1. FINANCIAL PLAN
FINANCIAL NEEDS 2015 2016 2017
Investments 5 000 000 0 0
Borrowing refunds 195 736 0 0
Reduction of capital
Distribution of dividends 0
Increased in working capital #REF! #REF! #REF!
Others needs
Total needs #REF! #REF! #REF!
Financial resources
Self financing capicity 2 939 532 0 0
Bank borrowings 1 500 000
Increased of capital 0
Dimunition working capital #REF! #REF! #REF!
Others resources
Total resources #REF! #REF! #REF!
Cash beginning exercise #REF! #REF!
Annual cash flow #REF! #REF! #REF!
Cash ending exercise #REF! #REF! #REF!
Need in working capital
Term stock rotation by day 14 14 14
Customer credit duration in days 1 1 1
Lenght of supplier credit by day 7 7 7
Average tax rate on sales
Average tax rate on buyings
Stock of contents 44992 0 0
Guests 22455 0 0
Suppliers 22496 0 0
Tax and social security debts #REF! #REF! #REF!
Need in working capital #REF! #REF! #REF!
Variation in need working capital #REF! #REF!
TO BE ANALYSED
