(XLSX) Plano Financeiro - SÃ´ma Healh Club Final

Pressupostos

Auxiliar Investimento VAL@Ru

Exploração

Amortizações

Balanço

DR

EOEP

Fundo de Maneio

Pressupostos

VALA Investimento Vendas

Plano Financeiro

Cash-Flow

Merchandising e Rendas

Análise de Equilíbrio

Pessoal

Contas de ExploraçãoSensibilidade

Plano Financeiro

Cash-Flow

Merchandising e Rendas

Análise de Equilíbrio

PERÍODOS DAS PROJECÇÕES E UNIDADE MONETÁRIA

Ano Base 2009 2010 2011

Ano 0 1 2

Unidade Monetária €

PRESSUPOSTOS MACROECONÓMICOS

INDICADORES 0 1 2

Taxa de Inflação 0.00% 0.70% 1.00%

Factor Acumulado de Inflação 1.0000 1.0070 1.0171

Taxa de Inflação (Custos com o Pessoal) 0.00% 1.70% 2.00%

Factor Acumulado de Inflação (Custos com o Pessoal) 1.0000 1.0170 1.0373

Taxa de Juro OT 10 4.68% Financiamento

Taxa de Juro do Financiamento de Curto Prazo (Euribor 3M) 1.327% Empréstimo 1

Taxa de Juro das Aplicações Financeiras de Curto Prazo 2.30% Empréstimo 2

Prémio Risco Mercado 6.5% Leasing 1

Derrama de IRC 1.50% Leasing 2

Taxa Média de IRC 25.00% Total Dívida

Taxa de Impostos sobre Lucros(Matéria Colectável Superior a 12500€) 26.50% Capitais Próprios

Taxa de Impostos sobre Lucros(Matéria Colectável Inferior a 12500€) 14.00% Total Dívida + CP

Taxa de Distribuição de Lucros 30.00%

Taxa de IVA Liquidado (Merchandising) 20.00%

Taxa de IVA Liquidado (Electricidade) 12.00%

Taxa de IVA Liquidado 5.00%

Taxa de IVA Dedutível 20.00%

Taxa de IVA Dedutível (Equipamento solar e Foto voltáico) 12.00%

Taxa de IVA Dedutível (Água e Electricidade) 5.00%

Capitais Próprios 1,369,437.06 €

Capital Social 100,000.00 €

Prestações Suplementares de Sócios 1º ano (16.67%) 211,572.84 €

Prestações Suplementares de Sócios 2º ano (33.33%) 423,145.69 €

Prestações Suplementares de Sócios 3º ano (50%) 634,718.53 €

Retenção dos Trabalhadores Independentes 20%

Vendas de Merchandising (Percentagem Vendas de Cartões) 0.25%

Margem Merchandising 5%

Taxa de Retenção Média Mercado 60%

Factor Correctivo Taxas de Retenção 15%

Taxa de Retenção SOMA 51%

Crescimento para a Perpetuidade(g) 1%

Crescimento em Perpetuidade para Imobilizado Líquido 2%

Crescimento em Perpetuidade para Fundo Maneio 3%

Taxa de Segurança Social (Trabalhador) 11.00%

Taxa de Segurança Social (Entidade Patronal) 23.75%

Índice

Taxa de Segurança Social (Entidade Patronal) para Orgãos Sociais 21.25%

Taxa de Segurança Social (Trabalhador) para Orgãos Sociais 10%

Penalização Amortização Antecipada 2%

Rácio de Cumprimento da Dívida (Distribuição de Lucros) 1.5

Rácio de Cumprimento da Dívida (Amortização Antecipada da Dívida) 4

Prazo Stock de Segurança 1

Prazo Médio de Pagamentos 1

Prazo Médio de Recebimento de IVA 12

Prazo Médio de Pagamentos (Segurança Social) 1

Prazo Médio de Pagamentos (IRS) 1

Tesouraria de Segurança Mínima 2%

2012 2013 2014 2015 2016 2017

3 4 5 6 7 8

1.40% 1.80% 1.90% 2.00% 2.20% 2.40%

1.0313 1.0499 1.0698 1.0912 1.1152 1.1420

2.40% 2.80% 2.90% 3.00% 3.20% 3.40%

1.0622 1.0920 1.1236 1.1574 1.1944 1.2350

Financiamento

Empréstimo 1 3,806,937.06 €

Empréstimo 2 1,670,811.17 €

315,533.66 €

124,585.01 €

5,917,866.90 €

Capitais Próprios 1,369,437.06 €

Total Dívida + CP 7,287,303.96 €

Debt/Equity 4.32138656361722

Índice

2018 2019 2020

9 10 11

2.50% 2.50% 2.50%

1.1705 1.1998 1.2298

3.50% 3.50% 3.50%

1.2782 1.3230 1.3693

MAPA DE INVESTIMENTO EM CAPITAL FIXO - REINVESTIMENTOS REALIZADOS NO ANO POSTERIOR AO ÚLTIMO ANO DE AMORTIZAÇÃO - A PREÇOS CONSTANTES DO ANO 0

C. Aquisição Vida Útil Taxa (QC) 0

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0 0.00% 3,250,000.00 €

Sub-Total 3,250,000.00 € - - 3,250,000.00 €

Edificios e Outras Construções

Edificio 2,506,216.76 € 50 2.00% 556,937.06 €

Sub-Total 2,506,216.76 € - - 556,937.06 €

Equipamento Básico

Material de Incêndio 14,195.48 € 4 25.00% - €

Máquinas Especificadas 565,861.71 € 8 12.50% - €

Equipamento de Energia Solar 55,540.00 € 4 25.00% - €

Aparelhagem e Máq. Electrónicas 146,436.31 € 5 20.00% - €

Ar Condicionado 130,361.67 € 8 12.50% - €

Sub-Total 912,395.17 € - - - €

Equipamentos Administrativos

Material de Escritório 214.56 € 3 33.33% - €

Programa de Computadores 12,567.50 € 3 33.33% - €

Mobiliário 16,346.59 € 8 12.50% - €

Sub-Total 29,128.65 € - - - €

TOTAL IMOBILIZADO CORPÓREO 6,697,740.58 € - - 3,806,937.06 €

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3 33.33% 3,500.00 €

Sub-Total 3,500.00 € - - 3,500.00 €

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3 33.33% 10,000.00 €

Campanhas Publicitárias 286,960.00 € 3 33.33% - €

Sub-Total 296,960.00 € - - 10,000.00 €

Patente (logotipo) 2,600.00 € 3 33.33% - €

Site 5,000.00 € 10 10.00% - €

Sub-Total 7,600.00 € - - - €

TOTAL IMOBILIZADO INCORPÓREO 308,060.00 € - - 13,500.00 €

TOTAL DO IMOBILIZADO 7,005,800.58 € - - 3,820,437.06 €

Índice

Propriedade Industrial

MAPA DE INVESTIMENTO EM CAPITAL FIXO - REINVESTIMENTOS REALIZADOS NO ANO POSTERIOR AO ÚLTIMO ANO DE AMORTIZAÇÃO - A PREÇOS CORRENTES

C. Aquisição Vida Útil Taxa (QC) 0

Factor Acumulado de Inflação - - - 1.0000

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0 0.00% 3,250,000.00 €

Sub-Total 3,250,000.00 € - - 3,250,000.00 €

Edificios e Outras Construções

Edificio 2,506,216.76 € 50 2.00% 556,937.06 €

Sub-Total 2,506,216.76 € - - 556,937.06 €

Equipamento Básico

Material de Incêndio 14,195.48 € 4 25.00% - €

Máquinas Não Especificadas 565,861.71 € 8 12.50% - €

Equipamento de Energia Solar 55,540.00 € 4 25.00% - €

Aparelhagem e Máq. Electrónicas 146,436.31 € 5 20.00% - €

Ar Condicionado 130,361.67 € 8 12.50% - €

Sub-Total 912,395.17 € - - - €

Equipamentos Administrativos

Material de Escritório 214.56 € 3 33.33% - €

Programa de Computadores 12,567.50 € 3 33.33% - €

Mobiliário 16,346.59 € 8 12.50% - €

Sub-Total 29,128.65 € - - - €

TOTAL IMOBILIZADO CORPÓREO 6,697,740.58 € - - 3,806,937.06 €

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3 33.33% 3,500.00 €

Sub-Total 3,500.00 € - - 3,500.00 €

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3 33.33% 10,000.00 €

Campanhas Publicitárias 286,960.00 € 3 33.33% - €

Sub-Total 296,960.00 € - - 10,000.00 €

Patente (logotipo) 2,600.00 € 3 33.33% - €

Site 5,000.00 € 10 10.00% - €

Sub-Total 7,600.00 € - - - €

TOTAL IMOBILIZADO INCORPÓREO 308,060.00 € - - 13,500.00 €

Propriedade Industrial

TOTAL DO IMOBILIZADO 7,005,800.58 € - - 3,820,437.06 €

MAPA DE INVESTIMENTO EM CAPITAL FIXO - REINVESTIMENTOS REALIZADOS NO ANO POSTERIOR AO ÚLTIMO ANO DE AMORTIZAÇÃO - A PREÇOS CONSTANTES DO ANO 0

1 2 3 4 5 6 7 8

- € - € - € - € - € - € - € - €

1,670,811.17 € 278,468.53 € - € - € - € - € - € - €

- € 14,195.48 € - € - € - € 14,195.48 € - € - €

- € 441,276.70 € - € 124,585.01 € - € - € - € - €

- € 55,540.00 € - € - € - € 55,540.00 € - € - €

- € 146,436.31 € - € - € - € - € 146,436.31 € - €

- € 130,361.67 € - € - € - € - € - € - €

- € 787,810.16 € - € 124,585.01 € - € 69,735.48 € 146,436.31 € - €

- € 214.56 € - € - € 214.56 € - € - € 214.56 €

- € 12,567.50 € - € - € 12,567.50 € - € - € 12,567.50 €

- € 16,346.59 € - € - € - € - € - € - €

- € 29,128.65 € - € - € 12,782.06 € - € - € 12,782.06 €

1,670,811.17 € 1,095,407.34 € - € 124,585.01 € 12,782.06 € 69,735.48 € 146,436.31 € 12,782.06 €

- € - € - € - € - € - € - € - €

- € 286,960.00 € - € - € - € - € - € - €

2,600.00 € - € - € 2,600.00 € - € - € 2,600.00 € - €

- € 5,000.00 € - € - € - € - € - € - €

2,600.00 € 5,000.00 € - € 2,600.00 € - € - € 2,600.00 € - €

2,600.00 € 291,960.00 € - € 2,600.00 € - € - € 2,600.00 € - €

1,673,411.17 € 1,387,367.34 € - € 127,185.01 € 12,782.06 € 69,735.48 € 149,036.31 € 12,782.06 €

MAPA DE INVESTIMENTO EM CAPITAL FIXO - REINVESTIMENTOS REALIZADOS NO ANO POSTERIOR AO ÚLTIMO ANO DE AMORTIZAÇÃO - A PREÇOS CORRENTES

1 2 3 4 5 6 7 8

1.0070 1.0171 1.0313 1.0499 1.0698 1.0912 1.1152 1.1420

- € - € - € - € - € - € - € - €

1,670,811.17 € 278,468.53 € - € - € - € - € - € - €

- € 14,437.80 € - € - € - € 15,490.34 € - € - €

- € 441,276.70 € - € 124,585.01 € - € - € - € - €

- € 56,488.07 € - € - € - € 60,606.17 € - € - €

- € 148,935.98 € - € - € - € - € 163,309.18 € - €

- € 132,586.94 € - € - € - € - € - € - €

- € 793,725.49 € - € 124,585.01 € - € 76,096.51 € 163,309.18 € - €

- € 218.22 € - € - € 229.54 € - € - € 245.03 €

- € 12,782.03 € - € - € 13,444.96 € - € - € 14,351.94 €

- € 16,625.63 € - € - € - € - € - € - €

- € 29,625.88 € - € - € 13,674.50 € - € - € 14,596.97 €

1,670,811.17 € 1,101,819.89 € - € 124,585.01 € 13,674.50 € 76,096.51 € 163,309.18 € 14,596.97 €

- € - € - € - € - € - € - € - €

- € 291,858.41 € - € - € - € - € - € - €

2,618.20 € - € - € 2,729.67 € - € - € 2,899.58 € - €

- € 5,085.35 € - € - € - € - € - € - €

2,618.20 € 5,085.35 € - € 2,729.67 € - € - € 2,899.58 € - €

2,618.20 € 296,943.76 € - € 2,729.67 € - € - € 2,899.58 € - €

1,673,429.37 € 1,398,763.65 € - € 127,314.68 € 13,674.50 € 76,096.51 € 166,208.76 € 14,596.97 €

€

9 10 11

- € - € - €

- € 14,195.48 € - €

- € 441,276.70 € - €

- € 55,540.00 € - €

- € - € - €

- € 130,361.67 € - €

- € 641,373.85 € - €

- € - € 214.56 €

- € - € 12,567.50 €

- € 16,346.59 € - €

- € 16,346.59 € 12,782.06 €

- € 657,720.44 € 12,782.06 €

- € - € - €

- € 2,600.00 € - €

- € - € - €

- € 2,600.00 € - €

- € 660,320.44 € 12,782.06 €

€

9 10 11

1.1705 1.1998 1.2298

- € - € - €

- € 17,031.76 € - €

- € 441,276.70 € - €

- € 66,636.99 € - €

- € - € - €

- € 156,408.17 € - €

- € 681,353.62 € - €

- € - € 263.87 €

- € - € 15,455.47 €

- € 19,612.67 € - €

- € 19,612.67 € 15,719.34 €

- € 700,966.29 € 15,719.34 €

- € - € - €

- € 3,119.48 € - €

- € - € - €

- € 3,119.48 € - €

- € 704,085.78 € 15,719.34 €

MAPA DE AMORTIZAÇÕES E REINTEGRAÇÕES - A PREÇOS CONSTANTES DO ANO 0

C. Aquisição Vida Útil Taxa (QC) 0 1

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0 0.00% - € - €

Sub-Total 3,250,000.00 € - - - € - €

Edificios e Outras Construções

Edificio 2,506,216.76 € 50 2.00% - € - €

Sub-Total 2,506,216.76 € - - - € - €

Equipamento Básico

Material de Incêndio 14,195.48 € 4 25.00% - € - €

Máquinas Não Especificadas 565,861.71 € 8 12.50% - € - €

Equipamento de Energia Solar 55,540.00 € 4 25.00% - € - €

Aparelhagem e Máq. Electrónicas 146,436.31 € 5 20.00% - € - €

Ar Condicionado 130,361.67 € 8 12.50% - € - €

Sub-Total 898,199.69 € - - - € - €

Equipamentos Administrativos

Material de Escritório 214.56 € 3 33.33% - € - €

Programa de Computadores 12,567.50 € 3 33.33% - € - €

Mobiliário 16,346.59 € 8 12.50% - € - €

Sub-Total 29,128.65 € - - - € - €

IMOBILIZADO CORPÓREO 6,683,545.10 € - - - € - €

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3 33.33% - € 1,166.67 €

Sub-Total 3,500.00 € - - - € 1,166.67 €

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3 33.33% - € 3,333.33 €

Campanhas Publicitárias 286,960.00 € 3 33.33% - € - €

Sub-Total 296,960.00 € - - - € 3,333.33 €

Patente (logotipo) 2,600.00 € 3 33.33% - € 866.67 €

Site 5,000.00 € 10 10.00% - € - €

Sub-Total 5,000.00 € - - - € 866.67 €

IMOBILIZADO INCORPÓREO 305,460.00 € - - - € 5,366.67 €

Índice

Propriedade Industrial

TOTAL DO IMOBILIZADO 6,989,005.10 € - - - € 5,366.67 €

MAPA DE INVESTIMENTO EM CAPITAL FIXO - REINVESTIMENTOS REALIZADOS NO ANO POSTERIOR AO ÚLTIMO ANO DE AMORTIZAÇÃO - A PREÇOS CORRENTES

C. Aquisição Vida Útil Taxa (QC) 0 1

Factor Acumulado de Inflação - - - 1 1.007

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0 0.00% - € - €

Sub-Total 3,250,000.00 € - - - € - €

Edificios e Outras Construções

Edificio 2,506,216.76 € 50 2.00% - € - €

Sub-Total 2,506,216.76 € - - - € - €

Equipamento Básico

Material de Incêndio 14,195.48 € 4 25.00% - € - €

Máquinas Não Especificadas 565,861.71 € 8 12.50% - € - €

Equipamento de Energia Solar 55,540.00 € 4 25.00% - € - €

Aparelhagem e Máq. Electrónicas 146,436.31 € 5 20.00% - € - €

Ar Condicionado 130,361.67 € 8 12.50% - € - €

Sub-Total 898,199.69 € - - - € - €

Equipamentos Administrativos

Material de Escritório 214.56 € 3 33.33% - € - €

Programa de Computadores 12,567.50 € 3 33.33% - € - €

Mobiliário 16,346.59 € 8 12.50% - € - €

Sub-Total 29,128.65 € - - - € - €

IMOBILIZADO CORPÓREO 6,683,545.10 € - - - € - €

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3 33.33% - € 1,166.67 €

Sub-Total 3,500.00 € - - - € 1,166.67 €

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3 33.33% - € 3,333.33 €

Campanhas Publicitárias 286,960.00 € 3 33.33% - € - €

Sub-Total 296,960.00 € - - - € 3,333.33 €

Patente (logotipo) 2,600.00 € 3 33.33% - € 872.73 €

Site 5,000.00 € 10 10.00% - € - €

Sub-Total 5,000.00 € - - - € 872.73 €

Propriedade Industrial

IMOBILIZADO INCORPÓREO 305,460.00 € - - - € 5,372.73 €

TOTAL DO IMOBILIZADO 6,989,005.10 € - - - € 5,372.73 €

2 3 4 5 6 7 8

- € - € - € - € - € - € - €

11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 €

3,548.87 € 3,548.87 € 3,548.87 € 3,548.87 € 3,548.87 € 3,548.87 € 3,548.87 €

55,159.59 € 55,159.59 € 70,732.71 € 70,732.71 € 70,732.71 € 70,732.71 € 70,732.71 €

13,885.00 € 13,885.00 € 13,885.00 € 13,885.00 € 13,885.00 € 13,885.00 € 13,885.00 €

29,287.26 € 29,287.26 € 29,287.26 € 29,287.26 € 29,287.26 € 29,287.26 € 29,287.26 €

16,295.21 € 16,295.21 € 16,295.21 € 16,295.21 € 16,295.21 € 16,295.21 € 16,295.21 €

118,175.93 € 118,175.93 € 133,749.05 € 133,749.05 € 133,749.05 € 133,749.05 € 133,749.05 €

71.52 € 71.52 € 71.52 € 71.52 € 71.52 € 71.52 € 71.52 €

4,189.17 € 4,189.17 € 4,189.17 € 4,189.17 € 4,189.17 € 4,189.17 € 4,189.17 €

2,043.32 € 2,043.32 € 2,043.32 € 2,043.32 € 2,043.32 € 2,043.32 € 2,043.32 €

6,304.01 € 6,304.01 € 6,304.01 € 6,304.01 € 6,304.01 € 6,304.01 € 6,304.01 €

135,618.68 € 135,618.68 € 151,191.81 € 151,191.81 € 151,191.81 € 151,191.81 € 151,191.81 €

1,166.67 € 1,166.67 € - € - € - € - € - €

3,333.33 € 3,333.33 € - € - € - € - € - €

95,653.33 € 95,653.33 € 95,653.33 € - € - € - € - €

98,986.67 € 98,986.67 € 95,653.33 € - € - € - € - €

866.67 € 866.67 € 866.67 € 866.67 € 866.67 € 866.67 € 866.67 €

500.00 € 500.00 € 500.00 € 500.00 € 500.00 € 500.00 € 500.00 €

1,366.67 € 1,366.67 € 1,366.67 € 1,366.67 € 1,366.67 € 1,366.67 € 1,366.67 €

101,520.00 € 101,520.00 € 97,020.00 € 1,366.67 € 1,366.67 € 1,366.67 € 1,366.67 €

237,138.68 € 237,138.68 € 248,211.81 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 €

MAPA DE INVESTIMENTO EM CAPITAL FIXO - REINVESTIMENTOS REALIZADOS NO ANO POSTERIOR AO ÚLTIMO ANO DE AMORTIZAÇÃO - A PREÇOS CORRENTES

2 3 4 5 6 7 8

1.01707 1.03130898 1.04987254164 1.069820119931 1.09121652233 1.115223285821 1.141988644681

- € - € - € - € - € - € - €

11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 € 11,138.74 €

3,609.45 € 3,609.45 € 3,609.45 € 3,609.45 € 3,872.59 € 3,872.59 € 3,872.59 €

55,159.59 € 55,159.59 € 70,732.71 € 70,732.71 € 70,732.71 € 70,732.71 € 70,732.71 €

14,122.02 € 14,122.02 € 14,122.02 € 14,122.02 € 15,151.54 € 15,151.54 € 15,151.54 €

29,787.20 € 29,787.20 € 29,787.20 € 29,787.20 € 29,787.20 € 32,661.84 € 32,661.84 €

16,573.37 € 16,573.37 € 16,573.37 € 16,573.37 € 16,573.37 € 16,573.37 € 16,573.37 €

119,251.62 € 119,251.62 € 134,824.74 € 134,824.74 € 136,117.40 € 138,992.05 € 138,992.05 €

72.74 € 72.74 € 72.74 € 76.51 € 76.51 € 76.51 € 81.68 €

4,260.68 € 4,260.68 € 4,260.68 € 4,481.65 € 4,481.65 € 4,481.65 € 4,783.98 €

2,078.20 € 2,078.20 € 2,078.20 € 2,078.20 € 2,078.20 € 2,078.20 € 2,078.20 €

6,411.62 € 6,411.62 € 6,411.62 € 6,636.37 € 6,636.37 € 6,636.37 € 6,943.86 €

136,801.98 € 136,801.98 € 152,375.10 € 152,599.86 € 153,892.52 € 156,767.16 € 157,074.65 €

1,166.67 € 1,166.67 € - € - € - € - € - €

3,333.33 € 3,333.33 € - € - € - € - € - €

97,286.14 € 97,286.14 € 97,286.14 € - € - € - € - €

100,619.47 € 100,619.47 € 97,286.14 € - € - € - € - €

872.73 € 872.73 € 909.89 € 909.89 € 909.89 € 966.53 € 966.53 €

508.53 € 508.53 € 508.53 € 508.53 € 508.53 € 508.53 € 508.53 €

1,381.27 € 1,381.27 € 1,418.42 € 1,418.42 € 1,418.42 € 1,475.06 € 1,475.06 €

103,167.40 € 103,167.40 € 98,704.56 € 1,418.42 € 1,418.42 € 1,475.06 € 1,475.06 €

239,969.38 € 239,969.38 € 251,079.66 € 154,018.28 € 155,310.94 € 158,242.22 € 158,549.71 €

€

9 10 11

- € - € - €

11,138.74 € 11,138.74 € 11,138.74 €

3,548.87 € 3,548.87 € 3,548.87 €

70,732.71 € 70,732.71 € 70,732.71 €

13,885.00 € 13,885.00 € 13,885.00 €

29,287.26 € 29,287.26 € 29,287.26 €

16,295.21 € 16,295.21 € 16,295.21 €

133,749.05 € 133,749.05 € 133,749.05 €

71.52 € 71.52 € 71.52 €

4,189.17 € 4,189.17 € 4,189.17 €

2,043.32 € 2,043.32 € 2,043.32 €

6,304.01 € 6,304.01 € 6,304.01 €

151,191.81 € 151,191.81 € 151,191.81 €

- € - € - €

866.67 € 866.67 € 866.67 €

500.00 € 500.00 € 500.00 €

1,366.67 € 1,366.67 € 1,366.67 €

152,558.47 € 152,558.47 € 152,558.47 €

€

9 10 11

1.170538360798 1.199801819818 1.229796865313

- € - € - €

11,138.74 € 11,138.74 € 11,138.74 €

3,872.59 € 4,257.94 € 4,257.94 €

70,732.71 € 70,732.71 € 70,732.71 €

15,151.54 € 16,659.25 € 16,659.25 €

32,661.84 € 32,661.84 € 32,661.84 €

16,573.37 € 19,551.02 € 19,551.02 €

138,992.05 € 143,862.76 € 143,862.76 €

81.68 € 81.68 € 87.96 €

4,783.98 € 4,783.98 € 5,151.82 €

2,078.20 € 2,451.58 € 2,451.58 €

6,943.86 € 7,317.24 € 7,691.36 €

157,074.65 € 162,318.74 € 162,692.86 €

- € - € - €

966.53 € 1,039.83 € 1,039.83 €

508.53 € 508.53 € 508.53 €

1,475.06 € 1,548.36 € 1,548.36 €

158,549.71 € 163,867.10 € 164,241.23 €

MAPA DE IMOBILIZADO - A PREÇOS CONSTANTES DO ANO 0

C. Aquisição Vida Útil

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0

Sub-Total 3,250,000.00 € -

Edificios e Outras Construções

Edificio 2,506,216.76 € 50

Sub-Total 2,506,216.76 € -

Equipamento Básico

Material de Incêndio 14,195.48 € 4

Máquinas Não Especificadas 565,861.71 € 8

Equipamento de Energia Solar 55,540.00 € 4

Aparelhagem e Máq. Electrónicas 146,436.31 € 5

Ar Condicionado 130,361.67 € 8

Sub-Total 912,395.17 € -

Equipamentos Administrativos

Material de Escritório 214.56 € 3

Programa de Computadores 12,567.50 € 3

Mobiliário 16,346.59 € 8

Sub-Total 29,128.65 € -

TOTAL IMOBILIZADO CORPÓREO 6,697,740.58 € -

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3

Sub-Total 3,500.00 € -

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3

Campanhas Publicitárias 286,960.00 € 3

Sub-Total 296,960.00 € -

Patente (logotipo) 2,600.00 € 3

Site 5,000.00 € 10

Sub-Total 7,600.00 € -

TOTAL IMOBILIZADO INCORPÓREO 308,060.00 € -

Propriedade Industrial

TOTAL DO IMOBILIZADO 7,005,800.58 € -

MAPA DE IMOBILIZADO - A PREÇOS CORRENTES

C. Aquisição Vida Útil

Factor Acumulado de Inflação - -

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0

Sub-Total 3,250,000.00 € -

Edificios e Outras Construções

Edificio 2,506,216.76 € 50

Sub-Total 2,506,216.76 € -

Equipamento Básico

Material de Incêndio 14,195.48 € 4

Máquinas Não Especificadas 565,861.71 € 8

Equipamento de Energia Solar 55,540.00 € 4

Aparelhagem e Máq. Electrónicas 146,436.31 € 5

Ar Condicionado 130,361.67 € 8

Sub-Total 912,395.17 € -

Equipamentos Administrativos

Material de Escritório 214.56 € 3

Programa de Computadores 12,567.50 € 3

Mobiliário 16,346.59 € 8

Sub-Total 29,128.65 € -

TOTAL IMOBILIZADO CORPÓREO 6,697,740.58 € -

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3

Sub-Total 3,500.00 € -

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3

Campanhas Publicitárias 286,960.00 € 3

Sub-Total 296,960.00 € -

Patente (logotipo) 2,600.00 € 3

Site 5,000.00 € 10

Propriedade Industrial

Sub-Total 7,600.00 € -

TOTAL IMOBILIZADO INCORPÓREO 308,060.00 € -

TOTAL DO IMOBILIZADO 7,005,800.58 € -

Taxa (QC) 0 1 2 3

0.00% 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

- 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2.00% 556,937.06 € 2,227,748.23 € 2,506,216.76 € 2,506,216.76 €

- 556,937.06 € 2,227,748.23 € 2,506,216.76 € 2,506,216.76 €

25.00% - € - € 14,195.48 € 14,195.48 €

12.50% - € - € 441,276.70 € 441,276.70 €

25.00% - € - € 55,540.00 € 55,540.00 €

20.00% - € - € 146,436.31 € 146,436.31 €

12.50% - € - € 130,361.67 € 130,361.67 €

- - € - € 787,810.16 € 787,810.16 €

33.33% - € - € 214.56 € 214.56 €

33.33% - € - € 12,567.50 € 12,567.50 €

12.50% - € - € 16,346.59 € 16,346.59 €

- - € - € 29,128.65 € 29,128.65 €

- 3,806,937.06 € 5,477,748.23 € 6,573,155.57 € 6,573,155.57 €

33.33% 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

- 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

33.33% 10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 €

33.33% - € - € 286,960.00 € 286,960.00 €

- 10,000.00 € 10,000.00 € 296,960.00 € 296,960.00 €

33.33% - € 2,600.00 € 2,600.00 € 2,600.00 €

10.00% - € - € 5,000.00 € 5,000.00 €

- - € 2,600.00 € 7,600.00 € 7,600.00 €

- 13,500.00 € 16,100.00 € 308,060.00 € 308,060.00 €

Índice

- 3,820,437.06 € 5,493,848.23 € 6,881,215.57 € 6,881,215.57 €

Taxa (QC) 0 1 2 3

- 1.0000 1.0070 1.0171 1.0313

0.00% 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

- 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2.00% 556,937.06 € 2,227,748.23 € 2,506,216.76 € 2,506,216.76 €

- 556,937.06 € 2,227,748.23 € 2,506,216.76 € 2,506,216.76 €

25.00% - € - € 14,437.80 € 14,437.80 €

12.50% - € - € 441,276.70 € 441,276.70 €

25.00% - € - € 56,488.07 € 56,488.07 €

20.00% - € - € 148,935.98 € 148,935.98 €

12.50% - € - € 132,586.94 € 132,586.94 €

- - € - € 793,725.49 € 793,725.49 €

33.33% - € - € 218.22 € 218.22 €

33.33% - € - € 12,782.03 € 12,782.03 €

12.50% - € - € 16,625.63 € 16,625.63 €

- - € - € 29,625.88 € 29,625.88 €

- 3,806,937.06 € 5,477,748.23 € 6,579,568.12 € 6,579,568.12 €

33.33% 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

- 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

33.33% 10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 €

33.33% - € - € 291,858.41 € 291,858.41 €

- 10,000.00 € 10,000.00 € 301,858.41 € 301,858.41 €

33.33% - € 2,618.20 € 2,618.20 € 2,618.20 €

10.00% - € - € 5,085.35 € 5,085.35 €

- - € 2,618.20 € 7,703.55 € 7,703.55 €

- 13,500.00 € 16,118.20 € 313,061.96 € 313,061.96 €

- 3,820,437.06 € 5,493,866.43 € 6,892,630.08 € 6,892,630.08 €

4 5 6 7 8

3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

14,195.48 € 14,195.48 € 14,195.48 € 14,195.48 € 14,195.48 €

565,861.71 € 565,861.71 € 565,861.71 € 565,861.71 € 565,861.71 €

55,540.00 € 55,540.00 € 55,540.00 € 55,540.00 € 55,540.00 €

146,436.31 € 146,436.31 € 146,436.31 € 146,436.31 € 146,436.31 €

130,361.67 € 130,361.67 € 130,361.67 € 130,361.67 € 130,361.67 €

912,395.17 € 912,395.17 € 912,395.17 € 912,395.17 € 912,395.17 €

214.56 € 214.56 € 214.56 € 214.56 € 214.56 €

12,567.50 € 12,567.50 € 12,567.50 € 12,567.50 € 12,567.50 €

16,346.59 € 16,346.59 € 16,346.59 € 16,346.59 € 16,346.59 €

29,128.65 € 29,128.65 € 29,128.65 € 29,128.65 € 29,128.65 €

6,697,740.58 € 6,697,740.58 € 6,697,740.58 € 6,697,740.58 € 6,697,740.58 €

3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 €

286,960.00 € 286,960.00 € 286,960.00 € 286,960.00 € 286,960.00 €

296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 €

2,600.00 € 2,600.00 € 2,600.00 € 2,600.00 € 2,600.00 €

5,000.00 € 5,000.00 € 5,000.00 € 5,000.00 € 5,000.00 €

7,600.00 € 7,600.00 € 7,600.00 € 7,600.00 € 7,600.00 €

308,060.00 € 308,060.00 € 308,060.00 € 308,060.00 € 308,060.00 €

7,005,800.58 € 7,005,800.58 € 7,005,800.58 € 7,005,800.58 € 7,005,800.58 €

4 5 6 7 8

1.0499 1.0698 1.0912 1.1152 1.1420

3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

14,437.80 € 14,437.80 € 15,490.34 € 15,490.34 € 15,490.34 €

565,861.71 € 565,861.71 € 565,861.71 € 565,861.71 € 565,861.71 €

56,488.07 € 56,488.07 € 60,606.17 € 60,606.17 € 60,606.17 €

148,935.98 € 148,935.98 € 148,935.98 € 163,309.18 € 163,309.18 €

132,586.94 € 132,586.94 € 132,586.94 € 132,586.94 € 132,586.94 €

918,310.50 € 918,310.50 € 923,481.14 € 937,854.34 € 937,854.34 €

218.22 € 229.54 € 229.54 € 229.54 € 245.03 €

12,782.03 € 13,444.96 € 13,444.96 € 13,444.96 € 14,351.94 €

16,625.63 € 16,625.63 € 16,625.63 € 16,625.63 € 16,625.63 €

29,625.88 € 30,300.13 € 30,300.13 € 30,300.13 € 31,222.59 €

6,704,153.13 € 6,704,827.39 € 6,709,998.03 € 6,724,371.24 € 6,725,293.70 €

3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 €

291,858.41 € 291,858.41 € 291,858.41 € 291,858.41 € 291,858.41 €

301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 €

2,729.67 € 2,729.67 € 2,729.67 € 2,899.58 € 2,899.58 €

5,085.35 € 5,085.35 € 5,085.35 € 5,085.35 € 5,085.35 €

7,815.02 € 7,815.02 € 7,815.02 € 7,984.93 € 7,984.93 €

313,173.43 € 313,173.43 € 313,173.43 € 313,343.34 € 313,343.34 €

7,017,326.56 € 7,018,000.81 € 7,023,171.46 € 7,037,714.57 € 7,038,637.04 €

€

9 10 11

3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

14,195.48 € 14,195.48 € 14,195.48 €

565,861.71 € 565,861.71 € 565,861.71 €

55,540.00 € 55,540.00 € 55,540.00 €

146,436.31 € 146,436.31 € 146,436.31 €

130,361.67 € 130,361.67 € 130,361.67 €

912,395.17 € 912,395.17 € 912,395.17 €

214.56 € 214.56 € 214.56 €

12,567.50 € 12,567.50 € 12,567.50 €

16,346.59 € 16,346.59 € 16,346.59 €

29,128.65 € 29,128.65 € 29,128.65 €

6,697,740.58 € 6,697,740.58 € 6,697,740.58 €

3,500.00 € 3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 € 10,000.00 €

286,960.00 € 286,960.00 € 286,960.00 €

296,960.00 € 296,960.00 € 296,960.00 €

2,600.00 € 2,600.00 € 2,600.00 €

5,000.00 € 5,000.00 € 5,000.00 €

7,600.00 € 7,600.00 € 7,600.00 €

308,060.00 € 308,060.00 € 308,060.00 €

7,005,800.58 € 7,005,800.58 € 7,005,800.58 €

€

9 10 11

1.1705 1.1998 1.2298

3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

15,490.34 € 17,031.76 € 17,031.76 €

565,861.71 € 565,861.71 € 565,861.71 €

60,606.17 € 66,636.99 € 66,636.99 €

163,309.18 € 163,309.18 € 163,309.18 €

132,586.94 € 156,408.17 € 156,408.17 €

937,854.34 € 969,247.82 € 969,247.82 €

245.03 € 245.03 € 263.87 €

14,351.94 € 14,351.94 € 15,455.47 €

16,625.63 € 19,612.67 € 19,612.67 €

31,222.59 € 34,209.64 € 35,332.01 €

6,725,293.70 € 6,759,674.21 € 6,760,796.58 €

3,500.00 € 3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 € 10,000.00 €

291,858.41 € 291,858.41 € 291,858.41 €

301,858.41 € 301,858.41 € 301,858.41 €

2,899.58 € 3,119.48 € 3,119.48 €

5,085.35 € 5,085.35 € 5,085.35 €

7,984.93 € 8,204.83 € 8,204.83 €

313,343.34 € 313,563.24 € 313,563.24 €

7,038,637.04 € 7,073,237.46 € 7,074,359.83 €

MAPA AUXILIAR PARA CÁLCULO DAS AMORTIZAÇÕES ACUMULADAS - A PREÇOS CONSTANTES DO ANO 0

C. Aquisição Vida Útil

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0

Sub-Total 3,250,000.00 € -

Edificios e Outras Construções

Edificio 2,506,216.76 € 50

Sub-Total 2,506,216.76 € -

Equipamento Básico

Material de Incêndio 14,195.48 € 4

Máquinas Não Especificadas 565,861.71 € 8

Equipamento de Energia Solar 55,540.00 € 4

Aparelhagem e Máq. Electrónicas 146,436.31 € 5

Ar Condicionado 130,361.67 € 8

Sub-Total 912,395.17 € -

Equipamentos Administrativos

Material de Escritório 214.56 € 3

Programa de Computadores 12,567.50 € 3

Mobiliário 16,346.59 € 8

Sub-Total 29,128.65 € -

TOTAL IMOBILIZADO CORPÓREO 6,697,740.58 € -

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3

Sub-Total 3,500.00 € -

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3

Campanhas Publicitárias 286,960.00 € 3

Sub-Total 296,960.00 € -

Patente (logotipo) 2,600.00 € 3

Site 5,000.00 € 10

Sub-Total 7,600.00 € -

TOTAL IMOBILIZADO INCORPÓREO 308,060.00 € -

Propriedade Industrial

TOTAL DO IMOBILIZADO 7,005,800.58 € -

MAPA AUXILIAR PARA CÁLCULO DAS AMORTIZAÇÕES ACUMULADAS - A PREÇOS CORRENTES

C. Aquisição Vida Útil

Factor Acumulado de Inflação - -

IMOBILIZADO CORPÓREO

Terrenos e Outras Construções

Terreno 3,250,000.00 € 0

Sub-Total 3,250,000.00 € -

Edificios e Outras Construções

Edificio 2,506,216.76 € 50

Sub-Total 2,506,216.76 € -

Equipamento Básico

Material de Incêndio 14,195.48 € 4

Máquinas Não Especificadas 565,861.71 € 8

Equipamento de Energia Solar 55,540.00 € 4

Aparelhagem e Máq. Electrónicas 146,436.31 € 5

Ar Condicionado 130,361.67 € 8

Sub-Total 912,395.17 € -

Equipamentos Administrativos

Material de Escritório 214.56 € 3

Programa de Computadores 12,567.50 € 3

Mobiliário 16,346.59 € 8

Sub-Total 29,128.65 € -

TOTAL IMOBILIZADO CORPÓREO 6,697,740.58 € -

IMOBILIZADO INCORPOREO

Despesas de Instalação

Despesas de Constituição 3,500.00 € 3

Sub-Total 3,500.00 € -

Despesas de Investigação e Desenvolvimento

Estudos e Projectos 10,000.00 € 3

Campanhas Publicitárias 286,960.00 € 3

Sub-Total 296,960.00 € -

Patente (logotipo) 2,600.00 € 3

Site 5,000.00 € 10

Propriedade Industrial

Sub-Total 7,600.00 € -

TOTAL IMOBILIZADO INCORPÓREO 308,060.00 € -

TOTAL DO IMOBILIZADO 7,005,800.58 € -

Taxa (QC) 0 1 2 3 4

0% - € - € - € - € - €

- - € - € - € - € - €

2% - € - € 11,138.74 € 22,277.48 € 33,416.22 €

- - € - € 11,138.74 € 22,277.48 € 33,416.22 €

25.00% - € - € 3,548.87 € 7,097.74 € 10,646.61 €

12.50% - € - € 55,159.59 € 110,319.17 € 181,051.89 €

25.00% - € - € 13,885.00 € 27,770.00 € 41,655.00 €

20.00% - € - € 29,287.26 € 58,574.52 € 87,861.79 €

12.50% - € - € 16,295.21 € 32,590.42 € 48,885.63 €

- - € - € 118,175.93 € 236,351.86 € 370,100.91 €

33% - € - € 71.52 € 143.04 € 214.56 €

33% - € - € 4,189.17 € 8,378.33 € 12,567.50 €

13% - € - € 2,043.32 € 4,086.65 € 6,129.97 €

- - € - € 6,304.01 € 12,608.02 € 18,912.03 €

- - € - € 135,618.68 € 271,237.36 € 422,429.17 €

33% - € 1,166.67 € 2,333.33 € 3,500.00 € 3,500.00 €

- - € 1,166.67 € 2,333.33 € 3,500.00 € 3,500.00 €

33% - € 3,333.33 € 6,666.67 € 10,000.00 € 10,000.00 €

33% - € - € 95,653.33 € 191,306.67 € 286,960.00 €

- - € 3,333.33 € 102,320.00 € 201,306.67 € 296,960.00 €

33% - € 866.67 € 1,733.33 € 2,600.00 € 866.67 €

10% - € - € 500.00 € 1,000.00 € 1,500.00 €

- - € 866.67 € 2,233.33 € 3,600.00 € 2,366.67 €

- - € 5,366.67 € 106,886.67 € 208,406.67 € 302,826.67 €

- - € 5,366.67 € 242,505.35 € 479,644.03 € 725,255.83 €

Taxa (QC) 0 1 2 3 4

- 1.0000 1.0070 1.0171 1.0313 1.0499

0% - € - € - € - € - €

- - € - € - € - € - €

2% - € - € 11,138.74 € 22,277.48 € 33,416.22 €

- - € - € 11,138.74 € 22,277.48 € 33,416.22 €

25% - € - € 3,609.45 € 7,218.90 € 10,828.35 €

13% - € - € 55,159.59 € 110,319.17 € 181,051.89 €

25% - € - € 14,122.02 € 28,244.03 € 42,366.05 €

20% - € - € 29,787.20 € 59,574.39 € 89,361.59 €

13% - € - € 16,573.37 € 33,146.74 € 49,720.10 €

- - € - € 119,251.62 € 238,503.23 € 373,327.98 €

33% - € - € 72.74 € 145.48 € 218.22 €

33% - € - € 4,260.68 € 8,521.35 € 12,782.03 €

13% - € - € 2,078.20 € 4,156.41 € 6,234.61 €

- - € - € 6,411.62 € 12,823.24 € 19,234.86 €

- - € - € 136,801.98 € 273,603.96 € 425,979.06 €

33% - € 1,166.67 € 2,333.33 € 3,500.00 € 3,500.00 €

- - € 1,166.67 € 2,333.33 € 3,500.00 € 3,500.00 €

33% - € 3,333.33 € 6,666.67 € 10,000.00 € 10,000.00 €

33% - € - € 97,286.14 € 194,572.27 € 291,858.41 €

- - € 3,333.33 € 103,952.80 € 204,572.27 € 301,858.41 €

33% - € 872.73 € 1,745.47 € 2,618.20 € 909.89 €

10% - € - € 508.53 € 1,017.07 € 1,525.61 €

- - € 872.73 € 2,254.00 € 3,635.27 € 2,435.49 €

- - € 5,372.73 € 108,540.14 € 211,707.54 € 307,793.90 €

- - € 5,372.73 € 245,342.12 € 485,311.50 € 733,772.96 €

5 6 7 8 9

- € - € - € - € - €

44,554.96 € 55,693.71 € 66,832.45 € 77,971.19 € 89,109.93 €

14,195.48 € 3,548.87 € 7,097.74 € 10,646.61 € 14,195.48 €

251,784.60 € 322,517.32 € 393,250.03 € 463,982.74 € 534,715.46 €

55,540.00 € 13,885.00 € 27,770.00 € 41,655.00 € 55,540.00 €

117,149.05 € 146,436.31 € 29,287.26 € 58,574.52 € 87,861.79 €

65,180.84 € 81,476.04 € 97,771.25 € 114,066.46 € 130,361.67 €

503,849.97 € 567,863.54 € 555,176.28 € 688,925.34 € 822,674.39 €

71.52 € 143.04 € 214.56 € 71.52 € 143.04 €

4,189.17 € 8,378.33 € 12,567.50 € 4,189.17 € 8,378.33 €

8,173.30 € 10,216.62 € 12,259.94 € 14,303.27 € 16,346.59 €

12,433.98 € 18,737.99 € 25,042.00 € 18,563.95 € 24,867.96 €

560,838.91 € 642,295.24 € 647,050.73 € 785,460.48 € 936,652.29 €

3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 €

286,960.00 € 286,960.00 € 286,960.00 € 286,960.00 € 286,960.00 €

296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 €

1,733.33 € 2,600.00 € 866.67 € 1,733.33 € 2,600.00 €

2,000.00 € 2,500.00 € 3,000.00 € 3,500.00 € 4,000.00 €

3,733.33 € 5,100.00 € 3,866.67 € 5,233.33 € 6,600.00 €

304,193.33 € 305,560.00 € 304,326.67 € 305,693.33 € 307,060.00 €

865,032.25 € 947,855.24 € 951,377.40 € 1,091,153.81 € 1,243,712.29 €

5 6 7 8 9

1.0698 1.0912 1.1152 1.1420 1.1705

- € - € - € - € - €

44,554.96 € 55,693.71 € 66,832.45 € 77,971.19 € 89,109.93 €

14,437.80 € 3,872.59 € 7,745.17 € 11,617.76 € 15,490.34 €

251,784.60 € 322,517.32 € 393,250.03 € 463,982.74 € 534,715.46 €

56,488.07 € 15,151.54 € 30,303.08 € 45,454.62 € 60,606.17 €

119,148.78 € 148,935.98 € 32,661.84 € 65,323.67 € 97,985.51 €

66,293.47 € 82,866.84 € 99,440.21 € 116,013.58 € 132,586.94 €

508,152.72 € 573,344.26 € 563,400.33 € 702,392.37 € 841,384.42 €

76.51 € 153.03 € 229.54 € 81.68 € 163.35 €

4,481.65 € 8,963.31 € 13,444.96 € 4,783.98 € 9,567.96 €

8,312.81 € 10,391.02 € 12,469.22 € 14,547.42 € 16,625.63 €

12,870.98 € 19,507.35 € 26,143.72 € 19,413.08 € 26,356.94 €

565,578.67 € 648,545.32 € 656,376.50 € 799,776.64 € 956,851.29 €

3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 € 10,000.00 €

291,858.41 € 291,858.41 € 291,858.41 € 291,858.41 € 291,858.41 €

301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 €

1,819.78 € 2,729.67 € 966.53 € 1,933.05 € 2,899.58 €

2,034.14 € 2,542.67 € 3,051.21 € 3,559.74 € 4,068.28 €

3,853.92 € 5,272.34 € 4,017.74 € 5,492.80 € 6,967.86 €

309,212.33 € 310,630.75 € 309,376.14 € 310,851.21 € 312,326.27 €

874,790.99 € 959,176.07 € 965,752.64 € 1,110,627.85 € 1,269,177.55 €

€

10 11

- € - €

100,248.67 € 111,387.41 €

3,548.87 € 7,097.74 €

164,171.47 € 234,904.19 €

13,885.00 € 27,770.00 €

117,149.05 € 146,436.31 €

16,295.21 € 32,590.42 €

315,049.60 € 448,798.65 €

214.56 € 71.52 €

12,567.50 € 4,189.17 €

2,043.32 € 4,086.65 €

14,825.38 € 8,347.33 €

430,123.65 € 568,533.40 €

3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 €

286,960.00 € 286,960.00 €

296,960.00 € 296,960.00 €

866.67 € 1,733.33 €

4,500.00 € 5,000.00 €

5,366.67 € 6,733.33 €

305,826.67 € 307,193.33 €

735,950.32 € 875,726.73 €

€

10 11

1.1998 1.2298

- € - €

100,248.67 € 111,387.41 €

4,257.94 € 8,515.88 €

164,171.47 € 234,904.19 €

16,659.25 € 33,318.50 €

130,647.35 € 163,309.18 €

19,551.02 € 39,102.04 €

335,287.03 € 479,149.79 €

245.03 € 87.96 €

14,351.94 € 5,151.82 €

2,451.58 € 4,903.17 €

17,048.55 € 10,142.95 €

452,584.25 € 600,680.15 €

3,500.00 € 3,500.00 €

10,000.00 € 10,000.00 €

291,858.41 € 291,858.41 €

301,858.41 € 301,858.41 €

1,039.83 € 2,079.66 €

4,576.82 € 5,085.35 €

5,616.64 € 7,165.01 €

310,975.05 € 312,523.41 €

763,559.30 € 913,203.56 €

PRESSUPOSTOS PARA PREVISÃO DA PROCURA

Taxas Crescimento País = Taxas Crescimento Grande Lisboa

Todos os Federados de Futebol Frequentam um Clube ou Academia

PRESSUPOSTOS PARA PREVISÃO DE VENDAS

Capacidade SOMA 10631

Preço Médio SOMA 71.43

Evolução Taxa de Retenção 2.00%

Capacidade Inicial 8256

Capacidade Incrementada 2375

EVOLUÇÃO NÚMERO SÓCIOS

Percentagens 2011 2012 2013

Inicio Ano 0 6527 6690

Saídas Ano 1.400% 0 91 93

Entradas Ano 3.894% 6527 254 260

Final Ano 6527 6690 6857

PERCENTAGEM DA JÓIA POR ANO

2011 2012 2013

150.00 € 5.00% 7.50% 10.00%

120.00 € 5.00% 7.50% 10.00%

100.00 € 10.00% 10.00% 10.00%

75.00 € 10.00% 10.00% 15.00%

50.00 € 70.00% 65.00% 55.00%

TOTAL 100.00% 100.00% 100.00%

PREÇO

Livre 8 vezes por mês

Cartão Bronze Off Peak Peak Off Peak

Musculação e Cardio 45.00 € 55.00 € 25.00 €

Piscina 45.00 € 55.00 € 20.00 €

Aulas de Grupo 40.00 € 50.00 € 20.00 €

Média 43.33 € 53.33 € 21.67 €

Cartão Prata Média 65.00 € 80.00 € 32.50 €

Cartão Ouro 70.00 € 85.00 € 55.00 €

PARTICIPAÇÃO DE CADA CARTÃO NAS VENDAS

Cartão Ouro 80.00%

Livre 75.00%

Peak

Off Peak

8x por mês 25.00%

Peak

Índice

Off Peak

Cartão Prata 10.00%

Livre 50.00%

Peak

Off Peak

8x por semana 50.00%

Peak

Off Peak

Cartão Bronze 10.00%

Livre 50.00%

Peak

Off Peak

8x por mês 50.00%

Peak

Off Peak

CAPACIDADE

2011 2012 2013 2014

Capacidade Instalada 8256 8256 10631 10631

Capacidade Máxima 10631 10631 10631 10631

Preço médio 71.43 €

RECEITAS - A PREÇOS CONSTANTES DO ANO 0

2009 2010 2011

Taxa de Ocupação 61.40%

Sócios 6527

Taxas de Crescimento

Taxa Retenção SOMA 51.00%

Receitas por Jóia Valor das jóias

150.00 € 48,952.50 €

120.00 € 39,162.00 €

100.00 € 65,270.00 €

75.00 € 48,952.50 €

Preço Mínimo Joía 50.00 € 228,445.00 €

Receitas Jóias 430,782.00 €

Sócios Não Retidos (1 Mês) 3198

Cartão Ouro - Livre - Peak 85.00 € 130,478.40 €

Cartão Ouro - Livre - Off Peak 70.00 € 26,863.20 €

Cartão Ouro - 8 vezes mês - Peak 65.00 € 33,259.20 €

Cartão Ouro - 8 vezes mês - Off Peak 55.00 € 7,035.60 €

Cartão Prata - Livre - Peak 80.00 € 7,675.20 €

Cartão Prata - Livre - Off Peak 65.00 € 4,157.40 €

Cartão Prata - 8 vezes mês - Peak 47.50 € 4,557.15 €

Cartão Prata - 8 vezes mês - Off Peak 32.50 € 2,078.70 €

Cartão Bronze - Livre - Peak 53.33 € 5,116.80 €

Cartão Bronze - Livre - Off Peak 43.33 € 2,771.60 €

Cartão Bronze - 8 vezes mês - Peak 31.67 € 3,038.10 €

Cartão Bronze - 8 vezes mês - Off Peak 21.67 € 1,385.80 €

Receita Sócios Não Retidos 228,417.15 €

Vendas

Cartão Ouro - Livre - Peak 85.00 € 2,396,873.76 €

Cartão Ouro - Livre - Off Peak 70.00 € 493,474.01 €

Cartão Ouro - 8 vezes mês - Peak 65.00 € 610,967.82 €

Cartão Ouro - 8 vezes mês - Off Peak 55.00 € 129,243.19 €

Cartão Prata - Livre - Peak 80.00 € 140,992.57 €

Cartão Prata - Livre - Off Peak 65.00 € 76,370.98 €

Cartão Prata - 8 vezes mês - Peak 47.50 € 83,714.34 €

Cartão Prata - 8 vezes mês - Off Peak 32.50 € 38,185.49 €

Cartão Bronze - Livre - Peak 53.33 € 93,995.05 €

Cartão Bronze - Livre - Off Peak 43.33 € 50,913.99 €

Cartão Bronze - 8 vezes mês - Peak 31.67 € 55,809.56 €

Cartão Bronze - 8 vezes mês - Off Peak 21.67 € 25,456.99 €

Total Vendas 4,195,997.76 €

Total Vendas Ajustadas 2,799,158.01 €

RECEITAS - A PREÇOS CORRENTES

2009 2010 2011

Factor Acumulado de Inflação 1.0000 1.0070 1.0171

Taxa de Ocupação 61.40%

Sócios 6527

Taxas de Crescimento

Taxa Retenção SOMA 51.00%

Receitas por Jóia Valor das jóias

150.00 € 49,788.12 €

120.00 € 39,830.50 €

100.00 € 66,384.16 €

75.00 € 49,788.12 €

Preço mínimo Joía 50.00 € 232,344.56 €

Receitas Jóias 438,135.45 €

Sócios Não Retidos (1 Mês) 3198

Cartão Ouro - Livre - Peak 85.00 € 132,705.67 €

Cartão Ouro - Livre - Off Peak 70.00 € 27,321.75 €

Cartão Ouro - 8 vezes mês - Peak 65.00 € 33,826.93 €

Cartão Ouro - 8 vezes mês - Off Peak 55.00 € 7,155.70 €

Cartão Prata - Livre - Peak 80.00 € 7,806.22 €

Cartão Prata - Livre - Off Peak 65.00 € 4,228.37 €

Cartão Prata - 8 vezes mês - Peak 47.50 € 4,634.94 €

Cartão Prata - 8 vezes mês - Off Peak 32.50 € 2,114.18 €

Cartão Bronze - Livre - Peak 53.33 € 5,204.14 €

Cartão Bronze - Livre - Off Peak 43.33 € 2,818.91 €

Cartão Bronze - 8 vezes mês - Peak 31.67 € 3,089.96 €

Cartão Bronze - 8 vezes mês - Off Peak 21.67 € 1,409.46 €

Receita dos Sócios Não Retidos 232,316.23 €

Vendas

Cartão Ouro - Livre - Peak 85.00 € 2,437,788.40 €

Cartão Ouro - Livre - Off Peak 70.00 € 501,897.61 €

Cartão Ouro - 8 vezes mês - Peak 65.00 € 621,397.04 €

Cartão Ouro - 8 vezes mês - Off Peak 55.00 € 131,449.37 €

Cartão Prata - Livre - Peak 80.00 € 143,399.32 €

Cartão Prata - Livre - Off Peak 65.00 € 77,674.63 €

Cartão Prata - 8 vezes mês - Peak 47.50 € 85,143.34 €

Cartão Prata - 8 vezes mês - Off Peak 32.50 € 38,837.32 €

Cartão Bronze - Livre - Peak 53.33 € 95,599.55 €

Cartão Bronze - Livre - Off Peak 43.33 € 51,783.09 €

Cartão Bronze - 8 vezes mês - Peak 31.67 € 56,762.23 €

Cartão Bronze - 8 vezes mês - Off Peak 21.67 € 25,891.54 €

Total Vendas 4,267,623.44 €

Total Vendas Ajustadas 2,846,939.64 €

2014 2015 2016 2017 2018 2019

6857 7028 7203 7383 7567 7756

95 98 100 103 105 108

266 273 280 287 294 302

7028 7203 7383 7567 7756 7950

2014 2015 2016 2017 2018 2019

15.00% 15.00% 20.00% 20.00% 40.00% 50.00%

10.00% 10.00% 12.50% 12.50% 15.00% 15.00%

15.00% 20.00% 25.00% 25.00% 25.00% 20.00%

10.00% 20.00% 17.50% 17.50% 10.00% 5.00%

50.00% 35.00% 25.00% 25.00% 10.00% 10.00%

100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

€

8 vezes por mês

Peak

35.00 €

30.00 €

31.67 €

47.50 € 25%

65.00 €

80.00%

20.00%

80.00%

20.00%

60.00%

40.00%

60.00%

40.00%

60.00%

40.00%

60.00%

40.00%

2015 2016 2017 2018 2019 2020

10631 10631 10631 10631 10631 10631

2012 2013 2014 2015 2016 2017

65.75% 66.34% 65.16% 67.39% 69.30% 71.35%

6990 7052 6928 7165 7367 7585

7.09% 0.89% -1.77% 3.42% 2.83% 2.96%

52.02% 53.06% 54.12% 55.20% 56.31% 57.43%

2,857.50 € 3,900.00 € 5,985.00 € 6,142.50 € 8,400.00 € 8,610.00 €

2,286.00 € 3,120.00 € 3,192.00 € 3,276.00 € 4,200.00 € 4,305.00 €

2,540.00 € 2,600.00 € 3,990.00 € 5,460.00 € 7,000.00 € 7,175.00 €

1,905.00 € 2,925.00 € 1,995.00 € 4,095.00 € 3,675.00 € 3,766.87 €

8,255.00 € 7,150.00 € 6,650.00 € 4,777.50 € 3,500.00 € 3,587.50 €

17,843.50 € 19,695.00 € 21,812.00 € 23,751.00 € 26,775.00 € 27,444.38 €

3353 3310 3178 3209 3218 3228

136,802.40 € 135,048.00 € 129,662.40 € 130,927.20 € 131,294.40 € 131,702.40 €

28,165.20 € 27,804.00 € 26,695.20 € 26,955.60 € 27,031.20 € 27,115.20 €

34,871.20 € 34,424.00 € 33,051.20 € 33,373.60 € 33,467.20 € 33,571.20 €

7,376.60 € 7,282.00 € 6,991.60 € 7,059.80 € 7,079.60 € 7,101.60 €

8,047.20 € 7,944.00 € 7,627.20 € 7,701.60 € 7,723.20 € 7,747.20 €

4,358.90 € 4,303.00 € 4,131.40 € 4,171.70 € 4,183.40 € 4,196.40 €

4,778.03 € 4,716.75 € 4,528.65 € 4,572.83 € 4,585.65 € 4,599.90 €

2,179.45 € 2,151.50 € 2,065.70 € 2,085.85 € 2,091.70 € 2,098.20 €

5,364.80 € 5,296.00 € 5,084.80 € 5,134.40 € 5,148.80 € 5,164.80 €

2,905.93 € 2,868.67 € 2,754.27 € 2,781.13 € 2,788.93 € 2,797.60 €

3,185.35 € 3,144.50 € 3,019.10 € 3,048.55 € 3,057.10 € 3,066.60 €

1,452.97 € 1,434.33 € 1,377.13 € 1,390.57 € 1,394.47 € 1,398.80 €

239,488.03 € 236,416.75 € 226,988.65 € 229,202.83 € 229,845.65 € 230,559.90 €

3,422,416.15 € 3,452,875.66 € 3,391,759.76 € 3,507,757.94 € 3,607,027.49 € 3,713,795.50 €

704,615.09 € 710,886.16 € 698,303.48 € 722,185.46 € 742,623.31 € 764,604.96 €

872,380.59 € 880,144.78 € 864,566.21 € 894,134.38 € 919,438.38 € 946,653.76 €

184,542.05 € 186,184.47 € 182,889.01 € 189,143.81 € 194,496.58 € 200,253.68 €

201,318.60 € 203,110.33 € 199,515.28 € 206,338.70 € 212,178.09 € 218,458.56 €

109,047.57 € 110,018.10 € 108,070.78 € 111,766.80 € 114,929.80 € 118,331.72 €

119,532.92 € 120,596.76 € 118,462.20 € 122,513.60 € 125,980.74 € 129,709.77 €

54,523.79 € 55,009.05 € 54,035.39 € 55,883.40 € 57,464.90 € 59,165.86 €

134,212.40 € 135,406.89 € 133,010.19 € 137,559.13 € 141,452.06 € 145,639.04 €

72,698.38 € 73,345.40 € 72,047.18 € 74,511.20 € 76,619.87 € 78,887.81 €

79,688.61 € 80,397.84 € 78,974.80 € 81,675.74 € 83,987.16 € 86,473.18 €

36,349.19 € 36,672.70 € 36,023.59 € 37,255.60 € 38,309.93 € 39,443.91 €

5,991,325.34 € 6,044,648.13 € 5,937,657.86 € 6,140,725.76 € 6,314,508.30 € 6,501,417.74 €

3,374,018.97 € 3,463,426.23 € 3,462,356.56 € 3,642,882.54 € 3,812,201.62 € 3,992,046.97 €

2012 2013 2014 2015 2016 2017

1.0313 1.0499 1.0698 1.0912 1.1152 1.1420

65.75% 66.34% 65.16% 67.39% 69.30% 71.35%

6990 7052 6928 7165 7367 7585

7.09% 0.89% -1.77% 3.42% 2.83% 2.96%

52.02% 53.06% 54.12% 55.20% 56.31% 57.43%

2,946.97 € 4,094.50 € 6,402.87 € 6,702.80 € 9,367.88 € 9,832.52 €

2,357.57 € 3,275.60 € 3,414.87 € 3,574.83 € 4,683.94 € 4,916.26 €

2,619.52 € 2,729.67 € 4,268.58 € 5,958.04 € 7,806.56 € 8,193.77 €

1,964.64 € 3,070.88 € 2,134.29 € 4,468.53 € 4,098.45 € 4,301.73 €

8,513.46 € 7,506.59 € 7,114.30 € 5,213.29 € 3,903.28 € 4,096.88 €

18,402.16 € 20,677.24 € 23,334.92 € 25,917.48 € 29,860.10 € 31,341.16 €

3353 3310 3178 3209 3218 3228

141,085.54 € 141,783.19 € 138,715.44 € 142,869.92 € 146,422.57 € 150,402.65 €

29,047.02 € 29,190.66 € 28,559.06 € 29,414.40 € 30,145.82 € 30,965.25 €

35,962.98 € 36,140.81 € 35,358.84 € 36,417.82 € 37,323.40 € 38,337.93 €

7,607.55 € 7,645.17 € 7,479.75 € 7,703.77 € 7,895.33 € 8,109.95 €

8,299.15 € 8,340.19 € 8,159.73 € 8,404.11 € 8,613.09 € 8,847.21 €

4,495.37 € 4,517.60 € 4,419.85 € 4,552.23 € 4,665.43 € 4,792.24 €

4,927.62 € 4,951.99 € 4,844.84 € 4,989.94 € 5,114.02 € 5,253.03 €

2,247.69 € 2,258.80 € 2,209.93 € 2,276.11 € 2,332.71 € 2,396.12 €

5,532.77 € 5,560.12 € 5,439.82 € 5,602.74 € 5,742.06 € 5,898.14 €

2,996.92 € 3,011.73 € 2,946.57 € 3,034.82 € 3,110.28 € 3,194.83 €

3,285.08 € 3,301.32 € 3,229.89 € 3,326.63 € 3,409.35 € 3,502.02 €

1,498.46 € 1,505.87 € 1,473.28 € 1,517.41 € 1,555.14 € 1,597.41 €

246,986.15 € 248,207.45 € 242,837.02 € 250,109.91 € 256,329.22 € 263,296.79 €

3,529,568.51 € 3,625,079.34 € 3,628,572.83 € 3,827,723.42 € 4,022,641.05 € 4,241,112.30 €

726,675.87 € 746,339.86 € 747,059.11 € 788,060.70 € 828,190.80 € 873,170.18 €

899,693.93 € 924,039.83 € 924,930.33 € 975,694.21 € 1,025,379.09 € 1,081,067.84 €

190,319.87 € 195,469.96 € 195,658.34 € 206,396.85 € 216,907.12 € 228,687.43 €

207,621.68 € 213,239.96 € 213,445.46 € 225,160.20 € 236,625.94 € 249,477.19 €

112,461.74 € 115,504.98 € 115,616.29 € 121,961.78 € 128,172.39 € 135,133.48 €

123,275.37 € 126,611.23 € 126,733.24 € 133,688.87 € 140,496.65 € 148,127.08 €

56,230.87 € 57,752.49 € 57,808.15 € 60,980.89 € 64,086.19 € 67,566.74 €

138,414.45 € 142,159.97 € 142,296.97 € 150,106.80 € 157,750.63 € 166,318.13 €

74,974.49 € 77,003.32 € 77,077.53 € 81,307.85 € 85,448.26 € 90,088.99 €

82,183.58 € 84,407.48 € 84,488.83 € 89,125.91 € 93,664.44 € 98,751.39 €

37,487.25 € 38,501.66 € 38,538.76 € 40,653.93 € 42,724.13 € 45,044.49 €

6,178,907.62 € 6,346,110.10 € 6,352,225.84 € 6,700,861.41 € 7,042,086.69 € 7,424,545.24 €

3,479,656.06 € 3,636,156.10 € 3,704,098.71 € 3,975,173.62 € 4,251,456.02 € 4,558,872.30 €

2020

7950

111

309

8148

2020

55.00%

15.00%

5.00%

10.00%

100.00%

€

2018 2019 2020

73.82% 75.39% 76.64%

7848 8014 8148

3.46% 2.12% 1.67%

58.58% 59.75% 60.95%

17,640.00 € 22,650.00 € 25,492.50 €

5,292.00 € 5,436.00 € 5,562.00 €

7,350.00 € 6,040.00 € 4,635.00 €

2,205.00 € 1,132.50 € 1,158.75 €

1,470.00 € 1,510.00 € 1,545.00 €

33,957.00 € 36,768.50 € 38,393.25 €

3250 3225 3181

132,600.00 € 131,580.00 € 129,784.80 €

27,300.00 € 27,090.00 € 26,720.40 €

33,800.00 € 33,540.00 € 33,082.40 €

7,150.00 € 7,095.00 € 6,998.20 €

7,800.00 € 7,740.00 € 7,634.40 €

4,225.00 € 4,192.50 € 4,135.30 €

4,631.25 € 4,595.63 € 4,532.92 €

2,112.50 € 2,096.25 € 2,067.65 €

5,200.00 € 5,160.00 € 5,089.60 €

2,816.67 € 2,795.00 € 2,756.87 €

3,087.50 € 3,063.75 € 3,021.95 €

1,408.33 € 1,397.50 € 1,378.43 €

232,131.25 € 230,345.63 € 227,202.93 €

3,842,292.83 € 3,923,749.44 € 3,989,276.05 €

791,060.29 € 807,830.77 € 821,321.54 €

979,407.98 € 1,000,171.43 € 1,016,874.29 €

207,182.46 € 211,574.72 € 215,108.02 €

226,017.23 € 230,808.79 € 234,663.30 €

122,426.00 € 125,021.43 € 127,109.29 €

134,197.73 € 137,042.72 € 139,331.33 €

61,213.00 € 62,510.71 € 63,554.64 €

150,678.15 € 153,872.53 € 156,442.20 €

81,617.33 € 83,347.62 € 84,739.52 €

89,465.15 € 91,361.81 € 92,887.56 €

40,808.67 € 41,673.81 € 42,369.76 €

6,726,366.80 € 6,868,965.77 € 6,983,677.50 €

4,206,593.63 € 4,371,639.10 € 4,522,128.13 €

2018 2019 2020

1.1705 1.1998 1.2298

73.82% 75.39% 76.64%

7848 8014 8148

3.46% 2.12% 1.67%

58.58% 59.75% 60.95%

20,648.30 € 27,175.51 € 31,350.60 €

6,194.49 € 6,522.12 € 6,840.13 €

8,603.46 € 7,246.80 € 5,700.11 €

2,581.04 € 1,358.78 € 1,425.03 €

1,720.69 € 1,811.70 € 1,900.04 €

39,747.97 € 44,114.91 € 47,215.90 €

3250 3225 3181

155,213.39 € 157,869.92 € 159,608.94 €

31,955.70 € 32,502.63 € 32,860.66 €

39,564.20 € 40,241.35 € 40,684.63 €

8,369.35 € 8,512.59 € 8,606.36 €

9,130.20 € 9,286.47 € 9,388.76 €

4,945.52 € 5,030.17 € 5,085.58 €

5,421.06 € 5,513.84 € 5,574.58 €

2,472.76 € 2,515.08 € 2,542.79 €

6,086.80 € 6,190.98 € 6,259.17 €

3,297.02 € 3,353.45 € 3,390.39 €

3,614.04 € 3,675.89 € 3,716.38 €

1,648.51 € 1,676.72 € 1,695.19 €

271,718.53 € 276,369.10 € 279,413.44 €

4,497,551.15 € 4,707,721.72 € 4,905,999.18 €

925,966.41 € 969,236.82 € 1,010,058.66 €

1,146,434.61 € 1,200,007.50 € 1,250,548.81 €

242,515.01 € 253,847.74 € 264,539.17 €

264,561.83 € 276,924.81 € 288,588.19 €

143,304.33 € 150,000.94 € 156,318.60 €

157,083.59 € 164,424.10 € 171,349.24 €

71,652.16 € 75,000.47 € 78,159.30 €

176,374.55 € 184,616.54 € 192,392.12 €

95,536.22 € 100,000.62 € 104,212.40 €

104,722.39 € 109,616.07 € 114,232.82 €

47,768.11 € 50,000.31 € 52,106.20 €

7,873,470.37 € 8,241,397.64 € 8,588,504.70 €

4,923,979.21 € 5,245,100.55 € 5,561,299.00 €

Pressupostos

Contrato Arrendamento com duração igual à vida útil do Projecto

Margem de Lucro 1.50

Evolução Rendas Ritmo de inflação

Valor Construção

2,506,216.76

MERCHANDISING - A PREÇOS CONSTANTES DO ANO 0

2009 2010

Vendas Por Cartões - € - €

Vendas Merchandising - € - €

MERCHANDISING - A PREÇOS CORRENTES

2009 2010

Factor Acumulado de Inflacção 1 1.007

Vendas Por Cartões - € - €

VENDAS MERCHANDISING - € - €

RENDAS - A PREÇOS CONSTANTES DO ANO 0

2009 2010

Bar - € - €

Centro de Estética - € - €

Sala Massagens - € - €

TOTAL - € - €

RENDAS - A PREÇOS CORRENTES

2009 2010

Factor Acumulado de Inflação 1.0000 1.0070

Bar - € - €

Centro Estética - € - €

Sala Massagens - € - €

TOTAL - € - €

VENDA DE ELECTRICIDADE À REDE - A PREÇOS CONSTANTES DO ANO 0

2009 2010

VENDA ELECTRICIDADE - € - €

Índice

VENDA DE ELECTRICIDADE À REDE - A PREÇOS CORRENTES

2009 2010

Factor Acumulado de Inflação 1.0000 1.0070

VENDA ELECTRICIDADE - € - €

Rendas

Custo €/m² 54.96 €

Espaços a alugar Área a alugar Renda Anual Renda Mensal

Bar 230.00 12,641.01 € 1,053.42 €

Centro Estética 135.00 7,419.72 € 618.31 €

Sala Massagens 116.00 6,375.46 € 531.29 €

TOTAL 26,436.19 € 2,203.02 €

2011 2012 2013 2014 2015

2,799,158.01 € 3,374,018.97 € 3,463,426.23 € 3,462,356.56 € 3,642,882.54 €

6,997.90 € 8,435.05 € 8,658.57 € 8,655.89 € 9,107.21 €

2011 2012 2013 2014 2015

1.01707 1.03130898 1.04987254164 1.06982011993116 1.09121652232978

2,846,939.64 € 3,479,656.06 € 3,636,156.10 € 3,704,098.71 € 3,975,173.62 €

7,117.35 € 8,699.14 € 9,090.39 € 9,260.25 € 9,937.93 €

2011 2012 2013 2014 2015

9,480.75 € 12,641.01 € 12,641.01 € 12,641.01 € 12,641.01 €

5,564.79 € 7,419.72 € 7,419.72 € 7,419.72 € 7,419.72 €

4,781.60 € 6,375.46 € 6,375.46 € 6,375.46 € 6,375.46 €

19,827.14 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 €

2011 2012 2013 2014 2015

1.0171 1.0313 1.0499 1.0698 1.0912

9,642.59 € 13,036.78 € 13,271.44 € 13,523.60 € 13,794.07 €

5,659.78 € 7,652.02 € 7,789.76 € 7,937.77 € 8,096.52 €

4,863.22 € 6,575.07 € 6,693.42 € 6,820.60 € 6,957.01 €

20,165.59 € 27,263.88 € 27,754.63 € 28,281.97 € 28,847.61 €

2011 2012 2013 2014 2015

2,017.50 € 4,035.00 € 4,035.00 € 4,035.00 € 4,035.00 €

2011 2012 2013 2014 2015

1.0171 1.0313 1.0499 1.0698 1.0912

2,051.94 € 4,161.33 € 4,236.24 € 4,316.72 € 4,403.06 €

Área total do Edificio (m)

Pisos Largura Comprimento Area (m²)

4 30 60 7200

2 35 60 4200

Área total 11,400.00

€

2016 2017 2018 2019 2020

3,812,201.62 € 3,992,046.97 € 4,206,593.63 € 4,371,639.10 € 4,522,128.13 €

9,530.50 € 9,980.12 € 10,516.48 € 10,929.10 € 11,305.32 €

€

2016 2017 2018 2019 2020

1.11522328582104 1.14198864468074 1.17053836079776 1.19980181981771 1.22979686531315

4,251,456.02 € 4,558,872.30 € 4,923,979.21 € 5,245,100.55 € 5,561,299.00 €

10,628.64 € 11,397.18 € 12,309.95 € 13,112.75 € 13,903.25 €

€

2016 2017 2018 2019 2020

12,641.01 € 12,641.01 € 12,641.01 € 12,641.01 € 12,641.01 €

7,419.72 € 7,419.72 € 7,419.72 € 7,419.72 € 7,419.72 €

6,375.46 € 6,375.46 € 6,375.46 € 6,375.46 € 6,375.46 €

26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 €

€

2016 2017 2018 2019 2020

1.1152 1.1420 1.1705 1.1998 1.2298

14,097.54 € 14,435.88 € 14,796.78 € 15,166.70 € 15,545.87 €

8,274.65 € 8,473.24 € 8,685.07 € 8,902.19 € 9,124.75 €

7,110.07 € 7,280.71 € 7,462.72 € 7,649.29 € 7,840.53 €

29,482.25 € 30,189.83 € 30,944.57 € 31,718.19 € 32,511.14 €

€

2016 2017 2018 2019 2020

4,035.00 € 4,035.00 € 2,966.00 € 2,818.00 € 2,677.00 €

€

2016 2017 2018 2019 2020

1.1152 1.1420 1.1705 1.1998 1.2298

4,499.93 € 4,607.92 € 3,471.82 € 3,381.04 € 3,292.17 €

CUSTOS DE EXPLORAÇÃO E PAGAMENTOS - A PREÇOS CONSTANTES DO ANO 0

CUSTO MERCADORIAS VENDIDAS 0 1 2 3

Merchandising

C.M.V 5% - € - € 6,648.00 € 8,013.30 €

Finais 1 - € - € 554.00 € 667.77 €

Iniciais - € - € - € 554.00 €

Compras Merchandising - € - € 7,202.00 € 8,127.07 €

FORNECIMENTOS E SERVIÇOS EXTERNOS

Subcontratos

Segurança 7.50 € - € - € 67.50 € 90.00 €

Publicidade e Propaganda 1,500.00 € - € - € - € 18,000.00 €

Comunicações 150.28 € - € - € 1,352.52 € 1,803.36 €

Água e Electricidade 8.345% - € - € 175,192.30 € 281,561.88 €

Conservação e Reparação 1,101.50 € - € - € 9,913.50 € 13,218.00 €

Manutenção Paineis Solares 200.00 € - € - € 150.00 € 200.00 €

Livro e Documentação técnica 75.00 € - € - € 675.00 € 900.00 €

Material Desgaste Rápido 410.74 € - € - € 3,696.66 € 4,928.88 €

Seguro Responsabilidade Civil e Exploração 115.60 € - € - € 1,040.40 € 1,387.20 €

Seguros Multirisco 6,607.25 € - € - € 4,955.44 € 6,607.25 €

Limpeza 33,475.95 € - € - € 301,283.55 € 401,711.40 €

Material de escritório 525.00 € - € - € 4,725.00 € 6,300.00 €

Assistência técnica 127.92 € - € - € - € - €

Honorários 500.00 € - € - € 4,500.00 € 6,000.00 €

TOTAL DAS DESPESAS COM FSE - € - € 507,551.87 € 742,707.97 €

TOTAL FSE + CUSTO MERCHANDISING - € - € 514,753.87 € 750,835.04 €

CUSTOS DE EXPLORAÇÃO E PAGAMENTOS - A PREÇOS CORRENTES

FORNECIMENTOS E SERVIÇOS EXTERNOS 0 1 2 3

Factor Acumulado de Inflação 1.000 1.007 1.01707 1.03130898

Merchandising

C.M.V 5% - € - € 6,761.48 € 8,264.18 €

Finais 1 - € - € 563.46 € 688.68 €

Iniciais - € - € - € 563.46 €

Índice

Compras Merchandising - € - € 7,324.94 € 8,389.41 €

FORNECIMENTO E SERVIÇOS EXTERNOS

Subcontratos

Segurança 7.50 € - € - € 68.65 € 92.82 €

Publicidade e Propaganda 1,500.00 € - € - € - € 18,563.56 €

Comunicações 150.28 € - € - € 1,375.61 € 1,859.82 €

Água e Electricidade 8.345% - € - € 181,224.42 € 299,468.71 €

Conservação e Reparação 1,101.50 € - € - € 10,082.72 € 13,631.84 €

Manutenção Paineis Solares 200.00 € - € - € 152.56 € 206.26 €

Livro e Documentação técnica 75.00 € - € - € 686.52 € 928.18 €

Material Desgaste Rápido 410.74 € - € - € 3,759.76 € 5,083.20 €

Seguro Responsabilidade Civil e Exploração 115.60 € - € - € 1,058.16 € 1,430.63 €

Seguros Multirisco 6,607.25 € - € - € 5,040.03 € 6,814.12 €

Limpeza 33,475.95 € - € - € 306,426.46 € 414,288.57 €

Material de escritório 525.00 € - € - € 4,805.66 € 6,497.25 €

Assistência técnica 127.92 € - € - € - € - €

Honorários 500.00 € - € - € 4,576.82 € 6,187.85 €

TOTAL DAS DESPESAS COM FSE - € - € 519,257.36 € 775,052.82 €

TOTAL FSE + CUSTO MERCHANDISING - € - € 526,582.30 € 783,442.23 €

4 5 6 7 8 9 10

8,225.64 € 8,223.10 € 8,651.85 € 9,053.98 € 9,481.11 € 9,990.66 € 10,382.64 €

685.47 € 685.26 € 720.99 € 754.50 € 790.09 € 832.55 € 865.22 €

667.77 € 685.47 € 685.26 € 720.99 € 754.50 € 790.09 € 832.55 €

8,243.33 € 8,222.89 € 8,687.58 € 9,087.49 € 9,516.71 € 10,033.12 € 10,415.31 €

90.00 € 90.00 € 90.00 € 90.00 € 90.00 € 90.00 € 90.00 €

18,000.00 € 18,000.00 € 18,000.00 € 18,000.00 € 18,000.00 € 18,000.00 € 18,000.00 €

1,803.36 € 1,803.36 € 1,803.36 € 1,803.36 € 1,803.36 € 1,803.36 € 1,803.36 €

289,022.92 € 288,933.66 € 303,998.55 € 318,128.23 € 333,136.32 € 351,040.24 € 364,813.28 €

13,218.00 € 13,218.00 € 13,218.00 € 13,218.00 € 13,218.00 € 13,218.00 € 13,218.00 €

200.00 € 200.00 € 200.00 € 200.00 € 200.00 € 200.00 € 200.00 €

900.00 € 900.00 € 900.00 € 900.00 € 900.00 € 900.00 € 900.00 €

4,928.88 € 4,928.88 € 4,928.88 € 4,928.88 € 4,928.88 € 4,928.88 € 4,928.88 €

1,387.20 € 1,387.20 € 1,387.20 € 1,387.20 € 1,387.20 € 1,387.20 € 1,387.20 €

6,607.25 € 6,607.25 € 6,607.25 € 6,607.25 € 6,607.25 € 6,607.25 € 6,607.25 €

401,711.40 € 401,711.40 € 401,711.40 € 401,711.40 € 401,711.40 € 401,711.40 € 401,711.40 €

6,300.00 € 6,300.00 € 6,300.00 € 6,300.00 € 6,300.00 € 6,300.00 € 6,300.00 €

1,535.04 € 1,535.04 € 1,535.04 € 1,535.04 € 1,535.04 € 1,535.04 € 1,535.04 €

6,000.00 € 6,000.00 € 6,000.00 € 6,000.00 € 6,000.00 € 6,000.00 € 6,000.00 €

751,704.05 € 751,614.79 € 766,679.68 € 780,809.36 € 795,817.45 € 813,721.37 € 827,494.41 €

759,947.38 € 759,837.67 € 775,367.25 € 789,896.85 € 805,334.16 € 823,754.49 € 837,909.72 €

4 5 6 7 8 9 10

1.04987254164 1.069820119931 1.09121652233 1.115223285821 1.141988644681 1.1705383607978 1.1998018198177

8,635.87 € 8,797.23 € 9,441.04 € 10,097.21 € 10,827.32 € 11,694.45 € 12,457.11 €

719.66 € 733.10 € 786.75 € 841.43 € 902.28 € 974.54 € 1,038.09 €

688.68 € 719.66 € 733.10 € 786.75 € 841.43 € 902.28 € 974.54 €

8,666.84 € 8,810.68 € 9,494.69 € 10,151.89 € 10,888.16 € 11,766.71 € 12,520.67 €

94.49 € 96.28 € 98.21 € 100.37 € 102.78 € 105.35 € 107.98 €

18,897.71 € 19,256.76 € 19,641.90 € 20,074.02 € 20,555.80 € 21,069.69 € 21,596.43 €

1,893.30 € 1,929.27 € 1,967.86 € 2,011.15 € 2,059.42 € 2,110.90 € 2,163.67 €

318,570.41 € 330,688.93 € 361,987.33 € 395,663.38 € 434,455.75 € 480,981.31 € 525,157.62 €

13,877.22 € 14,140.88 € 14,423.70 € 14,741.02 € 15,094.81 € 15,472.18 € 15,858.98 €

209.97 € 213.96 € 218.24 € 223.04 € 228.40 € 234.11 € 239.96 €

944.89 € 962.84 € 982.09 € 1,003.70 € 1,027.79 € 1,053.48 € 1,079.82 €

5,174.70 € 5,273.01 € 5,378.48 € 5,496.80 € 5,628.72 € 5,769.44 € 5,913.68 €

1,456.38 € 1,484.05 € 1,513.74 € 1,547.04 € 1,584.17 € 1,623.77 € 1,664.37 €

6,936.77 € 7,068.57 € 7,209.94 € 7,368.56 € 7,545.40 € 7,734.04 € 7,927.39 €

421,745.77 € 429,758.94 € 438,354.12 € 447,997.91 € 458,749.86 € 470,218.60 € 481,974.07 €

6,614.20 € 6,739.87 € 6,874.66 € 7,025.91 € 7,194.53 € 7,374.39 € 7,558.75 €

1,611.60 € 1,642.22 € 1,675.06 € 1,711.91 € 1,753.00 € 1,796.82 € 1,841.74 €

6,299.24 € 6,418.92 € 6,547.30 € 6,691.34 € 6,851.93 € 7,023.23 € 7,198.81 €

804,326.63 € 825,674.51 € 866,872.63 € 911,656.15 € 962,832.35 € 1,022,567.32 € 1,080,283.29 €

812,993.47 € 834,485.19 € 876,367.32 € 921,808.04 € 973,720.52 € 1,034,334.03 € 1,092,803.96 €

€

11

10,740.05 €

895.00 €

865.22 €

10,769.84 €

90.00 €

18,000.00 €

1,803.36 €

377,371.59 €

13,218.00 €

200.00 €

900.00 €

4,928.88 €

1,387.20 €

6,607.25 €

401,711.40 €

6,300.00 €

1,535.04 €

6,000.00 €

840,052.72 €

850,822.56 €

€

11

1.2297968653131

13,208.09 €

1,100.67 €

1,038.09 €

13,270.67 €

110.68 €

22,136.34 €

2,217.77 €

570,736.92 €

16,255.45 €

245.96 €

1,106.82 €

6,061.52 €

1,705.97 €

8,125.58 €

494,023.42 €

7,747.72 €

1,887.79 €

7,378.78 €

1,139,740.72 €

1,153,011.39 €

NÚMERO SÓCIOS ACTIVOS

2009 2010 2011

Número sócios 0 0 6527

PESSOAL AO SERVIÇO

2009 2010 2011

Director Geral 0 0 1

Director Operacional 0 0 1

Director Comercial 0 0 1

Responsável Manutenção 0 0 1

Lojista 0 0 1

Empregadas de Limpeza

A 0 0 1

B 0 0 1

C 0 0 1

D 0 0 1

E 0 0 1

Professores

A 0 0 1

B 0 0 1

C 0 0 1

D 0 0 1

E 0 0 1

F 0 0 1

G 0 0 1

H 0 0 1

I 0 0 1

J 0 0 1

K 0 0 1

L 0 0 1

M 0 0 1

N 0 0 1

O 0 0 1

P 0 0 1

R 0 0 1

S 0 0 0

T 0 0 0

Personal Treiners

A 0 0 1

B 0 0 1

C 0 0 1

D 0 0 1

E 0 0 1

F 0 0 1

G 0 0 0

Recepcionistas

A 0 0 1

B 0 0 1

C 0 0 1

D 0 0 1

E 0 0 1

F 0 0 1

G 0 0 1

Vigilantes

A 0 0 1

B 0 0 1

Responsável Wii

A 0 0 1

B 0 0 1

C 0 0 1

D 0 0 1

VENCIMENTO ANUAL - A PREÇOS CONSTANTES DO ANO 0

2009 2010

Director Geral 2,800.00 € - € - €

Director Operacional 2,000.00 € - € - €

Director Comercial 1,900.00 € - € - €

Responsável Manutenção 650.00 € - € - €

Lojista 300.00 € - € - €

Empregadas de Limpeza

A 800.00 € - € - €

B 800.00 € - € - €

C 800.00 € - € - €

D 800.00 € - € - €

E 320.00 € - € - €

Professores

A 1,068.00 € - € - €

B 1,236.00 € - € - €

C 1,792.00 € - € - €

D 1,732.00 € - € - €

E 1,672.00 € - € - €

F 1,432.00 € - € - €

G 1,484.00 € - € - €

H 1,292.00 € - € - €

I 1,372.00 € - € - €

J 1,640.00 € - € - €

K 1,680.00 € - € - €

L 1,680.00 € - € - €

M 1,680.00 € - € - €

N 1,680.00 € - € - €

O 1,680.00 € - € - €

P 1,680.00 € - € - €

R 1,680.00 € - € - €

S 1,680.00 € - € - €

T 1,680.00 € - € - €

Personal Trainers

A 1,280.00 € - € - €

B 1,280.00 € - € - €

C 1,280.00 € - € - €

D 1,280.00 € - € - €

E 1,280.00 € - € - €

F 1,280.00 € - € - €

G 1,280.00 € - € - €

Recepcionistas

A 640.00 € - € - €

B 640.00 € - € - €

C 640.00 € - € - €

D 256.00 € - € - €

E 256.00 € - € - €

F 496.00 € - € - €

G 496.00 € - € - €

Vigilantes

A 1,280.00 € - € - €

B 320.00 € - € - €

Responsável Wii

A 1,120.00 € - € - €

B 1,120.00 € - € - €

C 320.00 € - € - €

D 320.00 € - € - €

Total Vencimentos - € - €

Outras Despesas com Pessoal

Subsidio Alimentação 6.41 € 0 0

Contribuições Segurança Social 23.75% - € - €

Seguro Acidentes de Trabalho 4,864.84 € - € - €

Total Outras Despesas com Pessoal - € - €

Total Custos com Pessoal - € - €

VENCIMENTO ANUAL - A PREÇOS CORRENTES

2009 2010

Factor Acumulado de Inflação 1.000000 1.017000

Director Geral 2,800.00 € - € - €

Director Operacional 2,000.00 € - € - €

Director Comercial 1,900.00 € - € - €

Responsável Manutenção 650.00 € - € - €

Lojista 300.00 € - € - €

Empregadas de Limpeza

A 800.00 € - € - €

B 800.00 € - € - €

C 800.00 € - € - €

D 800.00 € - € - €

E 320.00 € - € - €

Professores

A 1,068.00 € - € - €

B 1,236.00 € - € - €

C 1,792.00 € - € - €

D 1,732.00 € - € - €

E 1,672.00 € - € - €

F 1,432.00 € - € - €

G 1,484.00 € - € - €

H 1,292.00 € - € - €

I 1,372.00 € - € - €

J 1,640.00 € - € - €

K 1,680.00 € - € - €

L 1,680.00 € - € - €

M 1,680.00 € - € - €

N 1,680.00 € - € - €

O 1,680.00 € - € - €

P 1,680.00 € - € - €

R 1,680.00 € - € - €

S 1,680.00 € - € - €

T 1,680.00 € - € - €

Personal Treiners

A 1,280.00 € - € - €

B 1,280.00 € - € - €

C 1,280.00 € - € - €

D 1,280.00 € - € - €

E 1,280.00 € - € - €

F 1,280.00 € - € - €

G 1,280.00 € - € - €

Recepcionistas

A 640.00 € - € - €

B 640.00 € - € - €

C 640.00 € - € - €

D 256.00 € - € - €

E 256.00 € - € - €

F 496.00 € - € - €

G 496.00 € - € - €

Vigilantes

A 1,280.00 € - € - €

B 320.00 € - € - €

Responsável Wii

A 1,120.00 € - € - €

B 1,120.00 € - € - €

C 320.00 € - € - €

D 320.00 € - € - €

Total Vencimentos - € - €

Outras Despesas com Pessoal

Subsidio Alimentação 6.41 € 0 0

Contribuições Segurança Social 23.75% - € - €

Seguro Acidentes de Trabalho 4,864.84 € - € - €

Total Outras Despesas com Pessoal - € - €

Total Custos com Pessoal - € - €

2012 2013 2014 2015 2016 2017 2018

6990 7052 6928 7165 7367 7585 7848

2012 2013 2014 2015 2016 2017 2018

1 1 1 1 1 1 1

0 1 0 1 1 1 1

1 1 1 1 1 1 1

Índice

1 1 1 1 1 1 1

0 1 0 1 1 1 1

1 1 1 1 1 1 1

2011 2012 2013 2014 2015 2016 2017

30,800.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 €

22,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 €

26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 €

7,150.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 €

3,300.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 €

8,800.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 €

3,520.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 €

9,612.00 € 12,816.00 € 12,816.00 € 12,816.00 € 12,816.00 € 12,816.00 € 12,816.00 €

11,124.00 € 14,832.00 € 14,832.00 € 14,832.00 € 14,832.00 € 14,832.00 € 14,832.00 €

16,128.00 € 21,504.00 € 21,504.00 € 21,504.00 € 21,504.00 € 21,504.00 € 21,504.00 €

15,588.00 € 20,784.00 € 20,784.00 € 20,784.00 € 20,784.00 € 20,784.00 € 20,784.00 €

15,048.00 € 20,064.00 € 20,064.00 € 20,064.00 € 20,064.00 € 20,064.00 € 20,064.00 €

12,888.00 € 17,184.00 € 17,184.00 € 17,184.00 € 17,184.00 € 17,184.00 € 17,184.00 €

13,356.00 € 17,808.00 € 17,808.00 € 17,808.00 € 17,808.00 € 17,808.00 € 17,808.00 €

11,628.00 € 15,504.00 € 15,504.00 € 15,504.00 € 15,504.00 € 15,504.00 € 15,504.00 €

12,348.00 € 16,464.00 € 16,464.00 € 16,464.00 € 16,464.00 € 16,464.00 € 16,464.00 €

14,760.00 € 19,680.00 € 19,680.00 € 19,680.00 € 19,680.00 € 19,680.00 € 19,680.00 €

15,120.00 € 20,160.00 € 20,160.00 € 20,160.00 € 20,160.00 € 20,160.00 € 20,160.00 €

- € - € 20,160.00 € - € 20,160.00 € 20,160.00 € 20,160.00 €

11,520.00 € 15,360.00 € 15,360.00 € 15,360.00 € 15,360.00 € 15,360.00 € 15,360.00 €

- € - € 15,360.00 € - € 15,360.00 € 15,360.00 € 15,360.00 €

7,040.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 €

2,816.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 €

5,456.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 €

14,080.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 €

3,520.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 €

12,320.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 €

3,520.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 €

522,954.00 € 676,956.00 € 732,636.00 € 676,956.00 € 732,636.00 € 732,636.00 € 732,636.00 €

24,575.94 € 32,767.92 € 32,767.92 € 32,767.92 € 32,767.92 € 32,767.92 € 32,767.92 €

50,414.58 € 62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 €

4,864.84 € 4,864.84 € 4,864.84 € 4,864.84 € 4,864.84 € 4,864.84 € 4,864.84 €

79,855.36 € 100,073.81 € 100,073.81 € 100,073.81 € 100,073.81 € 100,073.81 € 100,073.81 €

602,809.36 € 777,029.81 € 832,709.81 € 777,029.81 € 832,709.81 € 832,709.81 € 832,709.81 €

2011 2012 2013 2014 2015 2016 2017

1.037340 1.062236 1.091979 1.123646 1.157356 1.194391 1.235000

31,950.07 € 41,639.66 € 42,805.57 € 44,046.93 € 45,368.34 € 46,820.12 € 48,412.01 €

22,821.48 € 29,742.61 € 30,575.41 € 31,462.09 € 32,405.96 € 33,442.95 € 34,580.01 €

27,593.24 € 28,255.48 € 29,046.64 € 29,888.99 € 30,785.66 € 31,770.80 € 32,851.01 €

7,416.98 € 9,666.35 € 9,937.01 € 10,225.18 € 10,531.94 € 10,868.96 € 11,238.50 €

3,423.22 € 4,461.39 € 4,586.31 € 4,719.31 € 4,860.89 € 5,016.44 € 5,187.00 €

9,128.59 € 11,897.04 € 12,230.16 € 12,584.84 € 12,962.38 € 13,377.18 € 13,832.00 €

3,651.44 € 4,758.82 € 4,892.06 € 5,033.93 € 5,184.95 € 5,350.87 € 5,532.80 €

9,970.91 € 13,613.62 € 13,994.80 € 14,400.65 € 14,832.67 € 15,307.31 € 15,827.76 €

11,539.37 € 15,755.09 € 16,196.23 € 16,665.92 € 17,165.90 € 17,715.21 € 18,317.52 €

16,730.22 € 22,842.33 € 23,481.91 € 24,162.89 € 24,887.77 € 25,684.18 € 26,557.44 €

16,170.06 € 22,077.52 € 22,695.69 € 23,353.86 € 24,054.48 € 24,824.22 € 25,668.24 €

15,609.89 € 21,312.71 € 21,909.46 € 22,544.84 € 23,221.18 € 23,964.26 € 24,779.04 €

13,369.24 € 18,253.47 € 18,764.56 € 19,308.74 € 19,888.00 € 20,524.41 € 21,222.24 €

13,854.71 € 18,916.30 € 19,445.96 € 20,009.89 € 20,610.19 € 21,269.71 € 21,992.88 €

12,062.19 € 16,468.91 € 16,930.04 € 17,421.01 € 17,943.64 € 18,517.84 € 19,147.44 €

12,809.07 € 17,488.66 € 17,978.34 € 18,499.71 € 19,054.70 € 19,664.45 € 20,333.04 €

15,311.14 € 20,904.81 € 21,490.14 € 22,113.36 € 22,776.76 € 23,505.61 € 24,304.80 €

15,684.58 € 21,414.68 € 22,014.29 € 22,652.71 € 23,332.29 € 24,078.92 € 24,897.60 €

- € - € 22,014.29 € - € 23,332.29 € 24,078.92 € 24,897.60 €

11,950.16 € 16,315.95 € 16,772.79 € 17,259.20 € 17,776.98 € 18,345.84 € 18,969.60 €

- € - € 16,772.79 € - € 17,776.98 € 18,345.84 € 18,969.60 €

7,302.87 € 9,517.64 € 9,784.13 € 10,067.87 € 10,369.91 € 10,701.74 € 11,065.60 €

2,921.15 € 3,807.05 € 3,913.65 € 4,027.15 € 4,147.96 € 4,280.70 € 4,426.24 €

5,659.73 € 7,376.17 € 7,582.70 € 7,802.60 € 8,036.68 € 8,293.85 € 8,575.84 €

14,605.75 € 19,035.27 € 19,568.26 € 20,135.74 € 20,739.81 € 21,403.49 € 22,131.20 €

3,651.44 € 4,758.82 € 4,892.06 € 5,033.93 € 5,184.95 € 5,350.87 € 5,532.80 €

12,780.03 € 16,655.86 € 17,122.23 € 17,618.77 € 18,147.33 € 18,728.05 € 19,364.80 €

3,651.44 € 4,758.82 € 4,892.06 € 5,033.93 € 5,184.95 € 5,350.87 € 5,532.80 €

542,481.10 € 719,087.14 € 800,022.96 € 760,659.01 € 847,920.33 € 875,053.79 € 904,805.61 €

25,493.61 € 33,991.47 € 34,807.27 € 35,781.87 € 36,819.55 € 37,924.13 € 39,137.71 €

52,297.06 € 66,327.14 € 68,184.30 € 70,161.65 € 72,266.50 € 74,579.02 € 77,114.71 €

5,046.49 € 5,167.61 € 5,312.30 € 5,466.36 € 5,630.35 € 5,810.52 € 6,008.08 €

82,837.15 € 105,486.22 € 108,303.87 € 111,409.88 € 114,716.39 € 118,313.68 € 122,260.49 €

625,318.26 € 824,573.37 € 908,326.83 € 872,068.89 € 962,636.73 € 993,367.46 € 1,027,066.11 €

LIMPEZA

€ Preço Hora 5.00 €

2019 2020 Horas Semana

8014 8148 A 40

B 40

€ C 40

2019 2020 D 40

1 1 E 16

1 1

1 1 PESSOAL SUPERIOR

1 1 Mês

Director Geral 2,800.00 €

1 1 Director Operacional 2,000.00 €

Director Comercial 1,900.00 €

1 1 Responsável Manutenção 650.00 €

1 1

1 1 LOJA

1 1 Preço Hora 3.00 €

1 1 Horas Semana

1 25

1 1

1 1 PROFESSORES

1 1 Aulas de Grupo

1 1 Preços Hora 15.00 €

1 1 Horas Semana

1 1 A 5

1 1 B 11

1 1 C 24

1 1 D 23

1 1 E 14

1 1 F 10

1 1 G 13

1 1 H 13

1 1 I 9

1 1 J 14

1 1 K 28

1 1 L 28

1 1 M 28

1 1 N 28

O 28

1 1 P 28

1 1 Q 28

1 1 R 28

1 1 S 28

1 1 T 28

1 1

1 1 PTs

Preço Hora 8.00 €

1 1 Horas Semana

1 1 A 40

1 1 B 40

1 1 C 40

1 1 D 40

1 1 E 40

1 1 F 40

G 40

1 1

1 1 RECEPCIONISTAS

Preço Hora 4.00 €

1 1 Horas Semana

1 1 A 40

1 1 B 40

1 1 C 40

D 16

E 16

€ F 31

2018 2019 2020 G 31

39,200.00 € 39,200.00 € 39,200.00 € VIGILANTES

28,000.00 € 28,000.00 € 28,000.00 € Preço Hora 8.00 €

26,600.00 € 26,600.00 € 26,600.00 € Horas Semana

9,100.00 € 9,100.00 € 9,100.00 € A 40

B 10

4,200.00 € 4,200.00 € 4,200.00 €

Wii

11,200.00 € 11,200.00 € 11,200.00 € Preço Hora 8.00 €

11,200.00 € 11,200.00 € 11,200.00 € Horas Semana

11,200.00 € 11,200.00 € 11,200.00 € A 35

11,200.00 € 11,200.00 € 11,200.00 € B 35

4,480.00 € 4,480.00 € 4,480.00 € C 10

D 10

12,816.00 € 12,816.00 € 12,816.00 €

14,832.00 € 14,832.00 € 14,832.00 €

21,504.00 € 21,504.00 € 21,504.00 €

20,784.00 € 20,784.00 € 20,784.00 €

20,064.00 € 20,064.00 € 20,064.00 €

17,184.00 € 17,184.00 € 17,184.00 €

17,808.00 € 17,808.00 € 17,808.00 €

15,504.00 € 15,504.00 € 15,504.00 €

16,464.00 € 16,464.00 € 16,464.00 €

19,680.00 € 19,680.00 € 19,680.00 €

20,160.00 € 20,160.00 € 20,160.00 €

15,360.00 € 15,360.00 € 15,360.00 €

8,960.00 € 8,960.00 € 8,960.00 €

3,584.00 € 3,584.00 € 3,584.00 €

6,944.00 € 6,944.00 € 6,944.00 €

17,920.00 € 17,920.00 € 17,920.00 €

4,480.00 € 4,480.00 € 4,480.00 €

15,680.00 € 15,680.00 € 15,680.00 €

4,480.00 € 4,480.00 € 4,480.00 €

732,636.00 € 732,636.00 € 732,636.00 €

32,767.92 € 32,767.92 € 32,767.92 €

62,441.05 € 62,441.05 € 62,441.05 €

4,864.84 € 4,864.84 € 4,864.84 €

100,073.81 € 100,073.81 € 100,073.81 €

832,709.81 € 832,709.81 € 832,709.81 €

€

2018 2019 2020

1.278225 1.322963 1.369267

50,106.43 € 51,860.15 € 53,675.26 €

35,790.31 € 37,042.97 € 38,339.47 €

34,000.79 € 35,190.82 € 36,422.50 €

11,631.85 € 12,038.96 € 12,460.33 €

5,368.55 € 5,556.45 € 5,750.92 €

14,316.12 € 14,817.19 € 15,335.79 €

5,726.45 € 5,926.87 € 6,134.32 €

16,381.73 € 16,955.10 € 17,548.52 €

18,958.64 € 19,622.19 € 20,308.97 €

27,486.96 € 28,449.00 € 29,444.71 €

26,566.63 € 27,496.47 € 28,458.84 €

25,646.31 € 26,543.93 € 27,472.97 €

21,965.02 € 22,733.80 € 23,529.48 €

22,762.63 € 23,559.33 € 24,383.90 €

19,817.60 € 20,511.22 € 21,229.11 €

21,044.70 € 21,781.26 € 22,543.61 €

25,155.47 € 26,035.91 € 26,947.17 €

25,769.02 € 26,670.94 € 27,604.42 €

19,633.54 € 20,320.71 € 21,031.94 €

11,452.90 € 11,853.75 € 12,268.63 €

4,581.16 € 4,741.50 € 4,907.45 €

8,876.00 € 9,186.66 € 9,508.19 €

22,905.80 € 23,707.50 € 24,537.26 €

5,726.45 € 5,926.87 € 6,134.32 €

20,042.57 € 20,744.06 € 21,470.10 €

5,726.45 € 5,926.87 € 6,134.32 €

936,473.81 € 969,250.39 € 1,003,174.16 €

40,468.39 € 41,884.78 € 43,350.75 €

79,813.72 € 82,607.21 € 85,498.46 €

6,218.36 € 6,436.00 € 6,661.26 €

126,500.47 € 130,927.99 € 135,510.47 €

1,062,974.28 € 1,100,178.38 € 1,138,684.63 €

Remuneração

Semana Mês Taxa IRS Empregado Valor IRS N.º dias trabalho Mês

200.00 € 800.00 € 5.00% 40.00 € 22

80.00 € 320.00 € 0.00% - € 8

Taxa IRS IRS Empregado Pressupostos N.º Dias Trabalho Mês

22% 616.00 € Casado 1 Dependente 22

17% 340.00 € Casado 1 Dependente 22

16% 304.00 € Casado 1 Dependente 22

2% 13.00 € Casado 1 Dependente 22

Remuneração

Semana Mês Valor IRS N.º Dias Trabalho Mês

75.00 € 300.00 € - € 22

PTs

8.00 € Remuneração

Horas Semana Mês

24 267.00 € 1,068.00 €

18 309.00 € 1,236.00 €

11 448.00 € 1,792.00 €

11 433.00 € 1,732.00 €

26 418.00 € 1,672.00 €

26 358.00 € 1,432.00 €

22 371.00 € 1,484.00 €

16 323.00 € 1,292.00 €

26 343.00 € 1,372.00 €

25 410.00 € 1,640.00 €

420.00 € 1,680.00 €

0

Remuneração

Semana Mês

320.00 € 1,280.00 €

Remuneração

Semana Mês Taxa IRS empregado Valor IRS N.º Dias Trabalho Mês

160.00 € 640.00 € 2% 12.80 € 22

64.00 € 256.00 € 0% - € 8

124.00 € 496.00 € 0% - € 24

Remuneração

Semana Mês Taxa IRS Empregado Valor IRS N.º Dias Trabalho Mês

320.00 € 1,280.00 € 11% 140.80 € 22

80.00 € 320.00 € 0% - € 8

Remuneração

Semana Mês Taxa IRS Empregado Valor IRS N.º Dias Trabalho Mês

280.00 € 1,120.00 € 9% 100.80 € 22

80.00 € 320.00 € 0% - € 8

MAPA AUXILIAR REMUNERAÇÕES ANUAIS - PREÇOS CONSTANTES DO ANO 0

2009 2010 2011 2012

Empregadas de Limpeza

A - € - € 8,800.00 € 11,200.00 €

B - € - € 8,800.00 € 11,200.00 €

C - € - € 8,800.00 € 11,200.00 €

D - € - € 8,800.00 € 11,200.00 €

E - € - € 3,520.00 € 4,480.00 €

Pessoal Superior

Director Geral - € - € 30,800.00 € 39,200.00 €

Director Operacional - € - € 22,000.00 € 28,000.00 €

Director Comercial - € - € 26,600.00 € 26,600.00 €

Responsável Manutenção - € - € 7,150.00 € 9,100.00 €

Lojista - € - € 3,300.00 € 4,200.00 €

Recepcionistas

A - € - € 7,040.00 € 8,960.00 €

B - € - € 7,040.00 € 8,960.00 €

C - € - € 7,040.00 € 8,960.00 €

D - € - € 2,816.00 € 3,584.00 €

E - € - € 2,816.00 € 3,584.00 €

F - € - € 5,456.00 € 6,944.00 €

G - € - € 5,456.00 € 6,944.00 €

Vigilantes

A - € - € 14,080.00 € 17,920.00 €

B - € - € 3,520.00 € 4,480.00 €

Responsável Wii

A - € - € 12,320.00 € 15,680.00 €

B - € - € 12,320.00 € 15,680.00 €

C - € - € 3,520.00 € 4,480.00 €

D - € - € 3,520.00 € 4,480.00 €

MAPA AUXILIAR REMUNERAÇÕES ANUAIS - PREÇOS CORRENTES

2009 2010 2011 2012

Factor Acumulado de Inflação 1.00000 1.01700 1.03734 1.06224

Empregadas de Limpeza

A - € - € 9,128.59 € 11,897.04 €

B - € - € 9,128.59 € 11,897.04 €

C - € - € 9,128.59 € 11,897.04 €

D - € - € 9,128.59 € 11,897.04 €

E - € - € 3,651.44 € 4,758.82 €

Pessoal Superior

Director Geral - € - € 31,950.07 € 41,639.66 €

Director Operacional - € - € 22,821.48 € 29,742.61 €

Director Comercial - € - € 27,593.24 € 28,255.48 €

Responsável Manutenção - € - € 7,416.98 € 9,666.35 €

Lojista - € - € 3,423.22 € 4,461.39 €

Recepcionistas

A - € - € 7,302.87 € 9,517.64 €

B - € - € 7,302.87 € 9,517.64 €

C - € - € 7,302.87 € 9,517.64 €

D - € - € 2,921.15 € 3,807.05 €

E - € - € 2,921.15 € 3,807.05 €

F - € - € 5,659.73 € 7,376.17 €

G - € - € 5,659.73 € 7,376.17 €

Vigilantes

A - € - € 14,605.75 € 19,035.27 €

B - € - € 3,651.44 € 4,758.82 €

Responsável Wii

A - € - € 12,780.03 € 16,655.86 €

B - € - € 12,780.03 € 16,655.86 €

C - € - € 3,651.44 € 4,758.82 €

D - € - € 3,651.44 € 4,758.82 €

MAPA AUXILIAR REMUNERAÇÕES MENSAIS - PREÇOS CORRENTES

2009 2010 2011 2012

Factor Acumulado de Inflação 1.00000 1.01700 1.03734 1.06224

Empregadas de Limpeza

A - € - € 829.87 € 849.79 €

B - € - € 829.87 € 849.79 €

C - € - € 829.87 € 849.79 €

D - € - € 829.87 € 849.79 €

E - € - € 331.95 € 339.92 €

Pessoal Superior

Director Geral - € - € 2,904.55 € 2,974.26 €

Director Operacional - € - € 2,074.68 € 2,124.47 €

Director Comercial - € - € 1,970.95 € 2,018.25 €

Responsável Manutenção - € - € 674.27 € 690.45 €

Lojista - € - € 311.20 € 318.67 €

Recepcionistas

A - € - € 663.90 € 679.83 €

B - € - € 663.90 € 679.83 €

C - € - € 663.90 € 679.83 €

D - € - € 265.56 € 271.93 €

E - € - € 265.56 € 271.93 €

F - € - € 514.52 € 526.87 €

G - € - € 514.52 € 526.87 €

Vigilantes

A - € - € 1,327.80 € 1,359.66 €

B - € - € 331.95 € 339.92 €

Responsável Wii

A - € - € 1,161.82 € 1,189.70 €

B - € - € 1,161.82 € 1,189.70 €

C - € - € 331.95 € 339.92 €

D - € - € 331.95 € 339.92 €

€

2013 2014 2015 2016 2017 2018 2019 2020

11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 € 11,200.00 €

4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 €

39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 € 39,200.00 €

28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 € 28,000.00 €

26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 € 26,600.00 €

9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 € 9,100.00 €

4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 € 4,200.00 €

8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 € 8,960.00 €

3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 € 3,584.00 €

6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 € 6,944.00 €

17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 € 17,920.00 €

4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 €

15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 € 15,680.00 €

4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 € 4,480.00 €

€

2013 2014 2015 2016 2017 2018 2019 2020

1.09198 1.12365 1.15736 1.19439 1.23500 1.27823 1.32296 1.36927

12,230.16 € 12,584.84 € 12,962.38 € 13,377.18 € 13,832.00 € 14,316.12 € 14,817.19 € 15,335.79 €

4,892.06 € 5,033.93 € 5,184.95 € 5,350.87 € 5,532.80 € 5,726.45 € 5,926.87 € 6,134.32 €

42,805.57 € 44,046.93 € 45,368.34 € 46,820.12 € 48,412.01 € 50,106.43 € 51,860.15 € 53,675.26 €

30,575.41 € 31,462.09 € 32,405.96 € 33,442.95 € 34,580.01 € 35,790.31 € 37,042.97 € 38,339.47 €

29,046.64 € 29,888.99 € 30,785.66 € 31,770.80 € 32,851.01 € 34,000.79 € 35,190.82 € 36,422.50 €

9,937.01 € 10,225.18 € 10,531.94 € 10,868.96 € 11,238.50 € 11,631.85 € 12,038.96 € 12,460.33 €

4,586.31 € 4,719.31 € 4,860.89 € 5,016.44 € 5,187.00 € 5,368.55 € 5,556.45 € 5,750.92 €

9,784.13 € 10,067.87 € 10,369.91 € 10,701.74 € 11,065.60 € 11,452.90 € 11,853.75 € 12,268.63 €

3,913.65 € 4,027.15 € 4,147.96 € 4,280.70 € 4,426.24 € 4,581.16 € 4,741.50 € 4,907.45 €

7,582.70 € 7,802.60 € 8,036.68 € 8,293.85 € 8,575.84 € 8,876.00 € 9,186.66 € 9,508.19 €

19,568.26 € 20,135.74 € 20,739.81 € 21,403.49 € 22,131.20 € 22,905.80 € 23,707.50 € 24,537.26 €

4,892.06 € 5,033.93 € 5,184.95 € 5,350.87 € 5,532.80 € 5,726.45 € 5,926.87 € 6,134.32 €

17,122.23 € 17,618.77 € 18,147.33 € 18,728.05 € 19,364.80 € 20,042.57 € 20,744.06 € 21,470.10 €

4,892.06 € 5,033.93 € 5,184.95 € 5,350.87 € 5,532.80 € 5,726.45 € 5,926.87 € 6,134.32 €

€

2013 2014 2015 2016 2017 2018 2019 2020

1.09198 1.12365 1.15736 1.19439 1.23500 1.27823 1.32296 1.36927

873.58 € 898.92 € 925.88 € 955.51 € 988.00 € 1,022.58 € 1,058.37 € 1,095.41 €

349.43 € 359.57 € 370.35 € 382.21 € 395.20 € 409.03 € 423.35 € 438.17 €

3,057.54 € 3,146.21 € 3,240.60 € 3,344.29 € 3,458.00 € 3,579.03 € 3,704.30 € 3,833.95 €

2,183.96 € 2,247.29 € 2,314.71 € 2,388.78 € 2,470.00 € 2,556.45 € 2,645.93 € 2,738.53 €

2,074.76 € 2,134.93 € 2,198.98 € 2,269.34 € 2,346.50 € 2,428.63 € 2,513.63 € 2,601.61 €

709.79 € 730.37 € 752.28 € 776.35 € 802.75 € 830.85 € 859.93 € 890.02 €

327.59 € 337.09 € 347.21 € 358.32 € 370.50 € 383.47 € 396.89 € 410.78 €

698.87 € 719.13 € 740.71 € 764.41 € 790.40 € 818.06 € 846.70 € 876.33 €

279.55 € 287.65 € 296.28 € 305.76 € 316.16 € 327.23 € 338.68 € 350.53 €

541.62 € 557.33 € 574.05 € 592.42 € 612.56 € 634.00 € 656.19 € 679.16 €

1,397.73 € 1,438.27 € 1,481.42 € 1,528.82 € 1,580.80 € 1,636.13 € 1,693.39 € 1,752.66 €

349.43 € 359.57 € 370.35 € 382.21 € 395.20 € 409.03 € 423.35 € 438.17 €

1,223.02 € 1,258.48 € 1,296.24 € 1,337.72 € 1,383.20 € 1,431.61 € 1,481.72 € 1,533.58 €

349.43 € 359.57 € 370.35 € 382.21 € 395.20 € 409.03 € 423.35 € 438.17 €

DEMONSTRAÇÃO DOS RESULTADOS - A PREÇOS CONSTANTES DO ANO 0

2009 2010 2011 2012

Rendas - € - € 19,827.14 € 26,436.19 €

Vendas e Prestações de Serviços - € - € 2,808,173.40 € 3,386,489.01 €

C.M.V.M.C. - € - € 6,648.00 € 8,013.30 €

MARGEM BRUTA - € - € 2,821,352.55 € 3,404,911.91 €

Fornecimentos e Serviços Externos - € - € 507,551.87 € 742,707.97 €

Custos com o Pessoal - € - € 602,809.36 € 777,029.81 €

EBITDA - € - € 1,710,991.32 € 1,885,174.12 €

Amortizações do Exercício - € 5,366.67 € 237,138.68 € 237,138.68 €

RESULTADO ANTES DE IMPOSTOS - € - 5,366.67 € 1,473,852.64 € 1,648,035.44 €

Prejuízos a Deduzir - € - € - 5,366.67 € - €

Matéria Colectável - € - 5,366.67 € 1,468,485.97 € 1,648,035.44 €

Imposto sobre o Rendimento do Exercício - € - € 389,148.78 € 436,729.39 €

RESULTADOS LÍQUIDOS - € - 5,366.67 € 1,084,703.86 € 1,211,306.05 €

MEIOS LIBERTOS DO PROJECTO - € - € 1,321,842.54 € 1,448,444.73 €

DEMONSTRAÇÃO DOS RESULTADOS - A PREÇOS CORRENTES

2009 2010 2011 2012

Rendas - € - € 20,165.59 € 27,263.88 €

Vendas e Prestações de Serviços - € - € 2,856,108.92 € 3,492,516.53 €

C.M.V.M.C. - € - € 6,761.48 € 8,264.18 €

MARGEM BRUTA - € - € 2,869,513.03 € 3,511,516.23 €

Fornecimentos e Serviços Externos - € - € 519,257.36 € 775,052.82 €

Custos com o Pessoal - € - € 625,318.26 € 824,573.37 €

EBITDA - € - € 1,724,937.42 € 1,911,890.04 €

Amortizações do Exercício - € 5,372.73 € 239,969.38 € 239,969.38 €

RESULTADO ANTES DE IMPOSTOS - € - 5,372.73 € 1,484,968.03 € 1,671,920.66 €

Índice

Prejuízos a Deduzir - € - € - 5,372.73 € - €

Matéria Colectável - € - 5,372.73 € 1,479,595.30 € 1,671,920.66 €

Imposto sobre o Rendimento do Exercício - € - € 392,092.75 € 443,058.97 €

RESULTADOS LÍQUIDOS - € - 5,372.73 € 1,092,875.28 € 1,228,861.68 €

MEIOS LIBERTOS DO PROJECTO - € - € 1,332,844.66 € 1,468,831.07 €

2013 2014 2015 2016 2017 2018 2019

26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 €

3,476,119.79 € 3,475,047.45 € 3,656,024.75 € 3,825,767.12 € 4,006,062.08 € 4,220,076.11 € 4,385,386.20 €

8,225.64 € 8,223.10 € 8,651.85 € 9,053.98 € 9,481.11 € 9,990.66 € 10,382.64 €

3,494,330.35 € 3,493,260.55 € 3,673,809.09 € 3,843,149.34 € 4,023,017.16 € 4,236,521.64 € 4,401,439.74 €

751,704.05 € 751,614.79 € 766,679.68 € 780,809.36 € 795,817.45 € 813,721.37 € 827,494.41 €

832,709.81 € 777,029.81 € 832,709.81 € 832,709.81 € 832,709.81 € 832,709.81 € 832,709.81 €

1,909,916.49 € 1,964,615.95 € 2,074,419.60 € 2,229,630.17 € 2,394,489.90 € 2,590,090.46 € 2,741,235.52 €

248,211.81 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 €

1,661,704.68 € 1,812,057.48 € 1,921,861.13 € 2,077,071.70 € 2,241,931.43 € 2,437,531.99 € 2,588,677.05 €

- € - € - € - € - € - € - €

1,661,704.68 € 1,812,057.48 € 1,921,861.13 € 2,077,071.70 € 2,241,931.43 € 2,437,531.99 € 2,588,677.05 €

440,351.74 € 480,195.23 € 509,293.20 € 550,424.00 € 594,111.83 € 645,945.98 € 685,999.42 €

1,221,352.94 € 1,331,862.25 € 1,412,567.93 € 1,526,647.70 € 1,647,819.60 € 1,791,586.01 € 1,902,677.63 €

1,469,564.75 € 1,484,420.72 € 1,565,126.40 € 1,679,206.17 € 1,800,378.07 € 1,944,144.49 € 2,055,236.10 €

2013 2014 2015 2016 2017 2018 2019

27,754.63 € 28,281.97 € 28,847.61 € 29,482.25 € 30,189.83 € 30,944.57 € 31,718.19 €

3,649,482.72 € 3,717,675.68 € 3,989,514.61 € 4,266,584.58 € 4,574,877.41 € 4,939,760.98 € 5,261,594.34 €

8,635.87 € 8,797.23 € 9,441.04 € 10,097.21 € 10,827.32 € 11,694.45 € 12,457.11 €

3,668,601.48 € 3,737,160.42 € 4,008,921.18 € 4,285,969.63 € 4,594,239.92 € 4,959,011.10 € 5,280,855.42 €

804,326.63 € 825,674.51 € 866,872.63 € 911,656.15 € 962,832.35 € 1,022,567.32 € 1,080,283.29 €

908,326.83 € 872,068.89 € 962,636.73 € 993,367.46 € 1,027,066.11 € 1,062,974.28 € 1,100,178.38 €

1,955,948.02 € 2,039,417.02 € 2,179,411.82 € 2,380,946.01 € 2,604,341.46 € 2,873,469.49 € 3,100,393.74 €

251,079.66 € 154,018.28 € 155,310.94 € 158,242.22 € 158,549.71 € 158,549.71 € 163,867.10 €

1,704,868.36 € 1,885,398.74 € 2,024,100.88 € 2,222,703.79 € 2,445,791.75 € 2,714,919.78 € 2,936,526.64 €

- € - € - € - € - € - € - €

1,704,868.36 € 1,885,398.74 € 2,024,100.88 € 2,222,703.79 € 2,445,791.75 € 2,714,919.78 € 2,936,526.64 €

451,790.11 € 499,630.67 € 536,386.73 € 589,016.51 € 648,134.81 € 719,453.74 € 778,179.56 €

1,253,078.24 € 1,385,768.07 € 1,487,714.15 € 1,633,687.29 € 1,797,656.94 € 1,995,466.04 € 2,158,347.08 €

1,504,157.91 € 1,539,786.35 € 1,643,025.09 € 1,791,929.51 € 1,956,206.64 € 2,154,015.75 € 2,322,214.19 €

€

2020

26,436.19 €

4,536,110.45 €

10,740.05 €

4,551,806.58 €

840,052.72 €

832,709.81 €

2,879,044.05 €

152,558.47 €

2,726,485.58 €

- €

2,726,485.58 €

722,518.68 €

2,003,966.90 €

2,156,525.37 €

€

2020

32,511.14 €

5,578,494.41 €

13,208.09 €

5,597,797.47 €

1,139,740.72 €

1,138,684.63 €

3,319,372.12 €

164,241.23 €

3,155,130.89 €

- €

3,155,130.89 €

836,109.69 €

2,319,021.20 €

2,483,262.43 €

MAPAS DE ESTADO E OUTROS ENTES PÚBLICOS - IVA, SEGURANÇA SOCIAL E IRS - A PREÇOS CONSTANTES DO ANO 0

IMPOSTO SOBRE O VALOR ACRESCENTADO 2009 2010 2011

Vendas Merchandising 20% - € - € 1,399.58 €

Vendas Totais 5% - € - € 140,058.78 €

IVA LIQUIDADO - € - € 141,458.35 €

Compras Totais (merchandising + fse 20%) 20% - € - € 69,352.71 €

Compras de Imobilizado(Painéis Solares e Fotovoltáicos) 12% - € - € 6,664.80 €

Compras de Imobilizado 20% 114,087.41 € 334,682.23 € 266,365.47 €

FSE 5% 5% - € - € 8,759.62 €

IVA DEDUTÍVEL 114,087.41 € 334,682.23 € 351,142.60 €

IVA A PAGAR / RECEBER - 114,087.41 € - 334,682.23 € - 209,684.24 €

SALDO DE IVA 1 - 114,087.41 € - 334,682.23 € - 209,684.24 €

SEGURANÇA SOCIAL E IRS 2009 2010 2011

Massa Salarial Anual (14 Meses) - € - € 215,514.00 €

Segurança Social (Entidade Patronal) 23.75% - € - € 50,414.58 €

Segurança Social (Trabalhador) 11.00% - € - € 23,398.54 €

SALDO DE SEGURANÇA SOCIAL 1 - € - € 6,151.09 €

Empregadas de Limpeza

A 5.00% - € - € 440.00 €

B 5.00% - € - € 440.00 €

C 5.00% - € - € 440.00 €

D 5.00% - € - € 440.00 €

E 0.00% - € - € - €

Pessoal Superior

Director Geral 22.00% - € - € 6,776.00 €

Director Operacional 17.00% - € - € 3,740.00 €

Director Comercial 16.00% - € - € 4,256.00 €

Responsável Manutenção 2.00% - € - € 143.00 €

Lojista 0.00% - € - € - €

Recepcionistas

A 2.00% - € - € 140.80 €

B 2.00% - € - € 140.80 €

C 2.00% - € - € 140.80 €

D 0.00% - € - € - €

Índice

E 0.00% - € - € - €

F 0.00% - € - € - €

G 0.00% - € - € - €

Vigilantes

A 11.00% - € - € 1,548.80 €

B 0.00% - € - € - €

Responsável Wii

A 9.00% - € - € 1,108.80 €

B 9.00% - € - € 1,108.80 €

C 0.00% - € - € - €

D 0.00% - € - € - €

Retenção Trabalhadores Independentes 20% - € - € 61,488.00 €

SALDO DE IRS TRABALHADORES DEPENDENTES 1 - € - € 1,738.65 €

SALDO DE IRS TRABALHADORES INDEPENDENTES 1 - € - € 5,124.00 €

TOTAL IRS - € - € 6,862.65 €

MAPAS DE ESTADO E OUTROS ENTES PÚBLICOS - IVA, SEGURANÇA SOCIAL E IRS - A PREÇOS CORRENTES

IMPOSTO SOBRE O VALOR ACRESCENTADO 2009 2010 2011

Vendas Merchandising 20% - € - € 1,423.47 €

Vendas Totais 5% - € - € 142,449.58 €

IVA LIQUIDADO - € - € 143,873.05 €

Compras Totais (merchandising + fse 20%) 20% - € - € 70,536.56 €

Compras de Imobilizado(Painéis Solares e Fotovoltáicos) 12% - € - € 6,778.57 €

Compras de Imobilizado 20% 114,087.41 € 334,685.87 € 268,455.12 €

FSE 5% 5% - € - € 9,061.22 €

IVA DEDUTÍVEL 114,087.41 € 334,685.87 € 354,831.47 €

IVA A PAGAR / RECEBER - 114,087.41 € - 334,685.87 € - 210,958.42 €

SALDO DE IVA 1 - 114,087.41 € - 334,685.87 € - 210,958.42 €

SEGURANÇA SOCIAL E IRS 2009 2010 2011

Massa Salarial Anual (14 Meses) - € - € 223,561.29 €

Segurança Social (Entidade Patronal) 23.75% - € - € 52,297.06 €

Segurança Social (Trabalhador) 11.00% - € - € 24,272.24 €

SALDO DE SEGURANÇA SOCIAL 1 - € - € 6,380.77 €

Empregadas de Limpeza

A - € - € 456.43 €

B - € - € 456.43 €

C - € - € 456.43 €

D - € - € 456.43 €

E - € - € - €

Pessoal Superior

Director Geral - € - € 7,029.02 €

Director Operacional - € - € 4,107.87 €

Director Comercial - € - € 4,690.85 €

Responsável Manutenção - € - € 222.51 €

Lojista - € - € - €

Recepcionistas

A - € - € 146.06 €

B - € - € 146.06 €

C - € - € 146.06 €

D - € - € - €

E - € - € - €

F - € - € - €

G - € - € - €

Vigilantes - €

A - € - € 1,752.69 €

B - € - € - €

Responsável Wii - €

A - € - € 1,150.20 €

B - € - € 1,150.20 €

C - € - € - €

D - € - € - €

Retenção Trabalhadores Independentes 20% - € - € 63,783.96 €

SALDO DE IRS TRABALHADORES DEPENDENTES 1 - € - € 1,863.94 €

SALDO DE IRS TRABALHADORES INDEPENDENTES 1 - € - € 5,315.33 €

TOTAL IRS - € - € 7,179.27 €

MAPAS DE ESTADO E OUTROS ENTES PÚBLICOS - IVA, SEGURANÇA SOCIAL E IRS - A PREÇOS CONSTANTES DO ANO 0

2012 2013 2014 2015 2016 2017 2018

1,687.01 € 1,731.71 € 1,731.18 € 1,821.44 € 1,906.10 € 1,996.02 € 2,103.30 €

168,902.70 € 173,373.06 € 173,319.58 € 182,345.88 € 190,811.83 € 199,804.10 € 210,477.98 €

170,589.71 € 175,104.77 € 175,050.76 € 184,167.32 € 192,717.93 € 201,800.12 € 212,581.28 €

95,480.05 € 95,833.56 € 95,825.38 € 96,011.26 € 96,171.22 € 96,342.91 € 96,549.47 €

- € - € - € 6,664.80 € - € - € - €

- € 25,437.00 € 2,556.41 € 2,839.10 € 29,807.26 € 2,556.41 € - €

14,078.09 € 14,451.15 € 14,446.68 € 15,199.93 € 15,906.41 € 16,656.82 € 17,552.01 €

109,558.14 € 135,721.71 € 112,828.47 € 120,715.08 € 141,884.90 € 115,556.14 € 114,101.49 €

61,031.57 € 39,383.07 € 62,222.28 € 63,452.24 € 50,833.04 € 86,243.99 € 98,479.79 €

5,085.96 € 3,281.92 € 5,185.19 € 5,287.69 € 4,236.09 € 7,187.00 € 8,206.65 €

2012 2013 2014 2015 2016 2017 2018

267,036.00 € 267,036.00 € 267,036.00 € 267,036.00 € 267,036.00 € 267,036.00 € 267,036.00 €

62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 € 62,441.05 €

28,981.96 € 28,981.96 € 28,981.96 € 28,981.96 € 28,981.96 € 28,981.96 € 28,981.96 €

7,618.58 € 7,618.58 € 7,618.58 € 7,618.58 € 7,618.58 € 7,618.58 € 7,618.58 €

560.00 € 560.00 € 560.00 € 560.00 € 560.00 € 560.00 € 560.00 €

- € - € - € - € - € - € - €

8,624.00 € 8,624.00 € 8,624.00 € 8,624.00 € 8,624.00 € 8,624.00 € 8,624.00 €

4,760.00 € 4,760.00 € 4,760.00 € 4,760.00 € 4,760.00 € 4,760.00 € 4,760.00 €

4,256.00 € 4,256.00 € 4,256.00 € 4,256.00 € 4,256.00 € 4,256.00 € 4,256.00 €

182.00 € 182.00 € 182.00 € 182.00 € 182.00 € 182.00 € 182.00 €

- € - € - € - € - € - € - €

179.20 € 179.20 € 179.20 € 179.20 € 179.20 € 179.20 € 179.20 €

- € - € - € - € - € - € - €

1,971.20 € 1,971.20 € 1,971.20 € 1,971.20 € 1,971.20 € 1,971.20 € 1,971.20 €

- € - € - € - € - € - € - €

1,411.20 € 1,411.20 € 1,411.20 € 1,411.20 € 1,411.20 € 1,411.20 € 1,411.20 €

- € - € - € - € - € - € - €

81,984.00 € 93,120.00 € 81,984.00 € 93,120.00 € 93,120.00 € 93,120.00 € 93,120.00 €

2,116.10 € 2,116.10 € 2,116.10 € 2,116.10 € 2,116.10 € 2,116.10 € 2,116.10 €

6,832.00 € 7,760.00 € 6,832.00 € 7,760.00 € 7,760.00 € 7,760.00 € 7,760.00 €

8,948.10 € 9,876.10 € 8,948.10 € 9,876.10 € 9,876.10 € 9,876.10 € 9,876.10 €

2012 2013 2014 2015 2016 2017 2018

1,739.83 € 1,818.08 € 1,852.05 € 1,987.59 € 2,125.73 € 2,279.44 € 2,461.99 €

174,190.87 € 182,019.62 € 185,420.77 € 198,978.83 € 212,797.80 € 228,174.01 € 246,372.55 €

175,930.70 € 183,837.69 € 187,272.82 € 200,966.42 € 214,923.53 € 230,453.45 € 248,834.54 €

98,472.58 € 100,617.98 € 102,521.39 € 104,774.93 € 107,259.31 € 110,030.59 € 113,023.89 €

- € - € - € 7,272.74 € - € - € - €

- € 25,462.94 € 2,734.90 € 3,098.07 € 33,241.75 € 2,919.39 € - €

14,973.44 € 15,928.52 € 16,534.45 € 18,099.37 € 19,783.17 € 21,722.79 € 24,049.07 €

113,446.02 € 142,009.44 € 121,790.74 € 133,245.11 € 160,284.23 € 134,672.77 € 137,072.95 €

62,484.68 € 41,828.26 € 65,482.08 € 67,721.31 € 54,639.29 € 95,780.68 € 111,761.59 €

5,207.06 € 3,485.69 € 5,456.84 € 5,643.44 € 4,553.27 € 7,981.72 € 9,313.47 €

2012 2013 2014 2015 2016 2017 2018

283,655.30 € 291,597.64 € 300,053.98 € 309,055.59 € 318,945.37 € 329,789.52 € 341,332.15 €

66,327.14 € 68,184.30 € 70,161.65 € 72,266.50 € 74,579.02 € 77,114.71 € 79,813.72 €

30,785.69 € 31,647.69 € 32,565.47 € 33,542.43 € 34,615.79 € 35,792.73 € 37,045.47 €

8,092.74 € 8,319.33 € 8,560.59 € 8,817.41 € 9,099.57 € 9,408.95 € 9,738.27 €

594.85 € 611.51 € 629.24 € 777.74 € 802.63 € 968.24 € 1,002.13 €

- € - € - € - € - € - € - €

9,160.72 € 9,845.28 € 10,130.79 € 10,434.72 € 10,768.63 € 11,618.88 € 12,025.54 €

5,353.67 € 5,809.33 € 5,977.80 € 6,481.19 € 6,688.59 € 6,916.00 € 7,515.96 €

4,803.43 € 5,228.39 € 5,380.02 € 5,849.27 € 6,036.45 € 6,570.20 € 6,800.16 €

289.99 € 298.11 € 409.01 € 421.28 € 434.76 € 561.93 € 581.59 €

- € - € - € - € - € - € - €

285.53 € 293.52 € 302.04 € 414.80 € 428.07 € 442.62 € 572.64 €

- € - € - € - € - € - € - €

- € - € - € - € 82.94 € 85.76 € 177.52 €

- € - € - € - € - € - € - €

2,284.23 € 2,543.87 € 2,617.65 € 2,696.18 € 2,996.49 € 3,098.37 € 3,206.81 €

- € - € - € - € - € - € - €

1,499.03 € 1,883.44 € 1,938.06 € 2,177.68 € 2,247.37 € 2,323.78 € 2,605.53 €

- € - € - € - € - € - € - €

87,086.37 € 101,685.06 € 92,121.01 € 107,772.95 € 111,221.68 € 115,003.22 € 119,028.33 €

2,343.84 € 2,568.21 € 2,651.21 € 2,882.78 € 3,006.69 € 3,232.11 € 3,451.89 €

7,257.20 € 8,473.76 € 7,676.75 € 8,981.08 € 9,268.47 € 9,583.60 € 9,919.03 €

9,601.04 € 11,041.96 € 10,327.96 € 11,863.86 € 12,275.16 € 12,815.71 € 13,370.91 €

Taxas de Retenção

€ Remuneração Taxa

2019 2020 0 0%

2,185.82 € 2,261.06 € 556 0%

218,722.85 € 226,240.26 € 587 1%

220,908.67 € 228,501.32 € 628 2%

670 3%

96,702.35 € 96,844.16 € 720 4%

6,664.80 € - € 795 5%

120,956.09 € 2,556.41 € 900 6%

18,240.66 € 18,868.58 € 980 7%

242,563.90 € 118,269.15 € 1040 8%

1115 9%

- 21,655.23 € 110,232.17 € 1195 11%

1290 12%

- 21,655.23 € 9,186.01 € 1390 13%

1525 14%

2019 2020 1670 15%

267,036.00 € 267,036.00 € 1825 16%

1930 17%

62,441.05 € 62,441.05 € 2040 18%

28,981.96 € 28,981.96 € 2165 19%

2310 20%

7,618.58 € 7,618.58 € 2475 21%

2700 22%

3030 23%

560.00 € 560.00 € 3450 24%

560.00 € 560.00 € 4020 25%

560.00 € 560.00 € 4540 26%

560.00 € 560.00 € 5070 27%

- € - € 5740 28%

6600 29%

7790 30.5%

8,624.00 € 8,624.00 € 9380 31.5%

4,760.00 € 4,760.00 € 11070 32.5%

4,256.00 € 4,256.00 €

182.00 € 182.00 €

- € - €

179.20 € 179.20 €

- € - €

1,971.20 € 1,971.20 €

- € - €

1,411.20 € 1,411.20 €

- € - €

93,120.00 € 93,120.00 €

2,116.10 € 2,116.10 €

7,760.00 € 7,760.00 €

9,876.10 € 9,876.10 €

€

2019 2020

2,622.55 € 2,780.65 €

262,424.08 € 278,229.56 €

265,046.63 € 281,010.21 €

116,033.40 € 119,109.03 €

7,996.44 € - €

127,489.76 € 3,143.87 €

26,257.88 € 28,536.85 €

277,777.48 € 150,789.74 €

- 12,730.85 € 130,220.47 €

- 12,730.85 € 10,851.71 €

2019 2020

353,278.77 € 365,643.53 €

82,607.21 € 85,498.46 €

38,342.06 € 39,684.04 €

10,079.11 € 10,431.87 €

1,185.37 € 1,226.86 €

- € - €

12,446.44 € 12,882.06 €

7,779.02 € 8,434.68 €

7,390.07 € 7,648.72 €

601.95 € 623.02 €

- € - €

592.69 € 613.43 €

- € - €

183.73 € 285.25 €

- € - €

3,556.12 € 3,680.59 €

- € - €

2,696.73 € 3,005.81 €

- € - €

123,194.32 € 127,506.13 €

3,671.17 € 3,883.25 €

10,266.19 € 10,625.51 €

13,937.37 € 14,508.76 €

MAPA DAS NECESSIDADES EM FUNDO DE MANEIO - A PREÇOS CONSTANTES DO ANO 0

Prazo 2009 2010 2011 2012 2013

NECESSIDADES DE EXPLORAÇÃO

Stock de Mercadorias 0 0.00 0.00 554.00 667.77 685.47

Tesouraria Mínima 2% 0.00 0.00 55,983.16 67,480.38 69,268.52

IVA a Receber 12 114,087.41 334,682.23 209,684.24 0.00 0.00

TOTAL DAS NECESSIDADES DE EXPLORAÇÃO 114,087.41 334,682.23 266,221.40 68,148.15 69,953.99

RECURSOS DE EXPLORAÇÃO

Fornecedores (Merchandising e FSE) 1 0.00 0.00 33,956.16 46,927.32 47,092.45

Fornecedores (FSE 5%) 1 0.00 0.00 15,329.33 24,636.66 25,289.51

IVA a Pagar 1 0.00 0.00 0.00 5,085.96 3,281.92

Estado (Segurança Social) 1 0.00 0.00 6,151.09 7,618.58 7,618.58

Estado (IRS) 1 0.00 0.00 6,862.65 8,948.10 9,876.10

TOTAL DOS RECURSOS DE EXPLORAÇÃO 0.00 0.00 62,299.23 93,216.63 93,158.56

NECESSIDADES EM FUNDO DE MANEIO 114,087.41 334,682.23 203,922.18 -25,068.47 -23,204.56

INVESTIMENTO EM FUNDO DE MANEIO 114,087.41 220,594.82 -130,760.06 -228,990.65 1,863.91

MAPA DAS NECESSIDADES EM FUNDO DE MANEIO - A PREÇOS CORRENTES

Prazo 2009 2010 2011 2012 2013

NECESSIDADES DE EXPLORAÇÃO

Stock de Mercadorias 60 0.00 0.00 563.46 688.68 719.66

Tesouraria Mínima 2% 0.00 0.00 56,938.79 69,593.12 72,723.12

IVA a Receber 60 114,087.41 334,685.87 210,958.42 0.00 0.00

TOTAL DAS NECESSIDADES DE EXPLORAÇÃO 114,087.41 334,685.87 268,460.67 70,281.80 73,442.78

RECURSOS DE EXPLORAÇÃO

Fornecedores (Mercadorias e FSE) 1 0.00 0.00 34,535.79 48,397.35 49,442.31

Fornecedores (FSE 5%) 1 0.00 0.00 15,857.14 26,203.51 27,874.91

IVA a Pagar 1 0.00 0.00 0.00 5,207.06 3,485.69

Estado (Segurança Social) 1 0.00 0.00 6,380.77 8,092.74 8,319.33

Estado (IRS) 1 0.00 0.00 7,179.27 9,601.04 11,041.96

TOTAL DOS RECURSOS DE EXPLORAÇÃO 0.00 0.00 63,952.97 97,501.70 100,164.20

NECESSIDADES EM FUNDO DE MANEIO 114,087.41 334,685.87 204,507.71 -27,219.89 -26,721.42

INVESTIMENTO EM FUNDO DE MANEIO 114,087.41 220,598.46 -130,178.17 -231,727.60 498.47

Índice

€

2014 2015 2016 2017 2018 2019 2020

685.26 720.99 754.50 790.09 832.55 865.22 895.00

69,247.13 72,857.65 76,244.03 79,840.94 84,131.87 87,432.78 90,442.56

0.00 0.00 0.00 0.00 0.00 21,655.23 0.00

69,932.39 73,578.64 76,998.53 80,631.03 84,964.43 109,953.23 91,337.57

47,090.40 47,136.87 47,176.86 47,219.78 47,271.43 47,309.64 47,345.10

25,281.69 26,599.87 27,836.22 29,149.43 30,716.02 31,921.16 33,020.01

5,185.19 5,287.69 4,236.09 7,187.00 8,206.65 0.00 9,186.01

7,618.58 7,618.58 7,618.58 7,618.58 7,618.58 7,618.58 7,618.58

8,948.10 9,876.10 9,876.10 9,876.10 9,876.10 9,876.10 9,876.10

94,123.97 96,519.11 96,743.85 101,050.89 103,688.78 96,725.49 107,045.81

-24,191.58 -22,940.48 -19,745.32 -20,419.86 -18,724.35 13,227.74 -15,708.24

-987.02 1,251.11 3,195.15 -674.54 1,695.51 31,952.09 -28,935.98

€

2014 2015 2016 2017 2018 2019 2020

733.10 786.75 841.43 902.28 974.54 1,038.09 1,100.67

74,081.97 79,503.47 85,029.12 91,177.45 98,479.58 104,902.01 111,225.98

0.00 0.00 0.00 0.00 0.00 12,730.85 0.00

74,815.08 80,290.23 85,870.55 92,079.72 99,454.12 118,670.95 112,326.65

50,379.63 51,438.00 52,614.47 53,926.48 55,335.27 56,764.63 58,227.45

28,935.28 31,673.89 34,620.55 38,014.88 42,085.86 45,951.29 49,939.48

5,456.84 5,643.44 4,553.27 7,981.72 9,313.47 0.00 10,851.71

8,560.59 8,817.41 9,099.57 9,408.95 9,738.27 10,079.11 10,431.87

10,327.96 11,863.86 12,275.16 12,815.71 13,370.91 13,937.37 14,508.76

103,660.30 109,436.60 113,163.02 122,147.74 129,843.78 126,732.40 143,959.26

-28,845.22 -29,146.38 -27,292.46 -30,068.02 -30,389.66 -8,061.45 -31,632.61

-2,123.80 -301.16 1,853.92 -2,775.56 -321.64 22,328.21 -23,571.16

MAPA SÍNTESE DO CASH-FLOW - A PREÇOS CONSTANTES DO ANO 0

2009 2010 2011

RECURSOS FINANCEIROS

Meios Libertos do Projecto 0.00 0.00 1,321,842.54

Desinvestimento em Fundo de Maneio 0.00 0.00 130,760.06

TOTAL DOS RECURSOS FINANCEIROS 0.00 0.00 1,452,602.60

NECESSIDADES FINANCEIRAS

Investimento em Capital Fixo 3,820,437.06 1,673,411.17 1,387,367.34

Investimento em Fundo de Maneio 114,087.41 220,594.82 0.00

TOTAL DAS NECESSIDADES FINANCEIRAS 3,934,524.47 1,894,006.00 1,387,367.34

CASH-FLOW LÍQUIDO DO PROJECTO -3,934,524.47 -1,894,006.00 65,235.26

CASH-FLOW ACUMULADO -3,934,524.47 -5,828,530.47 -5,763,295.21

MAPA SÍNTESE DO CASH-FLOW - A PREÇOS CORRENTES

2009 2010 2011

RECURSOS FINANCEIROS

Meios Libertos do Projecto 0.00 0.00 1,332,844.66

Desinvestimento em Fundo de Maneio 0.00 0.00 130,178.17

TOTAL DOS RECURSOS FINANCEIROS 0.00 0.00 1,463,022.83

NECESSIDADES FINANCEIRAS

Investimento em Capital Fixo 3,820,437.06 1,673,429.37 1,398,763.65

Investimento em Fundo de Maneio 114,087.41 220,598.46 0.00

TOTAL DAS NECESSIDADES FINANCEIRAS 3,934,524.47 1,894,027.84 1,398,763.65

CASH-FLOW LÍQUIDO DO PROJECTO -3,934,524.47 -1,894,027.84 64,259.18

CASH-FLOW ACUMULADO -3,934,524.47 -5,828,552.31 -5,764,293.12

2012 2013 2014 2015 2016 2017

1,448,444.73 1,469,564.75 1,484,420.72 1,565,126.40 1,679,206.17 1,800,378.07

228,990.65 0.00 987.02 0.00 0.00 674.54

1,677,435.38 1,469,564.75 1,485,407.74 1,565,126.40 1,679,206.17 1,801,052.61

0.00 127,185.01 12,782.06 69,735.48 149,036.31 12,782.06

0.00 1,863.91 0.00 1,251.11 3,195.15 0.00

0.00 129,048.92 12,782.06 70,986.59 152,231.46 12,782.06

1,677,435.38 1,340,515.83 1,472,625.68 1,494,139.82 1,526,974.71 1,788,270.55

-4,085,859.83 -2,745,344.00 -1,272,718.32 221,421.49 1,748,396.20 3,536,666.75

2012 2013 2014 2015 2016 2017

1,468,831.07 1,504,157.91 1,539,786.35 1,643,025.09 1,791,929.51 1,956,206.64

231,727.60 0.00 2,123.80 301.16 0.00 2,775.56

1,700,558.66 1,504,157.91 1,541,910.15 1,643,326.25 1,791,929.51 1,958,982.20

0.00 127,314.68 13,674.50 76,096.51 166,208.76 14,596.97

0.00 498.47 0.00 0.00 1,853.92 0.00

0.00 127,813.15 13,674.50 76,096.51 168,062.68 14,596.97

1,700,558.66 1,376,344.76 1,528,235.65 1,567,229.74 1,623,866.83 1,944,385.23

-4,063,734.46 -2,687,389.70 -1,159,154.05 408,075.69 2,031,942.52 3,976,327.75

Índice

€

2018 2019 2020 VC

1,944,144.49 2,055,236.10 2,156,525.37

0.00 0.00 28,935.98

1,944,144.49 2,055,236.10 2,185,461.35

0.00 660,320.44 12,782.06

1,695.51 31,952.09 0.00

1,695.51 692,272.53 12,782.06

1,942,448.98 1,362,963.57 2,172,679.29 44,146,301.46

5,479,115.73 6,842,079.30 9,014,758.60

€

2018 2019 2020 VC

2,154,015.75 2,322,214.19 2,483,262.43

321.64 0.00 23,571.16

2,154,337.39 2,322,214.19 2,506,833.59

0.00 704,085.78 15,719.34

0.00 22,328.21 0.00

0.00 726,413.99 15,719.34

2,154,337.39 1,595,800.19 2,491,114.26 50,994,786.23

6,130,665.14 7,726,465.33 10,217,579.59

PRESSUPOSTOS DE MERCADO

β Levered 0.9

β Debt 0.00

Equity 18.79%

Debt 81.21%

Debt/Equity do Negócio 4.32

Debt/Equity do Mercado 81.62%

Efeito Fiscal 73.50%

β Unlevered do Negócio 0.5625

Rendibilidade do Activo sem Risco 4.68%

Prémio de Risco de Mercado 6.50%

β Levered do Negócio 2.35

Prémio de Risco do Negócio 3.66%

TAXA DE ACTUALIZAÇÃO

0 1

Taxa Nominal de Actualização Unlevered 8.34% 8.34%

Taxa de Inflação Anual 0.00% 0.70%

Taxa Real de Actualização Unlevered 8.34% 7.58%

AVALIAÇÃO ECONÓMICA DO PROJECTO - A PREÇOS CONSTANTES DO ANO 0

AVALIAÇÃO DO PROJECTO 0 1

Cash Flow Anual do Projecto - 3,934,524.47 € - 1,894,006.00 €

Taxa Real de Actualização 8.34% 7.58%

Cash Flow Descontado - 3,934,524.47 € - 1,760,500.57 €

Valor Actual Líquido do Projecto 28,213,436.77 €

Taxa Interna de Rentabilidade Real do Projecto (S/ Valor Continuidade) 15.79%

Payback Period do Projecto 7.07 =

Taxa Adivinha Nominal 19.9186%

Cash Flow Continuidade

Valor de Continuidade

Cash Flow Nominal - 3,934,524.47 € - 1,894,006.00 €

Taxa Interna de Rentabilidade Real do Projecto (C/ Valor Continuidade) 21.6188%

Difrerença de Tir -1.7001%

AVALIAÇÃO ECONÓMICA DO PROJECTO - A PREÇOS CORRENTES

AVALIAÇÃO DO PROJECTO 0 1

Cash Flow Anual do Projecto - 3,934,524.47 € - 1,894,027.84 €

Factor Acumulado de Inflação 1.0000 1.0070

Cash Flow Deflaccionado - 3,934,524.47 € - 1,880,861.80 €

Taxa Real de Actualização 8.34% 7.58%

Factor de Actualização 1.0000 1.0758

Cash Flow Descontado - 3,934,524.47 € - 1,748,282.89 €

Valor Actual Líquido do Projecto 25,999,955.93 €

Taxa Interna de Rentabilidade Real do Projecto (S/ Valor Continuidade) 15.12%

Payback Period do Projecto 7.36 =

Taxa Adivinha Nominal 21.0091%

Cash Flow Continuidade

Valor de Continuidade

Cash Flow Nominal - 3,934,524.47 € - 1,894,027.84 €

Taxa Interna de Rentabilidade Real do Projecto (C/ Valor Continuidade) 22.7094%

Difrerença de Tir -1.7003%

2 3 4 5 6 7 8

8.34% 8.34% 8.34% 8.34% 8.34% 8.34% 8.34%

1.00% 1.40% 1.80% 1.90% 2.00% 2.20% 2.40%

7.26% 6.84% 6.42% 6.32% 6.21% 6.00% 5.80%

2 3 4 5 6 7 8

65,235.26 € 1,677,435.38 € 1,340,515.83 € 1,472,625.68 € 1,494,139.82 € 1,526,974.71 € 1,788,270.55 €

7.26% 6.84% 6.42% 6.32% 6.21% 6.00% 5.80%

56,699.06 € 1,375,421.20 € 1,045,115.90 € 1,084,151.65 € 1,040,745.08 € 1,015,232.61 € 1,139,293.64 €

7 Anos e 0 Meses

65,235.26 € 1,677,435.38 € 1,340,515.83 € 1,472,625.68 € 1,494,139.82 € 1,526,974.71 € 1,788,270.55 €

Índice

2 3 4 5 6 7 8

64,259.18 € 1,700,558.66 € 1,376,344.76 € 1,528,235.65 € 1,567,229.74 € 1,623,866.83 € 1,944,385.23 €

1.0171 1.0313 1.0499 1.0698 1.0912 1.1152 1.1420

63,180.69 € 1,648,932.28 € 1,310,963.67 € 1,428,497.76 € 1,436,222.52 € 1,456,091.22 € 1,702,630.97 €

7.26% 6.84% 6.42% 6.32% 6.21% 6.00% 5.80%

1.1540 1.2329 1.3121 1.3950 1.4816 1.5706 1.6616

54,750.22 € 1,337,419.55 € 999,145.26 € 1,024,040.36 € 969,359.25 € 927,102.72 € 1,024,672.57 €

7 Anos e 4 Meses

64,259.18 € 1,700,558.66 € 1,376,344.76 € 1,528,235.65 € 1,567,229.74 € 1,623,866.83 € 1,944,385.23 €

€

9 10 11

8.34% 8.34% 8.34%

2.50% 2.50% 2.50%

5.69% 5.69% 5.69%

MAPA AUXILIAR PARA CÁLCULO DO PAYBACK PERIOD

A PREÇOS CONSTANTES DO ANO 0

0 - 3,934,524.47 € 0

€ 1 - 5,695,025.04 € 1

9 10 11 VC 2 - 5,638,325.98 € 2

1,942,448.98 € 1,362,963.57 € 2,172,679.29 € 44,146,301.46 € 3 - 4,262,904.79 € 3

4 - 3,217,788.89 € 4

5.69% 5.69% 5.69% 5 - 2,133,637.24 € 5

6 - 1,092,892.16 € 6

1,180,028.65 € 783,387.07 € 1,181,508.87 € 24,006,878.08 € 7 - 77,659.55 € 7

8 1,061,634.10 € 8

9 2,241,662.75 € 9

10 3,025,049.81 € 10

11 4,206,558.69 € 11

A PREÇOS CORRENTES

0 - 3,934,524.47 € 0

1 - 5,682,807.36 € 1

2,194,406.09 € 2 - 5,628,057.13 € 2

11,599,180.93 € 3 - 4,290,637.59 € 3

1,942,448.98 € 1,362,963.57 € 13,771,860.23 € 4 - 3,291,492.33 € 4

5 - 2,267,451.97 € 5

6 - 1,298,092.72 € 6

7 - 370,990.00 € 7

8 653,682.57 € 8

9 1,701,635.71 € 9

€ 10 2,418,161.80 € 10

9 10 11 VC 11 3,450,620.03 € 11

2,154,337.39 € 1,595,800.19 € 2,491,114.26 € 50,994,786.23 €

1.1705 1.1998 1.2298

1,840,467.14 € 1,330,053.15 € 2,025,630.68 € 41,466,023.91 €

5.69% 5.69% 5.69%

1.7562 1.8563 1.9619

1,047,953.14 € 716,526.09 € 1,032,458.23 € 22,549,335.91 €

2516025.39828431

12574403.780595

2,154,337.39 € 1,595,800.19 € 15,065,518.04 €

MAPA AUXILIAR PARA CÁLCULO DO PAYBACK PERIOD

7 -77659.5464

8 1061634.1

7.07 7.00

0.07 0.81797574 0

7 -370990

8 653682.567

7.36 7

0.36 4.34468544 4

ANÁLISE DA VIABILIDADE FINANCEIRA DO PROJECTO

PRESSUPOSTOS

Despesas de Investimento 5,917,866.90 €

Margem Accionistas 25%

Disponibilidade dos Accionistas 1,479,466.73 €

Montante do Empréstimo 5,917,866.90 €

Taxa de IRC 26.50%

COMPARAÇÃO DAS ALTERNATIVAS DE FINANCIAMENTO Empréstimo 1 Empréstimo 2

Percentagem do Financiamento Total 64.33% 28.23%

Montante do Empréstimo 3,806,937.06 € 1,670,811.17 €

Taxa de Juro (Nominal) 5.00% 5.00%

Duração do Contrato (em Anos) 12 11

Pagamento dos Juros Anual Anual

Renda Postecipada Postecipada

Reembolso do Capital Anual Anual

Carência (em Anos) 2 1

Imposto de Selo sobre Abertura de Crédito 0.60% 0.60%

Imposto de Selo sobre Juros 4.00% 4.00%

VALOR ACTUAL DAS ECONOMIAS FISCAIS DO FINANCIAMENTO

EMPRÉSTIMO BANCÁRIO EM EUROS 0 1

Imposto de Selo sobre Abertura de Crédito 22,841.62 €

Imputação Anual do I.S.A.C. (pela Duração do Contrato) 2,284.16 €

Economia Fiscal Anual do I.S.A.C. 605.30 €

Taxa de Juro Anual Nominal 5.00%

Juros Intercalares 63,448.95 € 190,346.85 €

Imputação Anual dos Juros Intercalares (3 Anos) 21,149.65 € 63,448.95 €

Prestação 493,015.77 €

Reembolso Extra - € - €

Penalização Amortização Antecipada - € - €

Capital em Dívida Inicial 3,806,937.06 € 3,806,937.06 €

Juro do Período 63,448.95 € 190,346.85 €

Reembolso do Capital - € - €

Prestação - € - €

Capital em Dívida Final 3,806,937.06 € 3,806,937.06 €

Imposto de Selo sobre Abertura de Crédito 22,841.62 € -

Imposto de Selo sobre Juros 2,537.96 € 7,613.87 €

Economia Fiscal dos Juros 16,813.97 € 50,441.92 €

Economia Fiscal do Imposto Selo sobre os Juros 672.56 € 2,017.68 €

Economia Fiscal do Imposto de Selo sobre Abertura de Crédito -

Economia Fiscal dos Juros Intercalares - € - €

Economia Fiscal Total 17,486.53 € 52,459.59 €

Factor de Actualização 1.0000 0.9524

Economia Fiscal Total Actualizada 17,486.53 € 49,961.52 €

Valor Actual Líquido da Decisão de Financiamento 319,812.76 €

VALOR ACTUAL DAS ECONOMIAS FISCAIS DO FINANCIAMENTO

EMPRÉSTIMO BANCÁRIO EM EUROS 0 1

Imposto de Selo sobre Abertura de Crédito 10,024.87 €

Imputação Anual do I.S.A.C. (pela Duração do Contrato) 1,002.49 €

Economia Fiscal Anual do I.S.A.C. 265.66 €

Taxa de Juro Anual Nominal 5.00%

Juros Intercalares 83,540.56 €

Imputação Anual dos Juros Intercalares (3 Anos) 27,846.85 €

Prestação 216,377.69 €

Reembolso Extra - € - €

Penalização Amortização Antecipada - € - €

Capital em Dívida Inicial - € 1,670,811.17 €

Juro do Período - € 83,540.56 €

Reembolso do Capital - € - €

Prestação - € - €

Capital em Dívida Final - € 1,670,811.17 €

Imposto de Selo sobre Abertura de Crédito 10,024.87 € -

Imposto de Selo sobre Juros - € 3,341.62 €

Economia Fiscal dos Juros - € 22,138.25 €

Economia Fiscal do Imposto Selo sobre os Juros - € 885.53 €

Economia Fiscal do Imposto de Selo sobre Abertura de Crédito -

Economia Fiscal dos Juros Intercalares - € - €

Economia Fiscal Total - € 23,023.78 €

Factor de Actualização 1.0000 0.9524

Economia Fiscal Total Actualizada - € 21,927.41 €

Valor Actual Líquido da Decisão de Financiamento 144,508.33 €

CONTRATO DE LEASING

0 1

Montante do Contrato 315,533.66 €

Valor Residual (em Percentagem) 0.00%

Valor Residual (em Euros) - €

Taxa de Juro Anual do Contrato 5.00%

Número de Prestações 5

Valor Actual do Valor Residual - €

Renda Normal / Antecipada Antecipada

Valor Actual da Renda 4.55

Renda Anual 69,409.83 €

Juros Intercalares - €

Imputação Anual dos Juros Intercalares (3 Anos) - €

Capital em Divida Inicial - € - €

Renda - € - €

Juros - € - €

Amortização - € - €

Capital em Dívida Final - € - €

Economia Fiscal dos Juros - € - €

Economia Fiscal dos Juros Intercalares - € - €

Economia Fiscal Total - € - €

Factor de Actualização 1.0000 0.9524

Economia Fiscal Total Actualizada - € - €

Valor Actual Líquido da Decisão de Financiamento 6,871.05 €

CONTRATO DE LEASING

0 1

Montante do Contrato 124,585.01 €

Valor Residual (em Percentagem) 0.00%

Valor Residual (em Euros) - €

Taxa de Juro Anual do Contrato 5.00%

Número de Prestações 5

Valor Actual do Valor Residual - €

Renda Normal / Antecipada Antecipada

Valor Actual da Renda 4.55

Renda Anual 27,405.71 €

Juros Intercalares - €

Imputação Anual dos Juros Intercalares (3 Anos) - €

Capital em Divida Inicial - € - €

Renda - € - €

Juros - € - €

Amortização - € - €

Capital em Dívida Final - € - €

Economia Fiscal dos Juros - € - €

Economia Fiscal dos Juros Intercalares - € - €

Economia Fiscal Total - € - €

Factor de Actualização 1.0000 0.9524

Economia Fiscal Total Actualizada - € - €

Valor Actual Líquido da Decisão de Financiamento 2,460.73 €

Valor Actual Líquido da Decisão de Financiamento Total 473,652.86 €

Valor Actual Líquido do Projecto (a Preços Constantes do Ano 0) 28,213,436.77 €

Valor Actual Líquido Ajustado do Projecto (a Preços Constantes do Ano 0) 28,687,089.63 €

Valor Actual Líquido do Projecto (a Preços Correntes) 25,999,955.93 €

Valor Actual Líquido Ajustado do Projecto (a Preços Correntes) 26,473,608.80 €

Contrato de Leasing 1 Contrato de Leasing 2

5.33% 2.11%

315,533.66 € 124,585.01 €

5.00% 5.00%

5 5

Anual Anual

Antecipada Antecipada

Anual Anual

0 0

- -

-

2 3 4 5 6 7

- € - € - € - € - € - €

3,806,937.06 € 3,504,268.15 € 3,186,465.79 € 2,852,773.31 € 2,502,396.21 € 2,134,500.26 €

190,346.85 € 175,213.41 € 159,323.29 € 142,638.67 € 125,119.81 € 106,725.01 €

302,668.91 € 317,802.36 € 333,692.48 € 350,377.10 € 367,895.96 € 386,290.75 €

493,015.77 € 493,015.77 € 493,015.77 € 493,015.77 € 493,015.77 € 493,015.77 €

3,504,268.15 € 3,186,465.79 € 2,852,773.31 € 2,502,396.21 € 2,134,500.26 € 1,748,209.50 €

- - - -

7,613.87 € 7,008.54 € 6,372.93 € 5,705.55 € 5,004.79 € 4,269.00 €

50,441.92 € 46,431.55 € 42,220.67 € 37,799.25 € 33,156.75 € 28,282.13 €

2,017.68 € 1,857.26 € 1,688.83 € 1,511.97 € 1,326.27 € 1,131.29 €

605.30 € 605.30 € 605.30 € 605.30 € 605.30 € 605.30 €

5,604.66 € 5,604.66 € 5,604.66 € - € - € - €

Índice

58,669.55 € 54,498.78 € 50,119.46 € 39,916.52 € 35,088.32 € 30,018.72 €

0.9070 0.8638 0.8227 0.7835 0.7462 0.7107

53,215.01 € 47,078.09 € 41,233.40 € 31,275.64 € 26,183.45 € 21,333.74 €

2 3 4 5 6 7

- € - € - € - € - € - €

1,670,811.17 € 1,537,974.04 € 1,398,495.05 € 1,252,042.11 € 1,098,266.53 € 936,802.16 €

83,540.56 € 76,898.70 € 69,924.75 € 62,602.11 € 54,913.33 € 46,840.11 €

132,837.13 € 139,478.99 € 146,452.94 € 153,775.58 € 161,464.36 € 169,537.58 €

216,377.69 € 216,377.69 € 216,377.69 € 216,377.69 € 216,377.69 € 216,377.69 €

1,537,974.04 € 1,398,495.05 € 1,252,042.11 € 1,098,266.53 € 936,802.16 € 767,264.58 €

- - - -

3,341.62 € 3,075.95 € 2,796.99 € 2,504.08 € 2,196.53 € 1,873.60 €

22,138.25 € 20,378.16 € 18,530.06 € 16,589.56 € 14,552.03 € 12,412.63 €

885.53 € 815.13 € 741.20 € 663.58 € 582.08 € 496.51 €

265.66 € 265.66 € 265.66 € 265.66 € 265.66 € 265.66 €

7,379.42 € 7,379.42 € 7,379.42 € - € - € - €

30,668.85 € 28,838.36 € 26,916.34 € 17,518.80 € 15,399.77 € 13,174.79 €

0.9070 0.8638 0.8227 0.7835 0.7462 0.7107

27,817.55 € 24,911.66 € 22,144.14 € 13,726.44 € 11,491.55 € 9,363.08 €

2 3 4 5 6 7

315,533.66 € 246,123.83 € 189,020.19 € 129,061.37 € 66,104.60 € - €

69,409.83 € 69,409.83 € 69,409.83 € 69,409.83 € 69,409.83 € - €

- € 12,306.19 € 9,451.01 € 6,453.07 € 3,305.23 € - €

69,409.83 € 57,103.64 € 59,958.82 € 62,956.76 € 66,104.60 € - €

246,123.83 € 189,020.19 € 129,061.37 € 66,104.60 € - € - €

- € 3,261.14 € 2,504.52 € 1,710.06 € 875.89 € - €

- € - € - € - € - € - €

- € 3,261.14 € 2,504.52 € 1,710.06 € 875.89 € - €

0.9070 0.8638 0.8227 0.7835 0.7462 0.7107

- € 2,817.10 € 2,060.47 € 1,339.88 € 653.60 € - €

2 3 4 5 6 7

- € - € 124,585.01 € 97,179.30 € 74,632.55 € 50,958.47 €

- € - € 27,405.71 € 27,405.71 € 27,405.71 € 27,405.71 €

- € - € - € 4,858.96 € 3,731.63 € 2,547.92 €

- € - € 27,405.71 € 22,546.75 € 23,674.08 € 24,857.79 €

- € - € 97,179.30 € 74,632.55 € 50,958.47 € 26,100.68 €

- € - € - € 1,287.63 € 988.88 € 675.20 €

- € - € - € - € - € - €

- € - € - € 1,287.63 € 988.88 € 675.20 €

0.9070 0.8638 0.8227 0.7835 0.7462 0.7107

- € - € - € 1,008.89 € 737.92 € 479.85 €

8 9 10 11

- € 659,096.58 € - € - €

- € 12,923.46 € - € - €

1,748,209.50 € 1,342,604.21 € 270,545.54 € - €

87,410.48 € 67,130.21 € 13,527.28 € - €

405,605.29 € 425,885.56 € 270,545.54 € - €

493,015.77 € 493,015.77 € 284,072.82 € - €

1,342,604.21 € 270,545.54 € - € - €

3,496.42 € 2,685.21 € 541.09 € - €

23,163.78 € 17,789.51 € 3,584.73 € - €

926.55 € 711.58 € 143.39 € - €

605.30 € 605.30 € 605.30 € 605.30 €

- € - € - € - €

24,695.63 € 19,106.39 € 4,333.42 € 605.30 €

0.6768 0.6446 0.6139 0.5847

16,714.97 € 12,316.15 € 2,660.34 € 353.91 €

8 9 10 11

- € 402,334.93 € - € - €

- € 7,888.92 € - € - €

767,264.58 € 589,250.12 € 7,888.92 € - €

38,363.23 € 29,462.51 € 394.45 € - €

178,014.46 € 186,915.18 € 7,888.92 € - €

216,377.69 € 216,377.69 € 8,283.37 € - €

589,250.12 € 7,888.92 € - € - €

1,534.53 € 1,178.50 € 15.78 € - €

10,166.26 € 7,807.56 € 104.53 € - €

406.65 € 312.30 € 4.18 € - €

265.66 € 265.66 € 265.66 € 265.66 €

- € - € - € - €

10,838.56 € 8,385.53 € 374.37 € 265.66 €

0.6768 0.6446 0.6139 0.5847

7,335.97 € 5,405.38 € 229.83 € 155.33 €

8 9 10 11

- € - € - € - €

0.6768 0.6446 0.6139 0.5847

- € - € - € - €

8 9 10 11

26,100.68 € - € - € - €

27,405.71 € - € - € - €

1,305.03 € - € - € - €

26,100.68 € - € - € - €

- € - € - € - €

345.83 € - € - € - €

- € - € - € - €

345.83 € - € - € - €

0.6768 0.6446 0.6139 0.5847

234.07 € - € - € - €

DEMONSTRAÇÃO DE RESULTADOS - A PREÇOS CONSTANTES DO ANO 0

2009 2010 2011 2012 2013

Rendas - € - € 19,827.14 € 26,436.19 € 26,436.19 €

Vendas e Prestações de Serviços - € - € 2,808,173.40 € 3,386,489.01 € 3,476,119.79 €

C.M.V.M.C. - € - € 6,648.00 € 8,013.30 € 8,225.64 €

MARGEM BRUTA - € - € 2,821,352.55 € 3,404,911.91 € 3,494,330.35 €

Fornecimentos e Serviços Externos - € - € 507,551.87 € 742,707.97 € 751,704.05 €

Custos com o Pessoal - € - € 602,809.36 € 777,029.81 € 832,709.81 €

EBITDA - € - € 1,710,991.32 € 1,885,174.12 € 1,909,916.49 €

Amortizações do Exercício - € 5,366.67 € 237,138.68 € 258,288.33 € 360,657.26 €

EBIT - € - 5,366.67 € 1,473,852.64 € 1,626,885.79 € 1,549,259.23 €

Encargos Financeiros - € - € 273,887.41 € 264,418.30 € 238,699.05 €

RESULTADO DE EXPLORAÇÃO - € - 5,366.67 € 1,199,965.23 € 1,362,467.49 € 1,310,560.18 €

Prejuízos a Deduzir - € - € - 5,366.67 € - € - €

Matéria Colectável - € - 5,366.67 € 1,194,598.56 € 1,362,467.49 € 1,310,560.18 €

Imposto sobre o Rendimento do Exercício - € - € 316,568.62 € 361,053.89 € 347,298.45 €

Componentes Eventuais - € 2,037.67 € 822.22 € 10,469.43 € 27,674.75 €

RESULTADO LÍQUIDO - € - 3,329.00 € 884,218.83 € 1,011,883.04 € 990,936.48 €

Prejuízos Acumulados - € - 3,329.00 € - € - € - €

Resultados a Distribuir - € - € - € - € - €

RESULTADOS RETIDOS - € - 3,329.00 € 884,218.83 € 1,011,883.04 € 990,936.48 €

DEMONSTRAÇÃO DE RESULTADOS - A PREÇOS CORRENTES

2009 2010 2011 2012 2013

Rendas - € - € 20,165.59 € 27,263.88 € 27,754.63 €

Vendas e Prestações de Serviços - € - € 2,856,108.92 € 3,492,516.53 € 3,649,482.72 €

C.M.V.M.C. - € - € 6,761.48 € 8,264.18 € 8,635.87 €

MARGEM BRUTA - € - € 2,869,513.03 € 3,511,516.23 € 3,668,601.48 €

Índice

Fornecimentos e Serviços Externos - € - € 519,257.36 € 775,052.82 € 804,326.63 €

Custos com o Pessoal - € - € 625,318.26 € 824,573.37 € 908,326.83 €

EBITDA - € - € 1,724,937.42 € 1,911,890.04 € 1,955,948.02 €

Amortizações do Exercício - € 5,372.73 € 239,969.38 € 261,119.03 € 363,525.12 €

EBIT - € - 5,372.73 € 1,484,968.03 € 1,650,771.01 € 1,592,422.90 €

Encargos Financeiros - € - € 273,887.41 € 264,418.30 € 238,699.05 €

RESULTADO DE EXPLORAÇÃO - € - 5,372.73 € 1,211,080.62 € 1,386,352.71 € 1,353,723.85 €

Prejuízos a Deduzir - € - € - 5,372.73 € - € - €

Matéria Colectável - € - 5,372.73 € 1,205,707.89 € 1,386,352.71 € 1,353,723.85 €

Imposto sobre o Rendimento do Exercício - € - € 319,512.59 € 367,383.47 € 358,736.82 €

Componentes Eventuais - € 2,037.67 € 821.85 € 10,486.17 € 28,120.34 €

RESULTADO LÍQUIDO - € - 3,335.06 € 892,389.88 € 1,029,455.41 € 1,023,107.37 €

Prejuízos Acumulados - € - 3,335.06 € - € - € - €

Resultados a Distribuir - € - € - € - € - €

RESULTADOS RETIDOS - € - 3,335.06 € 892,389.88 € 1,029,455.41 € 1,023,107.37 €

€

2014 2015 2016 2017 2018 2019 2020

26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 € 26,436.19 €

3,475,047.45 € 3,656,024.75 € 3,825,767.12 € 4,006,062.08 € 4,220,076.11 € 4,385,386.20 € 4,536,110.45 €

8,223.10 € 8,651.85 € 9,053.98 € 9,481.11 € 9,990.66 € 10,382.64 € 10,740.05 €

3,493,260.55 € 3,673,809.09 € 3,843,149.34 € 4,023,017.16 € 4,236,521.64 € 4,401,439.74 € 4,551,806.58 €

751,614.79 € 766,679.68 € 780,809.36 € 795,817.45 € 813,721.37 € 827,494.41 € 840,052.72 €

777,029.81 € 832,709.81 € 832,709.81 € 832,709.81 € 832,709.81 € 832,709.81 € 832,709.81 €

1,964,615.95 € 2,074,419.60 € 2,229,630.17 € 2,394,489.90 € 2,590,090.46 € 2,741,235.52 € 2,879,044.05 €

265,003.93 € 243,854.28 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 €

1,699,612.02 € 1,830,565.32 € 2,077,071.70 € 2,241,931.43 € 2,437,531.99 € 2,588,677.05 € 2,726,485.58 €

216,552.80 € 187,069.99 € 156,113.04 € 127,078.74 € 117,405.10 € 13,921.72 € 0.00 €

1,483,059.22 € 1,643,495.33 € 1,920,958.65 € 2,114,852.69 € 2,320,126.89 € 2,574,755.33 € 2,726,485.58 €

- € - € - € - € - € - € - €

1,483,059.22 € 1,643,495.33 € 1,920,958.65 € 2,114,852.69 € 2,320,126.89 € 2,574,755.33 € 2,726,485.58 €

393,010.69 € 435,526.26 € 509,054.04 € 560,435.96 € 614,833.63 € 682,310.16 € 722,518.68 €

40,591.46 € 54,790.41 € 69,250.83 € 84,761.03 € 98,990.59 € 96,625.25 € 108,354.15 €

1,130,639.98 € 1,262,759.48 € 1,481,155.44 € 1,639,177.76 € 1,804,283.86 € 1,989,070.41 € 2,112,321.05 €

- € - € - € - € - € - € - €

- € 53,445.98 € 375,956.69 € 491,753.33 € 541,285.16 € 596,721.12 € 633,696.31 €

1,130,639.98 € 1,209,313.50 € 1,105,198.75 € 1,147,424.43 € 1,262,998.70 € 1,392,349.29 € 1,478,624.73 €

€

2014 2015 2016 2017 2018 2019 2020

28,281.97 € 28,847.61 € 29,482.25 € 30,189.83 € 30,944.57 € 31,718.19 € 32,511.14 €

3,717,675.68 € 3,989,514.61 € 4,266,584.58 € 4,574,877.41 € 4,939,760.98 € 5,261,594.34 € 5,578,494.41 €

8,797.23 € 9,441.04 € 10,097.21 € 10,827.32 € 11,694.45 € 12,457.11 € 13,208.09 €

3,737,160.42 € 4,008,921.18 € 4,285,969.63 € 4,594,239.92 € 4,959,011.10 € 5,280,855.42 € 5,597,797.47 €

825,674.51 € 866,872.63 € 911,656.15 € 962,832.35 € 1,022,567.32 € 1,080,283.29 € 1,139,740.72 €

872,068.89 € 962,636.73 € 993,367.46 € 1,027,066.11 € 1,062,974.28 € 1,100,178.38 € 1,138,684.63 €

2,039,417.02 € 2,179,411.82 € 2,380,946.01 € 2,604,341.46 € 2,873,469.49 € 3,100,393.74 € 3,319,372.12 €

266,463.73 € 246,606.75 € 158,242.22 € 158,549.71 € 158,549.71 € 163,867.10 € 164,241.23 €

1,772,953.29 € 1,932,805.08 € 2,222,703.79 € 2,445,791.75 € 2,714,919.78 € 2,936,526.64 € 3,155,130.89 €

216,552.80 € 187,069.99 € 156,113.04 € 127,078.74 € 117,405.10 € 13,921.72 € 0.00 €

1,556,400.48 € 1,745,735.08 € 2,066,590.75 € 2,318,713.01 € 2,597,514.69 € 2,922,604.92 € 3,155,130.89 €

- € - € - € - € - € - € - €

1,556,400.48 € 1,745,735.08 € 2,066,590.75 € 2,318,713.01 € 2,597,514.69 € 2,922,604.92 € 3,155,130.89 €

412,446.13 € 462,619.80 € 547,646.55 € 614,458.95 € 688,341.39 € 774,490.30 € 836,109.69 €

41,713.95 € 56,983.82 € 72,815.76 € 88,874.98 € 104,313.86 € 105,118.20 € 120,128.69 €

1,185,668.30 € 1,340,099.11 € 1,591,759.96 € 1,793,129.04 € 2,013,487.15 € 2,253,232.82 € 2,439,149.89 €

- € - € - € - € - € - € - €

- € 130,785.61 € 477,527.99 € 537,938.71 € 604,046.15 € 675,969.85 € 731,744.97 €

1,185,668.30 € 1,209,313.50 € 1,114,231.97 € 1,255,190.33 € 1,409,441.01 € 1,577,262.97 € 1,707,404.93 €

PLANO FINANCEIRO - A PREÇOS CONSTANTES DO ANO 0

2009 2010 2011 2012

RECURSOS FINANCEIROS

EBITDA 0.00 0.00 1,710,991.32 1,885,174.12

Desinvestimento em Fundo de Maneio 0.00 0.00 130,760.06 228,990.65

Capital Social 100,000.00 0.00 0.00 0.00

Prestações Suplementares 211,572.84 423,145.69 634,718.53 0.00

Empréstimo Bancário em Euros 1 3,806,937.06 0.00 0.00 0.00

Empréstimo Bancário em Euros 2 0.00 1,670,811.17 0.00 0.00

Contrato de Leasing 1 0.00 0.00 315,533.66 0.00

Contrato de Leasing 2 0.00 0.00 0.00 0.00

Recuperação de Aplicações Financeiras 0.00 120,536.48 48,637.60 619,309.60

Rendimentos de Aplicações Financeiras 0.00 2,772.34 1,118.66 14,244.12

TOTAL DOS RECURSOS FINANCEIROS 4,118,509.90 2,217,265.68 2,841,759.83 2,747,718.50

NECESSIDADES FINANCEIRAS

Investimento em Imobilizado 3,820,437.06 1,673,411.17 1,387,367.34 0.00

Juros Intercalares 63,448.95 273,887.41 0.00 0.00

Investimento em Fundo de Maneio 114,087.41 220,594.82 0.00 0.00

Reembolso Antecipado 0.00 0.00 0.00 0.00

Distribuição de Dividendos 0.00 0.00 0.00 0.00

Estado e Outros Entes Públicos - IRC 0.00 0.00 0.00 316,568.62

Reembolso do Empréstimo Bancário em Euros 0.00 0.00 435506.04 457281.35

Reembolso do Contrato de Leasing 0.00 0.00 69,409.83 57,103.64

Reembolso do Financiamento de Curto Prazo 0.00 0.00 0.00 0.00

Juros do Empréstimo Bancário em Euros 0.00 0.00 273,887.41 252,112.11

Juros do Contrato de Leasing 0.00 0.00 0.00 12,306.19

Imposto sobre Rendimentos de Aplicações Financeiras 0.00 734.67 296.45 3,774.69

TOTAL DAS NECESSIDADES FINANCEIRAS 3,997,973.42 2,168,628.08 2,166,467.07 1,099,146.60

SALDO DESEJADO 2% 0.00 0.00 55,983.16 67,480.38

SALDO A FINANCIAR 0.00 0.00 0.00 0.00

SALDO A APLICAR 120,536.48 48,637.60 619,309.60 1,637,074.68

Financiamento de Curto Prazo 0.00 0.00 0.00 0.00

Juros do Financiamento de Curto Prazo 0.00 0.00 0.00 0.00

DISPONIBILIDADES FINAIS 0.00 0.00 55,983.16 11,497.22

SALDO ACUMULADO 0.00 0.00 55,983.16 67,480.38

Índice

PLANO FINANCEIRO - A PREÇOS CORRENTES

2009 2010 2011 2012

RECURSOS FINANCEIROS

EBITDA 0.00 0.00 1,724,937.42 1,911,890.04

Desinvestimento em Fundo de Maneio 0.00 0.00 130,178.17 231,727.60

Capital Social 100,000.00 0.00 0.00 0.00

Prestações Suplementares 211,572.84 423,145.69 634,718.53 0.00

Empréstimo Bancário em Euros 1 3,806,937.06 0.00 0.00 0.00

Empréstimo Bancário em Euros 2 0.00 1,670,811.17 0.00 0.00

Contrato de Leasing 1 0 0.00 315533.66 0.00

Contrato de Leasing 2 0.00 0.00 0.00 0.00

Recuperação de Aplicações Financeiras 0.00 120,536.48 48,615.76 620,299.65

Rendimentos de Aplicações Financeiras 0.00 2,772.34 1,118.16 14,266.89

TOTAL DOS RECURSOS FINANCEIROS 4,118,509.90 2,217,265.68 2,855,101.70 2,778,184.18

NECESSIDADES FINANCEIRAS

Investimento em Imobilizado 3,820,437.06 1,673,429.37 1,398,763.65 0.00

Juros Intercalares 63,448.95 273,887.41 0.00 0.00

Investimento em Fundo de Maneio 114,087.41 220,598.46 0.00 0.00

Reembolso Antecipado 0.00 0.00 0.00 0.00

Distribuição de Dividendos 0.00 0.00 0.00 0.00

Estado e Outros Entes Públicos - IRC 0.00 0.00 0.00 319,512.59

Reembolso do Empréstimo Bancário em Euros 0.00 0.00 435,506.04 457,281.35

Reembolso do Contrato de Leasing 0.00 0.00 69,409.83 57,103.64

Reembolso do Financiamento de Curto Prazo 0.00 0.00 0.00 0.00

Juros do Empréstimo Bancário em Euros 0.00 0.00 273,887.41 252,112.11

Juros do Contrato de Leasing 0.00 0.00 0.00 12,306.19

Imposto sobre Rendimentos de Aplicações Financeiras 0.00 734.67 296.31 3,780.73

TOTAL DAS NECESSIDADES FINANCEIRAS 3,997,973.42 2,168,649.92 2,177,863.25 1,102,096.61

SALDO DESEJADO 2% 0.00 0.00 56,938.79 69,593.12

SALDO A FINANCIAR 0.00 0.00 0.00 0.00

SALDO A APLICAR 120,536.48 48,615.76 620,299.65 1,663,433.25

Financiamento de Curto Prazo 0.00 0.00 0.00 0.00

Juros do Financiamento de Curto Prazo 0.00 0.00 0.00 0.00

DISPONIBILIDADES FINAIS 0.00 0.00 56,938.79 12,654.33

SALDO ACUMULADO 0.00 0.00 56,938.79 69,593.12

€

2013 2014 2015 2016 2017 2018 2019 2020

1,909,916.49 1,964,615.95 2,074,419.60 2,229,630.17 2,394,489.90 2,590,090.46 2,741,235.52 2,879,044.05

0.00 987.02 0.00 0.00 674.54 0.00 0.00 28,935.98

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

124585.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,637,074.68 2,401,150.97 3,241,077.28 4,096,470.50 5,013,962.24 5,855,698.85 5,715,779.20 6,409,591.56

37,652.72 55,226.47 74,544.78 94,218.82 115,321.13 134,681.07 131,462.92 147,420.61

3,709,228.89 4,421,980.41 5,390,041.66 6,420,319.49 7,524,447.82 8,580,470.39 8,588,477.65 9,464,992.20

127,185.01 12,782.06 69,735.48 149,036.31 12,782.06 0.00 660,320.44 12,782.06

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,863.91 0.00 1,251.11 3,195.15 0.00 1,695.51 31,952.09 0.00

0.00 0.00 0.00 0.00 0.00 1,061,431.51 0.00 0.00

0.00 0.00 0.00 53,445.98 375,956.69 491,753.33 541,285.16 596,721.12

361,053.89 347,298.45 393,010.69 435,526.26 509,054.04 560,435.96 614,833.63 682,310.16

480145.41 504152.69 529360.32 555828.34 583619.75 612800.74 278434.47 0.00

87,364.53 85,503.51 89,778.69 24,857.79 26,100.68 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

229,248.04 205,240.77 180,033.14 153,565.12 125,773.70 96,592.72 13,921.72 0.00

9,451.01 11,312.03 7,036.86 2,547.92 1,305.03 0.00 0.00 0.00

9,977.97 14,635.02 19,754.37 24,967.99 30,560.10 35,690.48 34,837.67 39,066.46

1,306,289.78 1,180,924.52 1,289,960.64 1,402,970.86 1,665,152.06 2,860,400.25 2,175,585.18 1,330,879.81

69,268.52 69,247.13 72,857.65 76,244.03 79,840.94 84,131.87 87,432.78 90,442.56

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2,401,150.97 3,241,077.28 4,096,470.50 5,013,962.24 5,855,698.85 5,715,779.20 6,409,591.56 8,131,102.61

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,788.15 -21.39 3,610.52 3,386.38 3,596.91 4,290.93 3,300.91 3,009.78

69,268.52 69,247.13 72,857.65 76,244.03 79,840.94 84,131.87 87,432.78 90,442.56

€

2013 2014 2015 2016 2017 2018 2019 2020

1,955,948.02 2,039,417.02 2,179,411.82 2,380,946.01 2,604,341.46 2,873,469.49 3,100,393.74 3,319,372.12

0.00 2,123.80 301.16 0.00 2,775.56 321.64 0.00 23,571.16

0.00 0.00 0.00 0.00 0.00 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0 0 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

124585.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,663,433.25 2,467,551.01 3,370,826.60 4,307,350.27 5,257,319.13 6,170,592.13 6,218,172.36 7,106,104.16

38,258.96 56,753.67 77,529.01 99,069.06 120,918.34 141,923.62 143,017.96 163,440.40

3,782,225.25 4,565,845.50 5,628,068.59 6,787,365.34 7,985,354.49 9,186,306.88 9,461,584.07 10,612,487.84

127,314.68 13,674.50 76,096.51 166,208.76 14,596.97 0.00 704,085.78 15,719.34

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

498.47 0.00 0.00 1,853.92 0.00 0.00 22,328.21 0.00

0.00 0.00 0.00 0.00 0.00 1,061,431.51 0.00 0.00

0.00 0.00 0.00 130,785.61 477,527.99 537,938.71 604,046.15 675,969.85

367,383.47 358,736.82 412,446.13 462,619.80 547,646.55 614,458.95 688,341.39 774,490.30

480,145.41 504,152.69 529,360.32 555,828.34 583,619.75 612,800.74 278,434.47 0.00

87,364.53 85,503.51 89,778.69 24,857.79 26,100.68 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

229,248.04 205,240.77 180,033.14 153,565.12 125,773.70 96,592.72 13,921.72 0.00

9,451.01 11,312.03 7,036.86 2,547.92 1,305.03 0.00 0.00 0.00

10,138.63 15,039.72 20,545.19 26,253.30 32,043.36 37,609.76 37,899.76 43,311.70

1,311,544.24 1,193,660.05 1,315,296.82 1,524,520.55 1,808,614.03 2,960,832.39 2,349,057.48 1,509,491.19

72,723.12 74,081.97 79,503.47 85,029.12 91,177.45 98,479.58 104,902.01 111,225.98

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2,467,551.01 3,370,826.60 4,307,350.27 5,257,319.13 6,170,592.13 6,218,172.36 7,106,104.16 9,096,672.68

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

3,130.00 1,358.85 5,421.50 5,525.65 6,148.33 7,302.14 6,422.43 6,323.97

72,723.12 74,081.97 79,503.47 85,029.12 91,177.45 98,479.58 104,902.01 111,225.98

BALANÇO - A PREÇOS CONSTANTES DO ANO 0

2009 2010

APLICAÇÕES

Imobilizado Incorpóreo

Despesas de Instalação 66,948.95 € 340,836.36 €

Despesas de Investigação e Desenvolvimento 10,000.00 € 10,000.00 €

Propriedade Industrial - € 2,600.00 €

Sub-Total 76,948.95 € 353,436.36 €

Imobilizado Corpóreo

Terrenos e Recursos Naturais 3,250,000.00 € 3,250,000.00 €

Edifícios e Outras Construções 556,937.06 € 2,227,748.23 €

Equipamento Básico - € - €

Equipamentos Administrativos - € - €

Sub-Total 3,806,937.06 € 5,477,748.23 €

Amortizações Acumuladas - € 5,366.67 €

Sub-Total 3,883,886.01 € 5,825,817.93 €

Existências - € - €

Estado e Outros Entes Públicos 114,087.41 € 334,682.23 €

Aplicações Financeiras 120,536.48 € 48,637.60 €

Disponibilidades - € - €

Sub-Total 234,623.89 € 383,319.83 €

TOTAL DAS APLICAÇÕES 4,118,509.90 € 6,209,137.76 €

ORIGENS

CAPITAL PRÓPRIO

Capital Social 100,000.00 € 100,000.00 €

Prestações Suplementares 211,572.84 € 634,718.53 €

Reservas e Resultados Transitados - € - €

Resultados Retidos - € - 3,329.00 €

TOTAL DO CAPITAL PRÓPRIO 311,572.84 € 731,389.53 €

PASSIVO

Débitos de Médio e Longo Prazo

Financiamento Bancário em Euros 1 3,806,937.06 € 3,504,268.15 €

Financiamento Bancário em Euros 2 - € 1,537,974.04 €

Contrato de Leasing 1 - € - €

Contrato de Leasing 2 - € - €

Sub-Total 3,806,937.06 € 5,042,242.19 €

Débitos de Curto Prazo

Fornecedores - € - €

Estado e Outros Entes Públicos - € - €

IRC - € - €

Financiamento Bancário

Financiamento Bancário em Euros 1 - € 302,668.91 €

Financiamento Bancário em Euros 2 - € 132,837.13 €

Contrato de Leasing 1 - € - €

Contrato de Leasing 2 - € - €

Resultados a Distribuir - € - €

Sub-Total - € 435,506.04 €

PASSIVO TOTAL 3,806,937.06 € 5,477,748.23 €

TOTAL DAS ORIGENS 4,118,509.90 € 6,209,137.76 €

CONTROLO DE ERROS 0.00 0.00

BALANÇO - A PREÇOS CORRENTES

2009 2010

APLICAÇÕES

Imobilizado Incorpóreo

Despesas de Instalação 66,948.95 € 340,836.36 €

Despesas de Investigação e Desenvolvimento 10,000.00 € 10,000.00 €

Propriedade Industrial - € 2,618.20 €

Sub-Total 76,948.95 € 353,454.56 €

Imobilizado Corpóreo

Terrenos e Recursos Naturais 3,250,000.00 € 3,250,000.00 €

Edifícios e Outras Construções 556,937.06 € 2,227,748.23 €

Equipamento Básico - € - €

Equipamentos Administrativos - € - €

Sub-Total 3,806,937.06 € 5,477,748.23 €

Amortizações Acumuladas - € 5,372.73 €

Sub-Total 3,883,886.01 € 5,825,830.06 €

Existências - € - €

Estado e Outros Entes Públicos 114,087.41 € 334,685.87 €

Aplicações Financeiras 120,536.48 € 48,615.76 €

Disponibilidades - € - €

Sub-Total 234,623.89 € 383,301.63 €

TOTAL DAS APLICAÇÕES 4,118,509.90 € 6,209,131.69 €

ORIGENS

CAPITAL PRÓPRIO

Capital Social 100,000.00 € 100,000.00 €

Prestações Suplementares 211,572.84 € 634,718.53 €

Reservas e Resultados Transitados - € - €

Resultados Retidos - € - 3,335.06 €

TOTAL DO CAPITAL PRÓPRIO 311,572.84 € 731,383.46 €

PASSIVO

Débitos de Médio e Longo Prazo

Financiamento Bancário em Euros 1 3,806,937.06 € 3,504,268.15 €

Financiamento Bancário em Euros 2 - € 1,537,974.04 €

Contrato de Leasing 1 - € - €

Contrato de Leasing 2 - € - €

Sub-Total 3,806,937.06 € 5,042,242.19 €

Débitos de Curto Prazo

Fornecedores - € - €

Estado e Outros Entes Públicos - € - €

IRC - € - €

Financiamento Bancário

Financiamento Bancário em Euros 1 - € 302,668.91 €

Financiamento Bancário em Euros 2 - € 132,837.13 €

Contrato de Leasing 1

Contrato de Leasing 2 - € - €

Resultados a Distribuir - € - €

Sub-Total - € 435,506.04 €

PASSIVO TOTAL 3,806,937.06 € 5,477,748.23 €

TOTAL DAS ORIGENS 4,118,509.90 € 6,209,131.69 €

CONTROLO DE ERROS 0.00 0.00

2011 2012 2013 2014 2015

340,836.36 € 340,836.36 € 340,836.36 € 340,836.36 € 340,836.36 €

296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 €

7,600.00 € 7,600.00 € 7,600.00 € 7,600.00 € 7,600.00 €

645,396.36 € 645,396.36 € 645,396.36 € 645,396.36 € 645,396.36 €

3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

787,810.16 € 787,810.16 € 912,395.17 € 912,395.17 € 912,395.17 €

29,128.65 € 29,128.65 € 29,128.65 € 29,128.65 € 29,128.65 €

6,573,155.57 € 6,573,155.57 € 6,697,740.58 € 6,697,740.58 € 6,697,740.58 €

242,505.35 € 500,793.68 € 858,850.94 € 1,111,072.80 € 1,285,191.60 €

6,976,046.59 € 6,717,758.26 € 6,484,286.01 € 6,232,064.14 € 6,057,945.34 €

554.00 € 667.77 € 685.47 € 685.26 € 720.99 €

196,670.50 € - € - € - € - €

619,309.60 € 1,637,074.68 € 2,401,150.97 € 3,241,077.28 € 4,096,470.50 €

111,966.32 € 134,960.76 € 138,537.05 € 138,494.26 € 145,715.30 €

928,500.42 € 1,772,703.21 € 2,540,373.49 € 3,380,256.80 € 4,242,906.79 €

7,904,547.00 € 8,490,461.47 € 9,024,659.49 € 9,612,320.94 € 10,300,852.13 €

100,000.00 € 100,000.00 € 100,000.00 € 100,000.00 € 100,000.00 €

1,269,437.06 € 1,269,437.06 € 1,269,437.06 € 1,269,437.06 € 1,269,437.06 €

- 3,329.00 € 880,889.83 € 1,892,772.87 € 2,883,709.34 € 4,014,349.33 €

884,218.83 € 1,011,883.04 € 990,936.48 € 1,130,639.98 € 1,209,313.50 €

2,250,326.89 € 3,262,209.93 € 4,253,146.40 € 5,383,786.39 € 6,593,099.89 €

3,186,465.79 € 2,852,773.31 € 2,502,396.21 € 2,134,500.26 € 1,748,209.50 €

1,398,495.05 € 1,252,042.11 € 1,098,266.53 € 936,802.16 € 767,264.58 €

189,020.19 € 129,061.37 € 66,104.60 € 0.00 € 0.00 €

- € - € 74,632.55 € 50,958.47 € 26,100.68 €

4,773,981.03 € 4,233,876.79 € 3,741,399.89 € 3,122,260.89 € 2,541,574.76 €

49,285.48 € 71,563.98 € 72,381.95 € 72,372.10 € 73,736.74 €

- € 21,652.65 € 20,776.61 € 21,751.87 € 22,782.37 €

Índice

316,568.62 € 361,053.89 € 347,298.45 € 393,010.69 € 435,526.26 €

317,802.36 € 333,692.48 € 350,377.10 € 367,895.96 € 386,290.75 €

139,478.99 € 146,452.94 € 153,775.58 € 161,464.36 € 169,537.58 €

57,103.64 € 59,958.82 € 62,956.76 € 66,104.60 € - 0.00 €

- € - € 22,546.75 € 23,674.08 € 24,857.79 €

- € - € - € - € 53,445.98 €

880,239.09 € 994,374.75 € 1,030,113.20 € 1,106,273.67 € 1,166,177.48 €

5,654,220.12 € 5,228,251.54 € 4,771,513.09 € 4,228,534.56 € 3,707,752.24 €

7,904,547.00 € 8,490,461.47 € 9,024,659.49 € 9,612,320.94 € 10,300,852.13 €

0.00 0.00 0.00 0.00 0.00

2011 2012 2013 2014 2015

340,836.36 € 340,836.36 € 340,836.36 € 340,836.36 € 340,836.36 €

301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 €

7,703.55 € 7,703.55 € 7,815.02 € 7,815.02 € 7,815.02 €

650,398.32 € 650,398.32 € 650,509.79 € 650,509.79 € 650,509.79 €

3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

793,725.49 € 793,725.49 € 918,310.50 € 918,310.50 € 923,481.14 €

29,625.88 € 29,625.88 € 29,625.88 € 30,300.13 € 30,300.13 €

6,579,568.12 € 6,579,568.12 € 6,704,153.13 € 6,704,827.39 € 6,709,998.03 €

245,342.12 € 506,461.15 € 867,368.07 € 1,120,831.55 € 1,296,512.43 €

6,984,624.33 € 6,723,505.29 € 6,487,294.85 € 6,234,505.62 € 6,063,995.39 €

563.46 € 688.68 € 719.66 € 733.10 € 786.75 €

197,398.38 € - € - € - € - €

620,299.65 € 1,663,433.25 € 2,467,551.01 € 3,370,826.60 € 4,307,350.27 €

113,877.59 € 139,186.24 € 145,446.24 € 148,163.95 € 159,006.94 €

932,139.08 € 1,803,308.18 € 2,613,716.91 € 3,519,723.65 € 4,467,143.96 €

7,916,763.40 € 8,526,813.47 € 9,101,011.76 € 9,754,229.27 € 10,531,139.35 €

100,000.00 € 100,000.00 € 100,000.00 € 100,000.00 € 100,000.00 €

1,269,437.06 € 1,269,437.06 € 1,269,437.06 € 1,269,437.06 € 1,269,437.06 €

- 3,335.06 € 889,054.82 € 1,918,510.22 € 2,941,617.59 € 4,127,285.90 €

892,389.88 € 1,029,455.41 € 1,023,107.37 € 1,185,668.30 € 1,209,313.50 €

2,258,491.87 € 3,287,947.28 € 4,311,054.65 € 5,496,722.96 € 6,706,036.46 €

3,186,465.79 € 2,852,773.31 € 2,502,396.21 € 2,134,500.26 € 1,748,209.50 €

1,398,495.05 € 1,252,042.11 € 1,098,266.53 € 936,802.16 € 767,264.58 €

189,020.19 € 129,061.37 € 66,104.60 € 0.00 € 0.00 €

- € - € 74,632.55 € 50,958.47 € 26,100.68 €

4,773,981.03 € 4,233,876.79 € 3,741,399.89 € 3,122,260.89 € 2,541,574.76 €

50,392.92 € 74,600.86 € 77,317.22 € 79,314.91 € 83,111.89 €

- € 22,900.83 € 22,846.98 € 24,345.39 € 26,324.71 €

319,512.59 € 367,383.47 € 358,736.82 € 412,446.13 € 462,619.80 €

317,802.36 € 333,692.48 € 350,377.10 € 367,895.96 € 386,290.75 €

139,478.99 € 146,452.94 € 153,775.58 € 161,464.36 € 169,537.58 €

57,103.64 € 59,958.82 € 62,956.76 € 66,104.60 € - 0.00 €

- € - € 22,546.75 € 23,674.08 € 24,857.79 €

- € - € - € - € 130,785.61 €

884,290.50 € 1,004,989.40 € 1,048,557.22 € 1,135,245.43 € 1,283,528.13 €

5,658,271.53 € 5,238,866.19 € 4,789,957.11 € 4,257,506.32 € 3,825,102.89 €

7,916,763.40 € 8,526,813.47 € 9,101,011.76 € 9,754,229.27 € 10,531,139.35 €

0.00 0.00 0.00 0.00 0.00

2016 2017 2018 2019

340,836.36 € 340,836.36 € 340,836.36 € 340,836.36 €

296,960.00 € 296,960.00 € 296,960.00 € 296,960.00 €

7,600.00 € 7,600.00 € 7,600.00 € 7,600.00 €

645,396.36 € 645,396.36 € 645,396.36 € 645,396.36 €

3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

912,395.17 € 912,395.17 € 912,395.17 € 912,395.17 €

29,128.65 € 29,128.65 € 29,128.65 € 29,128.65 €

6,697,740.58 € 6,697,740.58 € 6,697,740.58 € 6,697,740.58 €

1,288,713.76 € 1,428,490.18 € 1,581,048.65 € 1,073,286.68 €

6,054,423.18 € 5,914,646.77 € 5,762,088.29 € 6,269,850.26 €

754.50 € 790.09 € 832.55 € 865.22 €

- € - € - € 4,160.54 €

5,013,962.24 € 5,855,698.85 € 5,715,779.20 € 6,409,591.56 €

152,488.06 € 159,681.88 € 168,263.75 € 174,865.56 €

5,167,204.81 € 6,016,170.82 € 5,884,875.50 € 6,589,482.89 €

11,221,627.99 € 11,930,817.59 € 11,646,963.80 € 12,859,333.15 €

100,000.00 € 100,000.00 € 100,000.00 € 100,000.00 €

1,269,437.06 € 1,269,437.06 € 1,269,437.06 € 1,269,437.06 €

5,223,662.83 € 6,328,861.58 € 7,476,286.01 € 8,739,284.71 €

1,105,198.75 € 1,147,424.43 € 1,262,998.70 € 1,392,349.29 €

7,698,298.64 € 8,845,723.07 € 10,108,721.77 € 11,501,071.06 €

1,342,604.21 € 916,718.66 € - € - €

589,250.12 € 402,334.93 € - € - €

0.00 € 0.00 € 0.00 € 0.00 €

1,931,854.33 € 1,319,053.59 € 0.00 € 0.00 €

75,013.08 € 76,369.21 € 77,987.45 € 79,230.81 €

21,730.77 € 24,681.68 € 25,701.33 € - €

509,054.04 € 560,435.96 € 614,833.63 € 682,310.16 €

405,605.29 € 425,885.56 € 270,545.54 € - €

178,014.46 € 186,915.18 € 7,888.92 € - €

- 0.00 € - 0.00 € - 0.00 € - 0.00 €

26,100.68 € - 0.00 € - 0.00 € - 0.00 €

375,956.69 € 491,753.33 € 541,285.16 € 596,721.12 €

1,591,475.02 € 1,766,040.93 € 1,538,242.03 € 1,358,262.09 €

3,523,329.35 € 3,085,094.52 € 1,538,242.03 € 1,358,262.09 €

11,221,627.99 € 11,930,817.59 € 11,646,963.80 € 12,859,333.15 €

0.00 0.00 0.00 0.00

2016 2017 2018 2019

340,836.36 € 340,836.36 € 340,836.36 € 340,836.36 €

301,858.41 € 301,858.41 € 301,858.41 € 301,858.41 €

7,984.93 € 7,984.93 € 7,984.93 € 8,204.83 €

650,679.70 € 650,679.70 € 650,679.70 € 650,899.60 €

3,250,000.00 € 3,250,000.00 € 3,250,000.00 € 3,250,000.00 €

2,506,216.76 € 2,506,216.76 € 2,506,216.76 € 2,506,216.76 €

937,854.34 € 937,854.34 € 937,854.34 € 969,247.82 €

30,300.13 € 31,222.59 € 31,222.59 € 34,209.64 €

6,724,371.24 € 6,725,293.70 € 6,725,293.70 € 6,759,674.21 €

1,303,089.01 € 1,447,964.21 € 1,606,513.92 € 1,100,895.66 €

6,071,961.93 € 5,928,009.19 € 5,769,459.48 € 6,309,678.16 €

841.43 € 902.28 € 974.54 € 1,038.09 €

- € - € - € - €

5,257,319.13 € 6,170,592.13 € 6,218,172.36 € 7,106,104.16 €

170,058.24 € 182,354.89 € 196,959.17 € 209,804.02 €

5,428,218.81 € 6,353,849.30 € 6,416,106.07 € 7,316,946.28 €

11,500,180.74 € 12,281,858.49 € 12,185,565.55 € 13,626,624.43 €

100,000.00 € 100,000.00 € 100,000.00 € 100,000.00 €

1,269,437.06 € 1,269,437.06 € 1,269,437.06 € 1,269,437.06 €

5,336,599.40 € 6,450,831.37 € 7,706,021.70 € 9,115,462.71 €

1,114,231.97 € 1,255,190.33 € 1,409,441.01 € 1,577,262.97 €

7,820,268.43 € 9,075,458.76 € 10,484,899.76 € 12,062,162.74 €

1,342,604.21 € 916,718.66 € - € - €

589,250.12 € 402,334.93 € - € - €

0.00 € 0.00 € 0.00 € 0.00 €

1,931,854.33 € 1,319,053.59 € 0.00 € 0.00 €

87,235.01 € 91,941.35 € 97,421.14 € 102,715.93 €

25,928.00 € 30,206.38 € 32,422.65 € 11,285.63 €

547,646.55 € 614,458.95 € 688,341.39 € 774,490.30 €

405,605.29 € 425,885.56 € 270,545.54 € - €

178,014.46 € 186,915.18 € 7,888.92 € - €

- 0.00 € - 0.00 € - 0.00 € - 0.00 €

26,100.68 € - 0.00 € - 0.00 € - 0.00 €

477,527.99 € 537,938.71 € 604,046.15 € 675,969.85 €

1,748,057.98 € 1,887,346.14 € 1,700,665.79 € 1,564,461.70 €

3,679,912.31 € 3,206,399.73 € 1,700,665.79 € 1,564,461.70 €

11,500,180.74 € 12,281,858.49 € 12,185,565.55 € 13,626,624.43 €

0.00 0.00 0.00 0.00

€

2020

340,836.36 €

296,960.00 €

7,600.00 €

645,396.36 €

3,250,000.00 €

2,506,216.76 €

912,395.17 €

29,128.65 €

6,697,740.58 €

1,213,063.09 €

6,130,073.85 €

895.00 €

- €

8,131,102.61 €

180,885.13 €

8,312,882.74 €

14,442,956.59 €

100,000.00 €

1,269,437.06 €

10,131,634.00 €

1,478,624.73 €

12,979,695.79 €

- €

0.00 €

80,365.11 €

26,680.70 €

722,518.68 €

- €

633,696.31 €

1,463,260.80 €

14,442,956.59 €

0.00

€

2020

340,836.36 €

301,858.41 €

8,204.83 €

650,899.60 €

3,250,000.00 €

2,506,216.76 €

969,247.82 €

35,332.01 €

6,760,796.58 €

1,250,539.92 €

6,161,156.27 €

1,100.67 €

- €

9,096,672.68 €

222,451.96 €

9,320,225.31 €

15,481,381.58 €

100,000.00 €

1,269,437.06 €

10,692,725.68 €

1,707,404.93 €

13,769,567.66 €

- €

0.00 €

108,166.93 €

35,792.34 €

836,109.69 €

- €

731,744.97 €

1,711,813.92 €

15,481,381.58 €

0.00

ANÁLISE DA SITUAÇÃO ECONÓMICA E FINANCEIRA PREVISIONAL - A PREÇOS CONSTANTES DO ANO 0

INDICADORES DE SITUACAO FINANCEIRA 2009 2010

Autonomia Financeira 7.57% 11.78%

Solvabilidade Total 8.18% 13.35%

Endividamento 92.43% 88.22%

Estrutura do Endividamento 0.00% 7.95%

Liquidez Geral #DIV/0! 88.02%

Liquidez Reduzida = Liquidez Imediata #DIV/0! 88.02%

ANALISE DO EQUILIBRIO FINANCEIRO 2009 2010

Capitais Permanentes 4,118,509.90 € 5,773,631.72 €

Activo Fixo 3,806,937.06 € 5,477,748.23 €

FUNDO DE MANEIO LIQUIDO 311,572.85 € 295,883.49 €

Necessidades Ciclicas 114,087.41 € 334,682.23 €

Recursos Ciclicos - € - €

NECESSIDADES EM FUNDO DE MANEIO 114,087.41 € 334,682.23 €

Tesouraria Activa 120,536.48 € 48,637.60 €

Tesouraria Passiva - € 435,506.04 €

TESOURARIA LIQUIDA 120,536.48 € - 386,868.45 €

TRL = FML - NFM 197,485.43 € - 38,798.75 €

Variação do Fundo de Maneio Líquido 311,572.85 € - 15,689.36 €

Variação das Necessidades em Fundo de Maneio 114,087.41 € 220,594.82 €

Variação da Tesouraria Líquida 120,536.48 € - 507,404.93 €

AVALIACAO DA PERFORMANCE ECONOMICA E FINANCEIRA 2009 2010

RENDIBILIDADE DO ACTIVO ECONÓMICO 0.00% -0.05%

Efeito dos Encargos Financeiros 0.00% 100.00%

Estrutura Financeira 1258.46% 794.71%

EFEITO FINANCEIRO DE ALAVANCA 0.00% 794.71%

Efeito dos Resultados Eventuais #DIV/0! 62.03%

Efeito Fiscal #DIV/0! 100.00%

RENDIBILIDADE DOS CAPITAIS PRÓPRIOS #DIV/0! -0.26%

Efeito da Distribuição #DIV/0! 100.00%

TAXA DE CRESCIMENTO INDUZIDA 0.00% -0.46%

TAXA DE CRESCIMENTO SUSTENTAVEL 0.00% 0.00%

ROE 0.00% -0.46%

ANÁLISE DA SITUAÇÃO ECONÓMICA E FINANCEIRA PREVISIONAL - A PREÇOS CORRENTES

INDICADORES DE SITUACAO FINANCEIRA 2009 2010

Autonomia Financeira 7.57% 11.78%

Solvabilidade Total 8.18% 13.35%

Endividamento 92.43% 88.22%

Estrutura do Endividamento 0.00% 7.95%

Liquidez Geral #DIV/0! 88.01%

Liquidez Reduzida = Liquidez Imediata #DIV/0! 88.01%

ANALISE DO EQUILIBRIO FINANCEIRO 2009 2010

Capitais Permanentes 4,118,509.90 € 5,773,631.72 €

Activo Fixo 3,883,886.01 € 5,825,817.93 €

FUNDO DE MANEIO LIQUIDO 234,623.89 € - 52,186.21 €

Necessidades Ciclicas 114,087.41 € 334,685.87 €

Recursos Ciclicos - € - €

NECESSIDADES EM FUNDO DE MANEIO 114,087.41 € 334,685.87 €

Tesouraria Activa 234,623.89 € 383,301.63 €

Tesouraria Passiva - € 435,506.04 €

TESOURARIA LIQUIDA 234,623.89 € - 52,204.41 €

TRL = FML - NFM 120,536.48 € - 386,872.09 €

Variação do Fundo de Maneio Líquido 234,623.89 € - 286,810.10 €

Variação das Necessidades em Fundo de Maneio 114,087.41 € 220,598.46 €

Variação da Tesouraria Líquida 234,623.89 € - 286,828.30 €

AVALIACAO DA PERFORMANCE ECONOMICA E FINANCEIRA 2009 2010

RENDIBILIDADE DO ACTIVO ECONÓMICO 0.00% -0.05%

Efeito dos Encargos Financeiros 0.00% 100.00%

Estrutura Financeira 1283.16% 842.31%

EFEITO FINANCEIRO DE ALAVANCA 0.00% 842.31%

Efeito dos Resultados Eventuais #DIV/0! 62.07%

Efeito Fiscal #DIV/0! 100.00%

RENDIBILIDADE DOS CAPITAIS PRÓPRIOS #DIV/0! -0.28%

Efeito da Distribuição #DIV/0! 100.00%

TAXA DE CRESCIMENTO INDUZIDA 0.00% -0.46%

TAXA DE CRESCIMENTO SUSTENTAVEL 0.00% 0.00%

ROE 0.00% -0.46%

2011 2012 2013 2014 2015

28.47% 38.42% 47.13% 56.01% 64.01%

39.80% 62.40% 89.14% 127.32% 177.82%

71.53% 61.58% 52.87% 43.99% 35.99%

15.57% 19.02% 21.59% 26.16% 31.45%

105.48% 178.27% 246.61% 305.55% 363.83%

105.42% 178.21% 246.54% 305.49% 363.77%

2011 2012 2013 2014 2015

7,024,307.92 € 7,496,086.72 € 7,994,546.29 € 8,506,047.27 € 9,134,674.65 €

6,573,155.57 € 6,573,155.57 € 6,697,740.58 € 6,697,740.58 € 6,697,740.58 €

451,152.35 € 922,931.15 € 1,296,805.71 € 1,808,306.69 € 2,436,934.07 €

266,221.40 € 68,148.15 € 69,953.99 € 69,932.39 € 73,578.64 €

62,299.23 € 93,216.63 € 93,158.56 € 94,123.97 € 96,519.11 €

203,922.18 € - 25,068.47 € - 23,204.56 € - 24,191.58 € - 22,940.48 €

731,275.92 € 1,772,035.44 € 2,539,688.02 € 3,379,571.54 € 4,242,185.80 €

830,953.61 € 901,158.12 € 936,954.64 € 1,012,149.70 € 1,069,658.37 €

- 99,677.69 € 870,877.31 € 1,602,733.38 € 2,367,421.85 € 3,172,527.43 €

247,230.17 € 947,999.62 € 1,320,010.28 € 1,832,498.27 € 2,459,874.54 €

155,268.86 € 471,778.80 € 373,874.57 € 511,500.98 € 628,627.38 €

- 130,760.06 € - 228,990.65 € 1,863.91 € - 987.02 € 1,251.11 €

287,190.76 € 970,555.00 € 731,856.06 € 764,688.47 € 805,105.59 €

2011 2012 2013 2014 2015

11.19% 11.92% 10.98% 11.76% 12.26%

81.42% 83.75% 84.59% 87.26% 89.78%

301.16% 200.73% 156.93% 123.96% 101.24%

245.19% 168.10% 132.75% 108.16% 90.89%

100.07% 100.77% 102.11% 102.74% 103.33%

73.64% 73.70% 74.05% 74.21% 74.35%

20.21% 14.88% 11.02% 9.70% 8.56%

100.00% 100.00% 100.00% 100.00% 95.77%

Índice

39.29% 31.02% 23.30% 21.00% 18.34%

64.73% 44.97% 30.38% 26.58% 22.46%

39.29% 31.02% 23.30% 21.00% 19.15%

2011 2012 2013 2014 2015

28.53% 38.56% 47.37% 56.35% 63.68%

39.91% 62.76% 90.00% 129.11% 175.32%

71.47% 61.44% 52.63% 43.65% 36.32%

15.63% 19.18% 21.89% 26.66% 33.56%

105.41% 179.44% 249.27% 310.04% 348.04%

105.35% 179.37% 249.20% 309.98% 347.98%

2011 2012 2013 2014 2015

7,024,307.92 € 7,496,086.72 € 7,994,546.29 € 8,506,047.27 € 9,134,674.65 €

6,976,046.59 € 6,717,758.26 € 6,484,286.01 € 6,232,064.14 € 6,057,945.34 €

48,261.33 € 778,328.46 € 1,510,260.29 € 2,273,983.13 € 3,076,729.31 €

268,460.67 € 70,281.80 € 73,442.78 € 74,815.08 € 80,290.23 €

63,952.97 € 97,501.70 € 100,164.20 € 103,660.30 € 109,436.60 €

204,507.71 € - 27,219.89 € - 26,721.42 € - 28,845.22 € - 29,146.38 €

931,575.62 € 1,802,619.49 € 2,612,997.25 € 3,518,990.54 € 4,466,357.21 €

833,897.58 € 907,487.70 € 948,393.02 € 1,031,585.13 € 1,174,091.53 €

97,678.04 € 895,131.79 € 1,664,604.23 € 2,487,405.41 € 3,292,265.68 €

- 156,246.38 € 805,548.35 € 1,536,981.71 € 2,302,828.35 € 3,105,875.68 €

100,447.54 € 730,067.13 € 731,931.83 € 763,722.84 € 802,746.17 €

- 130,178.17 € - 231,727.60 € 498.47 € - 2,123.80 € - 301.16 €

149,882.45 € 797,453.75 € 769,472.44 € 822,801.18 € 804,860.27 €

2011 2012 2013 2014 2015

11.27% 12.07% 11.24% 12.16% 12.73%

81.56% 83.98% 85.01% 87.79% 90.32%

317.94% 203.49% 149.79% 112.85% 89.90%

259.30% 170.89% 127.34% 99.07% 81.20%

100.07% 100.76% 102.08% 102.68% 103.26%

73.64% 73.70% 74.04% 74.19% 74.34%

21.54% 15.32% 10.82% 9.17% 7.93%

100.00% 100.00% 100.00% 100.00% 90.24%

39.51% 31.31% 23.73% 21.57% 18.03%

65.32% 45.58% 31.12% 27.50% 22.00%

39.51% 31.31% 23.73% 21.57% 19.98%

2016 2017 2018 2019

68.60% 74.14% 86.79% 89.44%

218.50% 286.72% 657.16% 846.75%

31.40% 25.86% 13.21% 10.56%

45.17% 57.24% 100.00% 100.00%

324.68% 340.66% 382.57% 485.14%

324.63% 340.61% 382.52% 485.08%

2016 2017 2018 2019

9,630,152.97 € 10,164,776.66 € 10,108,721.77 € 11,501,071.06 €

6,697,740.58 € 6,697,740.58 € 6,697,740.58 € 6,697,740.58 €

2,932,412.39 € 3,467,036.08 € 3,410,981.19 € 4,803,330.48 €

76,998.53 € 80,631.03 € 84,964.43 € 109,953.23 €

96,743.85 € 101,050.89 € 103,688.78 € 96,725.49 €

- 19,745.32 € - 20,419.86 € - 18,724.35 € 13,227.74 €

5,166,450.31 € 6,015,380.73 € 5,884,042.95 € 6,584,457.12 €

1,494,731.16 € 1,664,990.03 € 1,434,553.25 € 1,279,031.28 €

3,671,719.14 € 4,350,390.70 € 4,449,489.70 € 5,305,425.84 €

2,952,157.71 € 3,487,455.94 € 3,429,705.54 € 4,790,102.74 €

495,478.32 € 534,623.69 € - 56,054.89 € 1,392,349.29 €

3,195.15 € - 674.54 € 1,695.51 € 31,952.09 €

499,191.71 € 678,671.55 € 99,099.00 € 855,936.14 €

2016 2017 2018 2019

13.20% 13.74% 15.49% 15.47%

92.48% 94.33% 95.18% 99.46%

86.75% 75.49% 66.07% 58.35%

80.23% 71.21% 62.89% 58.04%

103.61% 104.01% 104.27% 103.75%

74.42% 74.52% 74.58% 74.46%

8.16% 7.58% 7.58% 6.94%

74.62% 70.00% 70.00% 70.00%

14.36% 12.97% 12.49% 12.11%

16.76% 14.90% 14.28% 13.77%

19.24% 18.53% 17.85% 17.29%

2016 2017 2018 2019

68.00% 73.89% 86.04% 88.52%

212.51% 283.04% 616.52% 771.01%

32.00% 26.11% 13.96% 11.48%

47.50% 58.86% 100.00% 100.00%

310.53% 336.66% 377.27% 467.70%

310.48% 336.61% 377.21% 467.63%

2016 2017 2018 2019

9,630,152.97 € 10,164,776.66 € 10,108,721.77 € 11,501,071.06 €

6,054,423.18 € 5,914,646.77 € 5,762,088.29 € 6,269,850.26 €

3,575,729.79 € 4,250,129.90 € 4,346,633.48 € 5,231,220.80 €

85,870.55 € 92,079.72 € 99,454.12 € 118,670.95 €

113,163.02 € 122,147.74 € 129,843.78 € 126,732.40 €

- 27,292.46 € - 30,068.02 € - 30,389.66 € - 8,061.45 €

5,427,377.38 € 6,352,947.02 € 6,415,131.53 € 7,315,908.19 €

1,634,894.97 € 1,765,198.40 € 1,570,822.00 € 1,450,460.15 €

3,792,482.41 € 4,587,748.62 € 4,844,309.53 € 5,865,448.04 €

3,603,022.25 € 4,280,197.91 € 4,377,023.14 € 5,239,282.24 €

499,000.48 € 674,400.10 € 96,503.58 € 884,587.32 €

1,853.92 € - 2,775.56 € - 321.64 € 22,328.21 €

500,216.73 € 795,266.21 € 256,560.90 € 1,021,138.51 €

2016 2017 2018 2019

13.84% 14.60% 16.52% 16.54%

92.98% 94.80% 95.68% 99.53%

77.07% 64.84% 54.67% 51.91%

71.66% 61.47% 52.30% 51.67%

103.52% 103.83% 104.02% 103.60%

74.40% 74.48% 74.52% 74.42%

7.64% 6.94% 6.70% 6.59%

70.00% 70.00% 70.00% 70.00%

14.25% 13.83% 13.44% 13.08%

16.62% 16.05% 15.53% 15.04%

20.35% 19.76% 19.20% 18.68%

2020

89.87%

887.04%

10.13%

100.00%

568.11%

568.05%

2020

12,979,695.79 €

6,697,740.58 €

6,281,955.21 €

91,337.57 €

107,045.81 €

- 15,708.24 €

8,311,987.74 €

1,356,214.99 €

6,955,772.75 €

6,297,663.45 €

1,478,624.73 €

- 28,935.98 €

1,650,346.91 €

2020

14.63%

100.00%

51.48%

103.97%

74.51%

5.83%

70.00%

11.39%

12.86%

16.27%

2020

88.94%

804.38%

11.06%

100.00%

544.46%

544.40%

2020

12,979,695.79 €

6,130,073.85 €

6,849,621.94 €

112,326.65 €

143,959.26 €

- 31,632.61 €

9,319,124.64 €

1,567,854.65 €

7,751,269.99 €

6,881,254.55 €

1,618,401.14 €

- 23,571.16 €

1,885,821.95 €

2020

15.76%

100.00%

44.29%

103.81%

74.47%

5.39%

70.00%

12.40%

14.16%

17.71%

ANÁLISE DE SENSIBILIDADE DO VALOR ACTUAL LIQUIDO AO PREÇO DE VENDA

Efeito VAL TIR PAYBACK

0.8 255,356.03 € 0.61% 10.67

0.85 1,271,976.37 € 2.91% 9.56

0.9 2,288,596.70 € 5.04% 8.71

0.95 3,305,217.04 € 7.02% 8.02

1 4,321,837.38 € 8.90% 7.42

1.05 5,338,457.71 € 10.68% 6.91

1.1 6,355,078.05 € 12.37% 6.47

1.15 7,371,698.39 € 13.99% 6.09

1.2 8,388,318.72 € 15.55% 5.75

0 1

Vendas Ajustadas - € - €

Custos Operacionais - € - €

EBITDA - € - €

Amortizações do Exercício - € 5,366.67 €

EBIT(1-t) - € - 5,366.67 €

Imposto - € - 1,422.17 €

CF Operacional - € - 3,944.50 €

Variação Necessidades FM 114,087.41 € 220,598.46 €

Investimento Capital Fixo 3,820,437.06 € 1,673,429.37 €

Free Cash Flow to the Firm - 3,934,524.47 € - 1,897,972.34 €

Taxa Retenção 1

PV 1

Custos Operacionais 1

Despesas de Investimento 1

0 1

Vendas Ajustadas - € - €

Custos Operacionais - € - €

EBITDA - € - €

Amortizações do Exercício - € 5,366.67 €

EBIT(1-t) - € - 5,366.67 €

Imposto - € - 1,422.17 €

CF Operacional - € - 3,944.50 €

Variação Necessidades Fundo de Maneio 114,087.41 € 220,598.46 €

Investimento Capital Fixo 3,820,437.06 € 1,673,429.37 €

Free Cash Flow Firm - 3,934,524.47 € - 1,897,972.34 €

Taxa Actualização Nominal 8.34% 7.58%

Factor Actualização 1 1.0758337887973

Free Cash Flow Firm Descontado - 3,934,524.47 € - 1,764,187.33 €

VAL 4,321,837.38 €

TIR 8.8990%

PAYBACK 7.41809422500259 =

MAPA AUXILIAR PARA CÁLCULO DO PAYBACK PERIOD

A PREÇOS CORRENTES

0 - 3,934,524.47 € 0

1 - 5,698,711.80 € 1

2 - 5,851,084.21 € 2

3 - 4,617,076.24 € 3

4 - 3,703,025.04 € 4

5 - 2,651,485.85 € 5

6 - 1,586,679.09 € 6

7 - 485,440.93 € 7

8 675,639.28 € 8

9 1,897,241.07 € 9

10 3,122,786.83 € 10

11 4,321,837.38 € 11

ANÁLISE DE SENSIBILIDADE DO VALOR ACTUAL LIQUIDO À TAXA DE RETENÇÃO

Efeito VAL TIR PAYBACK

0.8 4,932,178.51 € 10.02% 7.11

0.85 4,779,593.22 € 9.74% 7.18

0.9 4,627,007.94 € 9.46% 7.26

0.95 4,474,422.66 € 9.18% 7.34

1 4,321,837.38 € 8.90% 7.42

1.05 4,169,252.09 € 8.62% 7.50

1.1 4,016,666.81 € 8.33% 7.59

1.15 3,864,081.53 € 8.04% 7.67

1.2 3,711,496.25 € 7.76% 7.76

2 3 4 5 6

2,876,274.51 € 3,519,780.41 € 3,677,237.35 € 3,745,957.65 € 4,018,362.22 €

1,151,337.10 € 1,607,890.37 € 1,721,289.33 € 1,706,540.63 € 1,838,950.39 €

1,724,937.42 € 1,911,890.04 € 1,955,948.02 € 2,039,417.02 € 2,179,411.82 €

237,138.68 € 237,138.68 € 248,211.81 € 152,558.47 € 152,558.47 €

1,487,798.74 € 1,674,751.36 € 1,707,736.22 € 1,886,858.55 € 2,026,853.35 €

394,266.67 € 443,809.11 € 452,550.10 € 500,017.52 € 537,116.14 €

1,093,532.07 € 1,230,942.25 € 1,255,186.12 € 1,386,841.03 € 1,489,737.21 €

- 130,178.17 € - 231,727.60 € 498.47 € - 2,123.80 € - 301.16 €

1,398,763.65 € - € 124,696.48 € 674.26 € 5,170.64 €

- 175,053.41 € 1,462,669.85 € 1,129,991.17 € 1,388,290.58 € 1,484,867.73 €

2 3 4 5 6

2,875,211.41 € 3,599,731.63 € 3,771,552.79 € 3,852,851.56 € 4,144,582.30 €

1,151,337.10 € 1,607,890.37 € 1,721,289.33 € 1,706,540.63 € 1,838,950.39 €

1,723,874.31 € 1,991,841.27 € 2,050,263.46 € 2,146,310.93 € 2,305,631.91 €

237,138.68 € 237,138.68 € 248,211.81 € 152,558.47 € 152,558.47 €

1,486,735.63 € 1,754,702.59 € 1,802,051.66 € 1,993,752.45 € 2,153,073.44 €

393,984.94 € 464,996.19 € 477,543.69 € 528,344.40 € 570,564.46 €

1,092,750.69 € 1,289,706.40 € 1,324,507.97 € 1,465,408.05 € 1,582,508.98 €

- 130,178.17 € - 231,727.60 € 498.47 € - 2,123.80 € - 301.16 €

1,398,763.65 € - € 124,696.48 € 674.26 € 5,170.64 €

- 175,834.79 € 1,521,434.00 € 1,199,313.02 € 1,466,857.60 € 1,577,639.49 €

Índice

7.26% 6.84% 6.42% 6.32% 6.21%

1.15398046485713 1.23292072380199 1.31208516501924 1.39496236819184 1.48162047387259

- 152,372.41 € 1,234,007.97 € 914,051.20 € 1,051,539.19 € 1,064,806.76 €

7 Anos e 5 Meses

7 -485440.930581253

8 675639.27945571

7.41809422500259 7

0.418094225002593 5.01713070003112 5

ANÁLISE DE SENSIBILIDADE DO VALOR ACTUAL LIQUIDO AOS CUSTOS OPERACIONAIS

Efeito VAL TIR PAYBACK

0.8 6,095,764.40 € 12.06% 6.54

0.85 5,652,282.64 € 11.29% 6.74

0.9 5,208,800.89 € 10.50% 6.96

0.95 4,765,319.13 € 9.71% 7.18

1 4,321,837.38 € 8.90% 7.42

1.05 3,878,355.62 € 8.07% 7.68

1.1 3,434,873.87 € 7.23% 7.95

1.15 2,991,392.11 € 6.37% 8.24

1.2 2,547,910.36 € 5.50% 8.55

7 8 9 10 11

4,296,066.84 € 4,605,067.24 € 4,970,705.55 € 5,293,312.53 € 5,611,005.55 €

1,915,120.82 € 2,000,725.78 € 2,097,236.06 € 2,192,918.78 € 2,291,633.44 €

2,380,946.01 € 2,604,341.46 € 2,873,469.49 € 3,100,393.74 € 3,319,372.12 €

152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 €

2,228,387.54 € 2,451,782.98 € 2,720,911.02 € 2,947,835.27 € 3,166,813.64 €

590,522.70 € 649,722.49 € 721,041.42 € 781,176.35 € 839,205.62 €

1,637,864.84 € 1,802,060.49 € 1,999,869.60 € 2,166,658.92 € 2,327,608.03 €

1,853.92 € - 2,775.56 € - 321.64 € 22,328.21 € - 23,571.16 €

14,543.12 € 922.46 € - € 34,600.42 € 1,122.37 €

1,621,467.81 € 1,803,913.59 € 2,000,191.24 € 2,109,730.29 € 2,350,056.82 €

7 8 9 10 11

4,443,165.43 € 4,775,648.17 € 5,168,319.49 € 5,518,063.24 € 5,614,297.43 €

1,915,120.82 € 2,000,725.78 € 2,097,236.06 € 2,192,918.78 € 2,291,633.44 €

2,528,044.61 € 2,774,922.39 € 3,071,083.43 € 3,325,144.46 € 3,322,663.99 €

152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 € 152,558.47 €

2,375,486.13 € 2,622,363.92 € 2,918,524.96 € 3,172,585.98 € 3,170,105.52 €

629,503.83 € 694,926.44 € 773,409.11 € 840,735.29 € 840,077.96 €

1,745,982.31 € 1,927,437.48 € 2,145,115.84 € 2,331,850.70 € 2,330,027.56 €

1,853.92 € - 2,775.56 € - 321.64 € 22,328.21 € - 23,571.16 €

14,543.12 € 922.46 € - € 34,600.42 € 1,122.37 €

1,729,585.28 € 1,929,290.57 € 2,145,437.49 € 2,274,922.06 € 2,352,476.35 €

6.00% 5.80% 5.69% 5.69% 5.69%

1.57058239681185 1.66163418931098 1.75624946431208 1.8562522369472 1.96194927724641

1,101,238.16 € 1,161,080.21 € 1,221,601.79 € 1,225,545.76 € 1,199,050.54 €

ANÁLISE DE SENSIBILIDADE DO VALOR ACTUAL LIQUIDO ÀS DESPESAS DE INVESTIMENTO

Efeito VAL TIR PAYBACK

0.8 5,850,618.20 € 13.96% 6.11

0.85 5,468,422.99 € 12.54% 6.44

0.9 5,086,227.79 € 11.23% 6.77

0.95 4,704,032.58 € 10.02% 7.10

1 4,321,837.38 € 8.90% 7.42

1.05 3,939,642.17 € 7.85% 7.74

1.1 3,557,446.97 € 6.88% 8.06

1.15 3,175,251.76 € 5.96% 8.36

1.2 2,793,056.55 € 5.10% 8.67

0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.20

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

Análise Sensibilidade ao VAL

Preço VendaFactor Correctivo da Taxa de RetençãoCustos OperacionaisDespesas de Investimento

Efeito

VAL

0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.20

0.02

0.04

0.06

0.08

0.1

0.12

0.14

0.16

0.18

Análise Sensibilidade TIR

Preço VendaFactor Correctivo da Taxa de RetençãoCustos OperacionaisDespesas Investimento

Efeito

TIR

0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.20

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

Análise Sensibilidade ao VAL

Preço VendaFactor Correctivo da Taxa de RetençãoCustos OperacionaisDespesas de Investimento

Efeito

VAL

0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.20

2

4

6

8

10

12

Análise Sensibilidade PAYBACK

Preço VendaFactor Correctivo da Taxa de RetençãoCustos OperacionaisDespesas Investimento

Efeito

PAYB

ACK

0.8 0.85 0.9 0.95 1 1.05 1.1 1.15 1.20

2

4

6

8

10

12

Análise Sensibilidade PAYBACK

Preço VendaFactor Correctivo da Taxa de RetençãoCustos OperacionaisDespesas Investimento

Efeito

PAYB

ACK

Plano Financeiro - SÃ´ma Healh Club Final

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