )+-9/(/ = ((/*?(/ (/)+*)(/ -( 4* @++* (,( +;5?*4++/ )+ ++?(-()* /+ 5/*)(/ -** *+4* )+ ,+)*(# +4 6 )+ 4(/ -*/?(/(++/ + +4 *( 200.

.. C'3&'4 (# T"'8')

C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 +4 C*-*4 )+ T*:*>( (*)( *5,+*)( ( +/-+( *4 *( *+(.

− P** +4 A( 2010

CapitaldeTrabajo= ActivoCorriente− PasivoCorriente=6,746

D+ ()(/ 4(/ A?(/ C(++/ )+ 4* +,-+/*# SQ6#7&6#000.00


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B. RATIOS> ÍNDICES O RAZONES DE GESTIÓN O ROTACIÓN

. R)&'+;% (# E$%+'$

(otaci)nde Existencias= Costo de ventas

Inventario Promediode Existencias

=1,268,000

294,559=4.30

N(/ )+ ;5+ 4*/ +/+*/ (* &.3 ?++/ *4 *(.

. P4'@) 3")#() (# %):4@'+;% (# #$%+'$C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 200 4* (*9

+/ ,+>( ;5+ + +4 *( 2010.

− P** +4 A( 2010

Existencias x360dias

Costosde ventas =116,301,600

1,268,000 =91.72d*as

L*/ +/+*/ -+,*++ + *4,* + -(,+)( 1.72 )*/+ +4 *( 2010.

− P** +4 A( 200

Existencias x360dias

Costosde ventas =

95,780,520

1,165,442=82.18d*as

L*/ +/+*/ -+,*++ + *4,* + -(,+)( 82.18 )*/+ +4 *( 200.

H. R)&'+;% (# %5#84#$> '5%'"' #53)C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 /+ <

-()5)( 5* 4@+* ,+>(* ( +/-+( *4 *( 200.

− P** +4 A( 2010

Ventas Netas

Inmuebles , maquinaria y equipo Netode depresiacion

=

1,847,573

353,343 =5.23

L* +,-+/* (/ + +4 *( 2010.

− P** +4 A( 200

30


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Ventas Netas

Inmuebles , maquinaria y equipo Neto

dedepresiacion

=1,626,687

315,178=5.16

L* +,-+/* (/ + +4 *( 200.

. R)&'+;% (#4 A+&:) &)&'4C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 200 *)* 5+?(

/(4 )+ 4(/ *?(/ )+ 4* +,-+/*


32/36

Pasivo Total

Activo total=

490,259

809,897=0.61=61

E4 -*/?( (*4 *4** +4 61 )+ 4(/ *?(/ ( ?+/(+/# )+ 4(;5+ /+ )+)5+ ;5+ /(4*,++ +4 3 )+ 4*/ ?+/(+/ +/**)( -( *-*4+/ -(-(/ + +4 *( 200.

D. RATIOS> ÍNDICES O RAZONES DE SOLVENCIA OENDEUDAMIENTO

!0. R#%&'84('( (#4 A+&:) T)&'4C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 4*

+*:4)*) 5+ 4@+*,++ ,*=(.

− P** +4 A( 2010

%tilidad Neta Activo Total

=146,827976,287

=0.15=15

D5*+ +4 2010# *)* 5+?( /(4 )+4 *?( (*4 -()5>( 5*54)*) +* )+ SQ0.1.

− P** +4 A( 200

%tilidad Neta

Activo Total =

88,629

809,897=0.11=11

D5*+ +4 200# *)* 5+?( /(4 )+4 *?( (*4 -()5>( 5*54)*) +* )+ SQ0.11.

!!. R#%&'84('( N#&' $)8"# V#%&'$C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 4*

+*:4)*) 5+ 4@+*,++ ,*=(.

− P** +4 A( 2010%tilidad Neta

Ventas =

146,827

1,847,573=0.08=8

D5*+ +4 2010# *)* 5+?( /(4 )+ ?+*/ ;5+ @++* 4*+,-+/*# SQ0.08 /+ ;5+)* *4,++ ( 4* 54)*) +*.

− P** +4 A( 200

%tilidad Neta

Ventas =

88,629

1,626,687=0.05=5

D5*+ +4 200# *)* 5+?( /(4 )+ ?+*/ ;5+ @++* 4*+,-+/*# SQ0.0 /+ ;5+)* *4,++ ( 4* 54)*) +*.

!2. R#%&'84('( $)8"# 4)$ +'3&'4#$ 3")3)$

32


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%tilidad neta

Patrimonio neto

C(,-**)( 4(/ +/54*)(/ ?+,(/ ;5+ + +4 *( 2010 4*+*:4)*) 5+ ,*=(.

− P** +4 A( 2010%tilidad Neta

Patrimonio Neto=

146,827

408,527=0.36=36

D5*+ +4 2010# +4 -*,(( +( -()5>( 5* +*:4)*) )+36.

− P** +4 A( 200

%tilidad Neta

Patrimonio Neto=

88,629

319,638=0.28=28

D5*+ +4 200# +4 -*,(( +( -()5>( 5* +*:4)*) )+28.

33


34/36

CONCLUSIONES

− D+ *5+)( *4 *4// )+ 4(/ E/*)(/ F*+(/ * 4* E,-+/* SA!A

FALABELLA S.A. 4+ 5+ ,+>( + +4 *( 2010 ( +/-+( *4 *( 200.− E4 *4// + +-+*9 )+ 4(/ )+ 4(/ E/*)(/ F*+(/ (/

@++* 5* )?+/)*) )+ +/54*)(/ )/-(:4+/ -** 4* (,* )+

)+/(+/.− E 4(/ +/*)(/ *+(/ )+ 4* +,-+/* SA!A FALABELLA S.A.

(,-(:*,(/ ;5+ 5,-4+ ( 4*/ **+/*/ )+G +4+?**#

*:4)*)# (,-**:4)*) = (,-+/:4)*) )+ *5+)( * 4* NIC 1.− L(/ +/*)(/ F*+(/ (/5=+ 5* +-+/+*9 +/55*)*

)+ 4* /5*9 *5*4 + ;5+ /+ +5+* 5* +,-+/*. K -** /5

+4*:(*9 )+:+ ++ + 5+* 4*/ +@4*/ 4**/ )+ /+@5,+(

@++*4 ( +4 )+ ;5+ /+* )+)@(/ = (,-**:4+/# */ -()+

?+ 4* +*:4)*) )+ 4* +,-+/*.− P** +*4* E4 *4// (,-**?( +/ ++/*( ++ 4*/ /@5++/

**+/*G

P(/++ )(/ ( ,/ +/*)(/ *+(/ 4*/*)(/5(,+,++# ( +4 -(-9/( )+ ;5+ +/* 4*/ ,/,*/

5+*/ + *)* 5( )+ +44(/ V+* ;5+ *)* 5( )+ 4(/ +/*)(/ *+(/ ;5+ /+ ?* *

(,-** +/ )+:)*,++ +-+/*)(/ + 4* ,/,* 5)*)

,(+** = 5:* +4 ,/,( -+()( )+ +,-(.


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BIBLIOGRAFÍA

− *4+ */G E/*)(/ F*+(/# (,54*9# *4// +

+-+*9

− CPC. J*,+ F4(+/ S(* 200. E/*)(/ F*+(/.

PAGINAS EB

−


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ANEOS

trabajo de investigacic3b3n contabilidad ii

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